Stanford Graduate School of Business

Last updated

Stanford
Graduate School of Business
Stanford GSB Logo.png
Motto
  • Change Lives.
  • Change Organizations.
  • Change the World.
Type Private graduate business school
Established1925
Parent institution
 Stanford University
Dean Peter DeMarzo (interim)
Academic staff
114 [1]
Postgraduates 816 MBAs, 83 MSs, [2] and 101 PhDs in residence [2]
Other students
2,284 (Executive education) [2]
Location
Stanford
,
California
,
United States
CampusSuburban
Nickname Stanford GSB
Website www.gsb.stanford.edu

The Stanford Graduate School of Business (also known as Stanford GSB or simply GSB) is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business school in the United States, [3] admitting only about 6% of applicants. [4]

Contents

Stanford GSB offers a general management Master of Business Administration (MBA) degree, the MSx Program (MS in Management for mid-career executives), Stanford LEAD Online Business Program and a PhD program, along with joint degrees with other schools at Stanford including Earth Sciences, Education, Engineering, Law and Medicine.

History

The school was founded in 1925 when trustee Herbert Hoover formed a committee consisting of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding. [5] Willard Hotchkiss became the first dean of Stanford GSB.

The library was formally inaugurated on April 3, 1933. The collection was established with 1,000 volumes and assorted reports. [6] The school moved from Jordan Hall to new quarters in the History Corner of the Main Quad in 1937. [7]

Jonathan Levin was appointed as the 10th dean of the school in September 2016. [8] Levin became the 13th president of Stanford University on August 1, 2024. [9]

Campus

Stanford Knight Management Center, seen from Serra Street. Knight Management Center.jpg
Stanford Knight Management Center, seen from Serra Street.

The Knight Management Center is situated within the greater Stanford campus. There are ten buildings at the Knight Management Center: the Gunn Building, Zambrano Hall, North Building, Arbuckle Dining Pavilion, Bass Center, the Faculty Buildings (comprising East and West buildings), the Patterson Building, the MBA Class of 1968 Building, and the McClelland Building.

The Schwab Residential Center was designed by Mexican architect Ricardo Legorreta. The 158,000 square-foot facility consists of 280 guest rooms. Jack McDonald Hall, located adjacent to Schwab, opened in 2016 as an additional residence for MBA students with over 200 guest rooms.

There are three main art installations on campus, including Monument to Change as it Changes, Monument to the Unknown Variables, and Ways to Change. [10]

Stanford GSB maintains very close links with the venture capital, finance and technology firms of nearby Silicon Valley. [11]

Academics

Stanford GSB offers a traditional Master of Business Administration (MBA) program typically completed in two years, a Master of Science ("MSx program") typically completed in one year, and a doctoral (PhD) program. [12] [13] The MBA program is a full-time graduate program that enrolls approximately 420 students each year.

The MSx program is intended for students who are mid-career managers (minimum 8 years of professional work experience). The Stanford MSx was previously called the Stanford Sloan Master's Program, because students in the program are known as Stanford Sloan Fellows. The Stanford MSx is one of the three Sloan Fellows programs, sharing a similar format with the others at the MIT Sloan School of Management and the London Business School. These programs were initially supported by Alfred P. Sloan, Chairman of General Motors from 1937 to 1956, who envisioned the Sloan Fellowship in his alma mater of MIT in 1931.

Academic partnerships

Stanford GSB offers Executive Education programs jointly with Harvard Business School. It also offers one of the three Sloan Fellows programs, coordinating with the others at the MIT Sloan School of Management and the London Business School. [14]

Stanford LEAD Professional Certificate

The Stanford LEAD Business Program (LEAD is an acronym for learn, engage, accelerate, and disrupt) [15] is a one-year online business program in the Graduate School of Business offering access to curricular materials and students specialize personal leadership. The teaching components are coordinated 100% online although there are periodic meet-ups hosted at Stanford each year through the me2we program. [16] The annual me2we conferences have grown to become quite large, and the program's 1,800 LEAD alumni can join remotely. [17]

Faculty and research

The school works at the forefront of global business research and teaching. There are four winners of the Nobel Memorial Prize in Economic Sciences on the faculty (William F. Sharpe 1990, Myron Scholes 1997, Michael Spence 2001, Guido Imbens 2021), five recipients of the John Bates Clark Award, 19 members of the American Academy of Arts and Sciences, and four members of the National Academy of Sciences. [18]

William F. Sharpe's research interests focus on macro-investment analysis, equilibrium in capital markets and the provision of income in retirement. [19] Myron Scholes' research has focused on understanding uncertainty and its effect on asset prices and the value of options, including flexibility options. [20] Michael Spence's research interests focus on the study of economic growth and development, dynamic competition and the economics of information. [21]

Rankings

Business School
International Rankings
U.S. MBA Ranking
QS (2025) [22] 1
Financial Times (2024) [23] 15
LinkedIn (2023) [24] 2
Bloomberg (2024) [25] 1
U.S. News & World Report (2024) [26] 1
Global MBA Ranking
QS (2025) [27] 1
Financial Times (2024) [28] 23

In recent rankings, Stanford GSB was ranked 1st by Bloomberg Businessweek, [29] 1st by QS Top Universities , [30] and 1st by U.S. News & World Report . [31] In the ranking aggregator Poets & Quants Stanford's MBA Program was ranked 1st in the U.S. [32] In the inaugural LinkedIn MBA rankings (2024), Stanford was ranked #1 globally. [33]

The Stanford Graduate School of Business is the most selective business school in the United States. [34] It has maintained the highest ratio of "applicants to available seats" of any business school in the U.S. for the last decade. It has also had the lowest acceptance rates (typically <7%) of any business school. For the Class of 2022 which entered in 2020, 8% of applicants were offered admission, and the average GMAT score of 733 and average GPA of 3.8 [35] are the highest of any business school in the world.

The business school comprises the Knight Management Center, the Schwab Residential Center (named after alumnus Charles R. Schwab, founder and chairman of the Charles Schwab Corporation), and Highland Hall.

Donations

Schwab Residential Center Schwab gsb.jpg
Schwab Residential Center

In August 2006, the school announced what was then the largest gift ever to a business school—$105 million from Stanford alumnus Phil Knight, MBA '62, co-founder and chairman of Nike, Inc. [36] The gift went toward construction of a $375 million campus, called the Knight Management Center, for the business school. Construction was completed in 2011.

In 2011, alumnus Robert King and his wife Dorothy made a $150 million gift to the school—making history as the largest donation to Stanford GSB—to found the Institute for Innovation in Developing Economies (also known as SEED) to focus on poverty relief in emerging markets. [37] A portion of their gift is used as a matching incentive to encourage other donors to give to SEED. [38]

The gifts by King and Knight are marked as the second and third largest philanthropic pledges to a business school. [39]

Also in 2011, investor and economist Marko Dimitrijevic, a 1985 alumni of the Business School, established the Emerging Markets Innovation Fund, to support teaching, research, and other initiatives in the area of emerging and frontier markets. [40]

Alumni

There are 33,689 living alumni, [41] including 21,111 living MBA alumni. MBA alumni include 23 billionaires [42] and several heads of state. [43]

See also

Related Research Articles

<span class="mw-page-title-main">MIT Sloan School of Management</span> Business school of the Massachusetts Institute of Technology

The Sloan School of Management at Massachusetts Institute of Technology is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts.

<span class="mw-page-title-main">INSEAD</span> International business school

INSEAD, a contraction of "Institut Européen d'Administration des Affaires", is a non-profit graduate business school that maintains campuses in France, Singapore, and the United Arab Emirates. INSEAD is associated with Sorbonne University and The Wharton School.

<span class="mw-page-title-main">London Business School</span> Business school affiliated to the University of London

London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees. Its motto is "To have a profound impact on the way the world does business".

<span class="mw-page-title-main">Kellogg School of Management</span> Business school of Northwestern University

The Kellogg School of Management at Northwestern University is the graduate business school of Northwestern University, a private research university in Evanston, Illinois. Founded in 1908 as the School of Commerce, Kellogg has the second-largest endowment of any business school.

<span class="mw-page-title-main">Kelley School of Business</span> Business school of Indiana University

The Kelley School of Business (KSB) is an undergraduate and graduate business school at Indiana University Bloomington, the flagship campus of the Indiana University system. As of 2022, approximately 13,538 full-time undergraduate and graduate students are enrolled on its Bloomington campus, as well as 1,596 students at the Indianapolis campus. In addition, more than 800 students study for graduate degrees through the school's online MBA and MS programs through "Kelley Direct".

<span class="mw-page-title-main">University of Chicago Booth School of Business</span> Business school of the University of Chicago

The University of Chicago Booth School of Business is the graduate business school of the University of Chicago, a private research university in Chicago, Illinois. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 Nobel laureates in the Economic Sciences, more than any other business school in the world. The school has the third-largest endowment of any business school.

<span class="mw-page-title-main">Copenhagen Business School</span> Business school

Copenhagen Business School often abbreviated and referred to as CBS, is a public university situated in Copenhagen, Denmark and is considered one of the most prestigious business schools in Western Europe and the world.

<span class="mw-page-title-main">Tuck School of Business</span> Graduate business school of Dartmouth College, in New Hampshire, US

The Amos Tuck School of Business Administration at Dartmouth College is the graduate business school of Dartmouth College, a private Ivy League research university in Hanover, New Hampshire. The school only offers a Master of Business Administration degree program.

<span class="mw-page-title-main">Mendoza College of Business</span>

The Mendoza College of Business is the business school at the University of Notre Dame, a private university in Notre Dame, Indiana. Founded in 1921, it offers both undergraduate and graduate degrees. It is ranked among the top 30 business schools in the United States for graduate and MBA programs by Bloomberg Businessweek, Forbes, and U.S. News & World Report. Apart from its main campus, it also offers an executive MBA, master’s in finance, and master’s in business analytics in Chicago. It has a network of over 40,000 undergraduate and graduate alumni. The school was renamed in 2000 following a donation to the school by Tom Mendoza.

<span class="mw-page-title-main">Samuel Curtis Johnson Graduate School of Management</span> Graduate business school of Cornell University

The Samuel Curtis Johnson Graduate School of Management is the graduate business school at the SC Johnson College of Business at Cornell University, a private Ivy League university in Ithaca, New York. It was founded in 1946 and named in 1984 after Samuel Curtis Johnson, founder of S.C. Johnson & Son, following his family's $20 million endowment gift to the school in his honor, which was the largest gift to a business school in the world at the time. In January 2017, Herbert Fisk Johnson III of S. C. Johnson & Son donated $150 million to the Cornell Johnson Graduate School of Management and the newly formed College of Business. In recognition of this gift, the college was renamed the Cornell SC Johnson College of Business. The Johnson School currently has an acceptance rate of 29.9%, making it the 7th most competitive business school in the United States.

<span class="mw-page-title-main">Yale School of Management</span> Graduate business school of Yale University

The Yale School of Management is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), Master's Degree in Systemic Risk (SR), Master's Degree in Global Business & Society (GBS), Master's Degree in Asset Management (AM), and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University.

<span class="mw-page-title-main">UCLA Anderson School of Management</span> Business school at University of California, Los Angeles

The John E. Anderson Graduate School of Management is the graduate business school at the University of California, Los Angeles. The school offers MBA, PGPX, Financial Engineering, Business Analytics, and PhD degrees. It was named after American billionaire John E. Anderson in 1987, after he donated $15 million to the School of Management.

<span class="mw-page-title-main">John Molson School of Business</span> Business school in Montreal, Quebec, Canada

The John Molson School of Business, commonly known as John Molson, is a business school located in Montreal, Quebec, Canada. The John Molson School of Business was established in 1974 by Concordia University.

<span class="mw-page-title-main">Olin Business School</span> Business School at Washington University in Saint Louis, Missouri

The Olin Business School is the business school and one of seven academic schools at Washington University in St. Louis. The school offers undergraduate, master's, doctoral, and executive programs.

<span class="mw-page-title-main">Bennett S. LeBow College of Business</span> Drexel Universitys business school in Philadelphia

The LeBow College of Business, often referred to simply as Drexel LeBow, is the business school of Drexel University in Philadelphia, Pennsylvania. The school offers undergraduate, graduate, and doctoral programs in business administration to nearly 4,000 students and encompasses an alumni network of more than 40,000 business professionals.

The Leonard N. Stern School of Business is the business school of New York University, a private research university based in New York City. Founded as the School of Commerce, Accounts and Finance in 1900, the school received its current name in 1988.

<span class="mw-page-title-main">George Washington University School of Business</span> Business school in Washington, D.C., USA

The George Washington University School of Business is the professional business school of George Washington University in Washington, D.C. The GW School of Business is ranked as one of the top business schools in the United States, with globally ranked undergraduate and graduate programs. GW's campus is also adjacent to some of the world's leading financial institutions, including the Federal Reserve, World Bank, and International Monetary Fund.

<span class="mw-page-title-main">Ross School of Business</span> Business school of the University of Michigan

The Stephen M. Ross School of Business at the University of Michigan is the business school of the University of Michigan, a public research university in Ann Arbor, Michigan.

<span class="mw-page-title-main">Gabelli School of Business</span> Business schools of Fordham University

The Gabelli School of Business is the undergraduate and graduate business school of Fordham University, a private Jesuit research university in New York City, New York.

References

  1. ↑ "Stanford Graduate School of Business: School Profile". Stanford University . Retrieved March 12, 2014.
  2. 1 2 3 As of September 1, 2016
  3. ↑ Kowarski, Ilana (April 14, 2020). "10 Business Schools with Lowest Acceptance Rates".
  4. ↑ "Stanford MBA Class Profile | Breakdown". businessbecause.com. November 6, 2020. Retrieved December 5, 2020.
  5. ↑ Stanford University 1916–1941, pg 79–80. J. Pearce Mitchell, 1958
  6. ↑ Stanford GSB History of the library gsb.stanford.edu
  7. ↑ Stanford GSB Our History gsb.stanford.edu
  8. ↑ "Jonathan Levin Named Dean of Stanford Graduate School of Business" (Press release). Stanford Graduate School of Business. May 23, 2016.
  9. ↑ "Stanford alum, business school dean Jonathan Levin named Stanford president". Stanford University. April 4, 2024.
  10. ↑ "Stanford GSB Artwork | Stanford Graduate School of Business". Gsb.stanford.edu. Retrieved July 19, 2016.
  11. ↑ Lawton-Smith, Helen (August 30, 2006). Universities, Innovation and the Economy. Taylor & Francis. ISBN   9780203358054 – via Google Books.
  12. ↑ "Stanford MSx" . Retrieved January 6, 2013.
  13. ↑ "Stanford MSX Class of 2018 Profile" . Retrieved December 25, 2017.
  14. ↑ Bradshaw, Della (March 19, 2012). "A degree of choice for the older and wiser student". FT.com. Archived from the original on December 10, 2022. Retrieved July 19, 2016.
  15. ↑ "Stanford LEAD Program". Stanford Graduate School of Business. Retrieved March 9, 2020.
  16. ↑ "Stanford LEAD me2we". Stanford Graduate School of Business. Retrieved March 9, 2020.
  17. ↑ "In a Quick Pivot, Stanford LEAD's Annual Event Moved from On-Campus to Online". Stanford Graduate School of Business. Retrieved March 30, 2020.
  18. ↑ Stanford GSB School profile gsb.stanford.edu
  19. ↑ Research statement of William F. Sharpe gsb.stanford.edu
  20. ↑ Research statement of Myron Scholes gsb.stanford.edu
  21. ↑ Research statement of Michael Spence gsb.stanford.edu
  22. ↑ "2025 QS Global MBA:United States". Quacquarelli Symonds.
  23. ↑ "Financial Times USA MBA Rankings 2024". Financial Times.
  24. ↑ "LinkedIn MBA Rankings 2024". LinkedIn.
  25. ↑ "Best B-Schools". Bloomberg Businessweek.
  26. ↑ "2023 Best Business Schools Rankings". U.S. News & World Report.
  27. ↑ "QS Global MBA Rankings 2025". Quacquarelli Symonds.
  28. ↑ "Global MBA Ranking 2023". Financial Times.
  29. ↑ "Terms of Service Violation". Bloomberg Businessweek.
  30. ↑ "MBA Rankings 2021 – Global". Top Universities. Retrieved June 4, 2021.
  31. ↑ "Best Business Schools". U.S. News & World Report.
  32. ↑ "Poets and Quants 2021 MBA Rankings". December 7, 2020.
  33. ↑ https://poetsandquants.com/2024/09/05/linkedin-mba-ranking-2/
  34. ↑ Zlomek, Erin. (2013-04-18) India's IIM-A, the World's Toughest B-School to Get Into. Businessweek. Retrieved on 2013-08-12.
  35. ↑ "Stanford GSB Entering Class Profile" . Retrieved November 24, 2016.
  36. ↑ "Nike Founder Phil Knight to Give $105 Million to Stanford GSB".
  37. ↑ "Stanford business school receives $150m gift". ft.com. November 4, 2011. Archived from the original on December 10, 2022. Retrieved September 21, 2020.
  38. ↑ Stanford, © Stanford University; California 94305 (August 13, 2012). "Stanford Institute to Alleviate Poverty with $150 Million Gift". Giving to Stanford. Retrieved September 21, 2020.{{cite web}}: CS1 maint: numeric names: authors list (link)
  39. ↑ Byrne, John A. (October 13, 2012). "Poets&Quants | Largest Donors To Business Schools". Poets&Quants. Retrieved September 21, 2020.
  40. ↑ "Innovating for Emerging Markets". Stanford Graduate School of Business. Retrieved September 21, 2020.
  41. ↑ https://www.gsb.stanford.edu/experience/about/alumni
  42. ↑ https://poetsandquants.com/2020/09/24/who-wants-to-be-an-mba-billionaire-heres-the-schools-with-the-most-super-rich-alums/
  43. ↑ "Lieutenant John F. Kennedy, USNR". public1.nhhcaws.local. Retrieved November 15, 2024.

37°25′41″N122°09′40″W / 37.4280°N 122.1612°W / 37.4280; -122.1612

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.