Stanford University Graduate School of Business - Full-Time MBA
Stanford University Full-Time MBA Program Structure
The Stanford full-time MBA classes are typically scheduled during the day. Stanford offers one student intake per year, with classes beginning in the fall semester. At the completion of the core curriculum, before beginning electives and areas of concentration, students participate in a global management immersion experience between their first and second year of the MBA program, which is typically completed over four weeks during the summer. During this experience, you will be working on projects for a sponsoring organization in an industry such as consumer products, international development, energy, finance, health care, media and entertainment, technology, and telecommunications
In the first year, Stanford University’s full-time MBA students dive into complex managerial issues with the General Management Perspective series of courses. The first year mostly comprises core courses with potential room for one to two electives in winter and spring quarters.
Toward the end of the first quarter, students engage the Global Experience requirement in worldwide issues in order to fully appreciate the complexities involved in global management. Note that this may be suspended or canceled due to the impact of COVID-19. MBA students are required to participate in and complete one global experience to fulfill the global experience requirement.
Students can also participate in Global Study Trips as yet another option for fulfilling the Global Experience Requirement. These trips are intense personal experiences that foster long-lasting bonds with peers and people across cultures.
During the second year, students can take up to 18 electives to broaden their experience and perspective, or broaden their knowledge in a specific area. Possible elective courses include: Accounting, Entrepreneurship, Finance, General Management, Human Resources, Information Technology, Leadership, Managerial Economics, Marketing, Operations, Organizational Behavior, Public Management, and Strategic Management.
Students can take courses outside Stanford Graduate School of Business and apply approximately 12 class units toward the MBA degree. In addition, students can take a series of two-week compressed courses to build deep knowledge in specific business topics. These two-unit concentrated courses give you flexibility in your schedule to pursue career development and other interests.
Full-Time MBA Rankings
• U.S. News & World Report: 1st
• Bloomberg: 1st
• Forbes: 2nd
• Financial Times: 3rd
• The Economist: 8th
Stanford MBA 2022 Class Profile
The Stanford full-time MBA class of 2022 is comprised of 436 total students out of 7,342 applicants. Roughly 47 percent of those students are female and 35 percent are of international origin. Students enter the program with an average of 4.7 years professional work experience. The top industries that students resided from include Investment Management, Consulting, Technology, and Government, Education, and Non-Profits.
The average GMAT score for students in the entering Class of 2020 was 733 and the average GRE score was 329. International students who took the TOEFL scored an average of 113.International students who took the TOEFL scored an average of 113. The average GPA for students was 3.8. Other important statistics to note are that 9% of students are first generation in their family to graduate from a four-year college or university, and 14% hold advanced degrees.
94% of students have job offers by 3-months post-graduation at the Stanford full-time MBA. According to Stanford, 447 employers hired Stanford MBA grads in 2018-2019 . The average base salary was $150,000, which is a record base salary for the 5th consecutive year., while the expected performance bonus averaged $66,000. Additional highlights include:
- 18% of MBA ’19 chose a socially responsible role after graduation
- 41% received stock compensation
- 40% of those launching a new venture or joining a start-up are women
- 72% expected to receive a performance bonus
- 15% of students are starting new ventures
- 15% of new ventures are non-profit or social innovation
Tuition, Scholarships, and Financial Aid
The Stanford University full-time MBA degree tuition for the nine-month academic year is $74,706 for both married and single students. Additional expenses may include living allowance, books and supplies, instructional materials, transportation, medical insurance and orientation costs. The estimated total cost for the nine-month academic year for a single student is $118,644 and $142,080 for married students.
Fellowships are available to all U.S. and international MBA financial aid applicants who can demonstrate financial need.
– Knight-Hennessy Scholars is the largest fully endowed scholars program in the world. The program awards high-achieving students every year with full funding to pursue any graduate degree at Stanford, including joint and dual degrees. To be considered you must apply separately to the Knight-Hennessy Scholars program and to your Stanford GSB graduate degree program (by Round 1).
– Reliance Industries Limited generously created the Stanford Reliance Dhirubhai Fellowship Program to support students who are from and living in India who need financial assistance in obtaining an MBA at Stanford. Stanford Reliance Dhirubhai Fellows, class of 2022, will receive financial support for approximately 80% of the cost of attendance and associated fees for a single student each year of the two-year Stanford MBA Program.
– Stanford GSB participates in the Post-9/11 Veterans Education Assistance Act of 2008, the Yellow Ribbon Program — a grant that is available to eligible military candidates. Starting with the 2020–21 academic year, Stanford GSB will match up to full tuition and mandatory fees (minus Stanford medical insurance*) for MBA students who are Yellow Ribbon eligible and opt to receive these benefits. These students will not be eligible to receive additional need-based fellowships, but are eligible for student loans if needed
Stanford GSB offers financial support to qualifying MBAs who pursue careers in the nonprofit and public service sectors. Stanford GSB provides resources for those who wish to pursue a summer internship in nonprofit, social impact, government, or entrepreneurial organizations.
Stanford encourages you to research sources outside Stanford GSB to help reduce your debt load. If you receive an external scholarship for less than $40,000, your Stanford GSB Fellowship will not be reduced. If you receive an external scholarship for more than $40,000, your Stanford GSB fellowship will be reduced, however, the reduction is not dollar for dollar. Loans are only reduced if your total financial aid exceeds the cost of attendance.
Stanford GSB considers employer sponsorship or employer forgivable loans as external financial resources for the purpose of determining financial need and fellowship eligibility. Typically, students who receive employer loans or sponsorship are not eligible for Stanford GSB fellowships.
Loans for U.S. Citizens and Permanent Residents
- Federal Direct Unsubsidized Stafford Loan
- Federal Direct Graduate PLUS Loan
- Private loans
Applicants to the Stanford University full-time MBA must have completed a Baccalaureate degree or recognized qualifications equivalent to a degree. The admission rate is around 5.3 percent.
To apply to Stanford University’s full-time MBA program, applicants must submit a completed application form, official copies of transcripts from each institution attended, current résumé, and two letters of recommendation, including one professional/workplaces references and one personal. The school also requires applicants to submit two essays. Official GMAT score or GRE scores must also be sent in by applicants, along with a $275 application fee. However, work experience is not required. International applicants must prove proficiency in English. This can be done with eligible TOEFL, IELTS, or PTE scores. Stanford requires students submitting scores for these tests to earn at least 100 on the internet-based TOEFL, 600 on the paper-based TOEFL, 7.0 on the IELTS or a 68 overall on the PTE.
All interviews are by invitation only. Candidates invited to interview are considered competitive for admission.
2021-2022 Stanford Full-Time MBA Application Deadlines
Round 1 September 9th, 2021
Round 2 January 5th, 2022
Round 3 April 12th, 2022
How has Stanford coped with the pandemic?
Classes are presented in a hybrid format to allow students to attend classes on campus as well as learn virtually.
Working on your Stanford University full-time MBA application? Check out the Clear Admit Stanford GSB Essay Topic Analysis for advice on how to approach your essays.
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