Are keen on going to the US to pursue an MBA program? If yes, then Stanford Business School is the place you ought to be! We will give you a detailed overview of Stanford Business School, ranging from the courses it offers to career opportunities after you graduate.
Stanford Business School
Founded in 1925, Stanford Graduate Business School (GSB) is one of the four academic schools at Stanford University. The Stanford Business School is one of the most prestigious business schools in the US. It has been ranked in the first position by both the U.S. News and World Report and by the QS Global MBA ranking. For several years, it has been a very competitive school a candidate can apply to, with an acceptance rate of only 6%. The Stanford Business School is located in Stanford, California and offers various management programs including an MBA. It has also collaborated with Harvard School of Business, MIT Sloan School of Management, and London School of Business to offer integrated programs.
We will give you a detailed overview of the Stanford Business School.
The courses offered at Stanford Business school are as follows:
- Masters of Business Administration: The Stanford GSB offers a two-year MBA program.
- Master in Science in Management for Experienced Leaders Program (MSx): The MSx is a one-year course specially designed for those who wish to transition into leadership positions amidst their careers.
- Joint-Degree Program: The joint-degree program offered by Stanford GSB allows its students to combine their MBA degree with various degrees offered by the school of law, education, engineering, public policy, and environmental studies.
Now that you are aware of the courses offered at Stanford GSB, let us have a look at the eligibility criteria for these courses. The eligibility criteria for the management courses at Stanford GSB are as follows:
- You must have a GPA of 3.8 or above or an aggregate of 85% or above in your undergraduate degree.
- You must have scored 733 or above on the GMAT.
- You must have a minimum of 4 to 5 years of work experience.
- You must be proficient in the English language.
- You must have a TOEFL score of 105 and above.
- You must have a well-drafted SOP with a clear indication of your leadership qualities.
These are the general criteria for the management programs at Stanford GSB. However, if you are planning on applying for the MSx program, you will be required to write an additional essay. The additional essay should describe how you have reflected on your career and how you would envision it. It should also articulate your motivation to pursue the MSx program and how pursuing the program will prove to be beneficial for you in the future.
Fee Structure and Scholarships
The fee structure for the following programs is as follows:
|Course Offered||Tuition Fee|
|MBA Program||USD 73,000+|
|MSx Program||USD 73,000+|
|Joint-Degree Program||USD 73,000+|
As you can see, the tuition fee for each management program at Stanford GSB is quite high. However, Stanford offers financial aid and need-based scholarships to its international students. So, let us have a look at the financial aid and scholarships offered by Stanford GSB.
Financial Aid and Scholarships at Stanford
There are various financial aids and scholarships offered by Stanford to its international students. Most of the scholarships offered are need-based scholarships. This means you will be required to present financial proof such as bank statements to demonstrate the need for financial assistance.
The Stanford GSB Need-Based Fellowship is offered to those students who can showcase the need for financial assistance. The fellowship is open to all nationalities and covers up to USD 40,000 every year till the completion of the program. This amount needn’t be repaid and is offered to the most deserving candidates. Apart from this, the Stanford GSB has a dedicated Financial Aid Office that assists its students in taking loans for the duration of the program. These loans are offered to both domestic and international students. However, to apply for a loan, you will have to fill out an application depicting the need for an educational loan. The Financial Aid Office decides what kind of loan and the amount it covers based on your application and the status of your citizenship.
Career After MBA at Stanford GSB
You might wonder, “what happens once I graduate from Stanford GSB?”. Let us answer this question by giving you a quick overview of the career opportunities.
According to the Stanford MBA employment report in 2020, over 91% of Stanford graduates have been employed. Out of the 91%, over 85% have received job offers within three months of graduation and about 18% of the 2020 batch have initiated their own ventures. Additionally, about 71% of the graduates are bound to receive a performance bonus within the first year of their employment. Some of the career opportunities available to you and the corresponding salary are as follows:
|Executive Management||USD 175,000|
|Software Development||USD 135,000|
|Project Management||USD 133,000|
|Financial Management and Strategy||USD 150,000|
|Consulting and Accounting||USD 143,000|
According to the above table, it is safe to say that pursuing an MBA at Stanford yields a higher return on investment. Additionally, we have listed the approximate starting salary. As you gain more work experience and expertise, your salary is bound to increase exponentially.
We hope this detailed overview of Stanford Business School — courses offered, its eligibility criteria, fee structure, scholarships offered, and career opportunities offered after you graduate — helped. So, if this is where you want to be, get started with your application process.