Stanford Graduate School of Business
From Wikicpa
The Stanford Graduate School of Business (also known as Stanford Business School or Stanford GSB) is one of the professional schools of Stanford University, in Stanford, California|Stanford, California. It is one of the leading business schools in the United States.
The Stanford Graduate School of Business offers a general management MBA degree and thus does not offer degrees in specialized areas such as finance or marketing, although it does offer certificate programs in public management and global management. The school also offers the Sloan Program, a one-year Master of Science in Management for accomplished mid-career executives, and a Ph.D. program.
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Background
The school was founded in 1925. There are three Nobel Prize winners on the faculty, and it has 15 members of the American Academy of Arts and Sciences, and three members of the National Academy of Sciences. Its faculty members maintain several joint appointments with affiliated research centers, most notably with the Hoover Institution on War, Revolution and Peace (also located on the Stanford campus). The GSB maintains very close links with the venture capital, finance and technology firms of nearby Silicon Valley.
The school operates with an annual budget of $110 million, and is the second wealthiest business school in the nation with an estimated endowment of over $750 million, roughly tied with Harvard Business School in per capita endowment. There are 23,759 total alumni, including 15,485 alumni of the MBA program.
Rankings
The school was ranked #2 in the nation by U.S. News and World Report in 2006. BusinessWeek magazine, which publishes its rankings every two years, currently ranks Stanford fourth. The Wall Street Journal, by contrast, ranked the Stanford MBA program at #39. In its biennial report "Beyond Grey Pinstripes", the World Resources Institute, and the Aspen Institute identified the Stanford Graduate School of Business as the leader among business schools that are incorporating academic content involving ethics, corporate social responsibility, and environmental sustainability into their curriculums and activities. The ranking was based on an extensive survey in which schools were asked to describe cases, research, and course content that address these issues.
Admissions Statistics and Student Profile
The school has historically been the most selective business school in the country. It has maintained the highest ratio of "applicants to available seats" of any business school for the last decade. It has also had the lowest acceptance rates (typically <10%) of any major business school in the world, with the exception of the Indian Institutes of Management. For the class which entered in 2005, approximately 8% of applicants were offered admission.
The school has approximately 370 students per year in its full-time two-year MBA program. It is relatively diverse compared to its peer institutions. The most recent entering class was approximately 32% female, 25% ethnic minorities and 35% international. Approximately 10% of the class entered the MBA program with other graduate or professional degrees.
Organizational relationships
Stanford GSB has a number of relationships with other leading business schools. It offers a number of 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. Recently, the school entered into an exchange program with Tsinghua University.
Prominent alumni
- Mukesh Ambani, Chairman/Managing Director, Reliance Industries Limited
- Herbert Allison, Chairman, President & CEO, TIAA-CREF
- Steve Ballmer (dropped out), CEO, Microsoft Corporation
- Sid Bass, Investor and billionaire
- Riley Bechtel, Chairman & CEO, Bechtel Group
- Jeffrey Bewkes, President & COO, Time Warner
- John Browne, Chairman & CEO, BP (formerly "British Petroleum"), Member of the House of Lords, knighted by the Queen
- Brook Byers, Venture Capitalist, Kleiner, Perkins, Caufield & Byers
- Chip Conley, Founder & CEO, Joie de Vivre
- James Coulter, Founding Partner, Texas Pacific Group
- Roger Deromedi, CEO, Kraft Foods
- Steve Ellis, Worldwide Managing Director, Bain & Company
- Richard Fairbank, Chairman & CEO, Capital One
- Robert Fisher, Chairman, Gap, Inc.
- Dr. Jean Pierre Garnier, CEO, GlaxoSmithKline
- Dana Gioia, Chairman, National Endowment for the Arts
- Seth Godin, Popular Business Author and Theorist
- Steve Jurvetson, Venture Capitalist, Draper Fisher Jurvetson
- Vinod Khosla, Co-Founder, Sun Microsystems, and Venture Capitalist, Kleiner, Perkins, Caufield & Byers
- Phil Knight, President & CEO, Nike, Inc.
- Howard Leach, U.S. Ambassador to France
- Henry A. McKinnell, Chairman and CEO, Pfizer Inc.
- Scott McNealy, Co-founder, Chairman, & former CEO, Sun Microsystems
- John P. Morgridge, Chairman, Cisco Systems
- George Needham, Founder, Chairman & CEO, Needham & Company
- Richard Rainwater, Investor and billionaire
- Charles R. Schwab, Chairman & CEO, Charles Schwab Corporation
- Robert Scott, President & COO, Morgan Stanley
- Jeffrey Skoll, Former President, eBay
- Steven L. Smith, Astronaut
- Carl W. Stern, President & CEO, Boston Consulting Group
- Steve Westly, Former CEO EBay, Candidate for Governor, California
- Miles White, Chairman & CEO, Abbott Laboratories
