Stanford Business School Info and Admission Requirements
Stanford Business School currently stands as one of the most selective (if not the most) business colleges in the world. Less than 500 students gain admission from a pool of thousands of applicants. The prestigious institution is based in Stanford, California offers MBA, MSx, and PhD programs. As a student looking to join this institution, you should learn everything you can about it.
Stanford Business School Admissions: How Selection Is Done
Stanford Business School admissions is an all-inclusive process that takes into consideration various aspects. The assessment committee looks at an applicant’s achievements, experience, background, values, perspectives, and goals. Components such as academic excellence, test scores, admission interview, references all contribute to the admission decision.
To gain admission, you’ll need to have a GPA of about 3.8 and work to score 600 and 790 in your GMAT. Beyond that, the admission committee will assess your intellectual capacity, leadership skills, extracurricular accomplishments, and potential.
Stanford Business School Acceptance Rate: Your Chances of Admission
Stanford Business School acceptance rate stands at 6.1%. This number makes it the most challenging business school to get into in the US. The rate is much lower than for any other business college in the world. Any applicant hoping to gain admission must put in extra work to impress the school’s MBA admission committee.
Stanford’s GBS is the most competitive colleges there is for graduate studies. However, it’s not impossible to be among the 400 students who get in as long as you know what is needed. For the greatest chance of success, work on getting good academic and test score. Then, demonstrate your excellence in other things too.
Stanford Business School Application: Deadline & Essentials
Stanford Business School application can be made online on the institution’s website. You will need to have done the GRE or GMAT before the application. If you are an international student, English proficiency tests may be required (TOEFL, IELTS, or PTE). A $275 non-refundable application fee is charged for the MBA program.
The admission board also requires applicants to describe their education and professional experience. Admission can be done in three rounds every year- you can apply in September, January, and April. Additionally, applicants can use one application for both the MBA and MSx programs during the first or second round. Some essentials you will need to submit for admission consideration include:
Letters of reference (two for MBA);
Two personal essays (1,050 total word count);
Answers to two optional questions.
Stanford Business School Rankings in the Country
Stanford Business School rankings are unmatched. It ranks first in the US, ahead of Harvard, MIT, and other prestigious schools, alongside University of Pennsylvania: Wharton. Its specialties, including Accounting, Management, Finance, marketing, Project Management, and more, all hold top the ten positions.
Tuition, Boarding, and Financial Aid
The average Stanford business School cost in tuition for a full-time student is $74,706. The living expenses will be about $33,693 if you are single or $55,929 if you are married. With expenses for books and supplies, living allowance, medical insurance, transport, etc., the total costs are $118,644 – $142,080 a year. The institution calculates your expected contribution based on your financial status with fellowships and educational loans covering the balance.
Stanford Business School
#1 Business School
The Stanford Graduate School of Business (GSB) is the graduate business school of Stanford University. Stanford Graduate School of Business is a place where anything and everything is possible. It’s where the boundaries of knowledge are pushed beyond what’s imaginable. Where diverse ideas and perspectives aren’t just accepted, they’re encouraged and embraced. And in this unique environment of innovation and collaboration, principled leaders emerge. Faculty, students, staff, and alumni develop the courage to take risks, the passion to lead, and the motivation to make a positive impact — on themselves and the world. At Stanford GSB, they challenge conventional thinking, invite and embrace diverse ideas, and collaborate to change the world. This entrepreneurial mindset makes innovation and transformation possible. Growing up with Silicon Valley, this mindset is forever a part of their DNA.
Notification of the MBA admission board’s decision
15 September 2020
06 January 2021
06 April 2021
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How to Apply
All Steps of the Application Process
You are required to upload the copies of the transcripts while filling the online application form in. You must provide Stanford business School with the official transcript(s) only after you have been admitted. Any discrepancy between your unofficial and official transcripts could result in the withdrawal of your offer of admission.
All applicants must submit a valid GMAT or GRE score. Stanford business School accepts both exams and have no preference for one over the other. In response to the pandemic there is an option to apply online GMAT and GRE test scores are valid for five years from the date you take the test.
All the applicants are required to submit an English language proficiency score as part of the application process, if they haven't had a degree from a college or university that provided instruction entirely in English. So you are supposed to provide the admission committee with your TOEFL or IELTS test results. Stanford business School will accept the online test results due to the pandemic of COVID-19. The most important thing is that your test must be valid. If you are uncertain whether an English-language test is required, you may wish to take it as it might strengthen your candidacy.
You are required to write two essays for the application. Both essays combined may not exceed 1,050 words. We recommend up to 650 words for Essay A and up to 400 words for Essay B. We often find effective essays that are written in fewer words. The topic for Essay A: What matters most to you, and why? And the topic for the Essay B: Why Stanford?
You must provide the admissions committee with two recommendation letters.
The first one is from your current direct supervisor (or next best alternative) at work and the other one is from someone else who has supervised your work. You must not have any involvement in the drafting, writing, translation, or submission of the letters, including having any outside party review the letters before they are submitted.
The Stanford MBA Program application fee is $275 and is nonrefundable. You can pay the application fee by credit card, e-check, or debit card while in the online application.
After submitting your application you may be invited to have an interview. It might help the admission committee to learn more about you and, also, it might help you to find out more about Stanford.
You won’t be provided with the feedback during, or after, the interview.
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SBS welcomes students from around the globe. The admissions criteria applied in evaluating international applicants are the same as those for U.S. citizens. All application materials, including transcripts and recommendations, must be submitted online and in English.
You are required to upload the copies of the transcripts while filling the online application form in. You must provide Stanford business School with the official transcript(s) only after you have been admitted. Any discrepancy between your unofficial and official transcripts could result in the withdrawal of your offer of admission. All the transcripts must be translated into English. You are welcome, but not required, to submit transcripts for study abroad programs that were less than a year.
Since all courses at Stanford GSB are taught in English, you must demonstrate proficiency in English. You must provide the admission committee with the proofs that show your knowledge of English language. You are to take the TOEFL, IELTS or PTE (Pearson Test of English) to approve your ability to study and understand the information fluently.
The minimum score for the TOEFL is 100 ( for internet-based test), IELTS - 7.0 overall band score, PTE - overall score.
Stanford business school requires the TOEFL iBT (internet-based test) only the one that includes speaking.
For those applicants from Mainland China who are not able to take the TOEFL iBT due to COVID-19, Stanford will temporarily accept the TOEFL ITP Plus paper-based test with the Vericant interview.
The documents for the admissions process :
Information about all undergraduate and graduate institutions you are attending or have attended after high school (postsecondary school)
- Academic degree(s) pursued and/or received
- Grade point average (GPA)
- Transcript of courses
- Language proficiency test
- Admission essay
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