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The Stanford Graduate School of Business (also known as Stanford GSB) is the graduate
business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, or ...
of
Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is conside ...
, a
private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...
research university A research university or a research-intensive university is a university that is committed to research as a central part of its mission. They are the most important sites at which knowledge production occurs, along with "intergenerational kn ...
in
Stanford, California Stanford is a census-designated place (CDP) in the northwest corner of Santa Clara County, California, United States. It is the home of Stanford University. The population was 21,150 at the 2020 census. Stanford is an unincorporated area of ...
. For several years it has been the most selective business school in the United States, admitting only about 6% of applicants. Stanford GSB offers a general management
Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
(MBA) degree, the MSx Program ( MS in Management for mid-career executives) and a
PhD PHD or PhD may refer to: * Doctor of Philosophy (PhD), an academic qualification Entertainment * '' PhD: Phantasy Degree'', a Korean comic series * '' Piled Higher and Deeper'', a web comic * Ph.D. (band), a 1980s British group ** Ph.D. (Ph.D. al ...
program, along with joint degrees with other schools at Stanford including
Earth Sciences Earth science or geoscience includes all fields of natural science related to the planet Earth. This is a branch of science dealing with the physical, chemical, and biological complex constitutions and synergistic linkages of Earth's four spheres ...
,
Education Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty ...
,
Engineering Engineering is the use of scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad range of more speciali ...
,
Law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. It has been vario ...
and
Medicine Medicine is the science and practice of caring for a patient, managing the diagnosis, prognosis, prevention, treatment, palliation of their injury or disease, and promoting their health. Medicine encompasses a variety of health care pr ...
. The GSB also offers Stanford LEAD Business Program, an online professional certificate program.


History

The school was founded in 1925 when trustee
Herbert Hoover Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Gre ...
formed a committee consisting of Wallace Alexander, George Rolph,
Paul Shoup Paul Shoup (January 8, 1874 – July 30, 1946) was an American businessman, president and later vice-chairman of the Southern Pacific Railroad in the 1920s and 1930s, a founding board member of the Stanford University School of Business, and foun ...
, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding. 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. The school moved from Jordan Hall to new quarters in the History Corner of the Main Quad in 1937. Jonathan Levin was appointed as the 10th dean of the school in September 2016.


Campus

The Knight Management Center is situated within the greater Stanford
campus A campus is traditionally the land on which a college or university and related institutional buildings are situated. Usually a college campus includes libraries, lecture halls, residence halls, student centers or dining halls, and park-li ...
. 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 Ricardo Legorreta Vilchis (May 7, 1931 – December 30, 2011) was a Mexican architect. He was a prolific designer of private houses, public buildings and master plans in Mexico, the United States of America and some other countries. He was awarde ...
. 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. Stanford GSB maintains very close links with the
venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...
, finance and technology firms of nearby
Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo Cou ...
.


Academics

Stanford GSB offers a traditional
Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
(MBA) program typically completed in two years, a
Master of Science A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast t ...
("MSx program") typically completed in one year, and a doctoral (PhD) program. 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 The Sloan Fellows program is the world's first mid-career and senior career master's degree in general management and leadership. It was initially supported by a grant from Alfred P. Sloan, the late CEO of General Motors, to his alma mater, MI ...
programs, sharing a similar format with the others at the
MIT Sloan School of Management The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs ...
and the
London Business School 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 (Master's degrees in management and finance, MBA and PhD). Its motto is " ...
. These programs were initially supported by Alfred P. Sloan, Chairman of
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
from 1937 to 1956, who envisioned the Sloan Fellowship in his alma mater of
MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
in 1931.


Academic partnerships

Stanford GSB has a number of relationships with other business schools. It offers a number of Executive Education programs jointly with
Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...
. It also offers one of the three Sloan Fellows programs, coordinating with the others at the
MIT Sloan School of Management The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs ...
and the
London Business School 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 (Master's degrees in management and finance, MBA and PhD). Its motto is " ...
.


Stanford LEAD Professional Certificate

The Stanford LEAD Business Program (LEAD is an acronym for learn, engage, accelerate, and disrupt) 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. The annual me2we conferences have grown to become quite large, and the program's 1,800 LEAD alumni can join remotely.


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 The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...
on the faculty ( William F. Sharpe 1990,
Myron Scholes Myron Samuel Scholes ( ; born July 1, 1941) is a Canadian-American financial economist. Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-origin ...
1997,
Michael Spence Andrew Michael Spence (born November 7, 1943) is a Canadian-American economist and Nobel laureate. Spence is the William R. Berkley Professor in Economics and Business at the Stern School of Business at New York University, and the Philip H. Kni ...
2001,
Guido Imbens Guido Wilhelmus Imbens (born 3 September 1963) is a Dutch-American economist whose research concerns econometrics and statistics. He holds the Applied Econometrics Professorship in Economics at the Stanford Graduate School of Business at Stanfo ...
2021), five recipients of the John Bates Clark Award, 19 members of the
American Academy of Arts and Sciences The American Academy of Arts and Sciences (abbreviation: AAA&S) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, a ...
, and four members of the
National Academy of Sciences The National Academy of Sciences (NAS) is a United States nonprofit, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the Nat ...
. William F. Sharpe's research interests focus on macro-investment analysis, equilibrium in capital markets and the provision of income in retirement. Myron Scholes’ research has focused on understanding uncertainty and its effect on asset prices and the value of options, including flexibility options. Michael Spence's research interests focus on the study of economic growth and development, dynamic competition and the economics of information.


Rankings

In recent rankings, GSB was ranked 3rd by '' U.S. News & World Report'', 1st by ''
Bloomberg Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...
,'' 1st by
QS Top Universities
', and in the ranking aggregator
Poets & Quants
' Stanford's MBA Program was ranked 1st in the US. The Stanford Graduate School of Business is the most selective business school in the United States. 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 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 The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services to both retail and instit ...
), and Highland Hall.


Donations

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 Nike, Inc. ( or ) is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered ne ...
. 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 market An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or wer ...
s. A portion of their gift is used as a matching incentive to encourage other donors to give to SEED. The gifts by King and Knight are marked as the second and third largest philanthropic pledges to a business school. 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.


Alumni

There are 26,309 living
alumni Alumni (singular: alumnus (masculine) or alumna (feminine)) are former students of a school, college, or university who have either attended or graduated in some fashion from the institution. The feminine plural alumnae is sometimes used for grou ...
, including 17,803 alumni of the MBA program. Stanford Graduate School of Business is renowned to have produced a remarkable number of successful business leaders and entrepreneurs, many among the world's wealthiest, from its alumni base.


See also

*
List of business schools in the United States The following is a list of business schools in the United States. Business schools are listed in alphabetical order by state, then name. Schools named after people are alphabetized by last name. Accreditation bodies for business schools in the Unit ...
*
List of United States business school rankings List of United States business school rankings is a tabular listing of some of the business schools and their affiliated universities located in the United States that are included in one or more of the rankings of full-time Master of Business A ...


References


External links

*
Graduate School of Business, 1974-2003
collection of oral histories, Stanford Historical Society Oral History Program.
Stanford LEAD website
{{Coord, 37.4280, -122.1612, display=title
Business Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separ ...
Business schools in California Educational institutions established in 1925 1925 establishments in California