Stanford Graduate School of Busines

The Stanford Graduate School of Business (also known as Stanford Business School, Stanford GSB, or GSB) is one of the seven schools of Stanford University, and is one of the top business schools in the world.

Stanford GSB offers a general management Master of Business Administration (MBA) degree, the MSx Program (which is a full-time twelve-month MS in Management for mid-career executives) and a Ph.D. program, along with a number of joint degrees with other schools at Stanford University including Earth Sciences, Education, Engineering, Law and Medicine. Stanford's MBA program is ranked #1 in the United States by U.S. News & World Report.[3] Among American MBA programs, Stanford has the lowest acceptance rate at 7.1%.

Background[edit]
The school was founded in 1925 when Trustee Herbert Hoover formed a committee of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding becoming the second graduate school of business in the country.[4] There are three Nobel Prize winners on the faculty, two recipients of the John Bates Clark Award, 15 members of the American Academy of Arts and Sciences, and three members of the National Academy of Sciences.[1] Its faculty members maintain several joint appointments with affiliated research centers. The GSB maintains very close links with the venture capital, finance and technology firms of nearby Silicon Valley.[5]

The school operates with an annual operating revenue of $156 million, and is the second wealthiest business school in the nation with an endowment of $1.3 billion, roughly tied with Harvard Business School in per capita endowment.[citation needed] There are 26,309 living alumni, 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.

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, Founder and Chairman of Nike, Inc.[6] The gift went toward construction of a $375 million campus, called the Knight Management Center, for the business school. Construction was completed in 2011. The business school comprises the Knight Management Center and the Schwab Residential Center (named after alumnus Charles R. Schwab, Founder, Chairman, and CEO of the Charles Schwab Corporation).

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.

Full-time MBA program[edit]