Stanford Graduate School of Business has announced the essay questions for the Class of 2018. Applicants are required to write two personal essays.
Stanford MBA Essay Questions for the Class of 2018
Essay A: What matters most to you, and why? (750 Words)
a) Do an honest self-analysis, and share the events, people, and values that have defined you as the person, today.
b) Focus on the ‘Why’
Essay B: Why Stanford? (400 Words)
a) How Stanford will help you achieve your short-term goals
b) Why you want to do an MBA, now?
c) What will be your interests once you join the Stanford MBA program
1) Use Arial, Courier, or Times New Roman 12-pt font
2) Use Double Space when necessary
3) Mark Page Numbers
4) Upload just one document that should contain both the essays
5) Before uploading make sure that the format is preserved
According to 2014 Employment Report, 17% of the graduating MBA class at Stanford were starting a new Business. This is a surprisingly large number for any Business School in the world. Not for Stanford though. Since the 1930s, Stanford entrepreneurs have founded companies that generated revenues of $2.7 trillion annually while creating 5.4 million jobs. 55% of the entrepreneurs chose Stanford because of its entrepreneurial environment.
Google, Hewlett-Packard and Cisco Systems are among the 39,900 companies that originated from Stanford. If we combine them as a country, it will be the #10 economy in the world. Some of the renowned non-profits originating from Stanford are Kiva, a microfinance organization, and The Special Olympics and Acumen Fund that assist entrepreneurs in developing economies.
While the above stats are for Stanford as a whole, MBA graduates have only benefitted from this environment....
Stanford Full-time MBA is a 24-month program with the 2016 class setting a new record in the history of Stanford GSB for the largest class with 410 students. The diverse group of students for the latest class was chosen through a rigorous MBA Admission process that accepted applications from 7355 aspirants with an acceptance rate of 5.5%. The sparks of innovation that Stanford is known for has to do with the talented group of MBA candidates but the environment - the pleasant “The Knight Management Center Campus” in Bay Area, Northern California, is the perfect fertile ground for new ideas. The vicinity to some of the best innovators in the world – Intel, Google, Facebook and Apple, lends an inspiring learning experience for MBA candidates.
Stanford MBA Curriculum
Stanford MBA follows a more traditional curriculum structure with the courses divided into Year One and Year two curriculum. What makes the courses different from Harvard, is the focus on Critical thinking and Ethics at the start of the program.
Year One Curriculum
Apart from starting the program with Critical...
Stanford Graduate School of Business has announced the Essay Questions for the Class of 2017, entering Fall 2015. The total word count has come down to 1100 and the number of essays to 2.
Essay A: What matters most to you, and why? (750 words)
Essay B: Why Stanford? (350 words)
Formatting and other Essay Guidelines
1) Double Spaced 12-pt. font size
2) Font types: Arial, Courier, or Times New Roman
3) Mark the Question you are answering
4) Mark the page numbers
5) Upload only one document that includes both essays
Stanford MBA Essays for 2014-15 has been released. The number of essays has come down from three to two, and the second essay question has been rephrased, with the word count going down to 350 words from 450.
In this Stanford MBA Essay Tips article, we will cover the qualities that Stanford GSB value, the strategies that will help you with a productive writing process, and tips to answer each question.
Stanford MBA Essay Questions for Class of 2017 (Entering Fall 2015)
Essay 1: What matters most to you, and why? (750 words)
This essay requires you to do a thorough self-examination. To start the process, list the important events in your life in chronological order
How did it make you feel?
What motivated you to achieve the goals?
Did you achieve a bigger goal for your society or team?
b) Failures – Lessons learned & Values created
Stanford MBA Admission Blog has recently started a series revealing some of the myths about MBA Admission to Stanford GSB, and has debunked quite a large set of myths related to recommendation letter, interviews, work experience, campus visit, and essays. We have summarized the main points in this Stanford MBA Admissions FAQ article:
1) Essays & Recommendation letter > Interviews
Essays & Recommendation letter has a slight preference over interview. Remember that the interviews offer supplemental information. The main information about candidacy (motivation, interests, strengths, & weakness) is conveyed through the essays & recommendation letters.
2) Interview Invite Order – Not Significant
The order in which interview invites are sent does not reflect on the chance for admissions. It simply means the order in which the applications were reviewed.
3) Don’t Visit Campus To Increase Chance for Admissions
To convey your interest in the MBA program...
Stanford GSB has joined the group of top Business Schools that have developed its massive open online course. The first course as part of the platform is titled “The Finance of Retirement and Pensions.” Earlier, University of Pennsylvania Wharton had made available its entire Foundation Courses online, starting from the month of Sep-October.
Course Title: FINANCE OF RETIREMENT & PENSIONS
Course Duration: Eight-Weeks
Start Date: 14th October 2013
End Date: December 13, 2013
Instructor: Joshua Rauh (Professor of Finance, Stanford Graduate School of Business)
Key Learning Objectives
• Investing in stocks, bonds, or annuities
• Learn Financial Concepts for a sound retirement
• Retirement Plan Investment
• Pension Fund Management
• Understanding of diversified stocks
• Understanding of basic statistical concepts like media, standard deviations and means
• Has an understanding of concepts about probability...
Africa is often not targeted by top Business Schools when it comes to MBA Admissions. But Stanford Graduate School of Business fellowship program, started in 2013, shows that the trend is changing. Schools have now realized that the next wave of growth will be in Africa, and the region requires trained management professionals. To meet this need, and to encourage management students to work in this region and contribute towards the economic and social development of this region, Stanford GSB has announced The Stanford Africa MBA Fellowship Program.
No of Awards: 8
Requirement: Within 2 Years of graduating from Stanford GSB, Students should work in Africa for 2 Years
For Details, visit Stanford GSB Africa Fellowship Page
With the Final Round of MBA Admission nearing, Stanford Graduate School of Business has opened registration for Campus Visits. As Stanford MBA Admission aspirants might know, the First Round of Stanford MBA Admission Deadline is in October. However, the school’s Academic Calendar does not allow Campus visit during that time.
For MBA Aspirants entering during the fall of 2014, this is your chance to register for a campus visit and learn more about the program, up close.
There are two advantages:
1) You can be at Stanford when the weather is great
2) Campus visits are ideal for your research. Here is an excerpt from the article - 3 Tips for Business School Campus Visit
“Too many people think of a campus visit as a chance to show off and impress the school. This is a poor use of your energy, for a couple of reasons. First, a campus visit is all about acquiring information – info that will help you choose your list of schools and info that will help you gain admission in the first place. You are on an investigative mission, not an audition. Second, MBA programs simply will not know whether you were amazing or an abomination. No business school has the resources to closely...
Business Simulations are an extension of the traditional classroom lectures and case-study method of teaching in an MBA Program. The real value of this tool comes from testing what you have learned through these simulations.
How valuable are these simulations?
It gives students the ability to take the type of risks that normally cannot be taken in real life. By observing the consequence of these actions, students can learn about themselves and how various elements in a Business Environment influences each other. Simulations require collaboration with team members and teach students to think for the team and effectively communicate with each other. The learning experiences develop team building, leadership and problem solving skills.
The Simulation Games can be broadly categorized based on the learning function – Communication, Finance, Sustainability, Leadership & Teamwork, Marketing, Strategy, Supply Chain, Change Management, Venture Capital, Entrepreneurship, Economics and Pricing, and Statistics.
Let us look at some of the best simulation games used in top Business Schools.
The Tip of the Iceberg cultural team is a...
CommonBond, has recently announced that it will disburse $2.5 million in student loans at Wharton, benefiting as many as 50 students. What makes this significant is that the loans are funded by Wharton alumni itself. CommonBond is a startup founded by Wharton Alumni. They oversee the disbursal process. At the heart of CommonBond's effort is a philanthropic quest - a positive social change. A case in point is that for every fully-funded degree, the company will sponsor a child's education, for a year in partnership with the African School for Excellence.
The news is a boost to the nascent alumni-sourced loan industry, which seeks to ease the difficulties faced by MBA students looking for loans. Students do not have to put up with the intense scrutiny and paperwork, which they must go through otherwise. And even more significantly, the interest rates are just 6.24%, lower than the lowest Federal loan rate of 6.8%. Private loan rates go even higher, averaging around 12%. Alumni who contribute to the loan pools get returns of above 4.25% - profits with a cause attached. What's more, the risk factors are very low. The 10-year cumulative loss rate estimated for the Wharton loan pool is around 0.70%.
An efficient, agile and quick supply chain is a major prerequisite for any successful company today. As the world globalizes, product components are sourced from far away countries, and markets grow to encompass the world. Apple for instance sources its ARM processors in Texas, screens from Korea and assembles products in Asia, mainly China. Today, a supply chain is a complex system of technologies and processes that calculate real-time demand and responds immediately through a network of suppliers, employees and customers. While supply chains were once driven by products, they are today driven by customer demand. The best supply chains combine operational excellence and innovation.
An MBA in supply chain management uses a cross-disciplinary approach, covering Operations Management, Inventory Management, Quality Management, Supply Chain Technology Management, Logistics, Marketing, Strategy and MIS. People who wish to have a career in this field should be adept at critical thinking, analysis, management and strategy. They must be able to evaluate issues and solve them on a global scale. Strong financial, leadership and team playing skills are also vital.
Tasks involve choosing and...
Stanford MBA AdCom has debunked myths about MBA Admission, Recommendation letter and Interviews in their blog. Here is the summary:
Stanford MBA Admission Myth Debunked
1) Regular Updates: You will not receive regular updates about your MBA Application status. The statuses that would be visible to applicants are:
b) Under Review
On the day of the decision, you will receive a link to the decision letter in ApplyYourself.
2) Full Time work experience: This does not include experience during or before your undergraduate degree. Include months of experience from completing your undergraduate degree until Sep 1, 2013.
3) Campus Visit: Visiting Campus does not increase your chance of admission other than helping you with your research. There are many International students who is admitted without any campus visits (You can bookmark Stanford MBA or Business School Research pages for your Research).
Stanford MBA Recommendation Letter Myths Debunked
1) More Recommendation Letters are Not Better: Presenting your profile in required number of recommendation letters is better. More is not...