The first thing that an MBA aspirant has to do as part of research is to list the acceptance rate of the shortlisted Business Schools. The acceptance rate of top 10 Business schools are much lower (10-12%), not just because of the high standards but because most applicants will apply to top schools as part of the dream school application strategy.
Applicants with 550 – 680 GMAT scores are also not behind this process, as most of these applicants will apply to Harvard, Booth, Stanford, Wharton or Columbia. This has a dramatic impact on the total number of applications.
Another reason for the volume is the global recognition that Stanford earned and the reputation that the school favors Entrepreneurs of all nature (aspiring, in the middle of transition and established). The truth is that there is a subtle difference in who the admission team accepts and there is no hard and fast rule that only one type of Entrepreneurs is accepted. A big part of improving your chance for acceptance is to articulate a consistent story and break down your motivation. Truth travels through the clutter if you know how to remove unnecessary adjectives and articulate a clear motivating story.
If you look at the applicants for Stanford...
Finance and Consulting were the two favorite industries before the 2008 crisis. Following the meltdown, recruiters from Technology began poaching MBA candidates from Finance background. The emergence of FinTech helped companies find talents in the intersection of the two industries. As applicants, it comes down to who offers the best base salary and guaranteed compensation. The total guaranteed compensation determines your ROI while the incoming class and the brand reputation among recruiters influence the number of offers.
Industry (Harvard MBA)
Harvard MBA program is known for the high median base salary. The latest class received $135,000 with 66% of them earning a median signing bonus of $25,000.
Consulting, Consumer Products, Investment Banking, and Consumer Electronics were particularly generous in offering signing bonus with the majority of candidates receiving guaranteed compensation in the range of $25,000 to $50,000.
Venture Capital/Leverage Buy Out/Private Equity - the most popular sub-industry in Finance only offered 37% of its candidates a signing bonus. However, the Base Salary of $152,000 beats the Consulting median Base Salary, encouraging 41% of applicants to choose Financial Services...
In a span of just 10 years (1999 to 2009), the US Economy went through two booms and busts. The 2001 bust was the result of irrational exuberance that you see when new technology has not found a foothold on the market. Speculators jack up the price. Real investors play along. And then all go to the dust. 2001 was the period when taking the Business online no longer was a lottery for exponential growth but became the new reality of doing Business.
The 2008 financial meltdown nearly brought down world economies, prompting the govt. to offer a $700 billion bailout – the largest Financial Rescue plan in US history. Officially called, the Emergency Economic Stabilization Act of 2008, the plan bought non-performing loans in auto, mortgages and college tuition. The turnaround happened when the Congress passed the Recovery Act in Feb 2009. It took a year for the Act to see results when private employers outperformed govt. recruitment, adding 17.6 million jobs from March 2010 to Nov 2017 at an average of 190,000 jobs. 2008 also triggered the longest period of high unemployment rate – a trend that was reversed only in June 2015.
In such a dynamic time, it is only fair to evaluate two sought-after MBA...
Essay B: Why Stanford? (400 Words) - Tips
Since you have a complete overview of the curriculum, the study options, and the student clubs, it is time to answer Essay B that asks specifically about ‘how your short-term goals will be fulfilled with a Stanford MBA.
Why Stanford MBA – Career Growth (Courses, Clubs, and Alumni)
When 31% of the class of 2016 chose the Finance Industry post-MBA, there is a clear trend. There is nothing wrong in following it. In fact, applicants who try to be ‘different’, and cite unconventional career paths – Govt. or creative do not often get through the admission process.
Underneath, all the essays about motivation, you have to understand that MBA Admissions is a well-oiled veto process for Employment. Sure, the MBA program will give you the confidence, and the skills, but if the quality of the entering class were to be compromised, the smooth transitioning from pre-MBA to post-MBA for Stanford candidates would get affected. Brand value of the program depends on Stanford's post-MBA salary and career options.
Schools reserve a small percentage of seats for the exception – the low GMAT scoring high performer, but almost all top schools...
Finance overtook Consulting to attract the highest median base for the Class of 2016.
The lowest median Salary by industry went to Consumer Packaged Goods, followed by Transportation and Logistics Services, Healthcare, Media/Entertainment, and Real Estate. As expected, the highest signing bonus went to Finance and Consulting, taking them to the top of the tally for Total Salary (Median) as well.
The return of Finance job function as the favorite after the 2008 financial crisis has finally reached full momentum when 32% of the class opted for the function. PE (Private Equity) Analyst earned the largest base salary ($200,000). The $20,000 signing bonus and $100,000 in other guaranteed payments, takes the total salary to over $300,000; almost instantly getting the cost of the Stanford MBA program back within a year. Of course, with a higher pay, lifestyle needs changes, stretching the ROI period to a feasible 3.5 years.
Understandably, PE and Investment Management have the most...
MIT Sloan and Stanford GSB are two of the top Business Schools in the world. Both are next door to exceptional undergraduate programs that regularly usher in radical new technologies. Along with other schools on campus, both Sloan and GSB are well known for its world-class entrepreneurial environment. Students with a tech background and an entrepreneurial attitude are naturally drawn to the schools, at times facing the dilemma of choosing one over the other. We have picked five factors for your consideration before picking one over the other.
Stanford is in sunny California, while MIT is in the colder city of Boston. For many this might not be a deal breaker, but knowing that Bostonians have to weather, an 8-month of depressively low temperature while Californians can find warm weather in all four directions is a deal breaker for MBA applicants who want to experience the city while sharpening their negotiation and leadership skills in the class.
Stanford has a large campus, and is located in Palo Alto, a suburban area, with fewer transport options, and almost no other college students around except for those at Stanford. Sloan is in the city, with all major...
The Stanford GSB What matters most essay tips will demonstrate how to highlight the five personality traits to stand out from the competition.
Essay A: What matters most to you, and why? (750 Words)
Answering the ‘What Matters most to you and why” require understanding the audience you are targeting. The latest Stanford MBA Admission team is a perfect mix of Eastern and Western minds. To appeal to the common ethos of the MBA admission team and the values of Stanford GSB, you have to understand the expectations.
If you write what the MBA Admission team wants to hear – “Socially Responsible Professional/Entrepreneur,” without showing any personal ambition to balance your social responsibility, your truth will get lost in the message.
Balance is the key here.
The more vividly you can explain your career path, the more likely you will follow through and the more believable it would be for the Admission team. Use phrases and words that show intent. When you have a clear idea about the curriculum, it will come across in the essay.
We recommend that you take a print out of the first 15 pages of this Essay Guide where we have...
The Admission team is looking for candidates who combine humbleness, agreeability, openness, and conscientiousness. In addition to the four main characteristics, the candidate should show a mix of risk-taking, creativity, and extroversion.
Now let us start writing – “What matters most to you, and why? “.
We have shared a sample Stanford MBA Essay A.
Don’t use any part of the sample essay for your Stanford MBA Application.
Read and find inspiration.
Sample Stanford MBA Essay A: What matters most to you, and why? (750 Words)
In a world where violence is the norm, it is easy to get Cynical about the future. When the world becomes a large pool of cynics, they are blinded from the opportunities that lay ahead. Giving up is easy. Fighting on despite the injustice and the uncertainties is what has made us humans survive over 200,000 years. I take pride in our ancestor’s ability to fight even greater uncertainties, but life for me is more than a fight, it is about the experiences that delights and tests me.
Without balancing the four building blocks of my life - personal, professional, social, and spiritual, my foundation will be shaky.
Social: I look forward to building a close group of friends in Stanford GSB, and contribute with my actions, solutions, or just...
The first year focuses on the foundation of General Management: Finance, Leadership, Marketing, Operations, Human Resource Management, and Informed Decision Making.
First Quarter Courses (Autumn)
Ethics in Management
Post-2008 Financial crisis, MBAs were labelled as the “Wall Street Crooks,” even worse, one of Stanford’s own MBA - Mathew Martoma, was sentenced to a 9-year jail term for profiting his company a whopping $276 million in a single transaction through insider trading. It is not just that Martoma profited through unethical means, he even lied his way through MBA Admissions.
Although Ethics in Management as a required MBA course might be in the pipeline before the 2008 crisis, the course provides a framework for making ethical decisions on a day-to-day basis, and in, group decisions where ethical perceptions of people collide. To avoid scenarios where group decisions override ethical decisions, the course offers guidelines for ethical analysis, to overcome ethical dilemmas, and to deal with the practical issues of convincing people, who have to make a decision between choosing an ethical decision that generates lower profit or an unethical decision that accumulates a windfall profit.
Reading and understanding corporate financial statements can be completed as...
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.
Download F1GMAT's Analysis - Stanford MBA Curriculum
Stanford MBA Class profile
For the Class of 2016, Stanford Full-time MBA program received 7,355 applications,...
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