stanford mba cost

Last Updated on December 14, 2022 by

Founded in 1925, The Stanford Graduate School of Business commonly called Stanford GSB or the GSB is one of four graduate schools in the Stanford academic facet. Located specifically at 655 Knight Way Stanford, California, the university is one of the coveted names in the US Education System that is accredited by the Association to Advance Collegiate Schools of Business.

The institute offers an array of diverse courses for its international applicants including 3 exceptionally brilliant programs namely MBA Program, Stanford MSx Program, and Ph.D. Program. The school comprises an unparalleled faculty comparing 3 Nobel laureates, 5 recipients of the John Bates Clark Medal in Economics, among others that ensure quality education for all the candidates seeking to study in the USA.

Admissions at Stanford Graduate School of Business follows different application deadlines for its various programs but is mainly available in the month of September for fresh intakes. Candidates applying to an MBA program at the intute must deposit a nonrefundable fee of 275 USD. It is a highly selective school in the country with an acceptance rate of merely 6%.

Rankings

The institute is ranked by various surveys at the following positions:

  • 1st in the list of Best Business Schools by U.S. News and World Reports in 2020
  • 2nd in the list of Best U.S. Business Schools by Forbes in 2019
  • 1st on FT’s list of World Best Business Schools in 2018

Highlights

Type of UniversityPrivate
Number of Postgraduate Seats9297
Percentage of International Students42%
Basic Tuition Fee, Graduate Canadian Students95,367 CAD
Basic Tuition Fee, Graduate International Students73,062 USD
Test Scores AcceptedGMAT, GRE, TOEFL
English language proficiency scoreTOEFL or equivalent
Financial AidAvailable as awards and scholarships
Websitewww.gsb.stanford.edu

Programs, Campus and Accommodation

Campus

  • Encompassing a useful area of 8,100 acresthe Stanford University campus houses the GSB.
  • The institute is cited within the Knight Management Center, which is located within the greater Stanford campus.
  • There are ten main buildings inside the Knight Management Center that serve the school’s structural purposes.
  • The institute incorporates the LEED Platinum-certified complex which offers classrooms, cafes, meeting places, student services, the Stanford Venture Studio for aspiring entrepreneurs, managers, and much more.
  • It also provides more than 50 student clubs and organizations for its students to be part of and participate in.

Housing facilities/Residence

  • The institute offers five On-Campus residential facilities plus two off-campus housing and living community
  • Room features include a queen bed or single bed, desk and chair, dresser, mirror, nightstand, and bookcase. Living room features include; the coffee table, sofa, two chairs, and two to four dining chairs.
  • Amenities available include refrigerator, window coverings, computer labs, oven, wall-to-wall carpeting, telephone, WiFi, stove, garbage disposal, Cable TV, barbecue area, washer and dryer, laundry rooms, meeting rooms and volleyball, basketball and tennis courts.
  • House types range from a single room to 1-, 2- 3-, and 4- bedroom flats, condos, suites, and apartments.
  • Houses are available for single and married students.
  • There are also options for private Off-Campus housing.
  • Adequate housing provisions are made for LGTBQ students at the institute
  • Students with disabilities can apply for special housing at the school.

Courses

  • The institute offers various courses for international students including three main degree programs in three facets namely, MBA Program, Stanford MSx Program, and Ph.D. Program.
  • Moreover, the Stanford MSx Program is a full-time, one-year accelerated master’s program in business for mid-career experienced professionals at Stanford GSB.
  • It offers an online professional certificate program called Stanford LEAD.
  • The institute also provides the Seed Transformation Program which is a 12-month program that helps entrepreneurs in Africa and India to gain leadership training and networking support.
  • There are seven areas of study at the Ph.D. level at the organization and they are: Accounting, Economic Analysis & Policy, Finance, Marketing, Operations, Information & Technology, Organizational Behavior, and Political Economics
  • The school also offers the special Executive Education to students
  • Joint and dual programs are offered at the institute to students too
  • Popular programs at the school include Finance, Business, Management, Marketing, and Accounting.

Stanford Graduate School of Business Application Process

How to apply?

Application portal:

  • MBA: The GSB online MBA application webpage
  • MSx: The GSB online MSx application webpage
  • Ph.D.: The GSB online Ph.D. application webpage

Application fee:

  • MBA: 275 USD
  • MSx: 275 USD
  • Ph.D.: 125 USD

Basic Admission Requirements

The requirements for various programs at the institute varies according to the type of programs and for some of the popular programs are as compiled below.

  • MBA: Four years bachelor degree or its U.S. equivalent, transcripts, GMAT & GRE, TOEFL (iBT): 100 or IELTS: 7 or PTE: 68, professional experience, two letters of reference, personal information, activities and awards and essays
  • MSx: Four-year bachelor’s degree or a U.S equivalent, transcripts, essay, GMAT or GRE, TOEFL (iBT): 100 or IELTS: 7.0 or PTE: 68, resume or CV, reference letters, work experience, and other personal information.
  • Ph.D.: Four-year bachelor’s degree, statement of purpose, resume or CV, three letters of reference, GMAT or GRE score, TOEFL (iBT) score (if applicable with a minimum of 100) and unofficial transcripts

Stanford Graduate School of Business Cost of Attendance

For the prospective candidates of the school enrolling in the upcoming year, an estimated budget for international students looking to study in the US has been tabulated below

Type of FeeMBA (USD)MSx (USD)Ph.D. (USD)
SingleMarriedSingleMarriedSingleMarried
Tuition74,70674,706132,900132,90054,31554,315
Living Allowance33,69355,92944,33273,53237,08049,080
Books and supplies1,6711,6711,4041,4041,3001,300
Materials and program fee900900250250
Transportation1,0502,2502,900 (plus study trips)4,2961,8401,840
Medical insurance5,9285,9287,7927,7925,9285,928
Health fee696696920920928928
Total118,644142,080190,498221,094100,491112,491
  • Ph.D. tuition is based on an 11-18 credit tuition and it’s tuition for regular graduates. Tuition varies per specific program.
  • Living expenses for Ph.D. students consist of food, personal expenses, and living costs.

Scholarships/Financial Aid

About 68% of students at the institute receive financial aid in the form of grants, fellowships, student jobs, and scholarships for international students to study in the USA. Statistics revealed that 54% of students at student receive financial aids in forms of scholarships and grants

Financial aids available to international students at the school are as follows:

  • OPEC Fund for International Development (OFID) Scholarship: The stipend covers a full scholarship of academic fees and living costs for one year of master’s degree study.
  • Social Management Immersion Fellowship with varying worth.
  • Aga Khan Foundation International Scholarship Program: The scholarship is a 50% grant scholarship.

Alumni Network

Alumni benefits include:

  • Special discounted access to Stanford pools and gyms
  • 15% discount on open-enrollment programs excluding the Stanford Executive Program
  • Unique alumni access to the private Stanford Golf Course
  • Access to 15% discount per class on Stanford Continuing Studies courses

Notable Alumni Include:

  • Jane Chen: Co-Founder of Embrace
  • Peter Fenton: General Partner, Benchmark
  • Koo Kwang-Mo: Chairman and C.E.O of LG

Placements

According to PayScale, the average salary of GSB graduates is 155,00 USD. MBA graduates’ employment statistics at the school in 2019 includes 15% of the graduating class were entrepreneurs; Of the total graduates, 94% of graduates received a job offer within three months of graduation.

The graduating class had a median base salary of 150,000 USD. Statistics showed that finance and technology were the top industries, attracting 33% and 24% of students respectively.

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