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MBA Courses at Stanford University

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Stanford University MBA/PGDM
What’s new?

What’s new at Stanford University for MBA? The Round 1 application deadline for Stanford MBA course is Sep 12, 2024, and the Round 2 application deadline is Jan 4, 2025(tentative).

The duration of Stanford MBA program is two years. Stanford University is quite selective when it comes to MBA admissions. To take admission to Stanford MBA course, the university considers the applicant’s academic performance and other components like test scores, essays, letters of recommendation, essays, etc.

Stanford University MBA Tuition Fees 2024

For a single student, Stanford MBA fees for 2023-24 is USD 79,860. In INR, this amount will be somewhat above 65 lakh. Besides the tuition fees, students will be required to pay the amount for living expenses like transportation, books & supplies, personal expenses, etc.

Stanford University MBA Entry Requirements 2024

To complete Stanford University MBA application, all the specified admission requirements must be met. These are:

  • A US bachelor’s degree or equivalent. For Indian students, a two-year master’s degree following the three-year bachelor’s degree is preferred but not required
  • A valid GMAT / GRE score
  • Provide personal details like date of birth, citizenship, family information, etc. along with other details of activities and interests and awards
  • As such, work experience is not required for entry to Stanford University MBA program. The university welcomes applications from recent graduates and college seniors, as well as those with all levels of work experience
  • Two letters of recommendation
  • Essays
  • Optional short application
  • English language proficiency scores

Stanford University MBA Selection Criteria 2024

Stanford University bases the evaluation criteria on the MBA applications overall and the factors that are considered include:

  • Background
  • Experiences
  • Perspectives
  • Aspirations
  • Values
  • Accomplishments

No single component of the Stanford MBA application such as academic performance, test scores, essays, letters of recommendation, work experience, or interview determines the admission decision. As a result, every aspect of Stanford University MBA application is considered. While evaluating the application, Stanford University considers other criteria such as how one leads, how one thinks, and how one sees the world.  

Stanford University English Language Proficiency Exams

Students wishing to opt for Stanford MBA must meet the English language proficiency requirements. The tests that are accepted for Stanford MBA admission are TOEFL, IELTS, and PTE. Check the minimum required scores from the table given below:

Test

Minimum Score

TOEFL iBT

100

IELTS (Academic)

7.0

PTE (Academic)

68

Stanford University Acceptance Rate  

Stanford University is one of the most reputed business schools abroad for MBA course. The admission statistics given below for Stanford MBA can give an idea about how competitive is this course.

Class of (Year)

Applications Received

Enrollments

2024

6,152

424

2023

7,367

426

2022

7,324

436

Read: Stanford MBA Acceptance Rate 2023

Stanford University MBA Admissions Dates 2023-24

The important Stanford MBA admission dates for 2024 are given below:

Application Round

Application Deadline

Admission Decision

Round 1

12 Sep 2024

07 Dec 2023

Round 2

04 Jan 2025

28 Mar 2024

Round 3

09 Apr 2024

23 May 2024

Stanford University MBA Rankings

The ranking trends for Stanford University MBA course are given below:

Ranking Body

2022

2023

QS Global MBA Rankings

#1

#1

Financial Times

#6

#4

Stanford University MBA Placements

The placement details given below are based on the graduating Stanford MBA class of 2022.

  • The median base salary was USD 175,000
  • 93% of job seekers in the class of 2022 received offers within three months of graduation and about 85% accepted a position in that time frame

Stanford University MBA Cost of Living for 2024

To pursue an MBA from Stanford, students must know the cost of attendance. For the first-year MBA 2023-24, the breakdown of expenses is given below:

Particulars

Expenses for a Single Student

Living expenses

USD 18,453

Housing

USD 20,271

Medical insurance

USD 7,128

Health fee

USD 753

Stanford University Vs MIT Vs Harvard University

Given below is the comparison of top-ranked universities for their MBA program.

University

QS Global MBA Ranking 2023

MBA Tuition Fees (1st-Year)

Stanford University

#1

INR 65.57 L

Harvard University

#2

INR 61.51 L - 70.73 L

MIT

#6

INR 69.14 L

(Note: The source for the above-mentioned MBA tuition fee is Study Abroad Shiksha and the tuition fee is subject to change).

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Stanford University MBA/PGDM FAQs

Q:   Is an MBA from Stanford worth it?

A: 

Stanford Graduate School of Business is one of the top-ranked MBA programs in the U.S and graduates here are paid amongst the best globally.

  • The median base salary reported by the graduates of 2022 was USD 175,000
  • 93% of graduates received job offers within 3 months of graduation and about 85% of graduates accepted job offers in that time frame 
  • Top industries were Finance, Technology and Consulting 

Q:   Which university is better for an MBA - Stanford University, Harvard University or IIM Ahmedabad?

A: 

Stanford University and Harvard University are among the top MBA universities in the USA on the other hand IIM Ahmedabad is among the top IIMs in India to study MBA program. They all offers the best MBA programs to students and also provide better career oppurtunities to thier graduates. We have compared them below in terms of MBA fees and placements:

UniversitiesMBA First Year FeesMBA Average Salary
Stanford UniversityINR 32 L - 1 CrUSD 189,010 or INR 1.6 Cr
Harvard UniversityINR 18 L - 62 LUSD 175,000 or INR 1.5 Cr
IIM AhmedabadINR 12 L - INR 32 L (complete fees)INR 36 L

As per the above table, it is clear that Harvard University is the best choice among Stanford University and IIM Ahmedabad to study MBA Abroad because of its impressive placements and fees.

Q:   Which is better for MBA, Harvard Business School or Stanford Graduate Business School?

A: 

Harvard Business School of Harvard University as well as the Stanford Graduate Business School of the Stanford University are one of the top three business schools in the world and thus getting a degree from either of these is equally prestigious. In terms of rankings, the Stanford Graduate Business School has an upper hand. However, Harvard Business School offers more affordable education.

We have given below a comprehensive comparison of both the business schools below:

ParticularsHarvard Business SchoolStanford Graduate Business School
QS Global MBA Ranking 2024#3#1
Acceptance Rate3.4%3.6%
Average Package

Median Base Salary: USD 175,000 (INR 1.45 Cr)

Median Signing Bonus: USD 30,000 (INR 25 L)

 

Median Annual Base Salary: USD 182,500 (INR 1.52 Cr)

Median Signing Bonus: USD 30,000 (INR 25 L)

 

First-year Tuition FeesINR 18 L - 62 LINR 32 L - 1 Cr

Conversion Rate: 1 USD = INR 83.53

Q:   Is getting into Stanford MBA hard?

A: 

Stanford University MBA program is one of the most selective programs by top business schools. The school received more than 6,000 applications and accepted just 431 candidates. Just the test scores won't be enough to secure admission to Stanford MBA. Apart from this, you need an excellent undergraduate GPA and relevant work experience.

Stanford University admissions requirements for MBA programme are given below: 

  • The average undergraduate GPA for the class of 2025 was 3.77 
  • The GMAT score required was 738
  • Work experience of 5 years

Read: MBA Colleges in USA

Q:   How much do MBA graduates from Stanford University earn?

A: 

The median base salary of the MBA graduates at Stanford University is around USD 182,500 (INR 1.52 Cr) and around USD 50,000 (INR 41.71 L) as the median performance bonus. The Stanford University MBA package 2023 across multiple industries in which the graduates of the university are employed is listed below:

Industries

Median Base Salary 2024

Finance

USD 200,000 (INR 1.6 Cr)

Technology

USD 177,500 (INR 1.4 Cr)

Consulting

USD 192,000 (INR 1.6 Cr)

Q:   How is Stanford MBA different from Harvard MBA?

A: 

Stanford MBA and Harvard MBA are one of the best institutes in the world and in the world to do MBA programs at. The Harvard University and Stanford University are on the top MBA universities in the world by QS MBA ranking in 2024. Both provide unqiue curriculum which foster students with great knowledge. Both of them are best ranked universities to study in the USA for international students. They offer the best Master of Business Administration (MBA) programme to students with better placement opportunities. Below is the comparison for Stanford MBA and Hravard MBA:We have compared them below in terms of their MBA fees, ranking, and placements:

MBA Universities MBA First-Year Tuition FeesQS MBA Ranking in the World 2024MBA Placement Rate
Harvard UniversityINR 18 L - 63 L#3USD 175,000 or INR 1.5 Cr
Stanford UniversityINR 32 L - 1 Cr#1USD 189,010 or INR 1.6 Cr

Q:   What is the package in Stanford University?

A: 

The Stanford University the highest package is USD 250,000 or INR 2.07 Cr in the Finance industry for MBA graduates. Around 75% of MBA graduates gets an average salary of USD 207,250 or INR 1.72 Cr. Check the final details of the employment profile of Stanford University MBA graduates 2022 from below:

Particulars

Stanford MBA Employment 2022

Stanford MBA Employment 2023

Graduates who sought employment

309

256

Received a job offer

93%

89%

Accepted a job offer

84%

82%

Median base salary

USD 175,000 or INR 1.45 Cr

USD 182,500 or INR 1.51 Cr

Median performance bonus

USD 45,000 or INR 37.4 L

USD 50,000 or INR 41.6 L

Median signing bonus 

USD 30,000 or INR 25 L

USD 30,000 or INR 25 L

Read about the Popular Job Sectors in the US for graduates

Q:   What is the average salary for a Stanford MBA?

A: 

The average salary for a Stanford MBA graduates is USD 189,010 or INR 1.6 Cr, which increases from USD 182,272 or INR 1.5 Cr in 2022. International students can check below the mean salary of top industries:

Top Three IndustriesMean Salary
FinanceINR 1.74 Cr
ConsultingINR 1.56 Cr
TechnologyINR 1.48 Cr

Q:   How is an MBA program offered at Stanford University?

A: 

An MBA program at Stanford University is a two-year program offered under the Graduate School of Business. Pursuing an MBA at Stanford offers students the skills to sharpen their management instincts, and design, and prototype solutions. The program is offered in two curriculums where the first curriculum focuses on building the foundation and toolkit and the second allows students to select an elective for themselves based on their future career goals. The tuition fee for international students wanting to pursue an MBA program at Stanford is around INR 68.94 L.

Q:   What is the difference between an MBA from Harvard and Stanford University in terms of placements?

A: 

Stanford University and Harvard University are among the top MBA universities in the USA. If we talk about the Stanford University and Harvard University placements, then Stanford offers better placement opportunities to their MBA graduates. We have compared them below in terms of MBA placement rate and average salary:

UniversitiesMBA Placement RateMBA Average Salary
Stanford University89%USD 189,010 or INR 1.6 Cr
Harvard University86%USD 175,000 or INR 1.5 Cr

Q:   How is Stanford University for MBA as compared to Harvard University?

A: 

Stanford University and Harvard University offer a full-time two-year Master in Business Administration program. The Shiksha grading system has allotted grades for the MBA program offered at the universities. MBA offered at Stanford University and Harvard University has received a rank of A++ by the Shiksha Study Abroad grading system. The tuition fee for an MBA offered at the universities is mentioned below:

University Name

MBA Tuition Fee

Stanford University

INR 68.94 L

Harvard University

INR 62.63 L

 

Q:   What are the various companies that hire MBA graduates from Stanford University?

A: 

The placement rate at Stanford University for MBA graduates is around 89% within three months of graduation. The MBA graduates of the university secure placements in some of the top companies such as Google, Microsoft, Amazon, NVIDIA, World Economic Forum, and many more. The MBA graduates of Stanford University secure job placements across multiple industries such as Finance, Consulting, Healthcare, Energy, Technology, and many more.

Q:   What specialisations are offered for MBA programme at Stanford University?

A: 

Stanford University offers an MBA in Finance and an MBA in Accounting along with an MBA program offered at the Graduate School of Business at Stanford University. The annual tuition fee for the MBA program offered by the university is around INR 68.94 L. The MBA program offered at the university offers international students with scholarships to help the students financially. The Business and Management Studies offered at Stanford University has received a rank of #4 in 2024 according to the top-ranking publishers hence indicating that the programs offered under the Business and Management Studies are good and worth pursuing.

Q:   Is Stanford University good for an MBA PhD?

A: 

Stanford University offers a full-time five-year MBA PhD program where the students are required to focus on one area of study out of the seven distinct areas of study offered by the university. The curriculum offered requires students to pass an examination at the end of their second year. Students will also undertake research papers, along with working closely with the faculty and developing the skills required for research. A Dissertation is the final requirement for the MBA PhD program offered at Stanford University. Overall, pursuing an MBA PhD at Stanford University can be considered a good option.

Q:   How much does it cost to do an MBA at Stanford?

A: 

While considering the cost for an MBA programme at Stanford, one needs to take into factor various expenses. Below we have given the cost for different components that need to be considered for pursuing MBA. The living expense includes rent, food, and other personal expenses that a student will bear while pursuing his MBA at Stanford. Further, medical insurance is included in the cost of attendance for all the students even if they are covered by any other insurance plan.

Particulars

Cost for 2023-24 for a Single Student

Tuition

USD 79,860

Living expense

USD 18,453

Housing 

USD 20,271

Medical insurance 

USD 7,128

Health fee

USD 753

Q:   What does it take to get into Stanford MBA program?

A: 

For Stanford University admissions to the MBA program, the applicants are required to have the following things:

  • A U.S. bachelor’s degree or equivalent is required. Also, the two-year master’s degree following the three-year bachelor’s degree is preferred but not required
  • Academic transcripts
  • GMAT / GRE test score
  • Work experience is not required but applicants can submit CV if they want to (one-page resume)
  • Two letters of recommendation
  • Essays
  • Optional short answer question
  • Application fee
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Stanford University

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Answered 4 days ago

The first step in getting admitted to Stanford University from India is deciding which programme you want to apply for, as undergraduate and graduate programs have different prerequisites. Send in a full Common Application for undergraduate programs, including with essays, recommendation letters, an

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Mallika Ahuja

Contributor-Level 9

Answered 3 days ago

To apply for the MS in Education Data Science at Stanford University, applicants must meet specific requirements. These include submitting an online application, paying a $125 fee, and providing official transcripts. Applicants should also submit a resume, three letters of recommendation, a statemen

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Tejas Bodhankar

Contributor-Level 10

Answered 3 days ago

For the MS in Aeronautics and Astronautics programme at Stanford University, the GRE is required for admission, but there is no specific minimum score published. The admissions committee considers the scores as part of a holistic review, which includes academic records, recommendations, and other cr

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Tejas Bodhankar

Contributor-Level 10

Answered 3 days ago

The application deadline for the MS in Aeronautics and Astronautics programme at Stanford University for the 2024-2025 academic year is December 3, 2024. Make sure to submit all required materials, including recommendation letters, transcripts, and test scores, by this date.

Thank you

 

T

Tejas Bodhankar

Contributor-Level 10

Answered 14 hours ago

 

The exact fee for the MS in Aeronautics and Astronautics programme at Stanford University can vary slightly depending on factors like specific courses chosen and any additional fees. However, you can get a good estimate by looking at the following information:

 

  1. Tuition per unit: Stanford University

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Shreeja suman

Contributor-Level 6

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Akanksha Malhotra

Study Abroad Expert

Akanksha Malhotra is a Content Writer / Editor at Shiksha.com's Study Abroad vertical, creating content for University pages. She is a seasoned education writer with 5+ years of experience, including writing articles for all-India and state levels, r...Read Full Bio

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