MBA ニュース：スタンフォード大学ビジネススクール No.1 in U.S. News & World Report rankings

Stanford’s Graduate School of Business edged out Harvard Business School (HBS) to second and the University of Pennsylvania’s Wharton School to third in U.S. News & World Report rankings of the nation’s best MBA programs. Last year, the three schools tied for first place.

U.S. News focuses on quality assessments by deans and MBA directors at peer schools and corporate recruiter survey scores. Wharton’s scores slipped in both these regards, as well as in average pay for its MBA graduates.

Stanford's average GMAT/GRE scores stood at 732, the average undergraduate GPA was 3.75 and had an acceptance rate of just 7.1 percent, it was by far the most selective school of all those ranked, with HBS accepting 11 percent and Wharton, 20.7 percent.

Average salary and bonus, another core metric employed by U.S. News, varied very little among the top 10 schools. In terms of salary the ranking was

1. HBS: $144,750

2. MIT: $142,936

3. Stanford: $142,834. 

4. Wharton, at $142,574

5. Dartmouth College’s Tuck: $142,489 (and #9 overall)

The top 10 MBA programs as ranked by U.S. News & World Report for 2016 are as follows:

1. Stanford Graduate School of Business

2. Harvard Business School

3. University of Pennsylvania Wharton School

4. University of Chicago Booth School of Business

5. MIT Sloan School of Management

6. Northwestern University’s Kellogg School of Management

7. UC Berkeley’s Haas School of Business

8. Columbia Business School

9. Dartmouth College’s Tuck School of Business

10. University of Virginia’s Darden School of Business

Please see the full 2016 U.S. News & World Report MBA Rankings for more information. 

Forbes Ranks Top MBAs by Satisfaction

Forbes has ranked Stanford GSB as the Business School with the happiest gradates.

Forbes surveyed 17,000 class of 2008 graduates from top 50 schools. They received over 4,600 responses.  In the survey, respondents shared “their level of satisfaction with their education, with the preparation it gave them and with their current job.”

Stanford leads the way, ranking in the top five among schools across all three levels of satisfaction. Stanford grads were the most satisfied in our two previous surveys of alumni as well. The country’s most selective b-school (acceptance rate of 7%) also topped Forbes’ ROI ranking in 2013.
 

Stanford graduates had the top paychecks with median total compensation of $221,000 five years out of school. Stanford grads are highly sought after. The top five landing spots for the Class of 2012 were consultancies Bain, the Boston Consulting Group, and McKinsey, as well as tech giants Apple and Google. These companies all rank among the top six most desirable employers for MBA.s in Universum’s annual survey (Amazon was the other firm in Universum’s top six).”
 

Haas graduates rank below Stanford overall – and even maintain a higher job satisfaction than their Palo Alto rivals. Then again, as Forbes notes, Haas grads often work for many of the same consulting and tech employers as Stanford.

Dartmouth graduates rank just behind Stanford when it comes to satisfaction with their alma mater. Not surprising, according to Forbes, as Tuck alumni’s “giving rate topped 70% participation for the third straight year in 2013, which is nearly triple the average of its peer schools.”

Despite ranking #22 overall in Forbes’ rankings, Michigan State (Broad) came in #3 when it comes to being satisfied with their education. In terms of preparation, Indiana (Kelley) ranks just below Stanford according to the class of 2008. And life is nice for Rice graduates, as Jones ranks #3 in current job satisfaction. Considering their lofty overall rankings, the University of Chicago (Booth) and Tuck both stick out for having such low job satisfaction, despite their salaries rising by $92,600 and $71,000 respectively over the past five years. Apparently, money doesn’t buy happiness.

Source Forbes: Stanford Is Tops For The Most Satisfied MBA Graduates

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スタンフォード大学ビジネススクール Number 1 in Alumni Satisfaction - Forbes.

Stanford Graduate School of Business has the most satisfied alumni, according to Forbes.

Forbes  evaluated responses from 4,600 graduates from the Class of 2008 to arrive at its top 10 list, polling them on salary and ROI, satisfaction with their education and the preparation it gave them and how happy they are in their current job.

Stanford ranked in the top five among schools across all three categories in the 2013 Forbes survey. Its grads reported higher salaries than any others, with median total compensation of $221,000 five years out of school.

Stanford grads also gave the school top scores when asked about their education.

As far as job satisfaction, Stanford ranked fourth.

Alumni of the University of California at Berkeley’s Haas School of Business reported the highest levels of job satisfaction. Overall, Haas came in just behind Stanford at number 2 in the rankings. For both Stanford and Haas, top employers were all consulting and technology firms.



Dartmouth Tuck School of Business and the University of Chicago Booth School of Business ranked in the bottom quartile for job satisfaction, but they still made it into the top 10 overall (coming in at 6 and 10 respectively) thanks to high marks for satisfaction with their educations and preparation relative to other MBAs.

Forbes 2013 top 10 business schools ranked according to alumni satisfaction:
1. Stanford Graduate School of Business
2. Haas School of Business at the University of California at Berkeley
3. Carnegie Mellon University’s Tepper School of Business
4. Michigan State University Broad College of Business
5. Indiana University Kelley School of Business
6. Dartmouth’s Tuck School of Business
7. Duke University’s Fuqua School of Business
8. Rice University Jones Graduate School of Business
9. School of Business at University of Wisconsin
10. University of Chicago Booth School of Business

For more information, please see the story at Forbes.

Stanford GBS Increases MBA Tuition

Stanford Graduate School of Business (GSB) is boosting its tuition cost from $57,300 to $59,534 for the incoming class of 2013-14 bringing the cost for an MBA program rising to around $185,530 for a single student living on campus.

A student living off campus with a spouse or partner will pay more than $220,000. These figures do not take into account required study trips as part of the program, which can cost up to $4,000.

The average scholarship (free money not loans) to entering MBAs this year was $25,562 and 50 percent of students got some amount of money according to Madhav Rajan, a senior associate dean who heads the Stanford MBA program.

Tuition at Harvard Business School is currently $53,500 per year, and the total cost for a single student to complete the two-year program is $174,400. At the University of Pennsylvania’s Wharton School, meanwhile, tuition and fees for per year are $62,034, with total costs for the two-year program coming in at $184,000.

Source:  BusinessWeek

BusinessWeek Reports Widening Gender MBA Wage Gap

Female graduates from top MBA programs average 93% of their male classmates down from 98% cents in 2002 according to BusinessWeek’s latest biennial survey of MBA graduates. 

Female graduates from the class of 2012 at the Wharton School of the University of Pennsylvania, for example, earned 86% of male wages, and those at Stanford Graduate School of Business earned 79% percent, Bloomberg BW reported.

2010 census data showed the largest gender pay gaps to be among insurance agents, personal advisors and securities sales agents. Female MBAs were paid, on average, $4,600 less in their first jobs than men, and that the gap widens to $30,000 by mid-career.

Source: BusinessWeek

Registration Open Winter Visits to Stanford GSB/ スタンフォード大学ビジネススクール,

Registration is now open for winter information sessions and class visits at Stanford Graduate School of Business (GSB), according to Stanford GSB admissions blog.

Invited  prospective applicants to the MBA program to come see campus for themselves when the Class Visit Program resumes on January 14th.

Weekly information sessions will resume on January 7th. These are held each Monday and Friday, and are 85-minute-long sessions feature MBA admissions officials providing an overview of the Stanford GSB MBA program and admissions process. 

The sessions conclude by 12:10 p.m. to allow interested parties to also take part in tours of the Knight Management Center, which depart from the Bass Center at 12:15 p.m. Registration for information sessions is required.

Interested applicants can register now.

Only one class visit is available per quarter. Visitors must stay for the full duration of the class and not participate in the class.

Prospective applicants visiting campus can also take part in the Meet a Student Program. 

Current MBA students are available most Mondays and Fridays at 10 a.m. when classes are in session. 

These students conduct half-hour group conversations with interested applicants, sharing their first-hand experiences at Stanford GSB. No registration is required for this offering. Interested students can check at the Bass Center at 10 a.m. to see if a student is available.

Source: Stanford GSB 

Stanford GSB Class of 2014 Profile

In its MBA Admissions Blog, the Stanford GSB has shared statistics on its incoming class of MBAs. The class includes an all-time high percentage of international students, a return to more typical levels of U.S. minority student representation and a slight increase in work experience among incoming students.

• Of the 398 new students who came to campus this year, 42% are international students – an all-time high – drawn from 53 countries 
• U.S. minority representation fell to 20%. 
• Work experience increased from 4.0 years last year to 4.2 years this year, a 10-year peak.
• Average GMAT score is now 729

Here is some key data from the Profile. 

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Stanford GSB Essay Topics 2012-2013

Stanford GSB has released its 2012-2013 essay topics:


Essay 1: What matters most to you, and why?

• The best examples of Essay 1 reflect the process of self-examination that you have undertaken to write them.
• They give us a vivid and genuine image of who you are—and they also convey how you became the person you are.
• They do not focus merely on what you’ve done or accomplished. Instead, they share with us the values, experiences, and lessons that have shaped your perspectives.
• They are written from the heart and address not only a person, situation, or event, but also how that person, situation, or event has influenced your life.

Essay 2: What do you want to do—REALLY—and why Stanford?

• Use this essay to explain your view of your future, not to repeat accomplishments from your past.
• You should address two distinct topics: your career aspirations and your rationale for earning your MBA at Stanford, in particular.
• The best examples of Essay 2 express your passions or focused interests, explain why you have decided to pursue graduate education in management,  and demonstrate your desire to take advantage of the opportunities that are distinctive to the Stanford MBA Program.

Essay 3: Answer one of the three questions below. Tell us not only what you did but also how you did it. What was the outcome? How did people respond? Only describe experiences that have occurred during the last three years.
Option A: Tell us about a time in the last three years when you built or developed a team whose performance exceeded expectations.
Option B: Tell us about a time in the last three years when you identified and pursued an opportunity to improve an organization..
Option C: Tell us about a time in the last three years when you went beyond what was defined or established.
Applicants are allotted 1,600 for their entire set of essays. Stanford has provided specific recommendations as to how candidates should allocate these words:
Essay 1: 750 words
Essay 2: 450 words
Essay 3: 400 words

For more information concerning Stanford GSB’s 2012-2013 see the admissions website.