Yet if you’re fortunate enough to secure a coveted spot at the California-based business school, you’ll experience a curriculum that can steer you towards top careers in venture capital, entrepreneurship, and private equity.
With a campus located just a stone’s throw away from Silicon Valley, students will not only benefit from an entrepreneurial ecosystem but will also be within proximity of top companies borne out of the minds of Stanford alumni, including Google, Yahoo, and Nike.
In the class of 2023, finance and consulting were among the top industries. Across all industries, grads secured a median base salary of roughly $183k.
You only need to look at the Stanford MBA class profile to see how competitive the program is. The Stanford MBA received 7,295 applications for the class of 2026—an admission rate of around 6%.
So, how can you give yourself the best chance of successfully navigating the Stanford MBA application process and landing a place? BusinessBecause spoke with Erin Nixon, assistant dean of admissions and financial aid at Stanford Graduate School of Business (pictured), to find out.
Stanford MBA application: What you should know
What skills or attributes do you look for in MBA candidates?
As we build each class, we look for students who will be engaged in our classrooms and create positive impacts on campus and beyond. In our application, we seek to learn about how you think, how you lead, and how you see the world.
Specifically, for how you think, we want to understand your desire to learn and
experience new things and share them with others. Regarding how you lead, we want to learn more about your impact on others, organizations, and communities. And finally, for how you see the world, we want to know more about your values, beliefs, identities, and ambitions to understand the perspective you bring to share with your classmates.
What are your school’s MBA application essay questions?
Essays help us learn about who you are rather than solely what you have done. Other parts of the application give insight into your academic and professional accomplishments; the essays reveal the person behind those achievements. Stanford’s MBA application includes two required essays:
Essay A: What matters most to you, and why? For this essay, we would like you to
reflect deeply and write from the heart. Once you’ve identified what matters most to you, help us understand why. You might consider, for example, what makes this so important to you? What people, insights, or experiences have shaped your perspectives?
Essay B: Why Stanford? The second required essay asks you to describe your aspirations and how your Stanford GSB experience will help you realize them.
What are the biggest mistakes candidates can make in an MBA application to your school?
We are focused on understanding your story and we want you to showcase your authentic self in your application. Ask yourself: “what is it that I really want to tell Stanford about myself?” Don’t write what you think we want to hear. Instead, use your genuine voice. Think carefully about your values, passions, aims, and dreams. There is no “right answer” to these questions — the best application is the one that is truest for you.
Tell us one thing about your school’s MBA application process that most people wouldn’t know.
One thing we want people to know is that no single component — whether your academic performance, essays, test scores, letters of recommendation, work experience, or interview — determines your admission decision. Our students and alumni don’t all fit one mold, and we don’t expect candidates to, either. We base our evaluation on your whole application, and we take into account factors such as your background, experiences, perspectives, aspirations, values, and accomplishments.
Which exam scores can candidates submit with their application?
You must submit a valid GMAT or GRE score. We accept test scores for the official online GMAT and GRE exams, as well as test scores from in-person exams at official GMAT and GRE test centers. We have no preference for one test over the other. Further, if you attended a college or university taught in a language other than English, you must take an English language proficiency test, unless you also completed a graduate program taught exclusively in English. Stanford GSB accepts the TOEFL (Test of English as a Foreign Language), the PTE (Pearson Test of English Academic), or the IELTS (International English Language Testing System).
What is the target GMAT score?
There is no minimum GMAT or GRE score requirement for graduate study at Stanford, and we accept students with a wide range of scores. Please see the class profile for the range and average test scores.
What skills is the GMAT testing that will be useful for business school?
The GMAT tests some of the quantitative, verbal, and analytical skills that are valuable in business school. The Stanford MBA Admissions team recognizes that the GMAT (or any other standardized test) is one measure of an individual’s abilities and considers it within the context of your overall application, alongside your academic and professional background.
What other insider tips can you share with candidates?
Take time to reflect on who you are and have confidence. There is neither an “ideal” candidate nor a “typical” Stanford MBA student. In your application, we would like you, quite simply, to be yourself.
How can candidates choose which application round to apply in? What would you advise?
You may apply once per application year in any one of the three application rounds.
When deciding in which round to apply, you should consider several factors. Choose a round in which you feel you can submit your strongest application. You should take into account your personal circumstances, professional obligations, and any time constraints that might impact your ability to do so.
While there are advantages in applying in Round 1 or Round 2 (Admit Weekend, access to the on-campus housing lottery, additional time for visas, etc.), it is more important not to rush the process. If you are applying with a partner, it’s best to apply in the same round to coordinate admission decisions. If you are finishing a bachelor/graduate program and do not yet have work experience, you may be interested in deferred enrollment, in which case you may apply in any round.
