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Applying to Stanford GSB is making a bet against the odds, and the odds here are daunting.
The school’s goal is ambitious: to only accept students who, in former Dean Garth Saloner’s words, “have the leadership capacity to change the world.” The tagline of the school? “Change Lives, Change Organizations, Change the World.” This lofty mission is taken seriously by the admissions staff, which sorts through more than 7,000 applications from top-tier candidates. In 2015-2016, a record 8,116 candidates applied for a seat in Stanford’s Class of 2018, up 2.7% on last year’s 7,899. The school, which boasts the most selective prestige MBA program in the world, received 19.5 applications for each of its 417 seats. That’s nearly twice as many as the 10.4 candidates for each Harvard Business School seat.
Stanford MBAs typically land among the highest first-year pay packages in the world. And MBA startups at Stanford have been at near record levels in the past few years, making the school the place to incubate a business from scratch, search for capital from angel investors and VCs, and launch. School’s location–in the heart of Silicon Valley–allows it to have a near hands-off approach to entrepreneurship because the startup bug strikes naturally given the surrounding ecosystem of angel investors, VC firms, and company founders.
STANFORD MBA REVIEW
- A Stanford degree pays off—the median base salary for 2018 grads was $142,000
- The class profile of 2020 has 42% of foreign nationals which shows a good acceptance rate for International students
- The male to female ratio is of 59:41
- An alumini said, “The Stanford GSB alumni network was crucial in funding my company right after the MBA. Within a few weeks I’d raised significantly more funding than my MBA cost, so the investment paid off immediately.
Not so good facts:
- It is harder to get into Stanford than any other business school in the country. The school’s 6% acceptance rate is the lowest in the world.
Stanford Sample Winning Essay
Stanford: What matters most to you, and why? (750 word limit suggested)
What matters most to me is helping young people define their own success by following intrinsic passions rather than external expectations. I’ve struggled with this throughout my life – my teachers wanted the “perfect student”, my peers expected me to scale the corporate ladder, and my parents demanded grandchildren. I’ve learned to acknowledge outside expectations, but stay true to my heart. More importantly, I realized I share this struggle an entire generation.
My Dad’s visiting professorship brought me from our hometown of Hyderabad, to Singapore and Montreal. When I returned to India in 10th grade however, getting into a top college was the only measure of success for students – and I was on the brink of failure. Struggling to adapt to the curriculum, the headmaster asked me to stay back a year. Ashamed that I’d let my parents down, I refused to give up. Pouring over mock tests, I finished 2 years’ work in 10 months and scored top of my province in the College Entrance Exam. Upon receiving the acceptance letter that validated my “success”, however, my sense of achievement was short-lived. That entire year, I felt reduced to a test score, a ranking posted in school hallways. I’d sneak out of study sessions….continue reading here
Essay 1 –
What matters most to you, and why ?
For this essay, Stanford would like you to:
• Do some deep self-examination, so you can genuinely illustrate who you are and how you came to be the person you are.
• Share the insights, experiences, and lessons that shaped your perspectives, rather than focusing merely on what you’ve done or accomplished.
• Write from the heart, and illustrate how a person, situation, or event has influenced you.
• Focus on the “why” rather than the “what.”
Stanford Graduate School of Business pioneered the open-ended personal essay and has continued that tradition this year. “What matters most to you and why?” is a simple question that can lead you down many paths. There isn’t a specific best kind of story for this essay, rather the best essays tell a story about who you are as a person and leader.
This Stanford GSB MBA essay is your opportunity to demonstrate who you are, what motivates you, and why. Topics can range from personal history to grand visions of the future. While this topic should not be explicitly career related (and the strongest essays are likely not career oriented at all) it is possible that some of your themes will continue in the next essay, which will likely focus more on your career.
Your accomplishments and achievements are part of why you have developed into the person you are today, however it’s far more important to explain your influences, lessons learned and motivations. Introspection and honesty should persist through the entire set of essays.
To generate ideas, try brainstorming over a period of a few days. Ask friends and family what values they see you demonstrating in your life and choices. Keep a notebook by your bed so you can record your first thoughts upon waking up. Review your personal history for ideas. What keeps you awake at night? When you look back at your life what do you admire and regret about your choices? What moments in your life have led to a change in direction? Who has impacted your choices? These are the kind of questions to ask yourself as you approach topics for this essay.
Though the essay question may seem open-ended, answering the question with vivid and specific examples will provide the reader with images and stories to understand your perspective. After reading hundreds of essays, the ones that have vivid and descriptive stories in them stand out the most.
Keep in mind as you select examples that Stanford GSB specifically advises focusing on people and experiences that have influenced you, rather than accomplishments or achievements. Don’t be scared of the tough moments in life – often self-awareness emerges from challenges. Whatever experiences you choose it’s very important to talk about why they made an impact on your life and your values.
Along with vivid examples, talk about how you felt, thought and reacted both at the time and as you reflected later. The “why” will come out of your reactions to your life experience or people who have influenced you, and the resulting introspection.
Essay 2 –
Why Stanford ?
Enlighten us on how earning your MBA at Stanford will enable you to realize your ambitions.
• Explain your decision to pursue graduate education in management.
• Explain the distinctive opportunities you will pursue at Stanford.
• If you are applying to both the MBA and MSx programs, use Essay B to address your interest in both programs.
After you have explained what is most important to you in life you need to explain why your next step is a Stanford MBA. If you are applying to both the MBA and MSx, make sure you can highlight the advantages of both programs for your specific situation. Perhaps you have significant work experience but are also interested in a two-year program and therefore would be interested in either option.
The sub questions for this essay cover both why you are interested in pursuing an MBA at all, and why you specifically want to attend Stanford GSB. Stanford GSB wants to know your aspirations will be uniquely satisfied by the program at Stanford GSB, and school research will help you determine what aspects of the academic program, community and students are crucial to your aspirations.
Be as specific as possible in your response to provide evidence that you have done your research. You should know everything about the aspects of the program that most appeal to you. Have you met current students and alumni? Who are the professors you are excited about? What are the unique programs? What appeals to you about Stanford’s culture? Perhaps you are impressed with the career path of a specific alumna and can highlight that knowledge.
When you discuss how Stanford will help you achieve your ambitions consider that Stanford likes to see applicants who dream big, and have the credibility to achieve their goals. Be bold with your aspirations. Don’t focus on what your parents or partner want you to do. Don’t think about the next job on the corporate ladder. What do you, with your own unique background and values, want for your life?
If the question seems too vast, take a few minutes to close your eyes and reflect. Envision your life in twenty years. Where do you live? How do you spend your days? What is your favorite activity? How does this vision fit into your career aspirations? Don’t be shy about your ambitions. Once you have identified your dream career, you also need to make sure an MBA is an important part of achieving your plans and explain that part in your essay.
Though you should think big, don’t make the mistake of acting as if you are already perfect with no development needed. Remember that MBA programs want to help promising candidates reach their goals and be a step on an ambitious career trajectory.
Length – Your answers for both essay questions combined may not exceed 1,150 words. Stanford GSB suggests 750 words for Essay 1, and 400 words for Essay 2.