This school’s MBAs earn twice as much as the average business school grad
With the best alumni network in the world, a unique call to public service and earning double the average MBA, Stanford is the most exclusive MBA program in the world, as Bloomberg reports.
The admissions rate of Stanford‘s business school is only 5.1%, compared with 9.6% for Harvard and 12.7% for Wharton-Penn.
“When people go to recruit at Stanford, they recognize they’re getting candidates who probably got offers from Harvard and Wharton,” Jay Bhatti, a venture capitalist, told Bloomberg.
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The average Stanford MBA is making $285,000 after six to eight years of graduating, because many of them end up in the Bay Area, which has four of the country’s highest average adjusted gross incomes, according to Time.
Stanford also placed first in its alumni survey index, two spots in front of Harvard. Furthermore, Stanford MBAs have a different attitude regarding their careers, as they hope to follow their dreams, not just the biggest paychecks.
“Highly ambitious students at other top-ranked business schools normally seek lucrative jobs in private equity and other well-paid sectors,” Bloomberg reports. “At Stanford, those kinds of jobs generally elicit ‘snores’ from fellow students, he says, because so-called gunners chase riskier ventures.”
Some of the most notable Stanford Graduate School of Business alums are:
- Phil Knight (founder, Nike)
- Charles Schwab (founder, Charles Schwab)
- Joe Coulombe (founder, Trader Joe’s)
- Mary Barra (CEO, General Motors)
- Nolan Bushnell (founder, Atari, Chuck E. Cheese)
- Jeff Bewkes (CEO, Time Warner)
- Kendall Powell (CEO, General Mills)
- Vinod Khosla (cofounder, Sun Microsystems)
- Miles D. White (CEO, Abbott Labs)
- Richard Fairbank (founder, Capital One)
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