Stanford university’s business school reported a new record in its MBA applications. This fall, no less than 8,173 applications were sent to the university (last year’s record was 8,116).
Stanford is notorious for its extremely low admissions rate – 6%, which is by far the lowest among all the world’s top business schools. For each vacancy in this year’s upcoming MBA class, Stanford got almost 20 applications, Poets and Quants reports.
There was a bit of unexpected data in the new class’s profile, as the medium GMAT result (737) didn’t change at all, although it was predicted that this year’s average GMAT would rise up to 740.
GMAT Results For This Year’s Class
The current GMAT average, 737 points, is one of the highest among the world’s top business schools. It’s five points higher than Kellogg. This year’s score ranges from 610 (the lowest) and 790 (the highest). In earlier years, Stanford tended to sometimes admit students with a lower-than-600 GMAT, so this year is an exception.
The average GPA for this year’s class hasn’t changed as well: it equals 3.73, and currently Stanford holds the absolute record for the highest GPA among the world’s universities.
This class is very diverse, with students from different backgrounds. Among them are 164 colleges, and 15% of students have more advanced educational degrees.
Female Students Percentage Drops
Stanford’s class of 2019 has 40% of women, which is a whole point lower than last year. Even Harvard and Wharton have a higher female student percentage – 42% and 44% respectively. According to Stanford, 41% of this year’s class are international students from 61 countries of the world. This percentage, unlike the male-female ratio, is actually higher than last year’s. Minorities compose almost 30% of the new class; this percentage remained unchanged.
The new students have the same medium amount of job experience (4 years), but the range of it is quite wide – from 0 to 14 years. Most students hail from the financial sector (mostly investment business).
19% of this year’s class have a job experience in consulting, which is one percent higher than last year. 15% is composed of students with a tech background – a little lower than in 2016. Governmental, educational and non-profit backgrounds take up 8%, and 7% come from consumer products businesses.
4% represent entertainment, media, healthcare, arts and manufacturing spheres. 3% of the new students have a military background, as well as energy and clean tech. Only 1% come from real estate businesses.
The number of students who studied business at colleges is 19%, 4% up from 2016. 44% of the new class have majored in social sciences and humanities. 37% studied math, natural sciences and engineering at their undergraduate institutions.
Join MBA25 event in Tbilisi and meat the representatives of the most famous business schools!