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Whether it's providing a platform to dive into the brain pool of Silicon Valley, an immersion in the latest technology trends, or driving forward the need for socially conscious business leaders in the modern economy, Stanford is a melting pot of expertise.
Every year Stanford grads land jobs with some of the world's largest companies. The incoming 424 members of the Stanford MBA class of 2024 look to emulate those before them. The Stanford MBA received 6,152 applications for the class of 2024, with an admission rate of 7%.
If you’re considering applying to Stanford, you need to understand what kind of students fill the MBA class, and how you can leverage your own experience and background in your application.
The incoming class come from a wealth of organizations across investment management, consulting, technology, government, arts, and media. International students make up 37% of the class.
In this BusinessBecause Breakdown, we explore the Stanford MBA class profile, covering GMAT scores, diversity statistics, and students' previous experiences.
Stanford MBA Class of 2024 | Overview
The entering students of the Stanford MBA class of 2024 are plucked from a few distinct undergraduate majors: 24% of the class studied engineering; 21% majored in economics; 20% majored in social sciences; 19% of the class are also business majors.
The class’s average GMAT score is down by one from the previous class, though still an impressive 737.
Stanford has also focused its attention on diversity, breaking the class demographic down on a more granular level than in previous years.
There are 56 countries represented in the class; 37% of students are classed as international.
Women account for 44% of the class, and US students of color make up 51% of the MBA classroom.
Stanford has also compiled more in-depth data on the identities of MBA students in the class.
Among the U.S. citizens and permanent residents in the MBA Class of 2024, 48% identify as White; 24% as Asian; 13% as Hispanic or Latino; 9% as Black or African American; and 0% as Native American or Native Hawaiian/Pacific Islander.
GMAT Scores
The GMAT scores of an MBA class are a benchmark for the academic excellence you’ll have to showcase if your MBA application is to be successful.
Stanford’s MBA class of 2024 has set the bar high. The average GMAT score of the class is 737. If you plan on applying to Stanford, it’s probably time to dust off those GMAT test prep books and get practicing.
Undergraduate Majors
The academic backgrounds of an MBA class are a good indicator of the types of people you’ll be sharing a classroom with, on top of industry background.
The Stanford MBA class of 2024 comes largely from distinct academic backgrounds. 24% of the class majored in engineering, 9% in mathematics or natural sciences; 20% in social sciences; 6% in humanities; and 19% in business.
So, you’ll be sharing a classroom with students who are looking to couple business expertise with a knowledge of wider society—a good sign for Stanford achieving its goal of creating business leaders who make the world a better place.
Humanities and social science students are expected to bring to the classroom empathy and the ability to see things from multiple viewpoints, which makes for good classroom debate. There is also a strong contingent of engineering and mathematics majors, signaling a classroom built for the needs of the digital economy. 12% of the class are the first in their families to graduate from a four-year college or university degree; 13% are advanced degree holders.
Work Experience
So, you’ve landed a spot on an MBA. What professional experience should you expect your classmates to have?
At Stanford, the average work experience of the class of 2024 is 4.9 years, and students come from everywhere with 162 organizations represented.
Investment management/private equity/venture capital (20%), consulting (20%), and technology (15%) are the three most represented industries. Professionals also come from government, education, and non-profit; from healthcare; and from the arts, media, and entertainment industries.
Students in the class of 2024 also came from consumer products and services; from clean technology, energy, and environmental; and from the military.
The Stanford MBA class of 2024 boasts a strong average GMAT score and students also come primarily from college majors in engineering, mathematics, social science, and the humanities.
There are strong diversity stats across the board, and the classroom boasts multiple industry perspectives.
That means the Stanford MBA is for you if you’re more of a ‘non-traditional’ candidate looking to be surrounded by a cohort that complements tech-savvy grads with those who can speak to the issues facing wider society. If you want to become a business leader with a conscience who is also technically skilled, this is the MBA for you.
If you’re after a more traditional MBA that looks at business through a more classic lens, then perhaps Stanford should be further down your list of target schools. That’s not to say you should count it out completely though—there are still 15% of students with majors in business, and the industry diversity speaks to the wide array of talent Stanford’s admissions team is after.
But looking at the recruitment stats, the Stanford MBA is becoming a melting pot of socially driven tech-savvy students driven by a social purpose.
Next Read:
Stanford MBA Application: Everything You Need To Know
*The data in this article is based on the Stanford MBA Class Profile / this article was updated in February 2023 to reflect the new Stanford MBA class of 2024.
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