How to get into Stanford Graduate School of Business (GSB)

Over 7,324 people applied to Stanford GSB in 2020, but with a class size of 436 students and a 5.9% acceptance rate for the class of 2022, GSB is perhaps the most difficult MBA program to get accepted into from a pure numbers perspective (HBS has more applicants each year, but also a larger class size. The HBS class of 2021 had a 10.2% acceptance rate). What is the difference between the applicants who were offered a spot and those who were rejected? What can you do to make sure you are one of the lucky people accepted to Stanford GSB?

Table Stakes

It is clear from the GSB website that there are some minimum table stakes you need to meet in order to gain admission into Stanford GSB.

GPA/GMAT/GRE: While GSB claims to have no minimum GPA requirement to gain acceptance, with an average GPA of 3.8, the average applicant shouldn’t be too far under a 3.5 if you want a decent shot at admission.

Not all schools and majors are created equal. While Stanford draws heavily from elite undergraduate institutions, they tend to be a little more forgiving for peer-school-but-not-Ivy League graduates than HBS. Anecdotally, we have also seen a greater concentration on quantitative majors such as economics and computer science.

The median GMAT score for the class of 2022 is 733 and the median GRE verbal and quantitative scores are 165/164. We tell the candidates that we work with that once you have higher than a 710, you don’t need to worry about retaking the GMAT, although if you have a very low GPA, a higher test score will help you. We like to use this website to calculate the GMAT score equivalent for the GRE.

There is no preference between submitting test scores for the GMAT vs. the GRE – take whichever test you feel you will score best in. People who are stronger at math tend to excel in the GMAT, whereas people who are strong verbally tend to do better on the GRE, but this is a generalization. Our recommendation is to take a free practice test or answer some practice questions for both tests to see which one you gravitate toward.

Work Experience: The average years of work experience is 4.7. Now, this doesn’t mean that if you have fewer than 4 years you will not get in; rather, it means that you should have enough work experience to allow you to make a significant impact in your role, and for most people that seems to take about 4-5 years.

The specific roles that GSB candidates tend to come from are the more technical ones in their industry. That means if you work at a bank, you work as an investment banker; at a tech company, as a software engineer.

Previous Industry: GSB does not care which industry you come from pre-MBA. Historically, GSB has had a reputation for being strong in tech. While this is true given its proximity to Silicon Valley, the most common background for applicants is actually Investment Management, PE & VC. However, like every top business school, GSB’s goal is to attract a good mix of students from different backgrounds and industries to bring diversity to the class. Keep in mind that if you’re applying from a common industry, you may need to have a stronger application to stand out.

But I have a 4.0 from Yale and I worked at McKinsey and Facebook – why did I get rejected?

A quick perusal of MBA forums will reveal numerous people posting their incredible stats and profiles, along with their rejection results from top schools. Why is this?

Here is the tough truth – there are way more people who apply to schools like Stanford GSB and meet the minimum table stakes than there are spots. Unlike college applicants, business school applicants to schools like GSB tend to be a more self-selecting group of people who feel like they at least have a remote shot at being accepted, i.e. meeting the minimum table stakes. So, it is clearly not enough to just meet the minimum table stakes. What sets apart those who get accepted and those who don’t?

What is that special ingredient? Narrative. It’s a simple word, and quite frankly, a simple concept. But it is often misused, forgotten, or implemented haphazardly. A narrative is a story arc that connects your personal inspirations and motivations to your career aspirations. In the case of an MBA application, a personal narrative will inform the admissions committee how you ended up on your current life story arc, show where this arc will take you by projecting it into future, and then argue why business school is the logical next step in your career because it is the perfect bridge to connect the two. Why are you more deserving to attend GSB than the hundreds of other candidates whose resumes and profiles look remarkably similar to yours?

How Narratives Differ Between GSB and HBS: What we find from our successful candidates at HBS and GSB is that HBS prefers the traditional Marshall-Ganz-style narrative that connects the individual’s candidacy with a particular career mission aligned with the mission of HBS, and with particular urgency given world or economic events. GSB prefers a less career-focused narrative and a more personal-focused one where you latch on to a time of trauma of vulnerability and explain how that set you off on a particular calling that provides a leitmotif for your involvements.

Final Thoughts: It is crucial that your personal narrative be authentic and reflected in every component of your application, something that takes a lot of deep personal introspection and reflection. For many people, this is a struggle, and it can help to have an objective third-party work with you to try and distill your personal narrative. Ivy Admissions Group originally started out by helping Waitlist clients, and over the years we have had the opportunity to help dozens of candidates fix their narratives and gain admission. If this is something you might need help with, please feel free to get in touch for a free consultation, or check out our Complete School Package and Narrative Bootcamp services.GSB websitethis website

How Admissions Committees Evaluate Candidates - The Problem with "Odds Threads"

Countless MBA blogs allow applicants to post their admissions profile for others to evaluate their chances of admission at different MBA programs. Usually the criteria asked for will be something like the following:

• GPA
• Undergraduate Institution
• GMAT Score
• Past employers
• Extra curriculars / activities
• Certifications
• Volunteer work

These “odds threads” fundamentally misunderstand several key parts of the admissions process.

Problem 1: They confuse checkboxes for sliding scales.

The trouble is that these forums breed the belief that the more “extra” someone is in each of these categories, the better chance they have at admission. Someone with a 4.0 GPA must have a higher probability than someone with a 3.8 and 790 better odds than a 750, right? Not quite. This is because applications are evaluated in a two-step process.

The first step is the sorting. The first four criteria in the list above are “check box” data fields. The admissions committee looks at these criteria first to run an initial screening of the candidate pool. The goal from this initial screening is to sort candidates as “highly competitive”, “competitive”, or “not competitive” for admission at that particular school.

A highly competitive applicant will have a GPA and GMAT that is at or above the business school’s overall average, earned a degree from a school well represented from among the student body, and worked at a firm that either places well at the school or (ideally) recruits a lot of MBAs from that institution to return. A competitive candidate will have most of those criteria. An uncompetitive will have few or none. Once this sorting is done, the top category is fast-tracked, and middle is evaluated, and the bottom is dropped.

The second step in the process brings us to Problem 2

Problem 2: They ignore the key selection criteria of Narrative

Since there are far, far more “competitive” candidates than a school has spots to give in a class, the admissions committee needs a second screening to further winnow the class down. This second step evaluates a candidate’s Narrative. Admissions committees want to admit students who have great personal stories, who are going to make the most of their spots in the MBA class to accelerate their career trajectories, and who will change the world for the better. Once you make it through the first screen, regardless of GPA or GMAT, the best story wins.

Put another way, passing the “checkbox” criteria mentioned in Problem 1 will get the admissions committee to listen to you. The narrative is how to convince them. If your narrative lacks focus, clarity, simplicity, credibility, specificity, emotion, logic, values, and everything else we put into our narrative work, even an 800 GMAT score will help you – you will be denied.

You’ll notice that our MBA Odds Form asks for something not included on the list I pulled from the blogs above: personal narrative. Your personal narrative is the single most important factor for determining whether you will be admitted to an MBA program, offers the single biggest return on your time investment, and is the only part of your application that you control 100%.

In short, if you were to plot out the probabilities on each of these checkbox criteria, you would not see a smooth upward sloping line, but rather a step-function as candidates are first sorted, then evaluated individually on their narrative story, the quality of which has a more random distribution.

Problem 3: They focus on the wrong things

Remember this version of you from your college essay? Cut it from your MBA application.

Remember your college application? Remember how you talked all about your community involvements and extracurricular activities? That silly essay about your love of track & field and how it's a metaphor for your leadership style? Many people who submit profiles for evaluation devote as much real estate to their hobbies as their actual work experience. This is a huge miscalculation because while business schools care a great deal about your work experience, they care almost nothing about your hobbies. Here’s why.

First, strategically, whereas the admissions criteria for college (and law school for that matter) are retrospective (i.e. they ask what have you done to “earn” or “deserve” a spot in the class), business school admission criteria is prospective (e.g. what will you do with this opportunity?). This is because an MBA is an entirely elective degree. Whereas you need a JD to practice law, no one needs an MBA to practice business. Therefore, any good application needs to explain what the candidate will do with the degree on their professional journey, and even insinuate what negative consequences will befall them if they don’t obtain it. The answer to this question lies in work experience and narrative, not in your free-time hobbies.

Second, tactically, extracurriculars are just not as valuable to business schools. Colleges (especially elite colleges) really value the community experience and look for students to take leadership in this important area. That’s why they give steep scholarships to athletes, and little admissions boosts students who will round out difficult-to-fill community positions (such as oboe players in the orchestra). Talking about your extracurricular activities on your college essay made sense because you had something of value to offer to the school. In contrast, the whole point of business school is to secure an internship and later a full-time job offer. Almost all extracurricular activities in business school exist to advance that goal. For example, the finance club meetings will either be to network with prospective banks or to tutor students on building models in excel. Playing the oboe at business school gives you a lot of money in a worthless currency.

In your MBA application, your work experience is king. Give it the real estate it deserves.

If you want an honest appraisal of your Odds of Admission, check ours out here.

How many schools should I apply to – and which ones?

One of the most frequent questions we get from our clients and those who ask us for their odds of MBA admission is “How many schools should I apply to?” School selection – both the quantity and tier – is an incredibly important part of one’s application strategy and one that all applicants should invest a good amount of time considering early in the process.

Categories of Schools

We recommend that you think of school selection like building a portfolio of personal investments. By investing your time in a number of different schools across different categories, you can decrease the esoteric risk of being denied at any individual school, pit financial aid offers against one another, and ultimately make a more informed final selection. For this reason, we recommend applying to no fewer than six schools, two from each of the following categories:

Stretch

Your stretch schools are your dream schools. These are the kinds of schools that you would drop everything and pay double price to go to if you could simply because their prestige, network, resources, and education would have an absolutely transformative effect on your career trajectory. The trouble is that these schools are normally difficult to get to for anybody and your admissions profile puts you in a rather uncompetitive camp. You should still apply to these schools! The admissions committee will still read your application. They are people too, and if you have a personal narrative that moves them or stops them cold, they may fight to make space in the class for you depending on the depth of the rest of the applicant pool.

Adding these schools to your portfolio is like buying the stock of risky tech companies. If things go well, the payoff is unbelievable. Plus, if you didn’t apply but later found out that you would have been admitted, wouldn’t you kick yourself about it? Personally, I would always rather the school say no to me, than for me to say no to myself. You can apply to these schools as a Hail Mary on your own at the end of the cycle, or if you want better odds you can engage with a consultant who has specific expertise at that school (much like how we do for HBS).

Reach

These are schools that you would be delighted to attend and where your profile is a little more competitive (e.g. two or more of the following is true: your undergraduate institution is better represented in the student body, your GPA is at or above average, your GMAT is at or above average, or your current employer is a major recruiter at the school). These are the schools that you are realistically targeting and which you will spend the majority of your time (either on your own or with a consultant) working on.

Grab

A grab school is not a safety school. It is a school where you would want to do, where your profile is competitive in most or all of the categories previously mentioned, but where your odds are still less than 50%. They are there for you to grab, if you can. Adding Grab schools to your portfolio does two things. First, if you’re sure that now is the right time to go to business school, helps give you the certainty that you will get in somewhere. Second, because you are a more desirable candidate to Grab schools, they will likely be more generous to you in financial aid. Suddenly if the cost of tuition for a grab school is 50-75% less than a Reach school, you’ll be a lot more excited about them. Also, getting money from one Grab school can help you in negotiating financial aid offers from other schools, but more on that at another time.

Run the analysis

Let’s run the numbers. If we believe that a person’s profile gives them a conservative baseline chance of admissions of 15% for Stretch schools, 25% for Reach Schools, and 40% for Grab schools (and for the sake of argument that there is negligible covariance between the applications), then the odds of being admitted to at least one school are the following:

Portfolio of 4 Schools: 1 Stretch, 2 Reach, 1 Grab – 70%

Portfolio of 6 Schools: 2 Stretch, 2 Reach, 2 Grab – 84%

Portfolio of 8 Schools: 2 Stretch, 3 Reach, 3 Grab – 93%

Conclusion

Which schools fit into each of these categories will depend on the unique admissions profile of the individual student. If you want our help in sorting, feel free to get your odds here.