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Stanford Class Composed of More Elite Investment and Consulting Professionals Than Any Other Business School
A recent 2013 analysis done by Poets&Quants, an online education-centered company dedicated to publishing comprehensive analyses of business schools and full-time MBA programs, found that over one-third of the Class of 2013 at Stanford University’s Graduate School of Business is made up of elite consulting and investment banking firm former employees. This study concludes that more Stanford MBA students come from top consulting and investment banking firms than any other top business school or MBA program. At Stanford, approximately 33.9% of students from the Class of 2013 came from six elite consulting and investment banking firms.
The most common firm of employment for admitted Stanford business students was the consulting company McKinsey & Co. Of the 33.9% of students admitted with backgrounds in elite companies, 10% had worked at McKinsey & Co. The other five companies measured in the analysis were Goldman Sachs, J.P. Morgan/Chase, Boston Consulting Group, Morgan Stanley, and Bain. Other business schools that were rated high on admitting students with backgrounds in elite consulting and investment banking firms were Wharton at 19%, Harvard at 17.5%, Columbia at 9.6%, and Chicago at 6.4% (estimates by Poets&Quants).
Another surprising factor assessed in the analysis discovered that very few Stanford MBA students come from the nearby California Silicon Valley. While Silicon Valley is home to many prominent companies such as Apple, Google, Microsoft, Intel, eBay, and HP, the number of admitted students with backgrounds at Goldman Sachs was more than the number of admitted students from all Silicon Valley companies combined. The fact that so many Stanford students hail from top consulting and investment banking firms is also likely one of the main reasons that Stanford MBA graduates have a higher average starting salary than many other graduating MBAs – former consultants and investment bankers have a propensity to be employed with a higher starting salary post-graduation.
Of the 397 students in the Stanford MBA Class of 2013, only a few had backgrounds from Pepsico, General Electric, Siemens, and other notable and widely known companies. Additionally, the incoming 2013 class represented a wide variety of backgrounds, including a professional online poker player, a surgeon, those from military backgrounds, and several with atypical undergraduate degrees. However, the common background for an admitted Stanford MBA was in consulting, economics, and several-year stints at large companies.