Stanford May Offer MBA in New York

by John A. Byrne on

Imagine getting a Stanford MBA while studying in New York?

It may not be as farfetched as it seems, if New York City officials approve a plan by Stanford for a New York satellite campus. Stanford is among 27 universities apparently vying for a chance to create a New York campus.

Stanford University President John Hennessey told the school’s faculty on Thursday (April 14) that if chosen by New York the university would first offer graduate degrees in business at the campus.

The campus would start small, with 20 to 25 faculty members from the Graduate School of Business, the design school and the entrepreneurship center at the school of engineering, but ultimately could have as many as 100 professors there.

“We can attract great faculty and great students committed to Stanford and a New York campus,” Hennessey said. “We believe this is a great opportunity … to create a high-quality institution, which could become the nucleus for a major center of innovation, just as has happened in the Bay Area.”

In December, New York Mayor Michael Bloomberg invited universities worldwide to submit proposals for applied science and engineering campuses that would help “diversify the city’s economy and boost the growing technology sector.”

The New York City Economic Development Corporation received 18 proposals from 27 universities, including Cornell, Columbia, the University of Chicago and schools in India, Finland and South Korea.

New York is expected to review the proposals and will likely narrow the field before inviting selected universities to submit more detailed proposals this summer. They plan to select one or more winning proposals by year’s end to receive what city officials are calling “a significant capital contribution” to build a campus.

Stanford’s preliminary proposal calls for the campus to be located on Manhattan’s Roosevelt Island in the East River. However, Robert Reidy, Stanford’s vice president for land, buildings and real estate, told the San Francisco Chronicle that the university is also “quietly trying to pursue a Manhattan option” because “Manhattan has a vibrancy and energy that is very appealing.”

Either way, construction could begin in 2013 and continue in phases for 25 years, but as many as 450 masters and doctoral students could enroll in the fall of 2015.

 

  • Guiseppe

    Excellent news for Columbia and NYU

  • Arthur Featherstonehaugh Dullsworth

    Amusing prospect for b-schools of Columbia and NYU, but may not be very helpful for GSBs “brand” (reluctant as I am to use that awful word). Also, speaking for all downtrodden NYCers, every damn square inch of real estate in the city (including Central Park) should be zoned for residential real estate. One of the reasons I’ve long opposed Columbia’s plans to expand its campus in Harlem. In fact, we need a government in NYC that would use eminent domain to seize Columbia’s campus and build low income housing right smack on top of Butler LIbrary!

  • http://poetsandquants.com/members/jbyrne/ John A. Byrne

    Arthur and Guiseppe,

    This would definitely alter the competitive landscape in the New York metro area for graduate business education, with a direct impact on Columbia and NYU, but also Wharton. Stanford’s brand is second only to Harvard so people who want to be in and around New York would put it high up on the list of alternatives.

  • Arthur Dullsworthy

    Once again, John, who knows whether expansion to NYC will help Stanford’s “brand”? Nothing proves the hollowness of b-school education (see NYTimes article discussed in another P&Q post) better than empty talk about b-school brand.

  • Arthur Dullsworthy

    Seriously, I am completely opposed to using precious NYC real estate for any purpose apart from low income residential housing. I’m gonna call up Big Al Sharpton and ask for his assistance.

  • Guiseppe

    Question from a non NYer: the city is so crowded with little RE space. So where do planners see the campus then?

    On second thought, the greater NY area has plenty potential applicants and can easily absorb Stanford GSB NY without putting a big dent in CBS or NYU.

  • Arthur Dullsworthy

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