A mere half dozen of America’s most elite consulting and investment banking firms account for more than a third of the students in Stanford University’s Graduate School of Business Class of 2013, according to an analysis by Poets&Quants.
Stanford admits who have done a stint at consultants McKinsey & Co. at one time or another account for an estimated 10% of the class. The other five companies who had employed the most members of Stanford’s latest incoming class are Boston Consulting Group, Bain, Goldman Sachs, Morgan Stanley, and J.P. Morgan/Chase. Together, these half dozen firms represent an estimated 33.9% of the 397 first-year students in Stanford’s MBA program.
It shatters the common myth that Stanford is the anti-establishment school versus Harvard. In fact, the admission stats show that Harvard is less Establishment than its West Coast rival. And Stanford’s heavy reliance on just six elite firms for more than a third of its MBA students is also a primary reason why Stanford’s starting salaries are as high as they are–former consultants and investment bankers tend to be among the highest paid graduates.
A RARE GLIMPSE INTO THE EDUCATIONAL AND WORK BACKGROUNDS OF ENROLLED MBA STUDENTS
The data provides a rare glimpse into the educational and work backgrounds of the students accepted and enrolled at Stanford’s Graduate School of Business. Business schools keep this information close to the vest, never disclosing this information in typical class profiles. Yet, an applicant’s undergraduate and work backgrounds loom large in admission decisions, in some cases dwarfing the importance of other factors from grade point averages and GMAT scores to the quality of one’s essays or admissions interview.
Percentage of Class of 2013 At Five Top Schools From Six Elite Employers
The analysis shows that Stanford’s admissions staff relies more heavily on a handful of firms to filter applicants into its prestige MBA program than any of its top business school rivals (see table on left). The same six firms, for example, account for about half the percentage of Class of 2013 MBA students at Harvard Business School, where Poets&Quants estimates that 17.8% of the first-year students are from these same six companies. Stanford’s enrolled students from these super elite firms, in fact, is nearly four times the percentage of those at Columbia Business School, where an estimated 9.6% of the Class of 2013 have one of those six firms on their resumes.