Kellogg | Mr. Engineer Volunteer
GMAT 710, GPA 3.8
Kellogg | Mr. Operations Analyst
GMAT Waived, GPA 3.3
Kellogg | Mr. Double Whammy
GMAT 730, GPA 7.1/10
Kellogg | Mr. Defense Engineer
GMAT 760, GPA 3.15
Cornell Johnson | Mr. Indian Dreamer
GRE 331, GPA 8.5/10
McCombs School of Business | Mr. Ernst & Young
GMAT 600 (hopeful estimate), GPA 3.86
Kellogg | Mr. Innovator
GRE 300, GPA 3.75
London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
Harvard | Mr. Defense Engineer
GMAT 730, GPA 3.6
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
Harvard | Ms. Developing Markets
GMAT 780, GPA 3.63
Yale | Ms. Biotech
GMAT 740, GPA 3.29
McCombs School of Business | Mr. Marine Executive Officer
GRE 322, GPA 3.28
Stanford GSB | Ms. Global Empowerment
GMAT 740, GPA 3.66
Chicago Booth | Mr. Bank AVP
GRE 322, GPA 3.22
Harvard | Mr. Renewables Athlete
GMAT 710 (1st take), GPA 3.63
Stanford GSB | Mr. Infantry Officer
GRE 320, GPA 3.7
UCLA Anderson | Ms. Apparel Entrepreneur
GMAT 690, GPA 3.2
Harvard | Mr. Armenian Geneticist
GRE 331, GPA 3.7
Berkeley Haas | Mr. 1st Gen Grad
GMAT 740, GPA 3.1
Ross | Mr. Travelpreneur
GMAT 730, GPA 2.68
London Business School | Ms. Numbers
GMAT 730, GPA 3.5
IU Kelley | Mr. Fortune 500
GMAT N/A, GPA 2.2
N U Singapore | Mr. Naval Officer
GMAT 710, GPA 3.2
NYU Stern | Ms. Entertainment Strategist
GMAT Have not taken, GPA 2.92
INSEAD | Ms. Spaniard Consultant
GMAT 710, GPA 8.5/10.00
NYU Stern | Mr. Army Prop Trader
GRE 313, GPA 2.31

Stanford Pulls Out of Plans for NYC Campus

To the relief of many of the leading business schools on the east coast, Stanford University today (Dec. 16) pulled out of an ongoing competition to create a satellite campus in New York City.

Stanford, which had been in intense negotiations with New York for weeks, had planned to first offer an MBA if it gained approval from city officials. The initial idea was that the Stanford 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 it was to have as many as 100 professors there.

“After several weeks of negotiations with New York City, university leaders and the Stanford Board of Trustees have determined that it would not be in the best interests of the university to continue to pursue the opportunity,” Stanford said in a statement on Friday.

That’s particularly good news for Columbia Business School, Harvard Business School, the University of Pennsylvania’s Wharton School and New York University’s Stern School of Business. A Stanford-branded MBA in New York would have offered significant competition to those four programs in particular but also Cornell and MIT.

Stanford announcement came as a surprise. The university reportedly had spent more than a million dollars preparing its bid and had undertaken a very visible political-style campaign to build public support for its bid.

Stanford had said it would raise $1.5-billion to develop the new campus and, like four other finalists, had begun negotiations with the administration of Mayor Michael Bloomberg. But Stanford President, John L. Hennessy said he had withdrawn from the competition because the school believed it would not be able to proceed in a way that would guarantee success for the campus.

“We were looking forward to an innovative partnership with the City of New York, and we are sorry that together we could not find a way to realize our mutual goals,” said Mr. Hennessy in a written statement.

Sources told The Chronicle of Higher Education that Stanford had walked away because it believed city officials were trying to impose new conditions—and additional costs.

Stanford’s withdrawal seems to pave the way for an alternative plan from Cornell University, which has proposed a partnership campus with the Technion-Israel Institute of Technology. That plan envisions an industry-focused research-and-teaching venture on the southern tip of Roosevelt Island. The winner is expected to be announced in January.

The entire process began a year ago last December when 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 had initially received 18 proposals from 27 universities, including Cornell, Columbia, and schools in India, Finland and South Korea. The University of Chicago submitted an expression of interest in the program as well but this summer Chicago officials “determined that the program did not fit the University’s needs, and the University of Chicago did not submit a proposal,” according to a spokesperson.

Only Cornell and the Technion are now vying for the 10-acre site on Roosevelt Island.

DON’T MISS: STANFORD MAY OFFER MBA IN NEW YORK

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.