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Calling all Stanford MBA Applicants: 2024 Intake Class of 2026

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gracecbear
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:05
josephkao522 wrote:
I personally think that the opportunity cost is too high to do a 2-year full time MBA as a mid career professional. So I focused on the 1-year MBA and the sloan fellow masters programs. I applied to INSEAD, Kellogg 1-year, MIT Sloan Fellows MBA, and Stanford MSx

That’s a very good point. Thank you for your great advice Joseph! What if I apply for scholarships outside school e.g. Forte foundation for women… Is it still worth it to do a 2 years MBA with scholarships? Could people take a gap year go back to the industry after first year, then come back for the second half of the MBA program?
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   Updated on: 14 Jun 2023, 16:09
It’s really up to you. How many years of work experience do you have? I do have to say that they don’t usually consider people with 8+ years experience for MBA. They do sometimes but the rate is low

gracecbear wrote:
That’s a very good point. Thank you for your great advice Joseph! What if I apply for scholarships outside school e.g. Forte foundation for women… Is it still worth it to do a 2 years MBA with scholarships? Could people take a gap year go back to the industry after first year, then come back for the second half of the MBA program?

I’ve heard people taking a gap year due to medical/family reasons with strong justifications. It’s rare that the MBA programs (for the ones I know) to grant the gap year for you to go back to industry and come back

Originally posted by josephkao522 on 14 Jun 2023, 16:08.
Last edited by josephkao522 on 14 Jun 2023, 16:09, edited 1 time in total.
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:09
Good to know. I have less than 7 years after undergrad…
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:10
gracecbear wrote:
Good to know. I have less than 7 years after undergrad…

It’s a good time to apply if you are interested. Ageism is real for MBA application
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:11
I’ve also heard 2 years MBA program offers you more time for internships if you want to change industry completely. lets say from tech to consulting or VC. Is that true? Maybe one year is enough for a career advancement within your current industry unless the person have a cross industry background?
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:13
josephkao522 wrote:
It’s really up to you. How many years of work experience do you have? I do have to say that they don’t usually consider people with 8+ years experience for MBA. They do sometimes but the rate is low

Hi, thanks for your time answering questions. Is the rate low due to lower applications in general or is it more of a class fit decision ?
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:14
gracecbear wrote:
I’ve also heard 2 years MBA program offers you more time for internships if you want to change industry completely. lets say from tech to consulting or VC. Is that true? Maybe one year is enough for a career advancement within your current industry unless the person have a cross industry background?

I agree that a 2-year MBA with a summer internship would be great to pivot to consulting. Not sure about VC though. I’m actually doing a VC fellowship and a part-time internship and I can say that it’s not an industry you can break into following traditional paths. Internship may help but the retention rate is case dependent (and the VC industry is definitely experiencing a hard time now)
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:15
Hi Joseph, what is the avg GMAT level for the 1 year programs you mentioned above? I am also concerned about the opportunity cost of a 2 year mba
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   Updated on: 14 Jun 2023, 16:20
sandr01 wrote:
Hi, thanks for your time answering questions. Is the rate low due to lower applications in general or is it more of a class fit decision ?

Both. and class fit may be a stronger factor

Manika24 wrote:
Hi Joseph, what is the avg GMAT level for the 1 year programs you mentioned above? I am also concerned about the opportunity cost of a 2 year mba

For GSB MSx, the average GMAT is 725 for my year. It’s around the same for Kellogg and Sloan Fellow MBA at MIT. INSEAD and other European 1-year MBAs are easier to get into with lower GMAT (690-720)

gracecbear wrote:
I’ve also heard 2 years MBA program offers you more time for internships if you want to change industry completely. lets say from tech to consulting or VC. Is that true? Maybe one year is enough for a career advancement within your current industry unless the person have a cross industry background?

I also want to add that some of these 1-year programs can be extended for a quarter or two. It’s also something to consider

Originally posted by josephkao522 on 14 Jun 2023, 16:15.
Last edited by josephkao522 on 14 Jun 2023, 16:20, edited 2 times in total.
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:21
gotcha. Thanks, I am up in the experience ladder so appreciate the real advice.
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:22
josephkao522 wrote:
I also want to add that some of these 1-year programs can be extended for a quarter or two. It’s also something to consider

In Stanford too? :) Hope we are still young after graduating from MBA…
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   Updated on: 14 Jun 2023, 16:23
sandr01 wrote:
gotcha. Thanks, I am up in the experience ladder so appreciate the real advice.

No problem. I have a lot to share in this department. So feel free to reach out if anything

gracecbear wrote:
In Stanford too? :) Hope we are still young after graduating from MBA…

Yes. In fact, I plan to extend my MSx by a quarter if needed

Originally posted by josephkao522 on 14 Jun 2023, 16:22.
Last edited by josephkao522 on 14 Jun 2023, 16:23, edited 1 time in total.
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:24
The flexibility sounds great. That should give you time to cover your coursework+take extra classes+buy time for job hunt, right?
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:24
josephkao522 wrote:
No problem. I have a lot to share in this department. So feel free to reach out if anything

Will do! I’ll add you on linkedin, thanks much for your time!
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:26
Manika24 wrote:
The flexibility sounds great. That should give you time to cover your coursework+take extra classes+buy time for job hunt, right?

That’s the plan. I’m mainly interested in the entrepreneur immersion/accelerator program offered by GSB that’s only available for the student returning in Fall. You can definitely use it for internships or other purposes too
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   Updated on: 14 Jun 2023, 16:29
Hi Joseph, I saw that you got your PhD many years ago before applying to MSx. I also had a non-business master degree from a US university after non-US undergrad study. How will both the graduate school and undergrad GPA considered in the application?

Do you need to prepare both transcripts when applying?

Originally posted by joan2sf on 14 Jun 2023, 16:27.
Last edited by joan2sf on 14 Jun 2023, 16:29, edited 1 time in total.
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   Updated on: 14 Jun 2023, 16:30
joan2sf wrote:
Hi Joseph, I saw that you got your PhD many years ago before applying to MSx. I also had a non-business master degree from a US university after non-US undergrad study. How will both the graduate school and undergrad GPA considered in the application?

For the folks with an advanced degree, they consider your GPAs from both grad and undergrad programs.

joan2sf wrote:
Do you need to prepare both transcripts when applying?

Yes. And they will verify both transcripts from your grad and undergrad schools using Re Vera

Originally posted by josephkao522 on 14 Jun 2023, 16:29.
Last edited by josephkao522 on 14 Jun 2023, 16:30, edited 1 time in total.
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:32
josephkao522 wrote:
Yes. And they will verify both transcripts from your grad and undergrad schools using Re Vera

Thank you! If a original transcript is not in English, does the admission accept the transcript in original language, or there are other requirements about translation or verification?
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   Updated on: 14 Jun 2023, 16:37
joan2sf wrote:
Thank you! If a original transcript is not in English, does the admission accept the transcript in original language, or there are other requirements about translation or verification?

I remember that you need to provide Re Vera both the original copy and the translation but I may be wrong. Anyhow Re Vera will contact your school in another country to verify the GPA and degree

Thank you all! If no other questions, I’ll close this session. Hope it helps. Feel free to reach out to me by email/Linkedin

Originally posted by josephkao522 on 14 Jun 2023, 16:36.
Last edited by josephkao522 on 14 Jun 2023, 16:37, edited 1 time in total.
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink] New post   14 Jun 2023, 16:38
josephkao522 wrote:
I remember that you need to provide Re Vera both the original copy and the translation but I may be wrong. Anyhow Re Vera will contact your school in another country to verify the GPA and degree

Thank you that’s very helpful!
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Re: Calling all Stanford MBA Applicants: 2024 Intake Class of 2026 [#permalink]
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