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Harvard MBA vs Stanford MBA

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Harvard MBA vs Stanford MBA  [#permalink]

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New post 05 Nov 2018, 10:11
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Harvard MBA vs Stanford MBA



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This comparison is done as part of the project wSTAT. For more Business school comparisons, check wSTAT


Learnings



  • 1. Harvard admitted 930 students out of 9886 applicants with an acceptance rate of 9.4%. Stanford admitted 419 out of 7797 applicants with an acceptance rate of 5.3%. Harvard's acceptance is considerably higher than Stanford’s acceptance rate.
  • 2. The application process looks very similar for both Harvard and Stanford. So, the average number of days to work on the application should be approximately the same.
  • 3. Regarding undergrad majors of entering class, Stanford’s class comprises 48% of Humanities and social sciences while that of Harvard is 17%
  • 4. Regarding undergrad majors of entering class, Harvard’s class comprises 46% of Economics and Business while that of Stanford is 18%
  • 5. 62% of Stanford’s class locates to Western united states post MBA while only 25% of Harvard’s class moves to Western united states.
  • 6. 44% of Harvard’s class locates to Northeast united states post-MBA while only 16% of Stanford’s class moves to Northeast United States.
  • 7. So if location post-MBA is your priority, you have a clear choice to make
  • 8. U.S. News ranking in Accounting for Harvard is 21 while that of Stanford is 6
  • 9. U.S. News ranking in Supply chain/logistics for Harvard is 21 while that of Stanford is 8


Note Please reply on this topic if you find any new learnings that we might have missed from the following comparisons


Comparison


1) Application process


Application process
HarvardStanford
Round 1 Deadline - NotificationSep 5th 2018 - Dec 11th 2018Sep 18th 2018 - Dec 13th 2018
Round 2 Deadline - NotificationJan 4th 2019 - Mar 26th 2019Jan 10th 2019 - Mar 28th 2019
Round 3 Deadline - NotificationNot ApplicableApr 3rd 2019 - May 16th 2019
A 4-year undergraduate degree or its equivalentRequiredRequired. Only under rare circumstances Stanford will consider exceptions to this policy.
GPANo minimum GPANo minimum GPA
Number of Letters of reference22
Number of Essays12
ResumeRequiredRequired
Application fee$250$275


ExamHarvardStanford
GMATAccepted.
No minimum requirement
Accepted.
No minimum requirement
GMAT Range610-800
Median 730
600-790
Average 732
GREAccepted.
No minimum requirement
Accepted.
No minimum requirement
GRE Verbal Range147-170155-170
GRE Quant Range151-170152-170
GRE or GMATdo not have a bias toward one test or the other
85% of the class reported GMAT
15% of the class reported GRE
no preference for one test over the other
16% of the class reported GRE
TOEFL or IELTS or PTERequired for students who did not attend an undergraduate institution where the sole language of instruction is EnglishRequired for students who did not attend an undergraduate institution where the sole language of instruction is English
TOEFL iBT minimum score requirementHBS does not have a minimum TOEFL to apply, however, the MBA Admissions Board discourages any candidate with a TOEFL score lower than 109 on the IBT from applying100 for the internet-based test (iBT*)
TOEFL iBT Range and AverageNot AvailableRange 101-120
Average 113
IELTS minimum scoreThe MBA Admissions Board discourages any candidate with an IELTS score lower than 7.5 from applying7.0 overall band score
PTE minimum scoreThe MBA Admissions Board discourages any candidate with a PTE score lower than 75 from applying.68 overall score

2) Financials


Financials
HarvardStanford
Tuition(1 year)$73,440$70,590
Cost of Attendance
  • Single $109,124
  • Married $126,928
  • Married with one child $142,318
  • Married with two children $151,128
  • single(on campus) $115,797
  • single(off campus) $118,146
  • Married(on campus) $133,650
  • Married(off campus) $136,014


3) Financial Aid


Financial Aid
HarvardStanford
Summer StipendsYes. Funds students pursuing an internship in arts & culture, community development, education, environment, human services, international relief, nonprofit consulting, government, and other social enterprises.Yes. Stanford GSB provides resources for those who wish to pursue a summer internship in nonprofit, social impact, government, or entrepreneurial organizations.
Tuition assistance. Need based aid.HBS Fellowships are entirely need based, with the majority of fellowships in the $30,000–$50,000 range.Stanford GSB fellowships will be awarded based solely on your demonstrated financial need. The average Stanford GSB fellowship is approximately $35,000 per year or $70,000 in total awards
Tuition assistance. Need based aid.50% of HBS students are eligible for need based aid.Approximately half of Stanford MBA students receive fellowship funds.
Full-Tuition FellowshipsPlease search on HBS website
  • Stanford Africa MBA Fellowship
  • Charles P. Bonini Partnership for Diversity Fellowship
  • Stanford Reliance Dhirubhai Fellowship
  • Stanford USA MBA Fellowship
External scholarship limit so that Fellowship amount will not be reduced$30,000$20,000
Average student loan at the time of graduation$87,000$86,929
Africa FellowshipGlobal Opportunity Fellowship(GO:AfricaThe Stanford Africa MBA Fellowship Program pays for tuition and associated fees (approximately US $170,000) for citizens of African countries with financial need.


4) Class profile


class profile
HarvardStanford
Total applicants98867797
Class size930419
Acceptance rate9.4%5.37%
Women41%41%
International37%42%
U.S. Minority26%27%
Average GPA3.713.72
Undergrad Majors Humanities and social sciences17%48%
Undergrad Majors STEM37%34%
Undergrad Majors Economics and Business46%18%
From U.S. Institutions13481
From Non U.S. Institutions15491
Countries represented6963
Average age27Not available
Average months of work experience5452


5) Pre MBA Industry


Pre MBA Industry
HarvardStanford
Consulting16%19%
Governement/Education/Non-profit8%10%
Military5%2%
Venture capital/Private equity16%21%
Financial services11%6%
Clean Tech/Energy6%3%
Industrial/Heavy manufacturing4%3%
Consumer products and services6%7%
Health care7%4%


6) Post MBA career(Class of 2017)


Post MBA career
HarvardStanford
Size937392
Median base salary$135,000$140,000
Median signing bonus$25,000$25,000
Median other guaranteed compensation$25,000$50,000
Job offers95% received job offer88% of students received a job offer by 90 days post-graduation.


6.1) Post MBA career(Industry destination)


Industry destination
HarvardStanford
Technology16%25%
Finance31%32%
Consulting23%20%


6.2) Post MBA location


Post MBA location
HarvardStanford
Western United States25%62%
Northeast United States44%16%
International13%11%


7) Ranking


Ranking
HarvardStanford
GMAT Club user rating4.7 out of 5 (36 reviews)4.7 out of 5 (15 reviews)
U.S.News ranking in Best business school#1#4
U.S.News ranking in Accounting#21#6
U.S.News ranking in Supply chain/logistics#21#8

* U.S.News ranking in the remaining sub categories are approximately the same.

Source: The above data has been collected from websites of Harvard Business school and Stanford business school.
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Harvard MBA vs Stanford MBA  [#permalink]

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New post 10 Jan 2019, 17:28
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Great summary. I also remember seeing a Businessweek statistic that students who received an admit in both Harvard and Stanford MBA overwhelmingly chose Stanford. Harvard's core is Wall Street and Stanford's core is Silicon Valley, and more students choosing the latter may be a reflection of changing aspirations from Gordon Gekko to Steve Jobs.
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Re: Harvard MBA vs Stanford MBA  [#permalink]

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New post 22 May 2019, 07:40
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great summary
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Re: Harvard MBA vs Stanford MBA   [#permalink] 22 May 2019, 07:40
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