STANFORD MBA PR OGR AM

Stanford Graduate School of Business

Change Lives. Change Organizations. Change the World.

MBA Admissions Office Stanford Graduate School of Business 518 Memorial Way Stanford, CA 94305-5015 USA 650.723.2766

www.gsb.stanford.edu/mba

WELCOME
Change Lives. Change Organizations. Change the World.
Organizational LeadershipA Noble Pursuit 2 An Enduring FoundationKnowledge and Collaboration 6 8 10 12 18 22 A Lifelong CatalystReal Community 26 30 34 35 36 38 39 No Matter Your PathLeave Your Imprint 42 44 46 The Next StepApply 48 51

A World-Class FacultyLeaders in Thought Research CentersBridging Theory and Practice More Than One Way to LearnOur Teaching Methodology Core CurriculumGrounding You in the Basics Tailoring Your Second-Year Selections Life and Learning Beyond the Classroom The Global Management Program The Public Management Program Campus HousingA Hub for Living The Stanford University Connection The Alumni NetworkA Lifelong Community Career Management Resources Make Your Mark Financial Aid

O R G A N I Z AT I O N A L L E A D E R S H I P
Anyone can work in an organization or offer advice on how to run it. Few people can lead one effectively. True leaders are defined more by action than by title and position. They inspire the people they lead and cause the organizations they serve to perform well. In modern society, managed institutions produce and deliver the vast majority of the worlds goods and services. Not limited to the private sector, managed institutions span the nonprofit sector, government, and every imaginable area of human endeavor. Those entities influence living standards for As a student of management, you ultimately will have opportunities to lead these enterprises. As a student at the Stanford Graduate School of Business, you will be well prepared for that responsibility. You will understand the general management principles that create an enduring foundation for leadership. You will have access to leading scholars who comprise our faculty and be exposed to innovative research that influences management theory and practice. individuals and societies throughout the world. Thats why effective organizational leadership plays a vital role in shaping and improving our world.

A NOBLE PURSUIT
At Stanford, however, fundamentals are only the beginning. Outstanding leadership skills are developed more by experience and observation than in the classroom, which is why you will have many opportunities to interact with and to learn from some of the most successful business and social-sector leaders in the world. You will learn about communicating a vision, marshalling great minds around you, and developing strong relationships and relational skills. You will collaborate and motivate. You will learn to approach problems with creativity and disciplined thought. You will benefit from the diverse perspectives of colleagues who hail from around the globe. In short, you will learn about the art of leadership as well as its science.
Robert L. Joss Philip H. Knight Professor and Dean Stanford MBA 67, PhD 70

We believe that organizational leadership is a noble pursuit. Effective, outstanding business and social-sector leaders have a greater potential for influence than ever before in history. If your passion is to lead organizations to impact the world in significantand meaningful ways, we want to hear from you. I welcome your interest in management education and thank you for considering the Stanford Graduate School of Business.

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In addition to improving the skills I developed while working in investment banking and private equity, I am learning the qualitative skills that come with being a successful global manager. Leadership means more than strategically analyzing a business situationit requires an ability to inspire others while motivating them to work toward a common goal. The collaborative environment at the GSB encourages us to learn and practice the art of leadership everyday. Farah Khan, 04 Mount Holyoke College Apax Partners

The GSB culture encourages, and expects, risk-taking. Youre challenged to stretch yourself academically with MBA classes, and you have the opportunity to sample courses from other schools within Stanfordfrom engineering to public policy to environmental science. You learn to question your own limits. You learn to assert yourself, persuade others, and view issues from different perspectives. You gain insight into your own experiences, priorities, and aspirations. Ultimately, you refine your goals. Ive learned much about my own leadership potential, as well as enabling others to achieve theirs. I arrived seeking the skills to become a better businesswoman. Along the way, I found the path to becoming who I aspire to be as a leader. Connie Coulomb, 05 University of Buenos Aires Merck Sharp & Dohme
Through my experiences in the Air Force and here at Stanford, Ive observed tremendous consistency in the qualities necessary for success in military service and in business. The GSB has provided me with an excellent opportunity to refine those talents and at the same time focus on and improve my analytical abilities. I now have a solid foundation of quantitative skills, including microeconomics and statistics, with which I can confidently and rigorously approach any management challenge. Jason McMillan, 04 University of Pennsylvania United States Air Force

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A N E N D U R I N G F O U N D AT I O N
Stanford MBA students share one commonality: a desire to stretch themselves to realize important life goals. Like all successful leaders, they recognize gaps in their knowledge and skills. They seek new experiences to broaden their perspectives, and they hone their abilities to anticipate and manage change. At Stanford, we provide the education that best prepares leaders for their chosen path. Here, youll build an enduring foundation of knowledge within an extraordinary community that will serve you well throughout your life.
LEARNING FOR A LIFETIME

A world-class education rests on an enduring knowledge base of frameworks and essential leadership skills. Building on the foundations of analytical skills and social sciences, we focus on management disciplinesaccounting, finance, human resource management, management information systems, marketing, operations, and strategy. We layer these disciplines into an educational framework focused on leadership, entrepreneurship, global awareness, and social responsibility. We place special emphasis on the general management perspective with capstone courses that are cross-disciplinary, crossfunctional, and integrative. With our flexible program, you can tailor your MBA studies to ensure a graduate management education that brings you within reach of your goals.

The supportive culture and academic rigor combined with a vibrant and fascinating life outside of the classroom make Stanford a truly incredible place to learn. Expect to be challenged, perhaps even humbled. At the same time, plan to thrive in our extraordinary community.

K N O W L E D G E A N D C O L L A B O R AT I O N
We balance a rigorous curriculum with an intimate, collaborative community. Our 6-to-1 student-to-faculty ratio delivers more faculty contact hours per student than any other graduate business program. Working with a world-renowned faculty that includes three Nobel laureates and leaders of the business world will challenge your thinking. Your studies and experiences will give you the foundation to undertake leadership roles in organizations throughout your career.
CHALLENGE YOURSELF AND TRANSFORM YOUR LIFE

You will continually stretch your mind, broaden your perspective, and refine your goals at the Stanford Graduate School of Business. A diverse group of highly motivated classmates, small study groups, and extracurricular activities will teach you almost as much as your formal classroom studies. Our entrepreneurial environment will help you channel your energies and fire your enthusiasm. This is a transformational educational experience that will provide a foundation of knowledge that will last a lifetime.

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A World-Class FacultyLeaders in Thought

Consistent with the Schools mission, our faculty are not only accomplished teachers but also leaders renowned for their roles in developing cornerstone theory, authoring leading texts, and advancing management thinking. Among our faculty are three Nobel laureates, three members of the National Academy of Sciences, twelve members of the American Academy of Arts and Sciences, and two recipients of the John Bates Clark Medal in economics. Much of their work forms the heart of core courses in economics, human resource management, and strategy.

Peter Henrys study of inflationary trends in developing markets and testimony on free trade before the U.S. Congress Charles Horngrens pioneering work in modern management accounting Jerry Porrass, Charles OReillys, and Jeffrey Pfeffers books about organizational behavior, which are widely used in academia and the business community Paul Romers advocacy for the use of technology and research in growing the world economy James Van Hornes textbooks, which are widely used to teach financial management, and research on the value of pollution credits

Bringing their ideas into the classroom, our faculty give students first access to the latest research before it filters into consulting firms and major corporations. Selected examples of work by our faculty include:
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Our faculty members often invite leading practitioners to help students test ideas against real-world experience. Professor George Foster created Sports Business Management and teaches it jointly with legendary football coach Bill Walsh. The highly popular Strategy and Action in the Information Processing Industry is taught by Professor Robert Burgelman and Andy Grove, chairman and former CEO of Intel. Professor Rod Kramer coteaches Working in the Film and Television Industry with Oscar winner William Guttentag. Whether teaching or conducting research, our faculty demonstrate outstanding management scholarship.

Jennifer Aakers research on how brand personalities impact customer relationships and help brands recover from mistakes Mary Barths service as the only U.S. academic named to the International Accounting Standards Board Darrell Duffies and Kenneth Singletons finance research on credit risk measurement and pricing Thomas Hellmanns research into the effects of venture capital on entrepreneurial firms

The best job in the world is being a faculty member at Stanford. I get to work with bright, accomplished students who are committed to learning and becoming better leaders and managers, and with great colleagues. I can take my research on negotiations and team performance and watch its impact on my students as they go out into the world. What could be better? Margaret Neale John G. McCoyBanc One Corporation Professor of Organizations and Dispute Resolution

Being in the classroom is a source of continual stimulation for me. I endeavor to get students involved in a forum for ideas and interaction. No matter what pedagogy I use, my students are active participants. They teach each other, and they teach me. Often this is through the case method, but it is also through substantive discussion of issues. James Van Horne A. P. Giannini Professor of Banking and Finance

Macroeconomics gives meaning to the word globalization. My research centers around how public markets can strengthen developing economies around the world. Engaging a group of intelligent and genuinely curious MBA students at Stanford forces me to demonstrate why this is the case. Our small class size gives me the opportunity to do so over lunch, as well as in the classroom. Peter Henry Associate Professor of Economics

My membership on the International Accounting Standards Board (IASB) creates synergies with my teaching at the GSB. I really like to obtain input from classroom discussions with my students on topics on the boards agenda. These discussions help me formulate my views on the topics and give students real-time insight into what is happening in global standard setting. Recently, I taught a second-year elective in Financial Reporting for Mergers, Acquisitions, and Other Corporate Structure Changes, while accounting for business combinations was being debated actively at the IASB. My students got hot off the press thinking on key issues. Mary Barth Atholl McBean Professor of Accounting and Senior Associate Dean

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Research CentersBridging Theory and Practice

After establishing a base of analytical tools, management functions, and a general management perspective, the GSB layers practical knowledge and experience with an understanding of leadership, entrepreneurship, global awareness, and social accountability. Every MBA student is encouraged to take advantage of opportunities provided by the Center for Leadership Development and Research (CLDR), Center for Entrepreneurial Studies (CES), Center for Global Business and the Economy (CGBE), and Center for Social Innovation (CSI). The result is an MBA experience that strengthens your effectiveness in the organizations that you will lead.
GROWING IN SELF-KNOWLEDGETHE CENTER FOR LEADERSHIP DEVELOPMENT AND RESEARCH

Leadership Development Platform. Co-curricular activities complement coursework by providing opportunities to hear from speakers and to apply classroom concepts in business simulations, learning labs, and leadership workshops. Ongoing assessments and developmental coaching will enable you to reflect on and integrate these experiences while continuing to develop your personal leadership style.
www.gsb.stanford.edu/cldr FORMING NEW VENTURES THE CENTER FOR ENTREPRENEURIAL STUDIES

By studying growing companies, you develop an appreciation for managements interdisciplinary nature and can more easily see the connections across various business functions. You also learn the importance of thinking and acting with a sense of ownership, regardless of the size or stage of an organization. Through research, case studies, and student initiatives, the Center strives to understand the issues faced by entrepreneurial companiesand, critically, applies that learning to companies of all sizes. Classes and speakers help demystify the process of evaluating, funding, and managing a growing enterprise. To better understand the challenges of building a business, you can pursue an internship with an early-stage company. Teaming with the Center, students hold an annual Conference for Entrepreneurship.
www.gsb.stanford.edu/ces

Effective leaders demonstrate self-awareness, work effectively with teams, and understand different leadership styles. Therefore, we want you to learn as much about yourself as possible during the MBA Program. As leaders trying to effect positive change, skills such as good listening, communicating, and giving and receiving feedback will be critical to influencing organizations successfully. The Center initiates and supports activities that advance leadership study and practice. Not only is leadership a science, but it is also an art and, as such, requires practice. By taking a broad-based approach, the Center offers you an unmatched opportunity to tailor your leadership learning experiences through the

SEEING BEYOND BORDERSTHE CENTER FOR GLOBAL BUSINESS AND THE ECONOMY

C R E AT I N G S O C I A L I M PA C T T H E C E N T E R F O R S O C I A L I N N O VAT I O N

Because many organizations operate in a global economy, you need to understand the challenges of global competition. As the interconnection of the world increases through the flow of capital, people, goods, and cultures across national borders, global management skills become even more important. The Center sponsors speakers, research, and teaching on critical global management issuesunderstanding why some economies develop better and faster than others; creating corporate cultures that function well across cultures; and ensuring that a global economy also creates a better society. You can earn the Global Management Certificate, complete international internships, and participate in international study trips through the Centers Global Management Program.
www.gsb.stanford.edu/cgbe

Businesses are not only economic institutions but also social institutions that profoundly affect and must earn the trust and respect of their communities. The Center fosters innovative solutions to social problems by enhancing the leadership, management, and organizational capacity of individuals and institutions pursuing the creation of social and environmental value. You can participate in innovative research, teaching, and community engagement programs that focus on corporate social accountability, education, environmental sustainability, philanthropy, and social enterprise. Through related coursework, workshops, and outreach initiatives, you gain awareness, enhance your knowledge, and build your skills. You can formally complement your MBA studies with the Certificate in Public Management.
www.gsb.stanford.edu/csi

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More Than One Way to LearnOur Teaching Methodology

There is a difference between knowing the answer and implementing the solution, and that gap cannot be bridged by one teaching method exclusively. In fact, management success requires quite the opposite. Adapting to a continuously changing business world requires flexibility, creativity, and discipline. Similarly, different management disciplines require different teaching methods, and our class formats vary to best suit the subject and material being covered. Our faculty design coursework to sharpen your ability to anticipate and understand the array of challenges that you will face throughout your career. Youll benefit from a range of teaching methods theoretical overview, discussion, case study, simulation, problemsolving session, role play, and team project. Regardless of the teaching method, your active participation will bring topics alive.

Courses are enriched by real-life illustrations. For example, investor Warren Buffett has participated frequently in finance classes taught by Professor Jack McDonald. In an operations group project, a virtual factory created by two faculty members runs 24 hours a day and simulates all the decisions that a manager would face. Student teams must cope with issues such as supply shortages and excess orders and make real-time decisions. Hands-on involvement facilitates developing essential general management knowledge and leadership skills.

Having been in finance for my entire working career, I was excited to broaden my exposure at school. What I found at the GSB far exceeded my high expectations. I am fortunate to listen to and learn from my classmates from so many different careers and with diverse cultural backgrounds and perspectives. For example, when discussing the impact of China on the global economy in my strategy class, four of my Chinese classmates presented their first-hand experiences of the political changes taking place within China and what its like to do business there. My classmates force me to look at situations differently, to challenge my thinking, and ultimately to grow as a person and a professional. I really feel as though I am getting the full experience. I am certain that I can rely on my classmates, professors, and alumni to support and assist me in my future role in the business world. When I leave the GSB, I will be better equipped to bring a more global perspective to the challenges that business leaders face today. Peter Masucci, 04 University of Iowa Kohlberg Kravis Roberts & Co.

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This is a place where you work hard and play hard, and help each other most of all. I personally feel a certain amount of responsibility to help my classmates be successfulwhether that is in the job search, class preparation, or getting the most out of the intensity of business school. I know Ive been able to tap into my classmates in these areas, and it has been a key part of the GSB experience for me.

LEADERSHIP DEVELOPMENT AND COLLABORATIVE LEARNING

Our collaborative culture creates an exceptional learning environment that hones vital leadership skills. The Center for Leadership Development and Research has created a comprehensive Leadership Development Platform that exposes you to a range of leadership perspectives, allows you to experiment, provides feedback mechanisms, and helps you integrate experiences into your personal leadership style. Small learning groups, called Bridge Teams, offer a rich venue for learning how to work with others, influence a diverse group of individuals, and take responsibility as a leader and active follower. Through labs, projects, and events, youll experience working as part of a team to achieve common objectives with real consequences.

Our grading system also supports our learning environment. Grades are importantthey provide you with consistent feedback on your performance. However, we encourage you to choose courses to expand your knowledge and build a base for effective leadership, not merely to remain within your areas of expertise or familiarity. Our collaborative culture frees you from focusing on grades and enables you to take academic risks and broaden your general management skills.

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Study groups help in preparation for class by bringing different perspectives to the table, and they also build friendships. Whether its discussing economic value add over lunch, meeting after class to work on our project, or making decisions about how many new machines to purchase in our manufacturing simulation, Im getting to know my classmates on a personal level. Furthermore, many of them have incredible stories my last study group partner had climbed Mt. Everest! Susie Cranston, 04 Stanford University McKinsey & Company

One thing that amazes me about the GSB is the amount of learning that takes place outside the classroom. Working in groups is encouraged and emphasized in all aspects of GSB life because it makes us especially cognizant of the thoughts and feelings of others. This awareness has helped me develop different styles of interaction and has made me a more effective leader. Eric Liu, 04 Harvard University Draper Fisher Jurvetson

The experience I have gained working with my peers in study groups has contributed tremendously to my personal growth. Study group dynamics are shaped by the different work experience of team members, and working together successfully requires us all to be both teachers and students. We have to be good listeners as well as good communicators, which encourages us to experiment with the different principles and leadership approaches we have discussed in our classes. In essence, our classes really come to life in our study groups. Elizabeth Rodriguez, 04 Washington University Gambro Healthcare

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Core CurriculumGrounding You in the Basics

During your first year, you will focus on the core curriculum. Core courses enable you to build an analytic and social science foundation, learn fundamental management functions, and understand how those functions integrate into social, economic, and political environments. The core curriculum firmly grounds you and your classmates in basic business disciplines and enables you to progress from a common knowledge base. Exemption exams are available in some core subjects, while other subjects may have flexibility in terms of depth and quantitative expectations. If you pass an exemption examination, you may take a GSB or non-GSB elective. In some areas, advanced turbo core courses are available if you enter with extensive subject knowledge and wish to explore the topic in greater depth. If you do not have a quantitative background, you may have the option of poet courses in some core subjects. Poet courses cover the same material as the standard core courses, but in an environment tailored to those with less quantitative preparation.

F I R S T- Y E A R C U R R I C U L U M Pre-Term Courses Ethics Managing Groups and Teams Modeling in Excel Fall: Foundations Data and Decisions Dynamics of Organizations Financial Accounting Managerial Economics Modeling for Quantitative Analysis Organizational Behavior Winter: Functions Finance Management in an Information Age Marketing Management Operations Strategy and Organization in the Global Economy Spring: Capstone Human Resource Management Managerial Accounting Strategy in the Business Environment Elective courses

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The coordination of all the professors throughout the core was amazing. My marketing professor knew what we studied in Operations, my economics professor built on concepts we learned in Data and Decisions, and the courses in the spring quarter pulled together everything we learned in the fall and winter quarters. Marco Petta, 03 University of Western Ontario Citigroup

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The MBA Program is a springboard for leaders. The beauty of the experience is that we are continuously learning from each other, which pushes us to become better leaders ourselves.
The spring quarter has been amazing because all of the analytical techniques and management functions weve studied are coming together. Now I can see how operations theory connects with finance and how organizational design influences efficiency in business planning. It seems like every day a new light comes on as the interdisciplinary understanding becomes tangible. Dana Underwood, 04 Northwestern University REM Design My fellow students bring so many different perspectives to the classroom. Since my experience is with a traditional Japanese enterprise, Ive appreciated hearing the perspectives of my classmates who have worked for a European multinational, a South American coffee farm, and a U.S. startup. The quality of the discussion and debate in class is enhanced by the unique experiences each classmate has had. Masahiro Koike, 04 Keio University Tokyo Marine and Fire Insurance Co. The supportive environment here is difficult to describe in words. No matter what your interests or what you want to try, the community here will support your endeavors. The broad community participation I witnessed when I was president of Out4Biz, the GSBs gay, lesbian, and bisexual organization, reinforced the sense of collaboration that permeates the atmosphere. Cecilia OReilly, 03 University of Chicago Lucent Technologies

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Tailoring Your Second-Year Selections

In your second year, you may choose from elective courses that broaden your experience and perspective, build detailed knowledge in a specific area, develop your skills, or simply spark your interest. Electives also enable you to shore up weak areas and ensure the solid foundation in general management that is required for effective organizational leadership. We encourage you to take risksthis is

For example, your second-year course schedule could be:

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Brand Planning Costs and Benefits of Healthcare Ethics and Global Business Global Financial Reporting High-Performance Leadership Incentives and Productivity International Corporate Governance Interpersonal Dynamics Management of Growing Enterprises Options and Futures Real Estate Investment Social and Nonprofit Marketing Sports Business Management Supply Chain Management Sustainable Ecotourism

a good opportunity to stretch yourself beyond your comfort zone.

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We offer a variety of elective courses that evolve as the business world and students interests change. Approximately 50 percent of our electives are new every five years. Because Stanford follows the quarter system, you will have the opportunity to take up to
18 electives during your second year. Second-year MBA students

typically take about 14 electives.

Please visit our Web site at www.gsb.stanford.edu/mba for a complete listing of electives.

Management is not one-size-fits-all or one-perspective-fits-all, and management education is not one-style-fits-all. We aim to teach each course, and even each topic in each course, in the method that is most effective for the students and the instructor.

An independent study course is also available. Students, individually or in a group, may propose a specific project to a faculty member who then agrees to guide the work and grant academic credit. Recent independent study topics include:
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As an MBA student, you may take Stanford University classes outside of the Business School and apply up to 16 units of credit toward your MBA degree. Some students pursue a second masters degree while others take specific courses such as Manufacturing Systems Design, Second-Year Japanese Language, or Urban Education. Joint degree programs are available with:
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Career Transitions: Business to Politics Corporate Governance in the Semiconductor Industry Influence of Internal Networks in the Entertainment Industry

School of Education School of Law School of Medicine

Second-Year Seminars also offer opportunities to explore possibilities and expand your knowledge. These intensive one-week electives are structured around faculty research topics and are offered before fall quarter officially begins. Five to 12 students meet daily with a faculty member for in-depth study. Recent seminar topics include:
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MBA students interested in environmental and resource issues may pursue a dual Master of Science through the Interdisciplinary Graduate Program in Environment and Resources (IPER). Others take classes for the Alliance for Innovative Manufacturing (AIM) certificate in Product Creation and Innovative Manufacturing, which is jointly offered by the School of Engineering and the Graduate School of Business.

Financial and Behavioral Economics in Sports Betting Genius and Folly: Creative Leadership Working for Change for Women in Organizations

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My primary reason for pursuing a graduate business degree at Stanford was the personal growth I would gain from being part of the business schools extremely diverse student body. The Stanford GSB is a truly international place with more than 60 countries represented. My classmates have an immense wealth of cultures, backgrounds, and experiences. The opportunity to study, live, and develop friendships with them is one of the aspects I love most about my MBA experience. I cannot imagine a more exciting and challenging environment in which people can maintain their individuality and uniqueness, while exploring and learning from a multitude of different perspectives. I have been actively involved in the Europe Club and the International Committee, two of the many organizations that represent the diversity of the School. One of the great things about the GSB is the wide variety of opportunities to pursue your passions and develop your leadership style within this amazing community. Merel Venneman, 04 Erasmus University Rotterdam The Boston Consulting Group

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A LIFELONG CATALYST R E A L C O M M U N I T Y
Stanford MBA students often refer to their classmates as amazing or incredible. Whether they worked in corporations, managed nonprofits, taught school, were star athletes or artists, or became the first in their family to graduate from college, they have excelled. Their common passion to succeed promotes a stimulating intellectual climate and a strong desire to pursue excellence beyond what they imagined was possible.
I N T I M AT E S C A L E S T R O N G R E L AT I O N S H I P S

By the time you graduate, you will have met each person 370 other unique individualsin your class. With core classes averaging
60 students and elective classes containing as few as 12 students,

you will interact with professors both inside and outside of the classroom. Youll also have the opportunity to work closely with the professionals in the MBA Career Management Center and other student resource centers. Close working relationships at all levels enable you to influence decisions that directly affect students. At the Stanford Graduate School of Business, everyone makes a difference. And at the end of two years, you will have built a lifelong community of colleagues and friends.

One of the incredible things about the GSBs cooperative culture is that it pervades all areas of the School. Students reach out to help each other in the classroom and then carry this same spirit of generosity into their extracurricular life as well.

INTELLECTUAL DIVERSITY STIMULATES RICH INTERACTIONS

Youll quickly move beyond names, demographics, and work histories to connect with some of the most fascinating people youll ever meet. We believe that diversity is an asset, and that collaboration leverages students diverse backgrounds to deliver a range of approaches to real-world problems and ultimately, better management solutions. An unlimited variety of perspectives, experiences, passions, values, and goals guarantees that you will learn tremendously from your classmates.

You are expected to share your knowledge and skills with students and faculty in the community as well. For example, an ordinary day finds a second-year student tutoring a first-year student on a difficult economics concept. Classmates help each other work through a strategic marketing case over lunch. During exams, students convert study areas into public war rooms filled with class notes and staffed with student volunteers to provide extra coaching. Stimulating classmates, intellectual prowess, and an open, collaborative setting there is an abundance to share. Small class sizes, high performance standards, and a variety of viewpoints combine to form a strong community and catalyze innovation on an uncommon scale.

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Having worked in politics and public relations before coming to the GSB, I spent a lot more time building communications and marketing campaigns than on accounting, operations, or finance. I had no idea how supportive the GSB community would befellow students, administration, and faculty are all committed to giving you the tools you need to succeed. I chose Stanford because the culture seemed consistent with my values. In retrospect, I couldnt have been more right. Heather Mirjahangir, 04 University of California, Berkeley Blanc & Otus

One of the main reasons I chose Stanford was because I wanted to be and feel that I was part of a community. During Admit Weekend I knew I had made the right choice. I was not only impressed but also inspired by the level of enthusiasm, effort, and commitment students have toward building a community here. Student-driven clubs, study trips, leadership banquets and conferences, charity auctions, and mentoring programs are just a few of the initiatives that help create a strong sense of family, community, and commitment here at the GSB. Yunaima Hernandez, 04 Manhattan College Kraft/Nabisco

No matter what your interest from photography to venture capital to ultimate Frisbee there was always someone organizing an event at which all were welcome. The GSB encouraged students to follow and share their passions with others and gave us support along the way. Stefan Moores, 03 Queens University Victor International

One of the greatest things at the GSB is the range of opportunities for learning. Ive learned theories and concepts and then applied that knowledge to real-world situations through group projects, case studies, and club activities. Not only am I learning in the classroom at the GSB, but also Im involved in the broader community. Through tutoring a second-grade student, I'm improving my ability to relate to other people and make a difference. Theres nothing better than helping someone else to put your own challenges in perspective. Brett Snyder, 04 George Washington University America West Airlines

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Life and Learning Beyond the Classroom

Your educational experience will be intense, but youll have ample opportunity to enjoy life as well. The Stanford Graduate School of Business supports events, activities, and more than 60 clubs that run the gamut from purely social to strictly professional. Students also create informal get-togethers, weekend jaunts, and other unofficial activities. In addition, families are welcome at virtually all activities. With the number of new activities that emerge each year, balancing time demands and conflicting interests likely will be a leadership challenge that youll face from your first day on campus.

Books on Break, a program encouraging students, staff, faculty, and alumni to interact through book groups Challenge for Charity, a fundraising and sports competition among West Coast business schools benefiting Special Olympics Epicureans @ the GSB (e@t), a club that hosts small-group theme dinners Future of Entertainment Conference, which brings together leading executives, alumni, and students to debate the future of film, television, music, and publishing Hispanic Business Students Association, a club that hosts the annual Jerry Porras Latino Leadership Banquet honoring GSB alumni Liquidity Preference Function (LPF), a club-sponsored community gathering held each Friday for faculty, students, and staff to socialize, relax, and make plans for the weekend Small Group Dinners, a program in which students host fellow students and faculty Start Up, a program that tutors small business owners in East Palo Alto Take a Professor to Lunch, a program supporting informal interaction between students and faculty Women in Management, a club that provides mentorship, guidance, and a forum for education and the exchange of ideas on issues that women in leadership roles face

Clubs and activities include, but certainly are not limited to:
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Asian Society, a club seeking to promote social networking opportunities among students of Asian origin or descent, as well as students who are interested in Asian culture Biz Partners, a club run by partners of current students that organizes social events and offers resources to help MBA partners and families settle in and become part of the GSB community Black Business Students Association, a club that unites African American students to support personal and professional development and hosts an annual event

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This is what the GSB is all about. Last week we had Jeff Immelt from GE, Monday we had John Browne of British Petroleum, and today I spent time with General Wesley Clark.

Student organizations also invite business and social-sector leaders to share their insights. Speaking formats range from small workshops to standing-room-only presentations. Recent speakers include:
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Deryck Maughan, CEO, Citigroup International Henry McKinnell, Chairman and CEO, Pfizer Forrest Miller, Group President, SBC Communications Jorma Ollila, Chairman and CEO, Nokia Myrtle Potter, COO, Genentech Steven Reinemund, Chairman and CEO, PepsiCo Kevin Roberts, CEO, Saatchi & Saatchi George Shultz, former U.S. Secretary of State Thomas Staggs, Senior EVP and CFO, The Walt Disney Company Anne Sweeney, President, ABC Cable Networks Sidney Taurel, Chairman, President, and CEO, Eli Lilly and Company Richard Wagoner, CEO, General Motors James Wolfensohn, President, The World Bank Group

Oscar Arias Sanchez, Nobel Peace Prize recipient Katherine August de Wilde, COO and EVP, First Republic Bank Lauren Dutton, Partner, New Schools Venture Fund Richard Galanti, Senior Vice President and CFO, Costco Wholesale Louis Gerstner, Chairman, IBM Carlos Ghosn, President and CEO, Nissan Motor Company Al Gore, 45 Vice President of the United States
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Yair Landau, Vice Chairman, Sony Pictures Entertainment Ann Livermore, EVP, Hewlett-Packard Services Candace Matthews, President, Soft Sheen-Carson p 31 A Lifelong CatalystReal Community

After much deliberation, I chose to attend the GSB immediately following my college graduation. At the Virginia Military Institute, I took advantage of the many leadership opportunities available within the Corps of Cadets, and I learned a great deal about leadership at a relatively young age. I saw the GSB as a place where I could develop and hone my leadership and management skills, as well as get a head start on my career. The experience has been inspiring, stimulating, and humbling all at the same time. My classmates are bright, accomplished people whove opened my eyes to industries and opportunities I never before imagined. Interacting with them on a daily basis has inspired me to raise my career and life goals to new levels. Ive gained confidence in my ability to lead organizations and effectively analyze complicated business problems. The tools I have acquired here, both in and out of the classroom, will be valuable and applicable to all aspects of my life beyond the GSB. Wes Swank, 05 Virginia Military Institute

p 33 A Lifelong CatalystReal Community

The Global Management Program

Regardless of your focus, gaining a global perspective is vital for successful leaders. For this reason, we integrate international issues into core courses and offer electives focused exclusively on international topics.

IMMERSE YOURSELF

The GMP oversees other global activities and resources, in addition to the academic certificate, including:
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FOCUS YOUR INTERESTS

For students preparing to work in the global arena, the Global Management Program (GMP), part of the Center for Global Business and the Economy, offers an academic certificate within the MBA. In 2004, more than one quarter of the class earned the
GMP Certificate. To earn the certificate in global management,
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Global Management Immersion Experience (GMIX). This program enables you to experience global business directly through month-long internships. Recent GMIX internships have placed students in China, Ecuador, England, France, India, Japan, the Republic of Georgia, Senegal, Singapore, Switzerland, and Tanzania. Student-led study trips. These study trips enable you to broaden your global perspective by meeting with business and government leaders in countries as diverse as Australia, Brazil, China, Cuba, India, Russia, and South Africa. Career resources. The GMP and the MBA Career Management Center work together to build recruiting relationships with select global companies. The GMP also advises students interested in international careers, including international development. Global speaker series. The series attracts international leaders from business, academia, government, and the nonprofit sector. International student clubs. The clubs host lectures and smallgroup discussions to build the community of students, faculty, staff, and alumni interested in international issues.

you must complete a series of five electives with an international focus. Each year the GMP offers approximately 30 electives covering accounting, economics, finance, human resources, operations, organizational behavior, political economy, and strategic management.
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The Public Management Program

The first MBA Program to offer a certificate in public management, Stanford has prepared social-sector leaders for more than 30 years through the Public Management Program (PMP). Today, the PMP, as part of the Center for Social Innovation, remains the premier program preparing MBA students to apply their management skills to areas of social concern.
B U I L D I N G A S T R O N G F O U N D AT I O N

PROVIDING EXPERIENCE

Clubs, events, and study trips provide experiential learning opportunities. The PMP brings noteworthy guests to campus, such as entrepreneur and author Paul Hawken, the founder of Smith & Hawkin, and Body Shop founder Anita Roddick. During 20032004, more than 100 first-year students served on the boards of local nonprofits through the Board Fellows Program, where they contributed to the organizations missions and learned about effective board management.
SUPPORT FOR SOCIAL-SECTOR CAREERS

Almost all MBA students take at least one PMP elective and more than 25 percent went on to earn a PMP Certificate in 2004. With almost 30 PMP electives to choose from, students build a strong academic foundation in areas such as public and nonprofit management, social entrepreneurship, international development, environmental sustainability, corporate social responsibility, and philanthropy.

The GSB provides access to hundreds of career positions in the social sector. Two PMP programs make it financially feasible for students to take on social-sector positions. The Stanford Management Internship Fund (SMIF) subsidizes the salaries of students who take summer internships with nonprofit or public organizations. The Loan Forgiveness Program helps pay graduates GSB loan obligations while they work in qualifying organizations.

p 35 A Lifelong CatalystReal Community

Campus HousingA Hub for Living

Just a few blocks from your classrooms, the Schwab Residential Center offers a social hub for MBA students. Schwab houses approximately 200 first-year students in a community of small, modern apartment buildings. Residents share access to beautiful open courtyards, comfortable lounges, a computer lab, study rooms, and exercise facilities. Each student has a private living area and bath, plus a shared kitchen. The Center is adjacent to sports venues and the Universitys main athletic facilities. MBA students who do not live in Schwab frequently visit the Center to meet with classmates and use its resources.

Given the option to live where my next-door neighbors were two-thirds of the first-year MBA class, I went for it, said one resident of the Schwab Residential Center. Its a perfect combination of student residence and private apartment. Added a classmate, Its as big as my studio in Manhattan. Convenient campus housing for couples and families is just down the street from the Schwab Residential Center in Escondido Village, which offers one-, two-, three-, and four-bedroom apartments in a neighborhood environment. Students who wish to live off campus can choose from a variety of apartment and home rentals near the University to meet almost every need.

My wife and son love Stanford as much as, if not more than, I do. Our small community in Escondido Village includes graduate families from Argentina, Canada, Germany, India, Japan, Korea, Mexico, Nigeria, Singapore, and Uruguay. Because Escondido Village is a short bike ride from classes, I can come home throughout the day to spend time with my family. Thanks to the many cultural events, social gatherings, and informal playgroups, we all feel right at home. Peng Du, 05 Tsinghua University Freudenberg Household Products Ltd.

One incredibly rewarding aspect of my GSB experience involved serving as a Board Fellow for a Palo Alto-based womens health organization, the Community Breast Health Project (CBHP). As a Board Fellow, I had the opportunity to sit in on board meetings and to work closely with CBHPs executive director and staff on a project that will have a real impact on their programs and performance. Because I hope to serve on the board of a nonprofit arts organization someday, this early opportunity to observe the inner workings of a nonprofit board was invaluable. . Kristin Lundquist, 03 Duke University LOral USA

I had anticipated meeting bankers, engineers, entrepreneurs, and marketers, and looked forward to exchanging ideas with classmates from all around the world. What I hadnt expected was meeting an Olympic gold medalist, an expert in microcredit banking in Bangladesh, a ballerina, and a Navy SEAL. All of these people enriched my education and became an integral part of the GSB experience. Elaine Wong, 03 Massachusetts Institute of Technology The Carlyle Group

From the moment I walked in the door, I felt a sense of responsibility to become involved in clubs and activities. Starting day one, there are always leadership positions that need to be filled. Saar Gur, 03 University of Wisconsin, Madison Hackman Capital Partners

p 37 A Lifelong CatalystReal Community

The Stanford University Connection

Stanford Universitys tradition as one of the worlds great research universities goes back more than 100 years. With more than
190,000 alumni worldwide, Stanford is widely recognized for its

with red tile roofs, reflects Californias early Spanish-mission heritage. Stanfords 8,100 acres include rolling foothills and the
1,200-acre open, parklike campus, designed by the architect

excellence in earth sciences, education, engineering, humanities and sciences, law, and medicine, as well as business. As a Stanford
MBA student, you will have access to all of the Universitys offerings,

of New York Citys Central Park. Thanks to its location near the southern end of San Francisco Bay, the campus enjoys a Mediterranean climate. Almost year-round, academic and social activities spill out of the classroom onto patios and lawns. Whether its an open-air reception, al fresco dinner, pick-up volleyball game, or jog to the Dish radio telescope, you can always enjoy fresh air and activity.

including libraries, sports facilities, cultural opportunities, and finearts events. You also will become part of an extraordinary Stanford legacy that has produced leaders in virtually every field. Whether youre seeing Stanfords campus from Palm Drive for the first or thousandth time, the view is breathtaking. Stanfords rich architectural history, exemplified by its sandstone buildings

Alumni are the cornerstone of the GSB community. My alumna mentor has been an incredible source of support; identifying with her interests and goals has spurred me on toward my future career path.

The Alumni NetworkA Lifelong Community

More than 23,000 Stanford Graduate School of Business alumni play leading roles in organizations around the world. Our highly selective MBA Program results in a uniquely committed and responsive alumni community. Relationships forged with classmates and faculty during your MBA experience become lifelong connections.
WHILE YOU ARE A STUDENT

S TAY I N G C O N N E C T E D

The Stanford Business School Alumni Association supports an ongoing connection through its Lifelong Learning programs. Faculty seminars, international conferences, suggested reading lists from faculty and alumni, video clips from current classes, and an online forum for interacting with fellow alumni will keep you challenged and engaged. As a GSB alumnus/a, you have full access to an online directory of fellow graduates, materials and databases in the Schools Jackson Library, career counseling, and professional development services. More than 40 alumni chapters throughout the world also sponsor a variety of programs that keep you connected to the School and each other.

As a student, you will interact with Stanford GSB alumni and you can be certain that when you have questions or seek advice, they will respond. Alumni willingly lend their experience, actively participating as mentors, class speakers, project resources, and recruiters. During your studies, you have access to these individuals via the online alumni database, mentoring programs, Alumni Weekend, international alumni gatherings, and numerous informal activities.

p 39 A Lifelong CatalystReal Community

I came to Stanford in the late 1960s, and I must have enjoyed itI spent four years here earning my
MBA and PhD degrees. I was attracted to Stanford for the usual reasons: great reputation, outstanding

faculty, diverse mix of students, and collaborative culture. I was interested in international business and Stanford fit that bill. The GSB teaches the tools of leadership, lessons I have used everywhere I have worked in my 33 years within three divisions and four countries with Pfizer. For me, though, there was far more to the Stanford experience than just learning how to manage effectively. I was here during the period of the Vietnam War. It was a time when people questioned the social worth of business, openly and often stridently. We had memorable discussions at Stanford about the role of business in society and about the responsibilities of business leaders beyond the balance sheet. Stanford helped me shape my vision of what a global company could do, and should do, to build both a profitable enterprise and a better world. Henry A. McKinnell, MBA 67, PhD 70 Chairman and CEO, Pfizer Inc.

p 41 A Lifelong CatalystReal Community

N O M AT T E R Y O U R P A T H
Career goals are personal, and we will help you determine the best steps to take to achieve a fulfilling professional life. Whether you already have a clear career focus or are open to exploring a range of new possibilities, we can inspire you, help you gather the information, make the contacts, and clarify appropriate steps to take in charting your course.
C H A N G I N G L I V E S , O R G A N I Z AT I O N S , A N D T H E W O R L D

Their goals are impossible to categorize. Our alumni are making their marks across business and social sectors by leading Global 1000 companies, spin-offs, and startups. In Africa, Asia, Europe, the Middle East, Latin America, and North America, our alumni are leading organizations. Their interests span from agricultural commodities to microchips. From sparking new ideas through education to revolutionizing deregulated industries to refashioning traditional organizationsStanford GSB alumni influence the world in meaningful, positive, and far-reaching ways. Their impact is limited only by their imaginations, and their Stanford MBA education has given them a powerful foundation for launching, sustaining, and enlarging their visions throughout their careers. What do you want to do? We can help make it happen.

When it comes to alumni achievements, we expect the unexpected. Whether they graduated last year or 40 years ago, Stanford GSB alumni make a difference around the world. Time and again weve seen graduates use their Stanford MBA experience as a springboard to reachand exceedgoals that they may never have imagined prior to arriving here.

Stanford showed me that there are worlds of unexplored opportunities. I see new ways to effect change that I had never even considered. The great part of the Stanford experience is that I learned the skills needed to take advantage of these choices.

L E AV E Y O U R I M P R I N T
REALIZE YOUR CAREER GOALS

Stanford MBA students dont fit a particular moldand neither do their career interests. The Schools MBA Career Management Center (CMC) offers valuable resources for exploring your options. Because the Stanford MBA Program is intimate and selective, we focus our efforts and energies on individualized counseling. With the highest career services staff-to-student ratio among peer schools, we help you develop a career vision, make strategic career decisions, and build a strong foundation for continuous career and life management.

With a broad range of career interests, Stanford MBA students take advantage of many different avenues for obtaining internships and their first position after graduation. Hundreds of organizations recruit using a variety of options including on-campus interviews, career fairs, job postings, and online Resume Books. Regardless of your career interests, the CMC staff will help you identify where to concentrate your efforts for maximum impact.

p 43 No Matter Your PathLeave Your Imprint

Coming to Stanford, I wanted to use the summer between my first and second year to explore a new industry, work in a different culture, and further strengthen my business skills. I am so excited that I have been able to find the perfect summer internship that encompasses all of these opportunities.
Career Management Resources

Personal counseling and supportwith only 370 students per class, the MBA Career Management Center (CMC) staff will know your unique interests and goals and is fully committed to working directly with you Self-assessmentthe CMC team will help you identify and leverage your strengths, as well as provide direction with skills development Resume preparationthe CMC staff offers assistance in developing a resume that will stand out, emphasize your abilities, and target your specific goals Mock interviewsrole-playing and practice interviews enable you to gain confidence, hone your responses, and think on your feet Workshopsseminars and workshops, such as Career and Life Visioning; Job Search Secrets; and Offers, Decisions, and Negotiations; give you the tools for managing your job search Alumni mentoring and networking opportunitiesStanford GSB alumni are some of your most effective resources. Connect with alumni who are glad to provide mentoring opportunities and lend the benefit of their experiences to your efforts

Networking eventsthe CMC sponsors or participates in a wide range of opportunities in which you can meet and talk with business leaders in banking, consulting, consumer products, entertainment, investment management, nonprofit organizations, technology, venture capital, and other fields Meet the Company presentationscompany leaders, often GSB alumni, describe their firms and career opportunities, and answer questions at these forums
Career Treksthe CMC coordinates treks based on student interest. Last year students participated in more than 40 company visits on five continents

Student-organized eventsconferences such as the Principal Investment Conference and the Cool Products Expo offer outstanding networking opportunities
GSB Job Boardstudents and alumni have online access to a searchable database of career opportunities

Current industry and company informationthe CMC Resource Center and Web site have comprehensive information on industries, recruiting contacts, market forecasts, and other job-related data

I looked forward to making a successful transition from a law professorship in China to a career in business. After exploring several career options with support from the CMC and my classmates, my transition was seamless. I was prepared and confident when the interviews started and found my dream job in sports management working for the Houston Rockets. Michael Williams, 04 Morehouse College Weil, Gotshal & Manges

SELECTED EMPLOYERS American Express Bain & Company Bain Capital Banc of America Securities Bechtel Enterprises Inc. Bertelsmann AG Booz Allen & Hamilton Inc. The Boston Celtics The Boston Consulting Group BP Bridgespan Group Capital Group Companies Capital One Cemex Cisco Systems Inc. Deloitte Consulting Delphi Corporation Draper Fisher Jurvetson eBay Eli Lilly & Co. Endeavor Exxon Mobil Corporation Fidelity Investments Ford Motor Company Gap, Inc. General Mills Inc. General Motors Corporation Goldman, Sachs & Co. Guidant Corporation H.J. Heinz Hewlett-Packard Company Home Depot Intuit Inc. J.P. Morgan Chase & Company Lehman Brothers Inc. LOral Lucent Technologies Inc. McKinsey & Company Merrill Lynch Microsoft Corporation Morgan Stanley NVIDIA Corporation Palm Inc. Perry Capital Pfizer Relational Investors Salomon Smith Barney Siebel Systems, Inc. Stanford University Strategic Decisions Group Sun Microsystems Inc. Sustainable Conservation Tishman Speyer Properties UBS Warburg Underwriters Laboratories U.S. Department of Education Viacom The Walt Disney Company Wellington Management Wells Fargo Bank The White House The World Bank

p 45 An Enduring FoundationKnowledge and Collaboration

p 45 No Matter Your PathLeave Your Imprint

By making me think in a completely different way, Stanford prepared me for the challenges and responsibilities that I had never anticipated.

Make Your Mark

Stanford GSB alumni leave their imprint on the organizations they serve and inspire the people they lead. You will as well. After you earn your MBA, you will continue to learn by putting to use the knowledge and skills youve developed to find new ways to think about problems. Youll learn from mistakes. Youll attract and work with people who bring sound minds to their passion for business and social-sector leadership. Not only will you take advantage of new opportunities, but you also will create them. In short, you will have the capacity to affect our world in significant and positive ways.

You will leave the Stanford campus; however, you never leave the relationships, resources, and support of the Stanford GSB community. Were here to champion your efforts and share in your achievements. And we look forward with anticipation to your success.

My GSB experience gave me two invaluable lifetime properties: an intellectual foundation and lifelong friendships. I gained an excellent intellectual grounding that has formed the basis for my business toolkit, which I have adapted for such diverse environments as Wall Street and the nascent private economy of China. The lifelong friendships developed at Stanford were made possible primarily by the small size of the School. Chien Lee, 79 Director and Cofounder Scottish and Eastern Investments Limited

I came to the GSB with entrepreneurial experience and a passion for public education. As a student, I connected with partners from Kleiner Perkins Caufield & Byers, a venture capital firm. Together, we defined an entirely new kind of funda venture philanthropy fund focused on transforming our lowestperforming public schools by investing in education entrepreneurs and bringing together the best minds from the business, nonprofit, and public sectors. Through classes, activities, projects, and the alumni network, the Stanford GSB honed my leadership skills and prepared me well for combining traditional business skills with the innovative engine of social entrepreneurship. Kim Smith, 98 Cofounder and CEO New Schools Venture Fund

Its easy to think of a business school education as just two years of your life, but the Stanford experience has been much more. Since graduating from the MBA Program, my education has proved more useful as time has passed and my connection to the GSB community has remained strong. Ive mentored students, hired graduates, and invested in and advised companies led by alumni. The program has opened countless doors, and theres always an immediate connection with my fellow alumni. Im thankful for the many opportunities the GSB has brought, and Im glad to give back through the GSB Advisory Council. Sandra Horbach, 87 General Partner Forstmann Little & Co.

p 47 No Matter Your PathLeave Your Imprint

www.gsb.stanford.edu/mba

T H E N E X T S T E P A P P LY
We look for outstanding candidates, and each year we enroll approximately 370 students. Each is distinguished by a unique combination of high leadership potential, academic excellence, and individual background and interests. Candidates are evaluated based on a comprehensive review of their qualifications, not on minimum performance standards.
A P P L I C AT I O N R E Q U I R E M E N T S
I

the Stanford GSB experience will help you meet your goals. We accept students who contribute to a diverse community because we believe that all students learn invaluable lessons from sharing experiences and perspectives with classmates from many different backgrounds.

We do not require a minimum level of work experience We do not have minimum GPA requirements We do not have minimum GMAT scores
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Application form Letters of reference Personal essays

Test scores: GMAT and, if applicable, TOEFL

Instead, we carefully evaluate all parts of your application in order to understand who you are, what youve done, what you can add to the Stanford Graduate School of Business community, and how

Transcripts for undergraduate and graduate studies Work history

NOTE TO COLLEGE SENIORS You know best when the time is appropriate to pursue an MBA education. We accept outstanding studentsand that includes students who enroll directly from an undergraduate program without full-time work experience. If you believe you have demonstrated extraordinary leadership potential, consider applying to the T H E A P P L I C AT I O N C A L E N D A R MBA Program.

We have three application rounds for entrance in the fall of 2005: Round One Round Two Round Three Application Deadline October 28, 2004 January 6, 2005 March 17, 2005 Notification Date January 18, 2005 March 31, 2005 May 12, 2005

You may apply only once in a given year, and applications must be submitted online. Individual admission interviews with our alumni are offered to some applicants by invitation only. We will contact you directly if we believe an interview would be useful in evaluating your candidacy. Please visit www.gsb.stanford.edu/mba for more detailed information about the MBA Program and the online application.

p 49 The Next StepApply

Financial Aid

Business school is a significant investmentboth in time and money. However, our graduates agree that their MBA education was a lifelong investment in their personal and professional development. The Financial Aid Office is committed to helping you fund your MBA education. Tuition for 2004 05 is $37,998. Additional expenses for living costs, books, and other expenses are $24,300 for a single student living on campus and $33,600 for a married student living on campus. In recent years, two-thirds of our MBA students received some sort of financial aid. Your personal resources for financing your education are not considered in our admission decisions. Once you are admitted, the Financial Aid Office will determine your financial need and create an aid package that may include loans, fellowships, or a combination. The GSB works with private lenders who can provide nonneed-based loans to cover educational expenses. Loans are available to both U.S. and international students. The Financial Aid Office will determine which loans to offer you, based on your citizenship status and the information on your financial aid application.

T H E C H A R L E S P. B O N I N I PA R T N E R S H I P F O R D I V E R S I T Y FELLOWSHIP PROGRAM

The Charles P. Bonini Partnership for Diversity Fellowship Program offers a unique professional opportunity and educational financial support for MBA students whobecause of culture, race, ethnicity, background, work, or life experiencesbring a unique perspective to the workplace or the classroom. The program places students who have been offered admission to the Stanford MBA Program in pre-matriculation internships, lasting nine to twelve months, or in guaranteed summer internships between the first and second year. The internship durations are determined by the corporate sponsors, which include Eli Lilly and Company and Ford Motor Company. Fellows are paid a competitive salary and standard benefits during the internship. They receive a full-tuition grant once they enroll, with no obligation to return to the sponsoring company. You must apply in Round One or Round Two to be considered for this fellowship.

p 51 The Next StepApply

The mission of the Stanford Graduate School of Business is to create ideas that deepen and advance the understanding of management and, with these ideas, develop innovative, principled, and insightful leaders who change the world.

Publisher Copy Design Principal Photography Printer

MBA Admissions Office GSB Publications Beth Ann Moore 1185 Design, Palo Alto, CA Debra McClinton Joel Simon Color Copy Printing, Burlingame, CA

Every effort is made to ensure that the course information, applicable policies, and other materials contained in this MBA Program guide are accurate and current at the time the guide goes to press. The Stanford Graduate School of Business reserves the right to make changes at any time without prior notice. Stanford University admits students of either sex and any race, color, religion, sexual orientation, or national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the University. It does not discriminate against students on the basis of sex, race, age, color, disability, religion, sexual orientation, or national and ethnic origin in the administration of its educational policies, admission policies, scholarships and loan programs, and athletic or other University-administered programs. 2004 by the Board of Trustees of Leland Stanford Junior University. All rights reserved.