Stanford GSB is offering average fellowship of $26,000/year this year

flyingco

Come across this article and want to share it with CDers who are interested in Stanford. Good luck!

Quoted from Poetsandquants <Stanford Gets Even More Selective>
http://poetsandquants.com/2013/07/24/stanford-gets-even-more-selective/

Stanford, whose MBA program boasts the lowest acceptance rate in the U.S., said it received some 7,200 applications this past year. That would translate into a 7.2% increase over the previous year and an implied acceptance rate of just 6.6%–down from 7.1% last year. Senior Associate Dean Madhav Rajan released the application number on Monday (July 22) in an interview on Fox Business.

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‘FROM THE THIRD YEAR, GRADUATES ARE ESSENTIALLY MAKING MONEY ON THE MBA DEGREE’
Still, Claman asked the question that many potential applicants ask themselves: “Is it (the degree) worth it because it is not cheap. All in, with housing and student textbooks, etc., it is about $90,000. Out of college, what makes being a Stanford MBA worth it?”
“The $90,000 is the list price,” explained Rajan. “We give significant amounts of financial aid and not just loans. We literally give fellowships. About 60% of the students who come in get a fellowship. The average fellowship is about $26,000 a year. So the actual price people are paying is much lower than those numbers.
“All the statistics are that within two or three years our alumni have made up all the money they spent, including the wages that they gave up by coming to Stanford. From the third year onwards, they are essentially making money on the MBA degree.”
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lindalibinbin

要我就行，我不要钱。