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Stanford Graduate School of Business

Business School

Mailing Address
655 Knight Way
Stanford, California 94305
Phone
(650) 723-2146
School Information
Established in 1924 at the request of future U.S. President and Stanford alumnus Herbert Hoover, "Stanford Graduate School of Business is a place where anything and everything is possible. It’s where the boundaries of knowledge are pushed beyond what’s imaginable. Where diverse ideas and perspectives aren’t just accepted, they’re encouraged and embraced. And in this unique environment of innovation and collaboration, principled leaders emerge. Faculty, students, staff, and alumni develop the courage to take risks, the passion to lead, and the motivation to make a positive impact — on themselves and the world. Our mission is to create ideas that deepen and advance our understanding of management and with those ideas to develop innovative, principled, and insightful leaders who change the world" (https://www.gsb.stanford.edu/experience/about). Out of Stanford GSB's 314 faculty members, 6 are Nobel laureates, 9 members of the National Academy of Sciences, 29 members of the American Academy of Arts and Sciences, and 5 recipients of the John Bates Clark Medal in Economics. Stanford GSB houses 881 MBA students and 133 PhD students in the 2023-24 academic year (https://www.gsb.stanford.edu/experience/about/school-profile).

Actions Taken

Admissions Policies
  • The school's 2021 Diversity, Equity, and Inclusion Report states that "the admissions team revamped its playbook and boosted the number of underrepresented students in GSB cohorts."
  • The "Stanford GSB Action Plan for Racial Equity" states that the school would "[a]mplify our recruitment efforts of Black MBA, MSx, and PhD students to ensure these populations continue to increase, including through stronger outreach to historically Black colleges and universities and national groups such as the PhD Project, and by working with our own students and alumni."
Anti-Racism, Bias, and Diversity Training
  • The school's (2021) Diversity, Equity, and Inclusion Report states that the "MBA Class of 2023 likely hadn’t finished unpacking their suitcases last fall before they found themselves immersed in the school’s new Diversity, Equity, and Inclusion Arc of Learning." The program takes "students through a multi-day, self-paced learning journey designed to help them expand their understanding of identity, bias, and inclusion, reflect on that new knowledge, and take small actions — alone or in collaboration with others — to promote a culture of inclusion and belonging."
Curriculum Changes and Requirements
  • The school's 2021 Diversity, Equity, and Inclusion Report states that "[d]iscussing and debating business case studies is a vital part of the Stanford GSB curriculum" and that "a previous audit of cases being taught in first-year core courses showed that less than 1% featured a Black protagonist." The report goes on to say, "[t]o begin correcting the lack of representation, Stanford GSB declared that all case writing resources in 2021 would be used to develop studies featuring protagonists of color from diverse backgrounds."
Program and Research Funding
  • The Stanford GSB Research Fellows Program is a two-year, fully-funded predoctoral program that provides a "diverse set of fellows" with the opportunity to gain research experience and preparation for doctoral studies in business or related fields. The program hopes to strengthen and diversify the pool of PhD students and eventually the faculty pipeline.
  • The school's (2021) Diversity, Equity, and Inclusion Report states that the school "[c]reated the Racial Equity Grant Program, allocating $14,200 to eight student groups working on racial equity projects through the Center for Social Innovation."
  • The mission of the BOLD (Building Opportunities for Leadership Diversity) Fellows Fund is to "further Stanford University’s commitment to diversity and inclusion by augmenting Stanford GSB’s financial aid for MBA students with financial hardship and a commitment to the advancement of diversity, equity, and inclusion."
  • The Black Leaders Program at Stanford Business Executive Education is a "one-week intensive leadership program" that "creates the space and support to help you delve into the challenges and opportunities of being a Black leader today."
Resources
  • Stanford GSB MBA Admissions has various partnerships and alliances with organizations that are "committed to enhancing diversity and inclusion in business". Partnerships include the Consortium for Graduate Study in Management, the Forte Foundation, JumpStart Advisory Group, etc.
  • Stanford GSB has alumni "identity chapters" that focus on celebrating the culture of diversity. The Asian Alumni Chapter, Black Alumni Chapter, La Comunidad de Stanford GSB, GSB Allies for Equity, GSB Pride, and the Women's Programs are the 6 alumni identity chapters at Stanford.
  • On October 5, 2020, Stanford launched a free online course called "Anti-Racism and Allyship 7 Day Journey", where there were a series of conversations on race with high-profile guests. Another free online program called "Leadership for Society: Race and Power" was also launched on the same day. The latter course featured a series of conversations with prominent leaders from across business, politics, and media aimed to "deepen our collective awareness of profound racial disparities in the United States and around the world."
  • The school's (2021) Diversity, Equity, and Inclusion Report states that the school "implemented a DEI lens across career education programming through identity-based networking resources and diversity recruiting events."
  • The school's (2021) Diversity, Equity, and Inclusion Report states that the school "Removed commonly used, but discriminatory, terms and language from information technology-related documentation and communications."
  • On February 16, 2022, the "Consortium for Graduate Study in Management" announced the "addition of the 22nd university to its membership ranks: Stanford Graduate School of Business (GSB) at Stanford University." The Consortium is a national nonprofit organization "focused on diversity, equity and inclusion in graduate business education and American business."
  • On May 21, 2022, "Insights" online magazine at Stanford Business School published an article titled "Hey, Employers: Job Hunters Really Want to See Your Diversity Data," which introduces the article by stating, "[p]eople are drawn to companies that show they have more diverse workforces, a new study finds."
  • The "Stanford GSB Action Plan for Racial Equity" states that the school has introduced two new courses: "'Leadership for Society: Race and Power', to educate future leaders about racial injustice and inequality and to inspire them to make positive change; and 'Blocking Bias in Academe', to educate PhD students to be more effective professors and leaders in diverse university environments."
  • The "Stanford GSB Action Plan for Racial Equity" states that the school has created the "Stanford GSB Racial Equity Initiative" which would include the "Stanford GSB Alumni Consulting Team to undertake 50 projects over the next five years for organizations that are committed to inclusion and racial equity."
  • In 2021, the Leadership for Society at Stanford Business School held a series titled "Race and Power," which included sessions titled; "Creating Race," "Justice," and "Whiteness." The "Whiteness" session discussed "how the concept of whiteness was constructed, how current law maintains unequal outcomes, and ways to overcome the political weaponization of whiteness."
  • Stanford's "LEAD" Online Business Program includes a course titled "Inclusive Leadership for Innovation and Excellence," which is introduced as follows: "The relationship between diversity and performance has recently received an enormous amount of attention, not only in the behavioral and social sciences but also in organizations struggling with the challenge of creating and maintaining a diverse workforce." Additionally, the course "explore[s] the barriers and potential solutions to creating and maintaining a diverse workforce using a combination of pedagogical tools...."
  • The School of Business hosts the "Stanford Initiative on Business and Environmental Sustainability Research Conference Series" which is "designed to elevate cutting-edge research pertinent to environmental sustainability and to enhance dialogue among researchers, and between researchers and those who put knowledge into practice."
  • The Corporations and Society Initiative at Stanford Business "engages in dialogue, learning, and leadership at the intersection of markets, businesses, governments, and society to promote more accountable capitalism and governance."
Last updated November 15th, 2023
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