Drop in number of applications to Stanford MBA Class of 2024

The profile of the 2024 MBA Class of the highly reputable Stanford Graduate School of Business has been released and details a big drop in the number of International Students.  However, there is a rise in the representation of minorities.

37% of the class of 2024 are made up of International students. Like most Business Schools, Stanford did not escape the ubiquitous downturn of applications in 2021-3022 with the MBA applicants dropping 16.5%> this represented the lowest total in many years.

The data point for International student enrollment could be somewhat misleading as this is the first time Stabford is using the Graduate Management Admission Council’s GME Admission Reporting Standards by which dual citiEns are assigned to either the domestic or international column based on primary citizenship. This is as opposed to Stanford’s previous policy of classing dual citizens and international students. This approach would have seen Stanford’s International population at 46%, which would be 1 percent lower than last year’s class as opposed to the 10% initially suggested.

This year’s class has a multicultural, International flourish with students from 56 countries and speaking 77 languages. This is up from last year’s 66.

For the first time, the 2024 class has more than half of it’s US citizens and permanent residents as people of colour (51%), with the numbers of Black (12%) and Hispanic (13%) students reaching their highest levels in history under the program’s multi-identity reporting. U.S. minority students also jumped, to 35% from 24% last year.

The class of 2024 reported GMAT points of between 630 and 790. The average GRE Verbal score was 164, down 1 point from last year, with a range between 149 and 170; the average GRE Quantitative score was 163, down 2 points, with a range between 150 and 170.

The average GPA of applicants was 3.75.

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