Tuesday, June 06, 2006

Stanford Adopts New MBA Curriculum

The Stanford Graduate School of Business will introduce a revised MBA curriculum in the fall of 2007.

The revised curriculum will give students more flexibility to select classes according to their educational and career needs. It will also emphasize student-faculty advising relationships, international experience, and the teaching of critical analysis and communication and leadership skills. Students will also be required to undertake an international program, such as an internship, student exchange, or study abroad program, at some point during their two years at Stanford.

Under the new curriculum, all first-year students will take core courses in organizational behavior, strategic leadership, finance, and global management during their first semester. They will also form an advising relationship with a member of Stanford's faculty who will help them make appropriate class choices for the following semester and year. The remainder of the MBA program will be highly customizable, allowing students to tailor their MBA education to their needs. Throughout the program, students will be encouraged to think across disciplines and functions and to take an active part in small class discussions.

Stanford plans to expand its faculty by 5 to 10 per cent and to construct a new classroom building in order to accommodate the smaller classes that the revised curriculum entails.

Jeffrey Pfeffer, Stanford's Thomas D. Dee II Professor of Organizational Behavior, called the new curriculum "the most important thing that has happened at Stanford in my 27 years here."

Other Stanford faculty say that the revisions are needed to fully meet the needs of Stanford's diverse student body. Students come to Stanford with widely varying amounts and kinds of business experience. A customizable curriculum allows each student to develop the skills and abilities they need most without re-learning what they already know.

The new curriculum also takes advantage of Stanford's relatively small size to allow students more class choice and a more active learning environment. Stanford's enrollment is about 750, compared to 1,800 at Harvard and 1,600 at Wharton.

Sources:

"Stanford Graduate School of Business Adopts New Curriculum Model" - press release, Stanford Graduate School of Business (Stanford, California), June 6, 2006

"Stanford to Let Students Tailor MBA Studies," by Robert Weisman. The Boston Globe, J

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