Record 16% of Stanford MBAs Launching Start-ups
The percentage of the business school's students starting their own companies soars to new level.
The current technology boom has proven too enticing for Stanford MBA students to ignore.
The percentage of Stanford business school grads who launched start-ups after graduation hit an all-time high in 2011, Fortune reports.
According to Fortune, 16% of Stanford’s MBA class of 2011 chose to start a company, compared with the 12% high reached during the decade-ago dot-com boom. The past 10 years have seen “a generational shift toward entrepreneurship,” Pulin Sanghvi, director of Stanford’s Career Management Center, told Fortune.
“There is much greater knowledge and understanding on how to start and build and grow a new enterprise,” Sanghvi said in the story. “We have dedicated a significant part of our curriculum against this discipline and we now have so many alumni who have blazed a trail.”
Among the newly minted Stanford MBAs who started companies last year, 30% were in Internet services and e-commerce, 15% in investment and finance and 7% in food and beverages, according to the article.
The story also notes that about 5% of all MBA candidates plan to start their own business once they graduate, but at more highly ranked schools, the percentage is much higher: double that at Harvard, and almost triple that at Stanford. –Erin Kim
Photo via Flickr user Will Hale.