The Stanford Graduate School of Business has become an institution that cultivates and prepares global leaders and thinkers for the world economy and community. US News & World Report ranked it the number-one business school, tied with Harvard. Since it was founded in 1925, the school has constantly innovated its curriculum and produced cutting-edge research. It has a distinguished faculty, including three Nobel laureates. The school's management education has gained a reputation that rivals longer-established schools on the East Coast. Stanford has highest selectivity, GMAT, recruiter scores and starting salaries among all schools.
Back in 1924, then future president Herbert Hoover wanted to create a business school to keep bright undergraduate students in Stanford rather than having them leave to pursue business degrees on the opposite coast.
During the past decades, the school has created numerous centers—such as the Center for Entrepreneurial Studies and the Center for Global Business—to expand the rapidly growing education curriculum. This includes an entirely new campus. In 2008, Nike Inc. founder Philip Knight donated $105 million—the largest donation to a business school. $100 million is earmarked for the new 360,000-square-foot campus, which will be named the Knight Management Center.