1999 Profile Update
School Statistics
Graduates' Comments
SURVEY DETAILS
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Yale's School of Management jumped two places from No. 22 to No. 20 in BW's 1998 survey. The school's rise is due to higher marks on both the corporate and student surveys. In the grad poll, Yale moved up 11 spots to No. 11 as students hailed the faculty's accessibility, the emphasis on teamwork, the caliber of their classmates, and network connections. But they were displeased with SOM's lackluster information technology infrastructure, scoring it worst in the Top 25.
Recruiters, for their part, elevated Yale three places in the corporate poll. That's the result of Yale SOM making a bigger effort to cater to companies' needs. In September, 1998, the school even changed its degree name -- from a Master's in Public & Private Management (MPPM) to the traditional MBA -- to make it more recognizable to recruiters worldwide. The school has significantly increased the number of companies that recruit its grads on campus from just 76 in 1997 to 113 in '98. And when all is said and done, Yale SOM's Class of '98 earned pay packages averaging $123,008. Meanwhile, 45% of the surveyed class received a yearend bonus, too. But perhaps most impressive is the 98% increase in base salary the typical Yale grads made over their preenrollment levels (from $40,877 to $80,800).
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STRATEGY FOR APPLICANTS
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As you might have guessed from both the high quality of Yale students and the B-school's historic mission and new direction, admissions criteria are threefold. Applicants should demonstrate "capacity and motivation for academic achievement and intellectual performance"; "motivation and ability to cope with the practical problems of organizations, to influence the outcome of events and to work effectively with others"; and "commitment to effective management as a socially useful activity." The emphasis is on both the academic and experiential aspects of a candidate's background; you are expected to submit letters of recommendation from both school- and work-related references. Students here tend to be older and more experienced than most schools, but that experience doesn't have to come from the business world -- Yale is one place you'll have a decent shot even if you've only worked in government or nonprofits.
Yale groups applicants into three separate rounds. The first are those whose paperwork is in by November; a second round comes in January and a third in March. You can expect a reply roughly two months after you apply. Interviews are not required -- in fact, only 37 percent of the class of 2000 was interviewed -- but can be requested, either on campus or in a dozen cities around the world visited by admissions. Campus visits can be arranged by calling the admissions office; group information sessions are held on Mondays and Thursdays at 11:30 a.m., and can be followed up with student meetings, campus tours, and class attendance. Applications can be downloaded from the school Web site and then mailed in after completion (no electronic submissions are available yet), or a paper copy can be requested from the admissions office.
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CURRICULUM
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Electives available in 1998: 78
New electives in past three years: 19%
The core curriculum was last revised in: 1998
Accelerated MBA program offered?
No
New Courses in Past Three Years
How to Start a High Tech Company, International Strategy and Competition, China as an Emerging Market, Emerging Markets of Latin America, Institutional Funds Management, Venture Capital and Private Equity Investment, IT For Management, Competitive Advantage Through IT, The Practice and Management of Creativity and Innovation, Financial Statement Analysis II, Understanding and Evaluating the Financial Statements of Not-for-Profit, Organizations
Most Popular Electives
Venture Capital and Private Equity Investments, Investment Management, Competitive and Co-operative Strategies, International Finance, Management of Quality
Most Popular Professors
Sharon Oster, Art Swersey, David Cromwell, William Goetzmann, Paul MacAvoy
Majors or Concentrations Added in Past Three Years
Operations Management, Leadership
Teaching Methods
Lecture: 50%
Case Study: 30%
Experiential: 20%
| Full-time faculty members: |
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39 |
| Adjunct or visiting faculty: |
28 |
| Average core class size: |
53 |
| Average elective class size: |
31 |
Laptop computer required?
Yes
Grading System
Grading is as follows: Distinction, Proficient, Pass, Fail.
Exchange Programs or International Campuses
N/A
Best Areas of Study
Finance, Strategy
Areas School Would Like to Improve
Marketing
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1998 PLACEMENT
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On-campus recruiters for graduates: 113
On-campus recruiters for first-year internships: 59
On-campus student full-time job interviews: approx. 1,480
On-campus student internship interviews: 840
Job opportunities posted via the Internet or E-mail: 2,038
Top Employers/Number of 1998 Hires
| Booz Allen & Hamilton |
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13 |
| PriceWaterhouseCoopers |
7 |
| McKinsey & Co. |
4 |
| Lehman Brothers |
4 |
| Mitchell Madison Group |
4 |
| Goldman Sachs |
3 |
| Boston Consulting Group |
3 |
| Citibank |
3 |
| Credit Suisse First Boston |
3 |
| Salomon Smith Barney |
3 |
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ALUMNI NETWORK
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Number of living alumni: 3,464
Alums who gave to the school during the 1997/98 academic year: 54%
Median alumni gift: $100
Number of alumni clubs: 160
Number of dues-paying members: 796
Number of staffers devoted to MBA alumni relations: 3
Placement services offered for alumni?
No
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1999 Profile Update
School Statistics
Graduates' Comments
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Key Contacts
School Web Site
E-Mail:
som.admissions@yale.edu
Address:
School of Management
Box 208200
New Haven, CT 06520-8200
Dean:
Jeffrey E. Garten
(203) 432-6035
Director of MBA Programs:
Stanley J. Garstka
(203) 432-6042
Director of Admissions:
Richard A. Silverman
(203) 432-6796
Director of Alumni Relations:
Cynthia Albert Link
(203) 432-5458
Director of Financial Aid:
Karen Wellman
(203) 432-5173
Director of Career Services:
Mark Case
(203) 432-5900
Application Deadlines:
U.S.
March 15, 1999
International
March 15, 1999
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