Yale University

Program Basics

• • Yale Full-time MBA
  • Yale School of Management
  • 135 Prospect Street
  • New Haven, 06511, Connecticut
  • United States
  • Program Web site: http://mba.yale.edu
  • Status: Private
  • Program e-mail address: mba.admissions@yale.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)
    • Other

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 541
  • Full-Time MBA: 475
  • Executive MBA: 33
  • PhD Program: 33

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $109,956.00
  • Nonresident: $109,956.00
  • Recommended annual budget (Resident): $78,895.00
  • Recommended annual budget (Nonresident): $78,895.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2011
  • Deadline: Oct 6, 2011
  • Semester: Winter 2011
  • Deadline: Jan 5, 2012
  • Semester: Spring 2012
  • Deadline: Apr 12, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? No

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test

• Relative Importance of Application Elements:

  • GMAT Score: Important
  • Resume/Work Experience: Important
  • Application Essays: Important
  • Interviews: Important
  • Recommendations: Important
  • Undergraduate Transcripts: Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 2,823
  • Applicants who were accepted to the most recent class: 19 %
  • Admitted applicants who enrolled in the newest class: 42 %
  • Applicants who were re-applicants from prior years: 4 %
  • Percentage of this year's reapplicants accepted: 14 %
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 28 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • Mean base salary forgone: $63,126.00
  • Median base salary forgone: $60,000.00

CLASS PROFILE

• Full-time students in newest entering class (2011-2012) that are:

  • Female: 36 %
  • International: 32 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 17 %
  • Europe: 4 %
  • North America: 71 %
  • Latin America and the Caribbean: 5 %
  • Oceania: 2 %
  • Dual citizenship: 6 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 5 %
  • Asian American: 26 %
  • Hispanic or Latino American: 6 %
  • White (Non-Hispanic): 59 %
  • Chose not to report: 4 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 55 %
  • Mid-Atlantic: 14 %
  • South: 5 %
  • Southwest: 5 %
  • Midwest: 7 %
  • West: 14 %
• • Mean months of work experience of newest entering class: 68
  • Median months of work experience of newest entering class: 64

• Middle 80% range of work experience of newest entering class in months:

  • From: 41
  • To: 107
• • Median age of entering class: 28
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs who applied for financial aid for the current academic year: 84 %
  • Full-time MBAs receiving financial aid in the current academic year: 68 %
  • Mean MBA financial aid package for the current academic year: $43,117.00
  • Median MBA financial aid package for the current academic year: $45,500.00
  • On what basis are scholarships awarded?
    • some other criteria
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $25,000.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $93,724.00

GMAT

• • Are applicants required to take the GMAT? No
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked before enrollment? Either GMAT or GRE equired

• GMAT score distribution (applicant pool):

  • 10th Percentile 610
  • 25th Percentile 660
  • 75th Percentile 730
  • 90th Percentile 750
  • Average GMAT Score 688
  • 50th Percentile (median) 705

• GMAT score distribution (incoming class):

  • 25th Percentile 700
  • 10th Percentile 680
  • 75th Percentile 740
  • 50th Percentile (median) 720
  • Average GMAT Score 719
  • 90th Percentile 760

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 58
  • Average number of students in a full-time MBA elective class: 25
  • Elective courses available to full-time MBA students: 100

• Electives that have been added to the full-time program since June 30, 2010:

  • Mathletics: Modeling Through Sports
  • Managing Global Catastrophes
  • Financial Intermediation
  • Management, Leadership & Literature
  • Financial Analysis in Not-for-Profits

• Joint-degree programs offered to full-time MBAs:

  • • MBA/MA (Arts)
    • MBA/March (Architecture)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
    • Other
    • MBA/PhD
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • General Management
    • Marketing
    • Leadership
    • Strategy

FACULTY

• • Faculty employed by the B-school: 94

• Full-time faculty:

  • Tenured: 33
  • Non-Tenured: 34

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 27

• Women on Faculty:

  • Tenured: 3
  • Non-Tenured: 14

• Minority Faculty:

  • Tenured: 6
  • Non-Tenured: 9

• International Faculty:

  • Tenured: 1
  • Non-Tenured: 14

• Faculty with PhDs:

  • Tenured: 33
  • Non-Tenured: 49

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Manufacturing
    • Media & Entertainment
    • Human Resources

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 40 %
  • Experiential Learning: 10 %
  • Lectures: 40 %
  • Team Projects: 10 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students must have attended a minimum number of classes

TECHNOLOGY

• • Technology improvements in the last three academic years: Deployed enhanced videoconferencing systems to enable virtual classroom visits from business leaders. Updated video production capabilities in support of curricular innovations, multi-media business cases, and other school activities. Expanded research computing hardware and software. Augmented online delivery of news, events, and timely content to Yale SOM community. Introduced collaboration tools for Executive MBA program. Installed school-wide digital on-site communications system.
  • Amount spent: $15,074,563.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 6,221
  • Active MBA alumni clubs: 22
  • Countries in which MBA clubs exist: 5
  • Living MBA alumni who gave in past year: 46 %
  • Mean gift from MBA alumni: $5,380.00
  • Median gift from MBA alumni: $150.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? Yes
  • Business School endowment: $536,257,204.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.alumniconnections.com/yale
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://mba.yale.edu/alumni/online-resources/index
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 87 %
  • Graduates not seeking employment: 6 %
  • Graduates for whom you have no information regarding employment: 6 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: Days on Wall Street
  • Month: October
  • Destination: Hong Kong Trek
  • Month: November
  • Destination: London Bound
  • Month: November
  • Destination: Washington DC Economic/International Development Trek
  • Month: December
  • Destination: West Coast Trek
  • Month: January

• Primary source of job offer:

  • School-facilitated activities: 53 %
  • Graduate-facilitated activities: 45 %
  • No information provided by graduate: 3 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 79 %
  • Received first job offer in three months following graduation: 15 %
  • Accepted first job offer by graduation: 70 %
  • Accepted first job offer in three months following graduation: 21 %
• • Job-accepting graduates who received a signing bonus: 67 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $106,157.00
  • Median base salary: $100,000.00
  • Mean signing bonus: $29,276.00
  • Median signing bonus: $28,000.00
  • Mean other guaranteed compensation: $29,289.00
  • Median other guaranteed compensation: $18,750.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 28 %
  • Finance/Accounting: 40 %
  • General Management: 22 %
  • Human Resources: 1 %
  • Marketing/Sales: 7 %
  • Management Information Systems: 2 %
  • Operations/Logistics: 1 %

• Graduating students who accepted jobs in the following industries:

  • Government: 1 %
  • Consulting: 23 %
  • Consumer Products: 6 %
  • Financial Services: 39 %
  • Manufacturing: 3 %
  • Media/Entertainment: 3 %
  • Non-Profit: 9 %
  • Petroleum/Energy: 2 %
  • Pharmaceutical/Biotechnology/Health Care: 5 %
  • Real Estate: 2 %
  • Technology: 7 %
  • Other: 1 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 1 %
  • Asia: 7 %
  • Europe: 2 %
  • North America: 90 %
  • Latin America and the Caribbean: 1 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 69 %
  • Mid-Atlantic: 7 %
  • South: 2 %
  • Southwest: 4 %
  • Midwest: 6 %
  • West: 13 %

SCHOOL COMMENTS

• • School Comments: (1) Scholarships are awarded to those individuals whose applications, viewed holistically, most strongly align with Yale SOM’s mission of educating leaders for business and society. (2) Other MBA professional clubs include Economic Development, Education, Energy, Investment Management, and Real Estate.

• • -I think Yale offers a very unique MBA experience--world-class faculty, brand recognition and the benefits of one of the world's truly great universities without any of the drama, angst, or competitiveness that is sometimes found in other MBA programs.
    
    -I think the program at SOM is not for everyone, but I would not hesitate to recommend it to anyone who was switching careers, who does not come from a traditional pre-MBA employment background, and who is looking for an experience that is more thought-provoking, more challenging, more community-centric, and more humane than a typical MBA program.
    
    -Many things are commonly known about Yale SOM (strong community, emphasis on public service) but one thing that is as strong that is not commonly spoken about is the level of care this program has for the education it provides and the unending drive to improve an already excellent curriculum. The administration makes it their goal to engage all stakeholder groups (including students) each year in a review of the curriculum and they make their best efforts to make incremental improvements each year. I think this is exceptional in the typically rigid academic world.
    
    -Given the small size of the program and the proximity to quality housing options, the sense of community at Yale is unparalleled. Most of my classmates walked or rode their bike to school and it was not uncommon for me to run into friends every time I visited the local coffee shop or neighborhood market. Every time! The intimacy of the program, combined with the academic rigor, helps facilitate an environment where I got to know my peers in and out of the classroom.
    
    -Most schools describe themselves as "unique" in order to differentiate from other top ranked B-schools, but I feel that Yale truly walks the talk. Many core classes are taught "tag-team" style by faculty with different backgrounds. The program is small, and will remain so due to the size of the current facilities. As a result, faculty are always accessible and students quickly meet all students and staff members.
    
    -The skills I learned have allowed me to go into a job in emerging markets strategy, but throughout my time at SOM I was able to continue to pursue my interest in international development, so I hope to return to this field later in my career.
    
    -The holistic and integrated curriculum, while it is still bumpy in a few places, is a tremendous asset. I attended a handful of case competitions, and was always struck at my team's ability to develop unique and powerful solutions to complex problems, whereas competing teams often developed what seemed to be rote or obvious answers. Does that mean we always won? Not at all. In fact, we tended to polarize the judges, further complicating the process. Many times, judges spoke with us in private to explain the outcome, claiming that they had fought tooth and nail for us. While case competition output is only a small measure, I think it provides an interesting window into what is really happening at SOM: we are being taught to solve problems in new and different ways.
    
    -It offers much more than a typical B-school experience. I took classes at the Yale Law School and found those to offer a refreshingly different perspective. My advice to fellow students is while B-school is important, think about the overall experience and how it can enrich you as a professional.
    
    -The MBA degree is in a process of change at many schools and I believe Yale is at the forefront of this change. Reasons for getting an MBA are expanding beyond feeding banks and consulting firms and that requires a different type of MBA curriculum and mindset. The programs that evolve the quickest and most accurately to fit the needs of business will be the most desirable.
    
    -For anyone planning a career in nonprofit management, Yale SOM is the place to be. The career development office is well plugged in to the nonprofit world. Consequently, finding a job, even during these troubled times, was relatively easy for me. The instruction is excellent with brilliant speakers dropping in every now and again. The icing on the cake is the loan-forgiveness program for those choosing a career path in the nonprofit sector.
    
    -One common complaint at the school is that our career development office does not meet the needs of students. However, that is partially the result of some staff turnover and shortages in the last two years. However, the new director has made some big changes at the CDO, which are starting to be implemented with some success. Students at SOM also have very diverse career paths and are not content to be funneled into the standard MBA jobs, so for many of us, our career searches are self-directed. I have received much support from our CDO throughout the process, but the self-directed search definitely adds more work that may cause some others to be dissatisfied with the school.
    
    -Yale SOM offered the very best learning environment. The professors are all fantastic. In addition, the easy commute to NYC and the loyal alumni base greatly helped me to secure an investment banking job.
    
    -Yale SOM is truly unlike any other top MBA program. Its unique blend of highly diverse classes, an innovative curriculum, and collaborative students was evident from the time I stepped on to campus. Students work together to solve problems, something aided by our grading system which removes the toxic elements of class-rank competition found at many other schools.
    
    -People here really care about social impact--and not in the perfunctory, check-the-box way of talking about the environment or social impact of business. The question of how business decisions impact the world is omnipresent.