FULL-TIME MBA Profiles Publish Date 11/13/08

Yale University

School of Management

Getting In

PROGRAM BASICS

Yale School of Management

PO Box 208200
135 Prospect Street
New Haven , Connecticut 06520-8200

Program Web site:

http://www.mba.yale.edu/

Status:

Private Institution

Program e-mail address:

mba.admissions@yale.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1974
Executive MBA: 2005
Executive Education (non-degree): 1978
PhD program: 1976

PROGRAM COSTS

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

Resident : $ 93,098
Recommended annual budget (Resident): $ 48,742

PROGRAM LENGTH

Full-time program (months):

Graduate business school enrollment

Full-time MBA: 382
Executive MBA: 42

PhD program: 28

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

October 22, 2008 January 7, 2009 March 18, 2009

Does the program have rolling admissions?

Is proficiency in English required for admission?

Yes

Is a minimum score on an English language proficiency test required?

Which English language proficiency tests are accepted?

IELTS

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Relative importance: Application Elements

GMAT Score:

Very Important

Resume/Work Experience:

Very Important

Application Essays:

Very Important

Interviews:

Very Important

Recommendations:

Very Important

Undergraduate Transcripts:

Very Important

APPLICANTS

Applications (admitted and denied) to the newest class:

3051

Applicants who were accepted to the most recent class:

14 %

Admitted applicants who enrolled in the newest class:

44 %

Percentage of this year's reapplicants accepted:

13 %

Applicants wait-listed during the last admissions cycle:

372

Wait-listed applicants admitted for the semester to which they applied:

Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

32 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

49 %

Applications from women received:

32 %

Mean base salary forgone:

$ 60,000

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 34 %
International: 28 %

Ethnicity/US Students in Program

African American: 4 %
Asian American: 14 %
Hispanic or Latino American: 7 %
Native American: 1 %
White (Non-Hispanic): 56 %
Chose not to report: 16 %
Other: 2 %

Students from following regions:

Africa : 1 %
Asia: 15 %
Eastern Europe and Central Asia: 2 %
Latin America and the Caribbean: 5 %
Middle East: 1 %
North America: 75 %
Western Europe: 2 %
Percentage of students with dual citizenship: 6 %

Entering North American citizens by region:

Northeast: 49 %
Mid-Atlantic: 14 %
South: 10 %
Southwest: 6 %
Midwest : 5 %
West: 12 %

Mean months of work experience of newest entering class:

From: N/A To: N/A

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

Full-time MBAs applied for financial aid for the current academic year:

100 %

Full-time MBAs receiving financial aid through school:

22 %

Mean MBA financial aid package for the current academic year:

$ 39,927

Median MBA financial aid package for the current academic year:

$ 15,500

On what basis are scholarships awarded?

academic merit

How does an applicant apply for scholarship consideration?

As part of the admissions application

Mean scholarships awarded to full-time MBAs in the previous academic year:

$ 19,427

Percentage of second-year students receiving the same or more amount of money in their second year of study:

83 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 91,768

GMAT

Applicants required to take the GMAT?

Yes

Mean : 718
Median: 720

Middle 80% range GMAT scores:

From: 670
To: 760

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

103

Electives that have been added to the full-time program since June 30, 2008:

Faith & Globalization
Understanding Global Financial Centers
Healthcare Operations
Venture Capital and the Finance of Innovation
Business Process Reengineering

Year of last major change or significant overhaul to the core curriculum:

2006

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MA (Arts)

MBA/March (Architecture)

MBA/MD (Medicine)

MBA/MHSA (Health Services Administration)

MBA/PhD

Other

Does the school offer an accelerated full-time MBA program?

FACULTY

Full-time faculty

Adjunct/Visiting Faculty

Women on Faculty

Minority Faculty

International Faculty

Faculty with PhDs

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

E-business

Entrepreneurship

Environmental

Finance

High Tech

Information Technology

Investment Banking

Manufacturing

Marketing

Media & Entertainment

New Media

Nonprofit

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Partners/Family

Volunteer

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 40 %
Experiential Learning: 10 %
Lecture: 40 %
Team Project: 10 %

Requirements for graduation:

Students are required to complete international experience

Other

TECHNOLOGY

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

N/A

Amount spent:

$ 13,844,459

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

5,616

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

42 %

Mean gift from MBA alumni:

$ 2,386

Median gift from MBA alumni

$ 200

Did school receive an individual gift in excess of $10 million in past academic year?

Business School Endowment

$ 633,021,887

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 site:

Yes

Business school alumni networking site:

http://mba.yale.edu/alumni/online_resources/index.shtml

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 85 %
Graduates not seeking employment: 13 %
Graduates for whom you have no information regarding employment: 2 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 2 %
Percentage who were continuing their education (after graduation): 4 %
Percentage who were postponing their job search: 1 %
Percentage who were starting their own business(es) : 5 %
Percentage who were not seeking employment for other reasons: 1 %

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

Destination: Wall Street
Month: November
Destination: London
Month: November
Destination: West Coast
Month: January

Primary Source of Job Offer

School-facilitated activities: 66 %
Graduate-facilitated activities: 34 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 89 %
Received first job offer in three months following graduation: 9 %
Received first job offer more than 3 months after graduation: .5 %
Did not report having received a job offer: 1.5 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

	American Express
	Bain & Company
	Booz Allen Hamilton
	Boston Consulting Group
	Citigroup Inc.
	Credit Suisse Group
	Deloitte Touche Tomatsu
	General Electric
	JPMorgan Chase & Co.
	Lehman Bros.
	McKinsey & Company
	Merrill Lynch
	Microsoft
	Procter & Gamble

CCS Fundraising

Job-accepting graduates who received a signing bonus:

61 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 99,562
Median base salary for most recent graduates: $ 95,000
Mean signing bonus for most recent graduates: $ 25,816
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 23,204
Median other guaranteed compensation for most recent graduates: $ 19,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 25 %
Finance/Accounting: 40 %
General Management: 21 %
Human Resources: 2 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 10 %
Management Information Systems (MIS): 1 %
Other: 1 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 2 %
Consulting: 22 %
Consumer Products: 4 %
Financial Services: 36 %
Manufacturing: 5 %
Media/Entertainment: 3 %
Non-Profit: 10 %
Petroleum/Energy: 6 %
Pharmaceutical/Biotechnology/Health care Products: 1 %
Real Estate: 2 %
Technology: 6 %
Other: 3 %

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

Africa: 1 %
Asia: 6 %
Latin America and the Caribbean: 1 %
North America: 91 %
Western Europe: 1 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 59 %
Mid-Atlantic: 7 %
South: 3 %
Southwest: 3 %
Midwest: 7 %
West: 12 %

Top Companies - Internships:

Mean : N/A Median: N/A

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

Yale's core first-year program exceeded all my expectations. It's on par with the much more prestigious law school. -- Venture Capital/Private Equity

Our dean and the faculty were very accessible, given the small program size. Students often met with the dean over breakfast to discuss what they had on their minds. We had town hall meetings as well, which updated students, faculty and administration on the most recent SOM changes. -- Investment Banking

I liked that New Haven is less than two hours from New York and Boston. The school location made it very easy to visit investment banks. -- Investment Banking

The school is very internationally minded. In addition to our required first-year "International Experience," where I traveled to Mumbai, Delhi, and Bangalore, I also had the opportunity to travel to London, Dubai, and Hong Kong this year as part of a class that focused on global financial centers. -- Venture Capital/Private Equity

The student body is small, which affects Yale�s overall industry influence and alumni size. -- Investment Banking

My colleagues and friends tend to be people who appreciate the fact that the most intractable problems facing business leaders today can�t be solved using a traditional, "siloed" approach. They are complex, multidimensional, and increasingly international. The faculty and students "get it" here, and the SOM is a great place for long-term personal and professional development. -- Finance

The career services office, the facilities, and specialized career areas (entrepreneurship, operations, IT) could be improved. -- Finance

The SOM is quite different from most elite business schools, in the sense that the education emphasizes not only the hard skills necessary to be successful in business, but also the moral and ethical dimensions of being a practitioner in business. -- Finance

The combination of our small class size and high-quality faculty base really helps make the SOM experience: You're constantly interacting with amazing professors who are passionate about business school education and your success as a leader. They open up their networks, you can call them day or night; the access is incredible. -- Venture Capital/Private Equity

Among the students and faculty, there's a palpable sense of excitement about our future and Dean Podolny, who's leading us there. -- Consulting

The IT and infrastructure badly needs improving and hopefully the new campus will help. We also need to add more faculty. -- Consulting

The Yale SOM program is still in a period of transition because of the curriculum change. It still has a long way to go, but I firmly believe it�s on the right track. -- Marketing The opportunities to travel were immense. I combined a curriculum-required international trip (in Japan - my first choice), with a teaching assistant position on a trip to Russia, a leadership role on a trip to D.C., and a student role in a trip around the world (London, Dubai, and Hong Kong). -- Investment Banking

I'm from mainland China, and I firmly believe that Chinese students can leverage Yale's brand name to help them open any door they want to open during the next 30-40 years in their career. -- Investment Banking

The Career Development Office needs serious work. They haven't seemed to get it right, yet. -- Finance

Dean Podolny is the most compelling figure I've encountered in academia, and I was continually impressed by his vision for the school, his understanding of what makes Yale SOM unique (i.e., the diversity of professional backgrounds and interests, the social sector roots of the school, the tight-knit community), and his ability to engage all relevant stakeholders. -- Consulting

The proximity to New York is more valuable than what I thought it would be. -- Consulting