It may be passé to start a piece on Yale School of Management (Yale SOM, SOM) with a recounting of PepsiCo CEO Indra Nooyi’s “landmark” gift to her alma mater in early 2016.
But the fact is that Nooyi’s gesture put SOM firmly in the minds of bright and ambitious MBA aspirants once again.
We gathered some data specially for those with Yale SOM in their sights:
Yale SOM, part of the Ivy League Yale University, is located in New Haven, Connecticut. New Haven has warm and humid summers and cold winters with moderate snowfall, and the temperature ranges from -5 to 38 degrees Celsius. The city has numerous parks and arts centers, and is a foodie’s delight, with many restaurants offering cuisines, including Indian.
The campus of Yale University, New Haven’s largest tax-payer and employer, is dotted with historical buildings, including museums.
SOM is situated in the northern part of the university, in a new 225,000-sq-ft building complex, Edward P. Evans Hall, named after Evans as thanksgiving to this leading owner and breeder of thoroughbred racehorses, an alumnus who donated $50 million to the school.
The SOM website reports that the US News & World Report has ranked the school eighth in the US (March 2016); FT ninth in the US and 18th globally (January 2016); Bloomberg Businessweek 11th in the US (October 2015); Forbes 11th in the US (September 2015); and The Economist 13th in the US and 19th globally (October 2015). These ranking organizations used different criteria.
The SOM faculty includes professors from all over the world, including India, teaching subjects as diverse as management, economics, accounting, finance, marketing, organizational behavior, and political science, and is headed by Edward A. Snyder, who is the Indra K. Nooyi Dean and William S. Beinecke Professor of Economics and Management.
SOM offers a two-year MBA program, an MBA for Executives program, a Master of Advanced Management program, and doctoral and joint degree programs.
Yale SOM has evolved an integrated curriculum that takes management studies across various disciplines to help alumni better understand their organization as a whole and society in all its diversity.
SOM maintains H3 ties with Yale University, whose professors help enrich the school’s think-tank. Many SOM courses are taught by professors from various disciplines together.
SOM also uses the “raw case approach,” by which teams of students work on data from real situations and put forward their analyses.
International students with 16 total years of education can apply. Typically, successful applicants have a postgraduate degree if they have fewer than 16 years of education, although this is not mandatory.
GMAT or GRE scores are required. Applicants must fill out an online application, including an essay, provide transcripts from every college attended, submit two professional recommendation letters, complete the video questions, and pay the application fee.
International students need not have taken TOEFL, IELTS, or PTE Academic. Every applicant is interviewed.
There is no minimum GMAT or GRE score, and no minimum work experience is insisted upon, although, typically, successful applicants have an average of between three and five years of experience. Students for the Silver Scholars program are recruited directly from their colleges.
In 2016-17, the total tuition ($64,200) and program fee ($1,960) brought the total fee to $66,160.
Along with living expenses of $25,240 (room, board, and personal expenses $21,976), textbooks and photocopies ($1,000), and health insurance photocopies ($2,264), the total student budget for a year was $91,400.
All SOM students are automatically considered for merit-based scholarships. Industry associations, fraternal and athletic organizations, foundations, and ethnic associations provide financial assistance.
Although SOM advises successful applicants to look for funding from their home countries, it provides information about lenders in the US. Alumni who work for public and nonprofit sectors are considered for loan forgiveness programs if they meet the eligibility conditions.
“SOMers” can be members of over 40 MBA student clubs, including career-oriented clubs, education clubs, innovation clubs, South Asian clubs, and even food and wine clubs. The clubs are forums for discussion and workshops that develop business and leadership skills.
Yale SOM seeks to educate leaders of business and society with an understanding of the interconnectedness of economies and enterprises around the world through the Global Network of Advanced Management, a consortium of global b-schools that it established in 2012.
SOM’s mission is to equip leaders to thrive in the ever-changing global economy by providing them with the big picture through management education. It aims at achieving this objective by bringing international business leaders to its campus, by implementing an integrated curriculum, and by disseminating its expertise in leadership and organizational behavior.
Historically, Yale SOM has held the upper hand in government and nonprofit management.
The Yale SOM Class of 2017 has 326 students, 40 percent women. The middle 80 percent GMAT score range was 690-760, with the average score at 720. The middle 80 percent undergraduate GPA was 3.28-3.88, and the average GPA 3.63. The mean age was 27.
International students comprise 40 percent, US citizens and permanent residents 38 percent, and students of color 22 percent. Sixty-four percent are North American and 19 percent Asian.
Nearly 32 percent are undergraduate majors in the Humanities and Social Sciences, 24 percent in Business, 15.8 percent in Engineering and Computer Science, 15.8 percent in Economics, and nearly 12 percent in Mathematics and Physical Sciences.
SOM’s Career Development Office provides assistance to students in writing their résumé and the cover letter. It also makes resources available for improving their interviewing and negotiation skills. The office offers one-on-one career counseling and also brings top recruiters to the SOM campus.
Statistics show that nearly 30 percent of the SOM Class of 2015 took up consulting positions, 14 percent jobs in the technology sector, and nearly 12 percent employment in the finance sector.
Thirty percent of the alumni were engaged in finance and accounting functions, 28 percent in external consulting, 13 percent in marketing, and eight percent in general management.
Eight-six percent of the hiring was for positions in the US. Ninety-three percent of students received job offers within three months of graduation.
As many as 400 organizations hired at least one student of the Class of 2015 or offered internship to at least one student of the Class of 2016. Here’s a representative list of Yale MBA recruiters.
|Consulting services||A. T. Kearney, McKinsey, Accenture, Bain and Company, Boston Consulting, Infosys, Ernst and Young|
|Consumer packaged goods||Pepsi, Colgate, Philips|
|Energy||GE Power, Exxon, Shell|
|Finance services||American Express, Bank of America, Merrill Lynch, Goldman Sachs, Morgan Stanley, BNP Paribas, Chase, Citi, J. P. Morgan Chase, World Bank Group|
|Government||White House, IMF|
|Healthcare||Johnson & Johnson, Pfizer|
|Manufacturing||Cummins, Delta Air Lines|
|Media/entertainment||Thomson Reuters, Time Warner, Sony Playstation|
|Nonprofits||WWF, Special Olympics, United Nations Foundation|
|Technology||Microsoft, Google, Apple, IBM, Facebook, LinkedIn|
The base annual salary range was $105,000-$130,000, with the median salary at $120,000.
Other guaranteed compensation was worth between $25,000 and $52,000, with the median at $35,000.
The median base salary for US hires was $120,000 and that for international hires $115,000.
Among SOM’s famous alumni are, besides Nooyi, Ashwin Sanghi, Indian novelist; Ranji H. Nagaswami, Chief Investment Advisor to New York City Mayor Michael Bloomberg; John L. Thornton, former President of the Goldman Sachs Group; Edward Miner Lamont, Jr., businessman and politician; and Wendi Deng Murdoch, film producer.
SOM raised more than $3 million from a record 51.5 percent of its alumni in 2015, the second largest alumni participation in fundraising after Dartmouth Tuck School of Business (70 percent).
Resources: 1, 2, 3, 4, 5, 6, 7, 8, 9