The Yale School of Management is consistently ranked as one of the top business schools in the world. As an Ivy League school, many people are interested in whether its MBA program is worth it or not.
The Yale School of Management has been ranked as one of the top business schools globally. It is part of Yale University and offers a Doctorate and Masters program. Yale had ties with the Consultative Group to Assist the Poor (CGAP) and had helped develop Global Poverty and Practice minor program.
Yale MBA School Ranking
Yale MBA Founded in 1976, the Yale School of Management was established as a School of Organization and Management by the Yale Corporation that approved the creation of an institution to offer a master’s degree in public and private Management. Renamed as its current name in 1994, it began offering a full-time MBA program in 1999 and rapidly became a coveted name in the US Education System.
- Also known as Yale SOM, the college enrolled 347 students in full-time MBA class of 2020 that represented more than 58 countries across the globe.
- Admissions at Yale School of Management are available in 3 intakes during a year and charges a non-refundable yet waivable application fee of 250 USD from all its candidates.
- Having an acceptance rate of only 6%, which means candidates with a perfect 4.0 and ‘A’ in their academic year along with outstanding curriculum and overall persona can get accepted. The school is a highly competitive organization for aspirants seeking to study in the USA.
| Ranking | Rank (out of 100) |
|---|---|
| Overall rank | 11 |
| Regional rank | 11 |
| Rank (out of 100) | |
|---|---|
| Open new career opportunities | 19 |
| Diversity of recruiters | 25 |
| Percentage who received a job offer within three months of graduation | 45 |
| Student assessment of career service | 39 |
| Personal development and educational experience | 6 |
| Faculty quality | 31 |
| Student quality | 20 |
| Student diversity | 9 |
| Education experience | 12 |
| Increase in salary | 19 |
| Percentage increase on pre-MBA salary | 37 |
| Post-MBA salary | 20 |
| Potential to network | 46 |
| Breadth of alumni network | >100 |
| Internationalism of alumni | 32 |
| Student rating of alumni effectiveness | 25 |
is yale mba worth it?
- The Yale School of Management has been reported by five major rankings, namely, Bloomberg BusinessWeek, U.S. News and World Report, Financial Times, the Economist, and Forbes.
- The institute has been ranked 14th in the Bloomberg BusinessWeek annual list of top full-time MBA programs in the US in 2020.
- In 2020, The Economist also ranked it as the top 21st full-time MBA programs across the globe.
- In September 2020, Forbes ranked the school at 11th position among major business schools based on the school’s return of investment.
- In March 2020, the U.S. News and World Report had ranked the institute 9th in its annual ranking of business schools in the U.S.
Highlights
| Type of College | Private |
| Campus Setting | Urban |
| Location | New Haven, Connecticut |
| Official Website | som.yale.edu |
| Total No. of Academic Programs | 7 |
| Application Portal | College Application Portal |
| Student to Faculty Ratio | 6:1 |
| English language proficiency score | TOEFL or equivalent |
| Financial Aid | Available as grants, awards, and scholarships |
Yale School Of Management Top Programs
- Programs offered at Yale School of Management include including several degrees and certificate programs.
- Its full-time MBA is a two-year program that has a distinctive integrated curriculum. The MBA executive program is offered to working professionals to gain fundamental expertise.
- The institution also offers a Masters of Advanced Management program and a Masters degree in asset management, Global Business and Society, and Systemic Risk.
- Joint Degree Programs are offered in Law, Environment, Public Health, Global Affairs, Medicine, Architecture, drama and others.
- The Yale SOM also offers several executive programs in Leadership, Marketing and Finance in addition to Digital Programs, Partner Programs and Yale Executive Global Leadership Program.
Below are the top 5 programs along with their fees:
| Requirements | MBA | Executive MBA (EMBA) | Master in Assets Management | Master of Advanced Management (MAM) | Master in Systemic Risk (MMS) |
|---|---|---|---|---|---|
| Application fee | $250 | $225 | $95 | $100 | $100 |
| Program Fee (includes tuition fee along with other living expenses) | $102,240 | $198,500 | $102,240 | $102,240 | $102,240 |
Yale School of Management Campus
- The school’s campus is known as the Edward P. Evans Hall. It is a modern architectural building situated at the northern end of the Yale University Campus.
- The Edward P. Evans Hall was constructed in 2014 and spreads across an area of 2,40,000 square feet. It comprises 16 innovative state-of-the-art classrooms, 22 breakout rooms,13 interview rooms, 3 library spaces, a dining area, coffee shop, a Terrace room, a lecture room with an outdoor terrace, academic centers, faculty offices, meeting spaces and an enclosed courtyard.
- The courtyard is the heart of the institute. It provides an outdoor space to study and socialize and links the Evans Hall to other buildings and colleges in the Yale University campus.
- Evans Hall has been designed to keep sustainability in mind. Maintenance and irrigation requirements are low due to native vegetation, the heat island effect is also reduced due to underground parking. Most of the construction material and resources have been obtained from landfills.
Yale School of Management Accommodation
The institute provides housing facilities in the form of dormitories and apartments but only for its graduates and professional students. The spaces are available in the form of apartments and dormitories like Mansfield, Divinity school, York-crown, white hall, prospect street, Harkness hall, elm street, baker hall, etc.
The facilities for each of the halls include kitchens, study space, well-equipped bedrooms, laundry rooms, connect space, among others. The cost for these various halls varies tremendously arranging from 900 USD to 10,000 USD per semester. The school also offers a housing website that lists off-campus accommodation alternatives for all its students by providing information regarding property rentals and on-sale houses across and near the greater New Haven area.
Yale School of Management Application Process
Application portal: The college has a separate application portal for each program.
Application Fee: The standard application fee is 250 USD which can be reduced as per the student’s income.
Application Deadlines
The school has its deadlines for the fall, spring/summer, and winter semesters. The deadlines are:-
Full-time MBA: September 15/ January 7/ April 13
Executive MBA (EMBA): October 26/ January 28/ March 29
Management Masters (MAM): January 7/ February 23/ April 13
yale mba fees
| Tuition | $74,500 |
| Program Fee | $2,270 |
| Total Tuition and Fees | $76,770 |
| Room, Board, and Personal Expenses* | $24,284 |
| Textbooks and Photocopies | $1,000 |
| Health Insurance** | $2,698 |
| Total Estimated Living Expenses | $27,982 |
| Total Single Student Budget | $104,752 |
| * Expenses assuming a modest lifestyle and shared housing. ** Yale University requires students to carry hospitalization insurance. The figure shown is an estimate based on the 2021-22 cost of Yale’s insurance for a single student. Students with alternate hospitalization insurance may waive Yale Health coverage. One-Time Computer Increase: Students must submit an invoice or quote for the price of the computer in order to receive this increase up to $1,000. For domestic MBA students only. |
Joint Degree Applicants
Fees for students in joint degree programs may vary from the fees shown above in the standard student budget. In addition, graduate programs at Yale have different tuition rates and financial aid policies. Each school will determine your financial aid for the period of enrollment at that school.
yale mba requirements
- Four-year bachelor degree from a recognized university.
- GPA (3.34 to 3.92)
- Statement of purpose
- College Transcripts
- LOR to study in US
- Completed video questions
- Official GMAT ((Median GMAT- 680-760 required)/ GRE score (Median GRE- 160-170 required)
- Resume
- Interview
MBA Admission Requirements: Certified copies of original transcripts with English translation, Recommendation letter, Video response to a question, GRE/GMAT score
Other Programs: In addition to the above requisites, some programs require a resume, essay and employee approval for admission.
English Proficiency Requirement: International students with English as a non-primary language can submit TOEFL, IELTS or PTE scores as proof of English proficiency. However, these are not mandatory requirements for admission.
Yale mBA acceptance rate
For all the prospective candidates of the institute seeking admission in the coming sessional year, an estimated budget for international students looking to study in the US has been tabulated below.
| Type of Expense | Cost (in USD) |
|---|---|
| Tuition Fee | 72,350 |
| Program Fee | 2,210 |
| Room, Board, and Personal Expenses | 24,076 |
| Textbooks and Photocopies | 1,000 |
| Health Insurance | 2,604 |
Note: The tuition fee for the Executive MBA for July 2020 entrance is 193,500 USD. The management masters and other joint programs have similar tuition fees.
Yale School of Management Scholarships
The Yale School of Management offers various kinds of scholarships for international students to study in the USA including General Merit Scholarships, Scholarships by Area of Interest, Joint Degree Scholarships, MBA for Executives Scholarships, International Scholarships, and many more.
Some of the International Scholarships include:
- Chapman Scholarship- Awarded to MBA students from Africa, India, China and Commonwealth states on the basis of merit.
- Yale Global Executive Leadership ProgramMBA Scholarship- Awarded to full-time MBA students demonstrating ethical leadership and commitment.
- Global Leaders from India MBA Scholarship Program- Awarded to full-time MBA students from India with strong academic and professional accomplishments.
Yale School of Management offers several other kinds of scholarships to international students from Africa. China, Europe, Israel, and Middle-East Asia as well. The institute, in association with other organizations, also offers various scholarships based on the area of interest and program to which a student is enrolled.
| Type | Scholarship |
|---|---|
| Merit-based | Togbe Afede XIV ’89 MPPM Alumni Fund Scholarship, Joseph Wright Alsop (Ph.B. 1898) Memorial Scholarship, Harry and Nisha Arora ’04 MBA Scholarship, Shanna and Eric Bass ’05 MBA Scholarship |
| Advertising and Marketing | Jess Morrow Johns (B.A. 1947) Memorial Scholarship for Advertising and Marketing |
| Entrepreneurship | Claire and Joe Greenberg Scholarship, Usha ’90 MPPM and Diaz Nesamoney MBA Scholarship, Nancy Pfund ’82 MPPM Scholarship |
| Finance | Nancy Pfund ’82 MPPM Scholarship |
| Masters of Advanced Management | Brandon Liu Tieh Ching Scholarship, Alec L. Ellison ’84 B.A. Master of Advanced Management Scholarship, Jane Sun and John Wu Scholarship |
| MBA for Executives | Yale SOM MBA for Executives Class of 2016 Scholarship |
| Ph.d. | Harry and Heesun You Fellowship |
Yale School of Management Alumni Network
The institute’s alumni network is a close-knit community that offers career advice and industry insights to recent graduates. The School also promotes and helps its alumni through mentorship programs that help the students to create a relationship with Yale SOM alumni who are experts in their fields.
The university databases allow the institute’s students to search for alumni in different industries and connect with them.
Notable alumni of the institute include Indra Nooyi, CEO of PepsiCo, Inc; Ashwin Sanghi, author of Chanakya’s Chant The Rozabal Line and many such famous books and Laszlo Bock, Vice President of Google.
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