Yale School of Management
The Yale School of Management is the graduate business school of Yale University, a private Ivy League research university in New Haven, Connecticut. The school awards the Master of Business Administration, MBA for Executives, Master of Advanced Management, Master's Degree in Systemic Risk, Master's Degree in Global Business & Society, Master's Degree in Asset Management, and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University. The Yale School of Management is one of six Ivy League Business Schools.
The school conducts education and research in leadership, behavioral economics, operations management, marketing, entrepreneurship, organizational behavior, and other areas. The EMBA program offers focused study in healthcare, asset management, or sustainability.
The school also offers semester-long student exchange programs with HEC Paris, IESE, the London School of Economics, the National University of Singapore Business School, and Tsinghua University. Students may also propose a quarter- or semester-long exchange program with any of the 25 other schools of the Global Network for Advanced Management.
History
Beginning in the 1950s, Yale University started to expand coursework offerings in business and organization management. A precursor to the School of Management, the Department of Industrial Administration, grew out of the Labor and Management Center, and conferred the master in industrial administration from 1958 through 1973. Professors Thomas Holmes, Chris Argyris, and David Votaw were instrumental in founding the MIA. In 1971, Yale University received a donation establishing a program in management from Frederick W. Beinecke, PhB 1909. Arriving in 1976, the first class of the two-year program that awarded a master's degree in public and private management attended the campus on Hillhouse Avenue.Historically known for its strength in studies regarding nonprofits and the public sector, the school's focus began to evolve and changed its name to the Yale School of Management in 1994. Shortly thereafter in 1999, the School began offering a master of business degree and discontinued the MPPM degree.
Yale SOM launched an executive MBA program for healthcare professionals in 2005, and in 2006, it introduced its mandatory, team-taught "Integrated Curriculum" for all MBA students.
In 2014, Yale SOM enrolled its first class of students in an expanded MBA for Executives program, offering the Yale MBA integrated core along with advanced study in asset management, healthcare, or sustainability. That same year in January, SOM's new building, Edward P. Evans Hall, opened at 165 Whitney Avenue, one block away from the old campus on Hillhouse Avenue.
Foster and Partners, the firm chaired by Pritzker Architecture Prize Laureate Lord Norman Foster ARCH ’62, designed the building with Gruzen Samton stated as the Architect of Record. Edward P. Evans Hall houses technology-enabled classrooms, faculty offices, academic centers, and student and meeting spaces organized around an enclosed courtyard.
Academics
Integrated Curriculum
For the 2006–07 academic year, the school introduced its "Integrated Curriculum", an effort to move away from the typical "siloed" teaching approach to a more cross-disciplinary curriculum. A multi-year, in-depth case study of the curricular reforms undertaken by Yale SOM demonstrated that while most business school curricular reforms happen at the fringe of the curriculum, mostly as fad, Yale SOM reforms were effective, extensive and substantial. The new curriculum is composed of two components: foundational skills classes in a program called "Orientation to Management" that take place during the first semester of the MBA program and a set of classes called "Organizational Perspectives" that take place during the second through fourth quarters of the first academic year and are case- and lecture-focused courses that decompose business components into the perspectives of different stakeholders.Orientation to Management
The Orientation to Management is the first segment of the curriculum, which introduces students to core concepts and business skills. The constituent courses include Managing Groups and Teams, Global Virtual Teams, Basics of Accounting, Probability Modeling and Statistics, Basics of Economics, Modeling Managerial Decisions, and Introduction to Negotiation.Organizational Perspectives
Organizational Perspectives is a series of interdisciplinary, team-taught master classes that make up the majority of required MBA courses at SOM. These courses include Employee, Innovator, Operations Engine, Sourcing and Managing Funds, Competitor, Customer, Investor, The Global Macro-economy, and State and Society. The final Organizational Perspectives course, the Executive, focuses on solving a series of case studies involving cross-national or global business challenges and draw on the subject matter taught in the other Organizational Perspectives courses and Orientation to Management skills.The Organizational Perspectives courses are both in lecture and case format which include cases from multi-media "raw" cases developed by SOM and the Global Network for Advanced Management.
Electives
MBA candidates are able to take electives courses at the School of Management commencing during the second semester of the MBA candidates' first year of instruction and during their entire second year of study. These electives include pedagogy drawing from traditional lecture and case-based instruction as well as includes independent reading and research with professors and instructors.SOM students are also permitted to enroll in the classes offered by other graduate and professional schools and at Yale University including the Yale Graduate School of Arts and Sciences, Yale Law School, Yale School of Public Health, and undergrad classes at Yale College.
Global Studies Requirement
MBA candidates are required to complete a Global Studies Requirement prior to graduation. This requirement can be fulfilled a number of ways including an International Experience Course, a Global Network Week, a Global Network Course, The Global Social Entrepreneurship Course, the Global Social Enterprise Course, or a term-long international exchange with a partner school.Admission
Admission requirements for the MBA include an earned four-year bachelor's degree from an accredited U.S. institution or the international equivalent, completion of an online application form and essay, GMAT or GRE score, academic transcripts, two professional recommendations, completion of video questions, a behavioral assessment, and a fee. The behavioral assessment is a forced-choice, multiple-choice online module lasting 20–25 minutes that measures inter- and intra-personal competencies associated with business school success.During the admissions cycle of 2020-2021, for the class of 2023, the MBA class was composed of 20% under-represented students of color, 49% of the US students are students of color, 9% are first-generation college graduates. Matriculating students represented 38 different countries and 176 different academic institutions with 15% having previously earned a graduate degree. Yale SOM is the fourth most selective MBA program with approximately 10.9 applicants competing for each seat.
| Class | MBA Class of '23 | MBA Class of '22 | MBA Class of '21 | MBA Class of '20 | MBA Class of '19 | MBA Class of '18 | MBA Class of '17 | MBA Class of '16 | MBA Class of '15 |
| Students | 349 | 350 | 345 | 347 | 348 | 334 | 326 | 323 | 291 |
| Women | 43% | 39% | 42% | 43% | 43% | 43% | 40% | 37% | 39% |
| International Students* | 44% | 40% | 44% | 45% | 45% | 46% | 40% | 39% | 32% |
| Average Work Experience | 5.1 | ||||||||
| Average GMAT | 726 | 720 | 721 | 724 | 727 | 725 | 721 | 720 | 720 |
| Middle 80% GMAT range | 640-780 | 680-760 | 690-760 | 690–760 | 690–760 | 690–760 | 680–760 | 690–740 | - |
| Average GRE Verbal Score | 165 | 165 | 165 | - | |||||
| Average GRE Quant Score | 165 | 164 | 163 | - | |||||
| Median undergrad GPA | 3.66 | 3.65 | 3.64 | 3.71 | 3.69 | 3.63 | 3.6 | 3.56 | 3.6 |
| 80% undergrad GPA | 2.91-4.0 | 3.34–3.92 | 3.36–3.92 | 3.38–3.94 | 3.31–3.91 | 3.23–3.88 | 3.17–3.87 | 3.36–3.8 |
Students represent 47 international countries in the class of 2021 from countries including Armenia, Ghana, Lebanon, Mauritius, and Peru.
Collectively, the class of 2021 speaks 44 languages, with over 69% of the class speaking more than two languages, and 28% of the class speaking more than three languages.
Employment statistics
The class of 2021, median overall compensation was ~$193,000 for the first year out of school. The distribution by employment location follows approximately one-half of the class staying within the Northeast, between one-quarter and one-third moving out west, and the remaining flowing to the Mid-Atlantic / Mountain West / South.Rankings
Yale is ranked by Poets and Quants in the top ten over the past eight years and has remained in tenth place since 2015.From 2011 to 2017, applications rose 46%—more than any other peer school, and 2017 alone saw a 12.3% increase in applications. In 2017, total academic quality of its incoming class was second only to Stanford, and total median pay of its alumni exceeded Columbia's, MITs, and U Chicago, despite more students than other peer schools pursuing non-profit work. Yale ranked number one in U.S. News & World Reports 2017 "Best Non-Profit MBA Rankings."
Yale's faculty were rated #1 of all MBA faculty in the Economist survey in 2018.
The 2018 Princeton Review put SOM at #2 for "Best Green MBA," #6 for "Toughest MBA to get into," and #7 for "Best MBA for Consulting" and "Best MBA for Management."