Master of Business Administration [M.B.A]
Field of Study:
$79,500/Yr
MBA at Yale University ranks #7 in the best business schools by US News and World Report. The program also ranks #9 as per Financial Times MBA 2022. Aside from a two-year, full-time MBA Yale University offers an Executive MBA program for accomplished professionals.
- Application Deadlines: Yale School of Management is currently accepting applications for MBA. The school holds three MBA application rounds. The deadline for MBA application round 1 is on September 13, 2022. Round 2 application deadline is on January 5, 2023. The final date to apply for MBA at SOM is April 11, 2023.
- Class Profile: 349 total students were accepted for the MBA class of 2023. International students comprise 44% of the total class. The class holds an average work experience of 4.4 years. Admission profile for the MBA Class of 2023 includes an average undergraduate GPA of 3.69 and an average GMAT score of 730.
- Placements: 94% of students from Yale SOM MBA Class of 2021 accepted job offers within 3 months of post-graduation. Recruiters who hired MBA class of 2021 graduates are Accenture, NESTLE USA, Apex Clean Energy, American Express, Johnson & Johnson, Paramount Pictures Corporation, and Amazon.
Check: Student reviews at Yale University
Yale School of Management also offers students the opportunity to pursue an MBA in combination with a degree from Yale School of Medicine, Law School, Yale School of Architecture, or School of Environment.
Course Curriculum
- Year 1 MBA curriculum includes only core courses. The core courses are divided into three sections. This includes Orientation to Management, Organizational Perspectives courses, and The Executive.
- In year 2, students will be able to design their course of study by opting for electives in areas such as Finance, Consulting, Social Impact, Data Analytics & Consulting, Marketing etc.
- MBA Students may pursue an optional concentration in Management Science. Students who opt for the management science concentration must complete a minimum of 16 units.
- All Yale MBA students need to fulfill the Leadership Distribution Requirement by taking one elective that focuses on leadership in a particular industry.
- Yale SOM MBA students also need to meet the Global Studies requirement. To fulfil this requirement, international students need to participate in one of the following courses:
- International experience
- Global Network Weeks
- Global Network Courses
- Global Social Entrepreneurship Courses
- Exchange Programs
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $79500 (USD 79500) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Transportation | $1980 (USD 1980) |
| Room and Board | $25524 (USD 25524) |
| Health Insurance | $2756 (USD 2756) |
| Books and supply | $1000 (USD 1000) |
| Total Cost | $31260 (USD 31260) |
At Yale School of Management, students need to pay 79,000 USD as tuition fees for MBA. Aside from this, Yale University will also charge for health insurance plan and program fee.
MBA at Yale School of Management Scholarships
At Yale School of Management, all applicants are considered for merit-based funding. No formal application is required for merit-based funding. Selected students will be informed about merit-based funding when they are admitted to the program. Apart from this, the Yale School of Management also offers -
- Yale School of Management Loan Forgiveness Program
- Yale SOM Entrepreneurial Fellowship
The Financial Aid office at Yale University also recommends that students research scholarships offered by external sources.
Check: MBA Scholarships in USA
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | $79000 (USD 79000) |
Eligibility & Entry Requirement
Candidates applying for an MBA at Yale School of Management must meet the following eligibility requirements -
Academic Requirements:
- 4-year bachelor’s degree
- Undergraduate GPA over 3.3+ (on a scale of 4.0) Check: What is GPA?
Note: International students with a three-year degree can also apply
TOEFL-Score:
- TOEFL-iBT Score of 100 is mandatory. Equivalent IELTS Score is accepted.
Essay Requirement:
- Candidates are required to complete only one essay question for admission to MBA at Yale SOM.
- Essay Question at Yale SOM: Describe the biggest commitment you have ever made.
Work Experience:
- Work experience is not required for entry to the Yale SOM MBA Program. However, it is strongly encouraged.
- Class of 2023 holds an average of 4.4 years of work experience.
Behavioural Assessment Tool:
- The Behavioral Assessment is an online admissions tool that measures a set of interpersonal and intrapersonal competencies associated with business school success.
Interview:
- All applicants who are offered admission will be invited for an interview by the Admissions Committee.
Video Questions
- After submitting the online application and paying the fee, candidates will receive access to the video questions.
- Every candidate will be provided with an arbitrary and previously recorded set of questions prepared by an admissions team member.
Scores Required
School accepts both the GMAT and GRE scores for admission to the MBA program. There are no minimum score requirements at Yale. Students can check the average scores submitted by Class of 2023 to gain an idea:
- GMAT score over 730
- Middle 80% GMAT range 690 - 760
Required Document List
The following documents are required for admission to the MBA at Yale School of Management:
- Academic transcripts both in original language and in English
- GMAT/GRE official score report (GMAT Code: 3TJ-BX-45 and GRE code: 3986)
- Financial Statements
- A copy of the Passport.
- Essay
- Extracurricular activities
- Statement of Purpose (SOP)
- Behavioral assessment
- Resume
- Two Letters of Recommendation for USA (LORs)
- Application fee of 250 USD
| Resume Sample | Academic LOR Sample |
| Professional LOR Sample | SOP for MBA Sample |
Course Guides
Executive MBA in USA: Top Universities, Admissions, Fees, Scope
Masters (MS) in USA: Colleges, Courses, Deadlines, Eligibility & Fees
Masters in Management in USA: Fees 2023, Top Colleges, Placements & Salaries
MBA in Finance in USA: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
MBA in USA Colleges, Fees, Scholarships, Salary
MBA in USA without GMAT: Top Universities, Admission Requirements, Deadlines, FAQs
Career and Placement after Course
96% of students from Yale SOM MBA Class of 2021 received job offers by 3 months of post-graduation. Out of this, 95% of students accepted their job offers. Yale MBA graduates received an average base salary of 140,000 USD and a median signing bonus of 30,000. The chart below shows the percentage of student employment by industry:
Source: Yale University
The table below shows salary by function:
| Function | Salary |
|---|---|
| External consulting | $165,000 |
| Internal consulting/strategy | $136,500 |
| Finance/Accounting | $145,000 |
| General Management | $124,000 |
| Marketing/Sales | $140,000 |
| Operation/Logistics | $120,000 |
Career support at Yale School of Management
At Yale School of Management, the professional clubs like the Consulting Club, Finance Club, General Management help students to prepare for job interviews through bootcamps, mock interview sessions and more. The clubs also invite industry leaders throughout the year for informal discussions on different career paths.
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Deutschland Stipendium Program | Scholarship per student$ 4,363/Yr$4,363 | Level Of StudyBachelor | TypeCollege-Specific | |
| JN Tata Endowment Scholarship | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Paul Foundation scholarships | Scholarship per student$ 20,174/Yr$20,174 | Level Of StudyDiploma | TypeMerit-Based | |
| 1st Formations Business Scholarship | Scholarship per student$ 800/Yr$800 | Level Of StudyBachelor | TypeMerit-Based | |
| Forte Fellowship | Scholarship per student$ 24,623/Yr$24,623 | Level Of StudyMaster | TypeMerit-Based | |
| The Kay-Grant Group Scholarship | Scholarship per student$ 1,000/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based |
Options Available
| Program | Delivery Type | Duration | Program Type | Tuition Fees |
| M.B.A Finance | full time | 2 years | on-campus | $79000 |
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