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Yale School of Management


Yale SOM MBA Salary by Industry

Despite known as a Finance school, Yale SOM (class of 2019) attracted most candidates (37.2%) to the consulting industry with an impressive $145,000 base salary. Only Investment Banking with 10.6% class representation could beat the base and total salary with $150,000 and $200,000 respectively. Another surprising entry to the $200,000 total median salary club is the E-Commerce industry with the highest bonus salary payment of $70,000.

On the lower scale of the compensation were Non-Profit, Real Estate and surprisingly Private Equity/Venture Capital ($110,000). The bonus salary information absent from the tally could be the differentiator for PE as rarely we have seen a Finance sub-sector with less than $30,000 bonus payment. For PE, we suspect a highly correlated performance based bonus that would take the total median salary closer or even higher than $200,000.

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Around 45% of the class chose Consulting as a job function with Finance and General Management taking the 2nd and 3rd spots. Finance ($175,000) was leading in the total median salary over Consulting ($163,500). 
Yale SOM MBA Salary by Industry 2017

Despite the proximity to New York and Connecticut, the dominant industry that attracted the most number of MBA candidates was consulting (30.8%), earning equal pay with Finance, partly credited to the base salary that is $15,000 higher than Finance. However, Finance industry typically allocates 15-50% of the base salary as Bonus. Technology and Retail were the third and fourth popular choices.

Yale SOM MBA Salary by Function 2017
 
Around 45% of the class chose Consulting as a job function with Finance and General Management taking the 2nd and 3rd spots. Finance ($175,000) was leading in the total median salary over Consulting ($163,500). 

Reference: Yale SOM...


Application Deadlines for Yale SOM for the 2019 Entering class has been announced. Final Deadline is on Apr 16th 2019

     Application Deadlines        Admissions Decision

1.   Sep 10, 2019                      Dec 04, 2019
2.   Jan 7, 2020                        Apr 24, 2020
3.   Apr 14, 2020                      May 19, 2020

Essay Tips: Download 8 Sample Yale SOM MBA Essays

Yale SOM - How to Apply


Applicants seldom are part of transformational times. The Early 2000 and post-2008 applicants experienced the uncertainty and shift in the attitude of the market. However, for the past two years, we have seen a definitive change in the attitude of our clients. It might be generational or perhaps an idealistic call to take part in a transforming world.

Narratives where you were part of the history or contributed towards pioneering a new policy, change in culture, or technology is application gold.

Not many have the experience or the insight to measure their contribution at a functional, organizational, and societal level. Not many works in such industries.

In this example, the applicant, who is working for the Oil and Gas industry has a rare perspective on where the world is heading. The narrative starts with the declining oil reserve in the North Sea and switches quickly to the reluctance of the industry leaders to make the transition to the inevitable.

The subsequent narrative flows from a...


Sometimes the cause could lead the applicants to a journey that was never anticipated.

Climate change, declining compliance with vaccination, the negative influence of social media on democracy, prescription drug addiction, air pollution, access to drinking water, the threat of war, and market forces that weaken government institutions are all problems that affect all of us.
Applicants who take on such a problem has the advantage of narrative recall. In this example, the applicant’ journey from a Philanthropy Consultant to IMPACT investor is chartered with an experience in 2017. The problem facing coastal dwellers is the backdrop for this narrative.

Yale SOM MBA Essay prompt: Describe the biggest commitment you have ever made. (500 words)

Commitment could be in the form of reaffirming a personal value or a professional mission. In this case, the applicant’s vision to build a fund for the 200 million underprivileged communities inhabiting coastal areas is fueling the desire to learn about IMPACT investing.

In 2017, during my third engagement...

This is one of the most unusual questions we have seen in MBA Application. The first obvious question that comes to an applicant's mind - should I include a personal or a professional experience for this essay?

Essay prompt: Describe the biggest commitment you have ever made. (500 words)

Personal Commitment can vary from the relationship with a partner to pursuing a skill – music, stand-up, acting or pro-sports. If you have a substantial list of achievements to show, include a personal commitment to your skill, provided the recommendation letters, transcripts, and resume will help the admission team understand your career path. The trajectory and peak in your career should be obvious. If there is a hint of confusion on whether your pre-MBA journey is enough to achieve your post-MBA goals, use the essay to capture your professional experience.


Let us look at the MBA Application elements for Yale SOM. For 2019-20, the application includes a Video Essay, two recommendation letters, and one essay. The Video Essay is designed to test your ability to think on the feet. The recommendation letter...


Essay prompt: Describe the biggest commitment you have ever made. (500 words)


For Start-up Entrepreneurs, commitment is synonymous with their survival. Unlike job functions, grit is a quality that differentiates would be Entrepreneurs from the ‘successful’ ones. Anecdotal evidence is required to offer scope. With less than 3% of MBA candidates from top MBA programs pursuing their Entrepreneurial career post-MBA, Yale SOM fares much better at 5.9%. You would still be in the minority, but in MBA Application, the career path can stand out for its uniqueness.

Although the Entrepreneurship Program at Yale is a recent initiative (2014), the curriculum is structured to help a wide range of aspiring Entrepreneurs gain specialized knowledge in Social Enterprises, Healthcare and Life Science, and Real Estate. The Foundation of Entrepreneurial knowledge is offered by covering programming (technology), communication, raising funds (Venture Capital & PE Investments), investing (impact, start-up) and by managing change (market, people & technology).

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