Yale MBA - Class Profile, Salary & Curriculum

Yale School of Management was established in 1994, although it began offering its first educational program in the 1950s. In its first iteration, the management program started as a Master’s in public and private management in the 1970s before converting into the modern-day MBA in 1999 with its unique multi-disciplinary approach.

In this in-depth analysis of Yale MBA, we cover:

• Yale MBA Class Profile
• Yale MBA - Total Cost
• Yale Full-time MBA Curriculum
• Yale Full-time MBA Scholarships and Financial Aid
• Yale Full-time MBA Salary by Industry (2021)
• Yale Full-time MBA Salary by Function (2021)
• Yale Full-time MBA Salary by Location (2021)

Yale MBA Class Profile  

For the class of 2024, 347 students were enrolled in the full-time Yale MBA program. The average GMAT score of the course was 5 points below at 725 compared to the top 3 US schools, while the GRE Verbal and Quant were in the 164 to 166 range. Although the average years of experience were a year and a half higher at 4.7 for a top US school, the admissions team maintained a stringent 3.69 GPA entry criteria.

Women MBAs in the class reached 43%, while the school’s commitment to improving US students of color were evident in the new metric – US underrepresented students of color (24%). The US Students of color were 54% of the class, while the international student percentage was 48%, including dual citizens and anyone with an international passport. Keeping an eye on balancing the global and diverse perspectives, the admissions team has ensured that students from the LGBTG+ community represent 12% of the Yale MBA class.

Yale MBA: Pre-MBA Undergraduate Degree    

Most of the incoming class (38%) were from a STEM background, while the Business and Economics cohort represented 43% of the class. The Humanities and Social Sciences at 19% contrast the consistent decline in representation seen in other top schools.

Yale MBA: Pre-MBA Industry

20% of the newly admitted students in the Yale MBA program had pre-industry experience in Financial Services, the highest for the class, closely contested by Consulting (19%). Interestingly, non-profits had 12% representation tied to Technology. Candidates from the Government were also in a healthy 9% representation. The government/non-profit duo’s high representation is an outlier for a top school. The unique perspective-based curriculum and high post-MBA consulting placements (many in the government/non-profit space) are factors for this unusual trend.      

Yale MBA – Total Cost  

The Yale MBA program costs $108,780 for an entire year. This sum comprises $79,000 in tuition, $500 in program fees, $25,524 in accommodation, board, and other expenses, $1000 for textbooks and photocopies, and $2,756 for health insurance. A one-time fee is included in the list of costs.

Hospitalization insurance is a requirement for Yale University students. The amount shown is based on what Yale's insurance will cost for a single student in 2022–2023 at Yale. Yale Health may not cover students with other forms of hospitalization insurance.

The Yale MBA Cost Breakdown also includes One-Time Computer Increase. Only domestic MBA students are eligible for this $1,000 increase (for loan/scholarship/fellowship disbursal); to be eligible, students must provide an invoice or quote for the cost of the computer.

Yale's two-year MBA program has a total cost of $217,060.

Note: The cost that we tabulated for 1-year is for a single student who is open to co-occupancy and with a conservative lifestyle.

Yale MBA Curriculum

The Yale MBA curriculum has a traditional schedule with core courses completed in Year 1 and electives in year two. The core courses are structured around two learning goals. One is to develop foundational skills as a manager. The other is to gain the skills to manage and execute complex organizational decisions.
 

The “Raw Case” study method used at Yale enables students to research data, news reports, and interviews to analyze and solve real-world cases with unstructured data. Organizational Perspectives, the second course that runs for two quarters of the first year of the MBA, puts students in the shoes of customers, competitors, investors, state and society, workforce, innovators, and the executive. The course supplements the new intuition to think non-linearly and helps students make impactful decisions.

The global study and experiential learning are scheduled for the spring of Year 1 and Fall of Year 2.

Yale MBA Core courses

In year 2, Yale offers 100+ electives. The themes provided at Yale can be broadly categorized into eight areas:

•    Consulting
•    Data Analytics and Technology
•    Entrepreneurship
•    Finance
•    Healthcare
•    Marketing
•    Social Impact
•    Sustainability

Management Science Concentration: Students in the Yale School of Management's MBA, MAM, and GBS programs can opt for a management science concentration, utilizing the faculty's extensive experience in quantitative approaches to business and management challenges. International students concentrating in management science are eligible for an additional two-year STEM extension of their Post-Completion OPT work authorization.

Global Study

International Experience: This course act as a case study for discovering the intricacies of a corporate setting from a leader's perspective. The course starts with a half semester of in-class instruction. It concludes with a 10-day tour to one or more corporate capitals, where students will visit businesses and interact with political figures.

Global Network Weeks: Students will have the chance to visit one of the 30+ Global Network schools for an intensive course in a subject of regional interest or specialization during the biannual Global Network Week.

Global Network Courses: Yale SOM has created new online courses that will allow students to collaborate on projects in project teams with students from Global Network institutions, helping them build crucial cross-cultural and time-zone collaboration skills.

Global Social Entrepreneurship Courses: The two Global Social Entrepreneurship courses at Yale SOM are among the several electives with an international focus that provides students the chance to travel abroad for an entrepreneurial consulting experience. To help students with a particular management challenge, Global Social Entrepreneurship Courses place students in contact with mission-driven social entrepreneurs in developing countries.

Exchange Program: Another option is to enroll in a semester or quarter of study at a business school abroad. Five of the top global business schools have partnered with Yale SOM for the semester-long exchange program:

•  The London School of Economics and Political Science
•  HEC Paris
•  IESE Business School, Barcelona
•  National University of Singapore Business School
•  Tsinghua University School of Economics and Management, Beijing
        

Yale MBA Scholarships and Financial Aid

For the Full-Time MBA Program at the Yale School of Management, students can choose from five different sources of financial aid – merit-based scholarships, external funding, loans, loan forgiveness, and fellowships.

Merit-Based Scholarships: At SOM, all applicants are considered for merit-based funding with no external applications required. When admitted, scholarship recipients are informed of their merit-based award.

The Yale SOM Loan Forgiveness Program: 400 alumni from all over the country have received more than $12 million in support from the school since its founding with the Loan Forgiveness program. The liberal support that Yale offered is now a standard among top Business Schools.

Yale SOM Entrepreneurial Fellowship: Loan payments for recipients of the Yale SOM Entrepreneurial Fellowship will be postponed for the first two years following graduation. The school covers up to $7,000 in annual interest for loans. The objective is to help business owners invest more time and money in their enterprises during the first two years.

Benefits for U.S. Military and Veterans: Yale has taken a proactive approach to support military veterans and active-duty personnel with a diverse range of benefits, allowances, and merit scholarships. The school and Ross and Tuck MBA consistently rank among military-friendly top schools worldwide.

The most notable Military Scholarships and support provided at Yale are:

• Post 9/11 GI Bill®
• Yellow Ribbon Program
• Veteran Readiness & Employment (Vocational Rehab)
• Military Housing Allowance (BAH)
• Military Merit Scholarships

Student Loans: Most students' financial aid includes a sizable portion of student loans for education. Yale typically provides federal, private, and foreign loans to fund the MBA program, which we will cover in more detail below.

Yale MBA Scholarships

In addition to the 151 external scholarships that require a separate application from the students, Yale gives 75 internal awards to its students. The list of internal scholarships offered by the Yale MBA Program and eligibility information are listed in the table below.

External Funding Resources: Students are advised by the Financial Aid Office to investigate outside scholarships for which they may be qualified. The Yale Scholarship team has developed a searchable scholarship database tool that enables students to sort by sector, area, population, and other criteria.

Yale MBA Loans Option

Students applying for the Yale MBA program can apply for federal and private loans.

Federal Loans

Federal Direct Unsubsidized Loan: The Federal Direct Unsubsidized Loan is automatically evaluated for applicants who are US nationals. Students are permitted to borrow up to $20,500 per academic year. The fixed interest rate for the academic year 2022–2023 for loans disbursed on or after October 1, 2021, is 6.54%, with an origination fee of 1.057%.

Federal Graduate PLUS Loan: Federal loans known as the Graduate PLUS Loans allow applicants to get loans equal to the cost of attendance minus other financial aid acquired. A solid credit history is necessary. The fixed interest rate is 7.54% for the academic year 2022–2023, with an origination fee of 4.228%.

International Student Loans – No Co-signer Loan

All international students are advised to consider financial options in their home nations.

International students who cannot find funding in their home country can sign up for a loan with Quorum Federal Credit Union without a US co-signer that funds 80% of the tuition fees.

International Student Loans – Database

ELMSelect allows international students to research several lenders if they have a creditworthy cosigner in the United States. With the help of ELMSelect, students may assess and select the best lender for their loan requirements by comparing a range of lenders. This list includes lenders that Yale students have utilized in the previous three years.

Students can borrow money from any lender they choose, not only the ones on the list provided by the Yale SOM. The suggested lenders include Discover Bank, Sallie Mae, College Ave Student Loans, Custom Choice Loan powered by Cognition Financial, PNC Bank, SoFi, MPOWER Financing, No-Cosigner Global Loans, Laurel Road, Citizens, and Prodigy Finance.
 

Yale MBA Salary – By Industry

Consulting, with a 34.2% placement, became the most popular post-MBA industry at Yale MBA Program. The industry also offered the highest base salary of $165,000 and a $30,000 median signing bonus. Although Consulting offered the highest base salary, the Finance industry (25%) showed the highest overall salary (base salary and signing bonus), i.e., $200,000 per annum. The other top industries were Technology (10%), Retail (10%), and Consumer Packaged Goods (5.8%).    

Yale MBA Salary – By Function   

Consulting has emerged as the top function with a 47.5% hiring rate, a $160,000 median base salary, and a $30,000 median signing bonus. Finance/Accounting, with a 27.5% hiring rate and $145,000 median base salary, and a $47,500 median signing Bonus, was second. General Marketing (9.6%) and Marketing/Sales (8.8%) are the other top functions at Yale SOM.

Yale MBA Salary - By Location    

91.5% of MBA graduates were placed in the United States, whereas 8.5% were outside the US. Comparing the Base Salary, those who got placed in the US received a median base salary of $150,000, whereas those placed outside the US were approximately $50,000 behind. 

Most hiring was in the Northeast region (52.1%) and received an annual base salary of $150,000. The West region was second with a 25.6% placement and a much lower median base salary of $135,000. The Southwest region received the highest median base salary of $162,500. The tech boom in Texas from the pandemic-driven migration and the consistent corporate finance placements in the region could be the reasons for high remuneration.    

Asia accounted for 40% of international placements, Europe 30%, South America and Central America, and the Caribbean each accounted for 10% of placements. Interestingly the difference in base salary among Asian and Europe placements was similar.

Related Book

• F1GMAT's Yale SOM MBA Application Essay Guide (Includes 15 Sample Essays)

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Reference

• Yale Full-time MBA