Yale School of Management
New Haven, United States
- Cost of Living$ 20,520
- Tuition Fee From$ 44,500
- Country Rank-
- Batch Strength972
- Global Diversity-
- Gender Ratio-
Overview
About
The Yale School of Management (SOM) is a world-renowned business school located in New Haven, Connecticut. Founded in 1976, the SOM has a mission to educate leaders for business and society. The school offers a range of degree programmes, including the MBA, Executive MBA, Master of Advanced Management, and PhD in Management.
The MBA programme at the management school is highly selective, with an acceptance rate of around 25%. The programme emphasises a rigorous academic curriculum and a focus on leadership development. Students take courses in areas such as finance, marketing, operations, and strategy, as well as in interdisciplinary topics such as sustainability, healthcare, and technology. One unique aspect of the Yale SOM MBA programme is the integrated curriculum. Instead of taking courses in silos, students take courses that build on one another, providing a cohesive and comprehensive education. For example, the first-year curriculum includes courses on decision-making, data analysis, and modelling, which are then applied in second-year courses on strategy and operations.
The school's mission statement includes a commitment to "educate leaders for business and society," and this is reflected in the curriculum. Students can take courses on topics such as sustainability, social entrepreneurship, and business ethics. The school also has a focus on global issues, with opportunities for international study and projects.
Yale School of Management also offers an Executive MBA programme, designed for experienced managers who want to continue working while pursuing an MBA. The programme is structured around four residential modules, which take place over the course of 22 months. The programme includes a focus on leadership development, with courses on topics such as communication, collaboration, and decision-making. The school also has several research centres and initiatives, including the Programme on Financial Stability, the Yale Centre for Environmental Law and Policy, and the Yale Initiative on Sustainable Finance.
Ranking
The Yale School of Management is consistently ranked as one of the top business schools in the world. These rankings are based on factors like subjects offered, faculty, staff and facilities, student satisfaction, etc. Below are the highlights of the rankings of the institution -
- Financial Times Global MBA Rankings (2023) - #10
- QS University Business School Rankings (2023) - #18
- QS University E. MBA National Rankings (2023) - #7
- QS University E. MBA Global Rankings (2023) - #12
- QS International Trade Rankings (2023) - #60
- The Economist Business Rankings (2022) - #17
- Bloomberg Business Rankings (2022) - #10
Year
QS Ranks
US News Ranks
2023
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Facilities
Edward P. Evans Hall: The school’s state-of-the-art campus is located in New Haven, Connecticut. Evans Hall features modern classrooms, team rooms, faculty offices, a dining hall, a café, and other facilities to support teaching, research, and student activities.
Beinecke Terrace Room: This versatile event space in Evans Hall overlooks the city of New Haven and can accommodate a wide range of events, including conferences, guest lectures, and social gatherings.
Yale SOM Library: The school has a dedicated library that provides access to a wide range of business resources, research databases, and academic journals to support student and faculty research.
Study Spaces: The school offers various study spaces, including group study rooms, individual study carrels, and open spaces for students to collaborate, study, and work on projects.
Technology Resources: Students are provided access to advanced technology resources, including computer labs, software tools, data analytics resources, and other technology-enabled facilities to support research and learning.
Fitness Facilities: Students have access to fitness facilities on campus, including gyms, sports fields, and recreational facilities to support their physical well-being.
Dining Facilities: Evans Hall also has a dining hall and a café that provide a range of dining options for students, faculty, and staff, including healthy meal choices and catering services for events and meetings.
Notable Alumni
Courses
Admission
Yale School of Management Entry Requirements
Yale School of Management is a popular choice for many students. Its admissions process can be moderately competitive. The entry requirements vary depending on the programme selected. The minimum requirements do not guarantee admission as decisions are based on a holistic review of all application materials. Students may also have to pay an application fee. Below are the supporting documents required for admission:
- Four-year bachelor’s degree from an accredited University
- Academic transcripts both in the original language and in English
- GMAT/GRE scores - 730/166
- GPA score - 3.0
- Financial Statements
- A copy of the Passport.
- Essay
- Extracurricular activities
- Statement of Purpose
- Behavioural assessment
- Resume
- Two Letters of Recommendation
- Video Questions
- Interviews (On invitation)
Yale School of Management Fees
The institution offers several programmes at different levels. Listed below are the fees based on various courses
- M.B.A - $83,256 /Year
- M.B.A Finance - $83,256 /Year
- PhD Finance - $46,437 /Year
- M.S Advanced Management - $49,221 /Year
- PhD Accounting - $46,437 /Year
- PhD Marketing - $46,437 /Year
Placements
The Yale School of Management has a strong track record of placing its graduates in a variety of industries and roles. The school has a dedicated career development office which offers a range of resources and facilities to support students in their career development. This includes interview rooms, career coaching, job search resources, and networking events. According to the school’s report, 94% of graduates secured employment within three months of graduation. The most popular industries for graduates were consulting, finance, technology, and healthcare. The average salary package offered to graduates is $67,000.
Scholarship
Regardless of the program you are studying, there are several scholarship opportunities provided by the university as well as other organizations. With so many scholarships available now, overseas students can greatly lower the financial burden of studying in a new country. You can apply for scholarships to study at the Yale School of Management through UniScholarz. You can find the following types of scholarships based on your academic performance and financial situation:
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Merit-based scholarships
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Need-based scholarships
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Country-specific scholarships
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College-specific scholarships
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Student-specific scholarships
Finances
Most international students are obligated to show proof of sufficient funds to obtain a visa. While some students may have the opportunity to make use of scholarships, not all students cut the eligibility to get a scholarship or a grant. Moreover, not all scholarships cover 100% of your study abroad expenses. At such times, most students resort to acquiring education loans to avoid the financial hassles associated with studying at the Yale School of Management. For Indian students, UniCreds is the ideal education loan marketplace if you’re looking for low-interest rates and free consultation services!
Accommodation
There are several student housing options available for students planning to attend the Yale School of Management. You may select from a wide choice of affordable yet elegant student flats, halls of residence, studios, en-suites, and more! You have the option of staying on campus in the university halls of residence or a private residence. Because of their proximity to the university, on-campus housing options may be ideal; nevertheless, they tend to fill up fast and are more expensive.
UniAcco simplifies the process of finding student housing and offers a variety of options. As a result, students can select from a wide range of available student accommodations near the university, such as luxury studios, en-suites, and shared apartments that are more inexpensive and student-friendly.
Cost of Living
New Haven is a vibrant college town and home to the Yale School of Management, which has a significant impact on student life in the city. New Haven offers a diverse range of opportunities for academic, personal, and professional growth. The cost of living in New Haven is 3% lower than the state average and 14% higher than the national average. This makes it a good option for students planning to study in Connecticut. With proper planning and budgeting, students can live comfortably in New Haven. Below is a list of the expenses that prospective students should keep in mind
|
Items |
Cost |
|
Off-Campus Accommodation |
$1,358 |
|
On-Campus Accommodation |
$1,650 |
|
Transportation |
$108 |
|
Food Cost |
$343 |
|
Utility Cost |
$189 |
|
Entertainment |
$57 |
|
Groceries |
$64 |
|
Clothes |
$76 |
|
Health Insurance |
$80 |
|
Total Cost of Living with Off-Campus Accommodation |
$2,275 |
|
Total Cost of Living with On-Campus Accommodation |
$2,567 |
|
Annual Cost of Living |
$27,300 |