Master of Business Administration [M.B.A]
Field of Study:
₹65.9 L/Yr
Offered By:
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 | ₹6589755 (USD 79500) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Transportation | ₹164122 |
| Room and Board | ₹2115684 |
| Total Cost | ₹2591141 |
| Health Insurance | ₹228445 |
| Books and supply | ₹82890 |
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
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 | |
|---|---|---|---|---|
| The Kay-Grant Group Scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| FINCAD Women in Finance Scholarship | Scholarship per student₹ 16.6 L/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based | |
| FormSwift Scholarship Program | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeCompany-Sponsored | |
| BrokerFish International student scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Debesh Kamal Scholarship | Scholarship per student₹ 1.1 L/Yr$1,385 | Level Of StudyBachelor | TypeMerit-Based | |
| Hani Zeini Scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based |
Options Available
| Program | Delivery Type | Duration | Program Type | Offered By | Tution Fees |
| M.B.A Finance | full time | 2 years | on-campus | ₹6548310 |
Programs Comparison
| ranking | # 5 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021 | # 8 for Business by US News 2024 # 9 for Business by Times Higher Education 2023 | # 5 for Business by US News 2024 # 2 for Business by Times Higher Education 2023 | # 11 for Business by US News 2024 # 11 for Business by Times Higher Education 2023 | # 25 for Business by Times Higher Education 2023 # 6 for Business by Academy Ranking of World Universities 2021 | # 3 for Business by Bloomberg 2024 # 99 for Business by Times Higher Education 2022 |
| application | #4208 Applicants # 484 Admissions # 11 % Acceptance Rate | #2156 Applicants # 345 Admissions # 16 % Acceptance Rate | #10351 Applicants # 941 Admissions # 11 % Acceptance Rate | #6535 Applicants # 1215 Admissions # 18 % Acceptance Rate | #3036 Applicants # 395 Admissions # 13 % Acceptance Rate | #2032 Applicants # 284 Admissions # 13 % Acceptance Rate |
| exam scores | GMAT - 720/800GRE updated - 311/340IELTS - 7/9TOEFL - 90/120 | GMAT - 690/800GRE updated - 322/340IELTS - 7/9PTE - 70/90TOEFL - 100/120 | Duolingo - 130/160GMAT - 730/800GRE updated - 326/340IELTS - 7.5/9TOEFL - 109/120 | GMAT - 700/800GRE updated - 310/340IELTS - 7.5/9TOEFL - 100/120 | GMAT - 670/800GRE updated - 318/340IELTS - 7/9TOEFL - 90/120 | GMAT - 724/800GRE updated - 324/340IELTS - 7/9TOEFL - 105/120 |
| Admission Criteria/Better to Have | GPA of 3.62 and preferably a 730 GMAT Score. Average Work Experience required around 5 years. | GPA of 3.66 average and preferably 720 GMAT Score. Average Work Experience required around 5 years. | - |
| GPA of 3.8 average and preferably 660 GMAT Score. Average Work Experience required around 5.6 years. | - |
| cost to study | Total Cost (Tuition + Living) -INR 6664356 | Total Cost (Tuition + Living) -INR 6175305 | Total Cost (Tuition + Living) -INR 6087441.6 | Total Cost (Tuition + Living) -INR 6670324.08 | Total Cost (Tuition + Living) -INR 5947357.5 | Total Cost (Tuition + Living) -INR 5011943.85 |
| Return on Investment/Average Package | #Average SalaryINR 11190150 | #Average SalaryINR 12433500 | #Average SalaryINR 9532350 | #Average SalaryINR 12433500 | #Average SalaryINR 11604600 | #Average SalaryINR 14086906.83 |
| documents required | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose |
| application dates | Apr 3, 2023 (Application Decision Deadline Round 2) Apr 11, 2023 (Application Deadline For 2024 Intake Round 3) May 18, 2023 (Application Decision Deadline Round 3) | Mar 24, 2023 (Decision Deadline for 2023 Intake Round 2) Apr 11, 2023 (Application Deadline for 2023 Intake Round 3) May 18, 2023 (Decision Deadline for 2023 Intake Round 3) | Sep 6, 2023 (Application Deadline Round 1) Jan 3, 2024 (Application Deadline Round 2) | Apr 5, 2023 (Application Deadline For August 2023 Intake) Sep 28, 2023 (Application Deadline For January 2024 Intake) | Feb 13, 2023 (Round 3 Application Deadline For Fall 2023 Intake) May 2, 2023 (Final Application Decision Deadline) May 15, 2023 (Fee Deposit Deadline) | Jul 31, 2023 (Application Deadline For 2023 Intake) |
| - | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison |
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