What does it mean for an MBA program when demands increase 12%, admit decrease 11%, and class sizes stay the same? For the Yale School of Management, that means a class profile to brag about – for many reasons.
Applications for the Yale SOM 2023 MBA class increased for the second year in a row, from 3,877 to 3,877, and the school reduced its admissions by more than 100 while maintaining the same class size. The result was a 20% drop in the acceptance rate, to 24%; yield growth of 38% versus 34%; and a marked year-over-year improvement on key metrics: average test scores have increased and more women, minorities and internationals have enrolled in the program.
“What brings together these incredibly diverse members of the Yale SOM class of 2023 is their aspiration to embody the school’s mission of developing leaders for business and society,” said Bruce DelMonico, assistant dean of admissions. , in a blog post announcing Yale’s new MBA class. . “We are delighted that they are starting this trip! “
INCREASING APPLICATIONS RAISE ALL STATS
Apps grew 12% in 2020-2021, and are now up 21% in the last two cycles since Yale responded to the coronavirus pandemic with a one-month extension until the third round in March and April 2020. But applications were so far from the two previous cycles that they have not yet regained their level in 2016-2017, when they exceeded 4,000.
Not to dwell on the point, but with an increase in the app comes better stats, overall, and that’s certainly the case for Yale this fall: the average GMAT jumped 6 points, to 726, better as Dartmouth Tuck and equal to UC-Berkeley Haas; the combined average score on the graduate registration exam improved by 2 points to 130, with both verbal and quantitative points gaining 1 point; and more women registered: 43%, against 39% and return to the level reached by the program each year from 2016 to 2018.
Internationals also won, at 44% from 40%, although the number of countries represented in the class fell to 38 from 46, and under-represented minorities jumped to 20% from 11%.
Delmonico continues, “Forty-nine percent of American students are students of color and 20% are under-represented American students of color. The average GMAT for the class is 726 (the average GRE is 165 Q / 165 V) and the GPA is 3.66 on a US four-point scale. Students come from a wide range of academic institutions (176 different schools are represented) and backgrounds ranging from engineering to the arts. Nine percent are first-generation college graduates, while 14% have a previous graduate degree. Another 9% are pursuing a joint degree here at Yale at one of Yale’s other eight schools. They have received various academic awards and honors, from summa cum laude to Phi Beta Kappa to Fulbright Fellowships and Gates Millennium Scholarships. “
‘VARIOUS & AWESOME’
Yale’s application volume is about the size of UC-Berkeley, but Yale admits over 200 and welcomes about 60 more each year. The proportion of women at Yale is higher than that of Columbia Business School and Berkeley, but lower than that of Michigan Ross and Duke Fuqua. At 44% international, Yale only follows Columbia in the top 10 ranked U.S. schools.
As DelMonico puts it, their professional credentials “are equally diverse and impressive, spanning all sectors and a range of industries and businesses. Seventy-five percent of the class comes from the private sector, while 25% comes from the private sector. nonprofit and public sectors Employers range from Abt Associates to ZS Associates.
“In total, more than 200 different employers are represented, including Bain, Alibaba, Intel, Cemex, American Enterprise Institute, Shell, Schlumberger, LVMH, General Motors, Goldman Sachs, Museum of Modern Art, Deloitte, International Finance Corporation, Unilever, Acumen Fund, McKinsey, Hong Kong Monetary Authority, JP Morgan, Baku Stock Exchange, United Airlines, Uncommon Schools, and Walt Disney Company. The class includes veterans from all branches of the US military, as well as a record number of Silver Scientists. “
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