Study MBA at Yale University
Part of the top 20 business schools worldwide, the Yale School of Management is the dream business school of students around the globe. The most popular course offered in this university is MBA and is extremely competitive to get into. In this article, we will talk about the top reasons to study MBA at Yale University, top courses, rankings, fees and ROI, entry requirements and more in length.
The Yale School of Management is the graduate business school of Yale University and is located in the vibrant city of Connecticut, United States. The School’s most acclaimed programs are Finance, Strategic Management, and Organizational Behaviour.
MBA at Yale Highlights
For the benefit of our readers, we have given below some interesting highlights of Yale MBA program:
Particulars |
Details |
---|---|
Foundation Year |
1971 (first class arrived in the fall of 1976) |
Courses Offered |
Full-time MBA, Executive MBA, One-year master’s degree programs in leading specializations |
Admission Requirements |
Bachelor's degree, admission essays, SOP, LOR, GMAT/GRE score, etc. |
Fee Range |
INR 39 L - 71 L (varies as per the course of choice) |
Placement Rate for International Students |
92.2% (Class of 2023) |
Salary for International Students |
Median Salary: USD 170,000 (INR 1.4 Cr) Median Signing Bonus: USD 30,000 (INR 25 L) |
Financial Aid |
Scholarships for full-time MBA students |
Top Reasons to Study MBA at Yale
Ranked among the top 20 global business schools, the Yale School of Management is one of the most desirable study abroad destination among students worldwide. Some of the best reasons to study in the Yale School of Management are as follows:
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- Ranking: Yale University is consistently ranked among the top 20 universities for MBA, which denotes its educational superiority.
- Academic Excellence: MBA is the most sought-after course in Yale and is internationally recognised due to its academic excellence.
- Renowned faculty: The faculty members of this business school are renowned for their high-quality knowledge and experience in the industry.
- Variety of specializations: Students get the access to a wide variety of electives to choose between and some of them are - Systemic Risk, Global Business and Society, Asset Management, Technology Management, and Advanced Management.
- Research opportunities: The exposure for research at Yale for MBA is commendable. Also, the Yale business school collaborate with experts at other Yale institutions, such as Yale Law School and the Yale School of Medicine, on research projects.
- Student diversity: Yale is an inclusive institution which covers a wide spectrum of ethnic groups, religions, cultures, and languages in its MBA student body. It is one of the best universities for international students. For the class of 2025, more than half of the students admitted in Yale for MBA were international.
- Return on investment: International students who graduate from the YSOM receive impressive ROI through top notch placements. The median salary for overseas students at the business school is USD 170,000 (INR 1.4 Cr).
Yale MBA Rankings 2024
Based on the Yale School of Management rankings across various agencies, the following ranking positions were held:
Agencies and Categories of Ranking |
YSOM Rankings 2024 |
---|---|
QS - Global MBA Rankings 2024 |
#16 |
QS World University Rankings by Subject 2024: Business & Management Studies |
#25 |
US News & World Report - Best Business Schools 2024 |
#7 |
With the help of the above-listed rankings, it can concluded that YSOM maintains its spot within the top 25 business schools around the globe.
Yale MBA Admission Requirements
Every year, many students apply for the MBA program at YSOM. However, only a fraction of candidates secure an admission due to the extremely competitive nature of the business school. However, do not get discouraged. You must fulfil the Yale School of Management requirements for international students listed below, to secure a spot.
- Bachelor's degree: You must hold 4-year bachelor's degree in a relevant field from an accredited US institution or international equivalent
- Academic Transcripts: Provide official transcripts from all colleges or universities attended
- SOP: Your statement of purpose for MBA plays a very crucial role and is one of the deciding factors for admissions
- GMAT or GRE score: Submit your official GRE or GMAT score
- ELP Test scores: IELTS, TOEFL, or PTE Academic exam may or may not be required for international applicants. (Exceptions are for those who were either already studying at Yale or in any other US university previously)
- Letters of recommendation: You must submit two LORs for MBA, which highlight your qualifications, skills, and potential for success in the program
- Video Questions: You must complete the video questions as a part of the application process
Note: GMAT/GRE score is valid upto 5 years from the exam date. Ensure that your scores are valid.
Also Read:
MBA at Yale Application Deadlines for International Students
YSOM lets international candidates apply for admission in rounds: Round I, II, and III. Below are the important dates & deadlines:
Round |
Application Deadlines |
Decision Dates |
---|---|---|
Round I |
Sep 10, 2024 |
Dec 5, 2024 |
Round II |
Jan 7, 2025 |
Mar 20, 2025 |
Round III |
Apr 8, 2025 |
May 15, 2025 |
MBA at Yale Application Checklist
Given below is the list of documents that you must collate before applying for Yale MBA admissions:
- Online application
- USD 250 (INR 20 K) application fee
- Current resume
- Three essays, four short answer responses
- Two professional letters of recommendation
- University transcripts
- GMAT or GRE score report
MBA at Yale Application Process
- To submit your Application online, you may begin the application any time during the admissions process.
- The next step is to appear for admission interviews. Admissions Interviews are by invitation only, following a thorough review of the submitted application.
- The last step is the Admission Decision. These are made in a series of three rounds. There is no particular order in which interview invitations or final decisions are released. Decisions are announced via email.
MBA at Yale Fees
The cost of pursuing an MBA at Yale University is around INR 1 Cr per year. In the table below, we have listed the breakdown of the expenses of attending Yale for an MBA for the academic year 2024-25:
Particulars |
Cost of Attendance (2024-25)
|
Cost in INR
|
---|---|---|
Tuition
|
USD 84,900
|
INR 71.2 L
|
Program Fee
|
USD 500
|
INR 42 K
|
Room, Board, and Personal Expenses
|
USD 29,227
|
INR 24.5 L
|
Textbooks and Photocopies
|
USD 1,440
|
INR 1.2 L
|
Health Insurance
|
USD 3,043
|
INR 2.5 L
|
TOTAL |
USD 119,110 |
INR 1 Cr |
To cater to these costs of studying MBA at Yale, international students can apply for certain scholarships or student loans.
Top Scholarships for MBA at Yale
Applicants applying for Yale's MBA program can consider applying for the following scholarships to get help in cutting down their cost of an MBA:
- American Association of University Women International Fellowship Program (AAUW)
- The Aga Khan Foundation Scholarship
- Shanna and Eric Bass '05 MBA Scholarship
- C.E. Thomas Cleveland ’68 B.S. and Barbara S. Cleveland Scholarship
- John G. Conley ’85 Scholarship
- Harry and Nisha Arora ’04 MBA Scholarship
Though the award amount and number of applicants may vary but if applicants qualify for these scholarships, they can get some fee waiver for their MBA programs at Yale.
Yale MBA Class of 2025 Profile
Given below are the details of the YSOM student enrollment for the Class of 2025;
Details |
Stats |
---|---|
Total Enrollment |
339 |
Average work experience |
5.1 years |
International Students |
50% |
Nationalities Represented |
46 |
Female Students |
40% |
LGBTQ Students |
13% |
Joint Degree Students |
6% |
Median GMAT Score |
720 |
Median GRE Score |
164 |
Median UG GPA |
3.64 |
Top UG Majors |
Humanities & Social Sciences, STEM, Business, Economics, etc. |
Acceptance rate |
33% (Highest in recent years) |
What to do After Getting Offer Letter for MBA at Yale?
Applicants who get an offer letter from Yale for MBA will have to apply for a student visa in USA. The steps to apply for a student Visa in USA are as follows:
- Once an offer of admission is made and accepted, international students are eligible to apply for an F-1 visa.
- To meet the eligibility requirements for a US student visa, an applicant must show proof of equivalent academic documents, results from the TOEFL examination, and financial resources to pursue their course of study.
- Detailed information regarding the requirements and application process to obtain a student visa is sent to admitted students in the spring.
MBA at Yale Placements
Given below is an overview of the placements at YSOM for the Class of 2023, according to the employment report 2023-24:
Particulars | Details |
---|---|
Placement Rate | 92.2% |
Median Salary for International Students | USD 170,000 (INR 1.4 Cr) |
Salary Range for International Students | USD 141,400 - USD 190,000 (INR 1.1 Cr - 1.6 Cr) |
Top Industries | Consulting Services, Finance (Investment Banking, Investment Management, Diversified Financial Services, Private Equity, Venture Capital), Technology, Retail, Healthcare/Pharmaceuticals, etc. |
Top Functions | Consulting, Finance/Accounting, Marketing/Sales, General Management, Operations/Logistics, etc. |
Median Base Salary for International Employment | USD 128,957 (INR 1 Cr) |
Median Base Salary by Region - Asia | USD 136,882 (INR 1.1 Cr) |
Wish to take an MBA admission at Yale? Sign up for Shiksha Topper Counselling and request a callback from our team of expert counsellors. You can also write to us in the comments below.
Study MBA at Yale University - FAQs
Q. Is Yale good for MBA?
A. Yes, being a part of the top 20 business schools worldwide, the Yale School of Managament is one of the best institutes for students to pursue MBA in. Some of the best reasons to attend YSOM include world-class programs, top-notch faculty, huge return on investments, student diversity, impressive research opportunities, wide variety of specializations offered, and more.
Q. How much does MBA in Yale cost?
A. For Indian students, the cost of pursuing MBA at Yale University is INR 39 L - 71 L per academic year. Note that the duration of this MBA programme is around 2 years. It is expensive to study this course, however, the return on investment is quite impressive as the international graduates receive a median salary of USD 170,000 (INR 1.4 Cr) per year. Also, this salary is expected to grow every year, based on the candidate's skill set and performance.
Q. How hard is it to get into Yale MBA?
A. Securing an admission in the Yale School of Management is extremely hard due to the heavy competition. On an average, only 20-30% of the applicants get selected. Hence, you must build a very strong profile to get into Yale for MBA. Also, try to add some unique work experiences in you resume, submit impressive statement of purpose and strong letters of recommendations to boost your chances.
Q. What is the salary for Yale MBA?
A. For international students, the median salary is USD 170,000 (INR 1.4 Cr). Whereas, the median signing bonus is USD 30,000 (INR 25 L). Some of the top industries in which the graduates work are Consulting, Finance, Technology, Retail, Healthcare/Pharmaceuticals, and more.
Q. Is Yale University better than Harvard University for MBA?
Harvard University and Yale University are the two most prestigious Ivy League institutions and students across the globe desire to study here. In terms of placements, Harvard offers a better package among the two universities. Mentioned below is the comparison between both the universities on the basis of some parameters, which can help students choose a university for themselves:
Parameters | Harvard University | Yale University |
---|---|---|
QS Global MBA Rankings | #3 | #16 |
Average Package (Base Salary) | USD 175,000 or INR 1.5 Cr | USD 170,000 or INR 1.4 Cr |
MBA Fees | INR 18 L - 62 L |
INR 39 L - 71 L
|
Q. What can I study in the Yale School of Management?
A. Yale School of Management offers a wide range of programs for their international students, in leading specializations/electives. Master of Business Administration (MBA) is the most popular course offered in this business school. We have listed below the courses offered in YSOM:
- Master's in Technology Management;
- Executive MBA;
- Master's of Advanced Management;
- Master's in Asset Management;
- Master's Degree in Global Business and Society;
- Master's Degree in Systematic Risk;
- Joint Programs;
- Doctoral Programs; and
- Yale Silver Scholars.
Q: What GPA is required for the University of South Dakota?
The University of South Dakota expects a GPA score of 2.5 from undergraduates and 3 from postgraduates on the 4-pointer scale. Along with the GPA scores, undergraduates must meet the basic eligibility and submit an ACT score of 21 or higher and an SAT score of 1070 or higher. In addition, they must submit the required documents, such as academic history, transcripts, letters of recommendation, English language scores, and more.
Q: What GPA is needed to go to Ohio State?
There is no minimum GPA score for UG admission at Ohio State. However, International students must have a cumulative GPA of at least 3.0 (on a 4.0 scale or equivalent) for graduate admission. Applicants may submit a standardized test score (GRE or GMAT) if their cumulative GPA is below 3.0 for the last degree.
Q: Is Texas A&M Commerce a good university?
Texas A&M Commerce is regarded as one of the top public universities across the United States. Moreover, the Texas A&M Commerce ranking 2024 under the category of Best Colleges is National Universities is #369. Also, the acceptance rate of this university is 42%. Additionally, the university offers the best academic programs, expert faculty, job & placement, and more. Besides, Texas A&M University-Commerce also offers over 130 academic degrees for its students.
Q: Is MIT costly for Indians?
MIT is not costly for Indian students. Applicants can study BTech program at affordable tuition fees as compared to other BTech colleges in the USA. The MIT BTech fees is around INR 50 L to INR 52 L.
Q: How long does it take to get admission to Iowa State?
After submitting the application the Iowa State admission committee will review the application for admission on the basis of documents that applicants provide. A decision may require several weeks as it depends on the time of year the applicant submits the application (Applications submitted right before the deadline require a much longer processing time due to the volume of applications received then.). Applicants will receive an admission offer letter and the I-20 Form if admitted.
Q: Is the University of South Dakota hard to get into?
With a 99% acceptance rate, the University of South Dakota is easy to get into. The university follows an easy approach during admission. The university takes a simple admissions procedure. The high acceptance percentage does not mean that the university admits every applicant; rather, it suggests permissive admittance as compared to another university.
Students must prove themselves by scoring excellent academic scores, English proficiency requirements, and standardized test scores. Also, the university prioritizes factors, such as rigor of secondary school record, class rank, academic GPA, standardized test scores, application essays, recommendations, and more.
Q: What GPA do you need to get into Iowa State?
International students who wish to study at Iowa State must have at least GPA of 3.0 on a scale of 4.0 for UG and PG admission. International transfer applicants must have a minimum equivalent GPA of C+ on a scale of A to F or 2.25 on a 4.0 scale for all transferable courses.
Q: Is it hard to get into the UTSA in San Antonio Texas?
According to various sources, University of Texas San Antonio has an overall acceptance rate of around 87% which makes it somewhat selective for international student admissions. Some of the general requirements to be considered for admission are given as follows:
- SAT/ACT scores
- Overall Student's GPA
- Letters of Recommendation
- High School Class Rank
- Additional Academic Records
Aishwarya is a professional Writer currently working as a Study Abroad Expert in the Editorial Team at Shiksha. She has over 5 years of experience and is skilled at creating Online Content with leveraged knowledge i... Read Full Bio
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