2017-2018 Application Deadlines:
Yale SOM 2017-2018 Essay Questions:
Round 1 Application deadline: September 13, 2017 Decision release: December 6, 2017 Round 2 Application deadline: January 4, 2018 Decision release: March 27, 2018 Round 3 Application deadline: April 18, 2018 Decision release: May 17, 2018
Essay prompt: Describe the biggest commitment you have ever made. (500 words)
This will be our second year using this prompt, which we developed in collaboration with Amy Wrzesniewski, a professor of organizational behavior here at SOM and one of the lead faculty in the core leadership courses within our integrated curriculum. In asking this question, the Admissions Committee is interested not just in the commitment itself but also in how you approach the commitment and the behaviors that support it. We’ve also decided to maintain our unique sliding-scale application fee structure, which ties your application fee to your annual compensation. The sliding-scale fee helps us attract diverse applicants from all over the world, including those from geographies and industries where compensation tends to be lower. We will continue to offer fee waivers for current and former Peace Corps volunteers, as well as current staff and alumni of Teach for All programs (such as Teach for America, Teach for China, and Teach for India). The application fee is automatically waived for active U.S. military or U.S. veterans, current Yale graduate students, and Yale undergraduate students applying to the Silver Scholars Program. We’re in the process of scheduling Summer Socials and admissions events around the world. Look for those on our events page soon. In the meantime, we look forward to connecting with you and guiding you through the MBA application process.
Acceptance Rate & Key Statistics:
- Applicants: 2,823 (19% Admitted)
- Full-Time MBA: 475 Students
- Average GMAT: 719
- Average Age: 28
- Average Work Experience: 68 Months
- Rolling Admissions: No
- % Students who are Women: 36%
- % Students who are International: 32%
- % Students who are US Ethnic Minorities: 37%
- Bloomberg Businessweek: 11
- U.S. News & World Report: 8
- Financial Times: 18
Our Consultant Mario’s Experience at Yale School of Management
When and where did you attend grad school? I attended the Yale School of Management and graduated in May 2015. What inspired you to choose your degree and the particular school you attended? I have always been interested in finance. Having worked in investment banking and management consulting covering the financial sector, I knew that I wanted to stay in finance but switch to the buy side working specifically at a traditional asset manager. I chose Yale because of its expertise in behavioral finance, particularly how it influences investment decisions. It also helped being taught by Nobel Laureates What were your 2-4 favorite classes in grad school and why? My favorite classes were Innovator and Portfolio Management. Innovator was great because I spent most of my time ideating and developing new ways to think about complex problems and push conventional thought. I was intrigued by the frameworks that were taught and how they can be applied to real world problems. Portfolio Management was my other favorite class. For the semester, we did a mock portfolio challenge where we chose an investment approach, developed a thesis, and defended our investment portfolios on a weekly basis. From these experiences, I developed a deep understanding of small cap stocks and how they fit in a total asset allocation. I took this info and used it to inform my approaches to my professional and personal portfolios. What were your most important extracurricular activities while in grad school? Why? I’d say the Yale Leadership Institute and being a leader in the Consortium were by far my most important extracurricular activities. Through these organizations, I was able to meet and mentor high school and undergraduate students on career options, work with local entrepreneurs to provide consultancy to enhance their business, and organize and facilitate timely discussions on race and inclusion. These experiences left an indelible imprint on my grad school experience.Hockey is one of the best social activities. Always a ton of laughs and drinks!
It often sounds like domestic and international travel is an important part of the grad school experience. Did you travel with your grad school classmates, and if so, where did you go and why?
I traveled domestically and internationally. Domestically, I traveled to conferences in Boston, New York, Atlanta, Houston, and Cape Cod. These were either career-related or for leisure. I traveled internationally throughout Europe and Asia, studying in Turkey and S. Korea. Moreover, I traveled to S. America with friends from Brazil and Colombia. Travel is important to the learning experience because it brings so much of what you learn in the classroom to life. It’s imperative that you devote enough time to travel while matriculating.
If you could go back and tell yourself something at the beginning of your grad school experience, what would you tell yourself and why?
That grad school is really broken out into three categories: academics, recruiting, and social. Throughout your time at school, the percentage of time allocation of each of these buckets will change. Initially, you should lock in on academics and social – establishing a solid foundation. Later, as you settle into school, recruiting starts to ramp up. Thus, you will likely have less time for social and may want to put off some of your school work. Stay focused! Actively stay abreast of how much time and energy you’re devoting to each. Doing so will ensure that you have a fun and successful experience.
It can be difficult to know what a degree or school is like before you’re actually there. What is one misconception people have about your degree(s) and/or schools that you’d like to dispel?
A common misconception about Yale is that many people are interested in pursuing a career in nonprofit space. However, this is not totally true. Sure, there is a considerable amount of people who are interested in nonprofits and management. However, the majority (over 65 percent) pursue and enter consulting or finance. In fact, there’s a huge focus in finance, with many professors leading research and publishing of many of the latest advances in financial science.
Anything else you want to add?
Your grad school experience is ultimately what you make it. Spend time investing in your network, learn as much as possible in and outside the classroom, and network your way into your dream post grad role. These are truly some of the most awesome years of your life.