Tag Archives: Yale SOM
May 7, 2014
When the boom hit a few years ago to begin including the GRE as a testing option for MBA admissions, uncertainty among applicants ran high. The idea of allowing students to take only one exam as they contemplate going for an MBA versus another advanced degree is a solid one. However, many candidates wondered: would business schools view GRE scores with the same regard as the long-trusted standard, the GMAT?
According to new data released by Educational Testing Service (ETS), which administers the GRE, more MBA applicants than ever before chose the GRE revised General Test to meet admission requirements during the 2012-13 testing year. Nearly 10% of individuals who took one of the two leading business school admission tests and indicated MBA as their intended degree objective, opted for the GRE.
Melissa Korn‘s recent story on this increase for the Wall Street Journal reports that one in five applicants to Yale School of Management submitted GRE scores this year. SOM admissions director Bruce DelMonico tells Korn that figure is double the rate of 2010.
The article goes on to note an increase at UT McCombs School of Business as well, where 14% of applicants to the full-time program submitted GRE scores this year, compared to just 10% for the class of 2014.
Here at Stacy Blackman Consulting, we noticed a similar uptick in our recent online survey of 675 MBA applicants, the results of which are shared in the Wall Street Journal piece. We found that 7.7% of respondents were interested in the GRE, up from 4% last year, while the share planning to take the GMAT fell to 92.4% from 96.3%.
David Payne, vice president of global education at ETS, believes greater numbers of MBA applicants will choose the GRE because of its many benefits, which include a ScoreSelect option that lets you decide which GRE scores to send to the schools you designate, and its test-taker friendly design.
“We have heard from schools that they are seeing anywhere from 10 percent to 30 percent of their MBA applicants presenting GRE scores, and we expect this number to continue to grow,” Payne says.
For some applicants, this news may set to rest any doubts about submitting the GRE rather than the GMAT with their MBA application. After all, the admissions committees are adamant about giving equal weight to both exams. However, until more schools begin publishing average GRE scores alongside the GMAT scores of admitted applicants, many MBA hopefuls will likely continue to hedge their bets and use the tried-and-true GMAT instead.
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May 2, 2014
On Wednesday, Yale University announced the creation of the Yale Leadership Center in Beijing, which will host leadership programming offered by schools and centers across the university. The Yale Leadership Center will be operated by …
On Wednesday, Yale University announced the creation of the Yale Leadership Center in Beijing, which will host leadership programming offered by schools and centers across the university. The Yale Leadership Center will be operated by the Yale School of Management (SOM), which will work to expand the growing array of conferences and workshops for Chinese leaders that Yale has offered in both China and New Haven.
It will be Yale’s only center in China, hosting programming from the entire university community. The facility will act as a hub for leadership development activities and will facilitate research, act as a platform for discussions and conferences, and provide a home base for professional and executive education efforts. It will also have offices for faculty from throughout Yale to use when they are in Beijing, as well as flexible workspace for SOM’s MBA, MAM, and PhD students.
The center is made possible by generous gifts from two Yale alumni and one Yale friend who are committed to deepening the mutually beneficial relationship between the university and their home country.
Neil Shen, founding managing partner of Sequoia Capital China, Bob Xiaoping Xu, founding partner of ZhenFund.com, and Brad Huang, founder of Lotus Capital Management, have together committed $16 million. Shen will chair the center’s advisory board, while Xu will serve as vice chair.
“This center is meaningful given the importance of China and the United States to the global economy, but also given their central roles in all major issues facing business and society,” said Yale SOM Dean Edward A. Snyder in a statement announcing the news.
“We look forward to broad-based discussions with businesspeople, entrepreneurs, and public leaders on diverse issues, including improving health outcomes, environmental challenges, the increasing importance of creative arts, and managing financial assets,” Snyder continued.
Speaking on behalf of all three founding donors, Shen noted Yale’s long history with China and Chinese students, which dates “back to 1854 when Yung Wing, the very first Chinese student to receive a degree from an American University, graduated from Yale.”
The founders want this new center to accelerate efforts to cultivate academic and cultural exchanges between China and the United States, Shen says, which will benefit both their home country and Yale.
“At the School of Management, we continually seek out ways in which to deepen our intellectual and programmatic connection to Yale for the benefit of our students, faculty, and alumni,” says Snyder. “This center and its opening conference will be another opportunity to engage all of Yale’s schools and departments.”
Yale will inaugurate the center with a major conference, convened by Yale SOM on October 26-27, 2014.
April 22, 2014
Yale School of Management will now be better equipped to meet the needs of entrepreneurially-minded students with the launch of a formal Entrepreneurship Program, announced late last week. Dr. Kyle Jensen has been appointed as …
Yale School of Management will now be better equipped to meet the needs of entrepreneurially-minded students with the launch of a formal Entrepreneurship Program, announced late last week.
Dr. Kyle Jensen has been appointed as the inaugural Shanna and Eric Bass ’05 Director of Entrepreneurial Programs. Jensen, who will design and teach courses in entrepreneurship, as well as coordinate and advance a slate of activities in this area, begins his official duties on July 1st.
Yale SOM has also created two new scholarships for students in each entering MBA class. The merit-based awards will be granted on the basis of demonstrated interest in entrepreneurship and future potential as an entrepreneur. In addition, each year Yale SOM will name up to five Entrepreneurial Fellows who, after graduation, will receive two years of loan deferral to enable them to work full-time on a startup.
In the announcement, Yale SOM Dean Edward A. Snyder stressed that the entrepreneurial program build-out will have global dimensions, and said the school is deeply grateful to the donors who have contributed over $7 million to the threshold goal of $12 million for the program build-out.
Snyder says Jensen has exactly the right background for the role, given his experience in tech, healthcare and social sectors, as well as significant academic experience. Jensen has been working actively with Yale entrepreneurs since 2012, when he joined Yale Entrepreneurial Institute (YEI) as a mentor and entrepreneur-in-residence.
James Boyle, YEI’s managing director, adds,“Kyle is an extraordinary person to lead SOM’s entrepreneurial expansion. His unique combination of operating skills and willingness to roll up his sleeves and build the curriculum and the program will greatly augment Yale’s innovation ecosystem.”
January 16, 2014
The state of women in business school is a topic that garners frequent attention, and will probably continue to do so until the numbers of female students and professors even out with their male counterparts. …
The state of women in business school is a topic that garners frequent attention, and will probably continue to do so until the numbers of female students and professors even out with their male counterparts.
Earlier this week, two schools published articles examining the gender gap. The Yale Daily News reported that women face a murky landscape at the SOM, with women making up just 20 percent of the tenured, tenure-track and full-time lecturer faculty at the school and female students making up 35 percent of the full-time MBA class of 2014.
Several SOM students and faculty members interviewed described the school as an environment that is not exactly hostile, but nevertheless presents unique challenges to women.
Alison Damaskos SOM ’12 said that women were not well-represented as teachers, as guest speakers or even as the protagonists in case studies at the school. Damaskos, who served as the co-head of Women in Management, the largest SOM organization for female students, told the Yale Daily News she was “reminded on a daily basis of the lack of female visibility” during her time as a student.
Yale SOM Dean Edward Snyder has acknowledged the low percentage of women among its tenured faculty, saying, “It is a high priority of mine to increase that percentage and to have a more diverse faculty, and it is important for the SOM community to make progress on this issue.”
The situation appears to be worse at the University of North Carolina’s Kenan-Flagler Business School, where The Daily Tar Heel reports a mere 15 percent of tenured professors are women, and women comprise about 28 percent of MBA students.
“In the classroom, as the minority, we have to work harder at proving our expertise, our credentials and asserting our legitimacy in being in the role of the instructor,” says Sreedhari Desai, an assistant professor of organizational behavior profiled in the article.
“Other female faculty members reported facing similar issues. I am no longer surprised when students report in their evaluation, ‘An older man ought to be teaching this class’,” Desai says.
Though both business schools say that concerted efforts are underway to narrow the gender gap, female faculty and students say instances of gender discrimination persist. I invite you to read more about the situation at each of these schools, and if you’re a female applicant, take a closer look at what efforts of inclusion are happening on campus at your target MBA programs.
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January 10, 2014
Yale School of Management cut the proverbial ribbon of its ultra-modern new campus Thursday, and the business school is hosting a three-day conference on the major trends transforming markets and organizations around the world to …
Yale School of Management cut the proverbial ribbon of its ultra-modern new campus Thursday, and the business school is hosting a three-day conference on the major trends transforming markets and organizations around the world to celebrate the opening of Edward P Evans Hall.
Designed by the architectural firm Foster + Partners, the 242,000-square-foot glass building is named for Yale alumnus Edward P. Evans, who contributed $50 million to the project and died less than two weeks after the announcement of the gift.
Yale professor of management Stan J. Garstka tells the New Haven Register that the theme of the building, evidenced by its architecture, is transparency. “No matter where you are, you can see what’s going on somewhere else. We want the world to see what we’re doing.”
With this new campus, class size will increase to about 300 students from the current 235 students, which will make the school even more attractive to recruiters while still preserving the close-knit feel that is the hallmark of the Yale MBA experience.
The school’s three days of opening ceremonies will feature panelists from companies and organizations that include Time Warner, China Petro Chemical, PepsiCo, Evercore Partners, The Pew Charitable Trusts, the Council on Foreign Relations and the Federal Reserve.
Live video of conference events will be available on the Yale School of Management website, som.yale.edu
October 28, 2013
In an era where MBA applicants often come across as overly packaged and polished, the University of Toronto’s Rotman School of Management decided to shake things up last year by introducing a video component to …
In an era where MBA applicants often come across as overly packaged and polished, the University of Toronto’s Rotman School of Management decided to shake things up last year by introducing a video component to the application in an effort to see the unscripted side of candidates.
Until now, schools only had face time with the applicants they interviewed. Video technology allows every MBA hopeful a chance to add some color to the rest of his or her application and show the admissions committee the person behind the resume, recommendation letters and essays.
(continue reading this post on Stacy’s US News MBA Admissions: Strictly Business Blog)