Tag Archives: Yale SOM

Yale SOM Introduces Sliding Scale Application Fee

In an effort to make applying to the Yale School of Management more accessible for lower-income applicants, the program announced it will implement a sliding scale for its MBA application fee. Most applicants will pay …

In an effort to make applying to the Yale School of Management more accessible for lower-income applicants, the program announced it will implement a sliding scale for its MBA application fee.

Most applicants will pay the standard fee of $225, explains Yale SOM Director of Admissions Bruce DelMonico, but applicants whose total annual compensation is under $20,000 per year will pay $175, and those earning less than $10,000 will pay $125.

The fee will be based on the compensation information applicants report in their application, says the admissions director, adding that Yale SOM will verify for those who are admitted and enroll, and the offer of admission will be contingent on successful verification.

The move is in step with the SOM’s mission of globalizing business, and DelMonico says, “We see this change as a way of ensuring that the application fee doesn’t become a barrier for those working in lower-wage regions and industries, or who are still in school or very early in their careers.”

You may also be interested in:

Yale SOM MBA Application Deadlines

Yale SOM 2014-2015 Essay Question

Posted in School News | Tagged , ,

Yale SOM 2014-2015 Essay Question

The 2014-2015 full-time MBA application to Yale School of Management is now live, and here’s a preview of the essay question for the upcoming admissions season. “The Yale School of Management educates individuals who will …

Yale SOM case competition

The 2014-2015 full-time MBA application to Yale School of Management is now live, and here’s a preview of the essay question for the upcoming admissions season.

“The Yale School of Management educates individuals who will have deep and lasting impact on the organizations they lead. Describe how you have positively influenced an organization as an employee, a member, or an outside constituent.” (500 words maximum)

 Assistant Dean and Director of Admissions Bruce DelMonico explains that the change from two questions last year to a single prompt for the class entering Fall 2015 is an effort to focus on what really matters to the admissions team: finding out how applicants are making an impact in their professional and personal lives.

You may also be interested in:

Yale SOM Introduces Sliding Scale Application Fee

Yale SOM 2014-2015 MBA Application Deadlines

Yale SOM Deepens Commitment to Entrepreneurship

Posted in General, School News | Tagged , , ,

Yale SOM 2014-2015 MBA Application Deadlines

The Yale School of Management has announced the deadlines for the 2014-2015 MBA admissions cycle. The three deadlines are: Round 1 Deadline: September 18, 2014 Decision: December 8, 2014 Round 2 Deadline: January 8, 2015 …

The Yale School of Management has announced the deadlines for the 2014-2015 MBA admissions cycle. The three deadlines are:

Round 1

Deadline: September 18, 2014
Decision: December 8, 2014

Round 2

Deadline: January 8, 2015
Decision: March 27, 2015

Round 3

Deadline: April 23, 2015
Decision: May 25, 2015

The online application for the Yale SOM Class of 2017 will be available starting in July, and stay tuned for a preview of the required MBA essays, coming soon.

Posted in School News | Tagged , ,

GRE Use Increasing in MBA Admissions

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 …

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.

You may also be interested in:

GRE vs GMAT: Which test is right for you?

SBC Scoop: GRE trumps GMAT?

Posted in General | Tagged , , , ,

Yale SOM to Operate Leadership Center in Beijing

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 …

Yale in China

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.

Posted in General, School News | Tagged , , , ,

Yale SOM Deepens Commitment to Entrepreneurship

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 entrepreneurship

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.”

Posted in General, School News | Tagged , , ,