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.”
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