Yale School of Management is considering an expansion of its Silver Scholars Program, which recruits MBA students straight from undergrad, the school announced last week. The program was founded in 2004 and requires two years of classroom experience separated by one year in the workforce.
Associate Dean Anjani Jain told the Yale Daily News that “the thinking behind expanding the incoming Silver Scholars class stems from a larger and stronger applicant pool.” Originally, the program was open only to Yale College seniors, but broadened after the first two years to include students enrolled in any undergraduate institution.
“The program is a way for the SOM to attract young talent,” Jain says, explaining in the Yale Daily News that the SOM’s first year integrated core curriculum provides a broad business education that fills in the blanks for students without prior business experience.
Students say they like the program because it allows them to forgo entry-level jobs right out of undergrad and recruit much more quickly into MBA-level positions.
Up until last year, the program enrolled five to six students annually, the paper reports, but that number climbed to seven for the class of 2016 and to 15 for the class of 2017.
“The larger classrooms in SOM’s new building have made it physically possible to expand the Silver Scholars class,” says Yale SOM professor Barry Nalebuff, who notes that the decision to accept more Silver Scholars for next year will ultimately depend on the success of this year’s increase.