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THE YALE SCHOOL OF MANAGEMENT

THE YALE SCHOOL OF MANAGEMENT

About Yales School of Management


The School of Management (SOM) is one of the youngest of the many prestigious Yale University programs. The program has prided itself on its mission statement of educating leaders for business and society and has recently overhauled its core curriculum to better prepare its students for the issues that will be faced in the 21st Century. Students have the opportunity to continue their SOM education in the doctoral program in the areas of Accounting, Finance, or Marketing. SOMs campus sits on Hillhouse Avenue, not far from the action present on the historic undergraduate campuses. SOM students mingle with other graduate and professional students at the Graduate-Professional Student Center at Yale (GPSCY). In addition to the many events at GPSCY, there are numerous cultural, academic, entertainment, and political events that are open to all students from all programs. Past events have included speeches by President Bill Clinton, former Secretary of State Condoleezza Rice, and former British Prime Minister Tony Blair (who was appointed the Howland Distinguished Fellow during the 2008-09 academic year for a joint course between SOM and Yale Divinity School) as well as performances by Saturday Night Lives Darrell Hammond, The Hangovers Ed Helms, and the world famous Whiffenpoofs of Yale.

A complete list of Yale University Schools includes:


Yale School of Management Yale College Graduate School of Arts and Sciences Law School School of Medicine School of Engineering and Applied Sciences School of Architecture School of Art School of Music School of Nursing Divinity School School of Public Health School of Forestry and Environmental Studies School of Drama Institute of Sacred Music

Yale University Programs


Yales rigorous undergraduate program is arguably the best in the nation and is consistently at or near the top of every ranking system. Yale College is certainly a major feeder into SOM and the universitys other graduate programs. Additionally, the university is noteworthy for boasting the worlds premier law school, an elite medical school research program, and a host of top-10 masters and Ph.D programs. SOM students are afforded the opportunity to take elective courses in the various graduate programs as well as at Yale College.

The Yale School of Management


The Yale School of Management has built itself into one of the elite business school programs in a very short time (it was established in 1976) through a commitment to finding innovative ways to prepare its students for the challenges that will face society in the future rather than solely looking back at past practices. SOM is an intimate environment made up of a diverse student body from dozens of countries with backgrounds in private, public, and nonprofit careers. Many know SOM for its nonprofit focus; however, it receives its greatest acclaim for its finance and strategic management programs. SOM is truly a community of people who care about one another and strive to make sure that each person is getting the best experience possible in all realms of student life. This student-friendly environment fosters a sense of collaboration and teamwork that stretches beyond the classroom. The curriculum is always evolving, highlighted by the new changes made to the core in 2006, so as to address the technological and ideological changes within the business world. SOM offers numerous joint-degree programs, including one of the few three-year JD/MBA programs, as well as a relatively new Executive MBA for those in the Healthcare industry. The planned new campus will further set SOM apart with its ground-breaking technological advances and environmental innovations.

Many know SOM for its nonprofit focus; however, it receives its greatest acclaim for its finance and strategic management programs.

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The Yale Approach


The Yale School of Management discovered that the silo approach to teaching where each discipline is compartmentalized into the traditional areas of Marketing, Finance, Economics, Operations, and so on does not fully prepare students for the realities of 21st Century business needs. The silo approach was successful in the past when careers were developed by vertical movement within one specialized discipline. However, in todays environment, successful management careers no longer have boundaries, as they require expertise in each discipline in a cross-functional manner. Organizational Perspectives. In light of the programs philosophical shift, SOM has completely overhauled its core curriculum to allow for the complete integration of the disciplines in a manner more representative of the problems managers will face in the world of business. The core curriculum is now broken into eight multidisciplinary areas referred to as Organizational Perspectives. These perspectives focus on issues encountered both inside and outside the firm in a relevant context. Increased International Focus. In addition to the new core, first-year students are now also required to travel to one of several destinations in the world as part of the International Experience Destinations program. These trips allow students to study their businesses of interest within another culture and setting. The trip is linked to the spring course State and Society and the year-long Leadership Development Program. This furthers SOMs long-standing history of maintaining a global perspective. The diverse student body is celebrated in October of each year through International Month as presentations are given by members of each parts of the global community. The culmination of the month-long celebration is the pot-luck dinner where students provide dishes that represent their cultures and styles of cuisine. Hands-on Instruction. The faculty has embraced a hands-on teaching philosophy to augment SOMs new curriculum. Instructors routinely solicit student contributions in the classroom, rather than just delivering rote lectures. They also address social responsibility and corporate governance issues to maintain the schools longheld commitment to ethical behavior. Classes run the gamut from case method and lecture to student-oriented projects and presentations. Business leaders from all sectors often lead class discussions and interact with students to discuss real-world problems and potential solutions. It is commonplace to see team project competitions judged by the very business leaders who faced the same issues in real life. Raw Case Approach. Yale SOM offers a unique version of the popular case method teaching style, known as the Raw Case approach to management education. Most case method programs use what are commonly referred to as cooked cases (or closed cases) that are packaged and synthesized before use. Yale SOM has developed its own set of cases which are housed on a multimedia platform and feature the types of open-ended, fuzzy source materials that a professional might encounter while analyzing a problem. It requires Yale students to sift through all the data and information to find what is pertinent and what can be ignored. Distilling information is often one of the most challenging aspects of real world problem solving and Yale SOM is attempting to teach its students how to jump over this hurdle before diving into an analysis.

First-year students are now also required to travel to one of several destinations in the world as part of the International Experience Destinations program.

The faculty has embraced a handson teaching philosophy to augment SOMs new curriculum.

It is commonplace to see team project competitions judged by the very business leaders who faced the same issues in real life.

Yale SOM has developed its own set of cases which are housed on a multimedia platform and feature the types of open-ended, fuzzy source materials that a professional might encounter while analyzing a problem.

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Admissions at Yale
Application Essay Topics
Yale SOM features four required short answer questions, two personal statement questions, and an optional essay. Applicants should note that the personal statements are not traditional open-ended essays, but rather follow a series of prompts Personal Statement 1 features a universal prompt and Personal Statement 2 gives the candidate four choices (with an additional entry for re-applicants). The questions for the 2009-2010 application intake are as follows: Short Answers (150 words each): Described as an opportunity to distill your core ideas, values, goals and motivations into a set of snapshots that help tell us who you are, where you are headed, and why.

1 2 3 4 1 2 3 4 5

What are your professional goals immediately after you receive your MBA?

What are your long-term career aspirations?

Why are you choosing to pursue an MBA and why now? (If you plan to use your MBA experience to make a significant change in the field or nature of your career, please tell us what you have done to prepare for this transition.) What attracts you specifically to the Yale School of Managements MBA program?

Personal Statement 1: Describe an accomplishment that exhibits your leadership style. The description should include evidence of your leadership skills, the actions you took, and the impact you had on your organization. (500 words maximum) Personal Statement 2: Choose one of the following topics and answer it in essay form. Please indicate the topic number at the beginning of your essay. (500 words maximum) A central premise of our teaching about leadership at the Yale School of Management is that true leadershipleadership that helps to address a significant problem in a new wayis necessarily personal. It is only when personal passion aligns with meaningful aspirations that individuals are able to inspire others to act in support of an important goal or cause. What are you most passionate about, and how have you demonstrated a commitment to this passion? What achievement are you most proud of and why?

What is the most difficult feedback you have received from another person or the most significant weakness you have perceived in yourself? What steps have you taken to address it and how will business school contribute to this process? Describe a situation in which you devised and implemented a creative or unique solution to a difficult problem. What obstacles did you face and how did you overcome them? Required for reapplicants: What steps have you taken to improve your candidacy since your last application?

Optional Essay: If any aspect of your candidacy needs further explanation, please provide any additional information that you would like the Admissions Committee to consider. (250 words) Veritas Prep clients working on their Yale applications will receive expert guidance on each of these essay questions. Head Consultants help clients understand how to highlight strengths and weaknesses as well as unique elements within the confines of the question, while also addressing each of the key business school admissions themes. Furthermore, Yale Specialists will help clients decide whether to make use of the optional essay, how to embrace both the freedom and the challenge presented by Essay 3, and will ensure that all essay responses are in keeping with what Yale SOM is looking for in its applicants and that the program highlights included in this guide are used as appropriate reference points and examples.

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Admissions Criteria
As with many elite business schools, SOM grants interviews on an invitation-only basis. The core curriculum is rigorous and quantitative-based, and as a result, a strong quantitative background is highly regarded by the Admissions Committee. Additionally, the committee seeks candidates that have passions beyond the boardroom and are contributing members of society. As one might expect, SOM relies heavily on academic record, GMAT scores, essays, resums, and, of course, interviews to assess each of these areas. Full time work experience is strongly encouraged. On average, SOM students have over five years of work experience. However, the Silver Scholar program allows a select group of college seniors (from any school, not just Yale) to apply to a threeyear MBA program that includes a full, one-year internship during the second year. This provides some students with a faster path to their long-term career goals. SOM has a strong commitment to diversity diversity of race, ethnicity, nationality, and socioeconomic background; sexual orientation; gender; age; veteran status; religious belief; thought and opinion; professional aspirations; and more. This dedication is accented by the fact that SOM has become the fourteenth member institution of The Consortium for Graduate Study in Management. Interviews. Interviews are offered both on-campus (by admissions officers or by current students) and with alumni off-campus. In both instances, the interview is blind, in the sense that the interviewer does not have access to the candidates application materials. The interviewer is only provided with a copy of the candidates resum.

Admissions Statistics
In something of a surprise to some, Yale SOM features one of the lowest acceptance rates and one of the highest average GMAT scores of any top MBA program. As more elite business school students start choosing Yale over other top schools (SOMs yield rate is just 44%), the programs academic profile should continue to skyrocket.

Total Full-Time MBA Enrollment ...386 Applications .......................................... 3,051 Acceptance Rate ...................................14% Yield ..............................................................44% Percentage Interviewed ...................32% Average GMAT score ...........................718 20th/80th Percentile GMAT Range ...................................670-760 Average GPA ............................................3.52

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Visiting Yale
One of the best ways for candidates to truly understand if Yale is a proper fit is to visit the campus and get a feel for the academic environment, student life, and overall campus culture. Additionally, visiting the school offers the opportunity for face-toface contact with current students, professors, and admission representatives. Yale SOM offers a variety of ways for candidates to come and experience the school for themselves and tends to provide quite a bit of structure to a school visit. Campus visits are available every Monday through Thursday starting on September 15. The typical campus visit schedule at Yale SOM is comprised of: 9:45 10:00 11:25 1:00 2:30 A welcome at the admissions office A class visit Campus tour, followed by lunch A second class visit A daily Q&A session hosted by the admissions office

Deadlines
Yale features the traditional three application rounds that are common among top business schools. As is the case with many elite programs, SOM has moved its Round 1 deadline up by two weeks. However, in the case of Yale SOM, the notification deadline has moved up by almost a full month, so the school is not merely trying to buy more time for review. If anything, this change should offer more deliberate and careful planning important for a school with a yield rate under 50%.

Round 1 Submission Deadline October 8, 2009 Decision Notification Date December 18, 2009 Round 2 Submission Deadline January 7, 2010 Decision Notification Date April 2, 2010 Round 3 Submission Deadline March 10, 2010 Decision Notification Date May 7, 2010

While this structure may require more planning, it also allows prospective students to gain more insight into the program in a shorter period of time. Furthermore, due to the schools location in New Haven, it is highly unlikely that a candidate would try to visit two schools in one day, as may be the case in a city like New York. Campus Tours and Lunch Program. Tours leave daily from the Admissions Visitor Center at 11:25 each day and it takes candidates around the SOM campus before dropping them off at the Donaldson Commons for lunch. Class Visits. Visitors to Yale SOM receive a schedule of that days classes and are allowed to select from available options. Prospective students must arrive within five minutes of the start of class. Admissions Q&A Sessions. An admissions officer is on hand each day at 2:30 to answer questions from prospective students.

Contact Information
Office of Admissions Yale School of Management 135 Prospect Street New Haven, CT 06511-8200 Phone: 203.432.5932

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Financial Assistance at Yale


Financial Assistance Options
Yale SOM presents the following options for exploring financial assistance: Merit-Based Scholarships Joseph Wright Alsop (PhB 1898) Memorial Scholarship Named after an 1898 graduate and President of the Covenant Group, this fund is awarded without restriction to an incoming student deemed to meet the merit requirements. Professor David Berg Leadership Scholarship Professor Berg served at SOM from 1977 to 1992. This annual scholarship named in his honor is given to an incoming student who has demonstrated, in his or her years since college graduation, a commitment to improving both the humaneness and effectiveness of organizational life through personal and institutional self scrutiny. Donald G. Borg Fellowship This scholarship is also awarded without restriction to an incoming student of merit. Roberts W. Brokaw Free-Enterprise Fund This fund was established for recent Yale College graduates who go on to the Silver Scholar program at SOM and have plans to study the corporate sector. George G. Brooks Jr. Fellowship This scholarship is also awarded without restriction to an incoming student of merit. Robert C. Busch Class of 54 Scholarship This fund, established in 2004 as part of Mr. Buschs 50th Yale College Reunion, is awarded to Yale College graduates who are selected for the Silver Scholar program at SOM. Laura Cha (Shi Mei Lun) Scholarship This scholarship was established for an exceptional student from mainland China with financial need. Made possible through a donation by Ms. Cha, this fund provides full tuition support for both years of SOM study. John G. Conley Scholarship This scholarship is also awarded without restriction to an incoming student of merit. Consortium for Graduate Study in Management The Consortium is dedicated to increasing diversity for underrepresented minorities in business. Meritbased, full-tuition fellowships are awarded to candidates who best demonstrate The Consortiums goals and ideals. Interested candidates should apply to SOM through The Consortium for Graduate Study in Management. Michael P. Dowling Scholarship This scholarship is awarded through Mr. Dowlings philanthropic foundation alternately to by Yale School of Forestry and Environmental Studies and the Yale School of Management to a joint degree student. Fort Foundation Scholarships The Fort Foundations mission is to increase the number of women in business. The SOM admissions director will determine which of its accepted students will be eligible for consideration for a Fort Foundation Scholarship based on the criteria of academic leadership, team leadership, community leadership, creative leadership. Frederick Frank Fellowships for Language Study This scholarship was established on the basis of preparing students for a world of true globalization.

Tuition and Cost


The following annual costs are based on information released by the Yale School of Management for the 2009-2010 academic year:

Tuition ..................................................$47,200 Room & Board Expense ............$14,265 Additional Expenses* ................$11,652 Total ................................$73,117
*Includes books, supplies, travel, personal, health insurance, computers, and various fees. Candidates should note several things about these proposed budgets. First, while fees cannot be waived, the health insurance cost can be waived by showing proof of insurance. The room and board expenses are estimates based on SOM students living a modest lifestyle. For joint-degree students, the different programs at Yale have different tuition rates and financial aid policies. The estimated budgets and financial aid plans will depend on the curriculum plan that was established for each joint degree program.

Federal Loans
As with most graduate programs, Yale SOM makes available a series of federal loan programs that often comprise the bulk of each students financial assistance: Federal Stafford Loan Available to U.S. citizens and permanent residents. The maximum dollar amount is $20,500 and the subsidized amount can be up to $8,500, depending on financial need. The Stafford Loans have a fixed interest rate of 6.8%. Federal Perkins Loan An interest-free loan while in school, it is a smaller loan program available to qualified students who are U.S. citizens and permanent residents. Federal Graduate PLUS Loans This loan can cover cost of attendance after other assistance has been calculated, provided the student qualifies and is a U.S. citizen or permanent resident.

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Janet (Ginger) Gelb Scholarship This annual scholarship was established in Ms. Gelbs memory for a woman of particular promise at SOM. H. Stuart Harrison Fellowship This scholarship is also awarded without restriction to an incoming student of merit. John Hechinger Scholarship Mr. Hechinger is a Yale College alumnus from 1941. He established this scholarship in 1983 for SOM students from the metro Washington, DC area with a preference towards African American students. Frederick T. Holliday & Frederick T. Holliday, Jr. Memorial Scholarship This scholarship is awarded without restriction to an incoming student of merit from the Midwest. Jess Morrow Johns Memorial Scholarship for Advertising and Marketing This scholarship is awarded without restriction to an incoming student of merit in the field of advertising and marketing. Michael H. Jordan Fellowship This annual scholarship was established to promote diversity at SOM. Richard Kauffman and Ellen Jewett Scholarship This annual scholarship was established to promote diversity at SOM. Kasem Lamsam and William Ligon Scholarship This annual scholarship was established by Austin Ligon, Class of 1980 and co-founder and retired president and CEO of Carmax, Inc., and Samornmitr Lamsam, Yale College Class of 1976 and SOM Class of 1980, to honor their fathers. It is awarded without restriction to an incoming student of merit. Irene A. Loukides Scholarship This scholarship was established in 2003 to honor the memory of a long time and well-respected SOM employee. It is awarded without restriction to an incoming student of merit. David I. Mazer Scholarship This scholarship is also awarded without restriction to an incoming student of merit. H. Hugh McConnell Scholarship This scholarship is also awarded without restriction to an incoming student of merit. Joseph C. McNay Fellowship in Finance This scholarship is awarded without restriction to an incoming student of merit in the field of finance.

Gordon and Betty Moore Fellowship This award is for joint degree students of SOM and The Yale School of Forestry and Environmental Studies. It provides full tuition and living expenses for the three-year program as well as funding for at least one summer internship. Donald Rappaport 47 and Susan Rappaport Scholarship This scholarship is also awarded without restriction to an incoming student of merit. RealNetworks Women in Business and Technology This scholarship is awarded to women interested in studying entrepreneurship or innovation. John F. Riddell Memorial Fellowship This scholarship is also awarded without restriction to an incoming student of merit. Betsy Rotman Pace and William Baldwin Pace 80 This scholarship is also awarded without restriction to an incoming student of merit. Richard A. Robertson, III Fellowship This scholarship is also awarded without restriction to an incoming student of merit. Samuel B. Sutphin Fellowship This scholarship is also awarded without restriction to an incoming student of merit. Teach for America Scholarship This partnership was established to provide Teach for America Alumni to receive an MBA from the Yale School of Management. This is a merit-based scholarship where approximately $20,000 will be given annually. G. Harold Welch Scholarship This scholarship is also awarded to an incoming student of merit from the New Haven area. West Point Memorandum of Agreement SOM partnered with the United States Military Academy to provide a significantly reduced tuition for up to two active-duty military officers who are designated for a three-year teaching position at the USMA. YQ Scholarship This scholarship, established through a donation by Mr. Yongqiang Qian, SOM 00, is for students with need who graduated high school in mainland China. This scholarship pays for half of the SOM tuition. Kevin Y. Zhang Scholarship This half-tuition scholarship funded by Mr. Zhang is offered for students of merit with need from mainland China. Starting in Fall, 2009, a one-quartertuition endowed scholarship will be offered.

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Need-Based Scholarships and Grants. All admitted students to SOM are invited to fill out a financial aid application as well as a FAFSA to be considered for need-based grants and scholarship awards. Loans for International Students. SOM recently announced the details to its loan program for International students. The program is constructed each year so that International students can receive private loans without a cosigner. Details are as such:

Maximum loan: tuition and fees, minus any scholarship awarded No cosigner required Fixed interest rate of 7.75% Origination fee of 5% subtracted from loan proceeds 10-year repayment period No payments during enrollment 6-month grace period upon separation from school Interest accrues during enrollment and the grace period Interest does not compound and there is no pre-payment penalty

Note: SOM provides a series of outside funding opportunities that may provide further financial assistance to its students. Private Loan Program. SOM has private loan programs for all U.S. students and International students who have a U.S. Social Security number and a credit history in the U.S. Loan Forgiveness. For those students interested in working in government or nonprofit positions, SOM offers a loan forgiveness program. Alumni may apply for the program at any time within the first ten years after graduation. Alumni who are fully employed by a government or nonprofit organization with salaries of $77,600 or less receive complete reimbursement for their annual debt of need based loans. Alumni making more than $77,600 receive partial reimbursement. Internship Fund. SOM is unique in its support of students going into the public and nonprofit sectors. Eligible students seeking summer internships in those sectors receive funding from the Internship Fund to supplement the lower wages they receive from the internship.

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Yale Students
Yale SOM features one of the smallest class sizes among any MBA program and the smallest among elite business schools. Students come from all over the U.S., although the international population is a bit smaller relative to other top programs (on a percentage basis). SOM also features a particularly diverse class where undergraduate studies are concerned, enrolling incoming students from a wide variety of majors and areas of study. While SOM still prizes significant work experience, the average age of 27 is indicative of a slight trend towards a younger incoming class in part due to the Silver Scholars program, discussed above.

Student Stats
Average Age ................................................27 Male Students .........................................66% Female Students ...................................34% International Students.......................28%
Place of Origin:

Student Organizations
SOM has more than 50 clubs, spearheaded by the Deans Advisory Council, which serves as a liaison between the student body of the business school and the administration. The schools website includes a complete list of clubs and student organizations, however some of the most popular and important clubs, organizations, and activities at Yale include:

North America ........................................72%


Northeast .......................................49% Mid-Atlantic ...................................14% West ...................................................12% South..................................................10% Southwest ......................................... 6% Midwest.............................................. 5% Other .................................................... 4%

Black Business Alliance Business and the Environment Community Service Consulting Economic Development Energy Entrepreneurship Food for Thought Hockey Internship Fund Marketing Media and Entertainment Net Impact Our SOM Ski & Snowboarding Women in Management

Asia ................................................................15% Central and South America ............. 5% Europe .......................................................... 4% Other .............................................................. 4%
Undergraduate Major:

Business ......................................................19% Humanities ...............................................19% Economics.................................................18% Engineering..............................................16% Social Sciences .......................................15% Science .......................................................... 6% Computer Science ................................. 3% Math................................................................ 3% Law .................................................................. 1% Average months of pre-MBA work experience ..................64

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Yale Academics
The instruction at The Yale School of Management is built on a unique mix of theory based on the excellent research by the faculty and instruction that allows students to gain practical experience in their fields of interest.

The core classes are:


Introduction to Negotiations Competitor Customer Investor The Global Macroeconomy Sourcing and Managing Funds State and Society Employee Innovator Operations Engine

Class Organization
Students are broken out into three or four cohorts, depending on class size Blue, Silver, Gold, and Green. These cohorts are randomly assigned, although SOM makes sure that each section has a nice mix of backgrounds. Students remain in their cohorts for the first year, after which students enroll in required courses and electives based on any schedule they choose. SOM does not assign first-year study groups. It is up to each individual to find a group that best fits his or her study style.

Core Classes
As discussed earlier, SOM has a unique and innovative core curriculum. The core starts with a seven-week Orientation to Management that introduces the basic frameworks and concepts essential to any business school and necessary for preparation for the rest of the core. This orientation includes the following:

Concentrations include:
Finance Leadership Marketing Operations Management Nonprofit Management Public Management Strategy

Basics of Economics Basics of Accounting Individual Problem Solving Careers Data and Decision Analysis Managing Groups and Teams Decision-making with Spreadsheets

Once the orientation is complete, students begin work in Organizational Perspectives. They are presented from various perspectives of management, both internal and external to the firm. A complete description of the courses can be found here.

Concentrations
SOM offers concentrations in various disciplines to build on the knowledge students will draw upon throughout their careers. Concentrations are not required for graduation, as students are free to set a curriculum that suits the individual.

Course Enrollment
As SOM electives tend to be quite popular, the school uses the bidding system in order to allocate the scarce resources. First year students are given 300 points to use in order to bid for the six-to-eight units of electives they are required to take in the spring semester, while second year students are given 500 points for each semester for bidding. If a course can fit 50 students, then the 50 students who bid the highest will all get in, at the bid they each placed for the class. As Professor Barry Nalebuff teaches in game theory, students must know their value for each course and prioritize accordingly. Studying the bidding history for the popular courses is key particularly for a course like Associate Dean Jeffrey Sonnenfelds Leadership Across Sectors, which has students practically scaling the walls to try and sneak in on the first day.

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Yale Research Centers and Joint Degree Programs


Research Centers: Yale SOM centers provide students, faculty, executives, and policy makers to provide top-notch research towards the goal of strongly impacting society. Activities ranging from lectureships to seminars to workshops allow center member to work in partnership to ensure that objectives and criteria are met. These centers include:

Academic Calendar

Fall
August

16-25 New Student Orientation


September

Center for Business and the Environment at Yale (CBEY) Chief Executive Leadership Institute International Center for Finance (ICF) The Millstein Center for Corporate Governance and Performance (MCCGP) Program on Social Enterprise (PSE) Yale Center for Customer Insights (YCCI)

3 Fall classes start


October

13-15 First year mid-terms 14 Full time interviewing begins 20-21 Second year mid-terms
November

26-28 Thanksgiving
December

11 Fall classes end 15-19 Final Exams

Joint Degree Programs: Yale offers an incredible array of joint degree programs available to SOM students who are able to gain admission to both the business school and the other school of interest. The level of prestige associated with most Yale graduate programs is a good and a bad thing for SOM students there are incredible opportunities for joint degrees, but plenty of competition to earn a seat in any accompanying program. JD/MBA. Perhaps the most prestigious law program in the country, Yale Law School boasts graduates including the current District Attorney of Manhattan, newly confirmed Associate Justice of the Supreme Court of the United States Sonia Sotomayor, and countless former presidents and dignitaries. The JD/MBA is perfectly tailored to those interested in business law-related practice as well as in careers as entrepreneurs and managers in business and nonprofit organizations. Yale offers the traditional four-year JD/MBA or an accelerated three-year JD/MBA without the need for summer classes. Those choosing the accelerated program will graduate with their incoming class at both schools. The three year JD/MBA program breaks down as such:

Spring
January

26 Spring classes start


February

16 Presidents Day
March

12-14 Midterm exams 16-27 Spring break


May

1 12 14-19 25

Recruiters Day Spring classes end Final exams Graduation

Fall Spring

Year 1 Yale Law School (16 Units) Yale Law School (12-16 Units)

Year 2 SOM Core Courses (12 Units) SOM (12 Units) Yale Law School (3-4 Units)

Year 3 Yale Law School (14-16 Units) Yale Law School (14-16 Units)

MBA/MEM or MBA/MF. The Yale School of Forestry & Environmental Studies is internationally known for its focus on local, regional, and global environmental issues. This dual degree is housed within the Center for Business and the Environment at Yale and seeks to meld SOMs mission statement to educate leaders for business and society with the FES promise to help graduates to achieve fair and effective solutions to environmental problems.

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MBA/MPH. The Yale School of Public Health is one of the oldest public health programs in the country. The department was instrumental in overhauling the public health system in Connecticut. The program focuses not only on high-level academic principles, but also on cutting edge research into procedures and policy. The joint MBA/MPH degree prepares students to effectively set and administer public policy. MBA/MD. Yales MBA/MD joint degree is a five-year program that combines the world-renowned resources of the Yale School of Medicine with the business practices of SOM. Students learn hands-on medicine while gaining expertise in managing health care in a changing environment. The result is a group of doctors able to care for patients while also efficiently running a hospital or practice from a financial, operational, and economical standpoint. MBA/MARCH. The world-famous Yale School of Architecture offers the ability to learn various philosophies and styles of design and architecture. The joint Master of Architecture degree with SOM provides the ability for its students to construct and implement business plans for their projects. MBA/MFA. The Yale Drama School is known for the many actors, writers, directors, and producers that have filled its hallowed halls. The Master of Fine Arts degree matched with the MBA provides its graduates with the ability to manage theaters, studios, and productions of any kind. MBA/MDIV or MAR. The three-year MDIV degree focuses on theological studies primarily for the practice of Christian ministry while the two-year or three-year MAR degree prepares students for lay ministry or service. The combined degrees allow the graduates to apply sound business practices to maintain the ministries. MBA/MA in International Relations. The Graduate Program in International Relations prepares students for leadership positions in the international field for public, nonprofit, or private sector jobs. The joint degree is tailored for students who will be in management careers for companies with a strong international focus or will be in an international career where management needs will feature strongly. MBA/MA in Russian and East European Studies. This MA degree is housed within the Whitney and Betty MacMillan Center for International and Area Studies at Yale. Its goal is to educate its students about all of the culture and history of Europe while allowing them to focus on their particular areas of interest. Similar to the MA in International Relations, this degree is perfect for those looking to work in Europe or work for a company that is heavily involved in Europe. MBA/PhD. As discussed earlier, students have the option of continuing their SOM education through the doctoral program with focuses in Accounting, Financial Economics, and Marketing. This provides an academic and theoretical element to the hands-on, practical education that will be received through the MBA program.

The Yale MBA for Executives in Healthcare


The Yale MBA for Executives in Healthcare is an intensive, 22-month program that uses faculty members and research from SOM, the School of Medicine, and the School of Public Health to prepare executives for the current realworld challenges in the healthcare field. The Visiting Scholars Program enhances instruction by bringing leaders of various segments of the healthcare industry to give lectures and take part in enlightening Q&A sessions. The Independent Study Program gives student a chance to put what theyve learned in the classroom to use in a project of their own design (with faculty supervision) in research, consulting, or business plan writing. Classes meet every other Friday and Saturday with in-residence periods of two weeks during the first summer and one week during the second. Graduation is concurrent with the regular MBA program. Most of the students receive some degree of sponsorship or financial aid from their respective companies.

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Yale Faculty
The Yale faculty is populated with many prominent business leaders, researchers, and teachers. Among Yale SOM students, there are a handful of professors who are considered a must to have for a class, due to their reputation both as educators and as experts. This list isnt merely a collection of famous names, but rather the instructors that Yale University students deem to be essential for the full experience. These notable professors include: Jeffrey A. Sonnenfeld Senior Associate Dean for Executive Programs Lester Crown Professor in the Practice of Management Dean Sonnenfeld is very much the face of SOM as he appears regularly on CNBC, FOX News, CNN, PBS, the morning news shows, and in various publications including BusinessWeek, Fortune, The Wall Street Journal, and the New York Times. Furthermore, he is an award-winning author, having written eight books such as The Heros Farewell and Firing Back. Dean Sonnenfeld is the founder and president of the Chief Executive Leadership Institute, which researches CEO leadership and corporate governance. His course Leadership Across Sectors is perhaps the most popular course at SOM as he brings in CEOs and other executives from all aspects of business in both the public and private sector. Classes have been visited by JetBlues CEO David Neeleman, Martha Stewart Living Omnimedias Sharon Patrick, and former Brooks Brother president William Roberti, among others. The class even traveled to the Times Square Toys R Us to meet with then-CEO John Eyler. Dean Sonnenfelds course takes a case study approach that is heavy on class discussion and mixes it with insights from a panel of the very CEOs and executives the cases are about. Arthur J. Swersey Professor of Operations Research Professor Swersey is one of the most well-loved and well-respected professors on campus. A master of both statistics and operations, he takes the time to make sure that every one of his students understands the material, no matter the amount of time it takes. As such, he has won numerous teaching awards from various classes and alumni at SOM. He is an expert in quality management, operations management, and mathematical modeling. He has consulted for organizations ranging from Xerox Corporation to Uniroyal Chemical Company to City of New York Fire and Police Departments. Among his many research items, Professor Swersey developed a mathematical model for predicting the severity of prostate cancer based on biopsy results and prostate specific antigen (PSA) levels. Nicholas C. Barberis Stephen & Camille Schramm Professor of Finance Professor Barberis researches behavioral finance and uses cognitive psychology in pricing of financial assets. He teaches the first year core concept The Investor, which gives students a perspective on how behavioral finance solves real-world problems. He has also taught the popular second-year elective Financial Management. One of Professor Barberis recent projects involved using prospect theory to explain human behavior at casinos the subsequent paper was a hit among students who had the chance to discuss it in class.

The Yale faculty is divided into 7 disciplinary groups:


1. 2. 3. 4. 5. 6. 7. Accounting Economics Finance Marketing Operations Management Organizational Behavior Politics

Dean Sonnenfelds course takes a case study approach that is heavy on class discussion and mixes it with insights from a panel of the very CEOs and executives the cases are about.

Among his many research items, Professor Swersey developed a mathematical model for predicting the severity of prostate cancer based on biopsy results and prostate specific antigen (PSA) levels.

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Ravi Dhar George Rogers Clark Professor of Management & Marketing Director of the Yale Center for Customer Insights Professor Dhar is an expert in consumer behavior and branding, marketing management, and marketing strategy. He has consulted with numerous Fortune 500 companies including IBM, Lucent Technologies, and Pepsico and has served as a visiting professor at HEC Graduate School of Management in Paris, at Erasmus University in the Netherlands, and at the Business Schools at Stanford and New York University. His dynamic teaching style engages the students and keeps them involved in each topic. He is a favorite in the core curriculum as well as the second-year elective Marketing Strategy. Barry Nalebuff Milton Steinbach Professor of Management Professor Nalebuff is an award-winning, best-selling author of Why Not?, Co-opetition, Thinking Strategically, and The Art of Strategy. He also is the co-founder and chairman of the product Honest Tea, a staple in the refrigerators of the current White House. Professor Nalebuff is an expert in game theory and competitive strategy and his fastpaced teaching style that relies on cold-calling certainly keeps the class invigorated. He teaches three steps ahead while thinking four steps ahead. He uses real-world examples from the past and present to show game theory in action and applies his Why Not? theory to the animal kingdom as well as humanity. Sharon M. Oster Dean and Frederic D. Wolfe Professor of Management and Entrepreneurship Dean Oster is the first woman to receive tenure at SOM and is popular for her instruction of Microeconomics to the core curriculum. She gives students the real-world applicability of the economic theories in a down-to-earth, congenial manner. Dean Oster was instrumental in the innovative re-design of the SOM core curriculum and she teaches the popular public sector course Strategic Management of Nonprofit Organizations. Fiona M. Scott Morton Senior Associate Dean for Faculty Development Professor of Economics Professor Morton is one of the more challenging and engaging professors at SOM. She is an expert in competitive strategy, having provided government testimony for House Oversight and Government Reform, Senate Finance Committee, and FTC hearings. Professor Morton teaches The Competitor Perspective in the core and the electives courses of Competitive Strategy and E-Commerce Strategy. Students had better be prepared when you enter her class as she is definitely one to cold-call! Professor Morton brings her years of research experience into the classroom through the casestudy method for various businesses and fields. Game theory and microeconomic analysis is at the forefront of her coursework.

Professor Nalebuff is an expert in game theory and competitive strategy and his fast-paced teaching style that relies on cold-calling certainly keeps the class invigorated.

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Grading Policies
The Yale School of Management has a rather unique grading system so as to foster cooperation and teamwork among its students. Rather than the traditional A-F system, grades fall into the categories of Distinction, Proficient, Pass, and Fail. In the core curriculum, a bell curve is used to determine which of the four categories the students grades belong. Most students generally will land in the proficient category, but as the bell curve is strictly enforced, there are students in the core that will either have a Pass or a Fail (despite the popular misconception that everyone is proficient). No GPA or class rank is calculated and grades are confidential and for internal use only except in the case of Distinction grades. Courses taken outside of SOM will have their grades transferred into the SOM grading system. Nonproficient grades in 13 or more units of core courses or failing grades in 5 or more units of core courses will result in dismissal. However, SOM is very proactive in making sure that students possess the tools to make sure that they will be successful in reaching the requirements for graduation in good standing.

Yale Business Plan Competitions


Y50K Entrepreneurship Competition. The Yale Entrepreneurial Society (YES) sponsors this annual competition that awards a total of $100,000 to Yale students. Biotechnology & Pharmaceutical Club Case Competition. Teams comprised of students from SOM, students from Yale graduate science, postdoctoral fellows, and other Biotechnology & Pharmaceutical Club members compete to determine the value of a pharmaceutical compound and whether or not it is worthy of development funding. Net Impact Green Challenge. SOM participates in this annual contest which recognizes the efforts of students to develop effective environmental policies at their universities.

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The Yale School of Management Campus


SOM is housed in four historic mansions on Hillhouse Avenue in New Haven. The mansions originally housed the dean of Yale College, a private school in 1836, professor of agriculture professor John Pitkin Norton, and New Haven Mayor Aaron Skinner (a Yale alumnus). These buildings now serve as classrooms, administrative and faculty offices, and the International Center for Finance. The historic Hall of Mirrors in Evans Hall serves as a central meeting place for social and work related gatherings, highlighted by International Month when the school celebrates its great diversity. Donaldson Commons, named after SOMs founding dean William H. Donaldson (also the founder of Donaldson, Lufkin, Jenrette and a former SEC chairman), is the primary eating place for SOM students as well as students from other nearby graduate programs. Additionally, Donaldson Commons is where the Internship Fund Auction takes place each year, where funds are raised for those students entering into summer internships in nonprofit and public organizations. The current campus is within walking distance of the historic Old Campus and the many other graduate and undergraduate campuses of Yale. New Haven is largely a walking town, and as such, the many popular restaurants, bars, museums, university sports arenas, and theaters are all within a stones throw of the campus. In 2007, Yale announced that the architecture firm Foster + Partners had been selected from an international competition to design a new campus. The firm is chaired by Pritzker Prize Laureate Lord Norman Foster (Yale Architecture 62) and has designed such landmark buildings as the Hearst Tower in New York City, the Reichstag in Berlin, and Terminal 3 at the Beijing Capital International Airport (the largest single building on the planet). The new 4.25-acre campus is described as being as bold and innovative as any of the celebrated structures with which the firm has made its mark and will incorporate state-of-the-art technology and best-practice classroom design. The design for the new campus is not finalized, however Foster + Partners has confirmed that there will be a spacious, open courtyard, a light-filled arcade, a media center, a caf, a business center, and an auditorium. The operating plan is to obtain a high LEED (Leadership in Energy and Environmental Design Green Building Rating System) rating for environmental performance. Finally, one could consider part of Yales campus to extend all the way to New York, site of the Yale Club the largest university clubhouse in the world. The Yale Club features over 11,000 members and features 22 stories of prime Midtown Manhattan real estate and includes several dining rooms, banquet rooms, and bars, in addition to a library and a fitness center. Membership is restricted to Yale alumni and faculty members, but Yale SOM students are allowed access even during their two years of full-time MBA work. It is another perk of attending a business school situated at such a prestigious university, and one of the many ways that Yale SOM connects closely with New York City despite being located over an hour away in New Haven.

The current campus is within walking distance of the historic Old Campus and the many other graduate and undergraduate campuses of Yale.

The new 4.25-acre campus is described as being as bold and innovative as any of the celebrated structures with which the firm has made its mark and will incorporate state-of-the-art technology and bestpractice classroom design.

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Professional Recruitment at Yale


Career Development Resources
The Yale SOM Career Development Office offers numerous services to first-year students searching for internships, second-year students applying to full-time positions, and alumni who are in need of assistance. The alumni network reaches beyond the SOM base as students will have access to all Yale alumni from the undergraduate, graduate, and professional programs. Career Management Workshops. These workshops begin as early as orientation and allow students to work on their rsum and cover letter writing, networking, off-campus searches, mock interviews, and negotiation. Corporate Presentations. Firms begin visiting the SOM campus in September to give presentations in the GM Room in Horchow Hall to students interested in learning more about the companies. Generally, these visits begin with a presentation and end with a Q&A session. On Campus Interviews. As with most top MBA programs, companies visit the SOM campus to interview students. Most elect a closed interview (by appointment only), though some firms choose open interview sessions where students who were not invited to interview can either make an interview or bid for a chance to be interviewed. MBA Job Postings. The career services offices maintains an online job posting forum that allows employers to post various jobs specific to the SOM community. Resum Books. The career services office makes available to companies resum books, which are compilation of first and second-year student resums. These books can be purchased, allowing companies a way to search through the resums of SOM students in search of a particular fit. Company Treks. Company treks are coordinated trips to the headquarters of various firms so that students can learn see first-hand the inner workings of the companies and meet the executives on their turf. Past treks have included trips to CIGNA, Pepsi, NBC, ESPN, and several investment banks on Wall Street. Career Counseling & Coaching Services. Free lifetime coaching sessions are available to all alumni. These 30-to-60 minute sessions include job search strategy, resum review and cover letter assessment, researching companies, and salary negotiations.

Meet the Firms


Each fall, SOM organizes this event at the Yale Lawn Club so that recruiters from firms in such industries as consulting, finance, manufacturing, nonprofit, and consumer goods industries can seek out students looking for summer internships and full-time positions. Over 40 firms attended the last Meet the Firms event, including American Express, Boston Consulting Group, Credit Suisse, General Motors, IBM, JP Morgan, McKinsey, Merrill Lynch, Pepsi, P&G, Sears, and the United Way.

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Employment Statistics
Yale annually produces one of the most diverse graduate pools among top business schools. In keeping with program strengths (but perhaps cutting against public perception), 40% of SOM graduates go into finance positions each year. However, unlike most finance schools, SOM also sends a relatively huge number of graduates into general management positions. Not only that, but Yale SOM sends more graduates into the non-profit sector than any other elite business school. Finally, Yale SOM has a stronger connection to New York City than most would realize, as the school sponsors many activities in the city and some students actually commute from Manhattan during their second years. Therefore, it is not a surprise that Yale SOM places a high percentage of gradates in New York.

Salaries
Mean Salary ......................................$99,562 Median Salary .................................$95,000 Signing bonus average .............$20,000 Other guaranteed bonus average................................$19,000

Major Employers
Major companies across the globe recruit Yale graduates and many of the most common employers are similar to those that recruit at other top business schools. The following companies hired five or more graduates from the class of 2008:

By Industry
Consulting 22% Non-Prot 10% Energy 6% Technology 6% Manufacturing 5% Consumer Products 4% Media/Entertainment 3% Other 3% Real Estate 2% Government 2%

American Express Bain & Company Booz Allen Hamilton Boston Consulting Group Citigroup Inc. Credit Suisse Group Deloitte General Electric JPMorgan Chase Lehman Brothers McKinsey & Company Merrill Lynch Microsoft Procter & Gamble

Financial Services 36%

Health Care 1%

By Function
Consulting 25%

General Management 21%

Finance/ Accounting 40%

Marketing/Sales 10% Human Resources 2% Other 2%

North American Location


West 12%

Global Location

Source of Job Offers


Yale-facilitated Activities ..................66% Graduate-facilitated Activities ......34%

Northeast 59%

North America 91%


Mid-Atlantic 7% Midwest 7% Southwest 3% South 3% Asia 6%% Africa 1% Latin America 1% Europe 1%

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Yale and Veritas Prep


Veritas Prep has a distinguished track record helping our clients gain acceptance to one of the worlds truly elite business schools. The secret to our success, as always, is in first ensuring that Yale is a proper fit for the client, and then assisting the client in expressing that unique fit in the most articulate and impactful way possible.

Our Team
Our team of Yale consultants includes former admission representatives, alumni interviewers, members of influential student groups, and, of course, accomplished professionals in a variety of fields. With multiple Yale consultants on our admission consulting team, we are able to provide customized service to clients based on background, timing, and logistics. Our Yale consultants have career experience in a variety of industries and functions. Each client who works with Veritas Prep on a Yale comprehensive package will receive a customized team of consultants: a Head Consultant and a Yale Specialist. Head Consultant. All of our Head Consultants have experiences as admissions representatives that afford each of them a unique perspective on the applicant pool and how candidates must position themselves to express proper fit and to stand out in an increasingly competitive process. The Head Consultant will guide the client through every step of the process: from the initial Diagnostic Session to submission of the application. Yale Specialist. Every comprehensive package client who chooses Yale will also receive a Yale University Specialist who is either a current student or recent graduate of the school. This individual will ensure that essay responses are both topical and aligned thematically with the things that matter to Yale. In addition to helping clients find specific courses, programs, clubs, and professors that match their interests, the Yale University Specialist will also comb through each question and answer to ensure that the response is properly aligned with the qualities that Yale seeks in a candidate. For more on Veritas Preps incredible team and the individuals who serve as our Yale consultants, please visit the Consultant Profiles page of our website.

The secret to our success, as always, is in first ensuring that Yale is a proper fit for the client, and then assisting the client in expressing that unique fit in the most articulate and impactful way possible.

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Our Yale Services


The Yale School of Management is always one of the most popular school selections among our clients due to its reputation as a cutting edge, socially responsible program housed within one of the worlds most prestigious universities with a community built on cooperation. Students enjoy New Havens central location between New York City and Boston and the fact that SOM is high on melding strong academics with practical applications from top business leaders. However, the Veritas Prep approach is built upon identifying the right fit for each client, regardless of the generic qualities of the business school. Only once we have verified a proper match do we begin to build the candidates personal marketing platform and piece together the perfect Yale application. Diagnostic Session. Our Diagnostic Session the first step in our comprehensive packages as well as a stand-alone service assures that each clients goals and prospects are properly aligned. Once we have helped ensure that the client is making sound choices with regard to each business school application, we start building a timeline and a strategy specifically tailored for a Yale engagement. Personalized MBA Game Plan. Each clients Head Consultant will create a Personalized MBA Game Plan, a strategic approach based on the clients professional, academic, and personal history. Those elements will become the foundation of the Yale application story, allowing the client to demonstrate leadership, innovation, maturity, teamwork skills, analytical ability, and potential for academic excellence. A major component of the Game Plan is the identification of each candidates strengths and weaknesses as well as truly unique qualities relative to the Yale applicant pool (this applies to nearly all of the elite business schools). This will create an application platform from which to work and will help mold and shape the strategy of how to address application components such as the resum, essays, and letters of recommendations. Leadership for Business and Society. This theme is so important to the Yale School of Management that it is in the mission statement educating leaders for business and society. SOM wants leaders that can not only thrive in the executive ranks, but who will also give back to the community and lead the charge in social responsibility. The Veritas Prep approach with SOM is to ensure that you have demonstrated a well-rounded approach to leadership that includes more than just the bottom line. We will help you weave any stories of volunteering or community outreach into your narrative in a clear and concise manner without detracting from the other aspects of your candidacy. Leadership for Business and Society is a cornerstone in the SOM consulting engagement.

SOM wants leaders that can not only thrive in the executive ranks, but who will also give back to the community and lead the charge in social responsibility.

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Collaboration. The Yale SOM environment feeds off of collaborative efforts between students and faculty. Courses rely heavily on engaging and challenging discussions as well as group projects that require strong teamwork. Students must be willing to work within the team system and share their perspectives in an open and honest manner. As a result, the admissions office is constantly searching for candidates who can display a robust and consistent history of working well within diverse and dynamic team environments. The Head Consultant will make sure that the client displays a history of collaborative engagements in his or her career and the SOM Specialist will isolate particular experiences or skills that would prove to be an exceptional fit among the student body at Yale. Balance and Perfection. Once the themes of Leadership in Business and Society and Collaboration have been installed as the backbone of the Yale application, the Veritas Prep Head Consultant and Stanford Specialist will team up to ensure that all of the questions have been properly answered, that the resum and essay questions have been crafted with style and efficiency, and that all of the key business school themes have been addressed in a balanced way throughout the application. Its not easy applying to one of the most popular schools in the country, but our consulting team will ensure that Veritas Prep clients give themselves the best chance of admissions success through the most accurate, engaging, and persuasive portrayal of their candidacy that they can possibly create. This is true of our approach to all schools, but particularly at Yale, where two critical themes Leadership in Business and Society and Collaboration must resonate so strongly and consistently throughout the application.

The admissions office is constantly searching for candidates who can display a robust and consistent history of working well within diverse and dynamic team environments.

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About Veritas Prep


Founded in 2002 by two graduates of Yale SOM, Veritas Prep has emerged as a global leader in GMAT education and MBA admissions consulting. The companys business school team includes more than 300 graduates of the worlds elite MBA programs, managed from its headquarters in Malibu, California. The Veritas Prep consulting model is built on adding value to a students application process by providing both mentorship and expertise. The business school admissions process has become increasingly competitive and applicants must do everything possible to showcase their value. Our consultants assist applicants in presenting their unique stories in the most professional and meaningful way possible. In a sense, our consultants are translators helping an applicant discover raw materials and information and then helping that candidate articulate a unique story in a language that admissions committees understand. More than anything, Veritas Prep gives candidates a sense of ownership and control over the process. Quality of work, attention to detail, care for the student, and integrity are the lynchpins of a successful consultation. In addition to elite MBA admissions consulting services, Veritas Prep also offers the finest GMAT preparation available in the industry, as well as admissions consulting for law school, medical school, and graduate school services. For comprehensive information on all of Veritas Preps many services, please visit our website.

Founded in 2002 by two graduates of Yale SOM, Veritas Prep has emerged as a global leader in GMAT education and MBA admissions consulting.

Success Favors the Prepared

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