Already an academic titan of the Northeastern U.S. Ivy League, Yale founded their school of management relatively recently (1976) compared to other dedicated business schools.
A great way to decide if you want to attend their business school is to look at Yale’s SOM Employment Report. It’ll give you an indication of how well their alums do after graduation.
The employment report offers a window into the impact an MBA from the school can offer.
Yale SOM MBA Employment Report & Statistics 2024
If you’re seriously considering attending Yale’s MBA program, looking at their employment report can be extremely beneficial. It’ll give you an idea of what to expect career-wise once you graduate.
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General Outlook
The recent MBA classes experienced strong job placement, with 96.1% and 100% of interns securing offers, respectively. Median salaries were $160,110 for graduates in full-time work and $2,308 weekly for interns. Diverse demographics, including women, students of color, LGBTQ+ individuals, and international passport holders, highlight the program's inclusivity.
Regional distribution favored the Northeast and West for U.S. employment and Asia Pacific and Europe for international opportunities. Overall, the data underscores favorable employment prospects and competitive compensation across industries and functions for MBA graduates.
MBA Class Demographics 2024
Here is what you can expect from Yale’s MBA program’s recent class profile:
- Class size of 348
- 43% of the class are women, 57% are men
- 49% of the class are U.S. students of color
- 9% of the class is a part of the LGBTQ+
- 9% are first-generation college students
- 9% of the class hold joint degrees
- The average GMAT score for the class is 726
- The average undergraduate GPA is 3.66
This shows how diverse Yale’s MBA program is and what your GMAT score and GPA should be when applying! Remember, Yale is a sought-after school, so ensure you have the grades and test scores to qualify for their MBA program.
Overall Employment Statistics
Because employment is important, here is the employment statistics for Yale’s graduates:
- 100% of interns accepted job offers
- 87.6% of internships are within the U.S.
- The median weekly salary for U.S. internships is $2,308
- The median weekly salary for international internships is $1,371
- 12.4% of internships are outside the U.S.
- The percentage of students not seeking employment is 4.3%
- The percentage of students starting their own business is 1.7%
- The percentage of students continuing education is 1.7%
- The percentage of students with company-sponsored positions is 0.9%
These statistics are extremely impressive and should be a factor when applying to Yale.
Top Hiring Industries
The top hiring industries for the recent class are:
- Consulting Services
- Median base salary of $175,000
- Finance
- Median base salary of $162,000
- Technology
- Median base salary of $146,000
- Retail
- Median base salary of $144,000
If you’re looking to work in the top industries, these statistics will help you understand your potential salary earnings.
Function-wise Placement
Below is a table that outlines the various function-wise placements and their respected salaries to help you decide which field you want to go in.
Source: Yale SOM Employment Report
Geographic Distribution
If you want an idea of what you’ll potentially be making in certain parts of the U.S., here is a table showcasing the full-time base salary by geographic location:
Source: Yale SOM Employment Report
Recruiting Companies
Yale graduates were hired in many sectors, such as consulting, finance, energy, and government. Here are the notable and top companies that hired Yale graduates:
- Accenture
- Analysis Group, Inc.
- Arcadis
- Bain & Company, Inc.
- Beyond Meat
- Campbell Soup Company
- The Estee Lauder Companies
- HelloFresh
- Aspen Power Partners
- Clearway Energy
- 12Tree Finance
- Acrisure Capital Management
- Actis
- The Goldman Sachs Group, Inc.
- Abbott
- Accompany Health
- Arvinas, Inc. Babylon Health
- Bloodworks Northwest
- CVS Health Corporation
As you can see, Yale University job outcomes are promising, with oftentimes Yale graduates being hired by the top companies in their respective industries.
Entrepreneurship and Startups
In the past year, 15 students, constituting 4.6% of the class, embarked on the entrepreneurial path, choosing to start their own businesses following graduation. These entrepreneurial endeavors reflect the diverse interests and ambitions within the cohort, showing a range of innovative ventures and ideas.
While specific details about each startup are not provided, their decision to pursue entrepreneurship underscores the entrepreneurial spirit fostered within the MBA program, encouraging students to create and launch their own ventures.
Additional Insights
As you can see, Yale’s MBA program demonstrates strong employment outcomes with high median salaries and signing bonuses. The entrepreneurial spirit is evident, with 4.6% of the class starting their own businesses.
Additionally, 4.6% accepted positions in nonprofit organizations, reflecting a commitment to social impact. The recent class saw diverse internship opportunities across industries and regions, showcasing a global perspective.
FAQs
If you still have questions, check out these frequently asked questions.
1. Is Yale SOM a Good School?
Yes, Yale is a high-powered and prestigious business school that consistently ranks among the best business schools in the U.S. As we have shown in this article, studying at Yale will give you a significant boost to your employment prospects and earnings.
2. How Much Does a Yale MBA Cost?
The total cost of tuition and fees for attending Yale SOM comes to $82,200 per year, with the school recommending a budget of $114,860 to include costs such as healthcare and other personal expenses.
3. Where Do Yale SOM Students Live?
Yale SOM students live in three main areas: East Rock (north of the school), Downtown (south of the school), and Mansfield (southwest of the school). The school describes each location as safe, affordable options that are great for all students, which provide good access to campus facilities through various means of transportation.
4. Can I Obtain a Waiver for the GRE or GMAT?
Unfortunately, Yale SOM does not offer a waiver for the GRE or GMAT tests. However, this shouldn’t discourage you from applying, as low test scores can be improved. Your test scores are also only one part of your MBA profile.
5. Is the TOEFL test required?
Yale SOM requires all applicants for whom English is not their native language to apply with a TOEFL test result. Yale requires the TOEFL because the classes are taught in English and you’ll need to write an essay when applying to the program.
6. Does Yale SOM offer financial aid?
Yale offers full financial aid to all students for five years if they satisfy academic requirements. Receiving aid consists of your tuition fees being waived and a small stipend that is “comparable” to those “offered by other leading Schools of Management.”
Conclusion
The Yale SOM Employment Report gives an excellent insight into a unique and highly successful school. Its culture strongly encourages ethics and diligence when training transformative leaders for business and society, which truly sets it apart as a high-powered and prestigious institution for business education.
The huge successes of its graduates, illustrated in great detail by this employment report, demonstrate the school’s potency to help improve people and societies. If you want to be part of the MBA experience that Yale SOM offers, we hope this article has given you a place to start on that journey. Best of luck with both your application and your career.
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