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# not many takers for Yale, why?

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Senior Manager
Joined: 04 Dec 2009
Posts: 374
WE: Consulting (Consulting)
Re: not many takers for Yale, why?  [#permalink]

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17 Jul 2010, 02:20
osbornecox wrote:
Yale SOM is very strong in investment banking. It sends between a third and a half of its class to Wall Stree

Actually, Yale sent 20% of its 2009 class into the IB industry. However, Yale doesn't reveal how many have actually gone to an IB function (corpfin, M&A, etc.). It is definitely less than 20%. Judging by other school's numbers, i.e. ratio of IB function to IB industry numbers, I would estimate that Yale sends between 8% and 15% to real IBD jobs - on par with most other top 8-15 schools.
For the class of 2010, YSOM sent only 9% of its graduates into IB (industry) internships, meaning that people going into real IB jobs (function) will most probably be in the 5-8% range.

Are you saying that between half and a quarter of MBA hires at IBs are doing stuff like Treasury, Ops, PWM, etc? I would imagine Yale's pure-play IBD and PWM-type numbers are strong.
Senior Manager
Joined: 04 Dec 2009
Posts: 374
WE: Consulting (Consulting)
Re: not many takers for Yale, why?  [#permalink]

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17 Jul 2010, 08:37
osbornecox wrote:
Are you saying that between half and a quarter of MBA hires at IBs are doing stuff like Treasury, Ops, PWM, etc? I would imagine Yale's pure-play IBD and PWM-type numbers are strong.

I would say that judging by the other school's figures pure IB is about 50-75% of all people going into the industry.
For example, Cornell 2008: 21% industry vs. 12% function; Darden 2009: 17% industry and 8% function; Columbia 2009: 28% in IB industry vs. 13% in IB function; NYU 2009: 32% industry vs. 15% function. The other quarter/half of the people going into the IB industry can be doing various jobs: internal finance, equity research, S&T, PWM just to name a few. Take a look at what other functions are listed in Columbia's report under Financial Services - http://www.columbia.edu/cu/business/career/employmentreport/2009/2009.Columbia.Business.School-Employment%20Report.pdf
Even in 2005, when the crisis was not there, Columbia sent 18.2% in corpfin/M&A functions vs. 28.5% going to the industry in total.
I don't see why Yale's figures should be much different from the above trend, but it really baffles me why they don't report a detailed function breakdown like the other schools and do a very general breakdown - they surely have detailed figures.

It's surprising, too, considering that they offer the most detailed GMAT breakdown distributions (they show subscores).

When I distinguish between functions, the fundamental distinction in my mind is "front office vs cost center".
Senior Manager
Joined: 04 Dec 2009
Posts: 374
WE: Consulting (Consulting)
Re: not many takers for Yale, why?  [#permalink]

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17 Jul 2010, 11:36
Well, my statement about Yale's not breaking down function stats being baffling was a bit too strong. It's actually not that surprising if you factor in the fact that career reports are just another marketing tool from the school's point of view. Therefore, schools try to project the most favorable image in any way possible, even if its slectively including, omitting, breaking down information and so on. Yale has no problem breaking down GMAT numbers because it is one of the several datapoints they have concentrated on in order to appear more selective. Since their subsection percentiles are not exactly the lowest considering that they are averages, they create an image of exclusivity - the same impression they want to project with their acceptance rate. One needs to cut through the schools' marketing BS in order to get to the core of what a school really offers and how it suits your needs.

In my mind, I already have a ranking of which school's career reports are the most transparent, and what that says about the school.
Manager
Joined: 17 Mar 2010
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Re: not many takers for Yale, why?  [#permalink]

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18 Jul 2010, 02:04
I think I will include Yale in Backup R2, they seem strong for Consulting/Non-Profit
Senior Manager
Joined: 04 Dec 2009
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Re: not many takers for Yale, why?  [#permalink]

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18 Jul 2010, 02:45
hazay wrote:
I think I will include Yale in Backup R2, they seem strong for Consulting/Non-Profit

Hazay, good plan. They're supposed to be one of the best globally at non-profit. Not sure how strong their consulting ties are, but yes, non-profit is what they're most well known for, followed by finance. The Yale brand will probably become consolidated as a Top 10, rivalling Columbia.
Manager
Joined: 17 Mar 2010
Posts: 88
Re: not many takers for Yale, why?  [#permalink]

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18 Jul 2010, 12:28
osbornecox wrote:
hazay wrote:
I think I will include Yale in Backup R2, they seem strong for Consulting/Non-Profit

Hazay, good plan. They're supposed to be one of the best globally at non-profit. Not sure how strong their consulting ties are, but yes, non-profit is what they're most well known for, followed by finance. The Yale brand will probably become consolidated as a Top 10, rivalling Columbia.

I am not yet sold on Yale though... but if they give \$\$\$... It could change my mind. They have a loan forgiveness program if you go to non-profit, but i need more details.
Senior Manager
Joined: 12 Apr 2010
Posts: 404
Re: not many takers for Yale, why?  [#permalink]

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20 Jul 2010, 15:33
Thanks for the replies, really appreacite because this is a lot of information, which probably would not be given even by an admission consultant.

Your time and effort is appreciated. kudos.
Re: not many takers for Yale, why?   [#permalink] 20 Jul 2010, 15:33

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# not many takers for Yale, why?

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