I am here to answer any questions pertaining to Yale. I will add important info to this initial thread later. Essay questions for class of 2011: Here are the 2009 Yale SOM Questions - 1: Why a Yale MBA? What is the impact that you wish to have on the world? How will your previous experiences and a Yale MBA enhance your ability, in the short-term and long-term, to pursue a career that will allow you to achieve this impact? (500 words maximum) 2: Leadership Example Describe a professional accomplishment that exhibits your leadership style. The accomplishment should include evidence of your leadership skills, a description of the actions you took, as well as the impact you had on your organization. (500 words maximum) 3: Personal Statement 1 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) (1) A central premise of our teaching about leadership at the Yale School of Management is that true leadership – leadership that helps to address a significant problem in a new way – is 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? (2) What personal achievement are you most proud of and why? (3) Describe a situation in which your values were challenged. How did you respond to the situation and what did you learn from it? (4) A phrase often heard among SOM graduates is that they aspire to lead a life that is an “SOM Story” – that of a broadly engaged, values-based leader who owns and solves hard problems that matter. How will you create your own SOM Story? Describe a situation in which you devised and implemented a creative or innovative solution to a difficult problem. What obstacles did you face and how did you overcome them? (5) The Yale School of Management is a community of individuals with diverse backgrounds and interests. What unique attributes would you bring to the Class of 2011? (6) What is the most difficult feedback you have received and how did you address it? Looking forward, what skills are you most eager to build or improve upon in business school? (7) Required for reapplicants: What steps have you taken to improve your candidacy since your last application? 4: Personal Statement 2 Choose one (1) of the topics listed in Essay 3, or create a topic of your own about a subject that is meaningful to you, and answer it in essay form. Please indicate the topic number (or state the topic if it is not one of the ones listed) at the beginning of your essay. (500 words maximum) Some facts about the school are below. Class of 2010* Average GMAT Score 718 Middle 80% range 670-760 Average Quantitative 47 (81st percentile) Mid 80% GMAT Quantitative 42-50 Average Verbal 42 (95th percentile) Mid 80% GMAT Verbal 35-47 Average College GPA 3.5 Enrollment 196 Women 34% U.S. Under-Represented Minority 8% International 28% Geographic Representation Asia 15% Europe 4% Central and South America 5% Africa/Middle East/Pacific 4% North America 72% Undergraduate Majors Business 19% Humanities 19% Economics 18% Engineering 16% Social Science 15% Science 6% Computer Science 3% Math 3% Law 1% ADMISSIONS Class of 2009 Average GMAT Score 700 Middle 80% range 640-760 Average Quantitative 46 (80th percentile) Mid 80% GMAT Quantitative 41-50 Average Verbal 40 (90th percentile) Mid 80% GMAT Verbal 34-46 Average College GPA 3.5 Enrollment 178 Women 34% U.S. Under-Represented Minority 11% International 21% Geographic Representation Asia 11% Europe 2% Central and South America 6% Africa/Middle East/Pacific 1% North America 80% Undergraduate Majors Business 23% Social Science 22% Economics 16% Engineering 16% Math and Science 11% Humanities 9% Computer Science 2% Law 1% Career Services Class Profile Enrollment 205 Women 34% International 21% U.S. Under-Represented Minorities 12% Average Pre-MBA Work Experience 5 years Average Age 27 Top Salary Overview Mean Base Salary $99,307 Signing Bonus $26,318 Other Guaranteed Compensation $27,170 Industry % Financial Services 53% Investment Banking 26% Diversified Financials 17% Investment Management 7% Private Equity 3% Consulting 14% Technology 10% Nonprofit 7% Consumer Products 5% Manufacturing 3% Pharma/Biotech/Healthcare 3% Energy 2% Admissions Ambassadors: https://mba.yale.edu/MBA/students/talk/ambassadors.shtml Discussion Forum: https://som-talks.som.yale.edu/forums/

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Yale SOM

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deepakg

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08 Oct 2008, 04:28

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Thanks buddy...Much appreciated

lanter1

deepakg

Hi Lanter,

Just want to know what is the general impression about Yale.How is yale considered for finance(I Banking or PE). general impression is its good for non profit or Economics. Contrary to general impression statistics reveal more than 50% of class goes to finance.
Also, class profile is very small...How do general students there take it. On one hand it advantages you with a small class size, more cooperative people, you can know less no of people better but on other hand it leaves you with a small size of alumni to tap into.
Am confused whether to look for school with small class size or a bigger class size. Would be great if you could express your opinion. In hindsight do you regret going to Yale or think better if had gone to some other school?

Cheers

Yale is great because of the people so far. As far as class, they are loading us up with 6 classes and two seminar style courses through mid-October and then it slows down a little bit.

There is a large banking presence on campus. Just this week we had Bill Donaldson (founder DLJ and SOM) speaking on campus along with presentations from Citi, Merrill Lynch, Diversified Financial companies, and Exxon finance. As far as PE, there are a few firms that come to campus but not like IB. PE and VC are jobs you will have to work on yourself and network with Yale alumni. There are many alumni at PE and VC firms.

We love the class size. As far as networking, SOM works with former Law grads in business positions and they bring in a lot of undergrads who have an affinity for the university as a whole. This really extends our smallish SOM network.

I do not regret going to Yale as it is the right school for me. You have to find the right school for across all factors. I decided between Duke, Virginia, and Yale. After considering all factors, including a small class size, Yale was right for me.

One benefit Yale has compared to some schools is the proximity to NYC. I can take a 1.5 hour train ride to NYC on a Friday for Informational Interviews and to meet with alumni. In addition, you can stay at the Yale Club which makes NYC affordable with student rates.

isa

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15 Oct 2008, 08:55

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Hi lanter,
What type of students do you think would be a good fit at Yale? I know you mentioned that diversity and awareness-outside-of-bschool (e.g. non profits, etc) are important but what else?

Also, a recent chicago grad I spoke with described both Yale and Chicago as being good for "geeky" students. Do you think that's true for Yale?

thanks,
ac.

lanter1

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19 Oct 2008, 14:47

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ac8706

I am definitely not "geeky" and neither are most of my classmates. Are most of the students in my class business people? No, but they are not geeky...we do have some extremely smart people who amaze me everyday. I think someone who wants to be exposed to many different backgrounds and ways of thinking would be a great fit. It is truly a unique environment when compared to other top schools.

isa

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19 Oct 2008, 21:16

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lanter1

ac8706

thanks lanter!

lanter1

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12 Nov 2008, 12:40

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UPDATE: The interim Dean will be in place for 18 months at which point we will have a full-time in place

The new building is still on track for use by the class of '11. RUMOR/probably true: They are about to name a donor who is giving over $50M to complete the fundraising for the new building.

deepakg

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08 Dec 2008, 03:03

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Hi Lanter,

I have done a lot of research on Yale SOM and somehow get uncanny feeling that Yale and tuck are best suited for me. but still when i read blogs of students from other schools (say like Chicago, harvard, wharton likes...) they tend to see yale in low light, stating faculty is not that great, CDO badly needs improvement. One of them who visited Yale posted that Class participation is not that great by students. Many of them tend to keep Yale as their last choice i.e. if dont get admission anywhere then will go to Yale. Please find below an email i sent to current yale student, who too seems to be complaining in discreet manner about small alumni base to tap into........Would be of great help if you could please address my apprehensions.

[i]Hi Deepak:

Good to hear from you, sorry for the delay in writing you back. Yes, it is very difficult to get into private equity right after school, especially if you do not have any investment banking experience before hand. The most logical path is to come to business school, and then work in banking for a few years before making the jump. In the end, it comes to the relationship that you may build with members of the PE world, and luck, if the fund has an opportunity when you are looking.

In terms of strengths, Yale's class is the smallest among the top 15 b-schools, which is both good and bad. Good because you really get to know all your fellow students, all your professors, and most of the alumni in your field. Bad because that means you have a far smaller alumni base to tap into. The school has a good reputation and string presence in finance, although it is not known as a finance school. Still, about 50% of our graduates end up in finance. The school has a very strong reputation for non-profit and socially responsible business management.

As for my plans, I spent a summer interning at AAA's investment banking division, and plan on going back full time when I graduate. We'll see how the PE thing works out in a few years.

Hope that helps. Please let me know if I can help in any other way. I'm happy to also put you in touch with some of our alums in India, if you'd like to connect with them about the Yale experience.

Best,

XXXX

_______________________________________________________

XXXX

MBA Candidate, Class of 2009

Hello XXXX,

Hope you are doing fine

Its Deepak Goyal here from India and i got your contact form Yale website: XXX club.

I want to do my Mba from a Top tier US B school and Yale of course is one of those schools. I am planning to apply next year. To brief about my profile, i am a chartered accountant by qualification and have 2 years experience till date currently working with CRISIL (S&P India) in equity research. Prior to that i was with Deloitte in statutory audits.

I am primarily interested in joining Private equity post MBA. What is the core strength of Yale like Chicago, Wharton are for Finance. How do you find Yale for Private equity. From whatever limited interaction i had with few students, it seems Yale is known more for Economics, so is it hard to get into PE from there? Even otherwise, from what i understand, its hard to get into Private equity straight after MBA. Just wanted to know how are you planning to approach it.

Thanks in advance,

Deepak Goyal[/i][/i]

lanter1

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09 Dec 2008, 19:28

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deepakg,

The only thing you hit on that I see as a fault of the school is the CDO could use improvement in certain areas but for finance they are great. As far as faculty, we have world-renowned professors in venture capital, private equity, finance, economics, and nonprofit. I was watching the NBC special on the credit crisis and they quoted three or four of my profs on CNBC. I didn't hear a Harvard prof quoted.

Last week we went to a target IB event and our students are on par with any program in the nation. Chicago, Columbia, NYU and Duke were respresented and our students made a great impression on bankers according to those from nontarget schools. We have great relationships with every bank but Goldman.

I encountered the "yale is my third or fourth option" speak last year also. I can say it's a great university with very bright students. A lot of this has to do with rankings and not brand name as Yale is one of four schools in the world with such a name. One of the items businessweek looks at is the average salary of students and our nonprofit salaries bring us way down.

As far as PE, it is hard to get into PE out of any school right now especially without a great finance background.

deepakg

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11 Dec 2008, 04:07

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Thanks Lanter for all the help. you have been a great help indeed. efforts u take to guide the aspirants is worth appreciating. one more question about teaching methodology there, Yale uses case method or lecture or a if a mix of both then what does it majorly comprise of.i mean mix is more tilted towards lecture or lots of case method.

Thanks in advance.

lanter1

lanter1

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11 Dec 2008, 20:04

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It is 50/50 mix in most classes with some more and some less. I am not a huge fan of case method so far. The cases are great and high quality, but it is against my comfort level. However, the reason I came to Yale was in order to leave my comfort zone so I am slowly getting used to it.

deepakg

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14 Dec 2008, 23:51

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Thanks a lot.

lanter1

ozzie123

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15 Dec 2008, 06:34

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Lanter - I read from clearadmit blog that the new building will be finished by fall 2011. Does this mean that MBA '11 won't be using the new building?

lanter1

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17 Dec 2008, 22:05

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ozzie123

Lanter - I read from clearadmit blog that the new building will be finished by fall 2011. Does this mean that MBA '11 won't be using the new building?

The new building is hot topic since the dean left. We are trying to secure additional funding that was in line but now is in question. I have seen the model and it is amazing. Whoever gets to enjoy the building will be very satisfied.

I don't believe the class of 2011 will see the new building and may not see it being built. It is an unpleasant situation for everyone at SOM right now.

ozzie123

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17 Dec 2008, 22:25

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Yes I've seen the 3D model and the new building is really pretty... makes me want to apply just based on that alone :lol:

rsp33

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21 Jan 2009, 12:33

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I had a quick question re: financial aid... if you're not offered grant/fellowship $ with your acceptance notification, are there opportunities for that down the road if you enroll? Have not been down the student loan path before so it's all quite a new experience.

lanter1

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28 Jan 2009, 15:45

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It never hurts to ask for money now especially if you have any leverage. The prospects for 2nd year students is not that great.

aboodoing

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04 Feb 2009, 08:23

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Hi,

I'm planning a visit to Yale this June. Does the school prefer students to visit the admissions office? I know that some schools don't track visits, but some do and weigh them in your application. Would appreciate any insights, thanks.

Regards,
Aboo

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04 Feb 2009, 10:49

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Hi Lanter, can you give your thoughts on current recruiting at Yale for both full-time positions for second years and internships for first years? I assume finance is taking a hit but wanted to get your insight on other areas. Thanks!

lanter1

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08 Feb 2009, 07:13

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aboodoing

I would always go through the admissions. Whether they track or not, it's a great way to get facetime with them.

lanter1

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08 Feb 2009, 07:17

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rca215

It's going well. Banking internships are down 50% compared to last year, but we have had several Asian students get internships for IB in Asia. Consulting is down also. All of the companies are coming to campus, but they are just hiring less people.

The school is also trying to setup a fellowship for students who don't get internships, to right cases for Yale in areas of interest. So, someone who does not get into I-banking or other financial services, could spend the summer engrossed in invesment banking research.

Also, alums are coming from every company to help place people in non-traditional roles for SOM. We have CFOs at several mid-size companies and they are trying to help place. Plus we have many mid-market finance companies coming who may have stayed away in the past.

sanlitun

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01 Aug 2010, 04:22

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Hi Lanter,

I came across this disconcerting article about Yale from a link on the Wikipedia page on Elihu Yale.
https://www.hindu.com/2005/05/04/stories ... 441000.htm

Is it true that (as recently as 2005 ) there is/was a portrait of Yale with a black slave in one of the school boardrooms ?

Yale University's history, bound up with violence against both Indians and African-Americans, is forcefully symbolised in a portrait that hangs in a campus boardroom. This picture from the early 18th century shows Elihu Yale adorned in colonial splendour, with a black slave kneeling in the foreground, silver collar and long metal chain hanging from his neck.