Round 1: September 13th, 2017
Round 2: January 4th, 2018
Round 3: April 18th, 2018
When Edward “Ted” Snyder took over as dean of the Yale School of Management in 2011, expectations soared. And for good reason. Snyder was essentially a miracle worker during his decade-long stint at Chicago’s Booth School–catapulting the school into a world B-school power. Nearly five full years into the job at the SOM and Snyder has somehow surpassed those lofty expectations.
The stats speak for themselves. The SOM’s entering class size for the full-time MBA program has leapt from 231 when Snyder took over to 326 this past fall. Average GMAT for the entering class of 2015 was 721–two full points higher than 2014. Meantime, the acceptance rate dropped three full percentage points to 20.7% during the same timeframe. All the while, the school has been inching up in the rankings and jumped back into the top 10 in the most recent edition of the U.S. News rankings.
Snyder has also focused on diversity. Some 10% of classes at the SOM are reserved for students outside of the school. Not to mention, he has tapped into the global resources of the larger university to increase international presence within the SOM. To top of the global emphasis of the greater B-school community, Snyder and the SOM created the Global Network for Advanced Management in 2012 to link top B-schools around the world. Four years later, the network now has 22 of the world’s most elite B-schools.
“We had a big global brand at the university level, but not at the school level,” Snyder told Poets&Quants at the end of 2015, when he was named Dean of the Year. “The organizing idea was to move us as far away as possible from a standalone business school. Being at Yale made that relatively easy, and that was the big idea coming in.”
And applicants have taken notice to the improvements. In 2014, applications jumped nearly 25% and through Round One of this year’s application cycle, applications turbocharged another 29%. Internationally speaking, applicants from Global Network Countries have jumped a whopping 51.6% from 2012 to 2015.
Of course, Snyder and the global emphasis have also altered curriculum for full-time MBAs. Starting this semester, all full-time MBAs are required to take Global Virtual Teams. The first-year course will focus on team dynamics and then place Yale students on teams with other students at partner schools in Mexico and France. Students will learn to work across countries, cultures and languages.
Other recent changes include a Leadership Development Program–required for all Master’s students, growing the number of entrepreneurship courses to about a dozen and increases in dual degrees and partnerships across schools at Yale. The SOM offers what is probably one of the only dual degrees with a School of Forestry and Environmental Studies.
And employers are taking notice of the changes at the SOM, too. Once thought of a B-school that produces primarily social sector MBAs, the SOM has managed to maintain some of that social integrity while also producing graduates taking high pay private sector positions. For the graduating class of 2015, the median salary was $120,000–up $10,000 from the previous year’s class. What’s more, 96.4% of the class had received a job offer within three months of graduating. “We are closing the gap with the best best schools on employment,” Snyder says.
Clearly, the Yale SOM is trending among pretty much all key stakeholders in the MBA world. Applicants are taking notice, academics are taking notice and employers are taking notice. It will be intriguing to see just how far the school can leverage its current upwards momentum.
From 2011 to 2013, Yale SOM slipped from 13th to 17th in the Poets&Quants‘ composite rankings. The school has more than rebounded to 12th in 2014 and 10th in 2015. In the volatile Businessweek rankings, the school surprisingly maintained a consistent ranking of 21st for 2011 through 2013 before surging to sixth in 2014 and settling back to 11th in 2015. Over the past five years, Yale SOM has for the most part steadily climbed in the reputable rankings.
MBA Program Consideration Set:
Stretch Schools: Columbia, Dartmouth, Northwestern’s Kellogg School, MIT Sloan, Berkeley
Match Schools: New York University, Virginia, Duke, Cornell, Carnegie Mellon
Safe Schools: UCLA, North Carolina, Texas at Austin, Emory
Yale SOM does not publish in its employment report its top employers, preferring to list all of the firms that hired the school’s graduates.
Note: MBA Program Consideration Set: If you believe you’re a close match to this school–based on your GMAT and GPA scores, your age and work experience, you should look at these other competitive full-time MBA programs as well. We list them by stretch, match and safety. These options are presented on the basis of brand image and ranking status as a general guideline.
Can ‘Ted’ Snyder Work His Magic on Yale’s School of Management?
Yale’s Big, Audacious Global Bet
Yale’s Global Network for Advanced Management
Acing the Wharton TBD: Advice from Former Wharton Admissions Staffers
There’s been a steady stream of bright yellow interview invites to Wharton lighting up Clear Admit’s LiveWire for two weeks running, suggesting that many of you are in the throes of preparing for the school’s unique team-based discussion (TBD).
The prompt Wharton used for the TBD with Round 1 applicants in the fall was as follows:
“For many students, the global perspective fostered by Wharton’s international community is brought into focus through immersive learning opportunities like Global Modular Courses (GMCs). GMCs are full-credit courses in an intensive workshop format that take place in a location relevant to the topic.
For the purpose of this discussion, consider yourself part of a group of students invited to design a new GMC. As a team, agree upon a topic to explore then plan a four-day course in a location or locations relevant to that topic. Provide opportunities for academic and cultural immersion experiences while keeping in mind logistical constraints and clearly articulating your course’s desired outcomes.”
rend we’ve seen in recent years, namely that Wharton is choosing to present scenarios as part of the TBD that MBA students could very well encounter while at the school. In its initial iterations, the TBD prompts were frequently a little more abstract.
This year’s assignment seems pretty cool, in fact. You and your teammates get to plan a once-in-a-lifetime trip to another part of the world where you’ll have some hands-on learning opportunities as well as a chance to get to know the local culture. Not so hard, right? Ah, but here’s the twist: Each of the five applicants in the TBD brings his or her own idea for a GMC and has one minute to pitch it to the others. Then, the group together selects just one of those ideas to develop further as the real heart of the exercise.
TBD Designed to Allow Wharton to Evaluate Candidates in Multiple Ways
“Certainly this prompt gets closer to really understanding how someone will contribute during their time at the school, so it has value beyond seeing how someone interacts in a group discussion,” says Alex Brown, a Clear Admit consultant who worked for several years in admissions at Wharton. But as for the part where the group determines which of the ideas to run with, “That could get ‘tricky’,” he says.
Tricky indeed, agrees Clear Admit Co-Founder Graham Richmond, another former Wharton admissions officer who also happens to hold an MBA from the school. “All the work you do in advance might be for naught, since you have only a 1-in-5 chance that your ‘great idea’ for a GMC will be chosen by the group,” he says.
“Talk about a tough dynamic,” he continues, “since many will assume that if their idea is chosen they will have a slight advantage out of the gate…and they therefore may be reluctant to let it go/to not battle a bit for their idea to be chosen.”
How to Prepare for the Pitch
Putting aside for a moment that particular wrinkle, let’s think about how to approach preparing your individual GMC idea to pitch to the group. Richmond sees this as a two-part exercise, beginning with developing a very clear understanding of the GMCs currently on offer at Wharton.
For starters, visit the GMC page on Wharton’s website to get a feel for what they involve—and what’s already been done. Because you should most certainly think of the TBD as an opportunity to show your knowledge of what happens at the school, Brown points out. While you could certainly propose a GMC to a region where these kinds of trips have already been taken, if you went that route, you’d want to be sure to propose a topic that hasn’t already been covered, Richmond cautions. Or you could argue in favor of a destination outside of the seven currently on offer.
Become intimately familiar with some of the ideas that have worked as GMCs in the past so that you can take the creative leap from what has been done before to what could be new and novel. “Once you’ve done some homework on what has been offered in the past, you might even reach out to current students who have led or participated in GMCs to get their insights of what worked well,” Richmond says.
International Applicants: Embrace Your Home Country Advantage
If you are among the large percentage of international applicants to Wharton—by all means let your knowledge of another part of the world be your guide. You very likely know your home country better than anyone else in your TBD group and can make a compelling argument for what relevant topic might best be explored. You also have an insider’s understanding of the possibilities for cultural immersions that could be integrated into the trip—and are probably well aware of any logistical challenges that might arise as well. This home country advantage can help you make a strong case for why your proposed GMC could be the best one for the team to pursue.
If you’re not an international candidate—or even if you are—remember that the GMC you propose should also be consistent with your goals and your candidacy. “View this as an opportunity to highlight important aspects of your application,” Richmond suggests. “In other words, this is your chance to show that you are the corporate social responsibility gal or the energy sector guy, etc.”
Next, once you have a great sense of the preferred destination for your GMC and you’ve honed in on a topic that could be truly important to study in the region, you then need to figure out how to pitch it…in one minute or less. “You need to present your idea in a way that is concise, compelling, and convincing—without sounding cocky, condescending, or close-minded,” says Richmond.
And that’s just the two-part process for preparing your pitch. Next up: You need to really consider the team-based part of the TBD. Richmond advises thinking about this along two tracks, one in the event that your idea is chosen and the other if it’s not.
How to Prepare for the Discussion
“If your pitch is picked, then you need to think about how you will work with the team to flesh out your idea and incorporate what the group might add,” he says. “Your goal here is to be seen as an inclusive leader who works well in teams.”
If yours is not the idea the group decides to run with, then it’s time to pivot quickly to finding a way to jump on board with someone else’s concept, says Richmond. “You want to look for ways to marshal support for the idea and have a really productive, friendly brainstorming session with the group.”
Some applicants might worry that demonstrating leadership skill and vision as part of the TBD will be hard until it’s their idea that’s chosen. Not necessarily the case, Richmond says. “I would argue that the person who helps identify another TBD team member’s idea as the one to pursue—and rallies support for it while striving to include all TBD members in the process—might actually be just as well served (if not better) than the person who’s idea is chosen…”
So give that some thought as you consider how hard to fight for your idea over another’s.
For more advice on preparing for the Wharton interview, including the TBD, don’t miss Clear Admit’s Wharton Interview Guide. And, of course, the Interview Archive is a great place to learn from the experiences of applicants in earlier rounds and earlier years. If you use this great resource, just be sure to pay it forward by leaving an interview report of your own once you’ve gone through the process. Best of luck!
Posted in: Feature Small, Interviews, MBA News, News
Schools: UPenn / Wharton
Preparing for your interview?
Give Veritas Prep a call at +1-310-295-2098 or click to