Bruce DelMonico, Dean of the Yale School of Management Assistants, highlights the diversity of each MBA class. He has a lot of work to do on his annual blog featuring members of the 2024 class.
Highlights of a new MBA class Yale University announced last week: About three-quarters of its 347 members speak two or more languages, and nearly one-third speak three or more languages. The class speaks a total of 50 different languages, from Mandarin to Spanish, Arabic, Tamil, Hebrew, Afrikaans, Malayalam, Laotian and more.
Multiple languages and cultures — 48% of the class are from 48 different countries, up from 44%, 10 more than last year — is one of the most international Yale SOM MBA classes of 2024 to date just one aspect. A happy byproduct of a school experiencing the same downturn in domestic applications that its peers are suffering.
“This class is special in many ways.” Delmonico writesciting a wealth of musical and athletic prowess to go along with an eclectic array of professional and academic authenticity.
Yale Unavoidable App Downturn
Yale University could not avoid seeing a significant drop in MBA applications at US B schools in the 2021-2022 cycle. Ivy League school apps, which often rank in the top 10 nationally, fell 16.5% to 3,237. Yale has reduced the number of candidates this year, but her acceptance rate has still risen from 24% to 28%.
In the previous cycle of 2020-2021, Yale University, along with 18 other top 25 B-schools in the United States, reported an increase in MBA applications. It was the second consecutive year of increase after the second consecutive year of decline. Her 3,877 applications for her class of 2023 at Yale came close to the school’s record of 4,098 in 2016-2017.
The Wharton School at the University of Pennsylvania saw a decline of 14%, while Harvard Business School saw a decline of 15.4%. The Chicago booth was down 13.6%. At Michigan Ross, the loss was 9.3%. 10% at NYU Stern. The largest app decline reported occurred at UCLA Anderson, which lost 20% overall year-over-year.
Duke Fuqua (6%), Georgetown McDonough (5.4%) and Virginia-Darden are down just 3.5%. So far, Cornell Johnson, one of his top 25 B-schools, reports that the app is actually growing this year.
17% of YALE SOM students are first-generation college graduates
Despite declining numbers of apps and enrollment, Yale continued its trend of enrolling about the same number of students. This is a very stable level of around 350 that has persisted during the pandemic when many peer schools have opened their doors a little wider with increased capacity. Use of virtual teaching technology. Still, Yale’s total enrollment is now 738, an increase of 39 seats (5.6%) from last year.
In other key metrics, Yale’s new class is 43% female, the same as last year, and 48% foreigners, up from 44% last year and 40% the year before. The 50 languages spoken in class are nine more than last year. Underrepresented minorities make up 20% to 24% of the class, and students of color have increased from 49% to 54% of her.
Students come from 167 different academic institutions, down from 176. Last year, just 9% to 17% were first-generation college graduates, and 10% had a previous graduate degree, down from 14%. Another 12% are pursuing joint degrees at one of the other eight Yale Universities. As DelMonico points out, 39 are members of the Management Graduate Consortium, the highest number ever at Yale, and six are members of his first QuestBridge Graduate Match program.
Someone with a 2.88 GPA got into YALE SOM
Yale’s graduate manager admissions test average dropped from 726 to 723 a year after a six-point jump from 720, and the median dropped from 730 to 725. The range is 630-780. 39% of enrollees submitted their Graduate Record Examination scores. This is the school’s best record. The mean verbal score decreased by 1 point to 164, so the mean score decreased by 1 point to 329. The undergraduate grade point average was about the same at 3.65, but the lowest point was lower than the previous year. this year.
In terms of undergraduate majors, Yale’s new class is easily the largest group, boasting a staggering 38% of STEM (Science, Technology, Engineering and Mathematics) graduates, up from 27% last year. Business graduates make up 25% of the class, humanities 19%, and economics 18%. As Bruce DelMonico writes, the new group of scholars has received an impressive array of accolades. “They received various academic awards and honors,” he wrote.
there was little significance Change Regarding the pre-MBA industry of class members. Yale students with a consulting background jumped from 19% to 24% of the class last year, while finance students dropped correspondingly from 23% to 17%. Nonprofits saw a notable increase from 11% to 14%. This year, consulting is back at 19%, finance at 20%, and nonprofit at 12%.
“What unites the incredibly diverse members of the 2024 Yale SOM class is their desire to embody the school’s mission of educating leaders in business and society,” Delmonico wrote. “So excited for them to start this journey!”
Don’t miss the Chicago Booth’s 2024 MBA Class and UC-BERKELEY HAAS’ 2024 MBA Class Reports
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