Yale School of Management is the business school for Yale University, the third oldest institution of higher learning in the United States. Located in the coastal town of New Haven, Connecticut, Yale SOM is just miles away from Boston and New York City.
Yale SOM is one of the most selective MBA programs in the country, with close to 11 students competing for each seat. The research and education the program provides in the areas of leadership, entrepreneurship, and operations management is among the best in the world.
The integrated curriculum at Yale SOM requires students to study “raw” cases, analyzing a variety of materials, as opposed to standard case studies. In addition, all students are required to go through the Leadership Development Program, highlighting the school’s value for growing leaders. Most students are also required to take a global studies course or study abroad to gain a global perspective on business.
Students have the freedom to begin taking elective courses in their first year of the program. They are also allowed to choose courses from other departments, such as the law school. Yale prides itself on giving students access to the resources of multiple programs at Yale, not just the department for their field of study. Students are encouraged to take classes outside their program, and even pull on the resources of other leading universities.
For more information about Yale’s School of Management, check out our write-up on the program.
Table of Contents
- Yale SOM Salary & Employment Data
- Popular Industries for Yale SOM MBAs
- Companies Typically Hiring Yale SOM MBAs
- Median Yale SOM MBA Salary
- Yale SOM MBA Salaries By Region
- Yale SOM MBA Signing Bonus
Yale SOM Salary & Employment Data
This article will give an overview of the data shared in the 2021 Yale SOM Employment Report, along with our analysis and insights. We’ll cover:
- Popular Industries for Yale SOM MBAs
- Companies Typically Hiring Yale SOM MBAs
- Average Yale SOM MBA Salary
- Average Yale SOM MBA Salary by Region
- Yale SOM MBA Signing Bonus
- Yale SOM Employment Report
Popular Industries for Yale SOM MBAs
Here are the leading industries Yale School of Management MBAs go into post-graduation:
- Consulting – 34.2%
- Finance – 25.1%
- Technology – 10%
- Retail – 10%
- Media/Entertainment – 3.8%
- Healthcare/Pharmaceuticals – 2.9%
- Energy – 2.9%
- Government – 2.1%
- Nonprofit – 1.3%
- Transportation – 0.8%
- Law – 0.8%
- Real Estate – 0.4%
The winner? Management consulting. Not a huge surprise – this is on trend with almost any top MBA program. Coming in second is finance (i.e., investment banking, private equity). Again, not a surprise. If you’re targeting consulting, finance, tech, or retail, your odds are fairly good with a Yale MBA.
Companies Typically Hiring Yale SOM MBAs
So, which companies typically hire Yale SOM MBAs? We’ll split the results into two categories: consulting (because there are a lot of consulting firms that hired out of Yale SOM) and others.
Consulting firms hiring Yale MBAs:
- Accenture
- Albright Stonebridge Group
- AlixPartners
- Analysis Group, Inc.
- Bain & Company, Inc.
- The Boston Consulting Group, Inc. ( BCG)
- The Chartis Group, LLC
- co:collective
- Core4ce
- Deloitte
- E3- Energy + Environmental Economics
- EY (Ernst & Young)
- EY-Parthenon
- Fidelity Consulting
- Genpact Process Solutions
- Guidehouse
- IDEO LLC
- Infosys Limited
- Innosight LLC
- Joule Growth Partners
- Kearney
- Keystone Strategy
- L.E.K. Consulting
- Mars & Co.
- McKinsey & Company
- Monitor Deloitte
- Ogilvy Consulting
- PriceWaterhouseCoopers (PwC)
- Primary Succession Capital LLC
- Simon-Kucher & Partners
- Strategy&
- Tyton Partners
- West Monroe Partners
- ZS Associates, Inc.
Other companies hiring Yale SOM MBAs:
- American Express
- Bank of America
- Barclays PLC
- Capital For Change
- Capital One Financial Corporation
- Citi
- Discover Financial
- The Goldman Sachs Group, Inc.
- Guggenheim Partners
- Guggenheim Securities
- Hillhouse Capital Group
- Insight Partners
- Interblock Capital Partners
- JPMorgan Chase & Co.
- Lexington Partners
- Liberty Mutual
- Merrill Lynch
- Morgan Stanley
- North Castle Partners
- Northwestern Mutual Capital
- Prudential Financial
- Quona Capital
- Renewable Resources Group
- Schmidt Futures
- Visa
- Wells Fargo
With 35 consulting firms hiring Yale MBAs in 2021, the chances of breaking into the field are good. It’s no surprise that one third of the class of 2021 landed a job in consulting.
Median Yale SOM MBA Salary
While the average Yale SOM MBA salary is not disclosed, the median base salary was $140,400. This is slightly lower than salaries coming out of powerhouse programs like Columbia or Harvard, but still above the nationwide average. For folks going into consulting, the median base salary coming out of Yale SOM was $165,000, a very nice number by any accounts.
Yale SOM MBA Salaries By Region
The vast majority of Yale MBA grads chose to stay in the States – close to 92% of full-time hires in the class of 2021, to be specific. That means less than 9% were hired outside the United States.
Median Yale SOM salaries in the US: $150,000
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- Northeast – $150,000
- West - $135,000
- Midwest - $132,500
- Mid-Atlantic - $132,250
- Southwest - $162,500
- South - $157,500
Overall outside the US: $102,918
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- Asia - $103,629
- Europe - $106,313
Data for the regions of South America, Central America and the Caribbean, MENA, Canada, and Africa was insufficient.
Yale SOM MBA Signing Bonus
The median Yale School of Management MBA signing bonus was listed at $30,000 while the median guaranteed year-end bonus was listed at $22,950. About 76% of those that reported salary information received a signing bonus. In addition to that, only a small percentage - 8.4% - reported receiving a guaranteed year-end bonus.
Conclusion
The Yale SOM Employment Report reveals that if you want to break into consulting or finance and want a well-rounded education, the program might be the ideal fit for you. Yale University has a history of producing leaders in medicine, law, and other fields and Yale School of Management students have access to the same heritage.
If you’re interested in learning more about the program from a holistic viewpoint – campus life, degrees offered, tuition cost, and more – see our informational post here.
Additional Resources:
- Management Consultant Salaries Report
- Top 25 Consulting Firms
- Consulting Resume: Complete Guide
- Case Interview: Complete Prep Guide