This year Yale jumped five places to rank eighth in U. News & World Report’s annual MBA ranking, catapulting over six of the world’s most prominent business schools to gain its highest ranking ever.
For the first time, the school also cracked the Top Ten in Poets&Quants’ latest composite rankings.
That will boost its applicant-per-seat ratio to 11.2, behind only Stanford and UC-Berkeley (see The Ultimate B-School Test: How Many Applicants Want That Class Seat).
Though stats for the cohort that will enter this fall are not yet final, it’s possible that Yale will slightly improve on last year’s average GMAT score of 721.
But there is no mandate that that will happen at all.” Though Yale SOM just set its application deadlines for the 2016-2017 admissions cycle, Del Monico has yet to release the school’s new essay questions.
“We are looking to freshen up the application,” he relates.
Yale joins an ever increasing number of highly selective business schools that have dramatically slashed essays, word counts and recommendations required in an MBA application.
So far this year, cut backs have been announced by Stanford Graduate School of Business, Wharton, and Dartmouth College’s Tuck School.
A 6% INCREASE IN MBA APPLICATIONS FOR THE 2015-2016 SEASON Rankings aside, Yale SOM already is in the top three of the most elite business schools when it comes to applicants per seat and in the top six schools for average GMAT scores for incoming classes.
After a whopping 25% increase in MBA applications last year, the school is now reporting an additional 6% rise to 3,652 applications for the 325 seats in this fall’s new class.