イェール大学経営大学院 (Yale SOM) Applications Down 15%

1. Applications to the full-time MBA program at Yale SOM declined 15.6% between 2018 and 2019, from 3,785 to 3,194, more than double the decline of the year before. 
2. Domestic applications sank 13%
3. International applications dropped 19% 

In the last three years, applications to Yale SOM have declined 22% from their high of 4,098 in 2016-17. 

Yale School of Management saw declines on average Graduate Management Admission Test score, on acceptance rate, on yield, on GPA and even on percentage of women in the class.

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Yale SOM’s Class of 2021 is 345 strong, down two spots from last year, with 42% women (down from 43% the last three years) and 44% international passport holders (a number that includes dual citizens and U.S. permanent residents), including representatives of 47 countries. The percentage of under-represented students of color, which increased 1 percentage point from 12%, while the total students of color ticked up 2 points, to 29%. The class also has enrolled the highest-ever number of military veterans — 18, up from just 10 last year.

The Class of 2021's  Graduate Record Exam scores, saw a one-point improvement in the average Quant score, to 164, to go with maintaining a 165 in the Verbal; that moved Yale’s overall score up a point from last year, to 329 — likely among the top overall scores of any B-school.

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The Average work experience for members of the Class of 2021 is 5.1 years, up from 4.8 last fall. Most (20%) hail from financial services jobs, with consulting (19%) a close second and nonprofit (15%) a close third. The nonprofit number is up 3 percentage points and easily the highest of any top school. Thirty percent have STEM (science, technology, engineering, and math) undergraduate degrees, up from 29% last year, while 28% studied in the humanities/social sciences, 23% have business degrees, and 19% have economics degrees. The latter two categories represented 21% each of the Class of 2020.

But GPA is down, to 3.64 from last year’s record high of 3.71; average score on the GMAT is down three points, to 721; acceptance rate is up 5 percentage points in one year, to 25%, and nearly 8 points since the school notched its record low in 2017; and yield is down, to 43% from 45%.

Applications Plummet AGAIN at U.S. Business Schools

Many MBA programs experiencing double-digit drops. 

 In 2018 the top 10 business schools combined saw a drop of about 3,400 MBA applicants, a 5.9% falloff to 53,907 candidates for the 2017-2018 admissions cycle versus 57,311 the year before.

Major Falls Last Year: 

• The University of Michigan Ross School of Business = 8.5% decline
• Harvard Business School =  4.5% decline
• UC-Berkeley’s Haas School of Business = 7.5% decline
• The Wharton School at the University of Pennsylvania = 6.7% decline
• Stanford Graduate School of Business = 4.6% decline
• THe University of Chicago Booth School of Business = 8.2% decline

Major Falls This Year: 

•  Dartmouth Tuck = 22.5% decline
•  Kelley School of Business = 30% decline (40% over three years)
• UNC Kenan-Flagler Business School = 25%
• Emory Goizueta Business = 25% decline 
• Yale SOM = 15.6% decline plunge to 3,194 from 3,785 last year.
• University of Michigan = 14% decline
• McCombs School of Business = 6.6% from last year but down a troubling 24.9% in three years from its all-time peak of 2,586 apps in 2017.
• Indiana Kelley has declined 40.% percent compared to the 2016-2017 cycle.

10% TO 20% OF TOP 100 U.S. MBA PROGRAMS COULD CLOSE IN A FEW YEARS

It is predicted that 10% to 20% of the top 100 MBA programs in the U.S. will likely close in the next few years, with even greater fallout among second- and third-tier schools. 

School	Year-Over-Year Change In MBA Apps (%)	Year-Over-Year Change In MBA Apps	2018-2019 Apps	2017-2018 Apps	2016-2017 Apps	3-Year Trend
Indiana (Kelley)	-31.5%	-341	741	1,082	1,247	-40.6%
UNC (Kenan-Flagler)	-24.7%	-435	1,323	1,758	2,151	-38.5%
Emory (Goizueta)	-24.2%	-326	1,022	1,348	1,146	-10.8%
Dartmouth (Tuck)	-22.5%	-589	2,032	2,621	2,610	-22.1%
Yale SOM	-15.6%	-591	3,194	3,785	4,098	-22.1%
Duke (Fuqua)	-14.6%	-521	3,036	3,557	3,796	-20.0%
NYU (Stern)	-7.0%	-263	3,518	3,781	3,927	-10.4%
Georgetown (McDonough)	-6.9%	-101	1,358	1,459	1,742	-22.0%
Texas (McCombs)	-6.6%	-137	1,941	2,078	2,586	-24.9%
Michigan (Ross)	-6.2%	-198	2,990	3,188	3,485	-14.2%
USC (Marshall)	-5.9%	-118	1,899	2,017	1,998	-5.0%
Pennsylvania (Wharton)	-5.4%	-349	5,905	6,245	6,692	-11.8%
Virginia (Darden)	-3.9%	-89	2,190	2,279	2,736	-20.0%
Rice (Jones)	6.5%	38	625	587	813	-23.1%
Chicago (Booth)	3.4%	144	4,433	4,289	4,6774	-5.2%

Applications for MBA courses at ロンドン・ウォーリック・ビジネス・スクール surge

• 15 MBA programmes at the UK’s most renowned business schools are set for a bumper year after applications for the premium graduate courses rose by as much as 21 per cent at the same time as their US counterparts continue to struggle to attract students. 

• Warwick Business School, London’s Cass Business School and Cranfield School of Management are on track for double-digit percentage year-on-year increases for applications to start in autumn 2019.

• Demand for London Business School, the highest ranked British MBA provider on the Financial Times global rankings, is up 3 per cent on 2018. By contrast many US schools are forecasting a fifth year of declining demand.

        The surge in applications also confounds predictions made by many academics in the wake of the 2016 EU referendum that students would feel less welcome in the UK as Brexit approaches. One thing we can all agree on about Mr Trump is that he is the biggest plus for UK higher education. One theory is that the US trade war with China has diminished the attractiveness of American MBA providers, which were already suffering as a result of tightening visa restrictions, and made the UK appear a better option in terms of work opportunities after graduation. 

       Cass, part of City University in London, has attracted significant interest from Chinese and other Asian students, who would otherwise have applied to US schools, according to Steve Thomas, associate dean for MBA programmes. 

 

“One thing we can all agree on about Mr Trump is that he is the biggest plus for UK higher education,” Mr Thomas said. “His behaviour in relation to China, and against companies like Huawei in particular, is making the US significantly less attractive to students from Asia.” 

 

       Cambridge’s Judge Business School is the only one of the 11 UK members in the FT’s top 100 MBA ranking list whose applications have fallen in the past 12 months. A spokesman for the school blamed uncertainty over the UK’s departure from the EU. Brexit, it was assumed, would restrict or complicate the student visa process and dampen postgraduate students’ job prospects. 

       However, Brexit is not a deciding factor for many of those currently applying for course places, according to the most recent student survey by MBA entrance exam administrator the Graduate Management Admission Council (GMAC). Its poll, conducted last December, found that 54 per cent said Brexit had no impact on their decision whether or not to study in the UK. 

 

• Demand for the MBA globally was broadly flat last year, according to GMAC’s most recent global applications survey, with an 8.8 per cent increase in the Asia Pacific region offset by a 6.6 per cent decline in the US. 

• Some of the sharpest falls in applications in the US have been at leading institutions, such as Harvard Business School and Chicago’s Booth School of Business. Both have frozen their tuition fees at 2018 levels, widely interpreted as a defensive move to prevent demand for their courses falling further.

MBAにまだ価値はあるか？WSJ読者の声

ウォール・ストリート・ジャーナル（WSJ）は最近、米国の大学で経営学修士号（MBA）課程の入学者が減少し、より短期かつ専門的な修士課程やオンライン課程の人気が高まっていると伝えた。こうした状況を巡り、MBAの価値を巡る議論が巻き起こった。

　現役の学生や卒業生、企業の採用担当者や学者など300人を超える人々が意見を寄せ、オンライン課程のメリットやMBA入学前に実社会で経験を積む必要性などを訴えた。入学者減少の原因として、力強い労働市場や学費の上昇、負担の大きい学生ローンなどがある。

　それでも、多くの読者はMBAがキャリアアップに貢献したと断言した。オンライン学習が学校での全日制の授業に匹敵し得るとの考えには反対だった。財務諸表の読み方などMBAで学ぶ基本的な内容について、高校などもっと早い段階に組み込むべきだとの意見もあった。

　以下は、コメント欄への投稿やニュースレターおよびポッドキャストへの電子メール、記者の取材で得られた意見の一部。短縮・明確化のため、編集を加えたものもある。

従来型の対面式MBAプログラムが最良

　MBAのオンライン課程というものが理解できない。1980年代半ばに私が履修した際、MBA課程の大半はケース分析で、その討論への参加具合によって成績の半分が決まるのが普通だった。私から見て最も大きな違いは、その場で分析しなければならなかった点だ。仕事の会合では現場での貢献が求められる。その場を離れて、オンラインで参加する訳にはいかない。

――ミシガン大学でコンピューターサイエンスを教えるニコール・ハミルトン氏（68）

　全日制MBAプログラムは、オンラインでは得られない同級生との交流を促進し、チームワークの経験や能力を伸ばすのに役立つ。学生が給料を犠牲にして全日制課程に通うのは、時間やお金を投じてMBAを取得すれば長期的に報われると確信しているからだ。私はまずまずの仕事をやめて全日制MBA課程に行き、新しい仕事で給料が大幅に増えた。メリットは何年も続いた。

――エンジニアと監査人を引退した、ペンシルベニア州のサイレシュ・カパディア氏（73）

オンラインMBAには重要な要素が欠けている

　社会ではデジタル化が進んでいるが、通学式のMBAはそれでも強いバリュープロポジションを提供する。それには「知識」と「人」という2つの大きな要素がある。オンラインMBAは経済的だが、提供できるのは知識だけだ。授業や教授はオンライン課程に配置できるが、討論や知り合いはそうはいかない。そのため、オンラインでのMBA取得への流れによってトップクラスの対面式MBAのネットワークがさらに強力かつ特別になる。

――ビジネスモデルを開発するフロリダ州のアンジェル・アントリン・ムリロ氏（24）

MBAの学費は高過ぎる。バリュープロポジションの向上が必要だ

　「エリート向け」全日制MBAプログラムを修了した経験から断言できるのは、そうした学校でさえ、上昇の一途をたどる学費にいら立つ学生がかなり多いことだ。上位校に学費を下げる意思がなく、価格競争を始めようとしないのは、価値低下を示唆することになるリスクが一因だ。無関心のせいでもある。MBAにはなお価値があるが、人々がもう学費を払いたくないと思うポイントに全ての学校が達するのは時間の問題にすぎない。転換点は学校側の認識より近い。

――ニューヨーク州の経営コンサルタント、ロバート・モランディ氏（28）

オンラインMBA課程は重要なニッチ市場を生める

　失業中に（オンラインの）MBA課程を始めた。最初の授業の1週目が終わったところで採用が決まった。世界のどこにいようと授業はいつでも受けられる。空き時間に授業を入れることができた。会計の学士号を持っていたため、プロジェクト管理や生産・運営管理の知識を広げたかった。MBAは1つの資格だと思っている。

――カリフォルニア州の会計士、ブライアン・スティーブンス氏（49）　　

MBA取得はキャリアの財産

　良い仕事と家庭があったため、全日制MBAプログラムには通わなかったし、そうする価値はなかったと思う。大学の教授の1人が、博士号取得のために大学に残ったせいで得られなかった給料を取り戻すのに少なくとも10年かかったと話していた。私の場合、全日制に通えば給料だけでなく、雇用主による授業料補助も失っていた。MBAの元は取れたと思う。私はエンジニアで、MBA後には何年か経営に関与した。それから技術畑に戻ったが、以前より高い水準だった。

――コロラド州のエンジニア、スチュアート・ボール氏（62）

MBAで教わるスキルはもっと早くに教えるべきだ

　損益計算書やマーケティング、企業や社会の責任、初歩的な金融の基礎は高校生の段階で理解しておくべきだと思う。必ずしもそれほど複雑でないが、こうした事柄は経済の仕組みの基本だ。こうした課程をもっと初等・中等教育の授業に盛り込んでいないのは意外だ。企業の意味やその仕組みをより理解するのに役立つ可能性があり、大学入学時にMBAの可能性を排除することもないだろう。

――マーケティング責任者を引退したアリゾナ州のトーマス・ピクルス氏（70）

Industries With The Highest MBA Salary Jumps

Industry	Pre-MBA	Post-MBA	Difference	Percent Difference
Consulting	$86,187.56	$132,601.46	$46,413.89	53.85%
Food, Beverage, & Tobacco	$63,069.77	$104,319.19	$41,249.42	65.40%
Investment Management	$82,531.78	$121,376.06	$38,844.28	47.07%
Private Equity	$98,393.79	$136,132.35	$37,738.56	38.35%
Technology, Internet, & Ecommerce	$85,134.21	$121,897.34	$36,763.13	43.18%
Grand Total	$79,505.75	$116,248.02	$36,742.27	46.21%
Insurance	$74,611.52	$111,296.34	$36,684.82	49.17%
Agriculture & Forestry	$73,500.00	$110,029.65	$36,529.65	49.70%
Printing & Publishing	$58,333.33	$93,337.29	$35,003.95	60.01%
Investment Banking	$92,388.89	$126,049.45	$33,660.56	36.43%
Retail	$74,844.92	$108,102.71	$33,257.80	44.44%
Computer Services & Information Technology (IT)	$80,409.30	$112,810.00	$32,400.70	40.29%
Real Estate	$76,106.25	$108,072.32	$31,966.07	42.00%
Consumer Products	$69,932.10	$101,355.65	$31,423.54	44.93%
Non-Profit, Social Impact, & Social Work	$56,424.03	$87,435.68	$31,011.65	54.96%
Hospitals, Medicine, & Healthcare Services	$77,709.31	$108,655.69	$30,946.38	39.82%
Arts, Media, News, Sports, & Entertainment	$72,803.16	$103,537.98	$30,734.82	42.22%
Manufacturing	$73,308.16	$103,462.57	$30,154.41	41.13%
Pharma, Medical Devices, & Biotech	$84,697.93	$114,818.01	$30,120.08	35.56%
Telecommunications	$78,396.67	$106,207.09	$27,810.42	35.47%
Diversified Financial Services	$79,865.37	$106,250.91	$26,385.54	33.04%
Chemicals & Plastics	$81,884.71	$107,058.33	$25,173.62	30.74%
Automotive, Transportation, & Logistics	$74,636.30	$99,603.13	$24,966.83	33.45%
Commercial Banking	$71,559.05	$95,869.06	$24,310.01	33.97%
Venture Capital	$100,072.37	$124,145.00	$24,072.63	24.06%
Construction, Repair, & Maintenance	$68,913.04	$92,041.67	$23,128.62	33.56%
Environment, Natural Resources, & Mining	$81,500.00	$104,270.75	$22,770.75	27.94%
Aerospace & Aviation	$76,244.90	$98,731.31	$22,486.41	29.49%
Energy, Oil, Gas, and Utilities	$88,756.32	$109,974.84	$21,218.52	23.91%
Accounting & Audit	$67,952.73	$88,946.59	$20,993.86	30.89%
Other	$66,157.53	$83,802.02	$17,644.49	26.67%
Restaurants, Hotels, Tourism, & Hospitality	$68,521.15	$83,502.75	$14,981.60	21.86%
Education	$59,681.99	$74,507.75	$14,825.76	24.84%
Government, Military, & Politics	$77,645.73	$90,631.16	$12,985.43	16.72%
Law	$97,229.17	$105,366.67	$8,137.50	8.37%

Source: Relish/TransparentCareer Get the data Created with Datawrapper

Yale SOM Picks Chicago Economist To Succeed Ted Snyder

University of Chicago Professor Kerwin Charles will become dean of Yale’s School of Management

Yale University’s School of Management today (March 5) named a University of Chicago economist with no experience in business education as its new dean. Kerwin Kofi Charles, a distinguished service professor at the Harris School of Public Policy and the college in the University of Chicago for more than 18 years, will succeed Edward ‘Ted’ Snyder on July 1.

• Charles, one of only a handful of African-Americans to become dean of a major business school and the first dean of color at SOM, will be following one of the most successful business school deans of his generation. 

 

Snyder came to Yale eight years ago after two previous deanships at the University of Chicago’s Booth School of Business and the University of Virginia’s Darden School of Business. Since his arrival at SOM, Snyder has extended the business school’s global reach, most notably by founding the 30-school Global Network for Advanced Management that has resulted in a number of innovations. He also has moved the school up in numerous rankings, boosted graduate enrollment, and deepened SOM’s connections to Yale University.
Yale passed over two highly qualified and admired deputy deans who have been instrumental in the school’s increasing prominence under Snyder: Anjani Jain, deputy dean for academic programs, and David Bach, deputy dean for academic programs. One of Charles’ first tasks will be to try to retain their expertise to allow SOM to build on the momentum Snyder’s senior leadership team has created.

Best MBAs for Entrepreneurship Reputation

Bloomberg Businessweek asked recruiters to rate the quality of MBA entrepreneurship training.

Rank	School	Score
1	Stanford	4.38
2	UC at Berkeley (Haas)	4.13
3	Carnegie Mellon (Tepper)	4.03
3	Georgetown (McDonough)	4.03
5	Washington (Foster)	4.00
6	MIT (Sloan)	3.98
6	Yale	3.98
8	INSEAD	3.96
9	Rice (Jones)	3.95
10	IESE Business School	3.93
11	Cornell (Johnson)	3.90
12	Brigham Young (Marriott)	3.87
13	North Carolina (Kenan-Flagler)	3.81
14	Texas at Austin (McCombs)	3.80
15	Virginia (Darden)	3.79
16	Columbia	3.78
17	Chicago (Booth)	3.74
18	USC (Marshall)	3.73
18	Vanderbilt (Owen)	3.73
20	Pennsylvania (Wharton)	3.67
21	Duke (Fuqua)	3.66
22	Harvard	3.65
23	UCLA (Anderson)	3.62
24	Northwestern (Kellogg)	3.61
25	Emory (Goizueta)	3.58
25	IMD	3.58
25	London Business School	3.58
28	NYU (Stern)	3.56
29	Michigan (Ross)	3.54
30	Dartmouth (Tuck)	3.49

Source: Bloomberg Businessweek 2018 corporate recruiter survey Get the data Created with Datawrapper