Silver Scholars Program Online Student Panel

Silver Scholars Program Online Student Panel

– Hello, and welcome, everyone. Thank you so much for
joining us today here at the Yale School of Management to learn more about the
Silver Scholars Program. My name is Maria Derlipanska and I’m the Senior Associate
Director of Admissions here at the SOM, and I’m joined by five
current Silver Scholars. Some are in their first, some are in their final year of the program and… I’m very excited to say
that we have two students that are currently on
their extended internship so they are joining us
just for this webinar to tell you a little bit
more about their experience. So I’d like to say a quick word about the format of the event. Before we begin, I will
start with a brief overview of the Silver Scholars Program. I would really like to make a few points about what makes the program unique and also address some really
common questions and concerns about the program itself and applying to the Silver Scholars Program. Then I will let the students
introduce themselves. I have prepared a few questions for them, and for the second portion of the event we would like to go to you, the virtual audience, and
really hear what questions you have on your mind. I have my colleague Kayla
working behind the scenes as she will be fielding your questions, so please make sure to use the… Q&A feature of the Zoom platform
to send her your questions and she will be forwarding to me, which is why I’ll keep a
close eye on my computer here in front of me. So about the Silver Scholars Program, as probably all of you know by now the reason why the program was created was to really give an opportunity for college seniors to
enroll in an MBA program immediately after they complete
their undergraduate studies, and this is really the first
point that I would like to make about the program. It’s what makes it very, very unique. So you graduate from your
college, your university, in the spring in May or June and you come join us at the
Yale School of Management immediately after that in August to start the first year
of the MBA program. Secondly, I would really
like to stress that the Silver Scholars
Program is the exact same to your full-time MBA program that all of our students here at SOM complete. The only difference is in
this internship requirement. So young professionals
entering the program with several years of work
experience are required to complete a summer internship between the first and second
year of the MBA program, and the Silver Scholars
because they enter the program with no full-time work experience, just internships on their resume are required to complete
an extended internship which essentially means
working full-time for a year between the first and final
year of the MBA program. Many of our students
actually choose to extend that internship to two years or more. Some of them have chosen to
split the internship year between two different internships, often times at two different companies on two different continents. We’ll speak a little bit more about that later in the webinar because we have students on the panel that have chosen to do that, to extend their internship, but for now I just wanted
to really highlight the flexibility of the
internship requirement. Silver Scholars comprise about
5% of the total MBA class and they’re fully integrated
with the MBA experience which means that they
are equally distributed among the five cohorts at the
Yale School of Management, and they fully participate
in all the student clubs, organizations, affinity
groups, and student government. So, “Who is a good
candidate for the program?” is a common question that we get. I would really like to stress
that we’re really looking for students of all academic majors, professional experiences,
and career aspirations. In fact, I always say that
there’s no such thing as a typical Silver Scholar and every year almost
every single Silver Scholar that we admit into the program comes from a different academic background. Some students come from very
quantitative disciplines such as economics, accounting, business, finance and so on. Others come from
non-quantitative disciplines such as English language and literature, art history, sociology, psychology, political science, and so on, and of course we have
students in the class that have majored in engineering,
law, computer science, physical and biological
sciences, and so on. Similarly in regards to their
professional experiences, we welcome students from
all different backgrounds. Most students have done the traditional corporate
structured internships in finance, technology,
consulting, marketing, and so on, but many are entrepreneurs, they have started their own ventures. Some have joined the family business. Others have extensive
lab research experience, so they’re young scientists. In regards to the application process, it’s the exact same process
for everyone that applies to our full-time MBA program
with two small exceptions for the Silver Scholars, the letters of recommendation
and the interview. Silver Scholars are required
to submit one academic and one professional
letter of recommendation. So the academic one should
come from a professor, an academic mentor or advisor,
residential college dean, someone who can obviously speak to how you’ve done as a student at that particular institution
and the professional one should come from a manager or supervisor, somebody that oversaw
your work, for example, at a summer internship, so anyone who served in
a supervisory capacity in the professional realm, and the last thing I
wanted to say was that we have nine joint degree programs with other professional
schools and graduate programs here at Yale University. Silver Scholars are
absolutely welcome to apply to any of them and indeed every year we
have several Silver Scholars pursuing a joint degree program. So that’s kind of all I wanted to say. I will now turn to the students and I will ask each one of
you to introduce yourself. If you can just maybe give
us your name, your year in the Silver Scholars
Program, undergraduate major and institution, and speak a little bit about your decision to apply
to the Silver Scholars Program as a college senior. Why are you deciding to pursue an MBA immediately after college? That would be great. – Starting from here? – Sure. – Okay, hi, I’m Lukas. I’m in my first year here in
the Silver Scholar Program. I did my undergrad in economics,
politics, and philosophy at the University of Warwick, UK, but then also did a masters
in behavioral science with behavioral economics at the University of Pennsylvania, and I think that actual
ties into the reasons why I applied for the
Silver Scholar Program. It has an academic
component where I started from a very theoretical space
of the mathematical philosophy of economics, then the behavioral
component in my masters, but then I realized I
don’t wat to pursue a PhD. I actually want to apply those things in an actual organization. I want to form things with this knowledge and I think an MBA prepares you for exactly taking that step
of translating theory into actual organizations, and then the second perspective of why I wanted to pursue an MBA and especially that early on is that I’m particularly interested in social impact businesses, so the overlap of a social impact aim and a full profit structure, and I think, especially in that space, it is a big advantage to be able to show your MBA early on. To show you that I’m a
pragmatist in that field, right? I actually want to create something, I know the business side
of such organizations. So that’s a great signal early on. So those were my two
main reason why I wanted to pursue the Silver Scholar Program. – Hey, everyone, so my
name is Hannah Webb, and I am actually in the gap period. I’m in my third year of the gap period somewhat unexpectedly. So, for undergrad I was at
the University of Georgia and I was actually a business major. So I majored in finance
and international business. So, fairly traditional, but in looking at what I
wanted to do after I graduated I found that a lot of the
options post-graduation were very standard. So you would go in, do
your analyst program, maybe get promoted in two or three years, and frankly I wanted the
opportunity to get some credentials where if my ability allowed
me to go farther faster, that I would actually be able to do that, and to me getting an MBA
from a school like Yale and getting it very early was going to empower me to do that. So a lot of it from my perspective was actually a career booster. I wasn’t exactly sure what
I wanted to do in my career, but I definitely found
that coming here and even with only one year of
experience from Yale, it was an enormous career booster and I’ve gotten promotions
at two companies already in my gap period that technically
I shouldn’t have been able to get, but I was able to
get them because of Yale. So it’s been absolutely
confirmed, everything that I was hoping when I applied to the program. So it’s been great. – Hi, everyone, my name is Helen. I actually joined the program in 2017, took one gap year so I’m currently a returning Silver Scholar. I was an economics major
at Wellesley College and I decided to join the Silver
Scholars Program fresh out of college because before
graduating I actually didn’t have a clear career
interest, to be honest, and I figured this program
gives me that opportunity to kind of build my professional network, get me introduced to different disciplines in the business world and also buy me some time to
make a more informed decision of my career pursuit. That’s worked out pretty well for me. So I’m like Hannah, pretty happy
about where I am right now. – Hi, everybody, my name’s Liam. I am in my first year of the gap year and as an undergrad I was a
math and fine arts double major at Wheaton College and studied in an engineering dual degree
program at Dartmouth College. I think the SOM curriculum
really appealed to me because it was so interdisciplinary,
which is obviously something that was important to me. I started to have a feeling
as an engineering undergrad that engineering was only
gonna solve technical problems and most of the world’s
most pressing challenges aren’t technical at this point, and the things that were
keeping me up at night weren’t how to make this… Algorithm 1% more efficient, but how do we think about the implications for real people, who it’s for, who are making
it, and those kinds of things? So SOM feels like exactly
the place where I can engage that and Silver Scholars was the place that I could engage it most
immediately so I applied and all that goes, so far
I’ve really enjoyed it. One other quirk about my participation is that I actually deferred
for a year before starting at SOM because I won something
called a Watson Fellowship and for me the flexibility
that Maria mentioned has been really an important factor in my getting the most out of this program. So if there are any questions about that, I’m happy to follow up more later. – Hi, everyone, I am the second Hannah. So Hannah Webb and I actually
started in the same year in 2016 and I have since
taken two years off and I’m now a returning Silver Scholar. I did my undergrad at Bates College where I actually studied… Designed my own major in
international development and paired that with a
double major with French. Most of my experiences pre-SOM were in international development
at the intersection of economic development and
environmental sustainability. I mostly was working for NGOs and quasi-governmental organizations which I really enjoyed the mission of, but was interested in
figuring out how to apply that in a market context, working for a for-profit
company where I thought that there might be faster routes to change. So, similar to Lukas, interested in the social entrepreneurship and kind of for-profit business
models being used for impact. So I would say, yeah,
since then I’ve loved the Silver Scholar Program, and similar to Hannah, I think I’ve seen it as
a booster for my career and has allowed me to
really pursue my interest in what I identified as impact investing and that’s really what
got me to come to SOM to learn those business skills
and that business acumen, or to pursue that. – Okay, great, thank you. So my next question was
about on campus involvement, and I know Lukas you’re brand new. I don’t know if you’ve had
a chance to get involved in any clubs or organizations, can you speak a little about that and maybe a little bit
about SOM culture and how that played into your decision to apply into the Silver Scholars Program? – Sure. Absolutely right, I am brand new, but even just having the first few weeks, you’re just bombarded
with different clubs, and information, opportunities, so maybe let me talk about
the SOM culture first because that was actually, for me… For a long time I was
thinking about I would want to do an MBA or would rather do an MPA some more on the public sector focus, and one of the reasons
was that, for example, during my masters I experienced a lot of very cutthroat… MBA courses at other schools, and arriving here I had… Immediately, the feeling of a very collaborative environment and everyone would be… Very welcoming, would be very supportive. It was an environment
where it was very fine to, for example, express those
are the areas that… My weakness is in and that’s
where I want to develop, and I didn’t expect it to be
that open, the collaborative, which is absolutely great. I love that, and about student clubs
similar to my interests, I am ever involved with the Startup Entrepreneurship Club and… A whole array of social impact clubs, and so I’m still discovering
those bits and pieces, but… It’s a very diverse place. I thought, for example, that
I’m gonna be used within a niche with my interest, then I think the second event I went to, Hannah was sitting on the panel saying, “Oh, I’m a Silver Scholar and
I am doing social impact.” I just thought, “Okay,
I’m in the right place.” (laughs) Yeah, so really great so far. – Yeah, so definitely the culture of SOM has been really good and it was a big part of why I ended up
accepting my offer as well. So I’m actually not in social
impact, so I don’t do… Sorry, guys. (laughs) So I’m not looking to
work at a non-profit, but I am looking… I sort of take the view of I’d like to feel good about my work. I’d also like to make
money while doing it, and a lot, to be honest, but one of the things I
really enjoyed about SOM is it is a very collaborative environment and you don’t feel like you can only go up by
someone else going down. At the same time, people
here are very, very driven. They are going to succeed and
it’s not a question of if, it’s just how they’re going to do it. So you definitely have
some very ambitious people. You have people who you just… You can tell they’re
gonna have three houses and a boat in a couple of decades, but they’re not going to do it in a way that they wake up in 20
years and feel really bad. So I found that balance to be very nice and I think that’s also
important at a school that actually encourages you to pursue what you enjoy doing, what
you feel good about doing because I have found that
SOM is far more diverse than any of the other
business schools I looked at because the attitude here is if you wanna do something,
then just go do it. If you’re not doing it that’s because you’re not
pursuing it hard enough. I actually knew one
person who wanted to work with a particular political
person and they said, “Oh, well, we don’t do internships,” and she said, “That’s okay, “and she literally drove
down there one weekend “and got an internship.” They made an internship for her. So she was like, “I’m going to pursue this “because this is what I wanna do,” and so I think that culture
of a lot of ambition, but also the attitude of “I
will make it work for me” and that creativity is great at SOM, and as far as student clubs, I was actually a member of several ’cause I didn’t really
know what I wanted to do. I was part of the Consulting
Club, Women in Finance, investment banking for a short
time, investment management. So you really can pursue a lot of things. Even if you’re not gonna
necessarily pursue it as a professional career, you’re just interested, you’re welcome to go to their events and I found that really, really enjoyable. – Okay, so SOM culture for me, I actually visited a
bunch of different schools before I applied. When I got to Yale, I feel like the school has such different character
compared to others. I guess it’s hard to really
verbalize what it is to me, but I think it gives me
a really good balance of the ambitious self,
in a business sense, as a businesswoman, businessman, but also the more collaborative,
socially-responsible self for me as a human being. So I think that balance is what… SOM really stood out to me and in terms of student clubs, yeah, I was also involved
in a whole bunch. I think my favorite one
as of now is actually the Food and Wine Society. (laughs) We invited, actually, our wine professor. It’s really, really cool. He is the sole distributor
of Shadoop Shoes in the US. He is so willing to share everything that he knows about wine and food. In this club society, in
this class in particular, people just sit together, talk about their lives while enjoying the wine. It not only fostered a
really close community, but also helps me professionally as well, as I talk to my colleagues, my client, my boss about wines and food, it’s a great exposure and I
would say student clubs here are very, very diverse
and you can certainly find a place that you like. – All of that is definitely true. I would also add that while
you can find everything that you want at SOM, SOM is also much more integrated with Yale than I understand most other
business schools to be. So it was really fun for me that for the past… And this is my second
year now, helping to run the Yale School of Architecture
student publication. That’s something that I
don’t hear my friends who are at other business schools having the kind of opportunity to do. Not to call out names, but you don’t go to
University of Pennsylvania, you go to Wharton if you’re
in the business school there. I think it’s cool that this
is much more integrated. That wasn’t a Lukas reference. (laughs) Just about the other
business schools that we see. In addition to all of
the ways that SOM fosters a really supportive and collaborative, and kind community with people of all different kinds of interests, it is also more connected than most to a broader community where
you can find even more. I think it’s cool. – Yeah, you guys all said it. I would echo everything you said. I was actually similar to Lukas. I was still trying to decide. I knew that I wanted to do
something to further my education in economic development and
international development looking at impact investing, but I thought that that could be an MBA or a different degree and as I was looking
at different programs, I was really drawn to SOM for the culture, for both the knowledge of business acumen, but also for this kind
of collaborative culture where I arrived here and even just on… I think it was welcome weekend, I got here and within the first
ten minutes I had five other emails of students
that people had said, “Oh, you’re interested
in impact investing, “you need to connect with this person, “you need to connect with that person, “you need to connect
with this other person,” and so I think people here are so willing to share their knowledge,
to share their contacts, to collaborate with you on projects you’re interested in doing. So I think that was really
a big factor for me. I would also say in
terms of student clubs, I was involved in
Responsible Investing Club, student government, Hockey
Club which was super fun. I think there is really pretty
much anything you can find, anything you want, you can find and if you don’t find
what you’re looking for, I also started… I’m now teaching meditation and yoga, and so if you wanna do something, you can also bring what you’re interested
in to the community. – All right, thank you. So my next question was about
your professional goals. Have they changed since you applied to the Silver Scholars Program, and for those of you have
completed an extended internship or are currently completing it, can you speak a little
bit more about that, your role and what that looks like? – Yeah, I’ll keep that
brief because I have less (laughs)
to say about that, but I think what I can say about… Oh, you’ve heard what I’m interested in. I think the key thing
that changed for me is that actually, despite an
overwhelming first few weeks, it was actually quite a confidence boost. So if you, for example,
in your learning teams which are small groups in
which you do group assignments, etc. and you work along… McKinsey, a guy with
three years of experience, BCGs, some investment bankers, and you’ll learn a lot from them. At the same time, if they
have questions, sometimes you can answer them, and you actually realize… you can… Even with someone who has
that many years of experience you can act with them, you
can work together with them, and you can pick up a
little language things that, especially, industries like to have as barriers to entry. You pick up on that and you
just feel a bit more confident acting in such environments, and I think that helped me to say, “Okay, I can actually go
forward with what I want to do.” – Like I mentioned, I’m actually in the third
year of my gap year. I extended it again, actually, because of the career I ended up having. So when I first came into
Yale, I actually already had an offer from Deloitte Consulting and I had worked with them, so I actually worked with them for a year and I ended up deciding that
consulting was not for me, which was okay. I had a great time there, but I realized this isn’t
what I wanna pursue long-term, and what I actually ended
up doing was I was debating about whether to come
back to school or not, and I had actually set
myself a four week deadline that if I could find
something really interesting in a four week period that
I would delay my school by one more year. I thought I could grow a little more and be a better person when I came back, and I actually ended up having
Citibank reach out to me. So I currently work for Citibank. I was originally supposed to
work for them for one year. That was the plan and I actually did believe
that was gonna happen, but what ended up actually
happening was pretty surprising. They offered me a position as a vice president and
a product manager there. So that’s the role that I
currently have with them. It’s an incredible role. I’m in their digital division. I helped get two new products to market. I managed those products, everything from design,
to development, to launch, to maintenance, to fixing,
and meeting financial targets and everything involved in that, and what’s really cool
about the role other than that I actually really, really enjoy it, it’s something I wasn’t expecting to do, but now I can see myself
doing this longer term is that this role is actually a post-MBA role and it’s supposed to be a two year rotational program out of MBA and then you can have this role, but I had, during the time period, that I was working as a contractor, they said, “We’re really impressed “and we think you can handle this role.” So I would say that that’s
a really big testimony to how Yale really helps you because I’ll be perfectly honest, I’m pretty sure they gave me the interview because Yale was on my resume, if I had to guess, which is… It’s okay. Okay, I did other stuff, but basically they’ll at least talk to you for roles that they may not otherwise have wanted to talk to you before, and that opens the door and allows you the opportunity to prove yourself, and I am now in a role
that I thoroughly enjoy. I really enjoy my job every day and it’s very challenging, very dynamic, but I also have to remember
that it was thanks to Yale that I got this several years
earlier than I otherwise would have had the opportunity even to apply, so I think, in terms of
my career, it goes back to what I was saying of wanting to boost it. That was definitely accomplished and it’s also introduced me to a relatively new
rollover product manager, which is a great role to be
in right now at any company. So it’s completely changed
the direction of my career and definitely for the better and introduced me to a company that honestly I’d never thought about working for in the past, so this made an enormous difference. It was somewhat unexpected and I actually ended up extending
to work for Citi longer, but I can definitely thank Yale for a really exciting career right now. – Yeah, I will certainly
echo Hannah and say that Yale has such a strong brand equity as we all say in the business world. That it will open up a
lot of doors for you. So in my gap year, I took one gap year and did two internships, so the first one I was
working at KKR in Beijing and the second one was Jameson Bank and Goldman Sachs in Hong Kong, and pretty much I pursued a
more traditional finance route, AKA, less exciting, (laughs)
but more structured, and… I don’t think my decisions
have changed that much, but I think Yale has given
me a different reason why I made those choices. I think having taken all those
classes on entrepreneurship and all other disciplines. I know that in the very long-term I wanted to start my own venture, probably
start my own fund, and… Without this education at Yale, I probably wouldn’t even think about that because I was just not having enough exposure to those areas. How have my professional
aspirations changed? I think it gives me a
longer-term career vision and purpose of what I’m doing right now, and I do believe those bad seeds will eventually sprout last. – We’re also writing the story, so I don’t really know
how to talk about it yet, but I definitely have continually changed my career aspirations in
light of new information. Before, I mentioned briefly
my Watson Fellowship in which I really thought that I wanted to do public interest technology work, realized on that year that that wasn’t… Changing the world in exactly
the way I thought it would. Surprise, you can’t change
the world in a year. (laughs) So, yeah, I came here
and was able to reflect a little bit more, and have since done much more kind of systemic work, digitizing government services for the International Trade Administration or this past summer I was working in the
Boston mayor’s office of… It’s called Mayor’s Office
of New Urban Mechanics. It’s their RND and innovation team. I was writing their future of work brief which now felt kind of meaningful, and since doing that work, I found a lot of it really
delightful and impactful, but wanted to see like a broader range of projects and people, and… I guess, just develop more
on the kind of good learning that I was doing here at SOM, so I’ve since gone back to consulting to the social sector at a little firm called Wellspring, and… It very much feels like finishing school for an MBA in some ways. I feel like every day is an SOM raw case, and I don’t really know
where it’s gonna land yet, but at this point I’m having a lot of fun. I feel like I’m learning every day and doing important work, trying to solve strategy problems for non-profits so we’ll see. All I can say is that
it definitely changes as you learn a lot, and so far that has
been really fun for me. – Yeah, I would maybe, again, draw on all of these
themes of check to Hannah’s this being a career booster, check to Helen’s this making me plan for my career more long-term, and then also check to Liam’s this being something
that within my classes, within the career network
that I’ve built here, I’m constantly getting new information and that’s constantly
forcing me to reassess and realign my priorities
in terms of my career. So I think, getting here, I came to SOM because I wanted to go
into impact investing. I did end up getting an
internship in impact investing. I was working for a private
equity firm in New York, was working on their
financial inclusion team, basically providing capital for financial inclusion products in India and South Africa, and that was exactly what I wanted to do, so I was really excited about that, and I would not have
been able to get that job straight out of undergrad. I didn’t have background and investment. I really just had the
passion for social impact and some background, and having worked in India before and looking at economic development. So I think definitely a
career booster, for sure, and then I think in terms
of planning more long-term. During that internship, during that extended
internship, I ended up actually leaving to start a company with my brother which is financing solar for low income communities in the US. So using blended capital, both equity and grants
in order to finance solar so that we can then
actually send a portion of the profits back into the community for education funding on
environmental literacy, as well as green jobs training. So that’s been a wild
ride and I think something that I would not have pursued if I didn’t have my first
year of business school. The amount of times I’ve
referred back to my notes from core classes that,
literally as I’m taking them, I was like, “Oh, I’m not gonna do this. “I’m not gonna pursue a job in marketing,” that I’ve now looked back on and actually use these concepts
and theories in this year and in this startup environment. So that’s been really exciting
and something I don’t think I would have ever pursued
without this program and now looking forward I’m
gonna continue working on that company while also
potentially interning and working with an impact
investing venture capital firm trying to stay kind of close
to that social innovation nexus between startups and funding for startups, and I think that that’s
largely based on classes that I’ve been taking this year and professors that I’ve
been meeting with, so, yeah. – Thank you. So I’m looking at the questions
that are being submitted, and we have one about the
career development office. How do you find an internship and what resources does
SOM provide to help? So I was wondering if you
can speak a little bit about the career development office, the resource it provides
to the Silver Scholars, which ones have you used, which ones have you found most helpful, and if you have any experience
with the alumni network, if you can touch on that as well. – I can, again, start with the
early phase of that process. What I really liked is if you come here straight in the beginning, the CDOs, career development office has a lot of programming, just about experiencing
different career paths. For example, there are panels with people from different industries, really all kinds of different industries. It’s without a nameplate, so basically you’re free
to ask better questions and you’re given that opportunity to ask the question you always want to ask and just cover different industries, which is incredibly helpful
even if you think you know what you want to do just
by seeing other areas. “Okay, yeah, I really
don’t wanna do that.” That’s great, so just by having a lot of exposure to different career paths that
CDO provides as information, that was all really,
really helpful for me. – Yeah, I had a similar experience. So I had actually felt that
I wanted to get more exposure into the finance field, actually, specifically I was looking at investment management. I ended up not pursuing it, but the CDO is incredibly helpful. I was looking into a field
where I really didn’t have much of a background. I just had an academic knowledge, but they were very helpful
and I ended up talking to a lot of companies
and really understanding that “feel better” and a lot
of that was through the CDO and getting those contacts and I can even say there
was a member of the CDO who actually no longer works for Yale, but we’re still in contact because I thought she was so helpful
and I made such a connection with her over time that we still will grab coffee every once in awhile, so they definitely… They really want to help
you and you can make really good connections
with them as people, and also keep in mind I found that the people who work for the CDO, they used to work in industry. They know a lot of people, they know what they’re talking about, and the things you say are
very, very helpful I have found. – Yeah, I can speak for more of the traditional finance side. I think one of the challenges
for Silver Scholars is actually because our program is structured so differently, sometimes it’s harder
to talk to recruiters from the company, exactly when you’re gonna graduate. Small details like that, they might have an
impact on whether or not that you can pass the first
round screening process and the CDO was actually very,
very helpful and proactive, in reaching out to me,
offering to help issues, some letters from school to help meet then explain to the company’s
what the structure is like, the flexibility of this program. That aspect is really, really helpful if you guys are thinking about more of the traditional finance career path. For me, in terms of navigating
the professional network, I think I benefited the most actually from, also, core classes. Starting from my first internship at KKR, I wanted to explore more options and actually also look back on my notes, thinking about all this active listening, show our vulnerabilities,
how do you talk to your boss, leverage different
stakeholders, all those kind of stuff that we talk about in class to strengthen your network
and engage more people to help you with your career aspirations. So what I was thinking
about my second internship, I actually got so many people around me helping with the process and as largely a result of me knowing those networking skills that
I’ve learned here at SOM. – Yeah, there are a few
things I found super helpful about how SOM approaches
Silver Scholar internships. The first thing was when I first got here I was really worried that I wasn’t… Gonna get a job because my experience
was really untraditional, I didn’t know all the words that everybody around me was using, and, yeah, it was just
really intimidating. I was competing for jobs with people who had years and years
of work experience. Why did I think that anybody
should hire me over them? I think, Lukas, you were
talking about it as… And I don’t remember what phrase you use, but it was kind of like an ego boost not just to work in classes with people, but also to have… I remember Stephanie in the CDO was like, “Don’t ever say that you’re
not qualified for this.” She’s like, “You got this,” and I never said that I wasn’t confident about my ability to do a job after that, and, yeah, I ended up
getting an MBA level role, and so far I feel like
I’ve been killing it. It can be really intimidating, I think, to be in the job market at SOM and it shouldn’t be, it doesn’t have to be and the CDO is really good
at reminding us of that, and making sure that we have the tools so that we are capable of doing that work. The other thing I would say
is I did have some doubts about what I wanted to do and it was really helpful
to have a really… Diverse set of people
that I could just ask, “What is your job like?” What does that actually look like? And people from across
the Yale alumni network were really willing to just sit down and do informational interviews with me, which was awesome and really contributed to me figuring out what I wanted to do and
where I wanted to do it, and to me, getting the
position that I’m in now, so those two things were really helpful. – Yeah, again, (laughs) I feel you all. – Next time I’ll start
with you Hannah, okay? (laughs) – Yeah, I would say that
it depends on what it is you’re looking to recruit for. I think that if you’re looking for a more traditional career
path like investment banking or consulting, or working
at a larger company, then there’s a lot of recruiting on campus and in that case the CDO
is enormously helpful in having one-on-one meetings with them, being able to prep for your interviews, being able to prep on your story, being able to provide you with contacts for informational coffee
chats, things like that, and I think that process
is very well laid out and really, really well supported, and then I would say if
you’re looking for something maybe less traditional like, for example, I think just
smaller firms that don’t have huge HR teams, don’t have very structured
recruiting processes, but I think the CDO is also really helpful in terms of connecting you with alumni who either work in firms like that or who can refer you to
other firms like that, or who can leverage their
networks to help you find what you’re looking for. I would also say clubs are an enormous resource in this process. So for investment
banking, the Finance Club, you’ll get literally paired
with a second year buddy that you’ll meet with once a week and you can go over “here’s
my interview process, “here’s how it’s going, “let’s do a mock interview,” like, “Here’s some feedback.” So I think second years are
also a really great resource I found in my first year, and then I would say also
just the alumni network, not just in recruiting, but also when I was starting my company, I literally would just cold
call people and be like, “Hi, can you talk to me about solar? “You’re vaguely in the industry, “can you just talk to me about this idea and what you think?” And I was honestly surprised
at how willing people were to spend their time giving
their time to me and giving me advice and helping
me along in that process. So I would say the
network is really helpful, the CDO is really helpful, and also just your network
of students around you are also really helpful. – Thank you. So we received a few questions that are more related to admissions, so I’ll try to address them very quickly. One is about eligibility. “Can students in a master’s program apply to the Silver Scholars program and… Yes, Lukas is the living example of that. There’s only one stipulation, actually. As long as you have not taken time between your bachelor’s
and your master’s degree to work full-time, then, yes, you are
absolutely eligible to apply to the Silver Scholars program. “Can Silver Scholars
receive a scholarship?” Yes, we make the process
actually very, very easy. There is no box to check,
there’s no essay to write. The moment you submit your application, you’re automatically considered for all the scholarship money
that we have available. There’s a question about
testing, GMAT or GRE and what is highest score needed for the Silver Scholars program? So first of all, we accept
both the GMAT and the GRE. We don’t have a preference
for one over the other. It’s completely up to
you which one you want to take and submit to us and we really, truly have no preference, in large parts also because of the number of joint degree students. Every other graduate program at Yale University requires the GRE, so if you have your heart set on the GRE, it’s perfectly fine. You can submit that score to us. “Is a higher score needed?” Because Silver Scholars
come into the program without full-time work experience, we can’t really compare their resumes to those of candidates who have worked for five and six years, which means that we do place a stronger emphasis on academics. Now academics really means
the standardized test score, GMAT or GRE, your academic records, so your transcripts, and the academic letter of recommendation. All of those things
fall under the umbrella of academics and we do put
a lot of stock into that because, again, as I said, we cannot compare your resume
to those of people that are significantly more
experienced professionally. There’s a question about
the best round to apply in. We always say the earlier, the better, but obviously whenever you’re ready. We just finished round one. The application deadline
was September 10th, so we have two more rounds coming up. For the Silver Scholars specifically, we receive the bulk of the applications in round two and three and it doesn’t really matter
so much, statistically, because the Silver Scholars Program itself is not capped, although the total MBA class is capped. We always invite you to submit an application earlier because if you submit in January, you get a decision by the end of March and it’s really better for you because from then on you can
just plan your life better in terms of what you want to do around graduation, over
the summer, and so on. So I think there’s a question here around most MBA programs that allow
college seniors to apply, allow for a deferment of
two to five years, really, and the question is, “Why does SOM prefer
direct matriculation?” And the reason is obviously
we want you to get that first year of the MBA
program under your belt to start immediately applying that job into your internship. So the students that have
complete an internship or are completing an internship, can you maybe speak a little bit to that about some of the lessons
drawn from the core curriculum, from your first year
of the MBA experience, how that has been helpful on the job. – Yeah, sure. So as I said, I was interested
in impact investing. I had a background in economic research and market research, but must much less so in
terms of analyzing a company and doing diligence on a company in order to make an investment. That process was very new to me, but it’s actually something
that we learned about through accounting through, sourcing and managing funds,
through our investor class. These were all core classes
that provided me with a lot of information that I
otherwise would not have known or didn’t really have exposure to, and that I used pretty much
daily on my job my first summer, and then also moving into
working on a startup. I constantly am referring
back to notes on… Accounting for… For my financial modeling skills. All of that was started and built here, and I’m now using that
literally every single day. – Yeah, I frankly don’t totally understand the deferred admission thing. If you’re gonna defer admission and then start two years later, why not just wait and apply then? I didn’t have my life that figured out to know what I would
want to do in two years, but I did know that I
wanted to get the MBA core and I don’t feel like my not
having work experience made it harder for me to do the core, but I would not have
gotten the job that I got if I hadn’t already done the core. Does that makes sense? Yeah, there’s no way I would
have gotten an MBA level role if I hadn’t already done the core, so in that way it’s totally
a career accelerator in the way that the program advertises, and I’m sure Hannah can
support that even more. So, yeah, I think the
model makes total sense and I want more people to do it so that people understand it better, and it becomes a norm. I think it makes sense. – Yeah, I would also echo that. To me it’s less about the the hard skills, that I’m concerned with
more of the soft skills. So in talking to firms, a lot of the questions that
I got asked for recruiting was that why should we offer
you an associate role, right? You’re no longer an analyst, you’re an associate and you’re expected to lead an independent work stream, manage a team of two to
three, three to four people, then it’s really the
soft skills that makes the difference and less about, “Do I really, really know “the exact details of a model?” I personally benefit a lot from learning more the interpersonal dynamics aspect and I think that makes
me stand out compared to other applicants maybe looking for a more two year position, I think. – Yeah, so like I said, I’m about 90% sure I have my job right now because I already had Yale on my resume. So I think the big difference between having something deferred
and getting that first year, yes, you learn a huge number of skills. While you’re there you
learn the soft skills which I definitely think
are more important. I know I matured as a person during that first year, enormously, but what it also does from a
very practical point of view, is it puts a very big name on your resume. Not that I didn’t love
my undergrad school, but it was a state school and
I now have Yale on the resume that is recognized globally and that that is nice. People will reply to your email in a way that they just won’t, and a perfect example… I had actually applied to an internship for one big consulting
company as undergrad and actually, they wouldn’t
even give me an interview. Three weeks after I started at Yale, they invited me for an interview. (laughs) I was like, “Okay,” and I guess I was in their
system as now. I didn’t end up going, but it does make a difference
in terms of just for me, once you’re in the job, it
makes an enormous difference, but it also makes a huge
difference in just opening the door and starting
that conversation in a way that I was really impressed
at how much of a difference it really did make, and so I think having
that advantage is huge. I would also point out that for me, at least because I did completely change my career track during my gap period. I think it also gives you
a level of flexibility and comfort with flexibility
that I don’t think you get from a more traditional route. So for example, one of
the reasons I wanted to do a very unusual program is because it basically
forced you to be different, and I was personally
worried that I was basically going to get… I was in the consulting field at the time, in two consulting… Two to three years promotion, two to three years promotion, two to three years promotion, because you know the
next 10 years your life and that’s really boring and very scary, and it’s very traditional. You don’t stand out. So by forcing you into
an unusual situation, you almost can’t go back
to that traditional path which can be very scary, but at the same time
makes you more flexible and a really good example is when I first started working at Citibank, they actually told me, and they said, “We can only employ you for one year.” Now that turned out to not be true, but they actually said
at the end of this year, “Are you okay not having a job?” And having absolutely no promise from us that you will have a job? And I knew that I could go back to school, so that was okay. It didn’t matter. I had a golden parachute of saying, “Yeah, I can do just one year,” and it turned out to be the
entrance into an amazing career, but you have this opportunity to take maybe only a six month internship or I had a really good
friend who actually took a summer internship with no path to a full-time offer after that. Now it turned out she ended up getting a really amazing offer at another firm, and she continued along the
path of what she wanted to do, but she had no guarantee after about 10 weeks over the summer, but having Yale to fall back on, you can be much more flexible
and the risk is much lower. The worst case scenario
is you go back to Yale. Oh, my God, that’s horrible, and actually, I’ll give a
really good example of that. This was actually an
interview with Bill Gates. People say, “Oh, he
dropped out of Harvard. “He took such a risk,” and his comment was, “No,
the worst case scenario “for me was to go back
to an amazing school,” and that’s kind of the
situation you put yourself in. The absolute worst case
scenario is a scenario that most people would
really, really like. So embrace that flexibility. You get a lot out of it. I got a lot more out of it
than I thought I was going to. – So we only have a few minutes left, but I wanted to ask each one of you to give a quick word of advice to everyone that’s working on
their application right now. As I mentioned we have two
more applications rounds for the 2019-2020 cycle, so just very quickly what
would you advise them? It could be anything either
related to their goals or the application process, anything that helped you looking back at your journey as a candidate, and we’ll start with Hannah again. (laughs) – Yeah, so I guess I would say, one, congratulations
on already being here. Watching this means that you
have some idea of what you want and I think that that’s a huge part of being a college senior
and trying to figure out what that next step is. I guess my piece of advice would be being here already, don’t stress too much. I know senior year in college, if I’m remembering correctly could be a wildly stressful time, and I would say try to use
this application process as a time that will actually benefit you. Use it as a time to… While you’re writing your essay, while you’re thinking about how you wanna speak to admissions, how you wanna speak to people that you meet at these schools. Use this as a time to reflect
on what it is that you want, what it is you’re valuing,
what you’re prioritizing, how you imagine the next
couple years of your life and what you wanna get out of that. Then at the end of this journey of admissions, of application, no matter what happens
that was something that was valuable to you and that you can use moving
forward no matter where you go. – Yeah, I think that’s really right. Kind of what I was gonna say too, but I’ll put a twist on it. One of our professors
here said at one point that you’re not trying to get an offer, you’re trying to get a match. You as talking about in
your employment search, but I think it’s true more broadly. We can get really caught up in, “Oh, am I gonna get into this place? “Which grad programs am I gonna get into? “Which jobs am I gonna get?” And none of that matters. The thing that matters is that you find yourself in the place that is really right for you and so through this process of applying to a million jobs last year. I realized that it’s really
important to be yourself in the process and to be genuine about
what you want to do. That match will happen
if you just do that, so that’s my recommendation. – Again, not too much to add, so I’ll keep mine really short. I think I would advise all of you guys to really be prepared for some challenges because there will be but also be really, really excited for a lot of opportunities. I think the Silver Scholars
program empowers me to do things that I didn’t
know that I could do. So I would really encourage you guys to… Think about that and be excited for what this program can bring to you. – Yeah, I would say the
biggest thing is to be honest when you’re applying. Be yourself and figure
out what you want to do, and be honest in that essay because I totally agree, it does need to be the right match. When I actually got
accepted, I actually went to the school and came
here before I accepted because I wanted to make sure it was the right cultural fit for me, and I think even if you
go to a great school, if it’s not the right fit
for what you want to do, and your personality, it’s still gonna be the wrong decision. So when you’re writing your essays, and when you’re applying,
and when you’re interviewing, just really figure out who you
are and who you want to be, reflect that in everything that you’re presenting to the school, and they are going to know
if it’s the right fit, and also figure out how this
is going to help you become the person you hope to
be in five or ten years. – I could go now, but Hannah’s rolling. (laughs) But rolling on those points maybe, what does it mean pragmatically? I was in a similar situation. Do you try to force this essay to… You have this idea of what
criteria they are looking for, you try to fit into those criteria, but I think what those
come to mean in the end, give yourself the freedom to actually ignore that for a second, just write what you
actually think because we do that actually quite rarely and then you might be surprised by how well you can work with
what you’ve written there, and that makes the process so much easier than trying to write it while having all those constraints and
components in your mind of how you want to write it. – Thank you so much. Thank you everyone for joining us. I’m sorry that we we didn’t
get to all the questions, but you will receive a communication with the recording of the webinar, you’ll get our names and email addresses. So feel free to follow up and ask us some more questions, thank you.

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