Yale School of Management
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|Yale School of Management|
Yale SOM Logo
|Motto||Novus Ordo Seclorum|
|Motto in English||"A New Order of the Ages" "Educating Leaders for Business and Society"|
|Type||Private business school|
|Academic affiliation||Yale University|
|Location||New Haven, Connecticut, USA
|Dean||Edward A. Snyder|
|Academic staff||98 (including joint faculty)|
|Postgraduates||782 ('16–17) (655 MBA, 64 MAM and 63 MBA-E)|
The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University and is located on Whitney Avenue in New Haven, Connecticut, United States. The School awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), and Ph.D. degrees, as well as joint degrees with nine other gradate programs at Yale University. As of August 2015, 668 students were enrolled in its MBA program, 114 in the EMBA program, 63 in the MAM program, and 51 in the PhD program; 122 students were pursuing joint degrees. The School has 90 faculty members (including joint and visiting faculty) and the dean is Edward A. Snyder.
The School conducts education and research in leadership, behavioral economics, operations management, marketing, entrepreneurship, organizational behavior, and other areas. The EMBA program offers focused study in healthcare, asset management, or sustainability. The School also offers student exchange programs with HEC Paris, IESE, IE Business School, the London School of Economics, the National University of Singapore Business School, and Tsinghua University.
- 1 History
- 2 Campus
- 3 MAM program
- 4 MBA program
- 4.1 Integrated Curriculum
- 4.2 Global Studies Requirement
- 4.3 Leadership Development Program
- 4.4 MBA for Executives
- 4.5 Rankings
- 4.6 Admission
- 4.7 Employment statistics
- 4.8 Joint-degree and scholarship programs
- 4.9 Student life
- 4.10 Alumni Giving
- 5 Doctoral program
- 6 Global Pre-MBA Leadership Program
- 7 Research and endowment
- 8 Prominent faculty
- 9 Notable alumni
- 10 See also
- 11 Notes
- 12 External links
The Yale School of Management has its origins in efforts in the 1950s and ’60s to expand the university’s coursework offerings in the management of businesses and other large, increasingly complex organizations. Upon the death of Frederick W. Beinecke, PhB 1909, in 1971, Yale University received a bequest for the creation of a program in management. The Yale Corporation approved the establishment of a School of Organization and Management two years later, which would confer a master’s degree in public and private management (MPPM).
With its first class of students arriving in 1971, the new school offered a two-year program designed to train leaders who could be effective in the business, government, and nonprofit sectors, and who would have the skills, understanding, and perspective to move among those sectors effectively.
Following evolution in the practice and instruction of management in higher education, the school changed its name to the Yale School of Management in 1994. The year 1999 brought the offering of a master of business administration (MBA) degree while the school maintained its multi-sectoral focus.
Yale SOM launched an MBA for Executives for healthcare professionals in 2005, and in 2006 it introduced SOM's integrated core curriculum, which is designed to prepare leaders for cross-functional environments in modern businesses and organizations. The integrated core is a set of mandatory team-taught classes taken during the first year of MBA study focusing on solving business problems from stakeholder's perspectives (Such as "the Employee," "the Competitor," and "the Executive"), in contrast to traditional business school courses that are more segmented and less integrated.
Concurrently in 2012, SOM launched the Global Network for Advanced Management (GNAM) and the Master of Advanced Management (MAM) program, a one-year program in advanced leadership and management, open to students who have earned or are earning an MBA or equivalent degree from GNAM member schools.
In 2014, Yale SOM enrolled its first class of students in an expanded MBA for Executives program, offering the Yale MBA integrated core along with advanced study in asset management, healthcare, or sustainability. That same year, SOM's new building, Evans Hall, opened.
Edward P. Evans Hall, a 249,743-square-foot building named after the Yale alumnus who donated $50 million to the school, is the new home for Yale School of Management as of January 2014. The building, capturing the retro-futuristic bimorphic architectural spirit, is situated at the northern end of the Yale University campus at 165 Whitney Avenue on 4.25 acres and cost a reported $189 million.
An inaugural conference entitled "Business + Society: Leadership in an Increasingly Complex World" marked the opening of the new campus. The three-day conference examined major trends transforming markets and organizations around the world.
The building was designed by Foster + Partners, Design Architect with Gruzen Samton, Architect of Record. Foster + Partners is the firm chaired by Pritzker Architecture Prize Laureate Lord Norman Foster ARCH ’62. Edward P. Evans Hall houses technology-enabled classrooms, faculty offices, academic centers, and student and meeting spaces organized around an enclosed courtyard. The design is intended to create a teaching and learning environment that will support the school’s integrated MBA curriculum and connect the Yale SOM community.
The Master of Advanced Management program is a one-year program for students from Global Network for Advanced Management schools who want to deepen their understanding of the most complex management issues facing leaders worldwide.
MAM students participate in a required series of courses and discussions oriented around major trends in global business and the role of business leaders, and customize their experience by choosing electives from throughout Yale University.
For the 2006–2007 academic year, the School introduced its Integrated Curriculum, an effort to move away from the typical "siloed" teaching approach to a more integrated perspective. The new curriculum is unique among those offered by leading business schools as it is designed to reflect the contexts encountered by today's leaders to prepare students for different scenarios and environments in the global economy. Courses in this first year curriculum are taught in two primary segments: Orientation to Management and Organizational Perspectives.
Orientation to Management
The Orientation to Management is the first segment of the curriculum, which introduces students to core concepts and business skills. The constituent courses include Managing Groups and Teams, Global Virtual Teams, Basics of Accounting, Probability Modeling and Statistics, Basics of Economics, Modeling Managerial Decisions, and Introduction to Negotiation.
The core of the integrated curriculum and first-year experience is a series of multi-disciplinary, team-taught master classes called Organizational Perspectives. These courses include Employee, Innovator, Operations Engine, Sourcing and Managing Funds, Competitor, Customer, Investor, The Global Macro-economy, and State and Society. The final Organizational Perspectives Course, the Executive, invites students to evaluate and solve a series of case studies involving cross-national or global business challenges and draw on the subject matter taught in the other Organizational Perspectives courses and Orientation to Management skills.
The Organizational Perspectives courses draw from multi-media "raw" cases developed by SOM and the Global Network for Advanced Management peer schools on topics from real-world challenges facing business, government, and nonprofit organizations.
MBA Candidates are able to take electives courses at the School of Management during their second semester of their first year and all throughout their second year. These electives include traditional instruction as well as independent reading and research with professors and instructors.
Unlike many other business schools, at SOM students are also permitted to enroll in classes offered by another school at Yale University including the Yale Graduate School of Arts and Sciences, Yale Law School, Yale School of Public Health, and undergrad classes at Yale College.
Global Studies Requirement
MBA candidates are required to complete a Global Studies Requirement prior to graduation. This requirement can be fulfilled a number of ways including an International Experience Course, a Global Network Week, a Global Network Course, The Global Social Entrepreneurship Course, the Global Social Enterprise Course, or a term-long international exchange with a partner school.
Leadership Development Program
All Yale School of Management students participate in the Leadership Development Program that commences during orientation and continues throughout their tenure at SOM. The curriculum is composed of a series of graded classes, assessments, group and individual meetings, and professional coaching opportunities to develop each student's leadership style and potential.
During their first year, MBA candidates take the Leadership Fundamentals course in the fall and the Advanced Leadership course in the spring. Second-year students complete a year-long practicum overseen by leadership coaches and professionals.
MBA for Executives
The MBA for Executives at SOM during the 2015–2016 academic year includes 63 students, 41% of whom are women. Graduates of the MBA for Executives program go through the full integrated core curriculum and leadership development program. They also take advanced management courses as well as colloquia and advanced courses in one of three areas of focus: healthcare, asset management, or sustainability.
|Business School Ranking|
|U.S. News & World Report||13|
- #11 Bloomberg Businessweek, 2015 MBA Rankings
- #10 Poets & Quants, 2015 MBA Rankings
- #9 Financial Times, 2015 US MBA programs (#17 globally)
- #9 in US, #11 Worldwide Business Insider 2014 Best Business Schools
- #11 in the U.S. in the 2015 QS Global 200 Business Schools Report
- #13 U.S. News & World Report
- #1 for Nonprofit
- #13 The Economist, US MBA Programs (#19 globally)
- #11 Forbes, 2015 Rankings 
Admission requirements for the MBA include an earned four-year bachelor's degree from an accredited U.S. institution or the international equivalent, completion of an online application form and essay, GMAT or GRE score, academic transcripts, two professional recommendations, and completion of video questions. The application process has three rounds.
During the 2014–2015 applications cycle for the MBA Class of 2017, applications were up 25%. The MBA Class of 2017 has a median GMAT score of 720 with the middle 80% GMAT range being 690–760 and a median undergraduate GPA of 3.6 with a middle 80% undergrad GPA range of 3.23–3.88. The 326 members of the Class of 2017 are made up of 40% women, 40% international students, and 10% under-represented U.S. minorities.
|Class||MBA Class of '17||MBA Class of '16||MBA Class of '15|
|Middle 80% GMAT range||690–760||680–760||690–740|
|Median undergrad GPA||3.6||3.56||3.6|
|80% undergrad GPA||3.23–3.88||3.17–3.87||3.36–3.8|
For the MBA Class of 2014, the full-time median salary upon graduation was $110,000 with median other guaranteed compensation being $35,000.
Joint-degree and scholarship programs
The School's joint-degree programs include the MBA/JD with Yale Law School, MBA/MD with Yale School of Medicine, MBA/PhD with Yale Graduate School of Arts and Sciences, MBA/MEM or MF with Yale School of Forestry and Environmental Studies, MBA/MArch with Yale School of Architecture, MBA/MFA with Yale School of Drama, MBA/MDiv or MBA/MAR with Yale Divinity School, MBA/MPH with Yale School of Public Health, and MBA/MA in Global Affairs with the Jackson Institute for Global Affairs.
The School also offers the Silver Scholars Program for exceptional college seniors. Silver Scholars matriculate immediately from undergrad into the School of management and participate in a one-year internship after completing the first year of the Integrated Core Curriculum. Following their internship, Silver Scholars return to campus to complete their MBA coursework. In some circumstances, Silver Scholars receive permission to extend their internships by an additional year.
Graduates who meet income eligibility requirements and who work full-time for government or nonprofit organizations can receive full or partial loan reimbursement for their annual debt repayment on need-based loans.
Students at the School, like all Yale University students and alumni, are called "Yalies" or "Elis" after Elihu Yale; they are also known as "SOMers." They operate more than 40 MBA student clubs. There are career-oriented clubs such as Finance, Private Equity, Investment Management, Technology, Marketing, and Consulting. There are clinic-type clubs, such as Global Social Enterprise and Outreach Nonprofit Consulting, through which students complete pro bono consulting engagements with local and international non-profits. There are also athletic clubs including soccer, frisbee, crew, skiing, and squash. SOM participates in the coed MBA ice hockey tournaments during winter months. The Yale SOM Cup soccer tournament is held in October and attracts clubs from numerous top business schools. Each November, many students attend the Harvard-Yale football game (known as "The Game"), the location of which alternates each year between New Haven and Cambridge. Yale MBA students, like other members of the Yale graduate student community, frequent Gryphon’s Pub, the bar owned and operated by GPSCY (Graduate and Professional Students Center at Yale).
The Yale School of Management raised more than $3 million from a record 51.5% alumni in fiscal year 2015. SOM is the business school with the second-highest alumni participation in annual charitable contributions, behind Dartmouth Tuck School of Business at 70+% contribution and ahead of the The University of Virginia Darden School of Business at 42% participation
The doctoral program at Yale SOM is a full-time, in-residence program intended for students who plan scholarly careers involving research and teaching in management. There are five major tracks for PhD students follow at SOM: Accounting, Finance, Marketing, Operations, and Organizations and Management.
The program is designed to be completed in four or five years. The curriculum for the first two years of PhD candidates is composed of 14 courses . The program is small and admits only a few highly qualified students each year; there are currently 51 doctoral candidates in the program.
Global Pre-MBA Leadership Program
The school offers a Global Pre-MBA Leadership Program that introduces recent college undergraduates from cultural backgrounds that are under-represented in graduate management education to the benefits of an MBA degree.
Research and endowment
The School is home to the following research centers and programs:
- The Center for Business and Environment is a collaboration between the Yale School of Management and the Yale School of Forestry & Environmental Studies, providing a structure for research, education, and outreach for business solutions to global environmental problems.
- The Center for Customer Insights facilitates interaction between marketing executives and multidisciplinary academic scholars regarding the evolving dynamics of customer behavior.
- The International Center for Finance provides support for research in financial economics by its fellows and disseminates their work to the world's academic and professional communities.
- The Chief Executive Leadership Institute brings business leaders, policymakers and academics to foster canddi confidential discussions about emerging leadership issues and societal concerns.
- The China India Insights Program is a research-based program delivering insights on business issues relating to emerging markets including China and India. This initiative involves academic research with corporate and academic partners, a speaker series and an annual conference.
- The Program on Entrepreneurship supports entrepreneurs throughout all of Yale University by connecting students with mentors, providing workshops and workspace for entrepreneurs, hosting events, and developing courses and curricula for students studying entrepreneurship.
- The Program on Social Enterprise supports scholars, students, alumni, and practitioners interested in exploring how business skills and disciplines can be harnessed to achieve social objectives in the nonprofit public social sector and private social sector.
- The Yale Center Beijing is located in the Chaoyang district of Beijing and supports research and study from each of the University's schools and divisions and serves as a gathering place for alumni from throughout Asia.
- The Initiative on Leadership and Organization works to advance research into leadership and organizations, supporting work that uses multidisciplinary approaches to investigate topics of pressing interest to organizations and leaders.
- The Yale Program on Financial Stability provides research and training regarding risk management in global financial markets. Regular panels are convened with participants including former Secretaries of the Treasury Timothy Geithner and Henry Paulson, and former Federal Reserve Chairman Ben Bernanke. Typical participants for master classes hosted by the Program on Financial Stability include members from over 20 central banks and several non-central bank organizations including the Federal Deposit Insurance Corporation.
|1||William H. Donaldson||(1975–1980)|
|2||Geoffrey C. Hazard, Jr.||(1980–1981)|
|3||Burton G. Malkiel||(1981–1987)|
|4||Merton J. Peck||(1987–1988)|
|5||Michael E. Levine||(1988–1992)|
|9||Joel M. Podolny||(2005–2008)|
- David M. Cromwell – former president and CEO of JPMorgan Capital Corporation
- Frank J. Fabozzi – Editor, Journal of Portfolio Management; prolific investment book author
- Jeffrey Garten – former Under Secretary of Commerce for International Trade
- Gary Gorton – expert in stock and futures markets, banking, and asset pricing; Editor, Review of Economic Studies
- Roger G. Ibbotson – Chairman, Chief Investment Officer, and co-founder of Zebra Capital Management, LLC, an equity hedge fund management firm; founder of Ibbotson Associates (a division of Morningstar, Inc.); financial markets expert and co-author of Global Investing
- Edward H. Kaplan – operations research specialist; recipient of the Lanchester Prize and the Edelman Award
- Barry Nalebuff – game theory specialist; co-founder of Honest Tea, Inc., a fast-growing beverage company
- Sharon Oster – competitive strategy authority; author of Modern Competitive Analysis
- Stephen Roach – Non-Executive Chairman of Morgan Stanley Asia; former Managing Director and Chief Economist of Morgan Stanley
- Robert Shiller – behavioral finance expert; Chief Economist and co-founder of MacroMarkets, LLC, a financial markets firm; author of Irrational Exuberance, Market Volatility, The New Financial Order: Risk In The 21st Century, and Macro Markets; co-developer of the Case-Shiller index
- Jeffrey Sonnenfeld – President and founder, The Chief Executive Leadership Institute
- David Swensen (adjunct) – Yale University Chief Investment Officer; manager of US $18 billion university endowment portfolio; developer of the Yale Model of investing; author of Pioneering Portfolio Management
- Arthur Swersey – specialist in production and inventory management, quality management, and mathematical modeling
- Victor Vroom – pioneer of expectancy theory
- Martin J. Whitman (adjunct) – Chairman, Chief Executive Officer, and Chief Investment Officer of Third Avenue Funds; author of The Aggressive Conservative Investor and Value Investing
- Richard N. Foster – Emeritus Director, McKinsey & Company; Founded healthcare, technology and innovation and private equity practices at McKinsey; Author of the books: The Attacker’s Advantage (1986) and Creative Destruction (2001)
Also see: List of Yale University people
- Tom Ascheim – Former CEO, Newsweek, Inc., President, ABC Family
- Laszlo Bock – Vice President, People Operations, Google
- Martha Brooks – Past President & COO, Novelis and Director of Harley Davidson, Bombardier, Jabril
- Roger H. Brown – President, Berklee College of Music
- Joaquin Avila – Managing Partner at EMX Capital, Former Fund Head at Carlyle Group Mexico, Former Managing Director and Head of Latin America at Lehman Brothers.
- Gitendra E. Chitty - Cofounder & Principal - K2G Global Partners, Cofounder & General Partner, Bulldog Innovation Group Author [[Coincidentally]]
- Tim Collins (financier) – CEO and founder, Ripplewood Holdings LLC
- David S. Daniel – CEO, Spencer Stuart & Co.
- Michael R. Eisenson – CEO, Managing Director, and co-founder, Charlesbank Capital Partners
- Kirk Fansher - Cofounder, Bulldog Innovation Group
- James Firestone – President, Corporate Operations, Xerox
- Donald Gips – United States Ambassador to South Africa
- Anne Glover – CEO and co-founder, Amadeus Capital Partners
- Andrew K. Golden – President, Princeton University Investment Company
- Seth Goldman (businessman) – CEO and President, Honest Tea
- Jack Griffin – CEO, Time, Inc.
- John D. Howard – CEO, Irving Place Capital (formerly Bear Stearns Merchant Banking)
- Mary Ellen Iskenderian – CEO and President, Women's World Banking
- Martha N. Johnson – Administrator, United States General Services Administration
- Ellis Jones – CEO, Wasserstein & Co.
- Trish Karter, founder of the Dancing Deer Baking Co.
- Richard Kauffman – Chairman, Levi Strauss & Co.
- Neal Keny-Guyer – CEO, Mercy Corps
- James P. Kelley – President, Vestar Capital Partners
- Ned Lamont – Chairman of Lamont Digital Systems, political challenger to Joe Lieberman
- Austin Ligon – Co-founder and retired CEO, CarMax
- Constance McKee – CEO, President, and founder, Asilomar Pharmaceuticals
- Linda Mason – Chairman and founder, Bright Horizons Family Solutions
- Jane Mendillo – CEO and President, Harvard Management Company
- Wendi Deng Murdoch – Director, MySpace China; former VP, News Corporation; wife of Rupert Murdoch
- Ranji H. Nagaswami – Chief Investment Officer, AllianceBernstein Fund Investors
- Indra Nooyi – CEO, PepsiCo, Inc.
- Rob Quartel - CEO, NTELX, Inc., Co-founder of Bulldog Innovation Group
- Daniel S. O'Connell – CEO and founder, Vestar Capital Partners
- Jay Readey - Executive Director of the Chicago Lawyer's Committee for Civil Rights Under Law, Cofounder of Bulldog Innovation Group
- Bobby Sager – title character of NBC TV show The Philanthropist is loosely based on Sager.
- Nanpeng (Neil) Shen – Co-founder of Ctrip.com, founding managing partner of Sequoia Capital China
- D. Ellen Shuman – Chief Investment Officer, Carnegie Corporation
- Dean Takahashi – Senior Director of Investments, Yale Investments Office
- Ashwin Sanghi – Writer Chanakya's Chant The Rozabal Line
- John L. Thornton – Professor and Director of Global Leadership, Tsinghua University; Senior Advisor and Former President and Co-COO, Goldman Sachs
- Chad Troutwine – CEO and Co-founder, Veritas Prep
- Sandra Urie – CEO and President, Cambridge Associates
- David P. Warren – CFO, NASDAQ
- Daniel Weiss – President, Haverford College
- Lei Zhang – Founder and Managing Partner, Hillhouse Capital Management, recently made $8,888,888 contribution to Yale SOM
|Wikimedia Commons has media related to Yale University.|
- Yale Insights, a Yale SOM publication
- List of United States business school rankings
- List of business schools in the United States
- Yale Club of New York City
- Yale Corporation
- Yale Publishing Course
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- Official site
- Yale Chief Executive Leadership Institute
- Yale MBA for Executives
- Yale MBA Program
- Yale Joint Degrees
- Yale Master of Advanced Management
- Yale Executive Education
- Yale SOM PhD program