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Yale School of Management

The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), Master's Degree in Systemic Risk (SR), Master's Degree in Global Business & Society (GBS), Master's Degree in Asset Management (AM),[5] and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University.

Motto

Novus Ordo Seclorum (Latin)

"A New Order of the Ages"
"Educating Leaders for Business and Society"

1976 (1976)

$1.26 billion[1]

$125.4 million [2]

90 (including joint faculty)[3]

972, including:
666 MBA[3]
70 MAM[4]
134 EMBA[3]
32 MGBS[3]
11 MSR[3]

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 semester-long student exchange programs with HEC Paris, IESE, the London School of Economics, the National University of Singapore Business School, and Tsinghua University. Students may also propose a quarter- or semester-long exchange program with any of the 25 other schools of the Global Network for Advanced Management.[6]

Business Rankings

15

10

18

Academics[edit]

Integrated Curriculum[edit]

For the 2006–07 academic year, the school introduced its "Integrated Curriculum", an effort to move away from the typical "siloed" teaching approach to a more cross-disciplinary curriculum.[10] A multi-year, in-depth case study of the curricular reforms undertaken by Yale SOM demonstrated that while most business school curricular reforms happen at the fringe of the curriculum, mostly as fad, Yale SOM reforms were effective, extensive and substantial (Ashish Jaiswal, 2015).[11][12] The new curriculum is composed of two components: foundational skills classes in a program called "Orientation to Management" that take place during the first semester of the MBA program and a set of classes called "Organizational Perspectives" that take place during the second through fourth quarters of the first academic year and are case- and lecture-focused courses that decompose business components into the perspectives of different stakeholders.[13][14]

Community[edit]

Student life[edit]

Students at the School, like all Yale University students and alumni, are called "Yalies" or "SOMers." They operate more than 40 MBA student clubs.[56] There are career-oriented clubs such as Finance, Private Equity, Investment Management, Technology, Marketing, and Consulting.[56] 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.[56] There are also athletic clubs including soccer, frisbee, crew, rugby, skiing, and squash. SOM participates in the coed MBA ice hockey tournaments during winter months.[56] 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).[57]

Alumni and student giving[edit]

The Yale School of Management raised more than $3.9 million from a record 54.8% alumni in fiscal year 2018, the third straight year of participation of more than 50% of living alumni with an average donation size of $900.[3]


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 University of Virginia Darden School of Business at 42% participation according to 2015 statistics.[58]


The graduating MAM, MBA, and Executive MBA classes of 2016 all had a 100% contribution rate towards their class gifts prior to commencement.[59]

The Center for Business and Environment is a collaboration between the Yale School of Management and the Yale School of Forestry & Environmental Studies

[60]

The Center for Customer Insights

[60]

The International Center for Finance

[60]

The Chief Executive Leadership Institute

[60]

The China India Insights Program

[60]

The Program on Entrepreneurship

[60]

The Program on Social Enterprise

[60]

The Initiative on Leadership and Organization

[60]

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 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.[61]

Timothy Geithner

The Yale Center Beijing is located in the 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.[60]

Chaoyang

The School is home to the following research centers and programs:

Media[edit]

Yale Insights is published by Yale SOM, covering a wide range of topics at the intersection of business and society.[62]


Several podcasts are recorded at SOM, the most famous of which being The Design of Business | the Business of Design, hosted by Yale professors Michael Bierut and Jessica Helfand in coordination with a class they teach at SOM.

Finances[edit]

Loan Repayment[edit]

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.[63] It is the first program of its kind (started in 1986), and "is the most generous loan repayment program among business schools," with over $1.4M in loan forgiveness provided in 2014, and $7.7M from 2010 to 2015.[64]

– American Artist and Designer

William Drenttel

– expert in stock and futures markets, banking, and asset pricing; Editor, Review of Economic Studies

Gary Gorton

– 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

Roger G. Ibbotson

– operations research specialist; recipient of the Lanchester Prize and the Edelman Award

Edward H. Kaplan

– antitrust lawyer with Weil, Gotshal & Manges, proponent of shareholder activism

Ira Millstein

– game theory specialist; co-founder of Honest Tea, Inc., a fast-growing beverage company

Barry Nalebuff

– competitive strategy authority; author of Modern Competitive Analysis

Sharon Oster

– Non-Executive Chairman of Morgan Stanley Asia; former Managing Director and Chief Economist of Morgan Stanley

Stephen Roach

– behavioral finance expert; Nobel Prize winner; 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

Robert Shiller

– President and founder, The Chief Executive Leadership Institute

Jeffrey Sonnenfeld

(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

David Swensen

– pioneer of expectancy theory

Victor Vroom

Donaldson Fellows Program for alumni[edit]

Starting in 2008, the School of Management began recognizing two-year Donaldson Fellows, "graduates whose personal and professional accomplishments embody the school's mission to educate leaders for business and society."[68]

– Chief Operating Officer, MF Global, Inc., and 2010-2011 Donaldson Fellow

Bradley Abelow

– Head of Human Resources, Airbnb & eBay, and 2014-2015 Donaldson Fellow

Beth Axelrod

– Managing General Partner, Blue Wolf Capital Management, and 2008-2009 Donaldson Fellow

Adam Blumenthal

– CEO and co-founder, Humu; former Vice President, People Operations, Google, and 2008-2009 Donaldson Fellow

Laszlo Bock

– President, Berklee College of Music

Roger H. Brown

– CEO and founder, Ripplewood Holdings LLC

Tim Collins (financier)

– Asia Fellow, Milken Institute, and 2018-2019 Donaldson Fellow

Curtis Chin

– CEO, Managing Director, and co-founder, Charlesbank Capital Partners

Michael R. Eisenson

– CEO and co-founder, Amadeus Capital Partners

Anne Glover

– CEO and President, Honest Tea; Chairman, Beyond Meat

Seth Goldman (businessman)

– CEO, Irving Place Capital (formerly Bear Stearns Merchant Banking)

John D. Howard

– CEO and President, Women's World Banking

Mary Ellen Iskenderian

– Administrator, United States General Services Administration

Martha N. Johnson

– founder, Dancing Deer Baking Co.

Trish Karter

– chairman of Shire[69]

Susan Kilsby

– Chairman of Lamont Digital Systems, 89th Governor of Connecticut

Ned Lamont

– Founder and Managing Partner, Hillhouse Capital Group, donated $8,888,888 to Yale SOM

Zhang Lei

– Co-founder and retired CEO, CarMax

Austin Ligon

– CEO and President, Harvard Management Company

Jane Mendillo

– Director, MySpace China; former VP, News Corporation; wife of Rupert Murdoch

Wendi Deng Murdoch

– former CEO, PepsiCo, Inc.

Indra Nooyi

– Executive Chairman and Co-Founder, Databank Financial Services, Ltd. (Ghana), and 2010-2011 Donaldson Fellow

Ken Ofori-Atta

– Chair, McAllister Olivarius, and 2016-2017 Donaldson Fellow

Ann Olivarius

– Director of Education, Postsecondary Success, Special Initiatives, U.S. Programs, Bill & Melinda Gates Foundation, and 2010-2011 Donaldson Fellow

Hilary Pennington

- American businesswoman and advocate for cannabis reform

Tahira Rehmatullah

– Philanthropist on whom the title character of NBC TV show The Philanthropist is loosely based

Bobby Sager

– Writer Chanakya's Chant The Rozabal Line

Ashwin Sanghi

- Managing Partner and Co-founder, HongShan

Neil Shen

– Professor and Director of Global Leadership, Tsinghua University; Senior Advisor and Former President and Co-COO, Goldman Sachs

John L. Thornton

– CEO and Co-founder, Veritas Prep

Chad Troutwine

– CEO, Metropolitan Museum of Art; former President, Haverford College; former President, Lafayette College

Daniel Weiss

As of 2019, there are over 8,692 alumni.[3]

, a Yale SOM publication

Yale Insights

Economics

Glossary of economics

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

Official site