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History and Mission

The mission of the Yale School of Management is educating leaders for business and society. In keeping with this mission, Yale SOM educates purposeful leaders who pursue their work with integrity; who are equipped to contribute to all sectors of society—public, private, nonprofit, and entrepreneurial; and who understand complexity within and among societies in an increasingly global world. The School’s students, faculty, and alumni are committed to understanding the forces transforming global markets, and using that understanding to build organizations that contribute lasting value to society.

The Yale School of Management has its origins in efforts in the 1950s and ’60s to expand the University’s training in the management of businesses and other large, increasingly complex organizations.

In 1971 the University received a bequest from the estate of Frederick W. Beinecke, Ph.B. 1909, for the creation of a program in management. Two years later, the Yale Corporation approved the creation of a School of Organization and Management, which would confer a master’s degree in public and private management (M.P.P.M.). The first class arrived in the fall of 1976.

The new school offered a two-year program designed to train managers 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. “Business and government are growing more interrelated,” an early admissions catalog said, “requiring effective managers in each sector, public and private, to understand in depth the goals and operations of the other.”

In 1994 the School changed its name to the Yale School of Management. In 1999 it began offering a master of business administration (M.B.A.) degree, while maintaining its multi-sectoral focus.

In 2006 the School introduced an integrated core curriculum, designed to train leaders for the cross-functional environment of contemporary organizations. In multi­disciplinary, team-taught core courses, students learn to draw on a broad range of information, tools, and skills to develop creative solutions and make strategic decisions.

The School’s degree programs include the full-time M.B.A. program; a Ph.D. program, which confers degrees through the Graduate School of Arts and Sciences; an executive-format M.B.A. program for healthcare professionals, launched in 2005; and the Master of Advanced Management (M.A.M.) program, a one-year program in advanced leadership and management, launched in 2012. The M.A.M program is open to those who have earned or are earning an M.B.A. or equivalent degree from Yale’s partners in the Global Network for Advanced Management, an international consortium of business schools.

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Deans of the Yale School of Management

1975–1980

William H. Donaldson

1980–1981

Geoffrey Hazard, Jr., Acting Dean

1981–1987

Burton G. Malkiel

1987–1988

Merton J. Peck, Acting Dean

1988–1992

Michael E. Levine

1992–1994

Paul MacAvoy

1994–1995

Stanley J. Garstka, Jr., Acting Dean

1995–2005

Jeffrey E. Garten

2005–2008

Joel M. Podolny

2008–2011

Sharon M. Oster

2011–

Edward A. Snyder

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Board of Advisors

The dean and administration of the Yale School of Management receive ongoing counsel from its Board of Advisors, a group of accomplished Yale School of Management and Yale University alumni and other supporters of the School’s mission. The honorary chair of the board is William H. Donaldson, B.A. 1953, the School’s founding dean. The chair is Timothy C. Collins ’82, founder, CEO, and senior managing director, Ripplewood Holdings LLC.

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Facilities

In fall 2013, the Yale School of Management is housed in four nineteenth-century mansions on Hillhouse Avenue; the Watson Center, a 1961 International Style building at 60 Sachem Street designed by Gordon Bunshaft of Skidmore, Owings & Merrill; and Founders Hall, a converted carriage house at 135 Prospect Street. Founders Hall, two of the Hillhouse Avenue mansions, and the Watson Center are joined into one complex designed by Edward Larrabee Barnes and completed in 1979.

Starting in January 2014, the School will be located in Edward P. Evans Hall, a new campus designed by Lord Norman Foster, M.Arch. 1962, and named in recognition of a generous gift made by Edward P. Evans, B.A. 1964. The 242,000-square-foot building, located at 165 Whitney Avenue opposite the Peabody Museum of Natural History, features a glass facade, an interior courtyard, and sixteen state-of-the-art classrooms.

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Centers and Programs

Yale Center for Corporate Governance

The Yale Center for Corporate Governance sponsors research and discussions to explore how corporate governance can better enable the corporation to be competitive in its markets and to enhance society.

Center for Customer Insights

The Center for Customer Insights facilitates interaction between marketing executives and academic scholars from many disciplines who share an underlying interest in understanding customer behavior and marketplace dynamics.

International Center for Finance

The International Center for Finance provides active support for research in financial economics by its fellows—leading scholars within and outside of Yale SOM—and disseminates their work to the world’s academic and professional communities.

Program on Social Enterprise

The Program on Social Enterprise (PSE) supports scholars, students, alumni, and practitioners interested in exploring how business skills and disciplines can be harnessed to most effectively and efficiently achieve social objectives. PSE facilitates work on nonprofit and public sector social entrepreneurship, as well as initiatives in private sector social enterprise.

Center for Business and the Environment

The Center for Business and the Environment at Yale joins the strengths of the Yale School of Management and the Yale School of Forestry & Environmental Studies. The center provides a focal point for research, education, and outreach to advance business solutions to global environmental problems.

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