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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.

In April 2012 Yale SOM convened the Global Network for Advanced Management, a consortium of business schools in both established and developing economies. The network creates an organizational structure that connects member schools representing diverse regions, countries, and cultures for the purpose of preparing global leaders in all sectors who understand how markets and organizations work in increasingly complex contexts. Yale SOM and member schools offer weeklong network exchange programs and online graduate-level network courses, while faculty collaborate on cases and other teaching materials.

The School’s degree programs include the 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, launched in 2005, which combines the M.B.A. integrated core curriculum and leadership development program with advanced study in asset management, healthcare, or sustainability; 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 only 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.

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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 leadership of the Yale School of Management receive ongoing counsel from its Board of Advisors, Greater China Board of Advisors, and Global Diversity Advisory Council. All are composed of accomplished Yale School of Management and Yale University alumni and other supporters of the School’s mission. The honorary chair of the Board of Advisors 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. The cochairs of the Greater China Board of Advisors are Liang Meng ’97 and Kevin Y. Zhang ’94, managing partners, Ascendent Capital Partners Ltd.

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Facilities

The School is located in Edward P. Evans Hall, 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, which opened in January 2014, is located at 165 Whitney Avenue opposite the Peabody Museum of Natural History. It features a glass facade, an interior courtyard, and sixteen state-of-the-art classrooms.

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Centers and Programs

Yale 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.

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 the evolving dynamics of customer behavior.

International Center for Finance

The International Center for Finance provides active support for research in financial economics by its fellows and disseminates their work to the world’s academic and professional communities. The center’s fellowship is composed of leading scholars in and outside of the Yale School of Management who work on key empirical and theoretical problems in financial economics.

Chief Executive Leadership Institute

The Chief Executive Leadership Institute brings together top business leaders and policy makers, as well as leading academics, to foster candid, off-the-record exchanges among participants. It features applied research and peer-driven learning through lively exchanges—candid, confidential discussions of timely global business leadership challenges and compelling societal concerns.

China India Insights Program

The China India Insights Program seeks to be the world’s leading research-based program delivering insights on business issues relating to China and India and emerging markets more generally. Program initiatives include academic research conducted by faculty fellows, collaborative research with leading corporate and academic partners, a flagship annual conference, and a speaker series.

Program on Entrepreneurship

The Program on Entrepreneurship supports entrepreneurs throughout Yale University by connecting students with mentors, providing working space for student ventures, hosting events, and developing courses for the entrepreneurship curriculum at the School of Management.

Program on Financial Stability

The Program on Financial Stability seeks to bridge gaps in the current research on financial stability and to build a community of study and discussion, including both scholars and regulators, around these issues. Conferences and seminars bring together leading academics and regulators from around the world, while a series of case studies will examine in detail how firms respond to regulation in order to better inform regulatory decision making.

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.

China Enterprise Initiative

Yale University has had close ties to China for more than a century. Through the China Enterprise Initiative and other efforts, Yale SOM engages with Chinese business and government leaders across a range of industries and regions. The School also engages with Chinese scholars and enterprises through the Global Network for Advanced Management to improve teaching and understanding of the challenges posed by increasingly interconnected and complex global markets.

Initiative on Leadership and Organization

The activities of the Initiative on Leadership and Organization are aimed at advancing research into leadership and organizations that is academically rigorous and addresses important questions for business and society. In particular, the initiative supports work that uses multidisciplinary approaches to investigate topics of pressing interest to contemporary organizations and leaders.

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