The Yale School of Management (also known as Yale SOM) is the
graduate business school
A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management. A business school may also be referred to as school of management, management school, s ...
of
Yale University
Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...
, a
private
Private or privates may refer to:
Music
* "In Private", by Dusty Springfield from the 1990 album ''Reputation''
* Private (band), a Denmark-based band
* "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded ...
research university
A research university or a research-intensive university is a university that is committed to research as a central part of its mission. They are "the key sites of Knowledge production modes, knowledge production", along with "intergenerational ...
in
New Haven, Connecticut
New Haven is a city of the U.S. state of Connecticut. It is located on New Haven Harbor on the northern shore of Long Island Sound. With a population of 135,081 as determined by the 2020 United States census, 2020 U.S. census, New Haven is List ...
. The school awards the
Master of Business Administration
A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular ...
(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), and
Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University. The Yale School of Management is one of six
Ivy League Business Schools.
The school conducts education and research in
leadership
Leadership, is defined as the ability of an individual, group, or organization to "", influence, or guide other individuals, teams, or organizations.
"Leadership" is a contested term. Specialist literature debates various viewpoints on the co ...
,
behavioral economics
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economi ...
,
operations management
Operations management is concerned with designing and controlling the production (economics), production of good (economics), goods and service (economics), services, ensuring that businesses are efficiency, efficient in using resources to meet ...
,
marketing
Marketing is the act of acquiring, satisfying and retaining customers. It is one of the primary components of Business administration, business management and commerce.
Marketing is usually conducted by the seller, typically a retailer or ma ...
,
entrepreneurship
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones.
An entrepreneu ...
,
organizational behavior
Organizational behavior or organisational behaviour (see American and British English spelling differences, spelling differences) is the "study of human behavior in organizational settings, the interface between human behavior and the organiza ...
, 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
HEC Paris () is a business school and ''grande école'' located in Jouy-en-Josas, a southwestern outer suburb of Paris, France. It offers Bachelor, MiM, MSc in International Finance, MBA, EMBA, executive education, professional developm ...
,
IESE
IESE Business School is the Catholic graduate business school of the University of Navarra. It was established in Barcelona in 1958 by Opus Dei. From 1963, in collaboration with Harvard Business School, it offers a two-year Master of Business Adm ...
, the
London School of Economics
The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...
, the
National University of Singapore Business School, and
Tsinghua University
Tsinghua University (THU) is a public university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of China. The university is part of Project 211, Project 985, and the Double First-Class Constructio ...
. 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
The Global Network for Advanced Management is a collaboration of graduate schools of business that seeks to foster intellectual ties among business schools, students and deans from both economically strong regions and those on the horizon of econo ...
.
History
Beginning in the 1950s, Yale University started to expand coursework offerings in business and organization management. A precursor to the School of Management, the Department of Industrial Administration, grew out of the
Labor and Management Center, and conferred the master in industrial administration from 1958 through 1973. Professors Thomas Holmes,
Chris Argyris
Chris Argyris (July 16, 1923 – November 16, 2013) was an American business theorist and professor at Yale School of Management and Harvard Business School. Argyris, like Richard Beckhard, Edgar Schein and Warren Bennis, is known as a co-foun ...
, and David Votaw were instrumental in founding the MIA. In 1971, Yale University received a donation establishing a program in management from
Frederick W. Beinecke, PhB 1909. Arriving in 1976, the first class of the two-year program that awarded a master's degree in public and private management (MPPM) attended the campus on Hillhouse Avenue.
Historically known for its strength in studies regarding nonprofits and the public sector, the school's focus began to evolve and changed its name to the Yale School of Management in 1994.
Shortly thereafter in 1999, the School began offering a master of business (MBA) degree and discontinued the MPPM degree.
Yale SOM launched an executive MBA program for healthcare professionals in 2005, and in 2006, it introduced its mandatory, team-taught "Integrated Curriculum" for all MBA students.

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 in January, SOM's new building, Edward P. Evans Hall, opened at 165 Whitney Avenue, one block away from the old campus on Hillhouse Avenue.
Foster and Partners
Foster and Partners (also Foster + Partners) is a British international architecture firm with its headquarters in London, England. It was founded in 1967 by British architect and designer Norman Foster. The firm has been involved in the desig ...
, the firm chaired by
Pritzker Architecture Prize
The Pritzker Architecture Prize is an international award presented annually "to honor a living architect or architects whose built work demonstrates a combination of those qualities of talent, vision and commitment which has produced consisten ...
Laureate
Lord Norman Foster
Norman Robert Foster, Baron Foster of Thames Bank (born 1 June 1935) is an English architect. Closely associated with the development of high-tech architecture, Lord Foster is recognised as a key figure in British modernist architecture. His ...
ARCH ’62, designed the building with Gruzen Samton stated as the Architect of Record. Edward P. Evans Hall houses technology-enabled classrooms, faculty offices, academic centers, and student and meeting spaces organized around an enclosed courtyard.
Academics
Integrated Curriculum
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. 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). 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.
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.
Organizational Perspectives
Organizational Perspectives is a series of interdisciplinary, team-taught master classes that make up the majority of required MBA courses at SOM. 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, focuses on solving 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 are both in lecture and case format which include cases from multi-media "raw" cases developed by SOM and the
Global Network for Advanced Management
The Global Network for Advanced Management is a collaboration of graduate schools of business that seeks to foster intellectual ties among business schools, students and deans from both economically strong regions and those on the horizon of econo ...
.
Electives
MBA candidates are able to take electives courses at the School of Management commencing during the second semester of the MBA candidates' first year of instruction and during their entire second year of study.
These electives include pedagogy drawing from traditional lecture and case-based instruction as well as includes independent reading and research with professors and instructors.
SOM students are also permitted to enroll in the classes offered by other graduate and professional schools and at Yale University including the
Yale Graduate School of Arts and Sciences
The Yale Graduate School of Arts and Sciences is the graduate school of Yale University. Founded in 1847, it is the oldest graduate school in North America, and was the first North American graduate school to confer a Doctor of Philosophy (Ph.D ...
,
Yale Law School
Yale Law School (YLS) is the law school of Yale University, a Private university, private research university in New Haven, Connecticut. It was established in 1824. The 2020–21 acceptance rate was 4%, the lowest of any law school in the United ...
,
Yale School of Public Health
The Yale School of Public Health (YSPH) was founded in 1915 by Charles-Edward Amory Winslow and is one of the oldest public health masters programs in the United States. YSPH is both a department (established in 1915) within the school of medic ...
, and undergrad classes at
Yale College
Yale College is the undergraduate college of Yale University. Founded in 1701, it is the original school of the university. Although other Yale schools were founded as early as 1810, all of Yale was officially known as Yale College until 1887, ...
.
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.
Admission
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, completion of video questions, a behavioral assessment, and a fee. The behavioral assessment is a forced-choice, multiple-choice online module lasting 20–25 minutes that measures inter- and intra-personal competencies associated with business school success.
During the admissions cycle of 2020-2021, for the class of 2023, the MBA class was composed of 20% under-represented students of color, 49% of the US students are students of color, 9% are first-generation college graduates. Matriculating students represented 38 different countries and 176 different academic institutions with 15% having previously earned a graduate degree.
Yale SOM is the fourth most selective MBA program with approximately 10.9 applicants competing for each seat.
* International Students is a metric of "International Passport Holders"
Students represent 47 international countries in the class of 2021 from countries including
Armenia
Armenia, officially the Republic of Armenia, is a landlocked country in the Armenian Highlands of West Asia. It is a part of the Caucasus region and is bordered by Turkey to the west, Georgia (country), Georgia to the north and Azerbaijan to ...
,
Ghana
Ghana, officially the Republic of Ghana, is a country in West Africa. It is situated along the Gulf of Guinea and the Atlantic Ocean to the south, and shares borders with Côte d’Ivoire to the west, Burkina Faso to the north, and Togo to t ...
,
Lebanon
Lebanon, officially the Republic of Lebanon, is a country in the Levant region of West Asia. Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, it is bordered by Syria to the north and east, Israel to the south ...
,
Mauritius
Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...
, and
Peru
Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...
.
Collectively, the class of 2021 speaks 44 languages, with over 69% of the class speaking more than two languages, and 28% of the class speaking more than three languages.
Employment statistics
The class of 2021, median overall compensation was ~$193,000 for the first year out of school. The distribution by employment location follows approximately one-half of the class staying within the Northeast (New York City & Boston), between one-quarter and one-third moving out west (San Francisco, Los Angeles, Seattle), and the remaining flowing to the Mid-Atlantic / Mountain West / South.
Rankings
Yale is ranked by ''Poets and Quants'' in the top ten over the past eight years and has remained in tenth place since 2015.
From 2011 to 2017, applications rose 46%—more than any other peer school, and 2017 alone saw a 12.3% increase in applications. In 2017, total academic quality of its incoming class was second only to Stanford, and total median pay of its alumni exceeded Columbia's, MITs, and U Chicago, despite more students than other peer schools pursuing non-profit work.
Yale ranked number one in ''
U.S. News & World Report''s 2017 "Best Non-Profit MBA Rankings."
Yale's faculty were rated #1 of all MBA faculty in the Economist survey in 2018.
The 2018 Princeton Review put SOM at #2 for "Best Green MBA," #6 for "Toughest MBA to get into," and #7 for "Best MBA for Consulting" and "Best MBA for Management."
Degrees
The Yale School of Management (SOM) offers a number of postgraduate degrees, including the two-year Master's of Business Administration (MBA), MBA for Executives, Master of Advanced Management (MAM), Masters of Management Studies in Systemic Risk, and several doctorate degrees.
MBA
The MBA a traditional full-time, two-year program that allows students to take a wide array of core courses and electives at the university.
MBA for Executives
The MBA for Executives at SOM during the 2017–18 academic year includes 71 students, 35% of whom are women. Graduates of the MBA for Executives program go through the full MBA-integrated core curriculum. They also take advanced management courses as well as colloquia and advanced courses in one of three areas of focus:
healthcare
Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...
,
asset management
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...
, or
sustainability
Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...
.
Master of Advanced Management
The Master of Advanced Management (MAM) is a one-year degree program for MBA graduates from international business schools.
Admission to the Master of Advanced Management program is available to MBA students from top international business schools, including those in the Global Network for Advanced Management, who either (1) have recently graduated with an MBA degree or (2) who are enrolled in an MBA program and expect to receive their MBA degree or equivalent before matriculating at Yale.
Yale SOM may admit exceptional students from the Global Network for Advanced Management member schools who have not yet completed their MBA or equivalent degree provided.
The MAM class of 2022 is composed of 55 students from 27 countries and 17
Global Network for Advanced Management
The Global Network for Advanced Management is a collaboration of graduate schools of business that seeks to foster intellectual ties among business schools, students and deans from both economically strong regions and those on the horizon of econo ...
schools and is 45% women.
Master of Management Studies in Systemic Risk
The Master of Management Studies in Systemic Risk is a recent degree added to the SOM curriculum, added in the 2017–18 academic school year. The program is a specialized master's degree for early- and mid-career students who are interested in the role of central banking and other major regulatory agencies. The ''
Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'' has described the program as a "Degree of Danger" as it focuses on training the "next generation of regulators."
Master of Management Studies in Asset Management
The Master of Management Studies in Asset Management is a graduate degree program that targets students as well as working professionals.
The degree has been developed in parallel with and also runs in collaboration with the
Yale Investments Office. The program is highly rigorous and quant-heavy, with Asset Management students taking on advanced PhD level coursework. Strong computer programming, mathematics, and statistics skills coupled with financial modeling and business-related experiences are needed for success in this program.
The first cohort of 56 students was welcomed in 2021 with an acceptance rate of approximately 2%, making it the most selective out of all Yale University programs.
Doctor of Philosophy
The doctoral program (
PhD
A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...
) 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 structured so that it can be completed in three to five years. The curriculum for the first two years of PhD candidates is composed of 14 courses, which include two core courses, a social science sequence, an empirical methods sequence, a depth requirement, a breadth requirement, and electives. The program is small and admits only a few students each year; there are currently 51 doctoral candidates in the program.
All admitted students are given a full stipend for five years if they satisfy the program's requirements.
Joint Degrees
The School's joint-degree programs include the MBA/JD with
Yale Law School
Yale Law School (YLS) is the law school of Yale University, a Private university, private research university in New Haven, Connecticut. It was established in 1824. The 2020–21 acceptance rate was 4%, the lowest of any law school in the United ...
, MBA/MD with
Yale School of Medicine
The Yale School of Medicine is the medical school of Yale University, a private research university in New Haven, Connecticut. It was founded in 1810 as the Medical Institution of Yale College and formally opened in 1813. It is the sixth-oldest m ...
, MBA/PhD with
Yale Graduate School of Arts and Sciences
The Yale Graduate School of Arts and Sciences is the graduate school of Yale University. Founded in 1847, it is the oldest graduate school in North America, and was the first North American graduate school to confer a Doctor of Philosophy (Ph.D ...
, MBA/MEM or MF with
Yale School of Forestry and Environmental Studies
Yale School of the Environment (YSE) is a professional school of Yale University. It was founded to train foresters, and now trains environmental students through four 2-year degree programs ( Master of Environmental Management, Master of Environ ...
, MBA/MArch with
Yale School of Architecture
The Yale School of Architecture (YSoA) is one of the constituent professional schools of Yale University. The School awards the degrees of Master of Architecture I (M.Arch I), Master of Architecture II (M.Arch II), Master of Environmental Desi ...
, MBA/MFA with
Yale School of Drama
The David Geffen School of Drama at Yale University is a graduate professional school of Yale University, located in New Haven, Connecticut. Founded in 1924 as the Department of Drama in the School of Fine Arts, the school provides training in ...
, MBA/MDiv or MBA/MAR with
Yale Divinity School
Yale Divinity School (YDS) is one of the twelve graduate and professional schools of Yale University in New Haven, Connecticut.
Congregationalist theological education was the motivation at the founding of Yale, and the professional school has ...
, MBA/MPH with
Yale School of Public Health
The Yale School of Public Health (YSPH) was founded in 1915 by Charles-Edward Amory Winslow and is one of the oldest public health masters programs in the United States. YSPH is both a department (established in 1915) within the school of medic ...
, and MBA/MA in Global Affairs with the
Jackson Institute for Global Affairs
The Yale Jackson School of Global Affairs (formerly the Jackson Institute for Global Affairs) is a professional school of Yale University that specializes in global affairs. Established in 2022, it is Yale's newest professional school.
Based ...
. Approximately 11% of MBA candidates of the class of 2021 are pursuing dual degrees. Further, in the 2018–2019 academic year, over 1,300 instances of non-SOM students from Yale College and other Graduate and Professional schools registered for SOM classes.
Global Pre-MBA Leadership
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.
Yale Global Executive Leadership Program
The Yale Global Executive Leadership Program is an eight-month, advanced executive education program designed for senior leaders seeking to elevate their global impact. It combines in-person modules at Yale School of Management with virtual sessions, focusing on strategic leadership, governance, behavioral economics, and personal leadership purpose. Participants benefit from executive coaching, peer learning, and access to Yale's global leadership network. The program culminates in the Yale CEO Summit, offering direct engagement with top global executives.
Silver Scholars
Initiated in 2001, it was originally open only to Yale undergraduates and was intended to attract more non-traditional MBA candidates with experience outside business and finance. It has since expanded to consider applications from college seniors around the world. Even so, the program remains small. In 2014, SOM admitted only 15 Silver Scholars.
Despite conventional wisdom that MBA programs require previous work experience, Silver Scholars' job placement and scholarship statistics are at least as good as Yale's traditional MBAs. With an approximately 5% admit rate, the program is more selective than the traditional MBA program at Yale, as well as most other early admission MBA programs, including those at
Stanford Graduate School of Business
The Stanford Graduate School of Business is the Postgraduate education, graduate business school of Stanford University, a Private university, private research university in Stanford, California. For several years it has been the most selective ...
and
Harvard Business School
Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...
.
The School offers the Silver Scholars Program to exceptional college seniors with a "combination of Intelligence, Maturity, and Curiosity, who aim to be leaders in their field."
It's been called an "alternative" to deferred admissions policies for undergraduate applicants offered by other top MBA programs. It is distinct in that it is one of a very small number of schools to offer an MBA schedule specifically tailored to recent graduates, and the only one to offer a mid-program internship.
Silver Scholars matriculate immediately from undergrad into the School of Management and participate in a one-year, full-time internship after completing the first year of the Integrated Core Curriculum.
Following their internship, Silver Scholars return to campus to complete their second year of MBA coursework.
At SOM, that second year has minimal requirements, and students may take courses across all Yale's grad schools. In some circumstances, Silver Scholars receive permission to defer their matriculation as a result of fellowships or other extraordinary circumstances or extend their internships by an additional year.
A total of 17 Silver Scholars matriculated in the fall of 2019.
Community
Student life
Students at the School, like all Yale University students and alumni, are called "
Yalies" or "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, rugby, 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
New Haven is a city of the U.S. state of Connecticut. It is located on New Haven Harbor on the northern shore of Long Island Sound. With a population of 135,081 as determined by the 2020 U.S. census, New Haven is the third largest city in Co ...
and
Cambridge
Cambridge ( ) is a List of cities in the United Kingdom, city and non-metropolitan district in the county of Cambridgeshire, England. It is the county town of Cambridgeshire and is located on the River Cam, north of London. As of the 2021 Unit ...
. 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).
Alumni and student giving
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.
SOM is the business school with the second-highest alumni participation in annual charitable contributions, behind Dartmouth
Tuck School of Business
The Amos Tuck School of Business Administration at Dartmouth College is the graduate business school of Dartmouth College, a private Ivy League research university in Hanover, New Hampshire. It was founded in 1900 as the first institution in th ...
at 70+% contribution and ahead of the
University of Virginia Darden School of Business
The Colgate Darden Graduate School of Business Administration (branded as the Darden School of Business) is the graduate business school of the University of Virginia, a public research university in Charlottesville, Virginia. The school offers ...
at 42% participation according to 2015 statistics.
The graduating MAM, MBA, and Executive MBA classes of 2016 all had a 100% contribution rate towards their class gifts prior to commencement.
Research
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
*The Center for Customer Insights
*The International Center for Finance
*The Chief Executive Leadership Institute
*The China India Insights Program
*The Program on Entrepreneurship
*The Program on Social Enterprise
*The Initiative on Leadership and Organization
* 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
Timothy Franz Geithner (; born August 18, 1961) is an American former central banker who served as the 75th United States secretary of the treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank o ...
and
Henry Paulson
Henry "Hank" Merritt Paulson Jr. (born March 28, 1946) is an American investment banker and financier who served as the 74th United States secretary of the treasury from 2006 to 2009. Prior to his role in the Department of the Treasury, Paulson ...
, and former Federal Reserve Chairman
Ben Bernanke
Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Insti ...
. 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
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...
.
*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.
Media
''Yale'' ''Insights'' is published by Yale SOM, covering a wide range of topics at the intersection of business and society.
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
Michael Bierut (born 1957) is a graphic designer, design critic and educator, who has been a partner at design firm Pentagram since 1990. He designed the logo for Hillary Clinton's 2016 presidential campaign.
Early life and education
Michael B ...
and
Jessica Helfand
Jessica Helfand (born 1960 in Philadelphia, Pennsylvania) is an artist, writer, and designer. A founding editor of the Design Observer, she is the author of numerous books on visual and cultural criticism.
Early life and education
Born in Philad ...
in coordination with a class they teach at SOM.
Finances
Loan Repayment
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. 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.
Endowment
The School's
endowment fund was valued at $861 million in 2019, which is the sixth largest endowment of any U.S. business school and third highest endowment per student.
[ Yale University endowment fund manager David Swensen has generated exceptional investment returns over the past two decades.
]
Prominent faculty
* William Drenttel – American Artist and Designer
*Jeffrey Garten
Jeffrey E. Garten (born 1946) is an American economist, author, businessman, and former government official who is Dean Emeritus at the Yale School of Management, where he teaches a variety of courses on global economy. From 1996 to 2005 he was ...
– former Under Secretary of Commerce for International Trade
The International Trade Administration (ITA) is an agency in the United States Department of Commerce that promotes United States exports of nonagricultural U.S. goods and services.
Duties
The ITA's stated goals are to
# Provide practical info ...
*Gary Gorton
Gary Bernard Gorton (born c. 1951) is an American economist who currently serves as the Frederick Frank Class of 1954 Professor of Finance at Yale School of Management. He is known for his theory on the role of repurchase agreements on the 2008 ...
– expert in stock and futures markets, banking, and asset pricing; Editor, ''Review of Economic Studies
''The Review of Economic Studies'' (also known as ''REStud'') is a quarterly peer-reviewed academic journal covering economics. The journal is widely considered one of the top 5 journals in economics. It is managed by the editorial board currently ...
''
*Roger G. Ibbotson
Roger G. Ibbotson (born May 27, 1943) is Professor Emeritus in Practice of Finance at thYale School of Management He is also chairman oZebra Capital Management LLC He has written extensively on capital market returns, cost of capital, and inter ...
– 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.
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
With operations in 29 countries, Mornin ...
); financial markets expert and co-author of ''Global Investing''
* Edward H. Kaplan – operations research specialist; recipient of the Lanchester Prize
The Frederick W. Lanchester Prize is an Institute for Operations Research and the Management Sciences prize (U.S. $5,000 cash prize and medallion) given for the best contribution to operations research and the management sciences published in Engli ...
and the Edelman Award
* Ira Millstein – antitrust lawyer with Weil, Gotshal & Manges
Weil, Gotshal & Manges LLP ( ) is an American law firm headquartered in New York City. Founded in 1931, it employs approximately 1,100 attorneys and reported annual revenues of over $1.8 billion, ranking it within''The American Lawyer'' AmLaw 10 ...
, proponent of shareholder activism
Shareholder activism is a form of activism in which shareholders use equity stakes in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In co ...
*Barry Nalebuff
Barry J. Nalebuff (born July 11, 1958) is an American businessman, business theorist, and writer. He is a Milton Steinbach Professor of Management at Yale School of Management and author who specializes in business strategy and game theory. His pu ...
– game theory specialist; co-founder of Honest Tea, Inc., a fast-growing beverage company
*Sharon Oster
Sharon Monica Oster (September 3, 1948 – June 10, 2022) was an American economist. She was the Frederic D. Wolfe Professor Emerita of Management and Entrepreneurship and the dean of Yale School of Management, where she was the first woman to re ...
– competitive strategy authority; author of ''Modern Competitive Analysis''
* Stephen Roach – Non-Executive Chairman of Morgan Stanley
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
Asia; former Managing Director and Chief Economist of Morgan Stanley
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...
*Robert Shiller
Robert James Shiller (born March 29, 1946) is an American economist, academic, and author. As of 2022, he served as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center fo ...
– behavioral finance expert; Nobel Prize
The Nobel Prizes ( ; ; ) are awards administered by the Nobel Foundation and granted in accordance with the principle of "for the greatest benefit to humankind". The prizes were first awarded in 1901, marking the fifth anniversary of Alfred N ...
winner; Chief Economist and co-founder of MacroMarkets, LLC, a financial markets firm; author of ''Irrational Exuberance
"Irrational exuberance" is the phrase used by the then- Federal Reserve Board chairman, Alan Greenspan, in a December 1996 speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a wa ...
'', ''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''
*Victor Vroom
Victor Harold Vroom (August 9, 1932 – July 26, 2023) was a Canadian psychologist and business school professor at the Yale School of Management.
Early life
Vroom was born in Montreal, Quebec on August 9, 1932. He held a PhD from University of ...
– pioneer of expectancy theory
Expectancy theory (or expectancy theory of motivation) proposes that an individual will behave or act in a certain way because they are motivated to select a specific behavior over others due to what they expect the result of that selected behavio ...
Donaldson Fellows Program for alumni
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."
Notable alumni
, there are over 8,692 alumni.
* Bradley Abelow – Chief Operating Officer and executive in financial firms, and 2010-2011 Donaldson Fellow
*Ron A. Adelman
Ron A. Adelman is an American ophthalmologist specializing in retinal and macular diseases. He is the chairman of the Department of Ophthalmology at Mayo Clinic Florida, where he oversees clinical, research, and educational programs.
Early li ...
– Chair, Department of Ophthalmology, Mayo Clinic Florida
Mayo Clinic Florida is a comprehensive medical center belonging to the Mayo Clinic in Jacksonville, Florida. It is one of three Mayo campuses along with Phoenix/Scottsdale, Arizona and Rochester, Minnesota.
Mayo's campus is situated on 600 ac ...
* Beth Axelrod – Head of Human Resources, Airbnb
Airbnb, Inc. ( , an abbreviation of its original name, "Air Bed and Breakfast") is an American company operating an online marketplace for short-and-long-term homestays, experiences and services in various countries and regions. It acts as a ...
& eBay
eBay Inc. ( , often stylized as ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide. ...
, and 2014-2015 Donaldson Fellow
*Adam Blumenthal
Adam Blumenthal is an American businessman and private equity firm executive. He is the co-founder, chairman, and managing partner of Blue Wolf Capital Partners, a New York City-based private equity firm founded in 2005.
Early life and educat ...
– Managing General Partner, Blue Wolf Capital Management, and 2008-2009 Donaldson Fellow
*Laszlo Bock
Laszlo Bock is a Romanian-born Hungarian American businessman, who is co-founder and former CEO of Humu. He was formerly the Senior Vice President of People Operations at Google, Inc.
Early life and career
He was born in 1972 in Romania to e ...
– CEO and co-founder, Humu; former Vice President, People Operations, Google
Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial ...
, and 2008-2009 Donaldson Fellow
*Roger H. Brown
Roger H. Brown (born 1956) is an American businessman, philanthropist, and academic administrator and former president of Berklee College of Music. Brown is also the co-founder of Bright Horizons and founder and chairman of the Salt Lick Incuba ...
– President, Berklee College of Music
Berklee College of Music () is a Private university, private music college in Boston, Boston, Massachusetts. It is the largest independent college of contemporary music in the world. Known for the study of jazz and modern Music of the United ...
* Tim Collins (financier) – CEO and founder, Ripplewood Holdings LLC
Ripplewood is an American private equity firm based in New York City that focuses on leveraged buyouts, late stage venture, growth capital, management buyouts, leveraged recapitalizations and other illiquid investments.
Ripplewood was founded b ...
* Curtis Chin – Asia Fellow, Milken Institute
The Milken Institute is an independent economic think tank based in Santa Monica, California, with offices in Washington, D.C., New York, Miami, London, Abu Dhabi, and Singapore. It publishes research and hosts conferences that apply market-bas ...
, and 2018-2019 Donaldson Fellow
* Michael R. Eisenson – CEO, Managing Director, and co-founder, Charlesbank Capital Partners
Charlesbank Capital Partners is an American private equity investment firm based in Boston and New York City that specializes in the middle market. The firm has $23B of total assets across three investment strategies: flagship middle market p ...
*Justin Elicker
Justin Elicker (born July 31, 1975) is an American politician who serves as the 51st mayor of New Haven, Connecticut. A Democrat currently in his third term, he was previously a city alderman representing East Rock and a diplomat in the United S ...
— mayor of New Haven, Connecticut
New Haven is a city of the U.S. state of Connecticut. It is located on New Haven Harbor on the northern shore of Long Island Sound. With a population of 135,081 as determined by the 2020 United States census, 2020 U.S. census, New Haven is List ...
*Donald Gips
Donald Henry Gips (born February 1, 1960) is the CEO of the Skoll Foundation. He is a former U.S. Ambassador to the Republic of South Africa from 2009 to 2013. Ambassador Gips was appointed by President Barack Obama on June 4 and confirmed by the ...
– United States Ambassador to South Africa
Before 1902, the southern part of Africa that is now South Africa was under the hegemony of Great Britain. There also were two self-proclaimed independent states: Transvaal (also known as the South African Republic), and the Orange Free State. T ...
* Anne Glover – CEO and co-founder, Amadeus Capital Partners
*Seth Goldman (businessman)
Seth Goldman (born 1965) is an American businessman. He is the former CEO of Honest Tea which he co-founded in 1998 with his former business professor, Barry Nalebuff. Goldman is the executive chairman of Beyond Meat, a plant-based protein company ...
– CEO and President, Honest Tea; Chairman, Beyond Meat
Beyond Meat, Inc. is a producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company's initial products were launched in the United States in 2012. The company went public in 2019, becoming the first plant-based meat ana ...
*John D. Howard
Irving Place Capital, formerly known as Bear Stearns Merchant Banking (BSMB), is an American private equity firm focused on leveraged buyout and growth capital investments in middle-market companies in the industrial, packaging, consumer and reta ...
– CEO, Irving Place Capital
Irving Place Capital, formerly known as Bear Stearns Merchant Banking (BSMB), is an American private equity firm focused on leveraged buyout and growth capital investments in middle-market companies in the industrial, packaging, consumer and reta ...
(formerly Bear Stearns Merchant Banking)
* Mary Ellen Iskenderian – CEO and President, Women's World Banking
Women's World Banking is a global nonprofit organization dedicated to women's economic empowerment through financial inclusion.
__TOC__
Mission and vision
As an NGO, Women's World Banking (WWB) partners with financial institutions and policymak ...
* Martha N. Johnson – Administrator, United States General Services Administration
The General Services Administration (GSA) is an Independent agencies of the United States government, independent agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. G ...
* Trish Karter – founder, Dancing Deer Baking Co.
* Susan Kilsby – chairman of Shire
Shire () is a traditional term for an administrative division of land in Great Britain and some other English-speaking countries. It is generally synonymous with county (such as Cheshire and Worcestershire). British counties are among the oldes ...
*Ned Lamont
Edward Miner Lamont Jr. ( ; born January 3, 1954) is an American businessman and politician serving since 2019 as the 89th governor of Connecticut. A member of the Democratic Party (United States), Democratic Party, he served as a Greenwich, Con ...
– Chairman of Lamont Digital Systems, 89th Governor of Connecticut
* Zhang Lei – Founder and Managing Partner, Hillhouse Capital Group
Hillhouse Investment Management Ltd. is a global private equity firm with an East Asian heritage. Hillhouse was founded by Lei Zhang in 2005 with initial seed capital from the Yale University endowment and invests across East Asia, Southeast A ...
, donated $8,888,888 to Yale SOM
*Austin Ligon
William Austin Ligon (born ca. 1951) is the co-founder and retired CEO of CarMax. He retired in June 2006, and is now a private angel-stage investor. Among his recent investments are Gazelle, Redfin, Rev.com, Car Trade (India), Eneza Education (K ...
– Co-founder and retired CEO, CarMax
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first loc ...
*Jane Mendillo
Jane L. Mendillo is an American endowment fund manager. She was the president and chief executive officer of the Harvard Management Company, charged with managing Harvard University's endowment. She led the investment team from 2008 to 2014, whe ...
– CEO and President, Harvard Management Company
*Wendi Deng Murdoch
Wendi Deng Murdoch (; born Deng Wen'ge; December 5, 1968) is a Chinese Americans, Chinese-born American entrepreneur and socialite. She was the third wife of media mogul Rupert Murdoch from 1999 until 2013.
Early life and education
Wendi Deng w ...
– Director, MySpace
Myspace (formerly stylized as MySpace, currently myspace; and sometimes my␣, with an elongated Whitespace character#Substitute images, open box symbol) is a social networking service based in the United States. Launched on August 1, 2003, it w ...
China; former VP, News Corporation
The original incarnation of News Corporation (abbreviated News Corp. and also variously known as News Corporation Limited) was an American Multinational corporation, multinational mass media corporation founded and controlled by media mogul Ru ...
; wife of Rupert Murdoch
Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian - American retired business magnate, investor, and media mogul. Through his company News Corp, he is the owner of hundreds of List of assets owned by News Corp, local, national, a ...
*Indra Nooyi
Indra Nooyi (née Krishnamurthy; born October 28, 1955) is an Indian-born American business executive who was the chairman and chief executive officer (CEO) of PepsiCo from 2006 to 2018.
Nooyi has consistently ranked among the world's 100 mos ...
– former CEO, PepsiCo, Inc.
PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manuf ...
*Ken Ofori-Atta
Kenneth Nana Yaw Ofori-Atta (born 7 November 1958), is a Ghanaian investment banker who served as the Minister for Finance and Economic Planning in the cabinet of Nana Akufo-Addo from 2017 to 2024. He is co-founder of Databank Group, a Ghanaian f ...
– Executive Chairman and Co-Founder, Databank Financial Services, Ltd. (Ghana), and 2010-2011 Donaldson Fellow
*Ann Olivarius
Ann Olivarius (born 19 February 1955) is an American-British lawyer who specializes in cases of civil litigation, sexual discrimination, and sexual harassment, assault, and abuse.
Early life and education
Ann Olivarius grew up in New Jersey, t ...
– Chair, McAllister Olivarius, and 2016-2017 Donaldson Fellow
*Bruce Ovbiagele
Bruce Ovbiagele is a Nigerian-American vascular neurologist, biomedical researcher, health systems executive, academic leader, organization founder, and scientific journal editor. He serves as Professor of Neurology and Associate Dean at the Univ ...
- Chief of Staff, San Francisco Healthcare System and Founder, Society for Equity Neuroscience; Yale Global Executive Leadership Program (YGELP) Scholar '18.
* Hilary Pennington – Director of Education, Postsecondary Success, Special Initiatives, U.S. Programs, Bill & Melinda Gates Foundation
The Gates Foundation is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the third largest charitable foundation in the world, holding $ ...
, and 2010-2011 Donaldson Fellow
* Tahira Rehmatullah - American businesswoman and advocate for cannabis reform
*Bobby Sager
Robert Sager is an American philanthropist and photographer, best known for founding the Sager Family Traveling Foundation and Roadshow, a charitable organization with initiatives in Rwanda, Bhutan, Afghanistan, Nepal, India, Pakistan, and Palest ...
– Philanthropist on whom the title character of NBC
The National Broadcasting Company (NBC) is an American commercial broadcast television and radio network serving as the flagship property of the NBC Entertainment division of NBCUniversal, a subsidiary of Comcast. It is one of NBCUniversal's ...
TV show '' The Philanthropist'' is loosely based
*Ashwin Sanghi
Ashwin Sanghi (born 25 January 1969) is an Indian writer. His novels include '' The Rozabal Line'', '' Chanakya's Chant'', '' The Krishna Key'', ''The Sialkot Saga'', ''Keepers Of The Kalachakra'', ''The Vault of Vishnu'', and ''The Magicians o ...
– Writer Chanakya's Chant
''Chanakya's Chant'' (2010) is a novel written by Indian author Ashwin Sanghi. It was written two years after his first novel '' The Rozabal Line'' (2008) was released in India. ''Chanakya's Chant'' was released on 26 January 2011 and entered ...
The Rozabal Line
*Neil Shen
Neil Shen () is a Chinese billionaire venture capitalist, who is the founding and managing partner of HongShan, formerly known as Sequoia China, the Chinese arm of venture capital firm, Sequoia Capital. Prior to that, he was a co-founder of two ...
– Managing Partner and Co-founder, HongShan
HongShan Capital Group (HSG; ) is a Chinese venture capital firm founded in 2005. It was previously the China investment arm of Sequoia Capital (Sequoia) and was known as Sequoia Capital China and Sequoia China before it was rebranded and spun- ...
* John L. Thornton – Professor and Director of Global Leadership, Tsinghua University
Tsinghua University (THU) is a public university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of China. The university is part of Project 211, Project 985, and the Double First-Class Constructio ...
; Senior Advisor and Former President and Co-COO, Goldman Sachs
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...
* Chad Troutwine – CEO and Co-founder, Veritas Prep
* Daniel Weiss – CEO, Metropolitan Museum of Art
The Metropolitan Museum of Art, colloquially referred to as the Met, is an Encyclopedic museum, encyclopedic art museum in New York City. By floor area, it is the List of largest museums, third-largest museum in the world and the List of larg ...
; former President, Haverford College
Haverford College ( ) is a private university, private Liberal arts colleges in the United States, liberal arts college in Haverford, Pennsylvania, United States. It was founded as a men's college in 1833 by members of the Religious Society of Fr ...
; former President, Lafayette College
Lafayette College is a private college, private Liberal arts colleges in the United States, liberal arts college in Easton, Pennsylvania. Founded in 1826 by James Madison Porter and other citizens in Easton, the college first held classes in 18 ...
See also
*'' Yale Insights'', a Yale SOM publication
*Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services.
Economics focuses on the behaviour and interac ...
*Glossary of economics
This glossary of economics is a list of definitions containing terms and concepts used in economics, its sub-disciplines, and related fields.
A
...
*List of United States business school rankings
List of United States business school rankings is a tabular listing of some of the business schools and their affiliated universities located in the United States that are included in one or more of the rankings of full-time Master of Business Adm ...
*List of business schools in the United States
The following is a list of business schools in the United States. Business schools are listed in alphabetical order by state, then name. Schools named after people are alphabetized by last name. Accreditation bodies for business schools in the Unit ...
*Yale Club of New York City
The Yale Club of New York City, commonly called The Yale Club, is a private club in Midtown Manhattan, New York City. Its membership is restricted almost entirely to alumni and faculty of Yale University. The Yale Club has a worldwide membe ...
*Yale Corporation
The Yale Corporation, officially The President and Fellows of Yale College, is the governing body of Yale University in New Haven, Connecticut. Assembly of corporation
The Corporation comprises 19 members:
* Three ex officio members: the Preside ...
*Yale Publishing Course
Yale Publishing Course (YPC), located on the campus of Yale University in New Haven, Connecticut, is an intensive program for magazine, book and online publishing professionals. The course focuses on teaching leadership skills for today's incre ...
References
External links
Official site
{{authority control
Yale University buildings
Management
Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a Government agency, government bodies through business administration, Nonprofit studies, nonprofit management, or the political s ...
1976 establishments in Connecticut
Business schools in Connecticut
Educational institutions established in 1976
Ivy League business schools
Universities and colleges in New Haven, Connecticut