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Yale School of Management

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Yale School of Management
Yale SOM Shield
Motto Novus Ordo Seclorum (Latin)
Mission Educating leaders for business and society
Established 1976
School type Private
Dean Joel M. Podolny
Location New Haven, Connecticut, USA
Enrollment 468 MBA students
Faculty 81 (including joint faculty)
Endowment 0.6 million (2005)
Mascot Bulldog - "Handsome Dan"
Homepage [www.mba.yale.edu]

The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University and is located on Hillhouse Avenue in New Haven, Connecticut, USA. Yale SOM offers M.B.A. and Ph.D. degree programs. As of spring 2006, 468 students are enrolled in Yale's Master of Business Administration program. There are 81 faculty members. The dean is Joel M. Podolny.

Contents

About the School

Yale SOM conducts education and research in leadership, economics, marketing, entrepreneurship, organizational behavior, and other areas; its most acclaimed programs are finance and strategic management. The school offers a wide range of graduate-level academic programs and concentrations. The school is known for its finance faculty, emphasis on ethics, and International Center for Finance.

The campus includes 19th-century mansions and contemporary buildings. Donaldson Commons, one of the school's dining facilities, is across the street and was named after the founding dean of the School.

History

Elihu Yale statue and Connecticut Hall on Old Campus. Photo by Michael Marsland © Yale University
Elihu Yale statue and Connecticut Hall on Old Campus. Photo by Michael Marsland © Yale University

The School was founded in 1976 by William H. Donaldson, former Chairman of the Securities and Exchange Commission and Founder of Donaldson, Lufkin & Jenrette, as the Yale School of Organization and Management; it awarded its first graduate business degrees, the Master's in Public and Private Management, in 1978. The School was renamed the Yale School of Management in 1994 and changed its degree name to the MBA shortly thereafter.

Deans

Name Years as Dean
1 William H. Donaldson (1976–1980)
2 Geoffrey C. Hazard, Jr. (1980–1981)
3 Burton G. Malkiel (1981–1988)
4 Michael E. Levine (1988–1992)
5 Paul MacAvoy (1992–1994)
6 Stanley Garstka (1994–1995)
7 Jeffrey Garten (1995–2005)
8 Joel M. Podolny (2005–Present)

Admissions and rankings

Yale SOM is consistently ranked among the top 30 MBA programs in the United States. As of summer 2006, it is ranked #22 by BusinessWeek, #5 by Forbes, #15 by US News, and #5 by the Wall Street Journal. It is also ranked #18 worldwide by The Economist and #11 worldwide by the Financial Times.

Admission to Yale SOM is very competitive; 28% of applicants were admitted to the class that entered in September 2005 (12th-lowest in the country). 37% of those accepted choose to attend, yielding a class with a 3.42 average GPA (18th-highest) and 683 average GMAT (15th-highest).[link]

Student life

Students who attend Yale SOM call themselves "Yalies," as do all Yale University students and alumni. They operate more than 50 clubs, including career-oriented ones such as the Private Equity, Biotechnology, Investment Management, and Consulting clubs; and athletic ones such as the soccer, crew, skiing, and squash clubs. Each October, the Yale SOM Cup soccer tournament attracts clubs from numerous business schools. Each November, many students attend the Harvard-Yale football game (known as "The Game"), whose location alternates between New Haven and Cambridge. The weekend's activities include the Harvard-Yale Leadership & Ethics Debate, a contest between the two schools' MBA students.

Research and endowment

Hillhouse Avenue, in front of the International Center for Finance. Photo by Michael Marsland © Yale University
Hillhouse Avenue, in front of the International Center for Finance. Photo by Michael Marsland © Yale University

The School is home to the following research centers:

Yale SOM's endowment fund, valued at $370.6 million in 2005, is part of the larger Yale University endowment and is one of the largest business school endowments in the U.S. The endowment is primarily used according to the donors' wishes, which include the support of teaching and research. Yale University endowment fund manager David Swensen has generated exceptional returns over the past two decades. [#endnote_SwensenReturns]

Joint-degree and scholarship programs

Yale 2001 Commencement. Photo by Michael Marsland © Yale University
Yale 2001 Commencement. Photo by Michael Marsland © Yale University

Yale SOM's joint-degree programs include MBA/JD with Yale Law School, MBA/MD with Yale School of Medicine, MBA/PhD with Yale Graduate School of Arts and Sciences, MBA/MArch with Yale School of Architecture, MBA/MFA with Yale School of Drama, MBA/MDiv or MBA/MAR with Yale Divinity School, and MBA/MA in International Relations with Yale Graduate School of Arts and Sciences.

Yale SOM also offers the [Silver Scholars Program] for exceptional Yale College seniors.

Prominent faculty

Prominent alumni

Harkness Tower, situated in the Memorial Quadrangle at Yale
Enlarge
Harkness Tower, situated in the Memorial Quadrangle at Yale

Also see: List of Yale University people

Notes

  1. ↑ [The Money Game (October 3, 2005)]. "Fortune Magazine"

See also

External links


Schools of Yale University
Yale College • Yale Law School • Yale School of Management
Yale School of Medicine • Yale School of Drama • Yale Divinity School >

Ivy League business schools
Columbia Business School | Cornell (Johnson School) | Dartmouth (Tuck School)
Harvard Business School | Penn (Wharton School) | Yale School of Management

 

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