History and Mission


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 2005 the School launched an executive M.B.A. program with a focus on healthcare leadership.

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.

Also in 2012 the School created the Master of Advanced Management degree, open to those who have earned or are earning an M.B.A. or equivalent degree from member schools in the Global Network for Advanced Management.

In 2014 the School expanded its executive M.B.A. program to include three focus areas: asset management, healthcare, and sustainability.

In 2017 the School created the one-year Master of Management Studies degree and the Systemic Risk track of the M.M.S.

In 2018 the School created the Global Business and Society track of the M.M.S.

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
2011–2019 Edward A. Snyder
2017–2018 Anjani Jain, Acting Dean
2019– Kerwin K. Charles

Mission and Degree Programs

The mission of the Yale School of Management is educating leaders for business and society. In keeping with this mission, the School has set three core objectives: to be the business school that is most integrated with its home university; to be the most distinctively global U.S. business school; and to be recognized as the best source of elevated leaders for all sectors and regions.

Across its portfolio of degree programs, 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 M.B.A. program is built around a unique integrated core curriculum and characterized by connections to the rest of Yale and top business schools around the world through the Global Network for Advanced Management.
  • The executive M.B.A. program combines the M.B.A. integrated core curriculum with advanced study in one of three areas at the nexus of business and society: asset management, healthcare, and sustainability.
  • The Master of Advanced Management (M.A.M.) program, a one-year program in advanced leadership and management, brings together promising global leaders who have earned or are earning an M.B.A. or equivalent degree from member schools in the Global Network for Advanced Management.
  • The Systemic Risk track of the one-year Master of Management Studies (M.M.S.) program leverages the expertise of the Yale Program on Financial Stability to study macroprudential financial regulation and the measurement and management of systemic risk.
  • The Global Business and Society track of the M.M.S. program, open to master of management students at schools in the Global Network for Advanced Management, gives these early-career individuals the management tools and broad perspective to launch global careers.
  • The Ph.D. program, which confers degrees through the Graduate School of Arts and Sciences, disseminates the School’s deep faculty expertise in accounting, finance, marketing, operations, and organizations and management to the next generation of scholars.

Students in each degree program benefit from this portfolio approach. For example, elective classes in the M.B.A. program are enriched by the perspectives of M.A.M. and M.M.S. students from throughout the world. Students in the executive M.B.A. program bring experience and networks in three important areas.

In addition, the School offers a broad portfolio of both customized and open-enrollment nondegree programs, giving professionals from around the world the opportunity to benefit from Yale expertise.

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 Council of Global Advisors. 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.


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 225,000-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.

Centers and Programs

Center for Business and the Environment

The Center for Business and the Environment 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.

Yale Center Beijing

Yale Center Beijing aims to further constructive dialogue about pressing issues and the forthright exchange of ideas and knowledge among decision makers and thought leaders, by leveraging Yale’s wealth of resources as a global research university and its historically strong ties to China. Located in the Chaoyang District of Beijing, the center enables the University to expand existing activities and form new partnerships with organizations in China, supports research and study from each of the University’s schools and divisions, and serves as a gathering place for alumni from throughout Asia. Yale Center Beijing is managed by the Yale School of Management on behalf of Yale University.

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.