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“Yale SOM offers an intense, multi-dimensional professional development that prepares our graduates to contribute lasting value to all types of organizations, in all sectors, and wherever there are opportunities to make a positive difference for business and society.”

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Dean Snyder

A message from the dean

Welcome to the Yale School of Management.
Our mission is to educate leaders for business and society.

This mission attracts intellectually curious and globally aware people who want to become part of Yale University, one of the most eminent universities in the world. Yale excels in each of the three broad arcs of knowledge—the social sciences, the physical sciences, and the humanities. It has superb professional schools in law, divinity, medicine, and the environment, and the university is energized by an extraordinary college.

The intentions of our students to engage in a broad-minded business school community and to connect to a thriving university greatly influence the Yale MBA experience. These same intentions are also foundational to what business leadership will require over the balance of this century. Indeed, the world needs leaders who:

  • understand organizations, teams, networks, and the complex nature of leadership;
  • understand markets and competition in different contexts;
  • understand the diversity of economies throughout the world and the relationships between business and society.

As this portrait helps explain, Yale SOM, with its purposeful and success-oriented environment, is perfectly positioned to meet this leadership challenge. Our school is the most connected in terms of spirit, intellectual curiosity, and experience to its home university of any top business school in the world. You will take courses from experts on the Yale SOM faculty, as well as from scholars and practitioners around the University, whose diverse areas of expertise will expand your understanding of business. Your fellow students—both your classmates and other graduate and professional students—will contribute insights from their experiences, backgrounds, and passions.

This portrait also helps explain how the integrated curriculum, introduced five years ago and improved upon in the years since, helps put the pieces together. In the words of former Dean Sharon Oster, the Yale SOM integrated curriculum crosses interdisciplinary boundaries and “allows you to approach, understand, and address the kinds of messy, complicated problems that real organizations face.”

The bottom line is that Yale SOM offers an intense, multi-dimensional professional development that prepares our graduates to contribute lasting value to all types of organizations, in all sectors, and wherever there are opportunities to make a positive difference for business and society.

Signature

Edward A. Snyder
Dean & William S. Beinecke Professor of Economics and Management
Yale School of Management

Cross Campus

Yale SOM and Yale University

Yale SOM is unique among business schools in its close integration with its parent university, in mission, culture, and programs. Yale University is a global leader in higher education, training scholars and professionals and producing groundbreaking research across all sectors.

 

Courses

Yale MBA students have the opportunity to take elective courses across the university, including unique Yale classes examining the major issues facing society. They regularly engage with faculty and students from throughout the university as well as prominent invited lecturers. Examples of Yale-wide courses that MBA students took in 2010–2011 include:

Faith and Globalization
Miroslav Volf and Tony Blair

Leadership
General Stanley McChrystal

The Next China
Stephen Roach

Studies in Grand Strategy
Charles Hill, John Gaddis, and Paul Kennedy

Intellectual and Cultural Resources

In your time at Yale, you will be surrounded by intellectual opportunity—whether that means viewing masterpieces in the Yale Art Gallery, watching a world premiere at the Yale Repertory Theatre, or attending one of hundreds of lectures, panels, and talks by political leaders, Nobel laureates, CEOs, and many others.

Centers and Programs

University-wide centers and programs link Yale scholars across schools and disciplines, allowing for broad consideration of the most pressing global issues.

  1. Cowles Foundation for Research in Economics
  2. Jackson Institute for Global Affairs
  3. MacMillan Center for International and Area Studies
  4. Yale Center for the Study of Globalization
  5. Yale Entrepreneurial Institute
  6. Yale World Fellows Program

I worked at Goldman Sachs, where I covered foreign exchange products, credit and fixed-income derivatives, and then mortgage products. I really wanted to get into the energy side of the business, but I wasn’t acquiring the broad set of skills I’d need.

Yale SOM has helped me acquire these skills. I’ve taken courses on macroeconomics, corporate financing, strategy, and energy markets. One of the things I love about the school is that if I come across any courses outside SOM I’m interested in, I can take them. There are energy courses at the Law School and the Forestry School that have helped me to approach the subject from new and interesting directions. I’m even taking a course at the Divinity School. And last fall, I studied abroad at Tsinghua University in China.

One of the things that surprised me the most here is how much you learn from your fellow students. There’s this great energy that comes from being among so many impressive people, who bring such diversity of experiences. I’m a finance guy, and I’ve spent a lot of time thinking about finance. I look at things differently than an entrepreneur or someone from marketing or consulting or HR.

I did my summer internship at Goldman, in the Financial Institutions Group. It was a chance to come back and test what I’d learned at Yale. I could see day to day just how much I had broadened my horizons. SOM had taught me not just specific skills, but to approach problems in a truly holistic manner.

Tomer Cohen ’11

Participant, International Exchange Program,
Tsinghua University, Beijing
post-MBA position: Goldman Sachs

Students

Yale SOM students come from around the world, with experience in many sectors and industries. They create a rich community, strengthened by their diversity of viewpoints and backgrounds and a collaborative approach to learning.

Class of 2012

Average GMAT score 722

Middle 80% range: 680 – 770

Average GRE Scores

Quantitative 781 (80% range: 770 – 800)

Verbal 700 (80% range: 670 – 740)

Average college GPA* 3.51

Middle 80% range: 3.12 – 3.95

Total Enrollment 233

Bar Graph

Undergraduate Majors

  • Economics 20%
  • Humanities 20%
  • Business 19%
  • Engineering 14%
  • Social Sciences 14%
  • Physical Sciences 5%
  • Information Systems & Computer Science 3%
  • Mathematics 3%
  • Other 2%

Class of 2013**

Average GMAT score 720

Middle 80% range: 680 – 760

Average GRE Scores

Quantitative 760 (80% range: 730 – 790)

Verbal 660 (80% range: 510 – 710)

Average college GPA* 3.51

Middle 80% range: 3.08 – 3.87

Total Enrollment 234

Bar Graph

Undergraduate Majors

  • Economics 27%
  • Business 15%
  • Humanities 15%
  • Engineering 14%
  • Social Sciences 12%
  • Physical Sciences 7%
  • Information Systems & Computer Science 6%
  • Mathematics 2%
  • Other 2%
** Preliminary data as of June 28, 2011.
* Excludes institutions that do not use a four-point scale.

Beyond the Classroom

Yale SOM students have full days, fitting club events, speakers, competitions, social events, and even hockey practice between classes.

Group Dynamics

Study groups give students valuable training at working in teams and provide a supportive environment for the challenges of the first year.

Philanthropy Conference

One of several well regarded professional conferences hosted by Yale SOM’s student clubs, the Philanthropy Conference draws hundreds of practitioners from the nonprofit world, giving organizers a network of contacts in their chosen field.

Life in New Haven

Students enjoy New Haven’s wide variety of restaurants, museums, theaters, and local parks. Students also engage with the community in efforts like the Black Business Allliance’s Day of Service.

I loved working in my study groups, even the ones that were assigned, because we approached everything with the goal of learning. I think the collaborative approach here helps you go beyond just writing down the correct answer; you’re working together to deepen your understanding of issues. That’s the point. You’re going to go out in the world and use this information, and you’re going to have to work effectively in teams.

The people who are attracted to Yale SOM have great intellectual curiosity. They’re not afraid to take a different path to solve a problem or to explore something in a new way. At the same time, I think that we are really passionate about what we’re doing. And it comes out not only in the way we work in our classroom setting, but in the way we work with student clubs and all the initiatives we take on.

As co-leader of the Women in Management club, my job is to try to foster a community that respects what unifies us—we are all women—but also respects the fact that we’re different. Just because we’re women doesn’t mean that we’re the same kind of person. And it’s really fun to try to create opportunities for people to come together and really get to know each other as people, and to build a foundation for how we’re going to continue to support and motivate each other once we leave here. I’m really excited to see what my classmates are going to be doing five and ten years from now.

Anthea Tjuanakis ’11

Co-leader, Women in Management Club; Leader, Consulting Club
Post-MBA position: Boston Consulting Group

My work is at the boundary of economics and sociology. The largest stream of my research is about economic geography and, in particular, how social networks affect the productivity of regions. I’ve been working on a very large project looking at how venture capital in a region affects entrepreneurship and the growth of the region.

We find that having more venture capital seems to be important to stimulating entrepreneurship and to the economic vitality of the region. But we also find some interesting contingencies—for example, venture capital is far more effective in generating economic returns in states that do not enforce non-compete agreements. That’s probably because both entrepreneurs and potential employees aren’t locked up in non-compete agreements with their former employers.

I also teach an elective class on venture capital. It’s taught from the point of view of the venture capitalist, but it’s also relevant to someone who might want to start a business.

One of the class exercises is a negotiation where some students are the management and other students are the venture capitalists. The students realize that it’s very hard to reach an agreement when there’s so much uncertainty—even if they have just slightly different beliefs about the prospects for the business.

For the final project in the course, we partner with Yale’s Office of Cooperative Research and the students look at actual technology coming out of Yale’s labs to try to assess whether it is something that a venture capitalist might invest in. It’s useful for both sides. OCR gets some information about which of these projects they should pay more attention to, and the students get some experience in assessing an actual potential investment.

Olav Sorenson

Professor of Organizational Behavior

Faculty

Yale School of Management faculty are influential scholars as well as passionate teachers. Their books and articles are frequently cited in business publications, academic journals, and the mainstream media.

Martijn Cremers on CEO Pay Slice

The CEO Pay Slice is the proportion of the total pay for the top five executives at a firm that goes to the CEO. Professor Martijn Cremer, co-creator of this new measure, studies the relationship between it and firm performance.

Massey, Canales, and Wrzesniewski on Teaching Leadership

Professors Rodrigo Canales, Cade Massey, and Amy Wrzesniewski argue that business schools need to teach leadership in a way that prepares students for real-life dilemmas.

Sample Recent Publications by Yale SOM Faculty

“Hard-won and Easily Lost: The Fragile Status of Leaders in Gender Stereotype-incongruent Occupations”

Victoria L. Brescoll, Assistant Professor of Organizational Behavior, in Psychological Science (with E. Dawson and E. L. Uhlmann)

“When Sunlight Fails to Disinfect: Understanding the Perverse Effects of Disclosing Conflicts of Interest”

Daylian Cain, Assistant Professor of Organizational Behavior, in Journal of Consumer Research (with G. Loewenstein and D. A. Moore)

“$100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans”

James Choi, Associate Professor of Finance, in Review of Economics and Statistics (with D. Laibson and B.C. Madrian)

“Uninformative Advertising as an Invitation to Search”

Dina Mayzlin, Associate Professor of Marketing, and Jiwoong Shin, Associate Professor of Marketing, in Marketing Science

US Financial Markets Book

Reforming U.S. Financial Markets: Reflections Before and Beyond Dodd-Frank

Robert J. Shiller, Arthur M. Okun Professor of Economics (with Randall Kroszner) (MIT Press)

“Venture Capital, Entrepreneurship, and Regional Economic Growth”

Olav Sorenson, Professor of Organizational Behavior, in Review of Economics and Statistics (with S. Samila)

“A Customer Management Dilemma: When Is It Profitable to Reward One’s Own Customers?”

K. Sudhir, James L. Frank ’32 Professor of Private Enterprise and Management & Professor of Marketing, and Jiwoong Shin, Associate Professor of Marketing, in Marketing Science

“Why Are Recommendations Optimistic? Evidence from Analysts’ Coverage Initiations”

X. Frank Zhang, Associate Professor of Accounting, in Review of Accounting Studies (with Y. Ertimur and V. Muslu)

I’m involved with a lot of clubs at Yale SOM, but I’m most active in three: Women in Management, the Black Business Alliance, and a new club, the Business of Sports Club.

The Business of Sports Club isn’t technically a club yet. We’re still going through the application process. But that’s something that I’m very passionate about. It’s great to be in a community where people want you to be passionate about your niche and help you find success in that area. It’s a small community, but people are constantly pushing one another to meet their goals.

I got interested in a career in sports when I was teaching at a private school in Jordan and I was promoted to be athletic director. After I came back to the United States, I got a master’s in sports management, but I realized that I still needed traditional business skills for the career that I was imagining.

I came to SOM with lofty goals. But, if anything, I’ve actually expanded them since I’ve been here. This summer I’m doing an internship in brand management with Procter & Gamble, and I’m also spending a month in Nigeria, where my family is from, working with Hope 4 Girls Africa, a nonprofit focused on youth development for young girls through basketball. I’ll be working on a strategic plan to develop their fundraising channels and make their business model more sustainable. I’m excited about my career, but it’s not just about my career: it’s about all the pieces of my life and how I can bridge them together. I wasn’t thinking on that scale before I came to SOM.

Sandra Idehen ’12

Internship: Procter & Gamble
Co-leader, Sports Club

I was born in Bogotá, Colombia, and grew up in Miami. After college, I lived in Buenos Aires, where I got a master’s in international economic relations, and then worked for Bloomberg in New York City and São Paulo. I visited clients in Chile, Argentina, Peru, Ecuador, and Venezuela, and had the chance to do some business development. I discovered that I got a thrill out of building a product and working on my own project. That was a big motivation for me to go to business school.

I was applying from Brazil, which meant that I had limited time to visit schools, so it was easy to get overwhelmed by what all the different schools had to offer. Then I came to Yale SOM. I sat in on Sourcing and Managing Funds, and two professors with very different backgrounds and different focuses were teaching together and presenting a more complete understanding of that aspect of the curriculum. That made sense to me.

I live in downtown New Haven. I ride my bike to class every day, and I get to ride through the beautiful gothic architecture of the Yale campus. Last winter, I biked in the snow, even though I’m from Miami.

When I lived in New York, I loved going out to theater, to restaurants, but it always ended up being a complicated, expensive endeavor. Here it’s just handed to you. I have a season pass to the Yale Repertory Theatre. The Yale Philharmonic Orchestra is free. The Yale Art Gallery is a block and a half from my apartment. I like to go there after studying and just roam around this world-class museum.

Alejandro Gomez ’12

Pre-SOM Employer: Bloomberg
Internship: Mark Ventures, Buenos Aires

Alumni

Yale SOM graduates take on the most important challenges facing business and society as executives in some of the world’s largest companies, innovative entrepreneurs, and leaders of major nonprofit organizations.

350 Million Square Feet of Building Space

As head of the General Services Administration, Martha Johnson ’79 uses the massive purchasing power of the federal government to help cultivate new markets.

Unexpected Opportunity

Aisha de Sequeira ’95 launched Morgan Stanley’s new investment banking business in India…just as the financial crisis hit.

Launching Pad

Inspired by Professor Barry Nalebuff, Max Ventilla ’06 launched a social networking business that was acquired by Google in 2010.

Learning to Be a Leader

Professor Amy Wrzesniewski discussed what it takes to be a leader with two prominent Yale SOM graduates, Edward de la Rosa ’81, founder of a boutique investment banking firm, and Gina Rosselli Boswell ’89, president of global brands at Alberto-Culver.

aisha_de_sequiera martha_johnson max_ventilla Gina_Boswell Edward_De_la_Rosa

Prominent Yale SOM Alumni

  • Margaret (Peggy) W. Adams ’89

    Head, Equity Products, Wellington Management

  • Joaquin Avila ’82

    Managing Director, The Carlyle Group

  • Paul D. Bell ’90

    President, Public, Dell Inc.

  • Laszlo Bock ’99

    Vice President of People Operations, Google

  • Raymond Chang ’96

    Chairman & CEO, LuckyPai Group Limited

  • Steven M. Chapman ’85

    Group Vice President, Emerging Markets and Businesses, The Cummins Engine Co., Inc.

  • Timothy C. Collins ’82

    CEO & Senior Managing Director, Ripplewood Holdings LLC

  • David S. Daniel ’82

    CEO, Spencer Stuart

  • Phillip Davis ’85

    Partner, Bain & Company

  • Donald Gips ’89

    U.S. Ambassador to South Africa

  • Andrew Golden ’89

    President, Princeton University Investment Company

  • Seth Goldman ’95

    President & TeaEO, Honest Tea

  • Steven Gunby ’82

    Senior Partner, Managing Director & Chairman, Americas, The Boston Consulting Group

  • Fuad Y. El-Hibri ’82

    Chairman & CEO, Emergent BioSolutions Inc.

  • Lori M. Hotz ’94

    Chief Operating Officer, Lazard Wealth Management

  • Brad Z. Huang ’90

    Founder & Chairman, Lotus Capital Management

  • Shigeru Ishii ’87

    President, Sony Bank, Inc.

  • Curtis Jensen ’95

    Chief Investment Officer, Third Avenue Management

  • Ellis Jones ’79

    CEO, Wasserstein & Co.

  • Andrea Levere ’83

    President, Corporation for Enterprise Development

  • Linda Mason ’80

    Chairman & Co-founder, Bright Horizons Family Solutions

  • Jane Mendillo ’84

    President & CEO, Harvard Management Company

  • Liang Meng ’97

    Managing Partner, Ascendent Capital Partners Limited

  • Robert Mulroy ’91

    President & CEO, Merrimack Pharmaceuticals

  • Indra Nooyi ’80

    Chairman & CEO, PepsiCo

  • Nancy B. Peretsman ’79

    Managing Director, Allen & Company LLC

  • Matthew C. Rogers ’89

    Director, McKinsey & Co., Inc.

  • Timothy Rub ’87

    Director & CEO, Philadelphia Museum of Art

  • Eric Schultz MBA-E ’07

    President & CEO, Harvard Pilgrim Health Care

  • Sandra A. Urie ’85

    Chairman & CEO, Cambridge Associates

  • Laura Walker ’87

    President & CEO, WNYC Radio

This list was compiled on June 1, 2011.

I teach a class called Capital Markets, which is about the whole range of markets where financial securities, including derivatives, are traded—among banks, between banks and institutional investors. So it’s basically about how the modern financial system works. Anybody who is going to do something in finance—working at a financial firm, a commercial bank, a hedge fund, a corporate treasury department—would be a candidate for this course.

One element of the course is to teach students how to think clearly about finance, and that involves learning a bunch of tools. Another aspect, though, is to understand that not everything you see in the world was always there—that people innovated and came up with new ideas. And those ideas are balanced with some practical, hands-on work: cases, homework, reading real-world documents.

One thing I like about Yale SOM is that the class sizes are small enough that the students can come and talk to you. They’re interested in lots of things—they come and talk about the financial crisis or other current events, or they’re looking for career advice. I pretty much don’t help them with the homework, though. I tell them, the homework may seem very hard to you, but I know you can do it because generations before you have done it.

Learning is not easy. You have to work. At the beginning of the semester, I say, "I’m going to work hard in this course, and I expect you to work hard in this course. And if we both work hard, we will get somewhere."

Gary B. Gorton

Frederick Frank Class of 1954 Professor of Management and Finance

I worked for Human Rights First, focusing on fundraising and event planning. I also volunteered at a number of places, mostly working on art projects with kids in juvenile detention centers and schools in Brooklyn and the Bronx. I really enjoyed this work, and wanted to find a graduate program that would allow me to use the arts as a way to approach social change. I got a master’s in education but also saw the benefit of an MBA. I view the education degree as a way to understand what I want to do and the MBA as how to implement it.

When I interviewed at other MBA programs, people didn’t understand why I wanted to go to business school. Not only did people at Yale get it, my interviewer said, “You should talk to this person and this person.” The school has the resources to help me achieve my goals.

I’ve loved all the opportunities I’ve had at Yale. I’ve been a leader of the Education Club and SOM’s chapter of Net Impact, which has allowed me to hone my leadership skills. And I participated in the Global Social Entrepreneurship course, where we worked for months with an organization trying to make rural villages in India self-sustaining by creating village-based outsourcing centers where villagers can get jobs. We spent a week on the ground, and it was really rewarding to balance the theory we learn in the classroom with a client-focused project with real-world implications.

Now I know I can go into an organization and really make a difference, and ultimately make it much more effective.

Jamila Amarshi ’11

Co-leader, Education Club
Post-MBA Position: level playing field institute

Careers

Yale MBA students find positions that match their professional aspirations and values, with guidance from industry-focused relationship managers in the Career Development Office and support from student clubs and faculty.

 

Full-Time Employment/Class of 2010

Selected Hiring Organizations for the Classes of 2010 and 2011

  • Achievement First
  • Acumen Fund
  • Aetna
  • Amazon.com
  • American Express
  • Apple
  • Associated Press
  • Bain & Company
  • Bank of America Merrill
  • Lynch
  • Barclays Capital
  • Bayer Healthcare
  • Blackstone Group
  • Bloomberg
  • Booz & Company
  • Booz Allen Hamilton
  • Boston Consulting Group
  • Citigroup
  • Credit Suisse
  • Deutsche Bank
  • Education Pioneers
  • Environmental Defense
  • Fund
  • ExxonMobil
  • General Electric
  • General Motors
  • Global Fund for Children
  • Goldman Sachs
  • Google
  • Hartford
  • HSBC
  • IBM
  • J. P. Morgan
  • McKinsey & Company
  • Microsoft
  • Morgan Stanley
  • National Basketball Association
  • Nature Conservancy
  • Paulson & Co.
  • PepsiCo
  • Pfizer
  • Philadelphia Art Museum
  • Pitney Bowes
  • Pricewaterhouse Coopers
  • Sears Holdings Corporation
  • Sony Music Entertainment
  • Standard & Poor’s
  • Target
  • Thomson Reuters
  • TIAA-CREF
  • Tishman Speyer
  • Travelers
  • UBS Investment Bank
  • Unilever
  • Vestas Wind
  • Walt Disney Company

  •  

  • View a complete list.

In a strategy course at Yale SOM, we’re thinking about the most fundamental decisions that firms make—whether to change a price, invest in new capacity, or enter a new line of business. What most students don’t realize until they get here is how much the discipline of science—economics, in particular—can inform those decisions. There are organizing, underlying principles that you can bring to bear on addressing these questions. For instance, understanding the economics of your competitors helps you predict how they will respond to your actions.

In my Technology Strategy course, we focus more closely on the strategic issues that arise in any kind of high-technology industry—intellectual property, organizing the R & D enterprise, antitrust issues, standards and compatibility. This is a fascinating area.

Look at the competition with e-readers right now. The technology could be revolutionary. There’s an interesting set of questions about how people are going to consume content in the future, and what that means for all the companies in this space. But I’m also very interested in the contracts that Amazon and Apple have entered into with content providers. There you see some interesting pricing issues that you could see in any industry. How a new technology changes what all of the players in the marketplace bring to the bargaining table is a classic strategy question.

In my classes here at SOM, I’ve had students from the Graduate School, students from Forestry, students from Drama, students from the Law School, undergraduates. We get a lot of perspectives in the classroom. On top of that, we always have students with experience in different parts of the various technology industries who know things that I don’t. I’ve found that extremely valuable.

Judith A. Chevalier

William S. Beinecke Professor of Finance and Economics

I’m getting a joint degree in medicine and business, and if you knew me, the combination would make perfect sense. I emigrated from Japan as a child. My family didn’t know the language or culture and our pediatrician was so much more than a doctor to us. He really planted a seed within me of the value of being a doctor. My family still has factories in Asia—they manufacture wire and cables—so I’ve always been interested in business.

Particularly with healthcare reform, it’s more important than ever that people in healthcare understand how to connect the business and clinical aspects of medicine to improve healthcare delivery. I also really liked the idea of meeting people outside of medicine. Yale SOM is so diverse that I knew I’d learn a ton just from my fellow students.

The Healthcare and Life Sciences Club is an amazing resource here. It’s a collaboration across Yale, with students not just from SOM, but the School of Medicine, Public Health, and Nursing. We put on an annual conference and this year I co-chaired it. Each year, more than 400 people attend. We have a $60,000 budget, much of which we raise ourselves. We handle logistics, speakers, marketing, running a board of outside advisors, and managing a large and diverse team of students.

One of the reasons I came to SOM was to get this kind of leadership experience. It pushes you outside your comfort zone and forces you to really use all the skills you’re learning in the classroom.

Hiromi Yoshida ’11

co-leader, healthcare and life sciences club
post-mba position: seattle children’s hospital

I have a background in mechanical engineering. Before I came to SOM, I worked as a consultant to clean energy startups. At one point, I had to decide between two projects: One client wanted me to build a prototype for a particular drill, a very engineering-heavy project; another client had asked me to run a business model analysis on a thermal battery that they wanted to deploy to telecom towers in India. I decided that I wanted to work with the battery and learn about a new business model. And I decided to get an MBA.

One of the great aspects of being at Yale is that I’ve been able to engage with people throughout the university. Through the Office of Cooperative Research, I connected with the engineering department and learned about the technologies that Yale’s labs are ready to monetize—for example, I worked with some magnetic solder research, which will be a part of the next transformation in mobile devices.

I also spent my first semester developing the business skills I needed for my consulting interviews, in class and in the Consulting Club. The club started by doing very simple market-sizing questions: how many golf balls would fit in an airplane? Then we read one of the leading books about case interviewing, and once we got some intuitive understanding of the first few points, they brought in the author to help teach the rest of it, which is amazing. And then they brought in an ex-McKinsey interviewer to teach us a little more about structure and casing. So they gave us an incredibly solid foundation from which we then built.

Jason Harp ’12

Co-leader, Hockey Club
Internship: Bain & Company

Educating Leaders for Business and Society

Depth of Understanding

The Yale SOM approach is broad-minded and intellectually curious. Faculty members have wide-ranging interests, and your fellow students will be from diverse backgrounds with varied professional aspirations, producing a classroom environment of rich dialogue, discussion, and debate.

Yale SOM courses take an expansive view of management challenges, crossing disciplinary boundaries and bringing a wide array of social, governmental, and other concerns into the classroom. The Yale MBA program further draws upon the resources of the entire university to give you a complete picture.

Yale SOM courses frequently make use of real-world examples, and Yale has pioneered the online “raw” case, in which students work with data—ranging from financial documents to exclusive interviews with the key players in a situation—that reflect the variety and complexity of actual management challenges.

The Yale SOM Curriculum

In the first year, you will take the Yale SOM integrated core curriculum, which is unique in its focus on the key constituencies that a leader must engage and manage. The distinctive perspective-based courses include the Customer, Competitor, Investor, and State and Society, among others. Faculty draw on many fields of knowledge and often co-teach to fully illuminate each perspective. The entire core sequence is coordinated, so that students gain from the connections between courses. This approach teaches you to draw on resources from many disciplines to make decisions and solve problems.

Starting in the second semester of the first year, you will deepen your professional expertise by taking elective courses, both at Yale SOM and around the university. In each course, you will learn from a leading expert in the field—whether it’s a Yale SOM finance professor or a scholar at the Yale Law School. Yale SOM has one of the highest faculty-student ratios among leading business schools, allowing you unparalleled access to expertise.

The Integrated MBA Core Curriculum

The core curriculum is built around the perspectives a manager must understand to lead an organization to success. This multidisciplinary approach makes the learning experience more applicable to the real world.

Colleen-Ferrand-Andrew

Colleen Ferrand-Andrew ’12

on how the Innovator course turns conventional thinking on its head

“Some think of innovation as a eureka moment. But most great ideas happen because you have the right people and you give them the support and the structure to work with each other.”

Electives Develop Advanced Skills and Extend Your Reach

Students pursue specialized study, choosing from courses at Yale SOM and throughout Yale University.

Electives

Advanced Yale SOM Electives

Courses in accounting, economics, finance, general management, leadership and organizational behavior, marketing, and strategy.

Integrated Electives

Unique Yale SOM courses that combine multiple disciplines to address contemporary business issues.

Yale University Electives

Without restriction on the number of such courses taken, MBAs take electives offered by eminent schools and departments of Yale University.

Jason Kearns

Jason Kearns ’11

on a trip to New York City as part of the Washington to Wall Street course

Connecting with Leaders

“We had the great fortune of meeting with legends like Paul Volcker, Robert Rubin, and Roger Altman. We got a sense for who these people were, where their beliefs stem from, and what values they uphold when leading their firms.”

This year I’ll be teaching the microeconomics course for all first-year students. It won’t be a typical econ course. It’s designed to integrate with the rest of the core curriculum, so the course must do more than just give students a toolbox. It’s about developing a way of thinking and approaching problems, to prepare them for the wide array of issues they will confront during their two years here and beyond.

I also bring some of my own experiences into the classroom. I have consulted for numerous corporations over the years. But I also own a business. It’s called Mighty Good Coffee and it’s a café/roaster in Ann Arbor, Michigan. I don’t run it on a day-to-day basis, but I do try out some ideas from economics on it. One of the first lessons I’ll teach is the concept of elasticity. How does demand change with price? At my business, I consciously move the price around to test this.

I am also the director of the Jackson Institute for Global Affairs. This is a new entity at Yale, and it essentially exists to draw people together from across the university to confront the key issues facing the globe today. It’s cross-school and cross-disciplinary, and we’ve already had many Yale SOM students take advantage of our offerings. These include classes in leadership, taught by General Stanley McChrystal; on the rise of China, by Stephen Roach, the former head of Morgan Stanley Asia; and on India, by Rakesh Mohan, the former deputy governor of the Reserve Bank of India. The opportunity for business students to further broaden their education in key ways is unprecedented. No other school can do what Yale can do.

James A. Levinsohn

Charles W. Goodyear Professor in Global Affairs
Professor of Economics and Management
Director of the Jackson Institute for global affairs

A New Campus

Over the next two years, the 242,000-square-foot Edward P. Evans Hall will rise at the northern end of the Yale University campus. The building, with a striking modern design, glass façade, and large courtyard will serve as the home for the Yale School of Management and will take its place among the architectural landmarks that already distinguish the Yale campus. Edward P. Evans Hall will house state-of-the-art classrooms, faculty offices, academic centers, and student meeting spaces, all specifically designed to support the school's innovative integrated MBA curriculum and enhance the Yale SOM community. Construction is scheduled to be completed in late 2013.

Visit the Edward Evans Hall website for the latest updates.

 

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Admissions

Apply online at mba.yale.edu/apply.

Round 1

Application deadline: October 6, 2011
Decision date: December 15, 2011

Round 2

Application deadline: January 5, 2012
Decision date: March 22, 2012

Round 3

Application deadline: April 12, 2012
Decision date: May 17, 2012

The Consortium

The Yale School of Management is a member of the Consortium for Graduate Study in Management, a premier organization working for diversity and inclusion in American business. Full-tuition, merit-based fellowships are available through the Consortium for select applicants. Please note that candidates for these fellowships must apply for admission through the Consortium under the deadlines set by the organization, which differ from those listed above. Go to www.cgsm.org for more information.

Joint Degrees

Yale SOM offers joint-degree programs, usually allowing students to complete two Yale degrees in a year less than would be required if the two programs were taken sequentially. These include the MBA/JD with Yale Law School, MBA/MEM or MF with Yale School of Forestry & Environmental Studies, and MBA/MD with Yale School of Medicine. Learn more at mba.yale.edu/jointdegrees.

MBA for Executives: Leadership in Healthcare

Yale SOM also offers an executive MBA program aimed at mid-career healthcare professionals. For more information, visit mbae.som.yale.edu.

Campus Visits

To schedule:
mba.yale.edu/campusvisit

For directions:
mba.yale.edu/visit

Admissions Visitor Center
55 Hillhouse Avenue
New Haven CT 06511

Contact

U.S. Mail:
Yale School of Management
P.O. Box 208200
New Haven CT 06520-8200

Courier:
Yale School of Management
135 Prospect Street
New Haven CT 06511

mba.admissions@yale.edu
mba.yale.edu
203-432-5635

Equal Opportunity Statement

Security Policy Statement

Jeffrey L. Bewkes YC ’74

Jeffrey L. Bewkes YC '74, chairman and CEO of Time Warner, didn’t start his career in the media space. After getting an MBA, he joined Citibank, thinking that it would help round out his analytical skills. But after two years, he made a dramatic change by joining HBO in 1979, long before the network became a prominent.

Bewkes, who spoke at SOM on April 8, 2010, as part of the Leaders Forum lecture series, eventually rose to be the CEO of HBO, helping to build the network into a cable powerhouse. For the last three years, he has led Time Warner as it moves beyond its failed merger with AOL and tries to adjust to an environment hostile to traditional media operations.

Taking the audience on a tour of his career, Bewkes stressed two very important lessons he learned along the way. The first, he said, is that emotional intelligence is as important as intellectual intelligence. ("Most train wrecks I’ve seen come about more from a fascinating lack of emotional intelligence or social relations than through analytical failure.") Second, he said that culture trumps strategy. You can have a good strategy, but if the firm’s culture is bad, people will ride on what worked in the past and miss opportunities. By contrast, if the culture is healthy, and people are encouraged to question the company’s direction, they can always figure out the right strategy to pursue.

Economic Thinking

In their first weeks at Yale SOM, students develop their understanding of markets and develop the critical skills to frame problems and make well informed decisions through a series of courses called Orientation to Management. The language and techniques that students learn allow them to move quickly into the nine Organizational Perspectives courses that comprise the heart of the first-year curriculum. Professor Keith Chen explains how economic thinking is a critical skills for future leaders and managers, as part of the Basics of Economics course.


Learn more about the Organizational Perspectives by watching the videos below.

The Competitor Perspective
In this Yale-created, web-based "raw" case, students draw on multiple disciplines as they explore the strategies of Target and Walmart. In addition to examining 10K filings and other documents, students visit the two stores with the mindset of a manager, assembling data on pricing strategy, brands, organizational structure, and shopping environment.

The Customer Course
The Customer course teaches students to approach marketing problems with a holistic view and to align organizational structure and strategy around the customer.

Integrated Leadership Perspective

At the end of the first year of the Yale MBA curriculum, students take the Integrated Leadership Perspective — ILP — a course designed to help them pull together all that they learned in the preceding Organizational Perspectives and Introduction to Management courses. Rather than approach a business problem from a single vantage point, such as finance, accounting, or marketing, students must consider the impact on all stakeholders — investors, customers, competitors, employees, etc. By taking into account all perspectives, students learn that real world management problems are multi-faceted, and that managers who understand the interrelated complexities of a business, its industry, and the surrounding society can best resolve them.

The Innovator
One of the nine Organizational Perspectives that comprise the heart of the first year curriculum, the Innovator focuses on issues of idea generation, idea evaluation and development, creative projects, and fostering and sustaining innovation in organizations. For the final session, students addressed a Yale SOM course on the Mayo Clinic. In the early 2000s, Mayo Clinic physician Nicholas LaRusso began asking himself a question: if we can test new drugs in clinical trials, can we also test new kinds of doctor-patient interactions? Although over the last 50 years there had been enormous advances in diagnosing and treating disease, the systems of delivering healthcare had changed little. In fact, new tests, treatments, and procedures meant that the healthcare experience had become increasingly complex for provider and patient alike.

The Business Plan
Each fall, six teams of five students from around Yale enroll in David Cromwell's and Maureen Burke's Entrepreneurial Business Planning course with an idea for a business. Most have never tried to start a business before and hope that the rigorous months in class will bring them closer to their goal. Cromwell, who headed J.P. Morgan's private equity and venture capital division, and Burke '97, who worked at Merrill Lynch and Cantor Fitzgerald before becoming an advisor to entrepreneurs and technology-based startups, created the course to be an incubator for new businesses, with the emphasis on creating great business plans.

Connecting with Leaders
There has been a lot of talk recently about tension between Wall Street and Washington. Leaders in finance and policymakers in the nation's capital have sparred over just how much regulation is necessary in the wake of the 2008 financial crisis. It would be easy for a person to see mistrust between the two as springing solely from recent events. But, as one Yale SOM course explains, to really understand what is going on now, you need a firm grasp not just on the most recent crisis, but crises going back to the Great Depression.

The course is Washington and Wall Street: Markets, Policy, and Politics, a semester-long exploration of what drives the relationship between finance and government, and how it can be expected to evolve in coming years. Team taught by Jeffrey Garten, the Juan Trippe Professor in the Practice of International Trade, Finance, and Business, and Stephen Roach, senior fellow at the Jackson Institute and the non-executive chairman of Morgan Stanley Asia, the course combines intensive classroom experience—lectures, discussions, and student presentations—with three trips to see more than 30 top leaders in finance and government.

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