User:Uris/Yale SOM
| Motto | Novus Ordo Seclorum A New Order of the Ages | |
|---|---|---|
| Established | 1976 | |
| School type | Graduate School | |
| Dean | Jeffrey T. Garten | |
| Location | New Haven, CT | |
| Enrollment | 480 graduate | |
| Faculty | 120 | |
| Endowment | US $330 million | |
| Website | mba.yale.edu | |
Yale SOM (the Yale School of Management) is one of America's leading graduate business schools. Founded at Yale University during the year of the U.S. Bicentennial in 1976, it is the youngest among the top schools. Known from the beginning as a selective program, the school nonetheless experienced growing pains while offering the Masters of Private and Public Management (MPPM) as the name of its degree for the first twenty-three years of its history. It was not until it began awarding the standard Masters of Business Administration in 1999 that it began fully growing into its role as one of Yale's widely known graduate programs. Since it began offering the MBA, the number of companies recruiting on campus has increased dramatically.
Despite its young age, Yale SOM is housed in four historic mansions at the top of Hillhouse Avenue, which Charles Dickens once called "the most beautiful street in America". In the tradition of Yale's other graduate programs such as Yale Law School, SOM is purposely small and intimate, with one-third to one-fourth the class sizes of Harvard Business School and the Wharton School of Business and a low student-to-faculty ratio. The primary intention of this environment "where everybody knows your name" is to ensure the quality of the academic experience as well as the rarity of the degree.
The program is probably best known for its programs in Finance, and New Haven is only 75 miles from New York City. Yale is approximately a 1½-hour commute to Grand Central Station by train. Roughly 50% of recent graduating classes have gone into financial careers, and a large majority of those accept offers of employment at investment banks on Wall Street.
Research
[edit]Special Programs
[edit]Y50K, Yale Entrepreneurship Society (YES)
National Business Plan Competition for Nonprofit Organizations
Sachem Ventures
International Center for Finance
Chief Executive Leadership Institute
International Institute for Corporate Governance
Center for Consumer Insights
Environment Management Center
Program on Social Enterprise
Alumni Giving and Endowment
[edit]54% of alumni gave to Yale SOM in a recent year, and it is one of only two business schools at which the number of alumni donors is greater than the number of non-donors (the other being the Tuck School of Business). SOM has an endowment of $330 million, or roughly $700,000 per student. The high level of support among the school's alumni has allowed SOM to increase its number of faculty by 60% in recent years, and the research and scholarship profile of the program has been broadened considerably.
Top Ten Rankings
[edit]- Ranked #1 "Salary percentage increase" in U.S. by the Financial Times (2005).
- Ranked #2 "Best Overall Academic Experience" by the Princeton Review (2005).
- Ranked #5 Overall by Forbes magazine (2003).
- Ranked #6 Overall by the Wall Street Journal (2005).
- Ranked #7 Overall in U.S. by the Financial Times (2005).
- Ranked #8 "Toughest to Get Into" by the Princeton Review (2005).
Alumni of Note
[edit]Yale SOM has a very short history compared to most business schools, but since graduating its first class in 1978 it has already produced its share of distinguished alumni.
- Austin Ligon 1980 - CEO, President, and Co-Founder of CarMax