Founded with a mission
The Yale School of Management was founded to advance a vision of a better way to educate leaders—purposeful, entrepreneurial, multisectoral, with a focus on how leaders can both advance organizational objectives and contribute to society. The school has evolved and grown in the ensuing decades, while keeping its mission as a guiding light. Since opening its doors in 1976, Yale SOM has produced thousands of alumni who act out this vision in organizations large and small across countries, industries, and sectors.
1971
The University received a bequest from the estate of Frederick W. Beinecke, PhB 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 (MPPM). 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.”
