Yale SOM Dean Edward ‘Ted’ Snyder announced that he would step down in June of next year nd join the faculty after serving a total of 18 years as dean of three of the world’s most prestigious business schools.
Before becoming dean of Yale in July 2011, Snyder had been dean of the University of Chicago’s Booth School of Business for nine years from 2001 to 2011. He came to Booth after serving as dean of the University of Virginia’s Darden School of Business for three years from 1998 to 2001.
The unexpected announcement comes on top of four concurrent searches for major deanships in the U.S.
- Northwestern University, Cornell University, UC-Berkeley and UCLA are all searching for new leaders for their prestigious business schools.
Anjani Jain, a former Wharton professor and administrator who is currently acting dean, and David Bach, a former IE Business School professor and administrator, who is deputy dean are two leading candidates to succeed Snyder.
Major Accomplishments At Yale SOM
- Substantially boosted influence, visibility, and recognition of school reflected in improved rankings
- Conceived and built the Global Network for Advanced Management (GNAM), a network of 31 top business schools on six continents
- Conceived and introduced a one-year, post-MBA Master of Advanced Management degree for students from GNAM member schools
- Introduced a Master of Management Studies, a one-year degree program with multiple tracks of study
- Introduced a Global Studies Requirement and Global Studies Accounts for all MBA and MAM students, along with a new leadership curriculum
- Built out SOM’s entrepreneurship program, appointing inaugural director of Entrepreneurship Programs
- Led a substantial increase in scholarship support for students
- Launched school-wide initiatives on Asset Management, Healthcare, and Sustainability
- Increased levels of alumni involvement, with the highest percentage of annual giving by alumni of any Yale academic unit
- Six consecutive years of operating surpluses (FY2012-FY2017)
Synder also reeled in the largest gift to any business school ever–$300 million—nearly doubling the school’s endowed professorships, tripling scholarship assistance, and increasing the school’s endowment from $197 million to $475 million, not including the impact of David Booth’s gift. Under him, Chicago Booth moved from 10th in the Businessweek rankings to 1st and held onto its No. 1 status for eight years. The Economist also ranked Booth at the top of its list twice during his tenure. No less impressive, Booth ranked in the top 10 in 74 of 78 rankings during his deanship.