School Notes: School of Management
November/December 2013

New program in financial stability

Yale SOM has established the Yale Program on Financial Stability to provide research and training to regulators in the new field of macroprudential financial regulation, which focuses on measuring and managing systemic risk in financial markets. Andrew Metrick ’89, ’89MA, deputy dean and Michael H. Jordan Professor of Finance and Management, directs the nonpartisan program, which was established with a grant from the Alfred P. Sloan Foundation. The program’s activities include four interrelated initiatives: the Systemic Risk Institute, an annual program for economists working in macroprudential roles in regulatory agencies and central banks; an annual conference and related publication of papers from leading scholars that bridge theory and practice; the creation of “raw” case studies based on primary source material that will document the interaction of firm behavior and financial regulation; and outreach to regulatory agencies to include these case studies as part of their in-house training programs.

Yale SOM welcomes new students

More than 350 students in four degree programs joined the Yale SOM community this fall. The new students include 290 full-time MBA students, 22 in the MBA for Executives: Leadership in Healthcare program, and 39 in the master of advanced management program, as well as 13 beginning doctoral studies in marketing, accounting, organizations and management, and finance. The new MBA students are diverse and accomplished: The class is 39 percent women, 32 percent international students, and 10 percent US underrepresented minorities. They have an average college GPA of 3.57 and an average GMAT score of 714. They’ve worked at top financial firms Goldman Sachs, Credit Suisse, and Deutsche Bank; leading consulting firms Deloitte and McKinsey; tech powerhouses Apple and Google; the US and South Korean militaries; Teach for America, the Clinton Health Initiative, and Habitat for Humanity. They include doctors, lawyers, and engineers. 

Accounting professor honored

Shyam Sunder, James L. Frank Professor of Accounting, Economics, and Finance, has received the Outstanding Accounting Educator Award of the American Accounting Association. The award recognizes sustained contributions to accounting education, from scholarly endeavors in research and teaching over a sustained period of time through educational innovation, excellence in teaching, publications, research guidance to graduate students, and significant involvement in professional and academic societies and activities. Sunder, a pioneer in the fields of experimental finance and experimental macroeconomics, studies the problem of structuring US and international accounting and auditing institutions to obtain a judicious and efficient balance between regulatory oversight and market competition.