New Yale SOM Dean Appointed: Edward A. Snyder
President Richard C. Levin has announced the appointment of Edward A. Snyder as dean of the Yale School of Management (SOM), beginning July 1, 2011.
Snyder is currently dean and the George Shultz Professor of Economics at the University of Chicago Booth School of Business. Last month, he announced his decision to step down as dean of Chicago Booth effective June 30. Following a year’s leave, he will assume the deanship of Yale SOM. Sharon M. Oster will continue as dean of Yale SOM during Snyder’s sabbatical year.
“Ted Snyder is widely regarded as the most successful business school dean in the nation,” Levin said. “He brings experience, enthusiasm, and vision to the Yale School of Management, and he looks forward to maintaining the school’s tradition of preparing students for leadership in business and society by raising their awareness of the context in which business operates.
“Ted especially appreciates Yale’s openness to collaboration across its schools and departments and its strong institutional commitment to infusing its educational programs with global experiences and global awareness,” Levin added. “Ted is also committed to advancing the curricular innovations begun by the SOM faculty three years ago.”
Snyder has served as dean of Chicago Booth since 2001. Under his leadership, the school almost doubled its number of endowed professorships and more than tripled its scholarship assistance to students. Snyder oversaw the move to the school’s new Hyde Park campus on time and on budget, expanded the school’s presence in Singapore, and established a new campus in London. In 2008, Snyder announced a $300 million gift from Chicago alumnus David Booth and his family, which was the largest donation in the history of the University of Chicago and the largest gift to any business school in the world. In recognition of this gift, the school was renamed in Booth’s honor. During Snyder’s tenure, the school also successfully completed a capital campaign and more than doubled its endowment.
Snyder started his professional career as an economist with the Antitrust Division of the U.S. Department of Justice, where he served for four years. He began his academic career on the faculty at the business school of the University of Michigan, where he also served as senior associate dean and founding director of the Davidson Institute, which focuses on emerging markets. Before returning to the University of Chicago in 2001, Snyder was dean and the Charles C. Abbott Professor at the University of Virginia Darden School of Business from 1998 to 2001. At Darden, he directed an expansion of the school’s M.B.A. program, worked to improve the diversity of the student body, significantly increased the school’s executive education offerings and led highly successful fundraising efforts, including a record gift from a single donor.
Snyder received his M.A. in public policy in 1978 and Ph.D. in economics in 1984 from the University of Chicago. His research interests include industrial organization, antitrust economics, law and economics, and financial institutions.
He has published in many academic journals, and at Chicago Booth he has co-taught “Economic Analysis of Major Policy Issues” with fellow economists Gary Becker, who was awarded the Nobel Prize in Economics in 1992, and Kevin Murphy, a 2005 MacArthur Fellow. He serves on the boards of Argonne National Laboratories, Chicago Civic Alliance, Colby College and Career Education Corporation.
Commenting on his appointment, Snyder noted, “I am tremendously excited and look forward to joining the Yale School of Management. The school’s deeply held values, its broad focus and connection to the rest of the University, its outstanding people, and its commitment to innovation all position the school to play an increasingly influential and preeminent role in the years ahead.”
In announcing Snyder’s appointment, Levin praised Oster for her continued service to Yale SOM. “Sharon stepped up without hesitation to the dean’s role last year when my unexpected call came. She has served the SOM community with a steady hand and unwavering commitment, and I am truly grateful she has agreed to stay on as dean until Ted Snyder’s arrival in 2011.”
Levin also noted that site clearance and the preparation of final drawings are underway in preparation for initiating construction of the school’s new campus, designed by Norman Foster, in the summer of 2010, and acknowledged the generosity of alumni of both SOM and Yale College in providing funds for new campus construction. He expressed confidence that sufficient funding commitments will be forthcoming so that the project can proceed to construction without delay.