Stanford GSB | Mr. Infantry Officer
GRE 320, GPA 3.7
Harvard | Mr. Renewables Athlete
GMAT 710 (1st take), GPA 3.63
UCLA Anderson | Ms. Apparel Entrepreneur
GMAT 690, GPA 3.2
McCombs School of Business | Mr. Ernst & Young
GMAT 600 (hopeful estimate), GPA 3.86
Harvard | Mr. Armenian Geneticist
GRE 331, GPA 3.7
Berkeley Haas | Mr. 1st Gen Grad
GMAT 740, GPA 3.1
Ross | Mr. Travelpreneur
GMAT 730, GPA 2.68
Harvard | Ms. Developing Markets
GMAT 780, GPA 3.63
London Business School | Ms. Numbers
GMAT 730, GPA 3.5
Kellogg | Mr. Innovator
GRE 300, GPA 3.75
IU Kelley | Mr. Fortune 500
N U Singapore | Mr. Naval Officer
GMAT 710, GPA 3.2
NYU Stern | Ms. Entertainment Strategist
GMAT Have not taken, GPA 2.92
Chicago Booth | Mr. Bank AVP
GRE 322, GPA 3.22
INSEAD | Ms. Spaniard Consultant
GMAT 710, GPA 8.5/10.00
NYU Stern | Mr. Army Prop Trader
GRE 313, GPA 2.31
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
Stanford GSB | Ms. Healthtech Venture
GMAT 720, GPA 3.5
Columbia | Mr. Senior Research Analyst
GMAT 720, GPA 3.58
Stanford GSB | Mr. Doctor Who
GRE 322, GPA 4.0
Rice Jones | Mr. Carbon-Free Future
GMAT 710, GPA 4.0
Duke Fuqua | Mr. Salesman
GMAT 700, GPA 3.0
Chicago Booth | Mr. Healthcare PM
GMAT 730, GPA 2.8
Harvard | Mr. Healthcare PE
GRE 340, GPA 3.5
INSEAD | Mr. Data Savvy Engineer
GRE 316, GPA 2.92
Harvard | Mr. Policy Player
GMAT 750, GPA 3.4
London Business School | Mr. FANG Strategy
GMAT 740, GPA 2.9

Darden: Where Great Teachers Are Gods

Master teacher Yiorgos Allayannis at work in a Darden classroom


The day’s assigned case, “The Weekend That Changed Wall Street,” is meant to provoke a thoughtful and provocative discussion. It is a deep dive into the 2008 bankruptcy of Lehman Brothers, an event that shocked the financial world and helped to trigger the severe global recession.

So the first question that finance professor Yiorgos Allayannis scribbles on the blackboard in classroom 190 at the University of Virginia’s Darden School of Business evokes Shakespearean overtones: “To bail out or not to bail out.”

It turns out that it’s not the only question on this Monday (Feb. 20), but it is the first one asked of the MBA students in this highly popular elective course on Financial Institutions and Markets. Most of the students who raise their hands favor the government’s decision to let the investment banking firm go bust. Only eight students believe it was a mistake.

Cold calling one MBA after another, Allayannis is drawing out the arguments for and against a bail out of Lehman before delving into the intricacies of the commercial paper market and credit default swaps, which are central to the case. When he asks a student why the commercial paper market exists, Allayannis is given a fairly crisp definition: these are short-term loans used to cover inventory expenses, accounts receivables, and the working capital need of investment-grade companies.

“That’s accounting language I don’t understand,” he shouts back. “I want feelings and emotions, poetry. If the market dries up, it will affect the GEs and the Intels of the world. There will be no salaries, no jobs, no company. Where is this stopping? In a park downtown,” Allayannis says dramatically.


The 46-year-old, Greek-born professor looks a little like a young Clint Eastwood. He’s trim and tall, just over six feet, with a friendly angular face and light blue eyes. In the classroom, he moves around like a human tornado, whirling this way and that, up and down the tiered steps in the center of the class, waving his arms in the air, raising and lowering his voice as if an actor on a stage. At times, he is nearly breathless and perspiring from the whirlwind of action.

“He starts by drawing you to the edge of your seat with a remarkably passionate and engaging teaching style, and then he keeps you there by driving you to make and defend specific, time-critical decisions rather than accepting easy generalizations” says Nathan DeLuke, who graduated last year.

There is no doubt that he is a master teacher who can make finance—not the easiest of business school subjects—compelling and entertaining. Great teachers are common in many business school classrooms from Harvard to Northwestern. But they are especially common at the Darden School, the only B-school in the U.S. to score in the top 20th percentile of BusinessWeek’s student satisfaction surveys over 24 years for exceptional teaching (see “Business Schools With The Best Teaching Faculty.”)


Allayannis is one of many superstar teachers at Darden, and his evolution here provides much insight into how this school has made teaching an integral and defining part of its culture. That wouldn’t be such a key distinction except that the faculty at most business schools are so thoroughly focused on research that the quality of their teaching often is inconsistent and mediocre—even at some schools that regularly top lists of the best.

That’s largely because most schools hire and promote faculty on the basis of their publication in scholarly journals that are largely unreadable. Teaching tends to be a nice-to-have attribute in a professor, not a must-have requirement. So the system is geared to rewarding the professors who are highly productive in research and just okay in the classroom.

But at Darden, where instruction is based largely on case studies of challenging business issues–teaching is a must-have part of the life of an academic—equally important as research. “Teaching is at the core of the institution,” says Allayannis. “The teaching environment at Darden is exhilarating. It forces you to be the best that you can be because your colleagues are such tremendous teachers. And teaching is very much talked about and discussed.”

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.