Admissions

 

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All candidates for admission to the Master’s Degree in Systemic Risk program must first be nominated by a qualified institution. 

Admissions Requirements

  • Nomination letter from a qualified institution*
  • Video interview
  • GRE or GMAT
  • Statement of interest
  • Undergraduate degree in economics, finance, statistics, or a related field

* Nomination letter will include a statement verifying your employment status with the qualified institution; a comment on your qualifications for the program; and a guarantee that you will be able to return to the institution after the completion of the program. Although the applicant is not required to receive financial sponsorship from its institution to be admitted to the program, nominating institution is encouraged to include a statement describing any financial sponsorship it may be providing for the applicant. 
Qualifying institutions include central banks and other major regulatory agencies with a mandate to manage systemic risk. It also includes private institutions that has systemic risk in their business agenda.

FAQ

  • What is a qualifying institution? Does it include private institutions?

    Qualifying institutions include central banks and other major regulatory agencies with a mandate to manage systemic risk. It also includes private institutions that has systemic risk in their business agenda.

  • What should a nomination letter include?

    The nomination letter will verify your employment status, comment on your credentials and qualifications, and guarantee your return to the institution after the completion of the program. Although not required, we also encourage that it includes a statement regarding any financial sponsorships the applicant may be receiving from his or her institution. 

  • Is there a minimum GRE or GMAT score requirement for admission?

    We do not have a minimum GRE or GMAT score requirement for admission. We will, however, be using the score to assess whether the applicant would be successful in the program. 

  • Do you have a minimum TOEFL score or any other English test score requirement for admission?

    Instead of a TOEFL score, the online application will require you to complete three video questions. These questions are not meant to test your knowledge on any subject related to the program but designed to assess your English skills. 

  • When is the latest that we can submit the application?

    Currently, the deadline for all applications is April 1, 2017. If you are unable to make this deadline and are interested in applying, please contact our admissions team for assistance.

  • Is the program full-time? Is there an option to do part-time?

    This is a one-year in-residence program. We currently do not have any plans to provide an option to do the program part-time since it is meant to bring students from all parts of the world and ensure that the students receive intense training and build a strong community.

  • What kind of financial aid programs will be available?

    The students in the program will be eligible for the loan forgiveness program at Yale SOM. More information on the program can be found here

  • Does the program plan to provide placement services for its students?

    We expect all students to return to their nominating institutions after the completion of the program. Therefore, we currently do not have plans to provide a job placement or career service for our students. 

  • When do the classes start? When would we have to be on campus? What is the duration of the program?

    The students in the program are required to attend the orientation program at Yale SOM. The orientation will start mid-August 2017 and you will have to arrive on campus in time to attend the orientation. Graduation from the program will take place in May 2018. Exact dates will be notified to each admitted student. 

Cost Information

Following table provides an estimate of annual tuition and fees for the systemic risk program  2017-18 academic year and additional living expenses. The estimate is based on 2016-17 academic year and subject to adjustments.  Alumni of the Yale School of Management MMS programs will be eligible for the Loan Forgiveness Program if they meet the requirements in respect to type of employment, income, and eligible education loans.  Find more information on the program. 

Single Student Budget 2017-18
Tuition $64,200
Program Fee $1,960
Total Tuition and Fees 
$66,160
Room, Board and Personal Expenses* $21,976
Course Materials $1000
Health Insurance** $2,264
Total Estimated Living Expenses
$25,240
Total Single Student Budget
 
$91,400
 

* Estimated expenses assuming a modest lifestyle and shared housing.
** Yale University requires students to carry hospitalization insurance. The figure shown is the cost of Yale's insurance for a single student in 2015-16. Students with alternate hospitalization insurance may waive Yale Health coverage.

How to Apply

How to Apply

Decisions on the application will be made on a rolling basis. However, as space in the program is limited, applications should be submitted by April 1, 2017.

Apply Now

For questions regarding the admission process, contact us at somsysrisk@yale.edu.