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MMS in Systemic Risk Class of 2019

Yale SOM Welcomes Master of Management in Systemic Risk Class of 2019

Students in the Class of 2019 have come from central banks and regulatory agencies across the world to Yale SOM’s program dedicated to understanding and managing global systemic risk.

By Karen Guzman

The Yale School of Management welcomed its new Master of Management Studies (MMS) in Systemic Risk class to campus on August 20 for a weeklong orientation program.

The MMS Systemic Risk program is a one-year, in-residence specialized course of study for employees of central banks and other major regulatory agencies who manage risk. The program is designed to give students from around the world a deeper understanding of global approaches to managing systemic risk and responding to future financial crises. The first-of-its-kind master’s program launched in fall 2017.

The incoming students begin orientation alongside their classmates in Yale SOM’s Master of Advanced Management program and Master of Management Studies in Global Business and Society programs. The school’s full-time MBA class arrived on August 13, and the MBA for Executives program welcomed new students in July.

The 10 new MMS in Systemic Risk students represent the Central Bank of Turkey, Board of Governors of the Federal Reserve System, Ministry of Finance Japan, Reserve Bank of India, Office of Financial Research, U.S. Treasury, and the Banks of Indonesia, China, and Mexico.

“We are delighted by the quality and diversity of our class this year,” said Andrew Metrick, the Janet L. Yellen Professor of Finance and Management and director of the Yale Program on Financial Stability. “This class brings deep experience in central banking and financial regulation and represents economies large and small from all over the globe.”

In all, a total of eight nationalities are represented, and the class is 40% women. Three of the students are dual-degree, pursuing both MMS in Systemic Risk and MBA degrees. Over the course of the academic year, the students will complete a slate of required courses focused on the global financial system. They will also take specialized elective courses, such as statistics, economics, and finance.

The new class boasts diverse accomplishments and experiences. The varied roles students have held include research analyst at the U.S. Treasury Department; and a position ensuring oversight of lending and regulatory compliance of the state-owned enterprise loan portfolio for one of China’s fastest growing regional banks. 

One student worked for the Japanese Ministry of Finance, while another helped foster agribusinesses throughout Sub-Saharan Africa.