The online application is now closed. The application deadline for our next admissions cycle will likely be announced in mid July 2020.
March 26, 2020
Principles on Holistic Admission and Spring 2020 Grades
Recognizing the challenges to teaching and learning during the COVID-19 pandemic, the Provost and Deans of Yale University adopted the following principle:
Yale’s admissions offices for graduate and professional schools evaluate applicants holistically and will take the significant disruptions of COVID-19 into account when reviewing students’ transcripts and other admissions materials relating to Spring 2020. In particular, we will respect decisions regarding the adoption of Credit/Fail and other grading options during this unprecedented period, whether they are made by institutions or by individual students.
Applicants to the program should have completed a bachelor’s degree before classes start. The Master’s Degree in Asset Management is ideal for recent university graduates with less than three years of post-graduate experience. Applicants should have a strong quantitative background, including at least one course in upper-division statistics and/or probability mathematics. Coursework or experience in computer programing, advanced mathematics beyond calculus, or economic theory would be excellent additional preparation. A STEM or quantitative-focused business degree is excellent preparation but not a requirement.
Completed Online Application Form
The application will include a comprehensive online form and space to upload required documents. Please do not send Yale SOM application materials before the online application is available.
GMAT or GRE Scores
We ask for a GMAT or GRE score to help assess an applicant’s readiness for graduate coursework in a management field. The Admissions Committee will accept either a GMAT or GRE. There is no preference between the two test scores.
Applicants can send official GMAT scores through www.mba.com (code 3TJ-BX-20). Send official GRE scores through www.ets.org (code 4548). Yale SOM has multiple GMAT and GRE codes. Be sure to send your scores to the codes above, which correspond to the Yale SOM Asset Management program. Test scores are valid for five years. For applicants applying in January 2020, we will accept a GMAT or GRE score taken after January 27, 2015.
Current Yale College seniors with a GPA of 3.7 or above, and Yale College alumni within three years of graduation with a cumulative GPA of 3.7 or above, are exempt from the GMAT/GRE test requirement.
English Language Proficiency
If your native language is not English and you have not completed a degree in an English-speaking country, you are required to submit either the TOEFL (code C472) or IELTS exam. Test scores are valid for two years. For applicants applying in January 2020, we will accept a TOEFL or IELTS test taken within two years of the date of your application submission.
Regardless of the language of instruction at your university, we will require an IELTS or TOEFL score if you completed your degree in a non-English-speaking country. Applicants studying in countries or territories that list English as an official language, such as India, Pakistan, Hong Kong S.A.R., or Singapore, are still required to submit an English language test.
When assessing English language abilities, we will also consider any other experiences you’ve had in English, such as internships and study abroad, in addition to the TOEFL or IELTS test score.
Yale SOM asks for transcripts for every undergraduate, graduate, study abroad, and non-degree program where you received academic credit. Applicants can upload unofficial transcript copies directly into the application. If the applicant is admitted, we will ask for official transcripts.
For students attending universities where transcripts are not provided in English, we will ask the applicant to upload certified English translations and the original documents for each transcript.
Applicants to the Asset Management program will upload a résumé that details professional and academic background, including any internships or full-time employment. Include activities and interests that are relevant to your application, highlighting any leadership or team-based roles you have undertaken. A strong résumé will contextualize past academic and professional accomplishments that will help you succeed in the Yale SOM Asset Management program and in your future career.
The Yale SOM admissions committee would like to get to know you better through your responses to the following two questions:
- Why are you interested in the Yale SOM Master’s Degree in Asset Management program? Please use this question to discuss your short-term goals and interests both during and directly after completing the program. (300 word limit)
- What do you hope to accomplish in the asset management field? Please use this question to explain your long-term career interests. (300 word limit)
Letters of Recommendation
We require two letters of recommendation, one of which should come from an academic professor or mentor. Ideally, the second recommendation should come from a professional or extracurricular supervisor, or from a professor who has worked with you in an applied setting (such as an internship, research, or an applied project). For applicants with no professional experience, we will accept two academic letters of recommendation.
In the online application, you must give Yale SOM the name and contact details for your recommenders. We will contact them directly to ask for their recommendations. We will not accept official recommendations via post or email.
Yale SOM welcomes your recommenders to upload and submit letters of recommendation written in Chinese (Mandarin) or Spanish. Yale University will be responsible for providing a translation to English for review by the Office of Admissions.
Applicants to the Yale SOM Asset Management program will be assessed an application fee of 95 U.S. dollars. You will pay the fee with a credit card directly after submitting your application form.
All applicants will record a video response to one question, available after paying the application fee. The question you get will be randomized and will ask you to speak about an academic or professional experience.
The video question will be recorded over a system called Kira. You will have the opportunity to answer non-recorded practice questions before moving on to your recorded question. After hearing the question, you will have one minute to prepare your response and up to two minutes to deliver your response. You will not have the chance to re-record your response.
We suggest recording the video question in a quiet space. You will need a strong, high-speed internet connection. You must use a desktop or laptop computer; the recording system will not allow you to use a mobile device.
While reviewing your application, the Admissions Committee may decide to invite you for an interview. The committee will interview applicants by invitation only. Not all applicants will be invited to interview, and an interview is not a requirement for admission to the program. If invited for an interview, you will have the option of interviewing in person at Yale SOM or via an online interviewing program.
Yale SOM offers a two-year joint MBA-Master’s in Asset Management degree. Candidates must apply to both the Asset Management program and the MBA program. They may apply to both programs simultaneously or apply to the Asset Management program during the first year of the MBA program. Applicants must be admitted to both programs separately to complete the joint degree. Students must complete the first year of the MBA, including the MBA core curriculum, before completing the Asset Management coursework during the second year.
Incoming students of the Master’s Program in Asset Management at the Yale School of Management now have the opportunity to qualify for an additional two-year STEM extension of their Post-Completion OPT work permission.
Please note: Enrollment in a STEM field is only the first qualification in a series of eligibility criteria for the STEM OPT extension. It is ultimately the decision of the Department of Homeland Security to approve these benefits. Review the Department of Homeland Security’s webpage about the STEM extension.
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