Application Information

The Master’s in Asset Management program is ideal for both recent university graduates and for those who are  early in their careers. Applicants to the program must have earned a bachelor’s degree by July 31, 2025 to be eligible to start in Fall 2025; a three-year international bachelor’s degree is acceptable.

Applicants must submit the online application and the following materials:

- GMAT or GRE score (valid within 5 years of exam date)
- TOEFL, DET, or IELTS score (for international students, valid within 2 years of exam date)
- Transcripts from every college or university attended
- One page résumé
- One essay
- Two letters of recommendation 
- Application fee
- Video questions and written assessment
- Behavioral Assessment

A strong quantitative background will serve as a helpful foundation to prepare for the Master’s in Asset Management program. Courses in multivariable calculus, linear or matrix algebra, microeconomic theory, probability and statistics, and computer programming are not required for admission, but exposure to the subject matter through academic or supplemental study will provide a highly beneficial background for the curriculum. Applicants are asked to note any previous coursework in these topics in the application so the admissions committee can identify if you may benefit from additional quantitative exposure prior to matriculating at Yale SOM, including our Summer Self-Study program.

We require either a GMAT or GRE, and accept both the official online exams as well as in-person exams taken at official test centers. You may submit scores from either the GMAT Focus Edition or the GMAT version available prior to 2024, provided those scores are still valid. The admissions committee has no preference between the two exams, and we are well-versed in evaluating scores from each. When completing this section of your application, you only need to list your two highest scores to-date. Applicants are required to send official scores from the testing agency by the Post-Submission Materials Deadline. 

Applicants can send official score reports at any time directly to the Yale School of Management Master's in Asset Management. You can request official GMAT scores through www.mba.com (search for Yale School of Management and select the “Master of Management Science – Asset Management” option). 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. 

All test scores (online or in-person GMAT and GRE) must be less than five years old, measured from the date you submit your application. For example, if you are applying with a test score from January 7, 2020, you can submit your application using this test score until January 6, 2025, but you also need to order those official scores to be sent to SOM before January 7, 2025. If you took the exam within the past five years and have designated Yale SOM as a score report recipient, we will have access to all of your GMAT and/or GRE scores from that period. If your score will soon become five years old, please send them well before they age out.

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.

If your native language is not English and you have not completed a degree in an English-speaking country, we require the submission of TOEFL, DET, or IELTS test scores.

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; however, this requirement may be waived if the applicant completed a bachelor’s, master’s, or doctoral degree from an institution in which all instruction is conducted in English. Education in English-medium institutions in other countries or territories does not qualify for the exemption.

All test scores must be less than two years old, measured from the date you submit your application. For example, if you are applying with a test score from January 5, 2023, you must submit your application by no later than January 4, 2025 if you would like this score to be considered.

Applicants are required to send official scores from the testing agency by the Post-Submission Materials Deadline. You can request TOEFL score reports through www.toefl.org (code C472), Duolingo English Test (DET) score reports through https://englishtest.duolingo.com/applicants (search Yale School of Management Master's in Asset Management), and IELTS score reports through www.ielts.org (no code required). 

As part of your application, you will be asked to provide transcripts for all undergraduate, graduate, study abroad, transfer and non-degree programs you have attended and for which you were issued university-level course credit.  Professional and personal development activities not taken for university-level credit, such as CPA, CFA, and online classes for which you did not receive course credit, do not require transcripts.

You do not need to submit official transcripts when you apply, but you should submit either a copy of a physical transcript (which should appear on school letterhead and contain all available pages) or an electronic transcript (which should appear in the electronic format provided by the school that most closely replicates the format and information provided in a physical transcript with classes appearing in chronological order). Transcripts should clearly show the name of the institution, all course descriptions, and grades. Submit all available pages of each transcript, including pages that detail your institution's grading scale. We will require official transcripts once you enroll at Yale SOM; all offers of admission are conditional until the official transcripts and degree certifications are received and verified.

If your transcript is not in English, we request both a copy of the original untranslated transcript as well as a notarized English translation.

If your degree-granting university transcript includes any study abroad work or transfer credits, you’ll need to submit a separate transcript from the institution where those courses were completed.  The only exception is if your degree-granting university includes the full course names and grades (not pass/fail) for your study abroad or transfer credits; in this case, you do not need to submit a separate transcript from the institution where those courses were completed.

If you are currently a student, your transcript must reflect grades and GPA (if applicable) through the end of the most recently completed semester (typically Fall 2024). If these grades are not available at the time of your application, you must submit an updated transcript through the form on your Application Status Page as soon as your grades become available.

Applicants to the Master's in 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 Master's in Asset Management program and in your future career.

The Master's in Asset Management admissions committee would like to get to know you better through your response to the following question:

What are your short and long term career interests? Please describe what drives these interests and how they connect to your academic, professional, or personal experiences.

The essay has a 500 word limit, though candidates do not need to meet this limit, and are encouraged to answer the prompt concisely.

We require two letters of recommendation. One of the recommenders must be in a position to assess your performance in a university setting, such as a professor or academic mentor. The second recommendation must be from a professional or extracurricular supervisor or another individual who has worked with you in an applied setting (such as an internship, full-time work experience, research, or long-term academic project). We highly recommend securing a recommendation from what you consider to be your most significant professional or applied experience.

While all letters must be written in English, we encourage you to find recommenders who can best speak to your past experiences, regardless of their English language fluency. We will evaluate only the substance of the recommendations, not the proficiency of the language used therein. Your recommenders may choose to write their letters in English or to write in their native language and use one of many free translation programs available.

Applicants to the Yale SOM Asset Management program will be assessed an application fee of $95. You will pay the fee with a credit card directly after submitting your application form.

Yale SOM waives the application fee for members of the following groups: 

• Active U.S. military members and U.S. military veterans
• Alumni and current students of nearly 700 US colleges and universities that have significant initiatives to promote economic diversity, including institutions where at least 35% of students receive Pell Grants. 
• Alumni of Girls Who Invest 
• Current Forté MBALaunch or MBALaunch for Undergrads participants
• Current and former U.S. Peace Corps volunteers
• Current students at Yale University 
• Management Leadership for Tomorrow (MLT) MBA Prep fellows 
• Members and alumni of Teach for America, Teach for China, Teach for India, or other Teach for All Network Partners
• Members and alumni of First Generation Investors 
• QuestBridge college seniors and alumni

Within the Yale SOM application, you can request a fee waiver if you meet any of these criteria. We ask students requesting  a fee waiver to do so at least 48 hours before the application deadline.

After you submit your application and pay the application fee, you will receive access to the assessment within your application status portal. The exercise will be recorded through a system called Kira. You will have the opportunity to answer non-recorded practice questions before moving on to your recorded questions. Once you are ready to begin the assessment, the first two questions will require short verbal responses. The third and final question will require a written response, typed into a textbox within the Kira system.

You will receive a randomized set of questions. The questions asked are similar to  typical interview questions and there are no “trick questions.” This exercise is not a substitute for the interview; it is one component of your application. You will not have the chance to change your responses.

We suggest completing this exercise in a quiet space. You will need a strong, high-speed internet connection. You must use a desktop or laptop computer; the system will not allow you to use a mobile device.  

After you submit your application and pay the application fee, you will receive access to the assessment within your application status portal. The Behavioral Assessment is an online admissions tool administered by the research division of ETS, which measures a set of interpersonal and intrapersonal competencies associated with business school success. It is a forced-choice module that takes about 25 minutes to complete, and should be completed in a single sitting. Applicants do not need to do anything in advance to prepare for the assessment, nor does it require any specialized knowledge, background, or information to complete.

Interviews are offered by invitation on a rolling basis throughout the admissions cycle and are 30 minutes in length. You will be contacted via email if invited to interview.

Reapplicants are required to submit a new application, upload new essays (including a reapplicant essay), pay the application fee, and complete the video questions and Behavioral Assessment. If you have applied within the last two years, you are not required to submit new transcripts (unless they contain new information since your previous application) or a new test score report, unless improvements have been made that you would like the Admissions Committee to note.

Your circumstances may have changed in the year since you last applied, and you may decide to request new letters of recommendation. However, if you wish to use one or both letters from your previous application, please email us and let us know which letter you would like us to reattach in support of your new application file.

If you are reapplying, the Admissions Committee will look to understand what has changed about your candidacy since your last application. Therefore, we suggest you reapply only when you have had enough time to reflect on your candidacy and can provide meaningful updates.