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Application Information

Application Deadline

 The 2022-2023 Master’s Degree in Asset Management application is now available. The application deadline is January 11, 2023 at 5:00 p.m. ET.

Applying to the MMS Asset Management program

Requirements for Applying

The Master’s Degree in Asset Management 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 before classes start; a 3-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 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

Quantitative Preparation

Applicants should have exposure to multivariable calculus, linear or matrix algebra, microeconomic theory, probability and statistics, and computer programming. This coursework or experience does not have to be completed by the time of applying to the program but should be completed before classes start. Coursework in advanced mathematics beyond calculus and in economic theory would be excellent additional preparation.

GMAT or GRE Scores

We accept both GMAT and GRE exam scores. This includes the online versions of the exams. 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. You will self-report your scores within the application. Should you be admitted, we will ask you to send us official test scores from ETS or GMAC to verify and match your self-reported scores. Please complete this section carefully by entering the correct sub-scores and percentages. Only report official scores you have achieved in a full exam. Do not report practice exam 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. 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, 2018, you can submit your application using this test score until January 6, 2023, but you also need to order those official scores to be sent to SOM before January 7, 2023. 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, or you may not be able to send your scores to us after you are admitted.  

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 (no code needed). This includes the online versions of both  exams (TOEFL IBT and IELTS Indicator) offered during the COVID-19 pandemic. Test scores are valid for two years. For applicants applying in January 2022, 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 TOEFL or IELTS 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 your TOEFL or IELTS test score.

University Transcripts

Yale SOM asks for transcripts for every undergraduate, graduate, study abroad, and non-degree program where you received academic credit. You can upload unofficial transcript copies directly into the application. If you are admitted, we will ask for official transcripts.

If you have attended a university where transcripts are not provided in English, we will ask you to upload certified English translations and the original documents for each transcript.

One-Page Résumé

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.

Essay

The Yale SOM 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.

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.

You will provide contact details for your recommenders within your application. 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 Mandarin or Spanish. Yale University will be responsible for providing a translation to English for review by the Office of Admissions.

Application Fee

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
  • Members and alumni of Teach for America, Teach for China, Teach for India, or other Teach for All Network Partners
  • Current Forté MBALaunch or Rising Star program participants
  • Current and former U.S. Peace Corps volunteers
  • Current Yale graduate students
  • Current Yale undergraduate students
  • Management Leadership for Tomorrow (MLT)
  • QuestBridge college seniors and alumni
  • Admit.Me Fellows

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.

Video Questions

Soon 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.  

Behavioral Assessment

Soon 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 20 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.

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.  Interview invitations will be sent via email.

Reapplicant Information

Reapplicants are required to submit a new application, upload new essays (including a reapplicant essay), pay the application fee, and complete the video questions. If you have applied within the last two years, you are not required to submit new transcripts or a new test score report. Please note, GMAT and GRE scores are valid for five years (and IELTS and TOEFL scores are valid for two years) from the test date to the date of submission of your new application.

Much may have changed in the year since you last applied and you may decide to request new letters of recommendation. 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 brought over to your new application.

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 and can provide meaningful updates to your candidacy.

Applying to advanced degree programs can be a daunting process. There are lots of tasks to prioritize, manage, and complete, and sometimes it can feel overwhelming trying to keep track of it all. Our hope is that this Application Guide will provide some useful insights into the process and help make it a little easier to apply to Yale SOM.

Review frequently asked questions on admissions requirements and the admissions process.

MBA-Asset Management Joint Degree Option

Yale SOM offers a two-year joint MBA—Master’s in Asset Management degree. Candidates 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 independently to become a joint degree student. Joint-degree students must complete the first year of the MBA, including the MBA core curriculum, and complete the Asset Management coursework during the second year.

International Students

Incoming students of the Master’s Degree in Asset Management at the Yale School of Management 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

For more information contact assetmgmt.admissions@yale.edu.