Yale School of Management

Application Information

Application Deadline

The application  for the 2020-21 admissions cycle is closed.  We will announce dates and deadlines for the 2021-22 application cycle sometime in September 2021.

Application Requirements

  • Prerequisites

    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 completed a bachelor’s degree before classes start; a 3-year international bachelor’s degree is acceptable.

    Applicants should have a strong quantitative background, including coursework in multivariable calculus, linear algebra, and probability & statistics; applicants should also have some coursework or experience in 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. Having a STEM degree or a quantitatively-focused business degree is excellent preparation but is 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 accept both GMAT and GRE exam scores. This includes the online versions of the exams offered during the COVID-19 pandemic. The admissions committee has no preference between the two exams, and we’re 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 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 application deadline. For applicants applying in January 2021, we will accept a GMAT or GRE score for tests taken after January 9, 2016.

    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 2021, 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. 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.

  • 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.

  • Essays

    The Yale SOM admissions committee would like to get to know you better through your responses to the following two questions:

    1. 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)
    2. 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.

  • Application Fee

    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.

  • Video Questions

    You will receive access to the video questions after you submit your application and pay your application fee. 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 questions. The video questions are not a substitute for the interview; they are a component of your application. You will not have the chance to re-record your responses.

    Every candidate will receive two randomized, previously recorded questions asked by an admissions team member. No two applicants will have the same set of questions. The questions asked are similar to typical interview questions, and there are no “trick questions.”

    After the question has been asked, one of the questions will allow for 20 seconds to gather your thoughts and 60 seconds to deliver an answer. The other question asked will allow for 30 seconds to prepare your response and 90 seconds to respond. You do not need to fill the entire response time. You can complete your answer and end the recording.

    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. 

  • Interview

    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 be interviewing via an online interviewing platform.

  • 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.

Joint-Degree Candidates

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.

International Students

Incoming students of the Master’s Degree 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

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