FAQ

The Master’s in Asset Management is ideal for candidates early to their asset management career: coming direct from undergraduate study, recent graduates, and early-career professionals. 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.

While no particular coursework is a requirement for the application, students will benefit from a strong quantitative background, including coursework in multivariable calculus, linear algebra, microeconomic theory, and probability and statistics. Students also benefit some coursework or experience in computer programming.

Applicants to the Master's in 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

You will be prompted within the application to submit a request for a waiver and any required documentation. If requesting a fee waiver, please plan to submit your application at least two business days before the application deadline.

You may visit our Class Profile for an overview of the available data for the Class of 2025. Keep in mind, however, that these statistics are averages and ranges, and may not represent the full, diverse spectrum of who we admit.

The three most important components of an application are academic preparation, professional impact and potential and your desire to make a difference in the field of asset management. We highly value quantitative skills in economics, applied math, and STEM; however, our student body comes from a diverse range of backgrounds.

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.

Yes, the Master’s in Asset Management was designed for early career professionals in the asset management industry. Whether you are currently finishing your undergraduate degree or you have work experience in a different field and are looking to pivot into the financial services industry, you may be an excellent candidate for admission.

If you’re currently an undergraduate student, you can strengthen your academic courseload with classes such as multivariable calculus, linear algebra, microeconomic theory, and probability and statistics, just to name a few. You should also consider some coursework or applied experience in computer programming. In general, students planning on entering the asset management industry should have a strong quantitative background. We encourage you to make room in your schedule – whether through coursework at your undergraduate institution or through an online certificate program – to build a good quantitative foundation, as it will serve you well when trying to secure a job in the asset management industry. Additionally, we encourage you to take a look at your campus offerings, like finance or investing clubs, student run funds, and internship opportunities to gain practical experience in the field.

The Master’s in Asset Management is a 9-month, quantitatively intensive program. Students may not extend or shorten this degree. 

No, the Master’s in Asset Management is a full-time, on-campus master’s degree program.

Our graduates are performing a range of functions upon graduating from the Master's in Asset Management program , from buy-side analyst to investment manager just to name a few, and have settled in geographic regions as nearby as Greenwich, Connecticut to as far away as Shanghai, China. We invite you to explore the Careers/Employment page of our website, as well as our Class of 2023 Employment Report.

We do not offer pre-application reviews and are unable to provide feedback on your chances for admission. The only opportunity to receive feedback regarding candidacy for the program is if the Admissions Committee has placed the applicant on the waitlist. The waitlisted applicant may then ask for feedback, allowing them to provide targeted updates to the submitted application.

The Admissions Committee considers applications holistically, and reviews each in the context of the overall pool without fixed criteria, formulas, or weight given to specific pieces of the application. You may visit our Class Profile for an overview of the available data for the Class of 2025. Keep in mind, however, that these statistics are averages and ranges, and may not represent the full, diverse spectrum of who we admit. 

Sometimes applicants have a scheduled GMAT/GRE exam or English language proficiency exam very near or just after an application deadline. We can’t guarantee that we will be able to review scores from exams taken after the application date, so plan to have all of your testing done before the application deadline. If you do end up retaking a test after the application deadline, you will be able to enter the new score on your applicant status page.

There is no minimum GMAT or GRE score required to apply to Yale SOM.

Yes, you are required to send official scores from the testing agency of your exam. You may send your official score reports at any time directly to the Yale School of Management Master’s in Asset Management. You can request GMAT score reports through www.mba.com (search for Yale School of Management and select the “Master of Management Science – Asset Management” option) and GRE scores through www.ets.org (use code 4548). NOTE: Yale SOM has multiple GMAT and GRE codes. Be sure to send your scores to the codes above, which correspond to the Yale SOM Master's in Asset Management program.
 

All test scores 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 December 15, 2019, you must submit your application by no later than December 14, 2024 if you would like this score to be considered. You must send us an official score report for any exam before it expires, as you will not be able to send a report for an expired test score.

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.

We see and consider all the scores reported to Yale SOM as we review your application, although we credit the highest score you achieved. We do not average scores. If you have taken either exam more than once and have already reported your scores, you will need to report all subsequent scores to our institution code, should you enroll at Yale SOM.

You may send your official score reports at any time directly to the Yale School of Management Master’s in Asset Management. Applicants can send 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 Master's in Asset Management program.

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.

Only report a GPA if it is listed on your transcript; do not calculate your own GPA if it does not appear on your transcript.  In this case, leave the GPA field blank and check the box reading “No GPA reported on transcript.”

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.

If any aspect of your application requires additional explanation, you can address it in the Optional Information section. This might include academic performance, promotions or recognitions, or other information that is not apparent from the rest of your application. The Optional Information section is truly optional - if no aspect of your application requires further explanation, you should leave this section blank.

The Behavioral Assessment is a non-cognitive instrument that measures a set of inter- and intrapersonal competencies that are associated with success in a business school program. It will never be the deciding factor for admission but will instead be viewed in combination with the rest of your profile.

The assessment is a series of questions that will take roughly 25 minutes to complete. It does not require any knowledge or advanced preparation, you’ll simply be presented with pairs of statements and asked to select the ones that best match your own behaviors.

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.

Joint-degree applicants must apply to and be admitted to both programs independently. Applicants may apply to both programs simultaneously, or apply to the Master’s in Asset Management program during their first year of the Yale SOM MBA program.

In the MBA/Master's in Asset Management joint-degree program, students must complete the first year of the MBA program, including the MBA core curriculum, and then complete the asset management coursework during the second year. Both degrees will be awarded at the end of the two-year period.

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. 

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.

Once you submit your application online, you will be able to check your online status by signing in with your email address and password. You will then be able to see which materials our office has received and which we are still awaiting.

Applications for the Master's in Asset Management Class of 2026 are now under review, and decisions will be released on March 27, 2025.

After submitting your application, any material changes or updates – such as new grades or a change in employment – must be reported as soon as possible through the form on your application status page. You may also use this form to report other updates, such as a new test score. We will do our best, but we cannot guarantee that new materials received after the application deadline will be considered in our evaluation process.

All applicants are automatically considered for a merit scholarship. There is no need to take any additional steps to be considered. If you are awarded a scholarship, you will be notified at the same time you learn of your admission to the program.

Yes, this program is STEM designated.

To apply to Yale SOM, an applicant must have a four-year bachelor’s degree from an accredited U.S. institution or the international equivalent. International applicants with a three-year degree from an accredited institution may apply.

Yes, non-English transcripts should be translated into English. If your institution does not provide an English translation with the transcript, you should obtain a notarized English translation. Please provide both the translation and a copy of your transcript in its original language.

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.

Test scores are valid for two years. For applicants applying in January 2025, we will accept a TOEFL, DET, or IELTS test taken within two years of the date of your application submission.

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, DET, or IELTS test scores.

Yale's Office of International Students and Scholars (OISS) provides English language support, local community connections, and a multitude of events for international students and their families. For more information, visit the OISS website.