Our STEM-eligible Master’s Degree in Asset Management will train future generations of asset managers to find data-driven solutions to real-world problems while maintaining high ethical and moral standards in the exercise of their fiduciary responsibility.
Our dear friend and colleague David Swensen ’80 Ph.D. passed away on May 5, 2021. David was an integral part of planning and designing the asset management program, and his legacy and values will continue to guide and shape the program.
Course of Study
The program is a full-time, nine-month course of study leading to a Master of Management Studies degree. You will receive training in all aspects of asset management, including investment selection, asset allocation, portfolio management, and risk management, with a focus on forward-looking quantitative methods and new technologies in this fast-developing field. A highlight of the program is the Colloquium in Asset Management, which brings leading executives, investors, and practitioners to campus for candid discussions about the industry.
You will also be required to gain practical experience by completing a minimum of 40 hours of one or more of the following activities: completing an internship or project related to asset management for an external organization, assisting an SOM finance professor with research related to the study of asset management, or undertaking an alternative activity pre-approved by the faculty director. Students on Yale’s visa sponsorship must abide by the employment regulations of their visa type, including any limitations on hours per week. At this time, international students are eligible for Curricular Practical Training (CPT) if completing an internship or project at external organizations.
Course Schedule
Students will take a variety of required fundamental subjects and elective classes, most of which were developed specifically for the asset management program. This is an example of what your journey through the Master’s Degree in Asset Management could look like (courses subject to change):
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Fall 1 |
Fall 2 |
Spring 1 |
Spring 2 |
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Financial Econometrics and Machine Learning |
Financial Econometrics and Machine Learning (continued) |
Behavioral Finance |
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Quantitative Investing |
Quantitative Investing (continued) |
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Asset Pricing Theory |
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Business Ethics |
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Colloquium |
Colloquium (continued) |
Colloquium (continued) |
Colloquium (continued) |
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Practical Experience Requirement |
Practical Experience Requirement (continued) |
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Electives (choose 1) |
Electives (choose 1) |
Electives (choose 4) |
Electives (choose 3) |
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• SOM / Yale Electives ** |
• Advanced Derivatives |
• ESG Investing |
• Macro Strategies |
** Selected SOM / Yale electives
Mgt 523 Monetary Policy
Mgt 540 Personal Finance
Mgt 541 Corporate Finance
Mgt 548 Real Estate Finance
Mgt 628 Central Banking
Mgt 649 World Financial History
Mgt 683 Renewable Energy Project Finance
Mgt 806 Private Equity: Value Creation
Mgt 811 Taxes, Business, and Strategy
Mgt 812 Financial Statement Analysis
Mgt 842 Financing Green Technologies
Mgt 843 Digitalization of Money
Mgt 848 History of Financial Market Fraud
Mgt 871 Financial Reporting
Mgt 890 Global Financial Crisis
Mgt 897 Entrepreneurial Finance
Mgt 912 Venture Capital
Mgt 947 Capital Markets
Mgt 948 Security Analysis and Valuation
Econ 251 Financial Theory
Econ 252 Financial Markets
Econ 350 Mathematical Economics
Law 21066 Law and Regulation of Securities and Financial Markets
Law 21234 Law and Economics of Corporate Control
In addition, students may substitute a suitable graduate course in Computer Science, Economics, Mathematics, or Statistics & Data Science with prior approval from the faculty director.
View sample course descriptions
Osman Nalbantoglu
Co-Head of Investment Engine, Bridgewater Associates
The Master’s in Asset Management Program is a natural extension of Yale SOM’s investment and finance offerings. Their world class faculty has collaborated with accomplished alumni in the field to develop a highly tailored yet extensive curriculum in order to provide students with a thorough understanding of the asset management industry. As an alumnus of Yale and a practitioner in the field, I’m thrilled to see the SOM continue to stay on the cutting edge of academic offerings.
As a STEM designated degree program, the Master’s in Asset Management program qualifies for the 24-month STEM Optional Practical Training (OPT) extension.
Enrollment in a STEM field is the first qualification in a series of eligibility criteria for STEM OPT extension. Further information about eligibility and requirements for the STEM OPT extension is available on the Department of Homeland Security website and through Yale’s Office of International Students and Scholars.