Yale School of Management

Curriculum

The Master’s degree program in Asset Management  will train the future generation 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.

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 theory, factor investing, 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 in one of the following ways: continuing to work in asset management for one’s current employer while attending the program, 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.

Proposed Course Schedule

Students will take a variety of required fundamental subjects and elective courses. The course schedule will include both day and evening offerings, making the program accessible to working professionals. However, working professionals should plan to be on campus every Friday during the academic calendar. 

This is an example of what a journey through the Master’s Degree in Asset Management could look like (courses subject to change):

Fall 1 Fall 2 Spring 1 Spring 2
Financial Econometrics and Machine Learning Financial Econometrics and Machine Learning (continued) Behavioral Finance Behavioral Finance (continued)
Investment Analysis and Private Equity Investment Analysis and Private Equity (continued) Financial Market Regulation Electives (choose 3):
- Hedge Fund Strategies
- Macro Strategies
- Portfolio Management
- Risky Credit
- SOM / Yale electives **
Quantitative Investing Quantitative Investing (continued) Electives (choose 2):

- ESG Investing
- Fixed Income Strategies
- SOM / Yale electives **
Asset Management First Principles Electives (choose 1):

- Advanced Derivatives
- Endowment Funds
- Macro Finance
- SOM / Yale electives **
Asset Pricing Theory
Asset Management Colloquium Asset Management Colloquium Asset Management Colloquium Asset Management Colloquium

** 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 812 Financial Statement Analysis
Mgt 890 Global Financial Crises
Mgt 897 Entrepreneurial Finance
Mgt 947 Capital Markets
Mgt 948 Security Analysis & Valuation
Econ 251 Financial Theory
Econ 252 Financial Markets
Econ 350 Mathematical Economics: General Equilibrium Theory
Students may also petition to substitute a suitable graduate course in Computer Science, Economics, Mathematics, or Statistics & Data Science with approval from the faculty director.

View sample course descriptions


Curriculum Topics

  • Applying financial theory in practice
  • Implementing real-world portfolios
  • Managing alternative asset classes
  • Managing hedge funds, institutional investments, and endowments
  • Navigating legal and compliance issues
  • Exercising fiduciary responsibility
  • Managing risk

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.