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Curriculum

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 Master's Degree in 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 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 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 are new courses that 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):

Fall 1 Fall 2 Fall 3 Fall 4
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)
Quantitative Investing Quantitative Investing (continued)
Asset Pricing Theory
Electives (choose 1):
- Advanced Derivatives
- Macro Finance
- SOM / Yale electives **
Electives (choose 3):
- ESG Investing
- Endowment Funds
- Financial Regulation
- Fixed Income Strategies
- SOM / Yale electives **
Electives (choose 3):
- Hedge Fund Strategies
- Macro Strategies
- Portfolio Management
- Risky Credit
- SOM / Yale electives **
Asset Management Colloquium Asset Management Colloquium (continued) Asset Management Colloquium (continued) Asset Management Colloquium (continued)

** 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 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


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.