A first-of-its-kind, specialized master’s degree for early- and mid-career employees of central banks and other major regulatory agencies with a mandate to manage systemic risk. The year-long program focuses in macroprudential policy, financial crisis management, global financial regulation, monetary economics, crisis communications, and central banking.
Master’s Degree in Systemic Risk
Understand the theory and practice of managing systemic risk

Stay Connected. Meet the Faculty.
Prepare for future financial crises.
Become a global leader
Join a global community of scholar-regulators that will benefit you and your institution throughout your career.
Gain a deep understanding
Learn from top finance scholars and experienced central bank practitioners. Prepare yourself to take on positions of ever-increasing responsibility within the financial stability function of your nation’s economy.
Access Yale expertise
Learn from Yale experts in finance, economics, and law, and earn a Master of Management Studies degree.
Get practical grounding
Benefit from the experience of the Yale Program on Financial Stability, chaired by former treasury secretary Timothy Geithner, which works to improve understanding and management of systemic risk around the world.
Program Faculty and Student Profiles
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I’ve been with the Central Bank of Japan for four years, and I’ve held a few different positions. Most recently, I served as an analyst...
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The tools that I’m learning in our macroprudential policy class, especially the capital flow management tools, are very relevant to Indonesia.
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The faculty at Yale have a really good reputation in the financial stability and monetary policy world. I had met some faculty when I...