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Admissions information for the MMS Systemic Risk Program

All candidates for admission to the Master’s Degree in Systemic Risk program must first be nominated by a qualified institution. 

Preview image for the video "Introducing the MMS Systemic Risk".

How to apply

All instructions for completing the online application are included in the application and requirements are listed below. If you have any questions, please contact us at

Admissions requirements

  • Nomination letter from a qualified institution*
  • Video interview
  • GRE or GMAT
  • Statement of interest
  • Undergraduate degree in economics, finance, statistics, or a related field
* Nomination letter will include a statement verifying your employment status with the qualified institution; a comment on your qualifications for the program; and a guarantee that you will be able to return to the institution after the completion of the program. Although the applicant is not required to receive financial sponsorship from its institution to be admitted to the program, nominating institution is encouraged to include a statement describing any financial sponsorship it may be providing for the applicant. 
Qualifying institutions include central banks and other major regulatory agencies with a mandate to manage systemic risk. It also includes private institutions that has systemic risk in their business agenda.
February 20, 2024

New Paul A. Volcker Scholarship Will Support Master’s in Systemic Risk Students

A multi-year grant from the Volcker Family Foundation will enable systemic risk professionals from around the world to study financial stability and the management of financial crises at Yale.

March 26, 2020

Principles on Holistic Admission and Spring 2020 Grades

Recognizing the challenges to teaching and learning during the COVID-19 pandemic, the Provost and Deans of Yale University adopted the following principle:

Yale’s admissions offices for graduate and professional schools evaluate applicants holistically and will take the significant disruptions of COVID-19 into account when reviewing students’ transcripts and other admissions materials relating to Spring 2020. In particular, we will respect decisions regarding the adoption of Credit/Fail and other grading options during this unprecedented period, whether they are made by institutions or by individual students.


Yale is proud of its strong commitment to equal opportunity and accessibility to all candidates from any part of the world who show great academic and personal promise. We extend our holistic application review to all students without regard to citizenship or immigration status.

DACAmented and UnDACAMented, Yale Office of International Students & Scholars