The Yale School of Management’s new Master’s Degree in Systemic Risk program class arrived at Edward P. Evans Hall on August 15 for a weeklong orientation program. The seven incoming students in the Systemic Risk Class of 2023, bringing a wealth of global experience in central banks and other regulatory agencies, began classes on August 29.
The diverse and experienced members of the Class of 2023 come together in building a community of policymakers well-prepared to understand and manage financial crises. The new students represent the Central Bank of Costa Rica, Office of the Superintendent of Financial Institutions in Canada, Bank of Korea, International Monetary Fund, Central Bank of the Dominican Republic, Bank Negara Malaysia, and Bank Indonesia. The average work experience of the new class is more than 10 years, and all plan to return to their home institution after the completion of the program.
The average age of the students in the new class is 35 years; they speak languages including English, Indonesian, Korean, Mandarin, Malay, and Spanish. All seven members of the Class of 2023 are international passport holders, and each is from a different country. The Class of 2023’s undergraduate majors include accounting, economics, statistics, computer science, and construction management. Two students have already completed graduate degrees in other academic areas.
Students in the program will complete a slate of required courses focused on macroprudential policies, central banking, financial crisis management, and global financial regulation. They will also take elective courses with an emphasis on statistics, economics, and finance.
The Master’s Degree in Systemic Risk program is a one-year, in-residence, specialized course of study for employees of central banks and other regulatory agencies with a mandate for financial stability. The program is designed to give students from around the world a deeper understanding of managing systemic risk and responding to financial crises. After the completion of the program, students will return to their home institutions, utilizing their deeper understanding of financial crises in their day-to-day work. The first-of-its-kind master’s program launched in fall 2017.