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Master of Management Studies (M.M.S.) Program

The Yale School of Management offers a one-year program leading to the degree of Master of Management Studies (M.M.S.). A Bachelor of Arts, Bachelor of Science, or equivalent undergraduate degree is requisite for admission to the M.M.S. program. The M.M.S. program has a track in Systemic Risk, and additional tracks may be added. Requirements for the Systemic Risk track of the M.M.S. program are discussed in detail below.

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M.M.S. in Systemic Risk

The program, established in 2016, requires a year of full-time study in residence, during which the student completes 36 units of course work (the equivalent of nine term-long classes). Of the 36 units of course work, 8 units are chosen from the elective offerings listed in School of Management Courses for 2017–2018 or from approved offerings in other Yale schools and departments. These elective units must include at least 4 units in statistics and 4 (additional beyond required courses) units in economics or finance. An additional 28 units of course work comprise the required M.M.S. curriculum. To learn more about the Master of Management Studies in Systemic Risk program, visit http://som.yale.edu/programs/mms-systemic-risk.

Enrollment Requirement

The M.M.S. in Systemic Risk must be completed in two consecutive terms of full-time study, unless a student receives advance permission for a leave of absence (see Leaves of Absence in the chapter General Information).

Number of Course Units

A student must:

  • 1. Achieve credit, i.e., a grade of Pass or better, in 36 units of course work, normally earning 18 in each term. Successful completion of more than 36 units does not offset deficiency in any other degree requirement; and
  • 2. Enroll in and receive a grade in a minimum of 18 units of course work in each term. Further, each student must participate in the M.M.S. in Systemic Risk required curriculum, which is the equivalent of 14 units in the fall term and 14 units in the spring term.

Timing Requirement

To be permitted to enroll in the second term of the M.M.S. in Systemic Risk, a student must meet all of the following requirements:

  • 1. Have achieved a grade of Proficient or higher in at least 10 units of course work; and
  • 2. Have received credit in at least 14 units of course work.

Quality Standard

See Academic Standards in the chapter Rights and Responsibilities of Students.

Academic and Course Policies

M.M.S. in Systemic Risk students are expected to abide by the same academic and course policies applicable to the full-time M.B.A. (see Academic Policies and Course Policies in the chapter Full-Time M.B.A. Degree Program).


Application to the M.M.S. in Systemic Risk is conducted electronically. For requirements and additional information, see http://som.yale.edu/programs/mms-systemic-risk.

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