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

The Yale School of Management offers two one-year programs leading to the degree of Master of Management Studies (M.M.S.): the M.M.S. in Systemic Risk and the M.M.S. in Global Business and Society.

M.M.S. in Systemic Risk

The M.M.S. in Systemic Risk is 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 in economics, finance, statistics, or related field is requisite for admission to this program.

Established in 2017, the program 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, 6 units are chosen from the elective offerings listed in School of Management Courses for 2019–2020 or from approved offerings in other Yale schools and departments. These elective units must consist of 2 units in statistics and 4 units (additional beyond required courses) in economics or finance. An additional 30 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 16 units in the spring term. A student may not enroll in more than 24 units of course work in one term without permission from the cognizant academic dean.

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 M.B.A. program (see Academic Policies and Course Policies in the chapter Full-Time M.B.A. Degree Program).

Admissions

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.

Dual-Degree M.B.A. and M.M.S. in Systemic Risk

On a case-by-case basis, the dean may approve a dual-degree course of study that will allow a student to earn the M.B.A. and the M.M.S. in Systemic Risk in two years of full-time, in-residence academic study. Students must first be admitted to and enroll in the M.B.A. and may then apply to the M.M.S. in Systemic Risk during their first year of study at the School of Management. Dual-degree students spend their second year at SOM taking course work to complete the M.M.S. in Systemic Risk and any outstanding degree requirements of the M.B.A. A student may count course work taken in the M.M.S. in Systemic Risk program toward the 72 units of course work required for the M.B.A. In order to graduate with the dual degrees, students must satisfy the degree requirements of each program and will receive both degrees simultaneously. If a student completes the degree requirements of the M.B.A. but fails to complete the degree requirements of the M.M.S. in Systemic Risk, the student may graduate with the M.B.A. degree without earning the M.M.S. in Systemic Risk, and vice versa; however, a student who fails to meet the quality standard for either degree program will be dismissed from both programs.

M.M.S. in Global Business and Society

The M.M.S. in Global Business and Society (GBS) is a one-year program leading to the degree of Master of Management Studies (M.M.S.). Satisfactory completion of a Master in Management (M.I.M.) or equivalent degree program from a school that is a member of the Global Network for Advanced Management (http://globalnetwork.io) is requisite for admission to the GBS program. A student may also be admitted if the student has completed the required core curriculum of an M.I.M. or equivalent degree program—provided the M.I.M. or equivalent degree-granting school will count credit earned during the M.M.S. in Global Business and Society at Yale toward the M.I.M. or equivalent degree, thus enabling the student to earn the M.I.M. or equivalent degree prior to earning the M.M.S. The M.M.S. degree will be conferred after Yale SOM receives confirmation from the M.I.M. or equivalent degree-granting institution that the student has completed all M.I.M. or equivalent degree requirements.

The GBS program, established in 2018, 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). Students are required to take a Global Business and Society Perspectives course, a Global Leadership: Increasing Personal and Interpersonal Effectiveness course, and at least 14 units of GBS Advanced Management course work from a list of courses offered specifically to GBS students. The remaining units are chosen from the elective offerings listed in School of Management Courses for 2019–2020, additional courses offered specifically to GBS students, or approved offerings in other Yale schools and departments. It is expected that students will choose some of their elective units across Yale University. To learn more about the Master of Management Studies in Global Business and Society program, visit http://som.yale.edu/programs/mms-gbs.

Enrollment Requirement

The M.M.S. in Global Business and Society 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 GBS required curriculum. A student may not enroll in more than 24 units of course work in one term without permission from the assistant dean.

Timing Requirement

To be permitted to enroll in the second term of the M.M.S. in Global Business and Society, 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 Global Business and Society students are expected to abide by the same academic and course policies applicable to the M.B.A. program (see Academic Policies and Course Policies in the chapter Full-Time M.B.A. Degree Program).

Admissions

Application to the M.M.S. in Global Business and Society is conducted electronically. For requirements and additional information, see http://som.yale.edu/programs/mms-gbs.