Yale University's School of Management is launching a one-year master's degree program designed to teach students the ins and outs of the asset management industry.
Students will be trained in investment theory, factor investing and risk management, with a focus on quantitative methods and emerging technologies. The program will be taught by School of Management faculty in collaboration with the Hartford, Conn.-based university's investments office and other outside investment managers.
The goal is to educate the students on how to put the asset management theories they've learned to practical use within the industry.
Tobias J. Moskowitz, finance professor at Yale School of Management, oversaw the program's development and will serve as faculty director once it's up and running.
"A lot of (similar) programs teach a lot of theory and method but don't always provide a lot of practical insights," Mr. Moskowitz said in a telephone interview. "So, we've designed a program that merges theory with practice."
Mr. Moskowitz explained that the program will also bring in industry executives to educate students on how to apply what they've learned in the classroom to real-world scenarios.
"As academics, we can teach theory, but we don't have to deal with clients, compliance or regulations. We can bring in people who can talk about that," Mr. Moskowitz added.
The program, which is aimed at students who are early in their careers, will lead to a Master of Management Studies. The curriculum is still being finalized. It will be open in the fall of 2020.