The Hall of Graduates is a large room with each of the five gateways for each year at the Magisterium.
When a student has gone through the last gateway, Gold Year, they are officially graduates at the Magisterium and are considered journeymen and journeywomen mages. The walls are covered in the hand-prints of graduates (a tradition among new graduates at the Magisterium).
There also lies a large statue of Verity Torres in the center which honors her for her role in the Third Mage War.