diff --git a/python_modules/libraries/dagster-dbt/dagster_dbt/asset_decorator.py b/python_modules/libraries/dagster-dbt/dagster_dbt/asset_decorator.py
index 6a2646b05f8a5..11c52d762d293 100644
--- a/python_modules/libraries/dagster-dbt/dagster_dbt/asset_decorator.py
+++ b/python_modules/libraries/dagster-dbt/dagster_dbt/asset_decorator.py
@@ -20,6 +20,7 @@
     DagsterInvalidDefinitionError,
     Nothing,
     PartitionsDefinition,
+    RetryPolicy,
     multi_asset,
 )
 from dagster._utils.warnings import (
@@ -55,6 +56,7 @@ def dbt_assets(
     partitions_def: Optional[PartitionsDefinition] = None,
     dagster_dbt_translator: DagsterDbtTranslator = DagsterDbtTranslator(),
     backfill_policy: Optional[BackfillPolicy] = None,
+    retry_policy: Optional[RetryPolicy] = None,
     op_tags: Optional[Mapping[str, Any]] = None,
 ) -> Callable[..., AssetsDefinition]:
     """Create a definition for how to compute a set of dbt resources, described by a manifest.json.
@@ -81,6 +83,7 @@ def dbt_assets(
             dbt models, seeds, etc. to asset keys and asset metadata.
         backfill_policy (Optional[BackfillPolicy]): If a partitions_def is defined, this determines
             how to execute backfills that target multiple partitions.
+        retry_policy (Optional[RetryPolicy]): The retry policy for the underlying asset function.
         op_tags (Optional[Dict[str, Any]]): A dictionary of tags for the op that computes the assets.
             Frameworks may expect and require certain metadata to be attached to a op. Values that
             are not strings will be json encoded and must meet the criteria that
@@ -311,6 +314,7 @@ def inner(fn) -> AssetsDefinition:
             op_tags=resolved_op_tags,
             check_specs=check_specs,
             backfill_policy=backfill_policy,
+            retry_policy=retry_policy,
         )(fn)
 
         return asset_definition
diff --git a/python_modules/libraries/dagster-dbt/dagster_dbt_tests/test_asset_decorator.py b/python_modules/libraries/dagster-dbt/dagster_dbt_tests/test_asset_decorator.py
index 0944afde1cbb8..5e95d168ce4ff 100644
--- a/python_modules/libraries/dagster-dbt/dagster_dbt_tests/test_asset_decorator.py
+++ b/python_modules/libraries/dagster-dbt/dagster_dbt_tests/test_asset_decorator.py
@@ -17,6 +17,7 @@
     NodeInvocation,
     PartitionMapping,
     PartitionsDefinition,
+    RetryPolicy,
     TimeWindowPartitionMapping,
     asset,
 )
@@ -231,6 +232,19 @@ def my_dbt_assets():
     assert my_dbt_assets.backfill_policy == backfill_policy
 
 
+def test_retry_policy():
+    retry_policy = RetryPolicy(max_retries=2)
+
+    @dbt_assets(
+        manifest=manifest,
+        retry_policy=retry_policy,
+    )
+    def my_dbt_assets():
+        ...
+
+    assert my_dbt_assets.op.retry_policy == retry_policy
+
+
 def test_op_tags():
     @dbt_assets(manifest=manifest, op_tags={"a": "b", "c": "d"})
     def my_dbt_assets():