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Financial Risk Management
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The Master of Science in Financial Risk Management will provide students with comprehensive, foundational knowledge of the current state of risk management issues, methodologies and challenges. This program is ideal for candidates who are just beginning their careers in finance, as well as for professionals who want to strengthen their knowledge and skills in this area. Recent college graduates who are planning for careers in finance will gain a solid grounding in all areas of financial risk management, and will be well prepared for entry-level positions in risk management in all types of financial institutions. Candidates who are more advanced in their careers will gain knowledge of current risk management tools, methodologies, and techniques, many of which have changed significantly in recent years following the financial crisis. The program also provides students the academic background needed for the professional certification tests of the leading professional financial risk management associations including the Financial Risk Manager (FRM) certification of the Global Association of Risk Professionals (GARP) and the Professional Risk Manager (PRM) certification of the Professional Risk Managers International Association (PRMIA).
MS in Financial Risk Management Program Learning Goals
Knowledge of Quantitative Methods, Institutional Structures, and Risk Management Tools | Students will master foundational concepts of statistics, financial securities, and institutions, and be able to apply them to the core tools of risk management, including market, credit, investment, and operational risks. |
Knowledge of Risk Management Practices And Implementation | Students will develop the technical and analytical skills needed to formulate and implement effective risk management systems in large, complex financial institutions. |
Communication | Students will develop written and oral communication skills that will enable them to explain and convince others of their recommendations for risk management strategies. |
Leadership | Students will be able to design enterprise risk management strategies that take into account a comprehensive evaluation of the firm’s overall risk exposures. |
Global Awareness | Students will develop awareness of differences among businesses and institutions on a global basis, and analyze their implications for the hedging and risk management needs of multinational firms. |
Ethical Awareness | Students will develop a deep understanding of ethical issues in all phases of risk management and be able to demonstrate their ability to anticipate and resolve ethical conflicts and choices. |