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).


Course TitleCredits
Required for all MS Students*

BUS 9551

Business Communication I1.5 credits
Program specific, 1.5 credit equivalent business communication instruction approved by the Graduate Curriculum Committee.

Preliminary Courses (0-12 Credits)

Students with appropriate academic background will be able to reduce the number of credits in preliminary requirements.

ACC 9110

Financial Accounting3 credits

ECO 9730

Fundamentals of Microeconomics1.5 credits

ECO 9740

Fundamentals of Macroeconomics1.5 credits

FIN 9762

Introduction to Quantitative Tools for Finance3 credits

FIN 9770

Financial Decision Making3 credits
Required Courses (30 credits chosen by the Bert W. Wasserman Department of Economics and Finance from the following list)

ECO 9723

Econometrics - Theory and Applications I3 credits

FIN 9782

Futures and Forward Markets3 credits

FIN 9783

Investment Analysis3 credits

FIN 9784

Management of Financial Institutions3 credits

FIN 9786

International Financial Markets3 credits

FIN 9788

International Corporate Finance3 credits

FIN 9790

Seminar in Finance3 credits

FIN 9795

Debt Instruments and Markets3 credits

FIN 9797

 Options Markets 3 credits

FIN 9852

Measurement and Management of Market Risk I1.5 credits

FIN 9853

Measurement and Management of Market Risk II1.5 credits

FIN 9854

Measurement and Management of Credit Risk I1.5 credits

FIN 9855

 Measurement and Management of Credit Risk II 1.5 credits

FIN 9856

Measurement and Management of Risks in Operations and Information Technology1.5 credits

FIN 9857

Measurement and Management of Risks in Investments1.5 credits

FIN 9858

Implications of Corporate Governance, Regulation, and Ethics of Risk Management1.5 credits

FIN 9880

International Finance Markets1.5 credits

FIN 9881

Debt Securities1.5 credits

FIN 9882

Futures and Forwards1.5 credits

FIN 9883

Options1.5 credits

FIN 9890

Special Topics in Investments1 credit

FIN 9891

Special Topics in Investments1.5 credits

FIN 9892

Special Topics in Investments2 credits

FIN 9893

Special Topics in Investments3 credits

FIN 9985

Risk Management in Financial Institutions3 credits

*Effective spring 2016.