Frequently Asked Questions

A graduate of this program will be well-positioned for a career in risk management and will have the ability to: contribute to risk management development and oversee strategic discussions regarding risk within his or her organization; provide an assessment of the risks associated with all business decisions; comprehend and communicate a global perspective of risk management gained from an expert international faculty and interaction with peers from around the world; inspire innovative thinking to manage new and changing risks; and join the NYU Stern alumni network.

The MS in Risk Management Program is designed for experienced managers and/or risk professionals taking on greater responsibilities or broader strategic planning roles in the area of risk management. The participant profile includes seasoned senior managers, MDs, corporate board members and VPs with risk management and oversight responsibility.

The Strategic Risk Capstone is a collaborative group effort presented at the culmination of the program that ties together the substantive content and practical case work taught throughout the year. The end product is a concrete risk analysis of the students’ choosing.

Complete a preliminary information form for an initial assessment of your candidacy. This will enable us to better advise you on your suitability for the program before encouraging you to submit an application. You can find the preliminary information form here.

The Admissions Team organizes recruiting events throughout the year all over the world. Please visit our website to view the upcoming events at a location near you. You can also arrange to meet directly with staff at selected cities worldwide. If you would like to schedule a meeting, please complete a preliminary information form for an initial assessment.

The program runs from May 2014 to May 2015. Participants can earn their degree in just 12 months over two calendar years within a 5 modular structure.

Applicants must have a Bachelor degree and strong grade point average, as well as demonstrated interest or experience in the field of risk management. There is a minimum of five years full-time professional work experience.

Candidates are considered on a rolling admissions basis. We accept and review applications throughout the year. Therefore, it is advised to apply by as soon as possible.

Recognizing the value of the classroom, the MS in Risk Management Program features 5 modules of intensive class time. Although there are no on-line classes, approximately 15-20 hours of distance learning per week will be incorporated into the program to facilitate preparation, follow-up and work on projects between modules.

MS in Risk Management graduates receive an NYU Master of Science degree.

The MS in Risk Management Program features five intensive intellectually rigorous modules rotating between New York, Europe and Asia.

Advanced risk management capabilities are high on the executive agenda and now seen as a critical business driver and source of sustained growth and long-term competitive advantage. Organizations interested in developing key employees for positions of increasing global risk responsibility should consider the NYU Stern Master of Science in Risk Management Program for Executives (MSRM) as a professional development opportunity. What is the return on investment? The impact is immediate.

MSRM alumni learn to think differently, becoming more innovative and open-minded risk professionals who establish a global network of students, faculty and alumni. The result is a newfound enterprise-wide approach to effectively managing the spectrum of business risks in a way that enables sustainable, long-term growth.
For further information, please view our downloadable document here.

We are pleased to announce that PRMIA’s Education Committee has formally accredited NYU Stern School of Business's Master of Science in Risk Management Program for Executives.

Upon completion of our MS in Risk Management program, alumni will be eligible for exemption from PRMIA's Professional Risk Manager Certification (PRM™) Exams I and II (minimum 3.0 cumulative GPA to qualify). We are very proud of our ability to offer premiere risk management credentials that distinguish NYU Stern Risk Management alumni in the emerging field of global risk management.

Please see below for a full list of the courses in the MSRM program required to qualify for exemption.

Exam I:

Concepts of Risk Management 1 – Statistical Models
Concepts of Risk Management 2 – Finance Applications
Behavioral Finance – Applications to Risk
Strategic Risk Frameworks 1 – Risk Profiling
Strategic Risk Frameworks 2 – Corporate Finance
Credit Risk Management and Credit Derivatives
Strategic, Sovereign and Reputational Risk
Risk Management in Global Finance

Exam II:

Concepts of Risk Management 1 – Statistical Models
Market Risk, VaR Modeling and RAROC
Topics in Volatility
Credit Risk Management and Credit Derivatives
Risk and Structured Finance

The program fee is USD 66,500. Included are tuition, course materials, some meals and official events. Hotel and travel expenses are not included.