The growing interdisciplinary nature of business and increased
regulatory changes are fueling the demand for qualified risk
managers. The Bureau of Labor Statistics forecasts that employment
for financial managers — including, risk managers who assess
insurance and investment exposure — will grow 8% by 2018.
Opportunities will be greatest for professionals with advanced
You can prepare for these opportunities through two master’s degree
programs at St. John’s University — the Master’s of Science Degree
Program in Management of Risk and the Master’s of Science Degree
Program in Enterprise Risk Management. Offered by The Peter J.
Tobin College of Business’s School of Risk Management, the programs
prepare students to plan, organize and manage financial,
operational, and strategic risks to preserve and enhance corporate
Both programs are fully accredited by the prestigious AACSB
International – the Association to Advance Collegiate Schools of
Business. The Tobin College of Business was among the first schools
of business to be awarded this accreditation and is one of only 3%
of all business schools worldwide to hold this distinction.
Classes for this program are offered on Manhattan campus and
through our Online Learning format.
MS in Management of Risk - This program
has a special focus on insurance as a tool of risk management but
the broader goal of the program is to enable its graduates to
finance corporate risk, within the realities of the firm's
environment, in a way that preserves/enhances firm value. Students
requiring prerequisite material may be admitted, on a provisional
basis. For more information, please visit the MS in Management
of Risk page.
MS in Enterprise Risk Management - The
Enterprise Risk Management (ERM) program is a risk-based approach
to management. With a special focus on the identification of the
financial consequences of business opportunities and their
associated hazards, the approach involves the proactive management
of the enterprise to protect and create value for their
stakeholders. The program focuses on the tools to identifying
strategic directions and the particular events or circumstances
relevant to the organization's objectives (risks and opportunities)
associated with alternative strategies; to assess the risks and
opportunities in terms of the frequency and severity of impact, to
plan for or the determination of a subsequent financial or
strategic response, and to monitoring the progress of the
The program involves a collaborative effort by the School of
Risk Management and the departments of Accounting, Finance, and
Management of the Tobin College of Business. Students requiring
prerequisite material may be admitted, on a provisional basis. For
more information, please visit the MS in
Enterprise Risk Management page.
MBA Program - A Master of Business
Administration (MBA) degree is intended to provide broad business
knowledge and prepares students for cross-functional decision
making within an organization. A risk/insurance specialization is
earned by successfully completing an introductory course –
Management of Risk (RMI 601) – and up to four (but no less than
three) other RMI designated 600-level courses (or higher). This
specialization allows students to build upon the program’s broad
business education by providing an in-depth study of managing risk,
or managing the finances of an insurance firm, or product design.
Suggested paths include: Management of Risk (RMI 604, 605, and
614); or Insurance Financial Management (RMI 604, 605, and at least
one of 609/610).
For admission to these graduate programs
Office of Graduate Admissions, Tobin College of Business
Phone: (718) 990-1345
Please see our complete course descriptions in The Peter J. Tobin
College of Business graduate bulletin.