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 degrees.

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 value.

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.

Program Descriptions:

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 an intensive course in summer before the cohort program begins in fall.

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 enterprise. 

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 an intensive course in summer before the cohort program begins in fall.

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 contact:
Stephanie Taylor (Graduate Applications, Admissions, Scholarships)
E-mail: taylors@stjohns.edu or TobinGradNYC@stjohns.edu
Phone: (212) 284-7017 or (718) 990-1345

Please see our complete course descriptions in The Peter J. Tobin College of Business graduate bulletin.