The Master of Science (M.S.) program in the Management of Risk
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.
The program will prepare graduates to:
Demonstrate the ability to apply the
competencies of the discipline
- Understand the process of how to identify, measure, and manage
risk
- Understand how to mitigate and finance loss exposures using
alternative risk management techniques
- Understand insurance products and corporate risk management
strategies
- Understand decision making for the operation of insurance and
related financial service sector firms
- Demonstrate skill producing quality independent research using
advanced statistical and simulation tools
Requirements
The MS program in the Management of Risk 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 plan for and address the
financial consequences of corporate risk in a way that
preserves/enhances firm value.
The MS program requires completion of 30 credits plus a
significant activity. Designed as a cohort program, students with
the appropriate background enter the program only in September.
Students with background limitations complete a “tools” course in
the summer before the program begins.
Full-time students can complete the MS degree in one year;
part-time study is possible but the timing of class offerings makes
the length f this option require two plus years of study.
All students complete a set of required curriculum
courses: RMI601, RMI602, RMI604,RMI614 and RMI611.
There is some program flexibility because there are three different
ways through which to satisfy the remaining MS degree requirements;
these different paths are described as degree options:
Option 1: The
thesis approach is available for students who obtain a grade point
average of 3.5 or better in all graduate courses.
On the successful completion of their thesis, students will receive
their MS degree with Honors. Students pursuing this path take the
5 curriculum courses, 3 elective
courses, plus 6 credits of thesis writing. Thesis
students do not have to remain on campus to write their thesis but
they have to be enrolled in BA901 and BA902
(Please see thesis
procedures for details).
Option 2: The comprehensive examination approach
is the typical path for the program. Students take
5 curriculum courses, 5 elective
courses, plus pass a comprehensive written examination administered
by the School of Risk Management. Elective courses include all
other 600 level courses (or higher) offered by The School of Risk
Management, Insurance and Actuarial Science as well as by the rest
of The Tobin College of Business as listed in the Graduate Bulletin.
Option 3: Open only to students with the approval
of the Chairperson and the instructor of course RMI 621, students
may complete a 3-credit applied project after the
5 curriculum courses, and 4
elective courses. Intended as a student-arranged internship
experience, students complete their applied project while enrolled
in RMI 621. An international student on a student
visa may need to apply for the CPT (Curriculum Practical Training)
if the student identifies a project requiring such an
application.
Note that some courses have a prerequisite. Students
work with their graduate advisor, and with faculty, to select
electives and schedule courses that best meet the individual
learning objectives of each student.
Entry Requirements
Admission to the program is competitive. Students need a
competitive score on the GMAT or GRE, an undergraduate degree,
letters of recommendation, and, to avoid prerequisite requirement,
demonstrated adequate knowledge of finance, economics and
statistics.
For admission to graduate degree 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
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