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Enterprise Risk Management, Master in Business Administration

School of Risk Management, Insurance and Actuarial Science
36 Credits

The Peter J. Tobin College of Business
Manhattan Campus

Overview

A Master of Business Administration (M.B.A.) degree is intended to provide broad business knowledge and prepares students for cross-functional decision making within an organization.

The Enterprise Risk Management concentration provides an opportunity to study one of the most important topics in today's business world, in New York City, with several of the world¹s most renowned risk scholars.

Enterprise Risk Management recognizes the interdisciplinary nature of business activity and adopts an enterprise-wide approach to managing the myriad of risks an organization faces. The program reinforces the need for risk to be managed at the strategic, financial, reputational and operational levels of the organization, with well-prepared managers who can guide and build an enterprise risk management process. The public expectation for executive responsibility for enterprise-wide risks has risen and companies across multiple industries and countries are seeking graduates with the ability and necessary skills to identify, assess, and manage risks. The curriculum builds the skill set for an enterprise risk management process, highlights leadership and governance risk, and addresses strategic risk management. The course work is designed from research done on ERM practices at companies such as Microsoft, Wal-Mart, DuPont, Intuit, Raytheon, VMware, Harley-Davidson, and several others.

The curriculum is designed for students who want to learn about the following career choices: corporate risk management; risk consulting; public accounting; internal auditing; chief risk officer and enterprise risk management director.

"The ERM classes available at St. John's are unlike any other business classes I've ever taken. I feel that adding ERM to any business major's curriculum truly helps tie together all the other classes in the regular business curriculum. They really challenge you to analyze businesses from the perspective of a CEO, identifying and evaluating risks on many different levels. Taking these classes has helped me to better understand the complex business environment of my clients… I strongly suggest that anyone who would like to be more prepared for their first year out of college to use the ERM program at St. Johns to their advantage." Andrew Bauch, Tobin, 2013.

Department Faculty

Please see a list of our School of Risk Management, Insurance and Actuarial Science faculty.

For additional information on the Master of Business Administration, please contact the faculty program director:

K. Matthew Wong, Professor
Department of Economics and Finance
Tobin 345
[email protected]
718-990-7359

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Courses

An ERM concentration is earned by taking three ERM classes (ERM 601, ERM 603, ERM 705) and one class from (RMI 602, RMI 613, ACC 642, FIN 628, FIN 629, MGT 628). Students who desire to work in banking or insurance risk management may want to choose electives in those fields.

While the curriculum is intended to provide rigorous academic and applied content, students may also find the material helpful in preparation for the Financial Risk Management (FRM), Certification in Risk Management Assurance (CRMA), and the Associate in Risk Management - ERM (ARM-E) exams. Enterprise risk management is also essential content for the CPA exam.

The MBA Structure is as follows:

8 Core Courses
(24 credits)

ACC 602: Global Financial and Managerial Reporting
DS 602: Business Analytics
ECO 606: Industrial Economics
FIN 607: Financial Management
LAW 600: Law, Ethics and the Principled Path in Business
MGT 601: Managing for Global Success
MKT 600: Decisions in Marketing Management
RMI 601: Risk Management

1 Required Capstone Course
(3 credits)
MGT 700: Seminar in Business Policy

3 Concentration Field Courses
(9 credits)

ERM 601: Foundations of Enterprise Risk Management
ERM 603: Culture, Leadership, and Governance Risk
ERM 705: Strategic Risk Analysis and Tools
ERM 699: ERM Internship
ERM 900: ERM Thesis

Admission

Application Requirements
All applicants must possess a baccalaureate degree from an accredited institution or the international equivalent prior to enrollment at the graduate level. In addition to the application form and non-refundable application fee candidates should submit the following:

  • Statement of professional goals and resume which can be uploaded as part of the  application for admission
  • Official transcripts from all undergraduate, graduate and professional schools attended. International Applicants to programs in Accounting and Taxation must have a Graduate Admissions evaluation completed by AEQUO.
  • Official GMAT or GRE scores, taken within the last five years
  • Two letters of recommendation, obtained from professional or academic references
  • Official TOEFL or IELTS scores are required for applicants whose native language is not English

For additional information, please contact:

The Peter J. Tobin College of Business
Office of Graduate Admission
8000 Utopia Parkway
Suite 114
Queens, NY 11439
718-990-1345
[email protected]

 

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