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Enterprise Risk Management, Master of Science

Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science

Overview

The Master of Science in Enterprise Risk Management (M.S. E.R.M.) 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.  

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The M.S. E.R.M. 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 course work is based on research done on enterprise risk management 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 degree offers flexibility so that students can take electives to tailor the degree to their professional and intellectual interests. Students can choose electives in banking, IT, operations, forensics, internal auditing, and others.

With this program, The Tobin College of Business continues to build on its reputation as a local, national and international leader in risk management education. Our unique relationships provide us with collaborative links to industry and professional groups in enterprise risk management, as well as affording specialized academic expertise.

Career and Internship Placement

Opportunities for professional internships are available to graduate students while they pursue their degree.  Faculty, administration and staff work together to ensure high job placement rates for ERM graduates.  Most of our M.S. E.R.M. domestic graduates over the last three years have been placed with such companies as JPMorgan Chase & Co., Deloitte, Travelers, Ace Group and PwC. The Peter J. Tobin College of Business holds dual accreditation for its business and accounting programs by the prestigious AACSB International – The Association to Advance Collegiate Schools of Business.

Student Perspective

"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 M.S. E.R.M. program at St. Johns to their advantage."

—Andrew Bauch, Tobin, 2013.

“The MBA ERM from Tobin School of Business at St. John's University gave me deep insight into numerous risk management frameworks and tools that I continue to reference and apply in making risk aware decisions. The ERM program brought together enterprise risk professionals and industry thought leaders for various interactive sessions that helped me gain practical experience in applying risk management principles.”

 —Vijay Vedanabhatla, Director of Information Security, UPS

“The graduate ERM degree from St. John’s University provides students with an opportunity to gain experiences and skills that can be directly applied in the working world. From working on projects collaboratively with risk leaders from Fortune 500 companies, to attending industry-leading risk conferences, students have a number of opportunities to vastly grow their professional networks and position themselves to achieve their career aspirations.”

—Greg Stavrou, Strategic Risk Consultant, Deloitte & Touche LLP 

“Risk is prevalent in all lines of business - whether its in Health and Human Services, Hospitality, Cyber and Information Security, etc. I would advise that all students research or inquire about how risk will be embedded in your future careers.

One of my favorite parts of pursuing this degree is meeting people from diverse educational backgrounds. Oftentimes, students use their personal experience when solving case studies, or discussing what the best route is to identify an organization’s risks and opportunities, which creates a very interesting and dynamic classroom discussion.

In your classes, you will be a part of a collective unit, who are all there for the same mission – which is to protect the value of an enterprise.”

—Easha Hossain, MBA in ERM '20.

“The value of an ERM degree from St. John’s University is immeasurable. The field of Risk Management continues to grow and its importance becomes more evident with each passing day. This degree not only allows you to work in the field of Risk Management but it gives you the breadth of knowledge to operate in any industry. The principles, theories and techniques you learn throughout this degree are applicable to any business and enables you to become a more qualified job candidate. Furthermore, the network at St. John’s Tobin College of Business is wide-ranging, with engaged alums who are always willing to assist current students. The ERM degree, and network I built, from St. John’s completely changed the trajectory of my career and is the best professional decision I have yet to make.”

—Ali-Reza Khaleeli, Firmwide Risk- Vice President, JPMorgan Chase & Co.

    Courses

    • ERM 601 Foundations of Enterprise Risk Management
    • ERM 603 Culture, Leadership, and Governance Risk
    • FIN 607 Financial Management
    • FIN 628 Market Risk Management
    • RMI 601 Risk Management
    • RMI 602 Risk Analysis Methods
    • RMI 623 Game Theory and Risk Management
    • Select any three 600-level graduate TCB courses
    • ERM 705 Strategic Risk Analysis and Tools

    Academic Scholarships 

    Applicants accepted to this program are automatically considered for scholarship based on their academic qualifications. Scholarships range in amount from $5,000 to full tuition. Additionally, students in this program are eligible to apply for the ILOTY fellowship, a full tuition fellowship designed for high-achieving students. Learn more about the application.

    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

    *MS applicants may be eligible for a GMAT/GRE waiver with a cumulative 3.25 GPA or higher.  To be considered for the waiver, please submit the online application, all transcripts, and resume. International Students should also submit the foreign credit evaluation and TOEFL/IELTS scores.  Once complete, please email [email protected] to request waiver consideration.

    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]

    STEM Visa Extension for International Students

    The Master of Science in Enterprise Risk Management is a science, technology, engineering or mathematics (STEM) field of study. Students with an F-1 visa who complete this field of study may be eligible to receive a STEM-based optional practical training (OPT) extension. Contact the International Student and Scholar Services Offices at 718-990-6083 or [email protected] for additional information. 

    Concentrations and Endorsements

    This 30-credit M.S. E.R.M. program is offered at the Manhattan campus of St. John’s University, and enables students to select from a wide range of enterprise risk management concentrations, such as, operational risk, financial risks, strategic risks, and risk management and insurance.  The M.S. E.R.M. program is accredited by the AACSB-International-The Association to Advance Collegiate Schools of Business. St. John’s is one of 187 universities world-wide that has achieved the distinction of having separately accredited accounting and business programs. 

    Contact Us

    For additional information on the Master of Science in Enterprise Risk Management, please contact the faculty program director:

    Paul Walker

    Paul L. Walker

    Professor

    Department of Accountancy
    101 Astor Place 512
    [email protected]
    212-284-7011