The curriculum of the master’s in Risk Management and Risk Analytics (RMRA) provides you with the tools to identify, analyze, and manage business and financial risks, with particular focus on commercial risks that are traditionally insured, including property, liability, and human resource exposures. You develop an understanding of the economics of risk transfer, including the role of reinsurers and captive insurance and risk transfer; study the legal and regulatory environment that governs risk transfer in the United States and internationally; and study the contractual forms commonly used by insurers to perfect risk transfer, as well as the strategic and operational management of insurance companies.
Prepare for a Career in Risk Management and Risk Analytics
- 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 skills needed to produce quality independent research using advanced statistical and simulation tools
- Degree Type
- MS
- Area of Interest
- Business
- Associated Colleges or Schools
- Program Location
- Manhattan Campus
- Online
- Required Credit Hours
- 30
Risk Management Risk Analytics Curriculum
- RMI 601 Risk Management
- ERM 601 Foundations of Enterprise Risk Management
- RMI 602 Risk Research Methods
- RMI 622 Dimensions of Risk Leadership: Executive Perspectives
- RMI 688 Applications of Analytics and Technology to Insurance
- RMI 700 Risk Management and Risk Analytics Capstone Seminar
Students in the RMRA program must take 4 elective courses offered by The Peter J. Tobin College of Business at the 600 level or higher. 2 of the 4 electives must be from any of the RMI, ERM, ACT courses, or from three of the BUA courses in analytics.
Below is a list of the possible elective courses, where DL refers to Distance Learning:
- RMI 609 Property and Liability (RE) Insurance [DL]
- RMI 610 Life-Health Insurance and Employee Benefits [DL]
- RMI 614 Risk Funding Tools for Insurers
- RMI 650 (Re)Insurance Leadership
- RMI 660 Finance for Actuarial Science
- RMI 661 Trading Risk in the Global Reinsurance Market
- RMI 690 Insurance Industry Operations [DL]
- ACT 601 Financial Mathematics
- ACT 602 Financial Mathematics II
- ACT 603 Actuarial Modeling
- BUA 632 Bayesian Statistics for Business Decision Making
- BUA 633 Predictive Analytics and Business Forecasting
- BUA 635 Big Data and Data Mining
- ERM 602 Operational Risk Management
- ERM 603 Governance Risk
- ERM 705 Strategic Risk Analysis
Career Opportunities in RMRA
The Ellen Thrower Center for Apprenticeship and Career Services at The School of Risk Management, Insurance and Actuarial Science in Manhattan is dedicated solely to supporting the career objectives of students enrolled in the risk, insurance and actuarial science degree programs. With personalized career advising and referrals, a strong alumni network, speaker panels, networking events and two specialized career fairs each year, our students successfully connect with internship and job opportunities.
Our graduates are working in the fields of enterprise risk management, corporate risk management, commercial underwriting, claims and brokerage, consulting and actuarial.
The following employers work with the Thrower Center and recently hired graduate students as interns or in professional positions:
- AIG
- AON
- Aspen Insurance
- AXA XL
- Berkshire Hathaway Specialty
- CNA Insurance
- Chubb
- Citigroup
- Con Edison
- EY
- Hub International
- JP Morgan Chase
- Marsh
- OneBeacon
- PepsiCo
- Starr Insurance Companies
- Swiss Re
- Validus Group
Scholarships Opportunities
Applicants accepted to this program are automatically considered for scholarships 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 Requirements
Applicants to graduate programs at The Peter J. Tobin College of Business are automatically considered for Graduate Management Admission Test (GMAT™)/Graduate Record Examinations (GRE®) waivers. Applications with a grade point average below 3.25 may be strengthened by submitting a GMAT™/GRE® score.
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.
- One letter of recommendation, obtained from professional or academic references.
- Official TOEFL, IELTS, or Duolingo scores are required for applicants whose native language is not English.
- Students with international credits must also submit a course-by-course foreign credit evaluation with GPA calculation from a NACES member.
- Applicants to The Tobin College of Business Graduate programs will automatically be considered for GMAT/GRE waivers. Applications with a GPA below 3.25 may be strengthened by submitting a GMAT/GRE score.
For additional information, please contact:
Office of Graduate Admission
The Peter J. Tobin College of Business
8000 Utopia Parkway
Suite 114
Queens, NY 11439
718-990-1345
[email protected]
Department Faculty
- Professor
Department
Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science
- Professor
Department
Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science
- Associate Professor
Department
Maurice R. Greenberg School of Risk Management, Insurance and Actuarial ScienceSTEM Visa Extension for International Students
The Master of Science in Risk Management and Risk Analytics 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.
Contact Us
For additional information on the Master of Science in Risk Management and Risk Analytics, please contact the faculty program director:
Success at St. John's
Our students and alumni have amazing stories to tell. See how these Johnnies have transformed their passion into real-world success.
Global Travel and Career Success: How This Alumna Built a Thriving Career in Risk Management
Jamie Soderman ’21SRM The Peter J. Tobin College of BusinessHighlight
"The St. John’s alumni community is always willing to share their time and experience with others."
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