The School of Risk Management, Insurance and Actuarial Science (SRM) has a rich history and tradition. It was formed initially as the Insurance Society of New York in 1901, and became the School of Insurance in 1947 and the College of Insurance (TCI) in 1962. SRM evolved from the merger of TCI and St. John's University in 2001. The academic programs, faculty, student services, and historic library are located on our state of the art campus at 101 Astor Place in Manhattan.
SRM is a global leader in risk and insurance education and training and draws candidates from all regions of the world. All of the degree programs offered by The Peter J. Tobin College of Business, and thus by SRM, are fully accredited by the Association to Advance Collegiate Schools of Business.
The M.S. in Actuarial Science, the M.S. in Enterprise Risk Management and the M.S. in Risk Management and Risk Analytics all conform to the U.S. Department of Homeland Security’s STEM (Science, Technology, Engineering, Math) program that qualifies eligible international graduates on student visas for an optional practical training extension of 24 months.
Academic and administrative leaders for the School of Risk Management, Insurance and Actuarial Science include Dean Brandon Sweitzer and Faculty Chairperson Mark Browne.
School of Risk Management, Insurance and Actuarial Science
Margarita Gonzales David, Undergraduate Admissions[email protected]
Office of Graduate Admissions, The Peter J. Tobin College of Business[email protected]
Laura L. Vega-Konefal, Assistant Dean and Associate Director for Academic Advisement[email protected]
Alma Rivera, Advisement Coordinator[email protected]
Jody Queen-Hubert, Apprenticeship and Job Placement[email protected]
Mark J. Browne, Chairperson[email protected]
Outstanding applicants to the Master of Science in the Management of Risk or the Master of Science in Enterprise Risk Management are awarded prestigious Insurance Leader of the Year Fellowships (ILOTY). These fellowships include full tuition as well as travel costs associated with an elective international insurance markets course, which includes travel outside the US.
The School of Risk Management, Insurance and Actuarial Science offers two Master of Science Degrees, an MS in the Management of Risk and an MS in Enterprise Risk Management. Both the MS in the Management of Risk and the MS in Enterprise Risk Management prepare students to pursue intellectually stimulating and rewarding careers in commercial risk management. Risk management, of which insurance is a critical part, is a fundamental basis for personal and family financial security, societal well being and economic progress.
Financial support from the insurance industry provides significant financial assistance to qualified students. Outstanding applicants are awarded prestigious ILOTY Fellowships, which fully fund tuition.
Admission is open to students regardless of one's undergraduate major. In recent years, students have held undergraduate degrees in fields as diverse as art history and economics. In addition to submitting an application to one of the School of Risk Management’s Masters of Science degree programs, you are required to submit an application to be considered for an ILOTY Fellowship.
Internships are facilitated by The Ellen Thrower Center for Apprenticeship & Career Services of the School of Risk Management. Students will ideally obtain a meaningful apprenticeship or paid internship in the New York insurance industry to complement their academic studies. Gaining industry experience outside of the classroom is a critical component of the student experience at the School of Risk Management. You may work in a one semester internship or in a multiple-semester apprenticeship. You will work closely and cooperatively with the staff of The Ellen Thrower Center to prepare for and secure a meaningful work experience.
Professional Opportunities available in the industry are varied and broad. To give just a few examples, a graduate of our school with an interest in fine arts could pursue a position in underwriting with an insurer that specializes in underwriting masterpieces for museums and private collections; an undergraduate political science major who earns a graduate degree at the School of Risk Management could pursue a career as a broker specializing in arranging coverage for political risks; an undergraduate English major could work with a team that crafts coverage agreements on unique, high-value risks such as the Chrysler Building; and a graduate, with a background in environmental studies, could find a position in the agro-business or energy practice group of an insurer.
For questions or comments, please e-mail Prof. Nicos A Scordis, Ph.D. or our Director of Graduate Admissions, Rebekah Hanousek-Monge. Reference "ILOTY Fellowship" in the subject line.
Peer Effects in Risk Preferences: Evidence from GermanyMark J. Browne, Annette Hofmann, Andreas Richter, Sophie-Madeleine Roth, and Petra Steinorth
SRM Working Paper No. 2, January 2019
Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and EvidenceRaimond Maurer, Olivia S. Mitchell, Ralph Rogalla, and Tatjana Schimetschek
SRM Working Paper No. 1, October 2018