Specialization in Financial Risk Management:

Students completing the Spcialization in Financial Risk Management (FRM) will earn a dual concentration in risk management and insurance and in finance. The specialization is designed to prepare students to work in the treasury departments of non-financial firms or as professionals in the financial risk management departments in financial institutions or consultancies. The four courses required for the Specialization in Financial Risk Management are as follows:

Fi 8000 Valuation of Financial Assets
RMI 8050 Risk Management Modeling
Fi 8200 Derivative Markers I
RMI 8370 Financial Risk Management

MBA Career Path in Enterprise Risk Management:

The MBA Career Path in Enterprise Risk Management ERM is appropriate for students seeking to further enhance their training in financial risk management with broader education in the management of operational and other non-financial risks, such as political risk, property and liability exposures, security breach risk, and employer welfare.

Students seeking to enroll in this program must take three courses in addition to those required for the Specialization in Financial Risk Management (above). One is required and the other two can be chosen by the student, with approval of the RMI department's graduate faculty adviser, from the list of recommended courses below. Other courses may be selected with the advance approval of the graduate adviser.

Required:

RMI 8150 Corporate Risk Management

Choose two of the following:

Acct/CIS 8680 Security and Privacy of Information and Information Systems
Econ 8860 Economics of Global Finance
RMI 8120 Property and Liability Insurance
RMI 8350 International Risk and Insurance

MBA students who complete the ERM career path will earn the major in RMI and also will earn a concentration in finance. A complete description of the MBA Career Path Program is described here.