Risk Management - Dynamic Financial Analysis Modeling

The MS in Risk Management takes a minimum of 30 credits to complete, depending on one’s academic background. The program can be completed in as few as three semesters, and, because courses may be offered during the summer, the program may be completed in one calendar year for students attending on a full-time basis.

All students across the four concentrations will take an overview course which will give them a broad view of risk management, and three additional courses: risk transfer to financial markets, risk transfer to insurance markets, and a team-based, hands-on capstone course after at least 18 credits have been taken in the program.

Students will have additional required courses specific to their chosen concentration. If equivalent courses have been taken prior to admission, students may choose courses from a set of additional electives with the approval of the program director.

DFA MODELING CONCENTRATION

The concentration is designed to give students a solid risk management foundation, including basic risk management skills in finance, math, risk transfer markets, and financial modeling, plus training in enterprise risk management. The curriculum will further enhance the student’s expertise in modeling and programming for asset liability management, financial instruments, and econometric analysis of financial variables and capital markets. The curriculum is designed for students with computer science or mathematics backgrounds but covers a vast majority of the CFA Institute’s body of knowledge as well as that of the Society of Actuaries and the Casualty Actuarial Society, so it should help students be well prepared to study for and pass the various exams required for professional designations from the three organizations should they wish to pursue these career paths.