Financial Risk Management

The Master of Science in Financial Risk Management (MSFRM) degree prepares students to develop and direct investment strategies and manage the financial risk of firms, institutions, and private clients. Many students completing the MSFRM degree program look for positions in finance or risk management upon graduation.  Students may elect to continue their studies and complete the Concentration in Quantitative Methods in Risk Management (QRM).  Some graduates choose to pursue a Ph.D. in areas such as finance, mathematics or economics. The optional concentration in QRM is coursework-based and provides deeper training in programming and financial modelling with computer and software applications.  Students must complete a minimum of 33-36 credits. The program may be completed part-time or full-time. Students must complete an Experiential Learning Requirement prior to graduating.

Required courses: FNCE 5310*, 5312, 5313, 5321, 5322, 532353315332, 5333, 53415343, and 5344.

* This course can be waived by the Program Director for students who can demonstrate a sufficient understanding of the relevant U.S. financial markets.

Experiential Learning Requirement. Students are required to complete an Experiential Learning Requirement (ELR).

4+1 track. Undergraduate students enrolled in Finance or other related majors (including other business majors, Economics, Actuarial Science, and Mathematics) may apply for the 4+1 track during their junior year. Students must go through a competitive admissions process, and if accepted into the 4+1 track, will have a plan of study that exempts FNCE 5333. This allows 4+1 track students to complete the MSFRM program with 30 credit hours of graduate work within one additional year of study after completing their undergraduate degree.

Concentration in Quantitative Methods in Risk Management (QRM). The concentration in QRM requires students to complete an additional nine credits beyond the requirements for an FRM degree. The Concentration includes two courses on advanced and quantitative applications in Financial Modelling and Financial Engineering and a comprehensive course on Enterprise Risk Management (ERM). The following courses are required to complete the concentration: FNCE 5351, 5352, and 5353.

The programs are offered by the School of Business.