The MS program in the Management of Risk has a special focus on
insurance as a tool of risk management but the broader goal of the
program is to enable its graduates to finance corporate risk,
within the realities of the firm's environment, in a way that
preserves/enhances firm value. Students are ultimately responsible
for their own knowledge advances and are active and critical
participants in learning. Rather than a program limited to passing
a set of courses, students are encouraged to collaborate with their
fellow graduate students and faculty advisors to gather and
organize recorded knowledge, to analyze and synthesize information,
to draw conclusions and make recommendations for industry practice
or public policy.
The MS program requires completion of 30 credits plus a significant
activity. Designed as a cohort program, students enter the program
only in September. Full-time students can complete the MS degree in
one year; part-time study is possible but requires two plus years
of study.
With three different ways through which to satisfy the requirements
for the MS degree, students have an element of flexibility in
completing program:
Option 1: Students who obtain a grade point
average of 3.5 or better may pursue a thesis
option and on the successful completion of their thesis will
receive their MS degree with Honors. Students take the
5 curriculum courses, 3 elective
courses, plus 6 credits of thesis writing.
Students do not have to remain on campus to write their thesis but
they have to be enrolled in BA901 and BA902
(Please see thesis
procedures for details).
Option 2: Students take the 5
curriculum courses, 4 elective courses, plus
complete a 3-credit applied project. Students
complete their applied project while enrolled in RMI 621. An
international student on a student visa may need to apply for the
CPT (Curriculum Practical Training) if the student identifies a
project requiring such an application.
Option 3: Students take 5
curriculum courses, 5 elective courses, plus pass
a comprehensive written examination administered by the School of
Risk Management.
The curriculum courses are RMI601,
RMI602,
RMI604,
RMI614
and RMI611.
Elective courses include all other 600 level courses (or higher)
offered by The School of Risk Management, Insurance and Actuarial
Science as well as by the rest of The Tobin College of Business as
listed in the Graduate
Bulletin.
Note that some courses have a prerequisite. Students work
with their graduate advisor, and with faculty, to select electives
and schedule courses that best meet the individual learning
objectives of each student.
Entry Requirements:
Admission to the MS in the Management of Risk is competitive.
Students need a competitive score on the GMAT or GRE, an
undergraduate degree and demonstrated adequate
knowledge of corporate finance, microeconomics and applied
statistics.
Students demonstrate adequate knowledge of corporate finance,
microeconomics and applied statistics if they have competed at
least two undergraduate courses from an AACSB accredited business
school with a grade of at least a "B" in the respective discipline
represented by corporate finance, microeconomics and decision
sciences. Alternatively, students have three other options to
demonstrate this knowledge.
Students may satisfy the prior knowledge requirement by taking and
passing FIN507, ECO506 and DS504 before they take courses leading
to the MS degree. This option is of limited usefulness because the
timing of the preparation courses coupled with the cohort nature of
the program makes it difficult for students to coordinate the
semester-to-semester sequencing of courses. Alternatively, students
may take and pass an accelerated preparation module (RMI500)
provided by the School of Risk Management in conjunction with the
first semester courses leading to the MS degree; or students take
and pass a competency exam administered before they take courses
leading to the MS degree.
For admission to graduate degree programs contact Rebekah L.
Hanousek-Monge at hanouser@stjohns.edu.
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