Frequently Asked Questions
Questions about Admissions
No. The admissions policy requires that you submit all materials aside from recommendation letters yourself, not through an agent or third-party vendor, with the sole exception of submissions by the U.S. Department of State’s Fulbright Program and its three partner agencies: IIE, LASPAU and AMIDEAST; by the Danish-American Fulbright Commission (DAF), Deutscher Akademischer Austauschdienst (DAAD); and Vietnam Education Fund (VEF). All application materials including statements of purpose and video essays must be your own words and ideas. Applicants found in violation of admissions policy are inadmissible.
Applicants must upload a transcript from each institution attended. If any of your post-secondary coursework is from an institution outside of the United States, you are required to submit all international post-secondary coursework to World Education Services, Inc. (WES), a third-party verification agency for a course-by-course evaluation.
Yes, we need transcripts from all post-secondary institutions attended.
GRE/GMAT is not required upon application submission, however, standardized exams are a useful indicator of academic ability and applicants are strongly encouraged to consider submitting scores to further support their candidacy and strengthen their application.
To be considered for admission, students must be comfortable with rapid and idiomatic spoken English. If the language of instruction of your undergraduate-degree-conferring institution is English and you completed at least two years at the institution, you need not take further steps to prove fluency. However, if your undergraduate education is not conducted in English, or you completed fewer than two years at your degree-conferring institution where English was the language of instruction, you must provide official scores on the TOEFL or IELTS.
Yes, Columbia SPS currently accepts the at-home version of the GRE and TOEFL/IELTS.
All applicants are required to submit at least one academic reference, unless that applicant received a bachelor’s degree more than 5 years prior to the date of application. Your application will be considered incomplete and ineligible for review if it is missing the required academic reference.
Yes, to be eligible for admission, applicants must have earned a bachelor’s degree from an accredited institution by the date on which they will enroll at Columbia SPS. Applicants providing in-progress coursework for admissions consideration are required to provide a final transcript showing all grades and the conferral of a bachelor’s degree.
Applicants are not allowed to re-record their video essay, unless they experienced a technical error, which is confirmed by the committee. To ensure successful submission of the video essay, our team has provided the following suggestions:
- Use a wired Ethernet connection, instead of a wireless internet connection
- Use Chrome, instead of Firefox, Safari or Internet Explorer
- Use a headset with a microphone
- Use a different computer
- Clear cookies
Should you still encounter difficulties, feel free to contact us.
Once your application is submitted and all application materials (including recommendation letters) are received, it can take roughly 4–6 weeks for a decision to be posted to your account.
We strongly recommend that you apply for the term to which you plan to enroll. If you are admitted to the program and encounter exceptional circumstances that will prevent you from enrolling, you may submit a deferral request. Please email erm [[at]] sps [[dot]] columbia [[dot]] edu with your request, and include the reason you are seeking a deferral. Please note, it is not guaranteed your request will be approved.
Questions about the M.S. Program
Yes, if you are interested in speaking with a faculty member, current student or alum of the program, please email erm [[at]] sps [[dot]] columbia [[dot]] edu.
Yes, the M.S. in Enterprise Risk Management program can be completed entirely online. Please note that this is a synchronous program, requiring you to log in to class at the given class time.
Most courses are held Monday through Thursday, either from 6:00–8:00 p.m. or 8:00–10:00 p.m. All listed times are in Eastern Time (ET). Courses typically meet once per week.
The average full-time student completes the degree in three terms (16 months). The average part-time student completes the degree in six terms (3 years).
The average full-time student takes four courses per term. The average part-time student takes two courses per term.
The average class size is 30 students.
The student to lecturer ratio is about 28:1. Most ERM courses have at least one associate supporting the lecturer. Associates are working professionals or ERM graduates who are working full-time. The student to lecturer/associate ratio is about 13:1.
The M.S. in Enterprise Risk Management program accepts students with varying degrees of work experience, and depending on the level of work experience you are entering the program with, you can expect different job outcomes. For students with less work experience, some sample job outcomes are:
- Risk Analyst
- Risk Associate
- Risk Consultant
- Credit Risk Analyst
For students with more work experience, some sample job outcomes include:
- Assistant Vice President, Operational Risk
- Corporate Vice President, Corporate Compliance
- Director of Enterprise Risk Management
The Career Design Lab supports current students and alumni with individualized career coaching, including career assessment, resume & cover letter writing, agile internship/job search strategy, personal branding, interview skills, career transitions, salary negotiations and more.
Students are able to complete internships for credit. Students must have completed two full semesters in order to take an internship for credit. Students must find their own internship and have it approved by the program before eligibility to enroll in the ERM Internship course is granted.
Tuition is billed at a rate of $2,266 per point. The entire degree consists of 36 points.