Master of Science in Enterprise Risk Management

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Part-Time

Columbia University’s Master of Science in Enterprise Risk Management (ERM) prepares graduates to inform better risk-reward decisions by providing a complete, robust, and integrated picture of both upside and downside volatility across an entire enterprise. For the part-time option, students may take all their courses on Columbia’s New York City campus or choose the synchronous online class experience. The part-time program takes up to 6 terms to complete and fall or spring entry is possible.

Learn more about the program, including its flexible options and core competencies, in the Enterprise Risk Management Fact Sheet.

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At a Glance

In This Master’s Program, You Will Learn To:

  • Apply a value-based ERM approach to help organizations make better risk-reward decisions at the highest levels.
  • Quantify all types of risk, including strategic, operational, financial, and insurance
  • Develop a clear definition of risk appetite (the aggregate enterprise-level risk limit).
  • Design and implement customized ERM frameworks and risk governance structures for any type of organization.
  • Enhance the strategic planning process, increasing the likelihood of an organization achieving its goals.
  • Understand and satisfy ERM requirements from rating agencies, regulators, and shareholders.
  • Balance technical ERM skills with effective communication skills to gain buy-in from key internal and external stakeholders.

Program Features Include:

  • A faculty of globally recognized ERM leaders who mentor students and provide academic, professional, and career guidance.
  • A focus on all aspects of ERM, including frameworks, governance, identification, quantification, risk-reward decision-making, and messaging.
  • Practical ERM tools and techniques, that have been implemented and proven in industry settings.
  • Flexible course options that allow students to explore topics that matter most to them.
  • Comprehensive understanding of key risk sources, including strategic (e.g. competitor risk), operational (e.g. HR), financial (e.g. market risk), and insurance (e.g. pricing risk).
  • Access to Columbia’s Ivy League resources, career guidance, global alumni network, and location in New York City.

Alumni Employers

ERM graduates work in key positions for a wide range of organizations in New York City, across the country, and around the world, including:

Employers

  • AIG
  • American Express
  • Barclays Investment Bank
  • China International Capital Corporation
  • CLSA Hong Kong
  • Deloitte
  • Deposit Trust Clearing Corporation
  • Ernst & Young
  • Fosun Group
  • Ingenus Pharmaceutical

Employers

  • JP Morgan Chase
  • KPMG
  • Morgan Stanley
  • Penn Mutual Life Insurance
  • Pingan Securities
  • PwC
  • Schroders Investment Management
  • Societe Generale
  • United Nations

Study Options in New York City and Online

The program is available in-person on Columbia’s campus or online via Columbia’s interactive social learning platform.

  • Both the in-person and online options feature rigorous coursework, world-class instruction by Columbia faculty, career and professional development resources, and personalized feedback on assignments.
  • The online program uses a highly collaborative social learning platform, including weekly live online sessions to enable interaction between faculty and students.
  • For additional flexibility and to accommodate working professionals, students taking courses on campus can also take courses online. (International students on a student visa are restricted to one online class each semester.)
  • Online students can enroll in the in-person program after the first semester and with administrative approval.

Who Should Apply?

  • Individuals who plan to pursue or advance a career in enterprise risk management.
  • Individuals who want to expand their abilities in specialized risk management areas such as auditing, information technology, compliance, and management of insurable risks.

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F1 Optional Practical Training Opportunities

Following successful completion of the program, international degree-holders may be eligible for F1 Optional Practical Training (OPT) and the opportunity to work in the U.S. for up to one year. Because this is a STEM-eligible program,international degree-holders may be eligible for an F1 STEM OPT Extension, which allows F1 students to apply for an additional 24 months of OPT.

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Certification of Professional Achievement in ERM

Ideal for individuals who plan to pursue a career in enterprise risk management or who want to expand their expertise in specialized risk management areas such as auditing, information technology, compliance, and management of insurable risks.

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Individual Courses

Ideal for those who want to become more effective in targeted aspects of a current ERM role,  specialize in  risk management fields, or pursue an actuarial role with focused ERM knowledge.

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Learn more about Enterprise Risk Management at Columbia University School of Professional Studies, or contact the program admissions counselor.

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As admissions to our programs are highly competitive, we encourage you to apply as soon as possible. Learn more about the application process, deadlines, and requirements.

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