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Enterprise Risk Management, M.Sc.

  • Application Deadline
  • 12 months
    Duration
University rank #51 (BCR) Boston, MA, United States
The Master of Science in Enterprise Risk Management program at Boston University integrates cutting-edge intellectual content from the academic world with sophisticated management practices of leading global corporations.
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Overview

The imperative of the 21st-century business environment, Enterprise Risk Management offered by Boston University is a holistic management construct for identifying potential threats, risks, and vulnerabilities in an organization and its business enterprise. It concerns ongoing, never-ending strategies to evaluate and mitigate potential disruptions, and encompasses resiliency planning, prevention, crisis management, business continuity management, and technology recovery. As such, the ability to contribute to ERM planning and execution is an important skill for many business leaders.

The primary objective of the MSERM program is to develop sophisticated professionals who can take on ERM challenges in today’s turbulent business world, enhancing business value by providing solutions that mitigate risk across entire business enterprises.

Learning Outcomes

  • Proficiency in designing and evaluating exposures and the available response options, and developing appropriate plans for widely used enterprise risk management, business continuity planning, and disaster recovery frameworks and processes.
  • Skills in the use of quantitative and qualitative data to estimate the likelihood and severity of individual exposures.
  • The skills and abilities necessary to undertake management and leadership roles in the profession of enterprise continuity, with an appreciation of the broad issues of continuity, security, and risk management.
  • A broad understanding of the different aspects of business continuity as it impacts the continued operations of the firm, from supply-chain management through higher-level strategy development involving markets and industry sustainability.

Programme Structure

Courses include:

  • Financial Concepts
  • Project Management
  • Quantitative and Qualitative Decision-Making
  • The Innovation Process: Developing New Products and Services
  • Enterprise Risk Management

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 12 months
    Part-time
    • Average part-time duration 24 months
    • Intensity Flexible
  • Credits
    40 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Get a free IELTS practice test
  • Minimum required score:

    84

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®

Academic Requirements

  • This programme accepts GRE® scores. However, it does not provide a recommended score range.

    Schedule GRE®

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

National

  • A completed Application for Graduate Admission
  • Three letters of recommendation
  • A personal statement
  • A current résumé
  • Transcript(s) from each college and graduate school attended
  • A nonrefundable application fee of $85

International

  • International Student Data Form
  • Authorized financial statement from a bank (original, shown in U.S. dollars)
  • Copy of current I-20 and I-94, both sides (if applicable)
  • Letter of financial support from a sponsor (firm, government, parents, etc.)
  • Notarized English translations of all documents not in English

Tuition Fee

  • International

    54720 USD/year
    Tuition Fee
    Based on the original amount of 54720 USD per year and a duration of 12 months.
  • National

    54720 USD/year
    Tuition Fee
    Based on the original amount of 54720 USD per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Boston

  • 1560 - 3240 USD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Enterprise Risk Management
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