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Enterprise Risk Management (MS)
The Master of Science in Enterprise Risk Management degree provides students with the skills necessary to identify and manage the strategic, operational, cyber and financial risks facing firms today. This program is designed for experienced managers who seek to take on greater responsibilities in risk management, and for senior managers, corporate board members, C-suite executives and others with risk oversight responsibility. Graduates of the program emerge well-equipped for strategic planning roles that require proactive decisions to manage risks and protect the value of the enterprise for stakeholders.
This multidisciplinary program incorporates required courses and electives from DePaul’s management, finance and real estate programs, School of Accountancy, Center for Strategy, Execution and Valuation and College of Computing and Digital Media. This rich curriculum will allow you to tailor your program to your career goals.
In the program, you will gain the knowledge and skills to:
- Define and manage various exposures that constitute the overall risk faced by a firm or enterprise.
- Organize, model and quantify the exposures and risks faced by your organization.
- Understand how insurance can be employed to avoid risk and protect your organization, and how the insurance market is structured and regulated.
- Calculate the effects of risks and exposures on the value of the firm or enterprise.
- Analyze how corporate governance structures relate to risk management processes.
DePaul’s Master of Science in Enterprise Risk Management is a Department of Homeland Security STEM-designated program. STEM designation is granted to programs that produce graduates educated in science, technology, engineering and/or math who help support U.S. economic competitiveness and growth. International students who earn degrees from STEM-designated programs can qualify to extend their post-graduation stay in the United States for Optional Practical Training (OPT). OPT provides an opportunity for international students to develop their careers while also helping meet the demand for STEM-educated professionals in the U.S. workforce. To find out more, contact the Kellstadt Graduate School of Business at email@example.com or (312) 362-8810.
|Program Requirements||Quarter Hours|
|Total hours required||48|
Students will be able to:
- Demonstrate both knowledge and skills that are broad, deep, and necessary to fulfill their professional goals.
- Use analytical and decision-making skills to solve problems encountered by business and investors.
- Apply financial theory to solve a variety of problems in investment management, risk management, and in corporate finance.
- Produce a coherent written statement of the analysis of a complex business issue.
- Understand and solve problems encountered by a multinational business.
- Develop the foundation to think about and address ethical issues in the context of financial markets, institutions, and non-financial corporate entities.
The MS Enterprise Risk Management program (MSERM) will consist of 12 courses (48 credit hours), distributed amongst the four areas of risk management: strategic, operational, cyber, and financial. Students entering the Master of Science in Enterprise Risk Management (MSERM) program are expected to have the level of knowledge in accounting, economics and quantitative analysis that is equivalent to ACC 500, GSB 420, and ECO 555, respectively.
Based on previous course experience as an undergraduate or graduate student and in consultation with the Chair of the Department of Finance, these prerequisites can be waived for entering students.
Core Courses (9 required courses)
|FIN 555||FINANCIAL MANAGEMENT||4|
|FIN 501||ETHICS IN FINANCIAL MARKETS||4|
|FIN 523||INVESTMENT ANALYSIS||4|
|FIN 540||CORPORATE GOVERNANCE||4|
|FIN 562||RISK MANAGEMENT||4|
|FIN 565||PRINCIPLES OF RISK AND INSURANCE||4|
|FIN 566||RISK MANAGEMENT MODELING||4|
|FIN 676||CASES IN RISK MANAGEMENT||4|
|CNS 440||INFORMATION SECURITY MANAGEMENT||4|
Note: GSB 500 is required for international students and may be waived for those students with a prior U.S. degree.
Elective Courses (3 courses)
Please choose any three elective courses from the following:
Computer Information and Network Security
|GOVERNANCE POLICIES IN INFORMATION ASSURANCE|
|ENTERPRISE SECURITY INFRASTRUCTURE CONTROLS AND REGULATORY COMPLIANCE|
|DATA ANALYSIS AND REGRESSION (FORMERLY CSC 423)|
|FUNDAMENTALS OF DATA SCIENCE (FORMERLY IS 467)|
|ADVANCED DATA ANALYSIS (FORMERLY CSC 424)|
|TIME SERIES ANALYSIS AND FORECASTING (FORMERLY CSC 425) 1|
It is recommended that DSC 425 be taken as a 13th course to complete Predictive Analytics.
|ACTUARIAL SCIENCE I: THEORY OF INTEREST|
|ACTUARIAL SCIENCE II: BASIC CONTINGENCIES|
|ACTUARIAL SCIENCE III: ADVANCED CONTINGENCIES|
Portfolio Risk Management
|ADVANCED TOPICS IN INVESTMENTS|
|PRINCIPLES OF FORENSIC ACCOUNTING|
|FORENSIC AND INVESTIGATIVE ACCOUNTING|
|FORENSIC FINANCIAL STATEMENT ANALYSIS AND VALUATION|
Strategy, Execution, and Valuation
|RETURN DRIVEN STRATEGY|
|INTERNAL AUDITING, CORPORATE GOVERNANCE AND INTERNAL CONTROL|
|ADVANCED IT AUDITING|
|UNIVERSITY EXPERIENCE: ACADEMIC AND BUSINESS CULTURE|
|ADVANCED CORPORATE FINANCE|
|MERGERS AND ACQUISITIONS|
|SUSTAINABLE VALUE CREATION|
|PRINCIPLES OF STOCK PICKING|
|STRATEGIC SUPPLY CHAIN MANAGEMENT|
|REAL ESTATE INVESTMENT AND FINANCE|
|REAL ESTATE CAPITAL MARKETS AND FINANCE|
|INSTITUTIONAL REAL ESTATE INVESTMENT|
- Satisfactory completion of the college residency requirement.
- Satisfactory completion of the 9 required course and 3 elective courses.
- All courses for credit toward the degree must be completed within six calendar years after the candidate's first term of enrollment in the Kellstadt Graduate School of Business. After a lapse of six years a course is expired. An expired course is not acceptable for the purpose of satisfaction or degree requirements and is not applicable to the degree without the written approval of the director of the program or the Kellstadt Graduate School of Business.