In alignment with Southern Connecticut State University’s mission to transform the lives of a diverse student population through education and research, our AACSB-accredited MS in Financial Risk Management (MSFRM) Program offers a cutting-edge curriculum focused on financial risk assessment, quantitative modeling, regulatory compliance, and strategic decision-making. Designed to meet the evolving needs of finance professionals, our MSFRM Program delivers industry-relevant education that prepares graduates for leadership in financial risk management roles across industries.
Program Overview
Designed for Aspiring Risk Professionals and students, the MSFRM Program is tailored for individuals seeking to enhance their expertise in financial risk analysis, investment management, and corporate financial strategies. It equips students with the tools to navigate complex financial markets through key areas of risk management and financial strategy.
Comprehensive Risk Analysis
Students engage in hands-on learning experiences incorporating financial risk assessment methodologies and regulatory frameworks. The program is STEM integrated, and our “data analytics approach” ensures that graduates will be able to identify, analyze, and mitigate financial risks that impact financial markets, businesses, and economies.
Broad Curriculum Coverage
The program features a structured blend of core courses and a capstone project, thereby providing a well-rounded perspective on financial risk management, which allows students to gain expertise across key financial domains, including market risk, credit risk, and operational risk.
Advanced Risk Management Frameworks
The program emphasizes critical thinking and problem-solving through advanced quantitative financial methodologies. Graduates are well-equipped to apply risk mitigation strategies to enhance financial stability and performance.
Leadership in Financial Decision-Making
The MSFRM Program fosters leadership by integrating experiential learning opportunities with professional development initiatives. Students will have the opportunity to participate in the School of Business Life Design Academy to enhance their career trajectory and to position themselves for success in risk management and financial strategy roles.
Diverse and Collaborative Learning Environment
The program attracts students from diverse educational backgrounds, thereby fostering an inclusive and dynamic learning community. Students may also benefit from the School’s Collaborative Online Interdisciplinary Learning (COIL) initiatives, which provide students with opportunities to work with peers from other institutions and industries.
Optimum Time Investment
The MSFRM Program, both in-person and online, may be completed in as little as one year, irrespective of prior educational background and experience.
Programmatic Learning Goals
Upon successful completion of the MSFRM Program:
- Students will be competent financial risk analysts.
- Students will be able to articulate financial risk analysis and its embedded elements.
- Students will demonstrate understanding of (i) the Chartered Financial Analyst (CFA) Code of Ethics & Standards of Professional Conduct. (ii) Global Association of Risk Professionals (GARP) Code of Conduct. (iii) Artificial Intelligence (AI) and Machine Learning (ML) Applications in Finance and Risk Management.
Program Admission Requirements
- To be admitted, a student must hold a baccalaureate degree with a minimum final GPA of 3.0.
- Students with degrees that were earned more than five years prior to the date of the application may submit recent GMAT test results or professional work experience to supplement their eligibility.
GMAT waived for most applicants!
Application Process Checklist
- Students should apply online
- Current Resume/C.V., clearly documenting work experience etc.
- Official Transcripts
- One Letter of Recommendation
- A non-refundable graduate application fee of $50
Program Delivery Formats
The MS in Financial Risk Management program offers two flexible delivery formats to accommodate diverse learning preferences and schedules.
The On-Ground format
Provides immersive, in-person experience with face-to-face interactions, networking opportunities, and access to campus resources.
The Online format
Offers maximum flexibility, enabling students to complete coursework remotely through interactive digital platforms, making it ideal for working professionals or those unable to attend in person.
Distinguishing Curricular Features
Comprehensive Risk Management Coursework
Courses cover a wide range of risk domains, including:
- Financial Risk Modeling — Quantitative models for managing market risk and credit risk, scenario analysis and stress-testing;
- Derivatives and Hedging Strategies — Exploring financial instruments/products used in risk mitigation;
- Regulatory Compliance and Ethics — Understanding global financial regulations and corporate governance; and
- Enterprise Risk Management — Integrating risk management strategies within organizational frameworks.
Real-World Risk Management Capstone
A hands-on experiential learning project that allows students to apply risk analysis techniques to actual financial challenges.
Preparatory Courses for Accessibility
The curriculum builds upon foundational finance concepts while eliminating redundancies from prior undergraduate coursework. For students without prior finance experience or knowledge, preparatory courses are available before entering the core curriculum. Quantitative Methods for Finance and a primer course on Portfolio Theory & Security Analysis are available as waivable preparatory courses, thereby ensuring inclusivity for students from diverse academic backgrounds.
Practical Training with Industry-Leading Tools
Students gain experience with Bloomberg Terminal in our Bloomberg Lab, and Python/R/MATLAB, etc., so that they are workforce-ready upon graduation.