Navigate Up
Sign In

[X] Login to ...

Home > Academics > Divisions > Social Sciences > Risk Management > Curriculum Overview
Risk Management


Untitled Document
 

Areas of Concentration

M.S. in Risk Management​ takes 30 credits to complete, if a student has met all prerequisites. Students choose one of three areas of concentration. Each concentration is designed to strengthen your core skill sets while broadening your reach across disciplines.

Finance Concentration
Develops the finance practitioner's knowledge of financial, statistical, and analytical tools to identify, quantify, and mitigate a variety of risk types, and an understanding of GAAP and IFRS accounting rules and the regulatory environment - excellent preparation for the series of CFA exams.

Accounting Concentration
Strengthens the accountant's ability to identify, measure, and manage risk across businesses, specific transactions, and assets and liabilities - satisfies the New York State CPA 150/30 credit requirement for CPA licensure.

Dynamic Financial Analysis Concentration
Enhances the quantitative analyst's financial tools by deepening an understanding of capital markets. Students will design models for a variety of risk management applications, such as risk monitoring, risk aggregation, actuarial models, hedging models, and asset-liability management.  

Required Courses in Risk Management

All courses are 3 credits. Students in all concentrations will take a common capstone course to complete the program.

Accounting Concentration
(30 credits)
  Finance  Concentration
(30 credits)
  DFA Modeling Concentration(30 credits)
RM 701 Enterprise Risk Management(Fall) RM 701 Enterprise Risk Management (Fall) RM 701 Enterprise Risk Management (Fall)
RM 705 Risk Transfer to Financial Markets (Fall, Spring) RM 705 Risk Transfer to Financial Markets (Fall, Spring) RM 705 Risk Transfer to Financial Markets (Fall, Spring)
RM 706 Risk Transfer to Insurance Markets (Fall, Spring, Summer) RM 706 Risk Transfer to Insurance Markets (Fall, Spring, Summer) RM 706 Risk Transfer to Insurance Markets (Fall, Spring, Summer)
ECO 715 Advanced Corporate Finance (Fall, Spring) RM 702 Accounting for Risk Management (Fall) RM 702 Accounting for Risk Management (Fall)
RM 704 Risk Measurement (Fall) RM 704 Risk Measurement (Fall) RM 704 Risk Measurement (Fall)
ACC 712 Advanced Financial Accounting Theory RM 707 Financial Statement Analysis & Credit Risk Management (Spring) RM 707 Financial Statement Analysis &Credit Risk Management (Spring)
ACC 723 Advanced Auditing Theory and Practice (Fall, Spring) RM 708 Financial Econometrics (Spring) RM 708 Financial Econometrics (Spring)
ACC 747 Communications and Accountants(Fall, Spring) RM 709 Portfolio Management (Spring) RM 709 Portfolio Management (Spring)
ACC 757 Taxation of Business Entities (Fall, Spring) RM 710 Fixed Income Instruments (Fall) RM 710 Fixed Income Instruments (Fall)
RM 790 Applied Dynamic Financial Analysis (capstone) (Spring) RM 790 Applied Dynamic Financial Analysis (capstone) (Spring) RM 790 Applied Dynamic Financial Analysis (capstone) (Spring)


At the end of each semester, any student with less than a 3.0 will receive a warning and must bring the average back up to a 3.0 in the following semester or be dismissed from the program
.​ ​  

Prerequisites in Risk Management 

Accounting Concentration Prerequisites    Finance Concentration
Prerequisites 
  DFA Concentration Prerequisites 
BA or BS in Accounting including: Corporate finance, statistics with a calculus prerequisite, microeconomics, macroeconomics.  Accounting 101 and 102;  Economics 101 and 102 (macro, micro);
RM 705 Risk Transfer to Financial Markets (Fall, Spring) Corporate finance, statistics with a calculus prerequisite, microeconomics, macroeconomics.  Math or Computer Science minor (or major) including: CS 111, CS 211, CS 212, CS 220, CS 313, CS 331. 
  Math or Computer Science minor (or major) including: CS 111, CS 211, CS 212, CS 220, CS 313, CS 331. Econometrics and either money and banking or investment analysis. RM 706 Risk Transfer to Insurance Markets (Fall, Spring, Summer)
BUS 387 or RM 711 Applied Financial Analysis BUS 387 or RM 711 Applied Financial Analysis RM 702 Accounting for Risk Management (Fall)
     

 Program Electives

Students who have deemed by the program director to have covered sufficient material in their undergraduate program to be exempt from one or more of their required courses should substitute courses from one of the other concentrations or may choose from the additional electives listed below:

ACC 707 Contemporary Issues in Management Accounting (Fall, Spring)
ACC 748 Advanced Accounting Information Systems (Fall, Spring)
ACC 752 Business Law (Fall, Spring)
CSCI 780 Special Topics in Computer Science
MATH 621 Probability (Fall) 
Prerequisite Math 201, Calculus, or equivalent and an introductory course in probability.

MATH 622 Operations Research 
Prerequisite Math 241, Introduction to Probability and Mathematical Statistics, or equivalent.

MATH 633 Statistical Inference (Spring) 
Prerequisite Math 201, Calculus or equivalent and Math 611, Introduction to Mathematical Probability, or 621, Probability, or an undergraduate probability course which includes mathematical derivations.

MATH 635 Stochastic Processes (Fall) 
Prerequisite Math 611, Introduction to Mathematical Probability, or 621, Probability

MATH 650.3 Topics in Mathematical Finance (Spring)
RM 712 Macroeconomic Risk Management and Corporate Strategy
RM 792 Special Topics in Risk Management

Note: Electives not on the list may be substituted with permission of the program director.

 

 Office Information

 
Powdermaker Hall
Room 331
(718) 997-5507 
elvira.casper@qc.cuny.edu


Professor Diane Coogan is available by appointment.  Please contact Elvira Casper (elvira.casper@qc.cuny.edu) to set up an appointment.

Office Hours:
Tuesday 2:00pm-3:00pm 
Thursday By Appointment

 
 
     



Queens College, CUNY| 65-30 Kissena Blvd.| Queens, NY 11367-1597| Phone: (718) 997-5000 Copyright © 2004-
Queens College is CUNY