Program Overview

Master's in Financial Risk Management, MS

Roosevelt’s specialized graduate program in Financial Risk Management is designed to equip you with the knowledge and practical skills necessary to identify, assess and mitigate financial risks in complex global markets. The program combines quantitative analysis, financial theory and real-world risk management applications to prepare students for high-level careers in banking, asset management, consulting and corporate finance, as well as for professional certifications such as the Financial Risk Manager (FRM) designation.

Admission Requirements

• Location: Online-Hybrid & Face-to-face in Schaumburg
• Start Term: Fall, Spring
• Application can be completed entirely online.
• Bachelor’s degree (achieved with a GPA of 2.75 or above) with official or unofficial transcripts from all previously attended colleges and universities in the United States.
• Applicants should demonstrate foundational skills in mathematics and statistics through prior coursework or relevant experience. Our courses require prerequisites such as an understanding of undergraduate-level calculus.
• $40 Application Fee.

Program Curriculum

• Sample Financial Risk Management Courses:
  • Risk Management
  • Finance for Decision Makers
  • Capital Markets and Financial Institutions
• View the course catalog for MS in Financial Risk Management.

Career Outlook

• Financial Risk Manager
• Data Scientists analyzing financial risk

Why Roosevelt for your Master's

Begin a path to certification

The program’s curriculum is aligned with the Body of Knowledge for the Financial Risk Manager (FRM) Exam Part 1, a globally recognized credential offered by the Global Association of Risk Professionals (GARP). This alignment ensures that graduates are well-prepared to pursue the FRM certification, which is highly valued by employers in the financial and risk management industries worldwide.

Receive personal attention

At Heller College of Business, you won’t be just a number. Small class sizes enable personalized attention and allow you to build relationships with faculty and classmates.

Join the National Laker Network

Program graduates will join a global network of nearly 100,000 professionals across all business sectors. As a student, you will have access to our career services team and faculty to strengthen your professional network and sharpen your resume for new opportunities.

Meet Your Faculty

• Sungwon Ahn: Associate Professor of Actuarial Sciences
• Rifat Gorener: Associate Dean, Heller College of Business
• Tanweer Hasan: Rolf A. Weil Prof. of Finance
• Wanwan Huang: Asoc Prof Math & Actuarial Sci
• Meng Li: Professor of Finance and Accounting
• Asghar Sabbaghi: Prof Finance/Info Systems
• Melanie Pivarski: Asoc Prof Mathematics

Explore More Programs

From biology to bassoon, psychology to pharmacy, reading to real estate, Roosevelt has a program for you. Explore our comprehensive academic choices, outstanding faculty and nearly limitless degree program options.