| Program start date | Application deadline |
| 2025-09-01 | - |
| 2026-03-01 | - |
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.
Roosevelt University: A Summarization
Overview:
Roosevelt University is a private institution located in Chicago, Illinois, known for its affordability and commitment to social justice. It offers a diverse range of academic programs, a vibrant campus life, and a strong focus on student support.
Services Offered:
Roosevelt University provides a comprehensive range of services to its students, including:
Academic Advising:
Guidance on course selection, degree planning, and academic success.Career Services:
Assistance with career exploration, job searching, and professional development.Financial Aid:
Various scholarships, grants, and loan options to support students financially.Student Support Services:
Resources for academic support, health and wellness, and personal development.Campus Life:
Opportunities for student involvement through clubs, organizations, and events.Athletics:
NCAA Division II athletic programs and clubs for students to participate in.Student Life and Campus Experience:
Roosevelt University offers a dynamic campus experience with a strong sense of community. Students can expect:
Vibrant Campus Culture:
A diverse and inclusive environment with opportunities for social interaction and engagement.Chicago as a Campus:
Access to the city's cultural attractions, museums, and professional opportunities.Student Organizations:
A wide variety of clubs and organizations catering to diverse interests.Athletics:
Opportunities to participate in NCAA Division II sports or cheer for the Roosevelt Lakers.Key Reasons to Study There:
Affordability:
Roosevelt University is considered one of the top affordable private colleges in the Midwest.Social Justice Focus:
The university emphasizes social responsibility and prepares students to be active citizens.Diverse and Inclusive Environment:
A welcoming and supportive community for students from all backgrounds.Strong Student Support:
Comprehensive services to help students succeed academically and personally.Chicago Location:
Access to the city's resources, opportunities, and cultural experiences.Academic Programs:
Roosevelt University offers a wide range of academic programs, including:
