Organizations need to have a thorough understanding of business risk to optimize return on investment. Risk management professionals are critical to researching, analyzing, and managing the risk management process. Through foundational work on frameworks and modeling combined with real-world projects, the 30-credit master's in Enterprise Risk Management (ERM) at the Katz School puts students on the track for management positions in a variety of industries.

The ERM degree is aligned with industry-recognized certifications and addresses key professional competencies, including enterprise risk management, financial sector analysis, statistics, and analytics.
International Students may be eligible for Optional Practical Training (OPT), allowing you to work in the United States for up to 36 months.

Maximize Your Impact

  • Take courses on- campus in New York City or 100% online on a flexible schedule with our full-time 16-month program or our 24-month part-time program.

  • Be prepared to manage both financial and hazard risks, as well as strategic and operational risks.

  • Learn about managing risk in healthcare, tech, transportation, government, credit, security, IT, law, and more.

  • Earn your degree from a top 100 University according to U.S. News and World Report.

Featured Courses

In our project-based curriculum, you will analyze real-world scenarios using various risk management methodologies and learn to create risk response strategies. Our students apply ERM frameworks to assessment techniques and software to study various types of risk and management processes.

  • Financial Risk Modeling

This course brings together the model-oriented and economists' approaches to the risk management discipline. Quantitative analysis and economics are used to convey a common approach to risk management. Students will build an understanding of how global financial markets work so that they can apply risk management techniques effectively. The course will also provide an institutional, historical, and international context for risk management issues and will include data from a variety of public- and private-sector sources.

  • Cybersecurity and Cyber Terrorism

This fundamentals course will introduce students to the principles of data and technology that frame and define cybersecurity. Students will gain insight into the importance of cybersecurity and the integral role of cybersecurity professionals. Students will explore foundational cybersecurity principles, security architecture, risk management, attacks, incidents, and emerging IT and IS technologies.

Who Should Apply?

Our MS in Enterprise Risk Management (ERM) is designed for early to mid-career risk professionals seeking an in-depth, comprehensive grounding in the assessment and management of strategic risks.

The program is also suitable for professionals working in related fields, such as accounting, auditing, insurance, business analysts, and strategic and IT systems planning, who want to pursue careers in enterprise risk management. Those without work experience but with academic backgrounds in these fields are also welcome to apply.

Careers in the Field

Graduates of the program will be prepared for careers such as

  • Enterprise Risk Manager,
  • Risk Analyst,
  • Internal Audit Manager,
  • Compliance Director,
  • Enterprise Risk Consultant,

and more.


This 30-credit master's program can be completed in 16 months full-time or 24 months part-time. Students are required to complete a capstone project.

International Students may be eligible for Optional Practical Training (OPT) after graduation, allowing you to work in the United States for up to 36 months.

Core Requirements (24 Credits)



Business Continuity Planning and Disaster Recovery


Business Management Fundamentals


Enterprise Risk Planning and Compliance


Financial Risk Modeling


Fundamentals of Global Enterprise Risk Management


Project Management


Quantitative and Qualitative Decision-Making




Certification Prep. for Certified Risk Management Professional (CRMP)


Electives (6 Credits)



Cybersecurity and Cyber Terrorism


Emergency Management and Crisis Communications


Insurance Risk Management


Operational Risk Management


Special Topics


*With the permission of the Program Director, this course may be substituted for the course Business Continuity Planning and Disaster Recovery.

Industry-Recognized Certifications

The curriculum is aligned with industry certifications from leading risk management professional organizations, and addresses the following core professional competencies:

  • Enterprise Risk Management: Risk analysis, control, forecasting, management of risk information systems and technologies; legal frameworks, compliance, and audit; security and safety requirements.
  • Financial Sector: Knowledge of accounting, economics, finance, insurance, and statistical analysis.
  • Statistics and Analytics: Working understanding of data collection, description, modeling, probability, hypothesis testing, regression, time series analysis, decision analysis, trend analysis, and forecasting.
  • Management: Planning, organizing, leading and evaluating; strategy, operations, and project management.


Faculty in the enterprise risk management program are active in consulting and hold leadership positions in Fortune 100 companies, government, and major non-profit organizations. Many are also research-active and work on issues spanning the full spectrum of risk management from the strategic to the operational.

Our faculty publish work in prestigious international journals such as Risk and Insurance Magazine, Disaster Recovery Journal, Continuity Insights Magazine, and Governance Journal. They also participate in study groups and co-organize conferences including the Institute of Risk Management, Risk Insurance Management Society, and the Strategic Risk Council of the Conference Board of Canada.


Successful candidates to the MS in Enterprise Risk Management must submit the online application in addition to the following:

  • Current résumé;
  • Official undergraduate transcripts. Unofficial transcripts may be submitted through the online application for initial review to start the admission process;
  • Bachelor’s degree from an accredited college or university;
  • Individual interview with program faculty;
  • An online test covering college-level math, English skills, and critical thinking skills*;
  • Demonstrated commitment to contribute to and complete the ERM program.
Program taught in:
  • English

See 4 more programs offered by Yeshiva University »

This course is Online, Campus based
Start Date
Sep 2019
16 - 24 months
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Start Date
Sep 2019
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The Katz School Overview