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Risk Management - 8418
Australian School of Business
Program Description
Program Objectives
Program Structure
Academic Rules
Fees
Further information
Area(s) of Specialisation

Program Summary

 
Faculty: Australian School of Business
 
 
Contact:  Australian School of Business Student Centre
 
 
Campus: Kensington Campus
 
 
Career: Postgraduate
 
 
Typical Duration: 1 Years
 
 
Typical UOC Per Semester: 24
 
 
Min UOC Per Semester: 6
 
 
Max UOC Per Semester: 24
 
 
Min UOC For Award: 48
 
 
Award(s):
 
 
Master of Risk Management (Specialisation)
 
 

Program Description

Need information on our business programs? Start your search at the Australian School of Business website.

The Master of Risk Management (MRM) is an integrated program providing up-to-date knowledge and skills in the management of a broad spectrum of risks that organisations are confronted with in the context of the fast changing, increasingly global business environment. The program helps students develop a broad perspective on risks and their management. It aims to extend students’ knowledge on the use of risk analysis and decision tools and their applications in practice across a range of fields. Learning about risks, pointing to limitations of current risk models and challenging students to think of novel approaches to manage risks in complex systems are key aspects of the degree.

The program has three areas of specialisation Quantitative Financial Risk, Business Operations, and Policy and Compliance, reflecting the different skill sets and background of graduates who wish to follow a career path as a risk professional.

Who is this program for?

The Master of Risk Management prepares graduates, early and mid-career business and non-business professionals for the emerging role of Risk Manager in a broad spectrum of organizations.
Entry Requirements

Category A - Applicants with no professional experience:
  • A recognised undergraduate degree (or equivalent qualification) with a credit average overall as determined by the Australian School of Business.

Category B - Applicants with extensive professional experience:
  • A recognised undergraduate degree (or equivalent qualification) with a credit average overall as determined by the Australian School of Business
  • A minimum of three years of full-time relevant professional experience, after completion of the degree, as determined by the Australian School of Business.

For both categories of entry, the required academic qualifications are:
  • MRM (Quantitative Risk): an undegraduate degree or equivalent with a credit average overall as determined by the Australian School of Business, majoring in either Quantitative Finance, and/or Actuarial Studies, or Mathematics/Statistics;
  • MRM (Business Operations): a business or commerce or economics undergraduate degree or equivalent with a credit average overall as determined by the Australian School of Business;
  • MRM (Policy and Compliance): anyrecognised undergraduate degree or equivalent with a credit average overall as determined by the Australian School of Business.

Program Objectives and Graduate Attributes

  • Students gain a broad understanding of risk management principles rather than a ‘one-size-fits-all’ model.
  • The choice of specialisations enables students to choose elective courses according to their interest or career requirements.
  • Courses are integrated in an organisational context, thus ensuring content is current and industry relevant.
  • The program encourages students to challenge traditional decision models in risk management.

Program Structure

The Master of Risk Management consists of eight courses (5 required courses + 3 elective courses from 3 specialisations).
The three specialisations within the program are:
  • Quantitative risk
  • Business operations
  • Policy and compliance

Core courses
Students gain a broad understanding of risk management through the five core courses, which cover fundamentals of risk principles and risk management frameworks, as well as risk identification, analysis and decision tools in a range of applications. A unique characteristic of these courses is their integration in an organisational context.
PLUS three elective* courses from the relevant specialisations list (18 UOC)
*Electives can also be selected from other specialisations with the approval of the Program Director.

Academic Rules

Please refer to Program Structure for the Academic requirements relating to this program.
Transfer of credit will only be considered for students with prior incomplete postgraduate studies.

Fees

For information regarding fees for UNSW programs, please refer to the following website:  https://my.unsw.edu.au/student/fees/FeesMainPage.html

Further information

Please note that these requirements may be subject to change.
Students are advised to follow requirements according to the year they commenced. Please refer to previous editions of the Online Handbook for your program requirements.

Contact the Australian School of Business Student Centre for advice.
tel: + 61 2 9385 3189
location: Ground Floor, West Wing, Australian School of Business Building
Forms, policies and procedures
Frequently asked questions

Area(s) of Specialisation

URL for this page:

© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.