Master of Science Degrees

Master’s in Financial Risk Management

The Master of Science in Financial Risk Management gives you a comprehensive, foundational knowledge of current risk management issues, methodologies, and challenges that position you for successful career in risk management at a variety of financial institutions.

With an MS in Financial Risk Management, you will gain an in-depth look at the core areas of risk management, including interest rates, markets, credits, foreign exchanges, and more. You will also develop a strong understanding of derivatives, and learn how to use analytical and quantitative models and methodologies in risk management. The cumulation of your knowledge can be applied to current issues and developing challenges in the field of risk management.


The BBA and Master of Science Programs in Finance and in Financial Risk Management at the Zicklin School of Business at Baruch College are part of the CFA Institute University Affiliation Program. 

This status is granted to institutions whose degree programs incorporate at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams. 

The CFA Institute aims to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. Its Chartered Financial Analyst designation is among the most prestigious in the finance world. 


Program Highlights

  • 30 – 39 credits
  • Standard completion time: 3 semesters
  • Prepares students for professional certification exams in financial risk management

Designed with Your Goals in Mind

The elective options offered within the MS in Financial Risk Management help you customize your study to meet your career goals — whether you’re looking to begin your career in risk management, or are a more seasoned professional looking to take your career to the next level. You will gain a solid foundation in all areas of financial risk management and deepen your expertise with courses that address current risk management tools, methodologies, and techniques

Professional Certifications

The program prepares you to sit for the professional certification tests of the leading professional financial risk management associations, including:

  • Financial Risk Manager (FRM) certification of the Global Association of Risk Professionals (GARP)
  • Professional Risk Manager (PRM) certification of the Professional Risk Managers International Association (PRMIA)

Note: MS in Financial Risk Management is not a prep program for the above certification exams. While certain courses in the program cover the main knowledge areas covered by these certification exams, they also cover other topics not required for these exams while not covering certain topics that are required for these exams.

Visa Extension for STEM International Students

The MS in FRM conforms to the U.S. Department of Homeland Security’s STEM (Science, Technology, Engineering, Math) program that qualifies eligible international graduates on student visas for an optional practical training extension of 24-months. Find out more here.


This curriculum is effective for students entering in Fall 2022. Students who entered in a prior semester should review the Graduate Bulletin or contact a program advisor to confirm their degree requirements.

Preliminary Courses and Waivers
Required Courses
Elective Courses

Office of Graduate Admissions

Visitors: 151 E. 25th St. Room 820 (between Lexington and 3rd Avenues)
Mail: One Bernard Baruch Way, Box H-820, New York, NY 10010
Phone: (646) 312-1300
Fax: (646) 312-1301
Website: Zicklin Graduate Admissions