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Monash University

Master of Risk Management

Course code: 3153 ~ Course abbreviation: MRiskMgt ~ Total credit points required: 72 ~ 1.5 years full-time, 3 years part-time ~ Managing faculty: Business and Economics

Study mode and course location

On-campus (Caulfield)

    Course description

This masters program recognises the fundamental importance of the management of risk in today's commercial world and seeks to provide graduates with extended skills in core areas. The course will prepare students for the increasingly complex risk management issues that they will face when employed in many areas of business and in government agencies. It also provides education in the area of the management of risk and related topics appropriate for practitioners seeking to meet professional education requirements or to update their knowledge in specific risk management areas. It is also suitable for people working in other business, financial planning or investment areas who regularly deal with risk management issues.

Course objectives

The learning goals associated with this course are to: satisfy the educational requirements for membership of the Risk Management Institution of Australasia Limited; develop the ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to real world business cases and problems; develop the ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations; develop the ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds; develop knowledge of the risk management profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

    Course structure

Course requirements

(a) Students must complete eight core units (48 points):

  • AFF5011 Issues in risk management
  • AFF5021 Case studies in risk management
  • AFF5031 Principles of risk transfer
  • AFF9020 Introduction to risk principles
  • AFF9770 Risk financing and treasury management
  • BTX5031 Insurance law
  • BTX9760 Risk control and the law
  • ETX9520 Quantitative methods for risk analysis

(b) students must complete four elective units (24 points) from 9000-level or 5000-level units subject to the following conditions:

  • a maximum of four elective units (24 points) may be taken from other faculties

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

    Professional recognition

Details of educational requirements for professional recognition can be found under the Professional Recognition entry in the Faculty of Business and Economics section of the Postgraduate Handbook.

    Contact details

Department of Accounting and Finance: telephone +61 3 9903 2359

Course coordinator

Mr Michael Vincent