Master of Science in Enterprise Risk Management
Offered on campus and online, the Master of Science in Enterprise Risk Management (MSERM) at Boston University’s Metropolitan College provides the tools and concepts necessary to plan for, prevent, and—when needed—successfully respond to disruptions in business operations. The Enterprise Risk Management graduate program integrates cutting-edge intellectual content from the academic world with sophisticated management practices of leading global corporations.
The imperative of the 21st-century business environment, Enterprise Risk Management is a holistic management construct for identifying potential threats, risks, and vulnerabilities in an organization and its business enterprise. It concerns ongoing, never-ending strategies to evaluate and mitigate potential disruptions, and encompasses resiliency planning, prevention, crisis management, business continuity management, and technology recovery. As such, the ability to contribute to enterprise risk planning and execution is an important skill for many business leaders.
The primary objective of the Enterprise Risk Management master’s program is to develop sophisticated professionals who can take on enterprise risk challenges in today’s turbulent business world, enhancing business value by providing analytical and technological solutions that mitigate risk across entire business enterprises.
Students who complete the master’s degree in Enterprise Risk Management will be able to demonstrate:
- Proficiency in designing and evaluating exposures and the available response options, and developing appropriate plans for widely used enterprise risk management, business continuity planning, and disaster recovery frameworks and processes.
- Skills in the use of quantitative and qualitative data to estimate the likelihood and severity of individual exposures.
- The skills and abilities necessary to undertake management and leadership roles in the profession of enterprise continuity, with an appreciation of the broad issues of continuity, security, and risk management.
- A broad understanding of the different aspects of business continuity as it impacts the continued operations of the firm, from supply-chain management through higher-level strategy development involving markets and industry sustainability.
MS in Enterprise Risk Management Program Option
Available on campus and in the following format:
MET prioritizes the review and admission of applications submitted earlier in the rolling admission process. You are encouraged to submit your application as soon as possible and no later than the priority application deadlines for each term.
Applicants must have an earned bachelor’s degree, in any field of study, from a regionally accredited college/university (or the international equivalent) prior to enrollment at Metropolitan College. The following materials are required for a complete application:
- Completed Application for Graduate Admission and application fee
- All college transcripts
- Personal statement
- Three letters of recommendation
- Official English proficiency exam results (International students)
Transfer of Credits
A maximum of two graduate-level courses (8 credits), completed with a grade of B+ or better and not used toward another degree, may be transferred from an accredited university with approval from the Administrative Sciences department. The courses must have been completed no more than two years prior to matriculation. To request transfer of credits, students must fill out a transfer of credit form and attach all pertinent information.
Part-time students who hold a bachelor’s degree, but have not yet applied as degree candidates, may enroll in a maximum of two courses on a space-available basis. Before registering in any of our graduate courses (600 level or higher) you will need to provide the department with an undergraduate transcript confirming your degree from an accredited university. Please note that only two courses taken prior to acceptance into the program will be counted toward the degree.
Students accepted into the program who have already earned the Graduate Certificate in Enterprise Risk Management at MET have satisfied the specialization requirements of the MSERM and need only complete the Degree Core Courses and two electives to earn the master’s degree.
No grade lower than B– may be applied toward degree, certificate, or diploma requirements. Students with less than a 3.0 cumulative GPA will be placed on academic probation. Students on academic probation must make satisfactory progress toward achieving a minimum of 3.0 by the following semester, and must be in a position to graduate with a 3.0 or better within the remaining program courses. While grades of B or B– are normally considered passing, these grades will not assist in raising an unsatisfactory GPA to a satisfactory level. Therefore, students must obtain a minimum grade of B+ during a probation period.
Students who, in the determination of the department and based on past academic performance, are not in a position to raise their GPA to the necessary level to graduate within the remaining courses will be dismissed from the program. Students who have not removed themselves from academic probation after one semester for full-time status (three semesters for part-time status) will be dismissed from the program.
International students studying on campus are required to demonstrate proficiency in written and oral English skills, and must complete the following course unless waived by the department:
MET AD 501 Business Communication for International Students
Techniques for effective written and verbal communications. This course is a special offering for students for whom English is a second language. Prerequisite course: credits can not be used toward the MSAS degree. [ 4 cr. ]
Prerequisites cannot be applied toward degree requirements. Students are expected to satisfy the program prerequisites in their first semester.
A total of 40 credits is required.
All students must satisfy the degree core courses, specialization requirements, and electives as indicated. Waived courses from the core or specialization areas must be replaced by an elective course in order to meet the 40-credit-hour requirement.
Degree Core Courses
(Four courses/16 credits)
MET AD 632 Financial Concepts
Introduction to the concepts, methods and problems of accounting and financial analysis. Includes accounting principles, measurement and disclosure issues, financial statement analysis, time value of money, cash flow projection and analysis, capital budgeting and project evaluation, bond and equity valuation, cost of capital and capital structure. 4 cr. [ 4 cr. ]Fall 2020
|A1||IND||Staff||SHA 210||M||6:00 pm – 8:45 pm|
|A2||IND||Staff||KCB 104||T||12:30 pm – 3:15 pm|
|A3||IND||Mcgue||CAS 233||T||6:00 pm – 8:45 pm|
|A4||IND||Staff||CAS 216||W||6:00 pm – 8:45 pm|
|A5||IND||Staff||MCS B31||R||12:30 pm – 3:15 pm|
|A6||IND||Staff||SHA 210||R||6:00 pm – 8:45 pm|
|A7||IND||Staff||PHO 205||F||11:15 am – 2:00 pm|
MET AD 642 Project Management
The course explores modern project management by providing an enterprise-level, experiential view of the discipline focused on connecting projects to the organization's mission, vision, and values. The theme of the course is applying key project management tools and techniques, through case-based group work. Groups select, plan, report, and then present on their project's scope, schedule, cost, risk, quality, and communications elements using tools such as the WBS, network diagram, PERT estimate, Gantt chart (including the use of MS Project), risk register, and heat map. Students also gain familiarity with important new concepts in project management: Agile frameworks, sustainability thinking, and Benefits Realization Management, all of which will be important for their success not only in other graduate courses, but as they lead projects for their organizations. The course is aligned with the latest PMBOK? Guide from the Project Management Institute. [ 4 cr. ]Fall 2020
|A1||IND||Greiman||CAS 426||M||2:30 pm – 5:15 pm|
|A2||IND||Cipriano||KCB 107||T||6:00 pm – 8:45 pm|
|A3||IND||Greiman||CAS 315||W||2:30 pm – 5:15 pm|
|A4||IND||Staff||MCS B29||R||12:30 pm – 3:15 pm|
|A5||IND||Maltzman||CAS 233||R||6:00 pm – 8:45 pm|
|A6||IND||Maltzman||EPC 208||F||11:15 am – 2:00 pm|
MET AD 715 Quantitative and Qualitative Decision-Making
Explores decision making and policy formulation in organizations. Includes goal setting and the planning process, rational models of decision making, evaluation of alternatives, prediction of outcomes, cost-benefit analysis, decision trees, uncertainty and risk assessment, and procedures for evaluation of outcomes. [ 4 cr. ]Fall 2020
|A1||IND||Staff||MCS B31||T||12:30 pm – 3:15 pm|
|A2||IND||Staff||CAS 326||T||6:00 pm – 8:45 pm|
|A3||IND||Staff||CAS 237||W||2:30 pm – 5:15 pm|
|A4||IND||Staff||KCB 106||W||6:00 pm – 8:45 pm|
|A5||IND||Staff||KCB 107||R||12:30 pm – 3:15 pm|
|A6||IND||Staff||CAS 213||R||6:00 pm – 8:45 pm|
MET AD 741 The Innovation Process: Developing New Products and Services
Addresses the specifics of new product and service development and fostering innovation and technology to increase performance. Topics include generating and screening initial ideas; assessing user needs and interests; forecasting results; launching, and improving products and programs; bringing innovation to commercial reality. [ 4 cr. ]Fall 2020
|A1||IND||Park||CAS 426||T||12:30 pm – 3:15 pm|
|A2||IND||Staff||CAS 326||R||6:00 pm – 8:45 pm|
(Four courses/16 credits)
MET AD 610 Enterprise Risk Management
This overview course examines the management issues involved with assessing the security and risk environments in both the private and public sectors in order to assure continuous system-wide operations. The course studies the elements of operational and technological risk assessment and operational continuity using a project management framework and quantitative risk metrics. Students are exposed to the role of the firm in crisis response and management as well as the terms, systems, and interactions necessary to assure continuous operations. Topics include: the role and need for comprehensive assurance strategy and planning; information security; an overview of the system-wide structure; the social and emotional impact on the workforce as well as its effect on productivity; and the organizational infrastructure relating to national, regional, and international compliance. [ 4 cr. ]
|A1||IND||Carroll||CAS 326||W||6:00 pm – 8:45 pm|
MET AD 617 Business Continuity Management
The course presents, assesses, and discusses the contemporary theories, methods and practices related to business continuity (BC), business continuity management (BCM) and resiliency planning. The course incorporates the underpinnings of enterprise-wide risk management (ERM); however, it is designed to focus on broad-based threats, vulnerabilities, unexpected events, emergencies, and crises that may impacts organizations and their leaders and professionals. The course focuses on the design, development and applications of resilience, emergency planning, crisis management, BC, and disaster recovery used by organizations in the private sector. It presents a comprehensive, cutting-edge technologies pertaining BCM in complex organizations and challenging environments. Technological innovations are used to involve a complex array of high-level developments that result in transitions and transformations of businesses. Finally, the environmental considerations center on connections between business and the natural law. [ 4 cr. ]
|A1||IND||Rainey||CAS 237||R||6:00 pm – 8:45 pm|
And two of the following:
MET AD 613 Enterprise Risk Planning and Compliance
Prereq: MET AD610
Students are exposed to the important issues relating to corporate and organizational security and risk from both the perspective of systems designed to protect against disasters and aspects of emergency preparedness should systems fail. Engineering science is applied to security areas that include information technology, terrorism, and other organization disruptions. Students study proactive risk assessment through analytical risk analysis techniques and simulations. Students will be able to design a company or agency global assurance plan, organize the strategy to make the plan operational, and implement control measures to assess the plan's degree of success. The course also provides explanations of legal/regulatory, auditing, and industry- specific requirements related to compliance, control, and reporting issue sin business risk management. The role of establishing and maintaining standards by local, national, and international agencies is discussed, as is the importance of these agencies in certifying operations. [ 4 cr. ]
MET AD 614 Disaster Management
This course takes concepts covered in MET AD610 and MET AD613 and applies them in more detail mainly to the corporate-private sector environment. During this course, we will first review the organization and processes necessary to effectively respond to and manage incidents, including the transition from emergency response and incident management to business recovery. The course will focus on disaster recovery, an absolutely essential but sometimes overlooked component of any successful corporate recovery program. Here, the emphasis is on technology recovery. This includes reviewing the key components of the IT infrastructure; how these components are accounted for in the response and recovery processes; and some best practices in technology recovery modelling. Several emerging technologies relative to cloud computing, information security, etc., are also examined. Prereq: MET AD617 [ 4 cr. ]
MET AD 805 Capstone Project in Enterprise Risk Management
A directed study course consisting of an applied research project that concerns a special topic of interest to an Enterprise Risk Management (ERM) student. The course is especially designed for working professionals who have special ERM- related interests that are not covered in existing courses. The project generally culminates with a written paper and oral presentation. Research is conducted under intensive faculty supervision. Requires department approval and project supervisor from full-time or part-time faculty. [ 4 cr. ]
(Two courses/8 credits)
Select two additional Administrative Sciences graduate-level courses (8 credits) with advisor’s approval. Graduate-level courses may also be selected from other Metropolitan College departments or other Boston University schools and colleges, with an advisor’s approval.
Second Master's Degree Option
In appreciation of the converging nature of management skills and technology, the Administrative Sciences department collaborates with Metropolitan College’s departments of Actuarial Science and Computer Science. Degree candidates in either program may apply 8 credits from one degree toward a second degree in one of these disciplines, thereby reducing their work by two courses.
Interested students apply for a second master’s degree after enrollment at MET. Students who apply for a second master’s degree are eligible for an application fee waiver, and may also request that application materials (including references and transcripts) be forwarded from the first application to the second. Upon acceptance to the second master’s degree, credit transfer may be applied for up to 8 credits.
View all Administrative Sciences graduate courses.