The Master of Science in Business Analytics and Risk Management (BARM) full-time program equips students to improve decision-making processes based on a rigorous treatment of data and information. Students gain knowledge on different types of analytics methodologies and tools used to acquire and analyze data, derive insights from the data, and effectively communicate the results for better decision-making in a volatile business environment. Business Analytics and Risk Management program develops managers and leaders with the knowledge and skills to anticipate and manage risks while leveraging unique opportunities in chaotic environments.
The program also addresses leading and managing organizations during dramatic change or crisis.
A Master of Science in Business Analytics and Risk Management provides graduates with the tools and knowledge to:
- Convert raw data into useful information
- Present that information in compelling ways
- Use information to understand complex decision settings
- Create rigorous approaches to problem solving
- Construct persuasive arguments based on careful analysis
- Use information to diagnose problems
- Use analysis to prescribe approaches to improve performance
- Develop ways to predict future performance
- Improve decision making at all levels
- Add value to any organization in need of more analytical expertise
- Develop a thorough understanding of risk
- Protect shareholder value by managing the downside of risk
Program Requirements
The program requires 36 credits. Part-time students must complete the program within six years.
Curriculum
The curriculum for the Master of Science in Business Analytics and Risk Management program includes the following courses. Course sequence and availability of specific electives may vary. Students must consult with an academic advisor to ensure that they take courses in the approved sequence. All courses are 2 credits.
| Code | Title | Credits |
|---|---|---|
| Business Foundations | ||
| BU.120.601 | Business Communication | 2 |
| BU.131.601 | Business Leadership and Human Values | 2 |
| BU.510.601 | Statistical Analysis | 2 |
| Functional Core | ||
| BU.520.601 | Business Analytics | 2 |
| BU.510.650 | Data Analytics | 2 |
| BU.520.650 | Data Visualization | 2 |
| BU.680.620 | Operations Management | 2 |
| Elective Courses | 16 | |
| AI Essentials for Business | ||
| Continuous Time Finance | ||
| Corporate Governance | ||
| Crisis Management | ||
| Customer Analytics | ||
| Cybersecurity | ||
| Data Science and Business Intelligence | ||
| Database Management | ||
| Generative AI | ||
| Enterprise Risk Management Frameworks | ||
| Financial Crises and Contagion | ||
| Investments | ||
| Large Scale Computing on the Cloud | ||
| Managing Complex Projects | ||
| Managing Financial Risk | ||
| Pricing and Insuring Risk | ||
| Retail Analytics | ||
| Simulation for Business Applications | ||
| Supply Chain Analytics | ||
| Sustainable Supply Chains | ||
| Health Analytics | ||
Carey Elective - Carey Elective - Students may fulfill ONE general elective with a Carey course for which they meet the prerequisites and enrollment criteria. | ||
| Total Credits | 30 | |