The MS in Financial Risk Management is designed to provide a “Real World Approach to Risk Management Theory.” This is accomplished in multiple ways, including its use of practicing risk management executives in the classroom, and its many events with professional organizations outside the classroom.
Perhaps the most important way the Program delivers on the “Real World Approach to Risk Management Theory” is via its Experiential Learning Requirement. Though there is a wide range of options that can be chosen by the student, they all deliver the real world experience that this requirement demands.
The importance of this real world experience, and the options for meeting it, is in its providing students with the following:
- A tangible link between their academic learning and the application of this learning in the business world.
- Exposure to real risk management situations and challenges that company executives and corporations encounter.
- Face-to-face, personal dealings with practitioners in the field of risk management, through which classroom learning is enhanced and augmented.
- An opportunity for students to augment and/or apply their risk management knowledge, their critical thinking and ideally their skills of persuasion. All options must include the application of techniques of risk management, as well as exposure to risk management theory as practiced outside the classroom.
As stated above, there is a wide range of options to fulfill this Experiential Learning Requirement. It is up to the student, with appropriate guidance from faculty and staff, to propose to Program Staff how this this requirement will be met, to obtain Program Staff approval, and to insure that it is completed during the third, fourth or fifth semester of the Program.
These options are:
- Financial Risk Competitions as approved by the Finance Department Head.
- Group Student Project: participation in a company-sponsored risk management project that has been approved by the Program Staff. Submission of a final report to the Program Staff is required, and it must be approved by the Program Director or his designate.
- Individual Student Project: similar to the Group Student Project, but without project co-workers, this company-sponsored project requires a proposal to be submitted to the Program Staff for approval prior to project work starting, and then a final report that must be approved by the Program Staff.
- Internship either a full-time or a part-time, paid or unpaid internship with a Program Staff-approved company or organization. This requires a completed application that indicates risk management-related responsibilities/tasks, and that must be approved by Program Staff. NOTE: international students will need practical training authorization, and must contact UConn Immigration Services in Storrs for further information. International students should also note that:
- practical training authorization takes time to obtain, so if you have an internship lined up you must contact MSFRM staff and then UConn Immigration Services ASAP.
- an internship cannot begin before the end of the Spring semester. However, the end date of the internship is flexible; since you may not be able to have a second internship you should be sure that the end date you list for the authorization is correct and is not before the internship might end.