Graduate Certificate in Financial Risk Management (FRM)

Propel your career within a specialized area of finance. Prepare for success in the lucrative field of financial risk management.

Albaraa Alyamani

UConn's Graduate Certificate in Financial Risk Management (FRM) is an intensive, 12-credit program offered full-time or part-time. Courses in FRM are held in-person in Stamford, Connecticut, presented in a comprehensive program that equips you with the understanding of how to identify and manage various types of risk. In just two semesters, accelerate your career as a working professional, career changer, or recent graduate: explore a variety of topics within the FRM field, learn from acclaimed faculty, validate and enhance your skills, and apply contemporary strategies to navigate complex financial settings.

FRM Certificate at a Glance


Complete the certifcate program in-person:

UConn Stamford Campus
1 University Place
Stamford, Connecticut 06901


Four courses (12 credits)



Course Fees

2023-2024: $1,500/credit

Required Courses

Students must complete 12 credits of required coursework. This four-course, STEM curriculum covers:

 Extensive training in mathematical and statistical modeling and analysis, using current risk management software and market information systems, including @RISK, Bloomberg, Excel VBA, FinCad, and others.
 Developing a solid understanding of modern credit risk methodologies and their implementation.
 Gaining direct experience with real world risk management problems
 Studying current trends and developments in market structure, and their implications for financial risk management practice.
Core Classes (Required)

FNCE 5313 – Introduction to Econometric Analysis for Risk Managers

The mathematical foundation for modeling financial risk as well as key concepts in algebra, statistics, calculus, time series and econometrics principles with applications to modeling risk management as a dynamic process over time.

FNCE 5341 – Risk Management in Credit Markets

Pricing, measurement, and management of credit risk; credit risk modeling; use of credit derivatives to manage and control credit risk; building and managing portfolios, including long/short, and market neutral strategies; measurement of credit risk, including Actuarial, Merton, and Copula function; and portfolio construction, performance evaluation, asset allocation, and portfolio risk management (VAR, Hedging, Portfolio insurance).

FNCE 5322 – Risk Management in Equity Markets

Strategies for security selection and asset allocation and evidence on returns and volatility, equity price behavior and asset pricing models, portfolio performance evaluation methods, valuation models, equity risk measurement and optimal allocation of funds. Students will learn pricing of equity derivatives and their applications in risk management of equity-linked products and strategies.

FNCE 5332 – Risk Management in Fixed Income Markets

Bond fundamentals and risk, models of term structure, the use of interest rate derivative in hedging interest rate risk, the use of mortgage-backed and other asset-backed securities (MBS, CMBS), and other debt instruments (CDOs, CLOs etc.) to manage credit and cash flow risks, in addition to valuation and trading strategies of pooled assets and derivative bonds using Monte Carlo and option pricing techniques.

Application Process

Applications to the Graduate Certificate in Financial Risk Management (FRM) program are accepted on a rolling basis and reviewed by the admissions committee.

Applicants must fulfill all of the following requirements:

  • Completed application for admission.
  • Official transcripts from all colleges and universities at which the applicant has completed course or degree work.
  • Completion of a one-semester college-level calculus or statistics course with a grade of "C" or better.
  • An undergraduate degree (B.S. or B.A.) from a 4-year program at an accredited university or college.
  • A minimum undergraduate grade-point average (GPA) of 3.0 for at least the last 2 years.