Master of Risk Analytics at Carnegie Mellon University

    Master of Risk Analytics at Carnegie Mellon University

    Master of Risk Analytics at Carnegie Mellon University

    Carnegie Mellon University offers the Master of Risk Analytics as a full-time degree delivered on campus at its main campus in Pittsburgh , United States of America. Taught in English and completed over 2 years, the program equips students with the theoretical knowledge and practical skills required for risk analytics and related professional fields. The next available intake begins on August 22, 2027.

    About Master of Risk Analytics

    In today's world, executives must make decisions under very high degrees of uncertainty. Whether these decisions concern forecasting, capacity and supply chain planning, or financial analyses of complex financial instruments, first understanding, then modeling and finally mitigating risk is crucial to the competitiveness of the firm. Hence, risk management becomes every executive's business; for some it even becomes a C-level career evidenced by the advent of the chief risk officer (CSO). This course will help you to understand the basic methods and tools in this fast growing area. The course is a hands-on course on computer simulation of business systems that are subject to uncertainty or risk. It takes the perspective of the consultant who needs to analyze an uncertain world by building a simulation model and using it to understand the behavior of the system and explore the effects of alternative decisions. Upon completion of the course you will be able to develop integrated solutions to system-level problems by carrying out the entire process of designing a simulation model, implementing it in the appropriate software, executing the simulation, collecting and analyzing output data, and using the results of the analysis to evaluate alternative decisions. From an executive perspective, you will be able to comprehend uncertainty analyses presented to you and to challenge and pressure-test assumptions prior to making a decision. No prior knowledge of simulation is required. The only background assumed is some basic knowledge of statistics and probability. We will review these basic skills in the first week to bring everybody to the same level. In this course, you will learn to solve real problems facing Fortune 500 corporations using simulation. Several of them are sales forecasting, drug licensing, investment and portfolio decisions, capital budgeting, new business planning, technology selection, and financial hedging. This will be a fun course and the tools you will learn in this class will help you further improve your current skill set and marketability. (4/13)

    Requirements and Admission Criteria for Master of Risk Analytics at Carnegie Mellon University

    Entry Requirements

    GPA

    3.41

    Average

    3.43

    Median

    3.03-3.76

    Middle 80%

    English Requirements

    • IELTSMin 7.5
    • TOEFLMin 102

    English Program Requirements

    Candidates are required to demonstrate a level of competence in English to meet the admissions requirements of the university. You are required to take a TOEFL, IELTS, or Duolingo exam unless:

    • You attended an undergraduate institution, earning a bachelor’s degree, where the sole language of instruction was English.
    • You earned a graduate degree where the sole language of instruction was English. (Although not required, we do recommend that you take the English Language Proficiency exam.)

    You must request that the official score be sent from the testing agency to our program for us to verify the score entered into the application. Request that the official score be sent to us using the following codes:

    • TOEFL Program Code: Institutional Code = 2074; Departmental Code = 02
      • Pro Tip: The recommended TOEFL score is 25 on each section of the Internet-based test. The minimum TOEFL scores required to apply for admission are: Reading: 20, Listening: 20, Speaking: 20, Writing: 20
    • IELTS Program Code: Select Carnegie Mellon and the Tepper School of Business 
      • Pro Tip: The recommended IELTS score is 7 overall and 7 in each band. The minimum IELTS scores required to apply for admission are: Listening: 7, Reading: 7, Writing: 7, Speaking: 7, Overall Band: 7
    • Duolingo Program Code: Select Carnegie Mellon University – Tepper School of Business
      • Pro Tip: The recommended Duolingo English Test (DET) score is 120 overall

    Pro Tip: TOEFL and IELTS scores are valid for two years and must be valid at the time you submit your application.

    Pro Tip: If you earned a degree from a non-U.S. institution, your academic documents should state that the sole language of instruction for the entire university was English in order to be eligible for a TOEFL/IELTS/Duolingo waiver. If your academic documents don’t include this, you should upload an official letter from the University Registrar indicating English as the mode of instruction for the entirety of the degree.

    Tuition and Fee Information for Master of Risk Analytics at Carnegie Mellon University

    Application Fee 75
    Master of Risk Analytics at Carnegie Mellon University
    Carnegie Mellon University
    Carnegie Mellon University
    United States of America

    United States of America, Pittsburgh

    WhatsApp student consultation with YouApply