SCOPE OF THE MASTER PROGRAMME

Enterprise Risk Management is increasingly being recognized as the key for achieving and driving sustainable organizational performance, regardless if the organization is active in the public sector or the private sector and industrial domains. 

This Master’s programme in Enterprise Risk Management is designed to provide formal education contemporary Risk Management and its natural extensions to Crisis and Emergency Management to graduates. 

This Master’s programme in Enterprise Risk Management is designed around four year-long thematic units which capture the essential knowledge, and skills that are essential to a competent and contemporary Chief Risk Officer in any type of organization or enterprise. The programme is composed by 120 ECTS (European Credit Transfer System).
 
The programme is offered jointly by the Open University of Cyprus and the Hellenic Open University.
 

TEACHING LANGUAGE

The Master programme in "Enterprise Risk Management" is offered in the English language.

EUROPEAN CREDIT TRANSFER SYSTEM - ECTS (click here for information)

120 ECTS
 

PROGRAMME STRUCTURE

For the successful completion of the Master programme, students must follow and successfully pass examinations in four (4) compulsory Modules (credited with 20 ECTS per module) and the Master’s Thesis (credited with 40 ECTS).

Students are required to prepare four written assignments in each Module under the supervision and guidance of a tutor and if they gain the necessary grades they become eligible to participate in the final exams

The University's academic year begins in mid-September and ends in June, with the final written exams at the end of the year in May.

The selection of 60 ECTS per academic year is equivalent to full-time, whereas the selection of less than 60 ECTS per academic year is considered as part-time.
 

Modules offered:

Year 1
 

Code

Module

ECTS

ERM501 Organization and Management - The Environment of Risk Management 20 ECTS
ERM502 Advanced Quantitative Methods for Managers 20 ECTS
            ERM503 Risk Management and Risk Management Standards  20 ECTS

Students have to enroll for the modules in a specific order: ERM501, ERM502, ERM503.

 

Year 2
 

Code

Module

ECTS

ERM601 Crisis Management and Business Continuity Planning  20 ECTS
ERM701 Master’s Thesis 40 ECTS

The Master Thesis can be taken after the successful completion of the three Year 1 modules.
 
 

ENTRY REQUIREMENTS

  • Applicants must hold an undergraduate degree from a valid/recognized higher education institution.
  • All candidates must have a very good knowledge of the English language in order to be able to attend successfully the programme.
 
 

TARGET AUDIENCE:

The Master programme in Enterprise Risk Management is likely to attract industry-sponsored applicants or even groups, i.e. from organizations that are in the process of developing or strengthening their own risk management functions. The tight focus of the program on all aspects of risk management but in a generic format makes it an ideal postgraduate course in Risk Management for candidates from all over the world to apply for the qualification. 
 

EMPLOYABILITY

Employment opportunities include the following:
  • Risk Officers and Chief Risk officers in any type of organization that implements, or is in the process of implementing an Integral Risk Management function. 
  • Managers or Directors in any type of organization where they will be required to handle crises and emergencies, and to develop formal risk, crisis, or emergency management processes.

TUITION FEES

The tuition fees for each Module (Thematic Unit) amount to €1000, while for the Master Thesis amount to €2000.

The tuition fees for the completion of the Master programme in "Enterprise Risk Management " amount to 6,000€.

For the academic year 2017-2018, the University's Governing Board has approved a 10% reduction of the tuition fees of each Module
 

APPLICATIONS

Applications are only filled in and submitted electronically, through the University's website.
 
 
For the academic year 2017-2018, the application period is from 8th February 2017 until 29th March 2017.

Academic Governance

The Programme Director with the assistance of two academics, one from each university, forms a three member Academic Committee for the Master Programme in ERM. The Academic Committee monitors the complete educational process of this Master programme
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