Risk Management is increasingly being recognized as the key for achieving and driving sustainable organizational performance, regardless if the organization is in the public sector or the private sector and industrial domains. This Master programme is designed to provide graduates with formal education on contemporary Risk Management and its natural extensions to Crisis and Emergency Management.

EUROPEAN CREDIT TRANSFER SYSTEM – ECTS:  120

TEACHING LANGUAGE:  English

LEVEL: Masters

DEGREE AWARDED: Magister Scientiae (Msc)

The programme is evaluated and accredited by: 

The Programme is likely to attract industry-sponsored individuals or groups, i.e. from organisations that are in the process of developing or strengthening their own risk management functions, and individuals who wish to modernize or to enhance qualifications in the area. It is also an ideal postgraduate Programme for candidates from all over the world since it focuses on all aspects of risk management in a generic format.

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.

The Open University of Cyprus (OUC), through its participation in the European project "Liaison Offices with the Labour Market", offers to students of all its programmes of study, the optional and free of charge Thematic Unit (i.e. Module) entitled "Industry Placement". This module provides students opportunities for a placement to gain professional experience in their particular field of study, and the hosting institution can be any public or private organisation operating in the Republic of Cyprus.

Each student has the right to participate in this offering once or twice during his / her studies, provided that s/he meets the required conditions.

Request more information by contacting the OUC Liaison Office here.

• 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. Further information can be found here.

The tuition fees for each Module (Thematic Unit) amount to €500, 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.

As far as discounts and scholarships are concerned, the OUC related policy is in effect.

Applications can be submitted exclusively online:

 Application dates for the fall semester of the academic year 2023-2024: August 8 - August 23, 2023.

Enterprise Risk Management - Previous Structure