M.S. Risk Management

Radical transparency is becoming the norm for every aspect of business operations – and consumers, employees, investors and governments are increasingly strident in demanding more ethical and sustainable practices. Rightly so.

Blockchain, integrated reporting, carbon-disclosure projects and the real-time pressures of social media mean that more companies are willingly opening themselves to public scrutiny – and exposing themselves to new risks. Nimble managers in this environment need to anticipate these risks and respond effectively to everything from a supplier’s inhumane labor practices to the increased environmental impact of a boost in production.

As a student in the research-focused Master's in Risk Management at Glasgow Caledonian New York College (GCNYC), you’ll gain the knowledge and practical skill set to navigate the complexities and challenges of the dynamic and growing field of risk management.

In this part or full-time program, you will:

  • Build skills in establishing risk policy and structures
  • Master the design and review processes for risk management
  • Practice building processes for risk response
  • Learn how to develop contingency and business continuity programs

Glasgow Caledonian is a global leader in risk management education and research. Our faculty publish high-impact studies of subjects including insurance risk regulation, occupational health and safety, healthcare risk management, financial risk management and more - contributing to both public knowledge and the common good.

GCNYC brings this tradition of excellence to New York City, a major global business and financial capital. This fast-moving program will prepare you to handle the primary concerns of managers in both the private and public sectors, enabling you to take the next step toward a successful and satisfying career.

In addition to courses taught by faculty with serious real-world and academic experience, you’ll have an opportunity to showcase your in-depth critical, analytical and investigative skills through a written dissertation.

Graduate Prospects

As a graduate of the Master’s in Risk Management, you will be a highly competitive candidate for job opportunities in NYC and across the world. 

Students can launch or advance careers in risk management, risk analysis, risk coordination, insurance and business continuity management and more – across a wide range of industry sectors: banking, insurance, consultancy, oil and gas, transport, construction and government.

Courses may be studied on a full-time or part-time basis - you may select to do all modules in one year, simply complete one module, and anything in between - whatever best suits your needs and schedule.

Select your entry date and apply online today - you will then be given the choice of mode of study;

  • 2018/19


Mode of study


Start date



Full Time
1 Year
Sep 2018
New York
Full Time
1 Year
Jan 2019
New York
Award Mode of study Duration Start date Location  
M.S. Full Time 1 Year Sep 2018 New York Enquire Apply
M.S. Full Time 1 Year Jan 2019 New York Enquire Apply

All entry requirements listed here should be used as a guide and represent the minimum required to be considered for entry. In rare circumstances, applicants may be asked to provide information in addition to the outlined requirements.

Typical entry requirements

  • Four-year bachelor’s degree in any subject, with a minimum 2.7 GPA or equivalent international qualification from a recognized university
  • If English is not your first language: IELTS 6 (with 5.5 in each sub-score) or equivalent


  • Business Strategy as an Instrument for Economic, Social and Environmental Sustainability
  • Navigating Global Change: Business Practices for the Common Good
  • Value-Based Leadership Skills for an Interconnected World
  • Ethics and Corporate Governance
  • Enterprise Risk and Modeling
  • Business Continuity and Crisis Management
  • Research Methods
  • Dissertation

Business Strategy as an Instrument for Economic, Social and Environmental Sustainability

(Formerly titled Global Strategy – Challenges and Choices)

What does a corporate statesman look like today? Corporate social responsibility is no longer a ‘nice-to-have,’ managed by a small and disconnected team. Instead, it is increasingly a mandate for business leaders trying to please customers, employees and shareholders alike. The world of finance is driving increased transparency. Free-floating data on supply chains, geopolitical risks and other areas that managers once tackled internally are now immediately visible on Bloomberg terminals, in the press and on social media. And more and more, people care about the impact a business has on the local and global community.

This module aims to provide students with the academic knowledge and analytical tools necessary to practice strategic management in a world characterized by rapid change and increasing concerns for economic, social and environmental sustainability. You will develop the knowledge and skills required to undertake research and analysis critical for strategic planning and action. You will learn to constantly seek operating efficiencies that reduce environmental and social impacts while increasing profits. You will address the what, why, where and how of strategic decisions, emphasizing sustainable growth across national boundaries – so your voice will be heard and welcomed within your organization as you help it to achieve sustainable and ethical growth.

On successful completion of this module, the student should be able to:


  1. Critically assess the implications for businesses of recent and future changes in the global business environment.
  2. Understand the ethical dilemmas facing organizations operating across national boundaries.
  3. Apply a range of analytical tools and frameworks for assessment and development of a firm's strategic capability, competences and competitive position in a variety of global settings.
  4. Use analytical methods and techniques to evaluate the financial performance and sustainability of a firm's strategy.
  5. Evaluate the challenges and choices that firms face when formulating and implementing innovative strategies to create sustainable business value.
  6. Plan, implement, report and present findings of a group-based international business strategy project.


Navigating Global Change: Business Practices for the Common Good

(Formerly titled Contemporary Issues)

Do you know how what’s happening outside of your business will impact your professional future? Organizations do not operate in a vacuum. They are shaped by, and themselves also shape, the geopolitical, economic, social and technological environments in which they operate. Companies increasingly need curious and responsible leaders across functions who can look at these global trends – and help their employers navigate both the risks and opportunities.

Increasing transparency about business practices, coupled with a growing sense that we can and should do better, is providing new impetus for managers to create enabling spaces within their organizations for innovation around global challenges. By finding ways to rebalance equity across the value chain, looking for new technologies and processes to promote a circular economy, and taking a cross-sector approach to global challenges, we can have profitable businesses and industries that create positive social and environmental impact.

This multidisciplinary module is designed to equip students with the information and analytical skills required to successfully face some of the most significant global issues for business managers in the modern world. GCU is a signatory of the Principles for Responsible Management Education (PRME), an initiative of the United Nations Global Compact designed to promote responsible corporate citizenship, ensure that business is part of the solution to the challenges of globalization, and help realize a more sustainable and inclusive global economy. This initiative challenges students to reflect upon conventional management and develop a new philosophy of business practice, one which considers the wider social and environmental consequences of management decisions alongside traditional measures of business success. 

On successful completion of this module, the student should be able to:


  1. Critically appraise the causes and consequences of, and implications for, organizational leadership and responsible management of the shifting contours of global, politics, economics and social developments;
  2. Apply research and analysis techniques from social science and related disciplines to gather evidence on and evaluate the challenges faced by organizations and business leaders;
  3. Critically reflect upon the concepts of 'organizational responsibility' and 'responsible leadership' and their implications for private, public and third sector institutions;
  4. Examine and debate some of the contested issues and complex problems which business leaders and organizational managers encounter;
  5. Evaluate alternative responses to contemporary challenges facing business and society;
  6. Apply critical analysis to political, social, economic and environmental challenges that arise in specialist Masters programs, particular business sectors, and professional contexts.


Value-Based Leadership Skills for an Interconnected World

(Formerly titled Personal and Professional Development)

What would your professional future look like if it reflected your unique values – and the pursuit of the common good? An exceptional career in today’s complex and fast-moving business environment requires specific skills and the ability to successfully predict and adapt to changing realities.

Managing your career in a way that is truly aligned with your personal values is exponentially more satisfying and successful. We have demonstrated that profitable sustainability requires zero compromise between great business results and practices that benefit our local and global communities.

This module is designed to help students get to the next level of their careers by mastering certain professional practices – including identifying, understanding, developing and articulating their own key abilities. Learn tactics to build teams and manage relationships across a remote and diverse organization with vendors, customers and partners scattered across the globe. Crystalize your own personal and professional values and change the trajectory of your career by practicing responsible leadership in line with these values. Take real ownership of your personal and professional development so that you can transition to the next phase of your career.

On successful completion of the module, the student should be able to:


  1. Identify, critically discuss, and appraise their personal & cognitive skills and employment needs;
  2. Demonstrate increased self-awareness and reflective thinking, leading to identification of strategies for continued development;
  3. Demonstrate increased confidence and efficacy in presentations;
  4. Work collaboratively with others, demonstrating effective interaction skills and responsible leadership;
  5. Evaluate levels of culture on national, business and corporate horizons, which influence and operate in organizations;
  6. Develop an understanding and application of key precepts in effective cross -cultural competency.


Ethics and Corporate Governance

This module explores the key issues in corporate governance and the extent to which present arrangements secure corporate accountability. It will also incorporate a theoretical and practical understanding of ethics. For all topics studied, students are required to demonstrate the critical thinking, two-way communication and personal effectiveness skills referred to in the Quality Assurance Agency for Higher Education’s benchmark statement for master’s degrees in business and management.

On successful completion of the module, the student should be able to:

  1. Demonstrate a systematic understanding of the nature of corporate governance and accountability.
  2. Critically evaluate current developments in corporate governance from a knowledge base that is informed by recent research and practice.
  3. Compare and contrast a range of ethical theories and examine their impact on decision-making within a business context.
  4. Demonstrate a critical understanding of and apply the key principles of ethical and professional behavior in business.
  5. Extrapolate from existing research and scholarship, practice and international developments to identify revised approaches to practice to improve standards of performance and accountability and ethical issues.
  6. Demonstrate the ability to engage in two way communication by making individual oral presentations to a small group and participating in group discussions on the basis of prior knowledge and reading.
Enterprise Risk and Modeling

This module starts by introducing students to key theoretical concepts and risk management processes and practices within a spectrum of contexts through which risk is currently understood. The module reviews cutting-edge risk issues related to different organizational types, cultures, environments and power relationships, and covers managing change and enterprise risk management. Practical case studies are used to illustrate many of these aspects in detail.

The second part of the module provides an understanding of the core concepts and tools used to build modern risk-analysis models. It uses a hands-on approach and practical computing exercises to introduce students to the mathematical and statistical foundations of risk analysis. These core mathematical, statistical and computing concepts are then combined, to explore a number of modern risk-analysis modeling techniques.

On successful completion of this module, the student should be able to:

  1. Demonstrate advanced working knowledge of a range of key concepts, risk management processes and practices within spectrum of organizational contexts.
  2. Discuss a range of contemporary risk management issues and relate them to the organizational culture, environment, power, organizational change, within holistic risk management approach
  3. Critically evaluate risk management case studies using qualitative and quantitative information.
  4. Understand the possibilities of using simulation tools to solve risk-related problems and apply basic statistical and mathematical techniques using Microsoft Excel and @Risk in order to solve risk-modeling problems.
Business Continuity and Crisis Management

This module takes a strategic approach to the issue of Business Continuity Management (BCM). It will examine the relationship between risk management and BCM, as well as the key drivers of BCM – including its historical development. The module will look in detail at each stage of implementing a BCM system in the context of relevant industry standards. Finally, the module will consider the strategies employed when an organization faces a crisis.

On successful completion of this module, the student should be able to:

  1. Discuss and critically appraise the drivers for BCM
  2. Examine, define and evaluate the stages of the BCM lifestyle according to relevant industry standards
  3. Apply theory of change management to the process of implementing a BCM system
  4. Evaluate the relationship between organizational culture and BCM
  5. Analyze the factors involved in effective crisis management
  6. Critically evaluate the use of BCM as part of the wider enterprise risk management strategy
  7. Critically comment on the role of BCM in the context of different industry sectors, geographical areas and organizational size
Research Methods

The Master’s is designed to help students who do not have prior research experience develop the advanced skills they need to analyze and propose solutions to real-life problems. This module exposes students to the most important quantitative and qualitative methods needed for academic and applied research. Students will learn to critically evaluate new concepts, ideas and evidence from a range of sources and transfer their findings into practice. By gaining new skills in delivering written and oral presentations at the advanced management level, students can ensure that their voices are heard across company divisions and functions. One primary aim of this module is to prepare students for their dissertation by providing them with a framework to successfully conduct the type of research that is critical to management, as well as to internal and external consulting projects. The proposal for the dissertation will be developed as part of this course.

On successful completion of this module, the student should be able to:

  1. Demonstrate advanced working knowledge of a range of key concepts, qualitative and quantitative research methods available to researchers.
  2. Identify and clearly formulate a research topic in the context of particular research area of study.
  3. Critically evaluate literature, select and utilize appropriate methodologies in the formulation of an individual research proposal for a Masters dissertation.
  4. Control, organize, communicate and analyze qualitative and quantitative research findings in an efficient and effective manner.
  5. Apply the forgoing skill to the research proposal for the MSc dissertation.

Building on the proposal developed in Research Methods, this module offers students an opportunity to focus in-depth on an investigation of a substantial business issue or problem. Students are required to demonstrate critical awareness of business practices, relevant theories, and research techniques and approaches. In conducting and presenting their research, students will have a unique opportunity to apply concepts, theories and techniques, drawing on internationally published literature and good practice, to develop and interpret knowledge about management practice in their area of inquiry. The project’s subject matter will involve the theoretical and empirical investigation of topics covered in the coursework, requiring students to demonstrate their ability to work independently with these new concepts. Each project will be supervised and supported by an appropriate academic staff member.

The research project can assume one of three forms:

  • Applied research, which develops an idea, system or process that can be put into work within a broad ecosystem.  As an example, you would explore a new practice and approach to be applied to an industry.
  • Management inquiry, an exploration of an aspect of global trends to understand how to create local solutions to a shared global problem. 
  • Consulting project, which focuses on a practical project directly linked to work with your current employer*

* Students intending to choose this option are required to secure an agreement from the client organization prior to starting research and developing the dissertation.

Regardless of the form selected, the project must be theoretically robust and methodologically sound to meet the academic requirements of the module.

On successful completion of the module, the student should be able to:

  1. Building upon previous developed proposal, conduct empirical research, present an intellectually robust and evidence-based analysis, and develop appropriate recommendations.
  2. Demonstrate a systematic and critical understanding of the relevant theory pertaining to the chosen topic.
  3. Demonstrate the use of an appropriate methodological framework (incorporating consultancy based requirement where relevant) to meet the aim and objectives of the project.


Download the Programme Specification for a detailed breakdown of its structure, what you will learn and other useful information.

Located in the heart of SoHo, the luxury and ready-to-wear fashion hub of New York City, GCNYC's campus is nestled in the cobble-stoned streets of art and design on every corner. You will attend lectures and seminars in a picturesque, loft-like studio space that transforms itself for every occasion. With high ceilings, crisp white walls and an open floor plan - it will be hard to tell if you're headed to class or the latest gallery opening. Minutes from most major subway lines, GCNYC is easily accessible from any of New York's unique neighborhoods. GCYNYC will provide you with a degree, but New York City will serve as an unlimited resource to your education.

Total tuition cost: $34,650*


Students applying and accepted for studies will be eligible for a scholarship. Terms and conditions can apply and scholarship is only available to students who do not require a Visa to study in the US.

Additional costs

All applications for admission to GCNYC require a nonrefundable $50 application fee that must be paid prior to the processing of the application. (The fee is waived for fall 2017 applicants.)

The Master’s in Risk Management takes advantage of GCNYC’s global ties and NYC location. Our close-knit academic community is made up of a diverse group of highly motivated, creative change-makers from all over the world. GCNYC builds on the long-standing reputation of GCU while opening up new possibilities for international collaboration and innovation.

Your experience at GCNYC will be both challenging and exciting. We will work together, learning from and challenging each other. You’ll take core courses with students from all of our fashion and finance programs, giving you the chance to learn from vastly different perspectives and make connections across industries.

Small class sizes ensure meaningful interactions with professors and guest speakers. You’ll be making real connections while you learn from people who can straddle academic theory and real-world experience – and who refuse to compromise between career success and the common good. 

GCU has over a century of close ties to industry, and excellence in applied research is one of the university’s most important guiding principles. GCNYC takes this tradition to NYC, helping you connect your actual (and future!) work challenges to new knowledge and insights from the global academic community. But you won’t just learn about research through lectures – you’ll have the autonomy, time and support to ask important questions with your own independent research.

Completing a dissertation will demonstrate to your employers that you have what it takes to tackle the issues most important in risk management with real academic rigor – and to propose solutions that emphasize sustainability as well as profitability.