The business of risk management is undergoing a tectonic shift – from a traditional, often narrowly focused and negatively perceived function to one that is more strategic, integrated and constructive. No longer solely focused on core traditional risk concepts (financial, operational, strategic), evolved risk management takes a more holistic approach to the management of critical emerging environment, social and governance (ESG) risks and opportunities, including organizational ethics, compliance and culture.
In this complex, rapidly changing tech-dominated era, such a holistic enterprise risk approach also requires a close connection to and understanding of organizational resilience – including crisis, business continuity and data management. There is a premium for emotionally intelligent, highly qualified managers and leaders able to deal with the velocity of change, challenge and confusion that is taking place in today’s world and into the foreseeable future.
The unique Master’s in Risk, Resilience and Integrity at Glasgow Caledonian New York College (GCNYC) has been designed for those who want to take a truly global, interdisciplinary and cross-sectoral approach to transforming the way any type of organization approaches risk management.
As a research-based master’s degree, which draws on 142 years of academic excellence, this program will train you to apply only the most relevant academic theories from a variety of disciplines to real life challenges in risk, resilience and integrity management.
We offer full- and part-time options at our beautiful location in SoHo, where you’ll build connections to industry experts each week. You’ll work closely with a diverse cohort of fellow students and faculty with decades of experience to gain the global perspective, multi-industry knowledge and strategic leadership skills needed for a successful career. With a unique focus on risk, resilience and integrity as components of profitable sustainability, you’ll learn to see how these functions can be an instrument of change – and a force for the common good.
We’ll guide you through an independent research project (which can be based on a real-life project at work) to help you develop creative approaches to risk, resilience and integrity management to enable and empower people, planet and profit. You’ll get a world-class education in a broad range of subjects, including enterprise risk management, ethics and compliance, crisis management and business continuity, specific risks such as reputation risk, supply chain, human rights, leadership and culture, and technology to enable holistic value-creating risk management.
This program attracts hard-working, intelligent individuals who are passionate about careers where they can help their current or future employers (or own ventures) achieve value creation and/or financial success without compromising on their personal values. In fact, this program trains students to see risk, resilience and integrity management as a key component of profitable sustainability and value-creation whether you are working or plan to work for a for-profit business, non-profit, government agency or multilateral institution.
The Masters in Risk, Resilience & Integrity Management prepares you for a career in any type of for profit or non-profit setting whether in NYC or anywhere else in the world, where you will be in a cutting edge and unique place to create real change in your community and the industry at large.
Depending on their previous professional and academic experience, as well as their personal interests, graduates may be employed in areas such as risk, ethics, compliance, business continuity/crisis management, communications, external / governmental affairs, strategy, and more.
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;
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
- Global Ethics, Compliance and Governance: The Foundation of the High Integrity Organization
- Enterprise and Strategic Risk Management: Cases, Tools and Techniques
- Building 21st Century Resilience: The Role of Business Continuity, Crisis Management and Cyber-Risk Governance
- Research Methods
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:
- Critically assess the implications for businesses of recent and future changes in the global business environment.
- Understand the ethical dilemmas facing organizations operating across national boundaries.
- 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.
- Use analytical methods and techniques to evaluate the financial performance and sustainability of a firm's strategy.
- Evaluate the challenges and choices that firms face when formulating and implementing innovative strategies to create sustainable business value.
- 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:
- 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;
- 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;
- Critically reflect upon the concepts of 'organizational responsibility' and 'responsible leadership' and their implications for private, public and third sector institutions;
- Examine and debate some of the contested issues and complex problems which business leaders and organizational managers encounter;
- Evaluate alternative responses to contemporary challenges facing business and society;
- 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:
- Identify, critically discuss, and appraise their personal & cognitive skills and employment needs;
- Demonstrate increased self-awareness and reflective thinking, leading to identification of strategies for continued development;
- Demonstrate increased confidence and efficacy in presentations;
- Work collaboratively with others, demonstrating effective interaction skills and responsible leadership;
- Evaluate levels of culture on national, business and corporate horizons, which influence and operate in organizations;
- Develop an understanding and application of key precepts in effective cross -cultural competency.
Global Ethics, Compliance and Governance: The Foundation of the High Integrity Organization
This module explores the key issues in global ethics, compliance and corporate governance and the extent to which the current prevailing arrangements secure corporate accountability, responsibility and integrity within all types of organization whether for-profit, non-profit, educational or governmental. The course will provide students with a foundational understanding of the key concepts and elements that make for a solid and effective governance framework including structure, practices and treatment of key stakeholders including shareholders. The module will also incorporate a theoretical and practical understanding of ethics and compliance programs and the key elements that go into the creation of an “effective” corporate integrity program based on global standards developed over the past three decades, including analysis of codes of conduct, training and communications programs and the handling and treatment of whistleblowers. US, European and global influences will be addressed in the review of all such key ethics, compliance and governance practices.
• Theoretical aspects of ethics, compliance and corporate governance
• The development of ethics, compliance and corporate governance codes
• Corporate accountability: To shareholders and beyond
• The responsibilities of the board, effectiveness and diversity
• The developing role of board and other committees, non-executive directors
• The control environment
• The developing role of internal audit, enterprise risk management and reputation risk
• Relationships within the corporate governance framework: Executive directors, shareholders, other stakeholders, audit committees, internal audit and external audit
• The external auditor and corporate governance
• The role of institutional investors and financial analysts
• The elements of an effective global ethics and compliance programs
• Ethical decision-making and the individual
• Professionalism and professional behavior (including codes of ethics/conduct)
• The role of and intersection with corporate social responsibility
Enterprise and Strategic Risk Management: Cases, Tools and Techniques
This module provides an understanding of the core concepts and tools used to build enterprise risk management (ERM) for any type of organization – from a corporation to a government agency, from a university to a non-profit. This module will cover modern risk analysis models, using a hands-on approach and practical computing exercises to cover both qualitative and quantitative approaches to ERM, as well review the technological tools and developments that will most influence the development of risk management and ERM. Other critical concepts will be addressed including: strategic risk, reputation risk and culture risk as well as certain key global risks like climate change, geopolitical risk and technological risk. The module discusses cutting-edge risk issues related to different organizational types, organizational culture and environment, power relationships, managing change and crisis management. Practical case studies will be used to illustrate many of these aspects in some detail.
• An introduction to risk management including ERM
• Culture and risk
• Power and risk
• Risk and change
• Risk assessments
• Project risk management
• Core concepts in risk models: Qualitative and Quantitative Risk
• Probability & Probability Distributions
• Optimization and Monte-Carlo simulation methods
• Qualitative- and Quantitative Risk Models using in Excel and @Risk
• Strategic risk and key strategic risk areas: Climate, Geopolitical, Cyber
• Case studies of ERM
Building 21st Century Resilience: The Role of Business Continuity, Crisis Management and Cyber-Risk Governance
This course provides a strategic and tactical approach to building organizational resilience in our increasingly turbulent and unpredictable world. The course examines three key components that help create the resilient 21st century organization: business continuity management (BCM), crisis management (CM) and cyber-risk governance (Cyber). Every type of entity -- whether corporate, governmental or non-profit -- must think about and prepare for its most important risks and threats. How to react to a crisis through effective CM, how to build back after the crisis through properly created BCM and how to prepare for a pervasive new threat – Cyber -- are three areas every organization must tackle to survive and thrive in the complex environment of risk and opportunity they operate in. This module will provide the historical antecedents to each of these key functions, and will review – in a practical, case-based and interactive manner - the critical elements that go into the creation of effective BCM, CM and Cyber programs. The course will also underline the important interconnection that needs to exist between the resilience functions and enterprise risk management.
• The historical development of BCM, CM and Cyber
• Regulatory and legislative context
• Development of industry standards
• A brief history of cyber-risk and cyber–security
• The development of effective cyber-risk governance
• Initiating BCM and CM
• Business Impact Analysis
• Management of change and organizational culture: embedding BCM
• Operational management and maintenance: from testing to incidents
• Strategies for BCM and CM implementation
• Relationship between risk management, BCM and CM
• Creating an effective CM program and strategy for implementation
• CM and organizational culture
• Relationship of CM to BCM and enterprise risk management
• Case studies to illustrate the use of BCM and CM in different industry sectors, both SME's and MNC's in the global business environment
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:
- Demonstrate advanced working knowledge of a range of key concepts, qualitative and quantitative research methods available to researchers.
- Identify and clearly formulate a research topic in the context of particular research area of study.
- Critically evaluate literature, select and utilize appropriate methodologies in the formulation of an individual research proposal for a Masters dissertation.
- Control, organize, communicate and analyze qualitative and quantitative research findings in an efficient and effective manner.
- 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:
- Building upon previous developed proposal, conduct empirical research, present an intellectually robust and evidence-based analysis, and develop appropriate recommendations.
- Demonstrate a systematic and critical understanding of the relevant theory pertaining to the chosen topic.
- 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.
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.
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, Resilience and Integrity 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.
"PepsiCo is committed to the communities in which it operates and continuously monitors and adapts sustainability practices in the evolving business environment. We need to understand future trends, manage risk and articulate this business value to other executives and company stakeholders. A business will not be around in 50 years if it just continues to do business as it has always been done."Dan Bena,
Senior Director of Sustainable Development for PepsiCo at the GCNYC Town Hall event on Water Efficiency