Global Association of Risk Professionals Partners With UConn to Launch Master of Science in Financial Risk Management

Mar 24, 2010, 10:14 ET from The Global Association of Risk Professionals (GARP)

Program to Focus on Real World Approach To Risk Management Theory As Students Pursue Masters Degree While Preparing For FRM Examinations

NEW YORK, March 24 /PRNewswire/ -- The Global Association of Risk Professionals (GARP, announced that, working through its Partnership for Risk Education, it has formed a successful collaboration with the University of Connecticut's Business School (UConn) for the development of a new Master of Science in Financial Risk Management (MSFRM) that will focus on a real world approach to risk management theory.  

GARP worked for over a year in conjunction with UConn to develop the 15-month MSFRM program.  Utilizing its extensive resources, GARP provided targeted course descriptions, mappings to the FRM and applications for study programs to create a practitioner-oriented curriculum emphasizing both rigorous theoretical and quantitative analysis, as well as the practical hands on experience required to meet the challenges facing today's risk management professionals.  

The program will help prepare students to attain both their Master of Science degree in Financial Risk Management as well as successfully complete GARP's FRM certification exams.  GARP's FRM certification is the globally recognized benchmark for expertise in financial risk management.  As a fundamental component of UConn's fifteen month MSFRM program, preparing for the FRM exams will play a vital role in readying future risk managers to meet the demands of an evolving financial landscape.

In addition to incorporating GARP's FRM curriculum as part of its graduate program, UConn has established a Chapter and will eventually become a testing site for the FRM exam.  Applications for admission to this State of Connecticut accredited program are currently being accepted by UConn, with introductory classes beginning in the fall of 2010.  This program is only being offered at the Stamford campus.

Dr. Chris Donohue, Managing Director and Head of the GARP Research Center said, "GARP is delighted to have the University of Connecticut School of Business as a member of our Partnership for Risk Education, a select group of educational institutions dedicated to advancing the practice of risk management.  By working together, we have established a program that combines theory and practice and will play a vital part in continuing to elevate the role of the risk manager in today's business world."  

Jud Saviskas, Executive Director at UCONN said, "We are excited by the opportunities the new MSFRM program offers our students. GARP has been a great planning partner and will be a great implementation partner.  Together, we will provide an outstanding program in the design, development, and execution of financial risk management strategies and systems. The MSFRM will provide a forum for the interaction of academics and practitioners as they focus on preparing its graduates to meet the challenges facing risk management professionals."

About The Global Association of Risk Professionals

The Global Association of Risk Professionals (GARP) is a not-for-profit independent association of over 110,000 risk management practitioners and researchers representing banks, investment management firms, government agencies, academic institutions, and corporations from more than 167 countries worldwide.  It also administers the Financial Risk Manager (FRM®) certification recognized by financial risk professionals worldwide, and, in conjunction with the American Petroleum Institute, established the Energy Risk Professional (ERP™) certification.  As the leading professional association for risk managers, GARP's mission is to advance the risk profession through education, training and the promotion of best practices globally.

About The University of Connecticut and The University of Connecticut  School of Business

Located in Storrs, Connecticut, The University of Connecticut (UConn) was founded in 1881 and is perennially ranked the top public university in New England, and stands among the best public institutions in the nation.  UConn is a Carnegie Foundation Research University lauded for breadth and range of research and is accredited by the New England Association of Schools and Colleges.  It serves more than 28,000 students on its six campuses, including nearly 8,000 graduate students in multiple programs.  

Founded in 1941, the University of Connecticut School of Business has evolved into one of the most comprehensive business schools in the nation, offering academic programs at the bachelors, masters, doctorate, and advanced certificate levels, in five Connecticut locations – Storrs, Hartford, Stamford, Torrington and Waterbury. The School of Business has established a strong reputation for high quality research and academic programs, spanning a wide array of functional disciplines – Accounting, Finance, Management, Marketing, and Operations, Information Management and Risk Management.

The UConn School of Business ranked #28 among all public business schools, remains #1 in New England, and is #48 among all business schools nationally according to "America's Best Colleges 2010" by US News & World Report.  Its Full-Time MBA Program was ranked in the top 50 U.S. MBA Programs in Forbes' 6th biennial MBA Program ROI rankings.  Among public institutions alone, UConn ranks 12th nationally and is ranked 27th among all U.S. institutions. UConn's MBA Program is ranked #1 for ROI among public business schools in New England and is one of only five business schools in New England to be ranked in the top 30 nationally, along with Dartmouth, Harvard, MIT and Yale.

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SOURCE The Global Association of Risk Professionals (GARP)