Open University of Cyprus
Open University of Cyprus Tuition: 6000 eur

Enterprise Risk Management

Information

Department
Faculty of Economics and Management
Additional Information

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).

Τhe programme is offered jointly by the Open University of Cyprus and the Hellenic Open University.

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.

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.

Program's Webpage

Program

For the successful completion of the Master programme, students must follow and successfully pass examinations infour (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

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

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

Year 2

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

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

Each student can optionally enrol, once or twice, in the free of charge Thematic Unit (i.e. Module) "Industry Placement", which awards five (5) ECTS. The module offers a structured placement, designed to offer students specific industry and professional experience in their particular field of study, and to allow them to build their skills in a real-world setting. The hosting institution can be any public or private organisation operating in the Republic of Cyprus:

ERM695 - Industry Placement (1st placement)

ERM696 - Industry Placement (2st placement)