MS in Financial and Enterprise Risk Management (formerly MS in Financial Risk Management) (MSFRM)
A risk-focused degree that builds financial risk modelling (stochastic processes, statistical analysis, Monte Carlo) alongside risk management, hedge fund strategies and applied seminar courses. Ends in a group capstone project; an optional quantitative-methods concentration adds a semester.
What you’ll study
Core
- Financial Markets (1 course)
- Financial Risk Modeling (3 courses: stochastic processes, statistical analysis of financial data, numerical and Monte Carlo methods)
- Financial Risk Management (3 courses: risk assessment, valuation, hedge fund strategies)
- Applied Projects (legal issues; accounting and internal controls; two Applications in Risk Management seminars)
- Capstone (FNCE 5334 Capstone Group Projects)
Electives
- Optional 9-credit Quantitative Methods in Risk Management concentration
Source: risk.business.uconn.edu ↗
Before you apply
- Background
- Not named; official transcripts required
- Maths
- calculus (online, college or AP credit accepted)
- Tests
- GRE/GMAT optional (waived for Fall 2026 admission)
- English
- Language test may be required; minimum not stated
- Other
- Resume and two essays required; recommendation letter not required; interview optional; US$75 application fee
Source: risk.business.uconn.edu ↗
After graduation
- Salary
- Average reported base salary US$110,000, UConn FERM Graduate Success Data 2024-2025 (mean)
- Typical first roles
- Investment Research Analyst, Quantitative Analyst, Private Equity Analyst, Financial Analyst, Risk Management Intern
- Employers
- Conning, CVS Health, Goldman Sachs, Amazon, H&R Block, Hartford Steam Boiler
Source: risk.business.uconn.edu ↗
Want to see what employers ask for? Browse open quant roles.
The original msfrm.business.uconn.edu redirects to risk.business.uconn.edu; the degree is now titled MS in Financial and Enterprise Risk Management and is based in Stamford rather than Hartford.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.