Objectives

Upon completion of the Certificate students will be prepared to:

• Identify and prioritize the types of complex and interconnected risks present in business decision making.
• Recognize how and why different firms have divergent risk tolerances and risk management strategies.
• Effectively communicate with risk management business executives to understand the rational for risk management plans, the nature of risk assessment and prioritization, and methods used to measure and monitor risk.
• Use appropriate quantitative decision tools to identify and measure risk including stochastic simulation, decision analysis, game theory, and statistical modeling.
• Understand tools companies use to manage risk including insurance, futures and derivative markets, portfolio concepts, scenario analyses, market intelligence, and redundancy and backup systems.
• Conduct risk management research and effectively communicate risk management analyses and findings in written form and in oral presentations to business executives.

Course Requirements

The Certificate in Integrated Risk Management consists of 18 credit hours. The four core courses and elective course options are currently offered from the Departments of Agricultural Economics, Finance, and Industrial Manufacturing and Systems Engineering. All courses must be taken for a letter grade to qualify for the Certificate.

Core Courses (12 credits required)

• AGEC 680 - Risk Management Credits: 3
• AGEC 751 - Risk Management Fellows Seminar Credits: 1

• Note: Students enroll in course for 1 credit hour for 3 semesters.

• FINAN 654 - Derivative Securities and Markets Credits: 3
• IMSE 751 - Normative Theory of Decisions and Games Credits: 3

Electives Courses (6 credit hours)

6 credits required not from student’s major department).

• AGEC 420 - Commodity Futures Credits: 3
• AGEC 520 - Market Fundamentals and Futures/Options Trading Credits: 3
• AGEC 605 - Price Analysis and Forecasting Credits: 3
• AGEC 712 - Optimization Techniques for Agricultural Economics Credits: 3

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• FINAN 623 - Financial Modeling Credits: 3
• FINAN 520 - Investments Credits: 3
• FINAN 643 - International Financial Management Credits: 3
• FINAN 653 - Security and Portfolio Analysis Credits: 3

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• IMSE 560 - Introduction to Operations Research I Credits: 3

• or

• IMSE 680 - Quantitative Problem Solving Techniques Credits: 3
• IMSE 633 - Production Planning and Inventory Control Credits: 3
• IMSE 641 - Quality Engineering Credits: 3
• IMSE 643 - Industrial Simulation Credits: 3

Certificate Completion Notes

• Students must be accepted and either actively engaged, or completed the program, as a Student Fellow in the Center for Risk Management Education & Research to qualify for Certificate.
• The 6 credits of Elective Courses used to fill requirements for the Certificate cannot be taken in the student’s primary major department.
• Students must earn a minimum of 3.0 grade point average on courses taken in the Certificate to fulfill the requirements of the Certificate in Integrated Risk Management.
• No more than 25% of total credit hours required for the Certificate may be transfer credits.
• The Certificate is offered only to degree seeking students and is not available for non-degree seeking students.

Total credit hours: (18)