The Ph.D. program in risk management and insurance is designed to educate students in the concepts and analytical techniques required for cutting-edge research related to risk.

The program encompasses the study of the sources of risk, the effects of risk on the decisions of individuals and firms, the impact of these decisions on society, and the management of risk through financial institutions. Scholarly research at the frontier of risk management requires in-depth study of economics, finance, applied mathematics and statistics.

This training typically leads to academic careers at other major business schools and economics departments, or research positions in banks or insurance firms. In keeping with the broad, interdisciplinary nature of the department, the faculty publish risk-related research in top journals in economics, finance, applied mathematics, statistics and actuarial science.