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2023 Graduate Outcomes
  • 48% average salary increase
  • 1.3 years average time to pay back investment
What does it cost?

Tuition per credit hour
Georgia residents: $511
Non-Georgia residents: $1,373
Out-of-Country residents: $1,400

Tuition is subject to change. Learn more under the tuition tab below.

How long will it take?
  • Full-time format: 16 months (3 semesters).
  • Part-time format: up to 5 years.

Classes: Monday-Thursday, after 4:00 p.m.

A dual degree in actuarial science or analytics requires just one additional semester.

Where can I take classes?
Atlanta Campus, Buckhead Center (3348 Peachtree Rd. NE)

Is the program STEM-designated?
Yes. Read more about STEM designations.

Application Deadlines View Admissions Requirements

Domestic Applicants
We offer various application deadlines to U.S. residents. By applying earlier in the cycle, you will receive priority consideration for a graduate assistantship. After the final deadline, applications are accepted on a rolling basis until one week before class starts.

International Applicants
International applicants who need a student visa must apply by an earlier, hard deadline.

Find your deadline

Quantitative Risk Analysis & Management, M.S.

Attend virtual office hours with one of our recruiters to get your questions answered.

Robinson’s M.S. in Quantitative Risk Analysis & Management is the only program in the nation that combines cutting-edge financial modeling with a risk science focus. For 2023, TFE Times ranks us 5th in the nation among public financial engineering programs and 13th overall.

Through a STEM-designated curriculum, you will build skills in risk analysis, financial modeling, credit analysis, and data analytics. You also will develop a mastery of InsureTech, fintech, and machine learning. You’ll put all your knowledge to the test in Robinson’s FinTech Lab, where you will collaborate with financial services firms on complex projects.

In just one additional semester, you can earn a dual degree in either actuarial science or analytics, making your skill set doubly attractive to employers.

  • Actuarial Science/Quantitative Risk Analysis and Management

This dual degree combines the quantitative methods used in not only banking and capital but also insurance markets. The program enables graduates to widen their career perspectives in any financial services sector.

  • Analytics/Quantitative Risk Analysis and Management

This dual degree equips students with the data analytics skills and quantitative finance methods used in financial institutions. Successful graduates are transformed into highly sought-after data scientists with financial/risk modeling expertise. Their skill set stands out from traditional data scientists.

LEARN MORE ABOUT OUR DUAL DEGREE OPTIONS

 

#5 in the nation among public financial engineering programs
TFE Times, 2023

Program Highlights

#2 in North America and #10 in the World for Research Productivity

Robinson’s Department of Risk Management & Insurance ranks #2 in North America and #10 in the world for research productivity in the five leading actuarial and insurance journals. U.S. News & World Report ranks the department #4 in the nation.

2023 Graduate Outcomes

  • 48% average salary increase
  • 1.3 years average time to pay back investment

We are the ONLY Center for Actuarial Excellence in the Southeast.

The department is designated as a Global Center for Insurance Excellence by the International Insurance Society.

One of only two programs in North America with a PRMIA Risk Accreditation. You will be exempt from PRM exams I and II, leaving only exams III and IV to complete for PRMIA PRM designation.

Program Details

Application Requirements
M.S. in Quantitative Risk Management & Insurance students, including those pursuing a dual degree, can enter the program in the fall or spring.

Learn more about the application process and what you will need to apply.

Note: Please visit the “Curriculum” tab for information on the program pre-requisites. When applying, please select fall or spring only as it is not possible to start the program requirements in the summer.

The Master of Science in Quantitative Risk Analysis and Management (QRAM) program is designed to prepare students for analytical and technical positions within financial institutions, risk management advisory organizations, and the treasury/finance departments of non-financial corporations.

The QRAM program can be completed in 16 months over three semesters by completing 30 credit hours (10 courses).
Degree requirement is 30 credit hours with 8 required and 6 credit hour electives.

Regulations for the Degree

A maximum of 9 semester hours of transfer credit is possible in this 30-hour program or in the 48-hour dual degree program.

Foundation Requirements

These courses are in addition to the 30 hours required for the QRAM degree or in addition to the 48 hours required for the dual degree programs. They are assigned as part of the admissions process based on a review of each student’s transcripts.

Mathematics: Students must have completed three semesters of advanced calculus.*

Statistics: Students must have completed two semesters of undergraduate mathematical statistics.*

* Please check for approved courses.

Program Format

The majority of M.S. in Quantitative Risk Analysis and Management students complete the program on a full-time basis. However, all required courses are offered after 4:00 p.m. Therefore, it is possible to complete the program without sacrificing significant amounts of time away from the office.

Required Technical Support Courses

The following courses must be completed within the first 18 hours of 8000-level course work.

MSA 8010 Data Programming for Analytics
ECON 8740 Applied Statistics and Econometrics

Required Courses in the Specialization

RMI 8300 Predictive Risk Modeling
RMI 8370 Financial Risk Management
RMI 8450 Machine Learning for AS and RM
QRAM 8610 Financial Engineering
QRAM 8630 Interest Rate Models
ECON 8780 Financial Econometrics

Tuition per credit hour
Georgia residents: $511
Non-Georgia residents: $1,373
Out-of-Country residents: $1,400

Tuition is subject to change.

Financial Aid

Contact Graduate Student Financial Services
We are here to help you understand the cost of your program (including the financial aid cost of attendance (https://sfs.gsu.edu/resources/coa/), the payment schedule and financing opportunities.

[email protected]
404-413-7086

Scholarships

Robinson Scholarships

Robinson offers several scholarships through the Office of the Dean as well as the individual academic departments.

Learn More and Apply

Search Georgia State’s Database

Georgia State offers a robust searchable database containing scholarships offered through the university as well as external websites.

Search the Database

Graduate Research Assistantships

Many students receive Graduate research assistantships to offset program costs.

Learn More and Apply

Loans

You will be paired with a Graduate Student Experience professional who stays on top of the extracurricular programming that will enhance your academic journey and propel your career. Activities include boot camps on topics that are relevant to your field, professional workshops, networking events, recruiting fairs, and meet-and-greets intended to create camaraderie with your peers.

View a sample schedule of Graduate Student Experience events

Learn More about the Graduate Student Experience Team

Team-Based Real-World Projects: Engage in intensive Sprints to solve actual industry problems, guided by faculty and in collaboration with our industry partners.

Graduate Assistantships: Benefit from hands-on experience, mentorship, and tuition waivers through our valuable assistantship opportunities.

The mission of the Master of Science in Quantitative Risk Analysis and Management program is to provide students with a solid understanding of the application of mathematics in economics and finance to address contemporary risk management issues.

Careers

This program will prepare you for a career in a variety of industries that require quantitative expertise. In addition to career flexibility, you will enjoy high income variability and potential.

Program graduates work for a variety of well-respected companies including AIG, Amazon, Bank of America, Cigna, Cox, Deloitte, KPMG, LexisNexis, McKinsey & Company, PwC, SCOR Global Life Insurance, Starr Companies, Truist, and the U.S. Federal Reserve System.

Our 2023 graduates reported a 48% average salary increase, enabling them to pay back their investment in graduate school within 1.3 years.

VIEW SAMPLE JOB TITLES

actuarial analyst

actuarial assistant

business analyst

business strategy analyst, credit operations risk analytics

capital markets analyst

client service assistant

complex securities analyst

credit risk analyst

data analyst

data scientist

financial analyst

financial risk analyst

health & benefit specialist

quantitative risk analyst

risk and financial advisory analyst

risk insurance actuary

risk management & underwriting leadership development program

Meet Your Faculty

Headshot of Alejandro Del valle

Associate Professor

Headshot of Glenn Harrison

Director, Center for the Economic Analysis of Risk; C.V. Starr Chair

headshot of Ling Peng

Professor; Fellow, Institute of Mathematical Statistics; Fellow, American Statistical Association

headshot of Stephen Shore

R. Means Davis Professor of Risk Management and Insurance; Executive Director, S.S. Huebner Foundation for Insurance Education

Headshot of Ajay Subramnian

Bruce A. Palmer Professor

Read Our Stories

M.S. in Quantitative Risk Analysis & Management student Cacilia EnyanQuantitative Risk Student Lands Internship at Holding Company in Chicago
Cacilia Enyan's employer in Ghana encouraged her to resign, pursue a master's, and gain more experience in the U.S. before coming back home. All of that has paid off.read more ❯
dual Master of Actuarial Science/M.S. in Quantitative Risk Analysis & Management student Michelle Azam MairajMaster’s Program Helps Health Insurance Actuary See Real-Life Impact of Numbers
This summer, Michelle Azam Mairaj is interning in the trend analytics and forecasting division of health insurance company Humana.read more ❯
TFE Times RanksTFE Times Ranks Robinson’s Master’s in Finance, Data Science & Analytics, Quantitative Risk Analysis, and Marketing Among Nation’s Best
Four specialized master’s degree programs offered by Georgia State University’s J. Mack Robinson College of Business are among the nation’s best in new rankings from TFE Times.read more ❯

Contacts

Attend virtual office hours with one of our recruiters to get your questions answered.

Graduate Admissions
[email protected]

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Atlanta, GA 30303