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2020 Graduate Outcomes
  • 144.4% average salary increase
  • 0.4 years average time to pay back investment
What does it cost?

Georgia Residents: $18,444-$20,072
Non-Ga. residents: $42,214-$45,794

Range based on full-time and average part-time course load and fees. Tuition is subject to change.

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 (200 Tower Place)

Application Deadlines View Admissions Requirements

The Robinson College of Business reviews applications by admissions rounds. The online application and all additional required materials must be submitted by the deadline to be considered for that round. Each admissions round has a decision release date. Find out when a decision is expected to be released for your program.

Students can begin coursework in the fall or spring.

VIEW APPLICATION DEADLINES

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 an actuarial curriculum. For 2022, TFE Times ranks us 5th in the nation among public financial engineering programs and 14th 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, 2022

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.

2020 Graduate Outcomes

  • 144.4% average salary increase
  • 0.4 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

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).

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.*

*Online courses such as Coursera are acceptable. 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.

Suggested Course Sequence

Fall 1

MSA 8010 Data Programming for Analytics
ECON 8740 Applied Statistics and Econometrics
QRAM 8600 Theory of Risk Sharing

Spring

QRAM 8610 Financial Engineering
RMI 8400 InsurTech
RMI 8300 Predictive Risk Modeling
Elective

Summer

Internship

Fall 2

ECON 8780 Financial Econometrics
QRAM 8630 Interest Rate Models
QRAM 8640 Advanced Credit Risk Modeling

VIEW CATALOG INFORMATION

Estimated total tuition and fees:
Georgia Residents: $18,444-$20,072
Non-Ga. residents: $42,214-$45,794

Range based on full-time and average part-time course load and fees. Tuition is subject to change.

Financial Aid

Contact Graduate Student Financial Services
We are here to help you understand the cost of your program, 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

Graduate research assistantships are available 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 Extracurricular Schedule

Learn More about the Graduate Student Experience Team

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 2020 graduates reported a 144.4% average salary increase, enabling them to pay back their investment in graduate school within 0.4 years.

VIEW SAMPLE JOB TITLES

business analyst

data scientist

quantitative finance analyst

risk analyst

senior data scientist

Meet Your Faculty

Headshot of Alejandro Del valle

Alejandro Del Valle

Associate Professor

Headshot of Glenn Harrison

Glenn Harrison

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

headshot of Mohsen Mazaheri

Mohsen Mazaheri

Program Director, M.S. in Quantitative Risk Analysis & Management; Associate Professor; Editorial Board, Mathematical Finance

headshot of Ling Peng

Liang Peng

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

headshot of Stephen Shore

Stephen Shore

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

Headshot of Ajay Subramnian

Ajay Subramanian

Bruce A. Palmer Professor

Read Our Stories

15M Gift to The Starr Foundation$15 Million Gift from The Starr Foundation Will Transform Risk Education at Georgia State University
The gift from The Starr Foundation to Georgia State University will dramatically expand and enhance its risk education programs and elevate the highly regarded program’s stature worldwide.read more ❯
RCB Specialized MastersFour Robinson College Specialized Master’s Among Nation’s Best in Newly Released Rankings
Four specialized master’s programs offered by Georgia State University’s J. Mack Robinson College of Business are among the nation’s best in new graduate rankings from “TFE Times.”read more ❯
a Robinson student on his laptop in a common areaGeorgia State University’s Robinson College of Business Eliminates GMAT/GRE Requirement
The ultimate measure of student success is post-graduate career outcomes. Salaries have risen every academic year for graduates of Robinson master’s and MBA programs and are up 10.6 percent over the time encompassing the period since Robinson started waiving and then eliminating, GMAT/GRE test scores. read more ❯

Contacts

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

Graduate Admissions
[email protected]

35 Broad St NW
Atlanta, GA 30303