Magister Scientiae (Msc)
120 ects
English
Internationally Recognised
Online application submission
SCOPE OF THE MASTER PROGRAMME
Enterprise Risk Management is increasingly being recognized as the key for achieving and driving sustainable organizational performance, regardless if the organization is active in the public sector or the private sector and industrial domains.
This Master’s programme in Enterprise Risk Management is designed to provide formal education contemporary Risk Management and its natural extensions to Crisis and Emergency Management to graduates.
This Master’s programme in Enterprise Risk Management is designed around four year-long thematic units which capture the essential knowledge, and skills that are essential to a competent and contemporary Chief Risk Officer in any type of organization or enterprise. The programme is composed by 120 ECTS (European Credit Transfer System).
Τhe programme is offered jointly by the Open University of Cyprus and the Hellenic Open University.
TARGET AUDIENCE
The Master programme in Enterprise Risk Management is likely to attract industry-sponsored applicants or even groups, i.e. from organizations that are in the process of developing or strengthening their own risk management functions. The tight focus of the program on all aspects of risk management but in a generic format makes it an ideal postgraduate course in Risk Management for candidates from all over the world to apply for the qualification.
EMPLOYABILITY
Employment opportunities include the following:
- Risk Officers and Chief Risk officers in any type of organization that implements, or is in the process of implementing an Integral Risk Management function.
- Managers or Directors in any type of organization where they will be required to handle crises and emergencies, and to develop formal risk, crisis, or emergency management processes.
The Open University of Cyprus (OUC), through its participation in the European project "Liaison Offices with the Labour Market", offers to students of all its programmes of study, the optional and free of charge Thematic Unit (i.e. Module) entitled "Industry Placement". This module provides students opportunities for a placement to gain professional experience in their particular field of study, and the hosting institution can be any public or private organisation operating in the Republic of Cyprus.
Each student has the right to participate in this offering once or twice during his / her studies, provided that s/he meets the required conditions.
Request more information by contacting the OUC Liaison Office here.
EUROPEAN CREDIT TRANSFER SYSTEM – ECTS: 120
TEACHING LANGUAGE: English
LEVEL: Masters
DEGREE AWARDED: Magister Scientiae (Msc)
ENTRY REQUIREMENTS
- Applicants must hold an undergraduate degree from a valid/recognized higher education institution.
- All candidates must have a very good knowledge of the English language in order to be able to attend successfully the programme. Further information can be found here.
TUITION FEES
The tuition fees for each Module (Thematic Unit) amount to €1000, while for the Master Thesis amount to €2000.
The tuition fees for the completion of the Master programme in "Enterprise Risk Management " amount to €6,000.
As far as discounts and scholarships are concerned, the OUC related policy is in effect.
APPLICATIONS
Applications can be submitted exclusively online:
Application dates for the Academic year 2022-2023 : June 27 - July 27, 2022.
For the successful completion of the Master programme, students must follow and successfully pass examinations infour (4) compulsory Modules (credited with 20 ECTS per module) and the Master’s Thesis (credited with 40 ECTS).
Students are required to prepare four written assignments in each Module under the supervision and guidance of a tutor and if they gain the necessary grades they become eligible to participate in the final exams.
The University's academic year begins in mid-September and ends in June, with the final written exams at the end of the year in May.
The selection of 60 ECTS per academic year is equivalent to full-time, whereas the selection of less than 60 ECTS per academic year is considered as part-time.
Modules offered:
Year 1
|
Code |
Module |
ECTS |
|
|
ERM501 |
Organization and Management - The Environment of Risk Management |
20 ECTS |
|
|
ERM502 |
Advanced Quantitative Methods for Managers |
20 ECTS |
|
|
ERM503 |
Risk Management and Risk Management Standards |
20 ECTS |
|
Students have to enroll for the modules in a specific order: ERM501, ERM502, ERM503.
Year 2
|
Code |
Module |
ECTS |
|
ERM601 |
Crisis Management and Business Continuity Planning |
20 ECTS |
|
ERM701 |
Master’s Thesis |
40 ECTS |
The Master Thesis can be taken after the successful completion of the three Year 1 modules.
Each student can optionally enrol, once or twice, in the free of charge Thematic Module "Industry Placement", which awards five (5) ECTS. The module offers a structured placement, designed to offer students specific industry and professional experience in their particular field of study, and to allow them to build their skills in a real-world setting.
ERM695 - Industry Placement (1st placement)
ERM696 - Industry Placement (2st placement)
Request more information by contacting the OUC Career and Liaison Office here.
The Modules of the Program are also offered as independent. Any interested person can attend them without enrolling in the Program. Enrollment in the independent Modules requires paying the fees of the Module.
For additional information, please contact Ms. Yianna Charalampous (
Contact Form