Fisher offers new risk management
major and minors to MBAs

Fisher’s MBA program launched a new minor and major in risk management this year.

“The curriculum is a culmination of work that began a number of years ago to develop courses, further faculty capability and forge strong connections to cutting edge practice in this area,” said Karen Wruck, associate dean for graduate programs. “With the continuing economic crisis, now more than ever graduates entering the field of finance must possess a deep understanding of risk management and its importance to any organization.”

The program will be offered through Fisher’s Department of Finance. Support for the program was provided in part by Nationwide, which gave the college a $1.08 million gift in December 2007 for research and an enhanced curriculum in risk management.

Graduates who earn an MBA in the new program will possess the capability to assess and manage risk to create value for their firms. This innovative curriculum design was guided by research that indicates proper risk management can be a source of competitive advantage for corporations and financial institutions and to money managers. The curriculum is designed to develop future managers who understand how to quantify risk and how to make optimal risk-taking decisions.

The new courses include Enterprise Risk Management and Applied Enterprise Risk Management. While the focus of the curriculum is on financial risks, students also learn about other types of risk, such as operational and reputation risks. The curriculum is ideally suited for students with an interest in starting their career in the financial services industry or risk management or treasury positions in non-financial firms.

“Fisher has earned a sterling reputation with employers for providing graduates who can meet the challenges of an ever changing global economy,” said Anil Makhija, Rismiller Professor of Finance and chair of the Department of Finance. “In today’s volatile economic climate, we remain steadfast in our commitment to meeting the demands and challenges of the global marketplace.”

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Despite the dismal economic climate, business leader and philanthropist Warren Buffett was upbeat and expressed his optimism to a group of Fisher students and MBA candidates from five other business schools who met with him at his company headquarters in Omaha, Nebraska on February 20, 2009.

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