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Risk Management

  • 15-06-2007 1:12pm
    #1
    yournamehere
    Closed Accounts Posts: 45 ✭


    Interested in the area of risk management. Hoping to do some kind of masters which would be useful for this field. Does anyone know of one, besides the MSc in smurfit?


Comments

  • #2
    damnyanks
    Registered Users, Registered Users 2 Posts: 4,276 ✭✭✭damnyanks


    Are you willing to leave Ireland for the UK ? You could also consider a MSc in finance which would give you related skills.


  • #3
    fobster
    Registered Users, Registered Users 2 Posts: 947 ✭✭✭fobster


    I'm looking to get into risk management myself, a few months back I was thinking of doing the MSc in Finance and Capital Markets in DCU, imo the course's subjects have a lot of overlapping which may help reinforce core concepts, but, if you've already done a finance undergrad degree the need for this amount of repetition imo is hard to justify, on the other hand if you're coming from a non-finance background it would definitely help, no doubt about it.

    There's also the 2-year full-time MSc in Quantitative Finance and the 1-year MBS in Finance in Smurfit.

    If I get the chance in the next few years I plan to do the course you mentioned in UCD/Institute of Bankers because imo it is much more focussed.

    That's my opinion anyways.


  • #4
    Running Bing
    Registered Users, Registered Users 2 Posts: 3,841 ✭✭✭Running Bing


    I hear a lot about Risk Management. What is it exactly?


    I assume there are'nt many opportunities in Ireland from your comments Damnyanks?


  • #5
    fobster
    Registered Users, Registered Users 2 Posts: 947 ✭✭✭fobster


    Risk Management involves the measurment and control of the risk to which one is exposed to as a result of their actions and the environment in which they operate/exist etc.

    A simple example of risk management in our daily lives would be wearing a seatbelt in a car or a helmet when cycling, there's the risk of injury/death if you're involved in an accident so you reduce the risk by wearing the seatbelt/helmet, now the risk is not eliminated completely as you can still get injured but that risk is less than the risk of cycling without a helmet. That is a fundamental principle in risk management in that you can very rarely eliminate all the risk you are exposed to.

    Now risk management in businesses, and especially in banks, is a very broad area. It includes everything from foreign exchange risk to credit risk i.e. a borrower defaulting on a loan to operational risk i.e. human error, fraud etc.

    I think Damnyanks is referring to the lack of postgraduate courses in risk management in Ireland, there is only one that is devoted to that which the MSc in Risk Management in UCD mentioned above.

    From trawling through job sites looking for graduate positions in the area, it is clear to me that there are plenty of employment opportunities in the area here in Ireland.


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