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Master of Enterprise Risk Management

Be prepared to comprehensively manage threats against your organization with an online Master of Enterprise Risk Management. The program holistically embraces traditional risk-related topics while elevating emerging issues, preparing you to lead confidently in today’s complex risk landscape.

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At a Glance

8 days left to apply
Average 2 Years to Completion
Start date: May 11, 2026
Expert Faculty Mentorship
  • Format: Online
  • Tuition: $38,940
  • Term: Summer 2026
  • 10 Courses

Why Choose Wake Forest’s Master of ERM

The Wake Forest SPS Master of Enterprise Risk Management program equips professionals to lead effectively in today’s high-stakes risk landscape.

You’ll gain fully integrated leadership skills to navigate complexity, drive ethical decision-making, and build risk-aware cultures that align with organizational strategy and resilience. Hands-on coursework and expert-led instruction prepares you to influence both the operational and strategic direction of your organization.

This program also addresses the technological and societal shifts reshaping risk management today. You’ll learn to assess and respond to challenges in cybersecurity, data privacy, and artificial intelligence, while developing strategies to manage emerging risks like environmental sustainability. Our curriculum empowers you to anticipate change, respond with agility, and lead across industries with insight and impact.

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Master of Enterprise Risk Management Core Courses

You’ll complete 9 required online courses, including a capstone that brings everything together. Each course lasts 7.5 weeks. There’s no required order for these courses, so you are free to take courses in the sequence that works best for your schedule, depending on availability. 

Enterprise Risk Management
Course ID: ERM 710
Begin your program with an introduction into the discipline of enterprise risk management (ERM). Learn how to recognize key ERM concepts and management issues involved with assessing current and emerging risk environments.
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Risk Strategy and Compliance
Course ID: ERM 712
Develop the tools and skills necessary to identify and understand key regulatory risks and internal controls that are essential elements of the ERM framework.
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Financial Risk Management
Course ID: ERM 714
Evaluate how organizations manage financial risk including credit, market, price, and liquidity risks. This course will explore the advantages and disadvantages of different financial risk management tools.
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Decision Making and Enterprise Risk Management
Course ID: ERM 720
Learn how to navigate key ERM decisions in a dynamic risk environment. This course will cover concepts and skills needed to improve risk-related business problem-solving and managerial decision-making through the use of quantitative and qualitative tools and techniques.
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Sustainable Operations Risk Management
Course ID: ERM 722
Explore the central concepts of operational risk to better understand how organizations monitor, assess, and manage operational risks to support strategy and promote productivity and sustainability. This course will cover key operational risk framework elements such as process mapping, risk identification, control documentation, and testing.
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Technology, Data, and Cyber Risk Management
Course ID: ERM 724
Build a foundational understanding of how to navigate a complex environment with layered technology, data, and cyber risks. This course explores how organizational responses to cyber security, data, and emerging technologies can help organizations avoid minefields and capture opportunities.
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Data Analytics and Risk Management
Course ID: ERM 730
Examine the important connection between data analysis, ERM, and organizational strategy. This course will dive into traditional and new sources of data, data governance, data quality, digital, legal, and ethical considerations, and challenges associated with forecasting in the context of risk and uncertainty.
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Leadership and Risk Awareness
Course ID: ERM 732
Develop the knowledge and skills to align ERM with organizational strategy and deploy leadership methods to promote a risk-aware culture. This course will explore topics such as leadership principles, managing governance risks, motivating and directing teams, change management, advancing strategy with ERM, strategic communications, reputational stewardship, partnering, and stakeholder management.
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Enterprise Risk Management Capstone
Course ID: ERM 799
Apply ERM principles and techniques learned throughout the program in a direct study course consisting of an applied research project. Each project topic will vary based on student interest and will demonstrate an understanding of ERM’s cross-functionality and its impact across the organization.
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Master of Enterprise Risk Management Electives

You will choose 1 elective to take at any time during the program when your selection is available. Wake Forest SPS designs electives with flexibility and relevance in mind. You’ll have access to a wide range of courses across all programs, so you can tailor your learning and deepen your expertise to meet your goals.

Emergency and Crisis Management
Course ID: ERM 750
Learn how crisis management and its lessons contribute to improving organizational performance on an ongoing basis. This course focuses on business decisions and management processes necessary to anticipate, plan for, manage, communicate about, and recover from crises. Learners will be equipped to develop a corporate Business Continuity Plan.
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Strategic Communications
Course ID: CMS 722
Internal and external stakeholders expect greater transparency and responsiveness from organizational leaders today. This course emphasizes the practice of internal and external strategic communications through the analysis of case studies. This course examines real organizational challenges and students work to identify solutions.
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Communications Leadership, Organizational Culture & Ethics
Course ID: CMS 730
Most organizations have a mission or values statement. How many organizations are living it? This course helps identify leadership strategies for ensuring organizational strategies are aligned with organization mission and values and serve the broader goals of business and society.
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Emerging Technologies
Course ID: FTA 722
Survey some of the world’s emerging technological practices, including: blockchain, cryptocurrencies, cybersecurity, robo-advising, lending and payment systems, and other emerging financial technologies. This course will explore the role cryptography plays in securing blockchain-based cryptocurrencies. Learners will understand the scale, complexity, threats to, and solutions possible with cybersecurity, and analyze the opportunities and future directions for robo-advising and lending and payment systems.
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Machine Learning & Artificial Intelligence
Course ID: FTA 724
Explore the impact of machine learning, deep learning, and artificial intelligence tools in finance. While learners will not engage in coding or the building of machine learning and AI tools, this course will cover the practical application of these tools to solve problems in asset management, corporate finance, and financial institution settings.
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Leadership & Change Management
Course ID: LDR 722
Explore the knowledge, skills, and tools necessary to successfully undertake change. This course delves into the leadership principles, styles, frameworks, and skills required to guide, motivate, and direct teams. Learners will develop the ability to prepare, support, and assist individuals, teams, and organizations in organizational change.
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The people who develop & continually refine programs bring expertise from…
Wake Forest SPS understands that I’m a working individual and created this program for people like me to not only learn what I need to receive a degree but also apply it to what I’m doing now.
— Ellie Matthews, SPS alum

Ready to
start your tomorrow?

Your goals are within reach—and we’re here to help you get there.

Meet the Master of Enterprise Risk Management Academic Director

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Meet the Experts Guiding Your Journey

Joseph Atatsi
Joseph Atatsi, DBA, MBA, MAcc
Senior Regulator, United States Securities and Exchange Commission, and Academic Director in Enterprise Risk Management
Wake Forest University
Sharada Iyer headshot
Sharada Iyer, DBA
EVP, CRO & Head of Strategy, Digital & Innovation Risk, Wells Fargo and Enterprise Risk Management Faculty
Wake Forest University
Cara Marshall
Cara Marshall, Ph.D.
Enterprise Risk Management Faculty
Wake Forest University
Shane Lee
Shane Lee, CFA, FRM, MS
Executive Director - Credit ETF and PT Trader at Wells Fargo, and Adjunct Professor of the Practice
Wells Fargo and Wake Forest University
Gary Lieberman
Gary Lieberman, Ph.D., CISSP, CPFA
Enterprise Risk Management Faculty
Bernard Jones
Bernard Jones, DSc, MBCP
Enterprise Risk Management Faculty
Wake Forest University
Michael Hogan
Michael F. Hogan, Ph.D., J.D.
Enterprise Risk Management Faculty
Wake Forest University
Irmak Renda-Tanali
Irmak Renda-Tanali, D.Sc., MBA
Enterprise Risk Management Faculty
Wake Forest University
Clarke Starnes
Clarke Starnes
Senior Risk Advisor
Truist
Alicia Bowers
Alicia Bowers
Senior Vice President, Innovation & New Ventures
Advocate Health
John A. Falls
Global Director Enterprise Risk Management
Honeywell
Dr. Leonard Bernard Jones Jr., MBA, CISM
Director - Cybersecurity
PricewaterhouseCoopers (PwC)
Stephanie Richard
Chief Risk Officer
Ally Financial
Lea Dulin Grandbois
VP, Risk
Albemarle

Where Your Master of Enterprise Risk Management Can Take You

A Master of Enterprise Risk Management from Wake Forest SPS prepares you to lead in roles that safeguard organizations, drive strategy, and shape a culture of resilience, including:

  • Chief Risk Officer (CRO)
  • Risk Manager
  • Risk Analyst
  • Risk Management Consultant
  • Chief Compliance Officer (CCO)
  • Chief Operational Risk Officer
  • Compliance Manager
  • Chief Strategy Officer
  • Corporate Development

Your ability to evaluate and mitigate risk across legal, technological, operational, and reputational domains positions you as a critical decision-maker in any organization across various industries.

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