MS in Business Analytics and Risk Management

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    “At this place in my career and life, it would have been impossible to pursue a degree from Johns Hopkins University. The online option has opened me up to opportunities I never would have had.” Shantay Davies | Student | Flexible MBA (Online)
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    ““Business really shouldn’t be a tool that makes yourself a better living. It should be a tool that makes the whole world live better.”” Yao Zheng | Student | MS in Enterprise Risk Management
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    “Each year trillions of gigabytes of new information are produced, and data management is at a whole new level in our era. I wanted to be at the forefront of how we see the world.” Daeun Lok | Student | MS in Information Systems
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    “It’s not what you would envision for a business school. It’s applied learning; it’s hands on. The culture of the school is kind of like a startup. You wear a lot of different hats, and you help build the culture of the school.” J.J. Reidy | Alumnus | Global MBA
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    “Our goal is to educate the finance professional of the future: deeply knowledgeable in an area of expertise and yet well-rounded; focused on the maximization of shareholder’s value and yet socially responsible.” Federico Bandi | Faculty | MS in Finance
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    “Carey was really the only option as far as I was concerned. The school’s motto, ‘doing business with humanity in mind,’ strongly resonated with where I was coming from and where I want to go.” Matt Ellis | Alumnus | Global MBA
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    “I have worked for Marriott International for many years. The Carey MS in Real Estate and Infrastructure program gave me perspective on real estate beyond my work in the hotel industry. My Carey degree also has broadened my industry perspective well beyond my current role.” Heather Reichardt | Alumnus | MS in Real Estate and Infrastructure
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    “When I was an intern at one of the big four accounting firms, I helped my supervisors to build financial statements every day and I think my classes were very helpful in improving my applicable skills and knowledge.” Lu Gao | Student | MS in Finance
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    “The Carey Business School Enterprise Risk Management program is about training managers to handle the risk that goes along with running an enterprise. The students who leave this program are much better equipped than a typical MBA and most managers, to be honest with you. ” Chester Chambers | Faculty | MS in Business Analytics and Risk Management
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For more than 140 years, the Johns Hopkins University's research and work has guided society through uncertain times. That same legacy threads through this program as students use the latest analytics tools to study risk from multiple perspectives in our newly STEM-designated Master of Science in Business Analytics and Risk Management program.



36 credits, 1 year


$68,900 per year


$100 Application Fee

$500 Matriculation Fee

Inside Look Into MS in Business Analytics and Risk Management

Program Features

The MS in Business Analytics and Risk Management program equips managers to improve decision-making processes based on a rigorous treatment of data and information using the management of risk as the underlying guide and framework. This program is designed to teach ways to: quantify multiple dimensions of hard business problems; analyze the structure and data related to those problems; and to create rigorous approaches based on that analysis to respond to problems. In each setting the management of the risks inherent in the business serves as the motivation and guide for the analysis. Coursework provides exposure to a variety of analytical tools along with many areas of risk management and integrates the concepts to enable managers to make better decisions for themselves and their organizations.

The MS in Business Analytics and Risk Management degree provides graduates with the tools and knowledge to:

  • Convert raw data into useful information;
  • Use that information to understand complex decision settings;
  • Create rigorous approaches to problem solving;
  • Place decision making within the context of risk management;
  • Protect shareholder value by managing the downside of risk;
  • Position the organization to better leverage the upside of uncertain outcomes; and
  • Improve decision making at all levels of the organization.

The MS in Business Analytics and Risk Management can be completed full-time at the Carey Business School's Washington, D.C. center.

Starting Fall 2019, our MS in Business Analytics and Risk Management full-time program will be a STEM-designated program, offering an Optional Practical Training (OPT) STEM Extension benefit that allows international students to apply to work and stay in the U.S. for an additional 24 months.

Learn more about STEM OPT eligibility.

Download program fact sheet

MS in Business Analytics & Risk Management Full-Time Curriculum

The full-time, 36-credit MS in Business Analytics and Risk Management degree program includes the following courses. Students should consult with their academic advisor as course sequence and availability may vary.

Descriptions for the following courses can be found in the JHU Student Information System Course Search.

The curriculum below is for students entering in the program in Fall 2019. Current students should refer to their handbook for their curricular requirements and course information. 


Business Foundations (18 credits)

  • BU.210.620 Accounting and Financial Reporting
  • BU.913.610 Business Analytics
  • BU.120.601 Business Communication
  • BU.131.601 Business Leadership and Human Values
  • BU.231.620 Corporate Finance
  • BU.350.620 Information Systems
  • BU.410.620 Marketing Management
  • BU.680.620 Operations Management
  • BU.510.601 Statistical Analysis

Functional Core (6 credits)

  • BU.520.620 Advanced Business Analytics
  • BU.510.650 Data Analytics
  • BU.610.625 Simulation and Strategic Options

Electives (12 credits)

Quantitative Electives (Students choose 2 courses, 4 credits)

  • BU.520.710 Big Data Machine Learning
  • BU.232.650 Continuous Time Finance
  • BU.450.760 Customer Analytics
  • BU.330.780 Data Science and Business Intelligence
  • BU.610.630 Pricing and Insuring Risk
  • BU.450.740 Retail Analytics

General Electives (Students choose 4 courses, 8 credits)

  • BU.132.601 Business Law
  • BU.610.730 Contracting: Incentive Design and Analytics
  • BU.231.720 Corporate Governance
  • BU.610.705 Crisis Management
  • BU.330.730 Cybersecurity
  • BU.520.650 Data Visualization
  • BU.520.701 Enterprise Risk Management Frameworks
  • BU.230.750 Financial Crises and Contagion
  • BU.610.750 Global Supply Chain Management
  • BU.300.620 Managing Complex Projects
  • BU.230.730 Managing Financial Risk

Tuition & Fees

For Academic Year 2018-2019


tuition application fee matriculation fee registration per semester graduation fee
$68,900* $100 $500 $0 $0

*cost reflective of entire 12-month program
All fees are nonrefundable. 

  • Late Registration Fee: $250
  • Late Payment Fee: $250
  • Returned Check Fee: $35
  • Payment Plan Termination Fee: $75
  • Delinquent Account Collection Fee: 25% of the outstanding debt

Learn more about the financial assistance available to students.

How to Apply

Discover all you need to get started with your Carey application. Visit our How to Apply page to learn more about the process, requirements, and more.


  • Transcripts
    • Official transcripts from all U.S. schools must be sent electronically. All U.S. transcripts must be from an accredited institution recognized by the U.S. Department of Education. Please visit your school’s website to request an official transcript and be sent electronically to Please note that transcripts are required from all schools where 15 or more transfer credits were earned. Final transcripts must show the degrees you have earned. An admission decision may be delayed if you do not send transcripts from all colleges/universities attended.
    • o If your school does not participate in an electronic transcript submission system, send official sealed transcripts to the address below:
      • Johns Hopkins Carey Business School
        Office of Admissions
        100 International Drive
        Baltimore, MD 21202
  • Resume
  • 2 Essays
  • One letter of recommendation
  • GMAT/GRE scores - requirement varies by program.
  • TOEFL or IELTS scores for non-native English speakers. A waiver request form can be found on the online application.

Start your application

For more information, please contact us at or 410-234-9220.


  Round 1 Round 2 round 3
Application Deadline October 31, 2018 January 9, 2019 April 3, 2019
Carey Decision Date December 18, 2018 March 5, 2019 May 2, 2019
Deposit Deadline January 16, 2019  March 28, 2019 May 23, 2019

Find more information about our program deadlines.

Career After Graduation

Our Career Development team is committed to providing opportunities for you to build professional skills and competencies that are essential for success in the career search.

Graduates of the MS in Business Analytics and Risk Management have gone on to start or advance their careers in operations and logistics. Employers have included:

  • Apple
  • General Motors
  • IBM
  • International Monetary Fund
  • Johns Hopkins Medicine
  • Proctor & Gamble
  • Pricewaterhouse Coopers (PwC)
  • U.S. Department of Defense

The most recent MS in Business Analytics and Risk Management career data is available here.

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Carey Hackathon

The Carey Business School partnered with Baltimore high school students for the third annual HackCarey hackathon event.