Decision-Making and Risk Management
Optimize strategic and operational decisions in a complex environment.
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At a Glance
- Enrollment:
- Open Enrollment
- Length:
- 8 Weeks
Upcoming Dates
February Start
Students may register up to 7 days after the course start.
Hone your decision-making skills and apply risk-management techniques to navigate today’s high-stakes business environment.
The University of Chicago’s eight-week online Decision-Making and Risk Management course prepares you to create and implement risk management strategies. A proactive approach will help you develop the decision-making skills to mitigate threats and optimize outcomes in diverse business contexts.
Designed For
Designed for compliance, financial, and risk analysts, regulatory examiners, and managers across industries who wish to explore and capitalize on risk-informed decision-making.
Learning Objectives to Become a Strategic Decision-Maker
This course focuses on the fundamental concepts, definitions, principles, and practices in risk management from the perspectives of the corporation, the market, and the regulator. It is taught based on Harvard Business Review (HBR) cases, and the insight you will gain applies to individual decision-making and corporate risk management.
After completing the course, you will be able to:
- Analyze problems using decision-making criteria and theories.
- Model different types of risk and decisions to forecast potential outcomes.
- Understand the principles of risk management and apply risk-management techniques and technologies.
- Use the characteristics of uncertainty to make educated decisions.
- Earn a credential certifying completion from the University of Chicago and become part of the UChicago network.
Ready to Improve Your Decision-making Strategies?
Register today and unite your professional practice with our distinctive blend of academic rigor and real-world application.
Enroll NowDecision-Making and Risk Management Curriculum
You will learn to:
- Design strategies involving portfolio management, budgeting, and structure.
- Navigate regulatory requirements, processes, and compliance.
- Introduce risk governance and management into organizational culture.
- Identify decision-making concepts and tools within risk management, including derivative structures and risk analysis models.
- Describe different types of risks and use financial and statistical tools for risk analysis
Online Format Features
- Self-paced interactive learning modules with a variety of engaging learning activities, assignments, and resources.
- Live sessions that bring you, your peers, and your instructor together to learn collaboratively about the current state of the field, engage with real-world problems, and explore authentic solutions.
- Continuous support from your instructional assistant, who will accompany you on your journey through the content, answer your questions, and provide feedback on your work.
Weekly Course Schedule
Review risk sources and types and decision-making in risk management. Examine qualitative and quantitative aspects of risk management—focusing qualitatively on risk governance, analysis, and communications and quantitatively on risk identification, measurement, and management.
Examine risk governance principles, focusing on the board of directors, management, policies and processes, and enterprise risk management. Delve into top-down analysis of risk decision-making, the rights and responsibilities of each organizational layer of risk management, and the direction and control of the risk decision-making process.
Introduce idiosyncratic risk management, define core and noncore risk, and review the concepts of risk capital and risk interaction. Review high-level strategic and financial decision-making tools and concepts used to identify a company’s risks.
Review statistical concepts relevant to risk management, including mean, variance, and standard deviation. Introduce data analysis for risk management and discuss random variables and probability. Discover market, credit, liquidity, and operational risk metrics.
Discover the infrastructure of risk management—tracking and monitoring risk exposures, financial and statistical tools for risk analysis, economic tools, and model risk.
Explore risk premia and pricing, risk management strategies and structures, risk management decisions in portfolio management, capital budgeting, capital structure, and risk assessment scorecards.
Examine concepts related to risk monitoring, including risk exposure alignment, policies and processes, and regulatory requirements and compliance.
Complete the course by reviewing strategic risk integration as a comprehensive framework and how it can be used proactively.
Earn a Credential in Decision-Making and Risk Management
After successful completion of this course, participants will receive credentials certified by the University of Chicago including a digital badge to recognize their achievement.
Meet Your Instructor
Our highly trained instructors are courageous thinkers and passionate leaders who leverage years of industry expertise and up-to-date knowledge of terminology, tools, and trends to deliver an unparalleled learning experience. Through their rigorous discourse, cross-disciplinary collaboration, and field-shaping contributions, they create practical solutions and pioneering innovations that enrich our world.
This instructor teaches this course regularly. Please speak to your enrollment advisor if you wish to know who the current teacher is.
Borislava Karageorgieva, CFA, MBA, PAHM
Senior Finance Professional
Borislava Karageorgieva is a corporate finance expert with international experience in financial licensure compliance and regulatory analysis, mergers and acquisitions, angel investing and entrepreneurship, and board governance.
She is the board president of the Chicago Booth Angels Network of...
Career Outlook
In today's dynamic business landscape, risk-informed decision-making is paramount, enabling organizations to navigate uncertainty with foresight and identify potential challenges and opportunities before they arise. By integrating a comprehensive understanding of risks into strategic choices, businesses can proactively mitigate threats, optimize resource allocation, and foster resilience, ultimately enhancing their adaptability and long-term success.
The average annual base pay for an investment advisor in the United States.
The total value the risk management market is expected to reach by 2027.
The projected CAGR of the industry from 2020 to 2027.
Potential Job Titles for Professionals Leveraging Decision-Making and Risk Management Skills
- Chief Risk Officer
- Compliance Consultant
- Compliance Officer
- Environmental Compliance Specialist
- Loss Control Consultant
- Model Risk Specialist
- Regulatory Affairs Manager
- Risk Analyst
- Risk Compliance Investigator
- Risk Manager
How Do I Get Started?
- Complete the form on the registration page.
- Pay the tuition fee through our secure gateway.
- Receive a welcome email with your login information for the virtual campus.
- Gain access to the course content prior to the start date.
Of Interest
Professional Certificate in Strategic Financial Management
Unlock impactful financial decision-making for success in modern business.