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Professional Programme in Enterprise Risk Management

IRM India Affiliate - NMIMS CIS

Professional Programme in Enterprise Risk Management

The Professional Programme in Enterprise Risk Management, curated by IRM India Affiliate and NMIMS Centre for International Studies is a structured pathway towards becoming a dynamic, globally focused risk-intelligent business leader, entrepreneur or manager. The programme covers live virtual study sessions delivered by NMIMS integrated with the Institute of Risk Management's (IRM) global ERM examinations from Level 1 to Level 3. The highly interactive online lectures, exercises, mock tests and case studies qualify for academic credits and certification from NMIMS with professional designations from the IRM, the world leader for ERM qualifications across 140+ countries

The average study investment on a part-time basis for all three levels is about 3 years with an approximate total investment of INR 8 lakhs (including the NMIMS teaching and certification fees and IRM exam and global certification fees), which translates to INR 2.7 lakhs for a year, a recognition at par with International Masters after passing the Level 3 exam (Year 3) and a Certified Fellowship at Level 5 after demonstrating work experience.

What Enterprise Risk Management covers

 
  •   Reputation, branding, marketing risks
  •   Health and safety risks
  •   Procurement and supply chain risks
  •   Technology and cyber security risks
  •   Environmental and geo-political risks
  •   Human resources and people risk
  •   Insurance and financial risks
 

 

Join a global community

 

As a candidate of the Professional Programme in ERM, you:


Live virtual study sessions

Dual certification with international recognition

Covers IRM's global exams

Placement support from NMIMS after IRM's Level 2
  •   will build complex problem solving, critical thinking and analytical reasoning skills
  •   learn how to take risk-based decisions
  •   get detailed insights on how to identify, assess and manage risks across all areas
  •   can apply knowledge of global risk frameworks like ISO and COSO in the industry
  •   become a risk-intelligent leader and develop a risk culture in your organisation
  •   deepen your understanding of risk and risk management across all areas and sectors
  •   can implement winning strategies that balance innovation, opportunity and risk
  •   join an unparalleled global network of the Institute of Risk Management (HQ:UK)

Get empowered with complex problem solving, analytical thinking and risk-based decision-making skills required for today's uncertain world. With advanced understanding of leading global risk frameworks, interconnected uncertainties, black swan events and strategic threats, candidates will gain immense knowledge on identification, risk mitigation and crisis management strategies required to achieve business objectives and seize new opportunities. Regulators and organisations recognise the importance of qualified risk professionals whose expertise of enterprise-wide risks and resilience have significant potential to develop a strong risk culture thereby enhancing the survival of all categories of organisations across sectors.

  • Dual certification with designations and academic credits
  • Covers Level 1-2-3 exams of the IRM, with Level 3 at par with an International Masters
  • Join a global community of qualified professionals
  • Get placement support from NMIMS after IRM's Level 2 examination
  • Access a range of wide resources like IRM's global enterprise risk magazine, thought leadership and research publications
  • Participate in IRM India Affiliate's risk spotlight audio podcast and blog initiatives
  • Attend IRM India Affiliate's virtual events on a range of risk themes and current trends

Self-paced with enrolment for each Level at candidate's comfort

  • Reputation, branding, marketing risks
  • Health and safety risks
  • Procurement and supply chain risks
  • Technology & Cyber Security risks
  • Environment & Geo-political risks
  • Human resources & people risks
  • Insurance & finance Risks

 

LEVEL Level 1
Choice between
1. Student Exam
2. Professional Exam
Level 2
Choice between
1. General ERM
2. Financial ServicesERM
Level 3 Level 4 Level 5
Description Fundamentals International certificate International diploma recognised at par with an International Masters Certified member Certified fellow
Designation None IRMCert GradIRM CMIRM CFIRM
Units / Modules 2 Units 2 Modules comprising of 6 units each 4 Modules comprising of 6 units each    
IRM Examination Format & Frequency February/ May/ August / November, online
MCQ application based
June & November,
360 exam centers in India,
2 computer based MCQ exams
for the 2 modules
No examination,
Case study
project assessment
No examination,
application based
No examination,
application based
Total Study Duration
(Part-time)
2 months
(60 - 80 hours)
6 - 9 months
(360 - 400 hours)
12 - 18 months
(800 hours)
   
Study Support by IRM
  • 8 hours live sessions
  • Physical textbook
  • 3 hours international pre-recorded webinars
  • Certification from IRM (HQ:UK)
  • 6 hours live sessions
  • Core textbook
  • Access to virtual learning management system
  • Module coaches / mentors
  • Discussion forums
  • Certificate and designation from IRM (HQ:UK)
  • Access to virtual learning management system
  • Module coaches / mentors
  • Discussion forums
  • Certificate and designation from IRM (HQ:UK)
  • No study required
  • Certificate and designation from IRM (HQ:UK)
  • No study required
  • Certificate and designation from IRM (HQ:UK)
Study Support and Live Virtual Sessions by NMIMS 30 hours over 2 months (3 Academic Credits and Certificate from NMIMS) 200 hours over 6 months (4 Academic Credits and Certificate from NMIMS) 300 hours over 12 months (Academic Credits and Certificate from NMIMS) No study required No study required
Programme Fees payable to NMIMS CIS INR 20,000 (Students) INR 75,000 INR 1,00,000    
INR 25,000 (Professionals)
Exam, Certification and Book Fees payable to IRM India Affiliate
AFTER enrolling on NMIMS CIS website
INR 29,500 INR 183,340 INR 3,50,000 Membership fees Membership fees

Eligibility for student pathway
Following students can enrol for the professional programme in risk management with NMIMS alongside their studies at any other college or university

  • Students who have completed XII grade AND
  • Currently pursuing or planning to pursue under-graduation or post-graduation from any college or university in India

Eligibility for working professional pathway
Following working professionals can enrol for the professional programme in risk management with NMIMS whilst working at any organisation in India

  • Any graduate who is a working professional / Entrepreneur with minimum 24 months' work experience but no prior experience in risk management
  • Working professionals with 2 years' experience in risk management can directly start with the Level 2 studies
  • Students can start after their 12th grade alongside their UG / PG studies
  • Working professionals / Entrepreneurs can start any time while working
  • Students aspiring to become risk-intelligent leaders in any sector
  • Working professionals who are keen to develop risk-intelligence in their domain
  • Professionals and students who wish to work in the risk department
  • Anyone keen to setup their own risk consultancy
  • Anyone who wants to become a Chief Risk Officer
  • Anyone who wants to become a Certified Fellow of the IRM and risk practitioner
  • Investment professionals keen to learn qualitative enterprise-wide risks
  • Startup / SME founders / business owners who want to set up risk functions
  • Aspiring entrepreneurs, budding family business owners.
  • Senior executives who wish to learn how risk affects strategy and decision-making
  • Dr. Rohit Kichloo
  • Dr. Vaibhavi Dalvi
  • Prof. Nikhita Almeida

Tel : 022 4233 5062 / 022 4233 9086



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