Lebanon’s Financial Institutions Must Boost Risk Management Efforts to Mitigate Downturn Risks
As Lebanon’s economy continues to face significant challenges, financial institutions in the country are under increasing pressure to effectively manage risk and ensure their stability. To achieve this, Lebanese financial institutions must adopt a robust approach to risk management.
Effective Financial Risk Management Key to Survival
Financial institutions in Lebanon are exposed to various types of risks, including:
- Market risk
- Credit risk
- Operational risk
- Liquidity risk
To manage these risks effectively, financial institutions must have a sound understanding of the different types of risks they face and develop strategies to mitigate them.
Critical Thinking and Research Skills Essential for Risk Management
To make informed decisions about risk management, financial institutions in Lebanon need employees who possess:
- Critical thinking skills
- Research skills
This involves being able to analyze complex data, identify patterns, and develop effective solutions to manage risk.
Accreditation: A Mark of Excellence
The Faculty of Business Administration and Economics at the American University of Beirut has earned AACSB International accreditation, a testament to its commitment to excellence in business education. This accreditation ensures that graduates from the university’s Master of Science in Financial Risk Management program are equipped with the skills and knowledge needed to succeed in the financial industry.
Admission Requirements for MS FRM Program
To be eligible for admission to the Master of Science in Financial Risk Management program, applicants must have:
- A strong academic record
- Relevant work experience
Business and economics graduates who meet the program’s admission requirements will be considered for admission. Other scientific discipline graduates may be required to complete additional coursework.
Credit Transfer Policy
The university allows up to 6 credits of relevant master’s-level coursework to be transferred from other relevant master’s programs, providing students with an opportunity to leverage their prior learning and accelerate their studies.
Graduation Requirements
To graduate from the Master of Science in Financial Risk Management program, students must:
- Complete a total of 30 credits on full-time or part-time basis
- Maintain an overall average of at least 3.0/4.0