Minor in Risk Analytics
The financial services industry is one of the most dynamic industries in the world. With the opening of markets, rapid economic development in Asia, deregulation and blurring of borders in financial services and products, the industry faces serious challenges including intensifying competition, increasing exposure to different types of risks and the integration of these risks. These issues affect both industry practitioners and regulators.
NBS offers a Minor in Risk Analytics which exposes students to a broader risk-related industry while integrating more modernise data analytic tools. Through this Minor programme, you can expect to gain a comprehensive understanding of insurance coverage, industry issues and risk management techniques, and be equipped with vital risk management tools for application to a wide variety of real-world situations. The greater emphasis in financial risk management and data analytics will greatly enhance students’ marketability and have a much broader appeal to a wide variety of job opportunities.
Potential employers include:
- Insurance companies
- Corporate risk management departments
- Banks Insurance agencies and brokerages
- Human resources departments
- Financial planning offices
- Consulting organizations
- Government and regulatory agencies
Our close partnerships with industry professionals, companies and organizations provide a unique level of support for you, including internships and opportunities for networking.
To fulfil the requirements for the Minor in Risk Analytics programme, you will need to complete 15 AUs, to be awarded a minor in RA.
Prescribed Elective Courses
Students are free to choose any courses from the following:
|BR2208||Foundations of Risk Management|
|BR2210||Financial Markets and Products|
|BR2211||Financial and Risk Analytics I|
|BR3213||Valuation and Risk Models|
|BR3214||Financial and Risk Analytics II|
Note: The same course cannot be counted towards satisfying requirements of two programmes, such as a major and a minor, or two minors. The courses are updated from time to time to reflect the needs of the industry, in particular the latest industry trends and skill requirements in Singapore.
- Students have to read minor courses as Unrestricted Electives or Broadening and Deepening Electives and the academic units earned will count towards the students’ academic unit requirements for Unrestricted Electives or Broadening and Deepening Electives. A minor course that is NOT read as Unrestricted Electives or Broadening and Deepening Electives * (e.g. read as Specialisation Prescribed Electives or GER Prescribed Electives) cannot be counted again towards fulfilling the minor. *Exception for the minors in Art History, Business, Communication Studies, Energy, Environmental Sustainability, Finance, Information - Communication Technology, Philosophy, Risk Management and Insurance
Students who are admitted in AY2013 and onwards are allowed to count ONE (1) GER Core or GER Prescribed Elective towards the minor requirement IF the said GER Core/GER Prescribed Elective is also in the minor's list of courses. The remaining courses must be Unrestricted Electives.
- A course cannot be counted towards the requirements of two minors (unless otherwise stated).
- To be awarded a minor, students must not opt for these courses to be graded Satisfactory (S)/Un-Satisfactory (U).
- NIE students have to consult the NIE Office of Academic Administration and Services (OAAS) if they have intention to pursue a minor.
- Minor in RA is not applicable for students admitted in AY2019 and before. Students who are admitted in AY2019 and before would be eligible to take Minor in Risk Management and insurance instead.
Special note for Exchange students clearing Minors:
Student on exchange are only allowed to clear up to a maximum of 2 to 3 Business minor courses overseas.