Minimizing cyber threats, maximizing security.

The rapid growth of online environments and global networks of interconnected devices (Internet of Things) leaves governments, businesses, and organizations exposed to new types of cyber security risks. As costs of global cyber crimes continue to skyrocket, demand for professionals skilled at assessing and managing cyber risk is growing rapidly as well.

Our 36-credit Master of Science in Cyber Risk Management program integrates traditional elements of risk management with cutting-edge science in big data and cyber security, providing you with the skills to assess and mitigate cyber risks and protect intellectual property. Coursework highlights the technical, legal and business aspects of cyber risk management, with special emphasis on monetizing cyber risk through insurance. Offered 100 percent online, the program is available to students around the world.

Program Overview

  • Options: Master of Science, 4+1 (MU Undergrads Only)
  • Location(s): Online
  • Credits: 36
  • Duration: Minimum 24 months
  • Cost: $985 per credit; $38,000 total
  • Deadline: Rolling admissions
  • Start term(s): Fall or Spring semester
  • Careers: Cyber or risk analyst in insurance, finance, banking, and more

As new threats and technologies have emerged, Mercyhurst has invested heavily in both data science and cyber security, developing new online master’s programs in Cyber Risk Management and Cyber Security. Drawing on the diverse learning resources and experienced faculty of the Ridge College of Intelligence Studies and Applied Sciences, home to our world-renowned applied intelligence studies department, these programs harness our national security bona fides to offer unparalleled instruction in some of today’s most dynamic fields.

Learning Outcomes

Mercyhurst graduate programs are designed to give our students a competitive edge in the market place. Beginning with your first course, you will gain knowledge applicable to problem solving in your field. Upon completion of the program, you will be able to:

  • Analyze various types of cyber threats to individuals and organizations and their cyber networks
  • Perform risk management review for organizations; apply appropriate data analytics in the process
  • Distinguish among the varying risks that threaten an organization’s business model and strategic plan; and make recommendations on how to identify, assess, manage, and monitor those threats
  • Analyze techniques for assessing, monetizing, and mitigating traditional and cyber risks through insurance
  • Evaluate the U.S. and international legal, regulatory, policy, and ethical issues involved in cyber risk management

The M.S. in Cyber Risk Management is a 36-credit program offered 100 percent online. Taken full time, students can complete the program in as little as two years. Offered on a mini semester system, students will never take more than one class at a time, making this program ideal for working professionals.

Our program’s unique curriculum will prepare students, even those with limited to no previous experience with computer science, for jobs as cyber risk analysts. Whereas most risk management programs focus on financial risk, this program addresses the insurance side as it relates to cyber risk and intellectual property on computer systems, which tend not to be insured or protected well. 

Year 1, Semester 1

Mini 1: CIS 500: Computing & Information Science Concepts
Mini 2: CIS 501: Probability and Statistics

Year 1, Semester 2

Mini 1: RMGT 520: Cyber Risk Management
Mini 2: RMGT 530: Advanced Property & Liability Insurance

Year 1, Semester 3

Mini 1: CIS 560: Cyber Networks
Mini 2: CIS 561: Cyber Security

Year 2, Semester 1

Mini 1: RMGT 540: Advanced Finance & Accounting for Insurance Professionals
Mini 2: RMGT 550: Enterprise Risk Management

Year 2, Semester 2

Mini 1: CIS 564: Cyber Law & Policy
Mini 2: CIS 565: System & Application Security

Year 2, Semester 3

Mini 1: CIS 598: Research Methods
Mini 2: CIS 599: Research Project

Available to qualified Mercyhurst undergraduate students, the M.S. in Cyber Risk Management allows students to begin earning graduate credits during their junior year at no additional cost.* Students starting the 4+1 in the fall of their junior years can earn up to 12 credits, shortening their time to master’s completion and saving more than $10,000. Learn More.

Career Paths

Few professionals today have the in-demand skills to assess and monetize cyber risk. Banking, finance, and insurance companies are the the largest employers of cyber professionals, and they frequently have difficulty finding qualified applicants. In fact, A 2016 skills gap analysis from ISACA estimated a global shortage of 2 million cyber security professionals in the next few years.

Our grads will be well positioned for the careers of the 21st century. As cyber coverage becomes more popular in the insurance marketplace, insurers and businesses are discovering a shortage of professionals with the cyber security and risk management skills needed to excel in this emerging field.

Cyber Alliance

In February 2018, Mercyhurst University announced a new cutting-edge cyber alliance between Mercyhurst, Case Western Reserve University, and Cleveland State University. Known as the North Coast Cyber Research and Training Alliance, this cooperative enterprise includes an agreement to jointly develop cyber security education, research and training programs will leverage the unique combination of strengths of the three schools: cyber intelligence threat analysis from Mercyhurst, cyber engineering from Case Western, and regulatory and policy analysis from Cleveland State’s law school.

Admissions Requirements

Prospective applicants for the Master of Science in Cyber Risk Management must fulfill the following admissions requirements. At the discretion of the director of the cyber risk management graduate program, acceptance may be granted to applicants who have not fulfilled all the admission requirements provided they agree to the conditions of the acceptance prescribed by the director.

Admissions decisions are made by the program director on a rolling basis after a holistic review. Applicants can choose to start in either the Fall (preferred) or Spring semester.

  • Completed (free) online application 
  • A bachelor’s degree in any discipline from an accredited school with a preferred overall minimum GPA of 3.0
  • Official transcripts from all post-secondary institutions you’ve attended 
  • A current resume 
  • A 500- to 750-word personal statement outlining your reasons for enrolling and personal and professional goals
  • A letter of recommendation (1) from a professional or academic source (ex. employer or professor)
  • International applicants whose records are written in a language other than English must have their documents translated into English and a notarized statement attesting to the accuracy of the translations
  • International applicants whose primary language is not English must attain a TOEFL score of at least 79 on the internet-based exam OR an IELTS score of at least 6.5 OR a Duolingo English Test score of no less than 100.

Cost and Financial Aid

Mercyhurst graduate programs are competitively priced. Our goals it to provide you with an education that earns you an excellent return on your investment.

Tuition for the M.S. in Cyber Risk Management graduate program is $985 per credit (2021/22 school year rates).

Estimated total program cost for the M.S. in Cyber Risk Management is $38,000.

Learn more about available financial aid for graduate programs including:

  • Graduate Assistant (GA) positions
  • Graduate Employment (GE) positions
  • Corporate partner tuition rates
  • Veteran benefits
  • Employer reimbursement
  • Federal direct loans

Contact Us

Dr. Chad Redmond
Chair, Department of Computing and Information Science
Office: Library 408A
Phone: 814-824-2355

Colleen Hordych
Assistant Director, Graduate Admissions
Phone: 814-824-2297