The COVID-19 pandemic and the 2008 financial crisis enforce a rethink in risk management. The theory and practice of risk management turned out to be ineffective at protecting the interest of stakeholders. The neoclassical equilibrium paradigm proved to be an insufficient basis for effective risk management practices.
Complex human behaviour was at the heart of numerous disasters and failed to navigate complex environments. This is a reflection of the fact that humans can sometimes be unpredictable, irrational, and overconfident. If we understand the economic and psychological issues of human behaviour we can manage the risk of those disasters, and reduce their magnitude and impact on your organisation when they happen.
Nowadays academically responsible and practically effective risk management deserves open-minded finance that recognizes that people’s judgements, actions and decisions are affected by altruism, citizenship, fairness, greed, hubris, and other emotional wants and motives. Our RMFI programme is designed to approach important risk management issues from multiple angles which should improve our understanding of the real world and lead to better decision-making under uncertainty. Meet and join us for an extraordinary adventure!
Prof. dr. W.F.C. Verschoor, Academic Director, Postgraduate programme Risk Management for Financial Institutions
Risk Management for Financial Institutions at a glance:
- Duration: 1.5 years (part-time)
- ECTS: 60
- Start: September 2021
- Tuition fee: € 25,000 (upon request, individual modules can be studied, please contact us for details)
- Admission deadline: 30 June 2021
- Degree: MSc VU School of Business and Economics and registration in the Risk Management for Financial Institutions Register
- Language: Dutch or English, depending on the composition of the group. The required reading material is in English
- Lectures: scheduled on Wednesdays.
- COVID-19: VU Amsterdam follows the advice of the RIVM for public health. Lectures will be physical as soon as measures allow.