How do you plan for the unplannable? No one can see into the future. But good managers have the foresight to identify risks early on and the courage to implement innovative solutions. The Master's degree program in Integrated Risk Management allows you to pursue two exciting career paths. With the focus on Risk Management, you will learn to recognize and deal with hazards and threats in a highly dynamic environment. By focusing on Internal Auditing, you will learn to check the effectiveness of the measures taken and report directly to the top management or the Supervisory Board.
Master of Arts in Business (MA)
tuition fee per semester
€ 363,361
+ ÖH premium + contribution2
Application winter semester 2022/23
17th October 2022 to 31st May 2023
26
1 Tuition fees for students from third countries € 727,- per semester
2 for additional study expenses (currently up to € 83,- depending on degree program and year)
As a prospective risk manager, you will have a comprehensive view of your organization and be able to recognize connections beyond the boundaries of the individual organizational units. Thanks to your communication skills and your ability to think in a networked manner, you will be able to act across departments and communicate at eye level with all employees. However, you do not only see risks as a threat, but are also able to use them as opportunities for your organization thanks to your creativity and decision-making skills. Using your strategic skills, you proactively help shape the future of organizations and support the management in achieving its goals. This requires a structured way of working, assertiveness, but also strategic skills.
You will build a sustainable network from day one of your studies.
We invite you to join us in linking topics and thinking in a completely new way.
Decision-makers and experts in their field will teach you at our university.
To apply you will require the following documents:
Please note:
It is not possible to save incomplete online applications. You must complete your application in one session. Your application will be valid as soon as you upload all of the required documents and certificates. In the event that some documents (e.g. references) are not available at the time you apply, you may submit these later via email, mail or in person by no later than the start of the degree program.
To apply you will require the following documents:
Please note
It is not possible to save incomplete online applications. You must complete your application in one session. Your application will be valid as soon as you upload all of the required documents and certificates. In the event that some documents (e.g. references) are not available at the time you apply, you may submit these later via email, mail or in person by no later than the start of the degree program.
With us, you will receive scientifically based professional education that will sharpen your eye for organization-wide management of risks and opportunities. Over the years, we have built up a strong network of industry, politics and stakeholders. Through strategic cooperation with the Institute of Internal Auditors Austria (IIA Austria), we are in close contact with the auditors of all major companies and organizations, from the banking industry to public administration.
Our teachers are represented in the national and international standardization committees for risk management and are thus leaders in the development and design of the industry's regulations. To help you deal with the unpredictable in the future, we have been integrating complexity research into our teaching for over ten years. During your studies you will be taught by international experts who will give you insights into the world of state-of-the-art management systems in organizations and prepare you for your work in positions in administration, economy, security or politics. In addition, you have the opportunity to obtain renowned, international certificates (e.g. quality manager, process manager, senior risk manager)
The resilience of companies is more important than ever. Due to the integrated and innovative approach of the Master's degree program in Integrated Risk Management at FH Campus Wien, you will act at the interfaces to risk, process and quality management at the end of your studies. You can set innovative impulses and also see opportunities where others only see risks.
Due to the strong practical relevance of the degree program, you will learn directly in companies and on the basis of real scenarios for the business world.
With this part-time degree program, you are opting for an education that is unique in the German-speaking world and combines risk management with economics, process and quality management as well as internal audit expertise. The integrated approach of the study program is represented by the Three Lines Model, which serves organizations as a basis for a functional control and monitoring system. Integrated Risk Management is a degree program that can be applied in many ways in business, whether in profit or non-profit organizations, corporations or in small and medium-sized enterprises, with which you will secure excellent career opportunities for yourself.
Performance indicators are an essential tool in risk management. It requires both the development of financial and procedural indicators. To meet these requirements, different focuses are set in the first semester:
In the following semesters, you will learn various qualitative and quantitative analysis methods. Thus you will learn to identify potential hazards to analyze operational and strategic risk situations and to develop multidisciplinary approaches to a complex environment. Finally, you will learn to evaluate and improve the effectiveness of risk management, the controls and the management and monitoring processes from the perspective of the internal audit. You will acquire the basic authorization for the certificate as a certified internal auditor.
Lector: Mag.a Ines Schubiger
ICS frameworks and standards, differentiation of ICS from other management and control systems, COSO-ICS and its components, implementation of an ICS, ICS from an internal and external control perspective
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: FH-Prof. DI Dr. Martin Langer, Mag. Josef Ruh, PD Dr.Dr. Dipl.-Psych. Guido Strunk
Management (function, process, roles), currents in management theory, management as a strategic and operational planning system, management of complex systems
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Natalie Brezer, DI (FH) Mag. Thomas Goiser, MBA MA CMC, FH-Prof. DI Dr. Martin Langer, Mag. Clemens Österreicher, Mag.a Dr.in Beatrice Preßl, Mag. Josef Ruh
Dimensions of the concept of organization, development lines of organizational theory, theories of organizational design, emergent processes in organizations, organizational change, methods of organizational analysis
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: FH-Prof. DI Dr. Martin Langer, Mag. Josef Ruh
Concept of risk in changing times, paradigms of contemporary risk practice, descriptive decision theory (problems of incomplete information processing, heuristics) and decision-theoretical criteria in dealing with risk
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: DI Christian Robert Binder, BA, Ing. Herbert Dvorak, MBA, Mag. Erwin Vitovec, Mag.(FH) Johann Weber, MBA MPA MA
Overview of accounting, annual financial statements, double-entry bookkeeping, income and expenditure accounting, forms of business and companies, principles of proper accounting.
Entrepreneurial opportunities and implementation, innovation and entrepreneurship, financing, legal basics
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: DI Christian Robert Binder, BA
Application of the taught contents in business administration within the framework of a concrete project
Final exam
Practice project
Practice project
German
Lector: FH-Prof. DI Dr. Martin Langer
Reflection of the imparted contents in relation to practice
Continuous assessment
Reflection Paper
Experiential learning / reflection
German
Lector: DI Christian Robert Binder, BA, Markus Ohler, BA, Mag.(FH) Johann Weber, MBA MPA MA
Key figures, comparability and presentation of key figures, outcome-related key figures, social security, tax law
Strategy and business model, entrepreneurial marketing and market orientation, business planning
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Ing. Herbert Dvorak, MBA
Application of the imparted contents in process and quality management within the framework of a concrete project
Final exam
Practice project
Practice project
German
Lector: FH-Prof. DI Dr. Martin Langer
Reflection of the imparted contents in relation to practice
Continuous assessment
Reflection Paper
Experiential learning / reflection
German
Lector: DI Christian Robert Binder, BA, Ing. Herbert Dvorak, MBA, Mag.(FH) Johann Weber, MBA MPA MA
PM according to IPMA, methods for project start, methods for project coordination, methods for project marketing, methods for project controlling, methods for coping with a project crisis, methods for project closure,
Process Lifecycle - Designing Processes: including a process in process map, developing processes (identification and delimitation / analysis of actual process / conception of target process / realization of improvement potentials), success factors of process management, accompanying changes: system, people, team, leadership, motivation, conflict, creativity methods, organizational cultures, resistance, change, organizational change, change management.
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Ing. Herbert Dvorak, MBA, Dr. Roman Käfer
Standard ISO 9001:2015: Overview, Introduction, Chapters 4-5, Normative (Vision, Mission, Culture, Values, Mission Statement), Strategic (Strategy, Objectives), Operational (Processes, Projects, Measures, Strategy Map, BSC),Standard ISO 9001:2015: Chapters 6-8, Documentation Process Management,Standard ISO 9001:2015: Chapters 9-10, Models, Audit 9001, Assessment,Optimization QM Methods,Statistical Quality Management,Overview Integrated Management Systems, Corporate Policy IMS, Definition Management System, Communication, Transcultural Differences in Quality Culture
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: PD Dr.Dr. Dipl.-Psych. Guido Strunk
Application-oriented system-theoretical basics for the understanding of complex systems: General Systems Theory, Cybernetics, Autopoiesis, Theories of Nonlinear Dynamical Systems, Synergetics.
Importance of the system theoretical basics for the understanding of the management of complex systems. Limits and possibilities of targeted influencing of complex systems.
Recent complexity-scientific approaches to influencing self-organization processes in organizations. Management as stimulation or stabilisation of self-organisation processes.
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Ing. Herbert Dvorak, MBA
Application of the taught contents in risk management within the framework of a concrete project
Final exam
Practice project
Practice project
German
Reflection of the imparted contents in relation to practice
Continuous assessment
Reflection Paper
Experiential learning / reflection
German
Lector: Ing. Andreas Benedetter, BSc, MA, Astrid Donaubauer-Grobner, MA, MA, Ing. Herbert Dvorak, MBA, Christian Koller, Mag. Josef Ruh, Dr. Christoph Schwärzler, Mag.(FH) Johann Weber, MBA MPA MA
Development lines in risk management, 4-phase model of risk management (risk identification, risk analysis and aggregation, risk control, reporting and monitoring), principles of risk management according to ISO31000/ONR49000f., elements of the risk management system, risk policy and risk strategy, risk management and internal control system (framework, instruments, interfaces), organization and risk management
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Markus Ohler, BA
Probability distributions (expected value, variance, binomial distributions), inferential statistics (confidence intervals, VaR, statistical tests)
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: PD Dr.Dr. Dipl.-Psych. Guido Strunk
Application-oriented foundations of complexity research: theories of nonlinear dynamical systems, synergetics, chaos theory, fractal structures.
Recognition of complexity as a provable gap of knowledge and an independent phenomenon area.
Preconditions for the occurrence of complexity and the properties of complexity.
Complexity as a limit to predictability, a source of innovation, and an early warning system for the occurrence of dramatic changes in systems.
Practical content: Determine limits of predictability, synergetic navigation system for managing complex systems.
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Markus Ohler, BA
Calculating with probabilities (Laplace probabilities, tree diagrams, Bayes' theorem, probability and likelihood)
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Ing. Herbert Dvorak, MBA, Dr. Holger Klier, FH-Prof. Dipl.-Inform. Timo Kob, FH-Prof.in Mag.a Claudia Körmer, FH-Prof. DI Dr. Martin Langer, Mag.a Dr.in Beatrice Preßl, Mag. Josef Ruh, Mag.a Ines Schubiger, PD Dr.Dr. Dipl.-Psych. Guido Strunk, Martin Wolf, LL.B, MA
Establishment and optimization of a risk management system, business continuity management, crisis communication, systemic integration of risk management into the organization, risk-appropriate alignment of the overall organization, communication of the risk management process and system, international aspects of risk culture
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Description of the planned research project
- Elaboration of the object of research, problem and research question
- Presentation of the completed literature research (cf. current state of research, theoretical foundations)
- Presentation of the research design (data collection, processing and analysis)
Module exam
Exposé
German
Lector: Carina Hauser, Bakk.rer.soc.oec. M.A., Mag. Paul Just, Barbara Klusacek, MSc, BSc, FH-Prof. Dipl.-Inform. Timo Kob, FH-Prof.in Mag.a Claudia Körmer, FH-Prof. DI Dr. Martin Langer, Mag.a Dr.in Beatrice Preßl, Mag. Josef Ruh, Mag.a Ines Schubiger, PD Dr.Dr. Dipl.-Psych. Guido Strunk, Dr. Günter Stummvoll, Martin Wolf, LL.B, MA
Immersion into philosophy of science, immersion into empirical social research (cf. qualitative, quantitative, mixed methods), discussion and reflection of selected research methods (e.g. survey, content analysis), focus on data collection, processing and analysis
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Mag. Petra Carniel, Mag. Dr. Leo Hemetsberger, Mag. Stephan Pichler, Mag. Josef Ruh, Ing. Manfred Scholz, Mag.a Ines Schubiger, Mag. Anton Six, Franz Tschida, MSc, Martin Wolf, LL.B, MA
Law/Business Administration/Organization/Professional Basics, Competencies of the Internal Auditor, Basics of the Audit Process, Quality Assurance in Internal Auditing
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Mag.a Ines Schubiger
Application of the taught contents in the internal audit in the context of a concrete project
Final exam
Practice project
Practice project
German
Reflection of the imparted contents in relation to practice
Continuous assessment
Reflection Paper
Experiential learning / reflection
German
Lector: Mag. Georg Jeitler, BA MBA, Dr. Matthias Kopetzky, Mag. Thomas Schelmbauer, Mag.a Ines Schubiger
Compliance, risk management; process and project management from the perspective of internal auditing; auditing of finance, accounting, IT; white-collar crime; whistleblowing/internal investigation; transcultural aspects of internal auditing, guest lectures on current issues in internal auditing
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: Mag. Thomas Schelmbauer
Building blocks of an efficient compliance organization (procedures and standards, top-level commitment, risk analysis, business partner compliance, communication and training measures, monitoring system for early detection of risk areas incl. whistleblowing), profile and tasks of the compliance officer, labor law aspects in compliance implementation
Continuous assessment
Group tasks
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Lector: MMag. Christoph Blaha, MBA
Strategic controlling, cost and performance management, financial and investment management, integrated financial planning
Continuous assessment
Group tasks
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
German
Forming and shaping a training group, formation and changeability of individual roles and functions in groups, the emergence of norms and standards, the importance of influence and trust as structure-forming elements of social events, conflicts in groups, gender and social differentiation, the importance of feedback for individual and collective learning, the emergence and importance of authority and leadership in groups, phases of group development, reflective connection a practice transfer.
Continuous assessment
Group task
Experiential learning in the group dynamic training group, tandem observation, feedback, working groups, lectures, self-study (e.g. reading, research)
German
Lector: Bernhard Hötzel, Marion Hötzel
Mindfulness, perception, self-awareness
Continuous assessment
Practicing mindfulness
Experiential learning
German
Lector: Anja Christensen, BA, FH-Prof.in Mag.a Dr.in Andrea Zimpernik
Reading and writing, listening, speaking in English at level C1
Module exam
Lectures, presentation, individual and group tasks, self-study (e.g. reading, research)
English
Lector: FH-Prof. DI Dr. Martin Langer, Mag. Josef Ruh
Current topics in the field of (risk) management and auditing, workshops, international days
Module exam
Lectures, presentation, group assignments, self-study (e.g. reading, research), experiential learning.
German
Lector: Carina Hauser, Bakk.rer.soc.oec. M.A., Mag. Paul Just, FH-Prof. Dipl.-Inform. Timo Kob, FH-Prof.in Mag.a Claudia Körmer, Mag.a Dr.in Beatrice Preßl, Mag. Josef Ruh, Mag.a Ines Schubiger, PD Dr.Dr. Dipl.-Psych. Guido Strunk, Dr. Günter Stummvoll, Martin Wolf, LL.B, MA
Writing a Master's thesis
Final exam
Master thesis
-
German
Lector: FH-Prof. DI Dr. Martin Langer
-
Final exam
Master's examination
-
German
Times
Every two weeks all-day block on Friday as well as weekends, occasionally Thursday or Monday, plus online formats during the week in the evening.
Exams may take place outside of these dates. For students who are not employed to the extent of at least 24 hours with a single employer, there are additional attendance blocks. Likewise, there are additional attendance blocks as part of the supervision for the master thesis or the practical project.
As a graduate of this program, a wide range of professional fields and career opportunities are open to you. Find out where your path can lead you.
The master's degree program prepares you for management and staff positions in international corporations as well as in small and medium enterprises. In these functions, you will consult the management strategically in the development of new business fields and the further development of the company. With your widely diversified education you have the advantage of being able to take on various management functions in companies such as risk management, controlling, compliance and auditing. In addition, you will be able to establish a comprehensive control system from the ground up, as well as all the required processes.
We work closely with renowned companies in commerce and industry, with universities, institutions and schools. This guarantees you contacts for internships, employment or participation in research and development. You can find information about our cooperation activities and much more at Campusnetzwerk. It's well worth visiting the site as it may direct you to a new job or interesting event held by our cooperation partners!
Head of Integrated Safety and Security, Head of Integrated Riskmanagement, Head of Risk Management and Corporate Security
+43 1 606 68 77-2151
martin.langer@fh-campuswien.ac.at
Favoritenstraße 226, B.3.11
1100 Wien
+43 1 606 68 77-2175
0676 5108910
+43 1 606 68 77-2159
risikomanagement@fh-campuswien.ac.at
Office hours
by appointment
Academic Staff
beatrice.preszl@fh-campuswien.ac.at
+43 1 606 68 77-2152
Research Staff (parental leave)
anna.rathmair@fh-campuswien.ac.at
+43 1 606 68 77-2172
Academic Staff, Deputy Head of Works Council
josef.ruh@fh-campuswien.ac.at
+43 1 606 68 77-2180
