Global Risk and Corporate Responsibility

The risks involved in conducting global business have never been greater or more varied. In addition to dealing with currency devaluations, expropriations, and other conventional economic and political risks, a host of new risks have emerged, ranging from reputational damage resulting from the unethical practices of overseas business partners to legal liability for complicity in human rights violations. The potential negative repercussions of these risks has been greatly magnified by new media technologies, which can instantaneously disseminate news to a global audience.

Global companies also have new obligations that go beyond making a profit. They are expected to operate in a fair and transparent manner, safeguard the environment, and deal ethically with host governments, local communities, suppliers, customers, and other key stakeholders. Many also believe their mandate extends to making charitable donations, offering micro-loans to local entrepreneurs, and building rural schools, clinics, and other infrastructure. Failure to meet increased social expectations can lead to boycotts, protests, and lawsuits—all of which may harm the firm’s reputation and destroy shareholder value.

The MAGA Global Risk and Corporate Responsibility track aims to train a cadre of future risk managers and corporate citizenship professionals that understand this complex new business environment and can help develop corporate strategies to manage risks and build stakeholder relationships.

The curriculum includes foundational courses necessary to understand global economic, political, and demographic trends, as well as courses emphasizing policy analysis. Courses in economics, quantitative and research methods, and writing and presentation skills provide our students with additional academic and professional preparation. Most unique to our curriculum is a capstone project whereby students work in partnership with a corporation, non-profit organization, or government agency/international institution on a topic of mutual interest. Supervised by a MAGA faculty member, the Capstone project culminates in a research paper and presentation. The entire curriculum is supplemented with professional development seminars that provide additional skills in areas such as leadership, team-building, interviewing, and grant writing. Students may also partake in intensive foreign language instruction through the program’s optional language component. During the summer, between the first and second years, students are encouraged to pursue internships with multinational corporations, not-for-profit organizations, consulting firms and other global businesses with an interest in risk management and corporate responsibility.

Plan of Study

Year One

  • First Semester (9 credits)
    • Foundations of Globalization (3 credits)
    • Economic Policy Analysis (3 credits)
    • Analytical Writing and Presentation Skills (3 credits)
  • Second Semester (9 credits)
    • Research Tools for Global Studies (3 credits)
    • Global Risk and Corporate Responsibility Course (3 credits)
    • Global Risk and Corporate Responsibility Course (3 credits)
  • Non-Credit Professional Development Seminars

Year Two

  • Third Semester (9 credits)
    • Program Design and Evaluation OR Policy Analysis and Program Evaluation (3 credits)
    • Global Risk and Corporate Responsibility Course (3 credits)
    • Global Risk and Corporate Responsibility Course (3 credits)
  • Fourth Semester (9 credits)
    • Master’s Capstone (3 credits)
    • Global Risk and Corporate Responsibility Course (3 credits)
    • Global Risk and Corporate Responsibility Course (3 credits)
  • Non-Credit Professional Development Seminars