Master of Engineering in Risk Engineering

Employ Big Data and Computer Modeling to Assess Risks and Guide Decisions

Extreme weather and similar crises are costly, in lives and property.

Engineers and scientists trained in statistical decision theory are uniquely positioned to help public policy makers and private organizations mitigate losses and reduce human impacts.

This three-semester non-thesis master’s degree can give you that training.

Duke will help get you there. Unique among professional master’s programs, we offer scholarships to competitive applicants—typically $20,000 to $30,000.

Mark Borsuk

We’re seeing extreme events that previously could never have been predicted. Society needs professionals who can lead the creation of robust systems for when things don’t turn out exactly as expected.

Mark Borsuk Director, Duke Risk Engineering Master’s Program and Co-Director, Duke Center on Risk

Choose Your Concentration

A 30-credit professional degree, with an industry internship, that can be completed in three semesters.

Energy & Climate Systems

Environment & Population Health

Financial Risk

Materials & Structures

Expanding Career Opportunities

Demand is growing for leaders with interdisciplinary training where engineering intersects with economics, decision science and public policy.

Potential careers include:

  • Business and engineering consulting
  • Financial engineering
  • Infrastructure analysis
  • Risk assessment
  • Insurance and reinsurance industries

Who Should Consider Applying

While this master’s degree program is not for everyone, it is for more than just engineers.

Successful Applicants Can Include

  • A practicing scientist or engineer looking for a high-impact, career-ready master’s degree
  • A recent undergraduate with a degree in engineering, mathematics or the physical sciences
  • A prospective graduate student seeking excellent preparation for doctoral study
  • A Duke engineering undergraduate who wants to earn bachelor’s and master’s degrees in just five years

Scholarships

Typically $20,000 to $30,000 for competitive applicants.

Courses

Core Curriculum

    • MENG 540: Management of High Tech Industries (3 credits)
    • MENG 570: Business Fundamentals for Engineers (3 credits)
    • MENG 550: Internship or Project (0 credits)
    • MENG 551: Internship/Project Assessment (0 credits)
  • Choose one from each of three areas:

    Mathematical Modeling & Optimization

    • CEE 690: Numerical Optimization
    • PHYS 513: Nonlinear Dynamics
    • MATH 551: Applied Partial Differential Equations and Complex Variables
    • MATH 555: Ordinary Differential Equations
    • MATH 561: Numerical Linear Algebra, Optimization and Monte Carlo Simulation
    • MATH 577: Mathematical Modeling
    • Or another Engineering, Math, or Physics course at the 500 level or above with significant mathematical modeling or optimization content (approval required)

    Valuation, Assessment & Decision-Making

    • CEE 679: Environmental Engineering Project Management
    • ENERGY 590: Applied Energy Economics
    • ECON 753: Natural Resource Economics
    • ENVIRON 520/521: Resource and Environmental Economics
    • ENVIRON 638: Environmental Life Cycle Analysis & Decision
    • ENVIRON 717: Markets for Electric Power
    • ENVIRON 640: Climate Change Economics
    • Or another Engineering, Economics, or Environment course at the 500 level or above with significant economic, evaluation, or decision content (approval required)

    Policy Analysis

    • PUBPOL 504: Counterterrorism Law and Policy
    • PUBPOL 505S: National Security Decision-Making
    • PUBPOL 580S: Water Cooperation and Conflict
    • PUBPOL 582: Global Environmental Health: Economics and Policy
    • PUBPOL 583S: Energy and U.S. National Security
    • PUBPOL 585: Climate Change Economics and Policy
    • PUBPOL 607: Cost-Benefit Analysis for Health and Environmental Policy
    • LAW 590: Risk Regulation
    • Or another Engineering, Public Policy, or Law course at the 500 level or above with significant policy or law content (approval required)
    • CEE 551: Risk and Resilience Engineering (3 credits)
    • EGRMGMT 580: Decision Models

Specialization Courses

Choose three courses in one of four specializations—9 credits

    • CEE 575: Air Pollution Control Engineering
    • ENERGY 716: Modeling for Energy Systems
    • ENERGY 711: Energy and the Environment
    • ENERGY 630: Transportation and Energy
    • ENERGY 631: Energy Technology and Impact on the Environment
    • ENERGY 635: Energy Economics and Policy
    • EOS 512: Climate Change and Climate Modeling
    • Or another Engineering, Energy, or Earth Science course at the 500 level or above with significant energy or climate system content (approval required)
    • CEE 560: Environmental Transport Phenomena
    • CEE 561: Environmental Aquatic Chemistry
    • CEE 563: Fate and Behavior of Organic Contaminants
    • CEE 571: Control of Hazardous and Toxic Waste
    • CEE 581: Pollutant Transport Systems
    • CEE 667: Chemical Transformations of Environmental Contaminants
    • CEE 683: Groundwater Hydrology and Contaminant Transport
    • CEE 684: Physical Hydrology and Hydrometeorology
    • ENVIRON 539: Human Health & Ecological Risk Assessment
    • ENVIRON 563: Cost-Benefit Analysis for Health and Environmental Policy
    • Or another Engineering or Environment course at the 500 level or above with significant environmental, public health, or engineering content (approval required)
  • Two courses from electives list for the:

    One course from among:

    • ECON 571: Financial Markets and Investments
    • ECON 572: Asset Pricing & Risk Management
    • ECON 623: Forecasting Financial Markets
    • ECON 671: Financial Markets and Investments
    • ECON 672: Empirical Methods in High-Frequency Financial Econometrics
    • ECON 673: Mathematical Finance
    • ECON 674: Financial Derivatives
    • ECON 678: Derivatives for Speculation and Risk Management
    • ECON 823: Forecasting Financial Markets
    • Or another Engineering, Financial Technology, or Economics course at the 500 level or above with significant quantitative finance content (approval required)
    • CEE 525. Wave Propagation in Elastic and Poroelastic Media
    • CEE 621. Plasticity
    • CEE 642. Environmental Geomechanics
    • CEE 520. Continuum Mechanics
    • ME 527. Buckling of Engineering Structures
    • ME 555. Computational Materials Science
    • ME 742. Nonlinear Mechanical Vibration
    • BME 590. Viscoelastic Biomechanics
    • Or another Engineering course at the 500 level or above with significant materials or structural content (approval required)

Typical Study Plan

3 Semesters, or About 11/2 years

CategoryFall 1Spring 1Summer 1Fall 2
Industry Preparation CoreMENG 570 Business Fundamentals for EngineersMENG 540 Leadership & Management Principles for Technology-Based OrganizationsMENG 550 Internship or ProjectMENG 551 Internship/Project Assessment
Uncertainty, Risk & Systems Engineering CoreEGRMGMT 580 Decision Models CEE 690: RiskCEE 690: Risk and Resilience Engineering
Methodology CoreMathematical Modeling & Optimization CourseValuation, Assessment & Decision-Making CoursePolicy Analysis Course
SpecializationSpecialization Course 1Specialization Course 2Specialization Course 3

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Program Director