Online Risk Management MBA Degree Programs

An online risk management MBA degree program is applicable various sectors of business.

Risk management is focused on identifying risks, assessing the seriousness of the risk and then determining ways to address them so as to mitigate them in the future. Risk management is important to businesses that are focused on risk analysis, risk mitigation, and risk management. As businesses continue expanding and become increasingly global, having trained and experienced professionals remains an important of running businesses successfully. The process of analyzing and avoiding risk can save a company hundreds of thousands or millions of dollars. Careers in risk management require employees to be able to predict and identify potential risks that a organizations, companies, and businesses may face, and respond to the concerns as appropriate. The overall goal is to identify potential risks and to be able to address them as they occur.

Online Risk Management MBA Programs

Walden University

• Master of Business Administration (M.B.A.) - Risk Management

Colorado Technical University Online

• Insurance and Risk Management

Kaplan University

• Risk Management Certificate

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Risk Management Training and Education

Risk management MBA degree programs online requirements vary by the particular college or university, but in general risk management courses may include finance, economics, accounting, business statistics, conflict resolution, loss prevention, public relations, financial forecasting, budgeting, marketing, business communication, business leadership, and organizational management.

Students in actuarial science and risk management degree programs take also take courses in international business, mathematics, financial engineering, loss models, and investment banking. Other courses may include: Forecasting theory, quantitative and non-quantitative risk measurement methods , secondary data analysis, and computer-based research methodology, and development of risk tables.

Specific risk management classes and topics may include in risk prevention, risk prevention planning, labor law, security management theory, industrial safety, auditing, workers compensation, compliance legislation, public emergency services, and managing environmental hazards. Other courses might include:

• Insurance relating to risk management
• Actuarial science
• Property, liability, and product risk
• Professional and environmental risk
• Accounting
• Financial auditing

Risk Management Careers

Risk management courses provide MBA graduates with the theoretical knowledge and practical skills to working in consulting or managerial positions in various public sectors and private businesses. According to the United States Bureau of Labor Statistics (BLS), most actuarial science and risk management professionals work in the field of insurance.

Others work in project management, fraud management, and financial management. With an online risk management MBA degree one can work in various areas in the financial sector. This includes financial management, personal financial advising, and insurance industry

Expected Salary and Projected Career Growth

According to the United States Bureau of Labor Statistics, financial managers earn around $82,000 a year. Personal financial advisors average around $63,000 annually. Insurance underwriters earn close to $50,000, financial investors earn $75,000, while claims investigators make $48,000 annually.

The employment of actuaries is expected to increase by 21% between 2008 and 2018 while the employment in the insurance industry is projected to grow about 3% during the same period. The median annual wages of actuaries in 2008 was $84,810 and the middle 50% earned between $62,020 and $119,110. The lowest 10 percent earned below $49,150 while the top 10% earned over $160,780. Earning a risk management MBA or related qualifications will therefore give you more options in the employment sector.