A Master of Business Administration (MBA) program with a concentration in risk management trains students to identify and minimize potential risks involving public and private sector organizations. These programs usually take up to two years to complete and they can be found through the business schools of top universities. Risk can arise from causes as varied as shaky financial markets, liability in legal matters, and injury from accidents, natural causes or attacks, among others. The University of Pennsylvania, the University of Texas at Austin, and the University of Wisconsin - Madison all offer MBA specializations in risk management. Each of these schools was nationally ranked by U.S. News and World Report for 2020.
University of Pennsylvania in Philadelphia, PA
The University of Pennsylania's Wharton School houses 10 academic departments and over 20 research centers and initiatives. The Wharton School offers an MBA in Insurance and Risk Management and an Insurance and Risk Management major and concentration, which focuses on the techniques of corporations, individuals, and organizations in minimizing loss with exposure to risk. A concentration is also offered in Risk Management. The school was ranked #1 among best business schools by U.S. News and World Report for 2020.
University of Texas at Austin
The University of Texas at Austin is home to the Center for Risk Management and Insurance, which produces research that is imperative to the public policy of risk analysis and risk management. McCombs School of Business at the University of Texas at Austin offers a course in Strategic Energy Sourcing & Risk Management, which focuses on crucial topics to the business of energy sourcing. The school's Center for Risk Management and Insurance provides Risk Management courses at the undergraduate and graduate level. As of 2020, the school ranked tied at #19 for its graduate-level business program, according to U.S. News and World Report.
University of Wisconsin - Madison
For 2020, the University of Wisconsin's graduate-level business program was ranked tied at #35 by U.S. News and World Report with a #22 ranking for its part-time MBA program. At the University of Wisconsin, the Wisconsin School of Business offers an MBA with a specialization in Risk Management and Insurance. After completing the core educational courses, students pursue studies that are focused on reducing organizational risks, particularly in the insurance industry. Even though MBA programs that offer concentration options in risk management are relatively rare, there are a few top schools with relevant offerings in this specialized field.