Overview of Programs
Risk management professionals are responsible for protecting businesses from catastrophic losses by assessing and anticipating the potential risks involved in business decisions. Bachelor's and master's programs in risk management are usually offered through 4-year colleges and universities and are available fully online or in hybrid format. Students may need to attend orientation for these programs depending on the school, and some graduate programs may require a seminar or capstone course.
Bachelor's Degree in Risk Management
A distance learning bachelor's degree in risk management educates students in the economic, legal and financial theories at the heart of risk management. Students gain the tools and strategies they need to work in this field and understand the framework of how businesses work. Bachelor's-level courses prepare students to begin a career in risk management or continue their education at the graduate level.
Master's Degree in Risk Management
A master's degree in risk management educates students in a variety of risk theories about profit, prevention and loss. These advanced, graduate-level degree programs may focus on practical applications of risk management principles, which are often of the most value to students with professional experience. Graduates of this degree program can find careers in underwriting, brokerage, asset management, corporate risk management and legal administration.
Topics of Study
Risk management students receive instruction on a variety of topics in such areas as insurance and financial benefits. In addition, graduate programs often include studies in business administration. Common subjects studied include the following:
- Casualty insurance
- Loss adjustment
- Property insurance
- Worker compensation
- Compliance legislation
- Commercial property risk management
- Commercial liability risk management
How Online Learning Works
Distance learning programs may combine asynchronous and synchronous formats, allowing students to work at their pace for some studies while also integrating mandated virtual class attendance. Graduate programs may integrate residency components, which may require students to attend campus at the start of the program for an orientation and introductory seminar and necessitate their return to campus for completion of a capstone course.
Online risk management bachelor's and master's degree programs can be completed entirely online with the exception of a possible capstone or seminar for graduate students. Throughout these programs, students study insurance, financial benefits and business administration to prepare for a wide range of career opportunities in fields such as underwriting, brokerage and legal administration.