Graduate courses in risk management are usually available through Master of Business Administration (MBA) programs or online Master of Science (MS) programs. These programs are frequently offered by 4-year colleges and universities. The specialized curriculum trains students to handle challenges, evaluate risks, assess hazards and communicate effectively.
Many of these programs are available completely online, though some may require on-campus residencies or in-person field experiences. Because distance learners take courses when it's convenient for them by logging into a virtual classroom containing assignments, lectures and supplemental materials, students can continue to work full-time and study at their convenience. Interaction and class discussions take place in forums or chat rooms. These programs may take 2-3 years to complete. Prospective students must have bachelor's degrees and may be required to submit resumes with relevant work experience.
Master of Business Administration Degree - Risk Management Specialization
Students who have completed a bachelor's degree in risk management or a related field, such as insurance, might consider an online MBA program with a concentration in risk management.
Students may have coursework in the following areas:
- Forensic accounting
- Human resource management
- Fraud management
- Legal issues in business
Master of Science in Management - Risk Management Specialization
The online Master of Science in Management program includes a risk management concentration for students interested in a career in the insurance field. The online courses help students develop the critical thinking skills used in the insurance and risk management industry.
Students gain master's-level training in the following areas:
- Fundamentals of risk
- Company operations
- Financial planning
- International risk management
- Risk management strategies
Online master's degree programs in risk management combine coursework in business and law so that students can develop the skills necessary to develop financial strategies that minimize compliance risks. The online format is particularly convenient for working professionals looking to specialize in this field without giving up their full-time jobs to study on campus.