Risk Management (MBA) Master's Degree
Earning a master's degree in risk management could give you the theoretical knowledge and practical skills to obtain a consultant or managerial position. Learn about the classes required and job opportunities. Schools offering Risk Management degrees can also be found in these popular choices.
What Is a Master's Degree in Risk Management?
A master's degree program in risk management teaches you about casualty and property insurance, loss prevention, liability and risk theory. You also learn management and business theory. The field of study is often available as a concentration within a traditional Master of Business Administration (MBA) program.
Additionally, you can find this degree online. Like on-campus alternatives, these programs typically take 1-3 years to finish. You may participate in discussion forums and communicate with your professor via e-mail correspondence. This degree program commonly culminates in a capstone project - a collaborative endeavor aimed at solving simulated business challenges.
|Key Topics||Risk theory, loss prevention, property insurance, casualty, liability|
|Common Courses||Global economics, decision models, decision models, operations management, compliance legislation|
|Prerequisites||Bachelor's degree is required; standardized test scores and letters of recommendation may also be needed|
|Possible Careers||Compliance supervisor, actuary, risk management specialist, loss control agent, insurance claim manager|
What Will I Learn?
Classes focus on insurance models, labor law, security management theory, industrial safety, auditing and workers compensation. Other topics may include:
- Compliance legislation
- Risk-prevention planning
- Global economics
- Corporate finance structures
- Supervision and motivation
- Strategic management
- Decision models
- Advertising management
- Operations management
- Business communication
What Kind of Prerequisites Are Required?
You need at least a bachelor's degree to be considered for admission, and MBA programs may prefer candidates who have a bachelor's degree in a related area, such as economics, business administration, accounting or finance. Some programs may also prefer applicants who have professional experience. You should expect to submit General Management Admissions Test (GMAT) scores as well as letters of recommendation.
What Kinds of Jobs Can I Get?
As a graduate of an MBA program with a concentration in risk management, you could seek upper-level management and executive positions in a number of industries. You could also start your own business or work as a consultant. The following are examples of jobs you could pursue:
- Risk management specialist
- Compliance supervisor
- Insurance claim manager
- Loss control agent
- Quality control coordinator
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: