Associate Risk Management Certification

Learn how attaining your Associate of Risk Management (ARM) certification can lead to a career in risk management. Get information about certification programs and career outlook. Schools offering Risk Management degrees can also be found in these popular choices.

What Is Risk Management?

Risk management is the act of analyzing information and determining possible problem areas, and then working to minimize or control them. As a risk manager in an insurance or financial industry, you'll look at market trends, regulations, and liabilities to help your company make the best decisions to avoid or power through any issues. This involves creating a foolproof strategy to target perceived threats.

Career ResponsibilitiesObserve market trends and regulations, avoid or solve problems
Certification PrerequisitesCompletion of a bachelor's and 3 IIA courses/exams
Benefits of Certification Potential fellowship at the Risk and Insurance Management Society (RIMS); demonstrate professional proficiency
Median Salary (2018) $85,866 (for all risk managers)*
Job Outlook (2016-2026) 19% growth (for all financial managers)**

Source: *Payscale, **U.S. Bureau of Labor Statistics 

How Do I Become Certified?

Most entry-level positions require candidates with a bachelor's degree in a field such as finance or business, though some universities are now offering degrees specific to risk management and insurance. Some employers may want you to have an MBA. Several schools offer risk management certificate programs for those who already have a degree and would like specific training in this area.

In order to receive an Associate of Risk Management certification, you must take and pass three courses and their respective exams through the Insurance Institute of America. You can find local courses through the organization's website and some may be available online. Colleges and universities may host approved courses, and that will help you prepare for the exams while you're still enrolled; you can even pass the exams and earn certification before you graduate.

There are two additional risk management certifications also offered by the Insurance Institute of America: one for being a public entity (ARM-P), and one for enterprise-wide risk management (ARM-E). To earn these, you must take an additional course and pass another exam.

What Can I Do With My Certification?

Certification enables you to prove to potential employers that you have specifically trained in risk management. ARM certification also completes one of the requirements for becoming a fellow at the Risk and Insurance Management Society (RIMS).

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:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Strayer University

    Strayer University responds quickly to information requests through this website.

    Popular programs at Strayer University:

    • Associate Programs

    Online Programs Available

  • Southern New Hampshire University

    Southern New Hampshire University responds quickly to information requests through this website.

    Popular programs at Southern New Hampshire University:

    • Associate Programs

    Online Programs Available

  • Purdue University Global

    Purdue University Global responds quickly to information requests through this website.

    Popular programs at Purdue University Global:

    • Associate Programs

    Online Programs Available

  • Trident University

    Trident University responds quickly to information requests through this website.

    Popular programs at Trident University:

    • Associate Programs

    Online Programs Available

  • Herzing University

    Herzing University responds quickly to information requests through this website.

    Popular programs at Herzing University:

    Online Programs Available

  • New England College

    New England College responds quickly to information requests through this website.

    Popular programs at New England College:

    • Associate Programs

    Online Programs Available

  • Florida Tech

    Florida Tech responds quickly to information requests through this website.

    Popular programs at Florida Tech :

    • Associate Programs

    Online Programs Available

  • Post University

    Post University responds quickly to information requests through this website.

    Popular programs at Post University:

    • Associate Programs

    Online Programs Available

  • Stanford University

    Campus Locations:

    • California: Stanford
  • Harvard University

    Campus Locations:

    • Massachusetts: Cambridge
  1. 1
  2. 2
  3. Next »