Graduate Degrees in Risk Management

In an advanced risk management degree program, you can learn about the principles of risk management as well as prepare for a career as a risk management executive or researcher. Find out what kinds of graduate degree programs offer a focus on risk management, and learn about the topics covered in these programs, common course titles and admissions requirements. Schools offering Risk Management degrees can also be found in these popular choices.

What Types of Graduate Degrees Are Available in Risk Management?

You can earn a Master of Science (M.S.), Master of Business Administration (MBA), or Doctor of Philosophy (Ph.D.) degree in risk management. Additionally, you can find risk management degrees in a number of different fields, but the most popular field is finance with an emphasis in insurance. For this reason, most risk management programs are found in business schools.

Degree Options Master of Science (M.S.), Master of Business Administration (MBA), Doctor of Philosophy (Ph.D.)
Admission Requirements Bachelor's degree and GMAT or GRE scores for all programs; master's degree for doctoral studies; work experience for MBA programs
Study Topics Sources of risk, techniques used to manage risk, decision-making strategies, principles of risk management
Common Courses Financial risk management, derivative markers, economics of global finance, applied statistics, principles of insurance
Career Options Finance professional, risk management professional, researcher, college professor
Median Salary (2018) $74,470 (for all post-secondary teachers )
Job Outlook (2016-2026) 15% growth (for all post-secondary teachers )

Source: U.S. Bureau of Labor Statistics 

Are There Any Prerequisites?

For all degrees, you'll need at least a bachelor's degree before being considered for admission. Doctoral degrees may require you to have a master's degree, and MBAs will likely require you to have work experience. You should also expect to submit a resume, GMAT or GRE scores, letters of recommendation and a personal statement.

What Can I Learn in These Programs?

The goal of risk management is to identify, evaluate and reduce risks for organizations. You'll learn about the sources of risk and the forces than influence them. You'll also learn how risks influence decision makers and how decisions influenced by risk affect the public. Finally, you'll learn techniques used to manage risks. The principles of risk management will likely also be a part of your course of study, and you'll learn how to create value, integrate with an organization's processes, approach uncertainty and incorporate appropriate information. Other tasks you'll learn to perform include tailoring risk management tactics to specific organizations, considering human factors, responding to change and developing systems for continuous improvement.

What Classes Will I Take?

Coursework in these programs combine business, statistics and economics classes. Here are a few courses that might appear in the curriculum:

  • Valuation of financial assets
  • Risk management modeling
  • Derivative markers
  • Financial risk management
  • Principles of insurance
  • Applied statistics
  • Economics of global finance
  • Property and liability
  • International risk and insurance

What Jobs Do These Degrees Lead To?

An M.S. degree takes 1-2 years to complete and qualifies you to work as a risk management or finance professional. An MBA takes 2-3 years to complete and could qualify you to work in risk management fields in a management or executive capacity. Lastly, a doctorate takes 3-5 years to complete and can lead to work as a researcher or college professor.

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

  1. 1
  2. 2
  3. Next »