Risk Management Diploma

The career field of risk management incorporates accounting and insurance analysis skills for all industries. Learn about short-term diploma and certificate programs in this area of study, and explore the coursework you'd take. Check the availability of online learning options in risk management. Schools offering Risk Management degrees can also be found in these popular choices.

What Is a Risk Management Diploma Program?

Risk management is the process of determining what decisions to make based on the probability that a decision will lead to a favorable or unfavorable outcome. Risk management is an important process in many areas, especially in the insurance business. As related to insurance, risk management is the process of determining what the risk is when insuring certain individuals or companies. Risk management typically involves assessing the worth of property and determining its likelihood of retaining its value against its chance of coming to damage in some way.

If you would like to study risk management but do not want to commit to an associate's or bachelor's degree program, you can enroll in a certificate or diploma program. A diploma program generally takes longer, but provides more in-depth instruction than a certificate program. For either program, you first need to earn a high school diploma or GED certificate. After you earn a diploma, you may want to consider moving on to an associate's or bachelor's degree program to earn a degree and further your career options.

Program PrerequisitesHigh school diploma or GED
Common Course TopicsLiability, health insurance, insurance law, risks of large organizations, risk transfers
Online AvailabilityUndergraduate programs are generally not online; graduate certificate programs are available online
Job Outlook (2016-2026) 19% growth (for all financial managers)   
Median Salary (2018) $127,990 (for all financial managers

Source: U.S. Bureau of Labor Statistics 

What Courses Will I Take?

A diploma program in risk management typically includes course topics in property and liability, accounting, corporate risk management and health insurance. You also learn about insurance laws, regulations and ethics, as well as the duties of an insurance agent. Classes specific to risk management teach about managing the risks of large organizations, reinsurance, risk transfers and current issues in risk management.

Are Online Options Available?

Though some diploma programs in risk management offer individual courses online, complete programs in risk management are rare at the undergraduate level. At the graduate level, graduate certificate programs in for risk management are available. Courses in an online graduate program may cover long-term risk management planning, mitigation, risk assessment and crisis recovery. This preparation can help you prepare to enter a complete master's degree program in a related field; some programs may even let you apply your credits to the master's degree program.

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:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Ashford University

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  • Capella University

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    Popular programs at Capella University:

    • Doctoral
    • Master
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  • Southern New Hampshire University

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

    Popular programs at Southern New Hampshire University:

    • Master
    • Bachelor Degrees
    • Associate Programs

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  • Purdue University Global

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

    Popular programs at Purdue University Global:

    • Master
    • Bachelor Degrees
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  • Full Sail University

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  • Georgetown University

    Georgetown University responds quickly to information requests through this website.

    Popular programs at Georgetown University:

    • Master

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  • Liberty University

    Liberty University responds quickly to information requests through this website.

    Popular programs at Liberty University:

    • Doctoral
    • Master

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  • Northcentral University

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    Popular programs at Northcentral University:

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  • Regent University

    Regent University responds quickly to information requests through this website.

    Popular programs at Regent University:

    • Master

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