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
  • Actuary
  • 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:

  • 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

  • George Mason University

    George Mason University responds quickly to information requests through this website.

    Popular programs at George Mason University:

    • Master

    Online Programs Available

  • Georgetown University

    Georgetown University responds quickly to information requests through this website.

    Popular programs at Georgetown University:

    • Master

    Online Programs Available

  • American University

    American University responds quickly to information requests through this website.

    Popular programs at American University:

    • Master

    Online Programs Available

  • Johns Hopkins University

    Johns Hopkins University responds quickly to information requests through this website.

    Popular programs at Johns Hopkins University:

    • Master

    Online Programs Available

  • Benedictine University

    Benedictine University responds quickly to information requests through this website.

    Popular programs at Benedictine University:

    • Master

    Online Programs Available

  • Saint John's University

    Saint John's University responds quickly to information requests through this website.

    Popular programs at Saint John's University:

    • Master

    Online Programs Available

  • Widener University

    Widener University responds quickly to information requests through this website.

    Popular programs at Widener University:

    • Master

    Online Programs Available

  • University of the Rockies

    University of the Rockies responds quickly to information requests through this website.

    Popular programs at University of the Rockies:

    • Master

    Online Programs Available

  • Saint Mary's University of Minnesota

    Saint Mary's University of Minnesota responds quickly to information requests through this website.

    Popular programs at Saint Mary's University of Minnesota:

    • Master

    Online Programs Available

  • Colorado State University Global

    Colorado State University Global responds quickly to information requests through this website.

    Popular programs at Colorado State University Global:

    • Master

    Online Programs Available

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