Risk Management Major

Learn about bachelor's degree programs in business administration with a specialization in risk management, including online degree options. Find out the employment outlook and salaries for careers in risk management. Schools offering Risk Management degrees can also be found in these popular choices.

Are There Any Prerequisites for a Risk Management Major?

Risk management isn't typically offered as a major, but rather as a specialization within a bachelor's degree program in business administration. Before taking risk management courses, most schools require you to complete various business and general education classes covering topics like statistics and finance. You'll typically study concepts related to your risk management specialization by the third or fourth year of your business major.

Prerequisites Completion of business and general education courses is typically required
Common Courses Economics, organizational behavior, project management, risk assessment
Possible Careers Insurance agent, risk management analyst, claims adjuster
Learning Environments Financial analyst, professional accountant, financial consultant, transaction services associate, asset manager

What Courses Are Available?

Risk management courses explore insurance-related issues like property damage, employee benefits and workers compensation. You'll learn how to assess risks to a business, like fire or flooding. You'll also learn to tailor an insurance plan to a company's needs and control insurance costs according to exposure and liability. You'll be expected to take business courses in organizational behavior, project management and macroeconomics.

What Careers Can I Get?

With a specialization in risk management, you might find work as a claims adjuster, risk management analyst or insurance agent. Claims adjusters assess property damage and estimate total repair costs; risk management analysts examine the risks associated with different functions of various businesses. Insurance agents are primarily concerned with selling life, auto and health insurance.

In 2016, claims adjusters made between $32,000 and $75,000, while risk management analysts earned between $41,000 and $92,000, as reported by Payscale.com. Insurance agents took in between $23,000 and $66,000 during the same period.

Are Programs Available Online?

There are a limited number of online business administration bachelor's degree programs with a focus in risk management. Because course content is delivered using streaming audio and video applications, you'll need a computer with Internet access. Some schools may require you to attend campus orientation sessions or summer seminars, while others will ask that you complete general education or business courses at another university before enrolling.

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

  • Purdue University Global

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  • Colorado Christian University

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  • Southern New Hampshire University

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  • Regent University

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  • Capella University

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  • New England College

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  • Independence University

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