What Is the Curriculum of an MBA Degree in Risk Management?
The curriculum of an MBA program in risk management may include courses in fraud detection, crisis management and quantitative business modeling. Read on to learn more.
An Overview of Risk Management
A concentration in risk management is available as part of many MBA programs. Students who focus on risk management learn how to address issues involving risk, including assessment and mitigation. They also study the ethics and governance involved in this area. Risk management can be valuable to those who plan on working in areas of insurance, financial services or investment banking. While many schools vary in their degree requirements, most programs share common core coursework in their curricula.
Important Facts About MBA Programs in Risk Management
| Prerequisites | Undergraduate Degree |
| Online Availability | Yes |
| Continuing Education | Ph.D. in Risk Management and Insurance |
| Possible Careers | Risk management analyst, underwriter, compliance officer |
| Median Salary (2021) | $76,390 (for all insurance underwriters) |
| Job Outlook (2021-2031) | 4% decline (for all insurance underwriters) |
Source: U.S. Bureau of Labor Statistics
Curriculum Options
The following are typical course topics found in MBA degree programs specializing in risk management.
- Corporate risk management covers the techniques used in business to manage risks and meet objectives that occur in both the financial and operational aspects of risk management. In addition, students learn how to identify and analyze risks within a management framework.
- Investments is an essential part of managing risk factors. This course focuses on the various aspects of proper investing, including portfolio theory and derivative securities
- Project Management prepares students for the many issues faced when coordinating a project. Coursework teaches students how to visualize, organize, plan, and carry out a project.
- Valuation introduces students to the practice of valuing corporations and enterprises. Topics include analyzing financial statements, estimating various financial outcomes, and predicting future expenses.