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Degree Overview: Bachelor of Science (B.S.) Degree in Risk Management

Majors Overview May 13, 2014

Individuals or companies employ risk management professionals for the purpose of limiting exposure to and managing the risk of economic downturns. A bachelor’s degree is required for most risk management positions.

Bachelor of Science (B.S.) Degree Programs in Risk Management

Students enrolled in a Risk Management bachelor’s degree program are trained to work with both businesses and individuals; their role is to forecast risk, safeguard against financial loss, and develop plans for handling loss whenever it occurs. The bachelor’s degree program explores risk management theory, in addition to techniques for understanding loss and its effects. Broader studies of business law, global issues, and economic theory are often incorporated in these math-oriented programs. Specialization options are also included in some programs in areas such as life insurance, property risk, and corporate risk management.

Education Requirements

Specific high school coursework is not usually required by schools offering Risk Management programs at the bachelor’s degree level. However, students would benefit from a strong background in math. Admission criteria typically require incoming students to hold a GED certificate or a high school diploma, in addition to submitting SAT or ACT scores.

Coursework

During the risk management program, students complete various theoretical courses covering law, business, insurance, and risk management topics, with internship experience required in some programs. Coursework may commonly include topic areas such as:

•Individual financial planning
•Corporate risk management
•Property and liability insurance
•Principles of risk management
•Legal issues in risk management
•Employee benefits
•Analyzing financial markets

Job and Wage Outlook

In 2010, there were over 527,000 individuals employed as business managers (who, along with finance officers, treasurers, and credit managers, are included among risk managers) across the United States (U.S. Bureau of Labor Statistics). A slower-than-average job growth rate of 9% has been predicted for these experts over the 2010-2020 decade. In May 2012, risk managers and other business managers took home an average annual wage of $109,740.

Continuing Education Choices

Graduates with a bachelor’s degree in risk management may choose from various licensure and certification options that, though not demanded by employers, could boost the employment prospects of these professionals. Among other agencies, the Public Risk Management Association and the American Risk and Insurance Association offer risk management certification. Experts in this field commonly pursue continued education by earning a master’s degree in business administration or risk management, though professional experience is often valued more highly by employers.

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2 Program(s) Found
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  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses
3 Program(s) Found
  • Apply managerial and business processes to information systems.
  • Conduct systems analysis to manage complex projects.
  • Design business intelligence solutions to meet organizational objectives.
  • Analyze complex data to support strategic decision making
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Average class size is 25, allowing for more one-on-one time with instructors.
  • Has a 97% employment rate among available graduates.
  • All  graduates receive Lifetime Employment  Assistance—free and forever.
  • Michigan's largest independent college.
  • Most instructors are working professionals in the fields they teach.
  • Programs are continuously updated to ensure classes are career-relevant and in sync with what's needed in the industry
Show more [+]
  • Accredited
  • Online Courses
  • Accelerated Programs
  • Financial Aid
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated a 2015 Military Friendly School by Victory Media for the 4th consecutive year.
  • Listed on the President’s Higher Education Community Service Honor Roll in 2013, for the sixth consecutive year
  • Links students to hundreds of training opportunities (beyond their traditional internships and practicum) at their many “partner agencies” in each of their local communities.
  • Accredited by the WASC Senior College and University Commission (WUSCUC).
  • Online Courses
  • Financial Aid

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