Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

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.

Showing schools in your area

Matching School Ads
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Showing schools in your area

Matching School Ads
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!