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Degree Overview: Master of Business Administration (MBA) Degree in Risk Management

Majors Overview May 21, 2015

Get information about Master of Business Administration (M.B.A.) degree programs in Risk Management and their education requirements, coursework, career choices, wage outlook, and continuing education choices.

Master of Business Administration (M.B.A.) Programs in Risk Management

Businessmen and women who complete a risk management specialization within the Master of Business Administration (M.B.A.) degree can expect to be adept at managing and reducing organizational liability. Apart from standard business coursework, topic areas such as financial risk and insurance risk management are also covered. Hands-on training opportunities, including field experiences, are included in some programs, in addition to classroom lectures. Students typically complete these programs in two years. Graduates can usually seek opportunities in corporate risk management and insurance brokerage.

Education Requirements

Admission criteria typically require incoming students to hold a bachelor’s degree. Although a bachelor’s degree could be in any major, some schools expect candidates to have at least two years of business-related work experience. Students may also need to submit scores from the Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE).

Coursework

Coursework is devised to impart advanced business knowledge in management, marketing and finance, as relating to risk financing, employee retention, general liability and insurance. Schools typically expect students to take business courses in managerial accounting, organizational behavior, and resource management. Programs can be for those interested in risk theory and insurance underwriting.

Students learn about the financial impact of group insurance, pensions, and employee benefits, in addition to risk management as applicable to financial derivatives, options strategies, and speculative markets. Participation in a practicum or internship experiences may also be included. Core coursework may cover subject areas such as:

•Financial analysis
•Corporate risk management
•Investments
•Business ethics
•Worker benefits
•Corporate finance
•Supply chain design

Career Choices

Program graduates can seek jobs in the liability departments of various businesses, in addition to consulting firms and insurance firms. As MBA programs feature topics in general business, graduates are trained to seek opportunities in several business-oriented positions such as management, human resources, marketing and finance. They may pursue possible job titles such as:

•Organizational planning director
•Benefits and wage manager
•Labor relations manager
•Risk management consultant
•Inventory administrator

Wage Outlook

In December 2013, risk management consultants brought in an average annual wage of $78,009. Over the same time-period, labor relations managers and inventory managers earned respective average annual wages of $94,244 and $44,550.

Continuing Education Choices

Program graduates may seek continued education to broaden their career options by enrolling in graduate certificate programs whereby their resume will grow, and they can stay informed about current business trends. MBA graduates can avail certificate programs such as specializations in marketing, management, information systems, and finance.

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  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
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  • Listed as one of America’s Best Colleges by Forbes Magazine in 2014.
  • More than 97% of tenure-track faculty holds a terminal degree in their field.
  • Student to faculty ratio of 15:1, and 47.5% of classes have fewer than 20 students.
  • Accredited by The Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
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  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
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