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Information on Graduate Degree Programs in Risk Management

Majors Overview June 12, 2015

This article talks about graduate degree programs in risk management and their education requirements, coursework, career choices, and job and wage outlook.

Information on Risk Management Programs

Few schools, if any, offer specific risk management master’s programs. However, degrees in other areas with a concentration in risk management are awarded by many schools. For instance, there may be a risk management emphasis incorporated within a master’s degree program in business administration. With the primary focus of courses on organizational behavior and advanced business theories, a clearer understanding of estate planning, market forecasting, and risk financing may be gained by students. Those keen on risk management education may seek doctoral degrees in this specialization. Coursework may cover topic areas such as economics, business intelligence, and corporate insurance. Students can expect to become adept at detecting fraudulent financial statements and mitigating liabilities. Schools often require a dissertation. A bachelor’s degree is a requirement for admission to both programs.

Master’s Programs in Business Administration Concentrating in Risk Management

The professional practice and academic subject called risk management employs theories and techniques aimed at limiting threats. Coursework in Master of Business Administration (M.B.A.) degree programs is devised to offer comprehensive instruction about risk management, including insurance, risk financing, and market forecasting.

Coursework related to the finance and insurance areas delves into management of employee benefits, actuarial science, and estate planning. Courses in MBA programs in Risk Management involve paying special attention to the techniques and concepts needed to forecast economic conditions and investment markets.

Education Requirements

Admission criteria typically require incoming students to hold a bachelor’s degree from an accredited school, in addition to completing an application and paying a processing fee.


Core coursework may cover topic areas such as:

•Organizational behavior
•Corporate financial planning
•Corporate insurance
•Employee benefits planning
•Supply chain management

Career Choices

Program graduates can seek occupations in money management and insurance. They can choose from possible job options such as:

•Fund manager
•Insurance purchaser
•Insurance salesperson
•Fraud examiner

Doctoral Programs in Risk Management

Business colleges and schools are among those who offer doctorates in risk management. The primary focus of advanced risk management education is on limiting financial liabilities. Coursework includes topic areas such as insurance, regulation, and fraud. Coursework focuses on the discovery of fraud in financial statements and management of insurance accounts. A research dissertation based on original research has to be produced by most doctorate students before they graduate from the program.

Education Requirements

Admission criteria typically require incoming students to hold a bachelor’s degree from an accredited school. An application and processing fee apart, an interview with admission counselors or alumni may also be part of the admission process. Incoming students to a highly selective program may already possess professional or graduate degrees.


Core coursework may cover topic areas such as:

•Corporate information security
•Risk and Insurance fundamentals
•Business intelligence
•Advanced database management
•Project management

Job and Wage Outlook

Program graduates may seek occupations in the insurance and finance industries, or use it to help prepare for career advancement or run their businesses. In 2014, managers holding general MBA degrees brought in an average annual wage ranging between $51,214 and $135,972.

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