Master's Degrees in Risk Management
Risk is the enemy of any corporation. Risk comes in the form of bad hiring decisions, product malfunction, wasteful spending, and all kind of litigation. So companies spend a great deal of time and resources trying to limit risk. As a result, there are ample opportunities for experienced risk managers. If you'd like to pursue a career as a risk manager, a master's degree in risk management provides an advanced education to launch your career. A master's degree in risk management teaches you to identify and manage threats that could severely impact or injure the organization. A master's degree in risk management is a two to three-year graduate degree that qualifies you for an advanced position in risk management or can be used as a steppingstone to a doctorate degree in a related field. Risk management is usually covered in finance and accounting programs, and those have been the standard degrees for financial risk managers. Yet many employers seek candidates with an advanced degree in risk management or a related degree, including economics or finance.
Master's Degree in Risk Management Success Factors
Earning a master's degree in risk management requires that you have knowledge of international finance and law, are a creative thinker and problem-solver, have a high aversion to risk, are able to solve financial problems, are comfortable with the latest computer technology, possess strong interpersonal and communication skills, and foster teamwork.
Master's Degree in Risk Management Curriculum
In addition to advanced coursework in the field of risk management, you may be required to complete a master's thesis and/or a comprehensive examination, also known as comps. A master's thesis in risk management is an extensive research paper on a significant topic in the field of risk management, while comps involve extensive testing of all the subjects pertinent to the field of risk management. The courses you take while earning a master's degree in risk management include product risk, professional and environmental risk, and property, liability, and insurance relating to risk management.
Risk Management Jobs
A master's degree in risk management is an advanced educational credential that will qualify you for most careers in the field of risk management. Risk management professions are found in financial management, personal financial advising, and careers in insurance. People who graduate with a master's degree in risk management find a vast job pool in risk management, most commonly in the financial sector as insurance sales agents, consultants, management analysts in corporate departments dedicated to risk management, loss prevention specialists, operations managers, accounting specialists, financial analysts, and insurance company actuaries.