Master's Degrees in Risk Management: Program Overviews

Explore master's degree programs that are related to risk management here. Learn about program prerequisites, potential coursework and popular career options.

View 15 Popular Schools »

Essential Information

Risk management involves the identification, assessment, and management of financial, legal, and other types of risks within organizations. Students interested in this field can pursue a Master of Business Administration (MBA) or a Master of Science in Management with a specialization in risk management. The core courses in these programs cover essential business topics, including macroeconomics, accounting and organizational behavior, with specialization coursework in risk evaluation, risk modeling techniques and related topics. MBA programs are often available in both part-time and full-time formats and can be completed either on-campus or online. A relevant bachelor's degree and acceptable GMAT scores are often required for entry to either type of program.


Master of Business Administration with a Concentration in Risk Management

Master of Business Administration (MBA) programs that offer a concentration in risk management are primarily designed for students who already have professional experience in the field. MBA students are trained for management positions in areas such as human resources, statistics, technology, forensic accounting, and insurance. A master's degree program in risk management typically takes one to two years to complete and may be offered on-campus, online, or through a combination of both.

Education Prerequisites

Admission requirements for MBA programs can vary; however, applicants must have completed a bachelor's degree. Some programs require a minimum GPA of 2.5, as well as a professional resume, letter of recommendation, and college-level coursework that illustrates a strong foundation in business or risk management.

Program Coursework

MBA students develop analytical and assessment skills used in risk management through courses such as the following:

  • Financial issues in risk management
  • Property and product risks
  • Cultural aspects of international business management
  • Business ethics
  • Research methods for measuring risks

Popular Career Options

Graduates of risk management master's programs may be eligible for high-level risk management careers, such as the following:

  • Human resource specialist
  • Senior risk analyst
  • Risk management counselor
  • Corporate risk officer

Master of Science in Management with a Specialization in Risk Management

Master of Science (M.S.) in Management programs provide a customized, research-based education in risk management. These programs typically focus on theories and applications used in insurance and risk management, while helping students develop their quantitative and qualitative thinking and research skills. Subtopics in risk management, including insurance regulation, public policy, and employee benefits, are also discussed during M.S. programs in this field.

Education Prerequisites

Undergraduate coursework in related fields, such as economics, finance, business and mathematics, is usually required for admission to an M.S. in Management program. Many programs also consider GMAT scores, as well as any business, management, or leadership experience.

Program Coursework

Students develop critical-thinking skills used in risk management through master's level courses such as the following:

  • Risk fundamentals
  • Risk management modeling
  • Computing methods in risk
  • Company operations

Popular Career Options

There are a variety of careers options available to graduates of M.S. programs that concentrate in risk management, including:

  • Chief compliance officer
  • Financial planner
  • Portfolio risk management specialist
  • Senior underwriter

Continuing Education

Graduate certificate programs can enhance a master's degree in risk management. These programs provide specialized training in a variety of risk management topics, such as systems analysis, information systems management, and health care risk management.

Show me popular schools

Related to Master's Degrees in Risk Management

  • Related
  • Recently Updated
  • Popular
Risk Management MBA Programs: List of Schools

Read about top-ranked schools that offer Master of Business Administration degree programs with risk management...

Risk Management Major: Information and Requirements

Risk management professionals are employed by companies or individuals to manage risk and limit exposure to financial...

MBA in Risk Management: Degree Info

Look into the requirements and topics that comprise a Master of Business Administration (MBA) program with a concentration in...

Risk Management Graduate Programs: Degree Options

Learn about graduate degree programs that emphasize risk management. Explore master's and doctoral program options, including...

IT Risk Management Certification and Training Program Information

Popular Schools

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning

    What is your highest level of education completed?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning

    Online Programs

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    • Currently not accepting applications from Texas residents
    School locations:
    • Online Learning

    Which subject are you interested in?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning

    Online Programs

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning
    • Florida (1 campus)

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning

    When are you looking to start classes?

  • Minimum eligibility requirements:
    • Masters degree applicants must have a Bachelors degree
    • Doctorate degree applicants must have a Masters degree
    School locations:
    • Online Learning

    Online Programs

    What is your highest level of education?

  • Minimum eligibility requirements:
    • All degree applicants must have a Bachelors degree or higher
    • Post-Master's Certificate degree applicants must have a Masters degree or higher
    School locations:
    • Maryland (1 campus)

    Classroom-Based Programs

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must be at least 16 years old and have a high school diploma or GED.
    School locations:
    • Online Learning

    Online Programs

    • Master

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning
    • Alabama (1 campus)
    • Arkansas (1)
    • Arizona (2)
    • California (5)
    • Colorado (2)
    • Columbia (D.C.) (1)
    • Florida (4)
    • Georgia (4)
    • Hawaii (1)
    • Iowa (1)
    • Idaho (1)
    • Illinois (1)
    • Indiana (1)
    • Kentucky (1)
    • Louisiana (2)
    • Massachusetts (1)
    • Maryland (1)
    • Michigan (1)
    • Minnesota (1)
    • Missouri (2)
    • Mississippi (1)
    • North Carolina (1)
    • New Mexico (1)
    • Nevada (1)
    • Ohio (1)
    • Oklahoma (2)
    • Oregon (1)
    • Pennsylvania (1)
    • Puerto Rico (1)
    • South Carolina (1)
    • Tennessee (3)
    • Texas (5)
    • Utah (1)
    • Virginia (3)
    • Washington (1)
    • Wisconsin (1)

    Online and Classroom-Based Programs

    • Master
        • MBA in Accounting
        • MBA in Finance
        • Master of Health Administration/Master of Business Administration/Project Management
        • MBA
        • Master of Health Administration/Master of Business Administration/Sustainability Management
        • Master of Health Administration/Master of Business Administration

    Do you prefer online or campus based learning?

Popular Schools

Avg. Wages For Related Jobs

Source: Bureau of Labor Statistics