Risk management professionals are essential to modern business. The process of analyzing and avoiding risk can save a corporation millions of dollars, and hiring managers typically prefer candidates talent with prior work experience or a strong educational background.
Though a bachelor's degree in finance or accounting used to be the standard for financial managers, the Bureau of Labor Statistics reports that employers have begun seeking candidates with a risk management MBA or a related degree, including master's degrees in economics or finance.
Securing a risk management MBA online gives you the ability to learn the details of risk management at your own pace. Typical courses might include the following topics:
- Insurance relating to risk management
- Property, liability, and product risk
- Professional and environmental risk
No degree program can guarantee a certain salary or career; however, an online risk management MBA might lead to a number of jobs in the financial sector, including financial management, personal financial advising, and careers in insurance. Financial managers reported average earnings of $81,800 to the BLS in 2004, personal financial advisors averaged $62,700, and nonsupervisory workers in the insurance industry brought home an average of $756 a week.