Featured Online Risk Management MBA Schools
Walden University - Master of Business Administration (M.B.A.) - Risk Management
Brandman University - MBA in Business Administration - Health Risk Crisis Com
Colorado Technical University - Master of Business Administration - Insurance Risk Management
Walden University International - Master of Business Administration (M.B.A.) - Risk Management
An online Master of Business Administration in risk management teaches students how to prevent financial loss through proper operations controls and financial investment. Students who study in risk management MBA online programs are needed in turbulent corporate environments. Thus, students who graduate from online MBA risk management programs are well suited for corporate employment, especially when the schools are accredited by the Association to Advance Collegiate Schools of Business (AACSB).
Those interested in an online MBA in risk management will learn about managing financial risk in corporate and organizational settings, both at the local and international levels. Students enrolled in programs with high online risk management MBA rankings learn about case studies in financial enterprise management, investment brokerage and insurance. Most coursework in an MBA risk management online program tends to cover advanced topics in corporate management, including operations, marketing and accounting.
Finance, management and statistics are some typical topics of interest to students in top MBA online risk management programs.
Many online MBA risk management students also have the following characteristics:
Earning a risk management MBA degree online is comparable to earning any other online MBA. To finish this degree it generally requires 2 years of full-time study. However, part-time or accelerated programs are offered by some business schools to allow students to earn the degree under a timeframe that suits their schedule.
Before enrolling in online MBA risk management programs, business schools generally require students to have an undergraduate degree. While having an undergraduate degree in subjects including applied statistics, actuarial science, entrepreneurship, and business administration may be ideal for those wanting to enroll in a good MBA risk management online program, it is generally not required.
Many online MBA in risk management programs also base admission on the following criteria:
Accredited online risk management MBA schools typically offer beginner coursework on different areas of organizational management. The best risk management MBA online programs include classes in financial management, marketing management, workplace management and managerial statistics in the first year.
As students enter the second year of an online Master of Business Administration in risk management program, the coursework starts to focus on specific types of risks in business. Courses at this level include business ethics, international economics and finance, global human resources management and global supply chain management. Capstone courses available through risk management MBA schools online focus on a specific business area such as accounting, economics or information systems management.
Students enrolled in online risk management MBA programs often do internships in order to enhance their education. Such an internship can be valuable in that it not only gives students an opportunity to practically apply the business and risk management skills they are gaining in an actual business setting, but it can also serve as an introduction into a particular business or company.
Books that might prove to be on point for students interested in risk management MBA careers are:
1. Enterprise Risk Management: From Incentives to Controls (James Lam) – This book breaks down business enterprise risk management into four sections, including current risk management contexts and applications of risk management.
2. Turbulence: Boeing and the State of American Workers and Managers (Edward S. Greenberg, Leon Grunberg, Sarah Moore and Patricia B. Sikora) – This work presents a ten-year case study of the shifting corporate environment at the aviation corporation Boeing.
3. Learning From Catastrophes: Strategies for Reaction and Response (Howard Kunreuther and Michael Useem) – The authors develop a framework for risk management in times of crisis through the study of various catastrophes, including Hurricane Katrina and the 2009 global financial crisis.
4. How Risky Is It Really? (David Ropeik) – This book examines why we view certain things as risky and the factors that contribute to poor decision-making in the wake of a crisis.
5. The Big Short: Inside the Doomsday Machine (Michael Lewis) – A treatise on the beginnings of the 2009 global financial crisis and the Wall Street practices that made it possible.
Nearly one million Americans are employed in positions related to risk management, most of whom are employed by insurance companies and management consulting firms. In some management positions, a risk management MBA salary may reach six figures:
Many occupations tied to financial risk management, including investment and personal finances, are expected to have dramatic increases in job availability. For instance, financial analyst positions are expected to rise by 23% between 2010 and 2020 in response to the increasing complexity of investment products. Recent health care legislation is also creating a need for more actuaries to develop insurance products and calculate new risks.
Many employers prefer graduates who have graduated from AACSB accredited risk management MBA programs. Association to Advance Collegiate Schools of Business accreditation typically indicates that a business school gives students a quality education.