Listed below are colleges and universities that offer online degrees or certificates in Risk Management and a detailed list of the programs that are offered.
Read the assignment or wing it? Tell the joke or keep your mouth shut? We make decisions every day, weighing the pros and cons of the outcome. And more often than not, we’re thinking a few steps ahead to prevent any embarrassing stunts or pity laughs. Companies hire people to make the same choices, but on a bigger scale.
People in risk management are responsible for preventing catastrophes and embarrassing stunts. When huge companies like BP are dead-center in an enormous blunder, one of the first places that gets looked at is what steps were taken to prevent the disaster, and that department is risk management
'Companies that carefully compare their current risk profile with their strategic goals can plan more reliably, make more effective decisions, develop fresher ideas, present themselves more transparently, and significantly improve their attractiveness and image,' said Svetlozar Rachev, chair of the Department of Statistics, Econometrics, and Mathematical Finance at Karlsruhe University.
In other words, risk management is absolutely crucial to how companies operate. Careers in risk management entail identifying, highlighting and analyzing risks faced by your company. Professionals in the business also develop and enforce guidelines and rules to protect the company from blunders and disasters.
A risk management career exists in countless different fields and companies. You can work in finance, banking, insurance and just about any company that takes risks, which is essentially everyone. Even the smallest companies and government agencies have risk management teams dealing with claims against the company, and employee safety and training.
What You Should Know About the Field
One perk of a career in risk management is the amount of satisfaction and respect that comes with the title. Risk managers are vital to any corporation, and as a result companies depend on and respect them. The job can also be exciting and stimulating. You have to be on your toes at all times, being creative and innovative in your solutions and prevention tactics.
However, the pros can easily turn into cons with risk management. Since risk management is so essential, when a crisis occurs, you might have to work around the clock until it’s taken care of. Also, an important decision may need to be made at the drop of a hat, so you might find yourself torn and unprepared.
A Step Ahead
Above all, those wanting to enter the risk management business should consider a life of being one step ahead of the rest of the crowd. Those who succeed in the business use their intuition, education and experience to prevent disasters.
'People don't do anything until they have a real reason, and that is evident in companies not putting in place proper risk management processes until a disaster happens … mend the roof when the sun is shining, not when the monsoon is overhead!' said Roger Dix, chief risk officer of the Liverpool Victoria, said in an interview with Actuarial Profession.
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