Best Risk Management Courses: Online and Offline Courses, Eligibility, Career

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Considering the fast pace and ever-changing landscape of the corporate world, it is evident that businesses are dealing with uncertainty at different levels. From financial matters to cybersecurity threats and legal issues, there are tons of issues to address. If this is something that interests you, then pursuing a risk management course can seal the deal. It will give you a holistic understanding of risk assessment, identification, mitigation, and strategic planning. So, if you are ready to take up the key financial or risk management roles, let us start with the blog. 

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Why Study Risk Management Courses?

In simple words, risk management refers to the process of identifying and controlling threats related to an organization. This holistic approach examines the nature of risk and its ultimate impact on the business and its goals. These risks can be financial, technical, legal, or natural in nature. 

  • Pursuing a risk management course can unlock the door to exciting and unconventional job opportunities. This is because enthusiastic graduates will be required to develop innovative and effective solutions.
  • It can help students learn the foundations of business strategies which will be beneficial in the future as well. Additionally, it is helpful for numerous management roles in different industries.
  • Considering the ever-changing landscape of the corporate field and the challenges, risk managers are in demand. Their expertise and skill in the legal, finance, and management field is required in both public and private sectors. 

Best Risk Management Courses

Here are the best risk management courses you should consider while making your ultimate decision. 

Name of the University QS RankName of the CourseApprox Annual Fee
University of Reading 169MSc Financial Risk Management£20,550 – £27,000
University of Greenwich671 – 680Financial Management and Risk, MSc£10,575 – £19,275
Queen’s University Belfast202MSc Risk and Investment Management£21,500 – £25,900
Coventry University 571Risk Management MSc£17,250 – £20,500
The Pennsylvania State University83RISK MANAGEMENT, B.S.$24,544 – $40,151
Illinois State University1401+B.S. Major in Risk Management and Insurance, Risk Management and Insurance Sequence$27,245 – $47,343
California State University Bakersfield 201 – 250Occupational Safety and Risk Management Certificate$2,550 – $7,176
The Ohio State University151Actuarial and Quantitative Risk Management$43,128 – $55,638
St. Mary’s University47Finance and Risk Management$2247 – $2503

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Best Risk Management Courses Online

There are also tons of online risk management courses that students can pursue.  

Name of the University Name of the CourseApprox Annual Fee
Eastern Kentucky UniversityBachelor of Business Administration In Risk Management And Insurance$434/hour
NC State University Management, Risk and Analytics$2,542 – $2,542
University of TorontoFoundations of Risk Management$1100 – $1500
York UniversityCertificate in Risk Management$2,307 – $4,500
Boston UniversityOnline Master of Science in Enterprise Risk Management Degree$36,820–$38,500

Eligibility Criteria

To secure a seat in your preferred university and course, students are required to fulfill the eligibility criteria. It is important to understand that this criteria differ from university to university. Accordingly, always check the official websites of universities for the same. 


  • Students must have completed their senior secondary education with at least 50-55% marks.
  • Students must also qualify for the required entrance examinations with at least the required minimum marks (depending on the university).
  • Applicants must have cleared English Language Proficiency Tests such as IELTS and TOEFL.


  • Students must have secured at least 50-55% marks in their senior secondary education.
  • Students must have a Bachelor’s degree in the relevant field with at least 50-55% marks.
  • Applicants are required to clear the required entrance examination tests (depending on the university).

Course Curriculum Overview

The above-mentioned Risk Management courses help students develop the relevant skills and foundational knowledge of risk across different industries. Starting with the basic concepts, these courses take students through different concepts such as risk assessment methods and mitigation strategies. 

As you gradually progress through the course, you will get to learn advanced concepts. This includes cyber security, financial risk management, and compliance. Apart from this, different practical exercises and case studies from real-world scenarios provide you with hands-on experience.

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Skills Gained

Working as a risk manager means understanding the nature of your business and the risk to evaluate efficiently. Here are a few skills you will gain from this course:

  • Problem-solving skills
  • Analytical skills
  • Communication skills
  • Business management
  • Negotiation and diplomacy

Career Scope After Pursuing Risk Management Courses

If you want to gain a deeper understanding of identifying, managing, and mitigating risks across various industries, then pursuing a risk management course is the best option. It will take you through different modules to learn how to identify the potential risks in any business. Moreover, you will learn how to plan and implement the required management frameworks for effective results. 

Equipped with a plethora of in-demand skills, graduates of risk management courses can pursue promising careers in different fields. Banking, insurance, corporate risk management, and consulting are some of the most common examples of the same.

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Job Profiles

Graduates with a risk management course degree in their hands have the opportunity to work in different fields. Here are a few examples for better understanding:

Top Recruiters

  • Amazon
  • EY
  • Marsh
  • JP Morgan Chase
  • Frost Bank
  • AT&T
  • Microsoft
  • USAA
  • Zurish


Which certification is best for risk management?

The answer to this question depends on your personal area of interest and preference. There are tons of courses available in risk management that will help you get an in-depth understanding of the concept. We have also mentioned the top courses above, so make sure to consider them.

Is ERM certification worth it?

ERM, also known as Enterprise Risk Management (ERM) is one of the most popular courses. It helps individuals to understand risk identification, assessment, and mitigation using across different industries. So, if this aligns with your interests, then yes, an ERM certification is worth it.

What is FRM and PRM?

FRM is an abbreviation for Financial Risk Manager (FRM). On the other hand, PRM refers to the Professional Risk Manager (PRM). 

This blog covers all the information you need to know about the best risk management courses. If you have queries or suggestions, drop them in the comments below. For further help, our expert team at Leverage Edu is available to assist you. Drop us a call at 1800572000 today to get an absolutely free counseling session!

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