Programs
Colleges normally offer the Bachelor in Risk Management program in combination with a specialization in insurance. It is a 4 years program in which liberal arts, business, insurance and risk management courses are taught.
Coursework
Courses related to risk management and insurance include the following:
- Introduction to Risk and Insurance
- Introduction to Health Insurance
- Introduction to Life Insurance
- Commercial Liability Risk Management and Insurance
- Commercial Property Risk Management and Insurance
- Risk Management and Insurance
Specializations Some colleges also offer specialized courses within the
Bachelor in Risk Management program such as:
- International Risk Management
- Financial Risk Management
- Healthcare Risk Management
Admission Prerequisites Admission in a
Bachelor in Risk Management program requires official transcripts from high school. GED score is needed if high school diploma has not been done. ACT/SAT score is required by most of the colleges. Most of the admissions are now done through an online application process.
Who should get this degree? The
Bachelor in Risk Management degree is for intelligent individuals who are proficient in analytical skills. They should be very meticulous in their work as efficient risk management requires that no stones are left unturned during the risk analysis of a venture.
Career Prospects Healthcare risk management is turning out to be one of the largest demanding sectors for risk management graduates. The average salary of a risk manager is around $55,000 in the healthcare industry. With experience, it can increase to $90,000.
Further Education Graduates of a
Bachelor in Risk Management program can enhance their education by doing a master’s level degree in healthcare, finance or business administration. This will pave the way for executive level jobs in organizations.
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