‘Risk’ is a very negative word, but when the word ‘Management’ is added to it, it changes from a vulnerable to a strong word.
MBA in Risk Management focuses on furnishing the students with the aptitudes required for contending in a worldwide economy where the knowledge of constantly changing money related data is essential to business achievement. Through this, the students will be able to pick up a top to bottom financial knowledge and various skills required to make interpretations. This degree provides the students with the necessary knowledge regarding strategic planning and actuarial science. MBA in Risk Management graduates work in Insurance, Budgetary Administrations, Saving Money, Corporate Fund, Monetary Supervision, Venture Administration, Counselling, and various other controls.
The students should also possess strong leadership and communication skills, confidence under pressure, and an innate curiosity, etc. Apart from that, they should have an outstanding grounding in financial judgment, creative thinking, and good interpersonal skill. Being up to date with the knowledge of subjects and the present global and national financial scenario act as a bonus for the students.
Why pursue an MBA in Risk Management?
An MBA in Risk management teaches students about ways to formulate and implement different operational risk management plans, which acts as a priceless competency as per today’s competitive market. The degree imparts students with awareness regarding the financial impact of insurance and employees, current business scenario, theoretical markets, and various decision-making schemes. Since Risk Management is about identifying and mitigating risks, the degree first focuses on making the students understand the various risks concerning the industry spectrum of India. The course covers the following domains:
- Corporate finance
- Corporate risk management
- Marketing and business environment
- Strategic management and leadership
- Financial analysis and investments
- Business ethics
After studying this highly dedicated course, students can choose to be a part of reputed organizations, or they can pursue other certifications as an added asset.
What is the Eligibility Criteria for MBA in Risk Management?
Students graduating with a degree of MBA in Risk Management will have an exceptional knowledge about the course and it will make them proficient in implementing effective critical thinking skills and communicating with business professionals in the fields of insurance, finance, consulting, etc. It will also intend to provide the students with cross-functional decision-making skills in the interiors of their organization. Such students will become valuable assets in handling a variety of business risks. But for doing all that, students need to have some basic qualifications. The eligibility criteria to enroll in this consistently-high-ranking distance MBA program is mentioned below:
- Minimum 50% of marks in Graduation
- 2 years of work experience for graduation less than 50% of marks
- Minimum two years and a maximum of four years of work experience duration
The curriculum of MBA in Risk Management
During this distance MBA program, students will be taught various domain-specific subjects along with some practical education carried out through seminars and workshops. The subjects that the students will study in two years are:
- Modern Business Organization and Management
- Accounting & Financial Management
- Global Business Environment & Economics
- Business & Corporate Law
- HR & OB
- Business Research Methodology
- Information Technology for Business
- Business Communication Skills
- Modern Marketing Management
- Production Operations & SCM
- Basics Of Risk Management
- Entrepreneurship & Innovation Management
- Life Insurance
- Business Policies & Strategic Management
- General Insurance
- Business Ethics & Corporate Governance
- Organization & Management of Insurance Companies
- Project Work
- Legal Aspects of Insurance
- Team Building and Leadership
Career Options after MBA in Risk Management
An MBA Risk Management graduate is qualified to be a part of insurance and consultancy or various other firms in all the industries. During the two years, the students form a framework of core competencies in the world of management, organizational risks, and insurance. The course is not bound for just insurance professionals as even interested medical professionals can find a place in the field of risk management. Since risk is integral to everything nowadays, students have bright career opportunities in:
- Insurance underwriting
- Product management
- Financial analysis
- Business continuity
Following these paths, the students can play the role of:
- Senior Risk Manager
- Organizational Planning Director
- Strategy Manager
- Risk Manager
- Inventory Administrator
- Risk Management Consultant
Why study MBA in Risk Management by Distance Learning from Talentedgenext?
Talentedgenext is an online platform that helps students to make informed choices concerning their education needs and connects them with various course providers. Being owned by Talentedge Education Ventures Pvt Ltd., it has been successful in training more than 700,000 students and professionals over 90 global locations through its training centers in India, Middle East, South East Asia, and Africa. The company has successful collaborations with premier institutions and universities like IIM Calcutta, XLRI Jamshedpur, IIM Kozhikode, MICA, IIM Raipur, Suresh Gyan Vihar University, VOU, EMAS Business School Russia etc.
Being an experienced online degree provider, the team of Talentedgenext follows a technologically advanced pedagogy for scaling up the skill set of the students and making them ready for their corporate career. An MBA in Risk Management through Talentedgenext’s distance learning will help the students to form exceptional management skills that will set them apart from the rest of the members of an organization!