Top Online MBA Programs in Risk Management
| OnlineMBA.com Staff
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Students who graduate from a top online MBA program in risk management prepare to enter an exciting and potentially lucrative career field. Risk management can lead to a variety of paths, with opportunities across many industries. According to PayScale, risk management managers earned an average salary of $97,900 as of December 2021.
This page anchors students' search with a ranking of the top master of business administration degrees in risk management. It contains information on what to expect from an MBA in risk management, including possible curricula, benefits, career paths, scholarship opportunities, and useful professional organizations.
What Is an MBA in Risk Management?
The top online MBA programs in risk management prepare students for careers as bank examiners, credit analysts, forensic audit experts, and financial managers. The Bureau of Labor Statistics (BLS) projects a 17% growth in demand for financial managers from 2020-2030, far surpassing the national average.
Top online MBA programs in risk management build crucial skills in fraud prevention and detection. Students also develop strong critical thinking, decision-making, and leadership skills.
Online MBA Programs for You
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Why Should You Get an Online MBA in Risk Management?
MBA in risk management programs prepare students to handle organizational risk due to unstable markets, fraud, and liability issues. Online MBAs provide a flexible learning format that can strongly benefit students. Working professionals can fund their degree by earning a salary, while other students may choose programs that offer an accelerated path.
Organizations need risk management professionals to help them make important business decisions. By obtaining a top online MBA in risk management, students gain strong foundations in areas such as financial planning, strategic analysis, and IT management.
PayScale reported an average salary of $92,000 for graduates with an MBA in risk management as of December 2021. Entry-level risk management managers earned an average annual salary of $65,740. Those with 5-9 years of experience earned an average of $97,930.
What Can You Do With an MBA in Risk Management?
Online MBA in Risk Management Curriculum
Students enrolled in a top online MBA in risk management can benefit from a solid foundation in business administration and risk management skills. Curricula vary by program, and students should carefully research the school of their choice to ensure it offers the courses they need.
- Ethics and Organizational Leadership: This course gives an overview of organizational leadership theory, emphasizing ethical challenges. Students learn policy-building skills, ethical issue analysis, and leadership.
- Corporate Finance: In this class, students learn how money flows through an organization. Learners build skills in financial analysis, strategic planning, capital acquisition, and decision-making.
- Fraud Prevention and Ethics: This course emphasizes strong ethical foundations in business as a means to prevent fraud. Topics include fraudulent behavior, fraud prevention programs, and fraud prevention theory.
Who Can Apply: Administered by the Association of Certified Fraud Examiners, this award is available to full-time students studying business administration, finance, accounting, or criminal justice in an accredited program.
Amount: $1,000-$10,000Apply for Scholarship
Who Can Apply: Sponsored by the Federal Alliance for Safe Homes, the FLASH scholarships assist students studying various areas of risk management as it applies to natural disasters. One scholarship focuses on financial analysis.
Amount: $1,500Apply for Scholarship
Who Can Apply: Full-time business students in an accredited MBA program who hold a minimum 3.25 GPA qualify to apply for this award. The scholarship committee may consider renewing the reward with a reapplication.
Amount: $2,000Apply for Scholarship
Who Can Apply: This scholarship benefits outstanding scholars in finance and accounting. Candidates do not need AFWA membership to apply for this award, though chapter sponsorship may impact application performance.
Amount: VariesApply for Scholarship
Who Can Apply: AfterCollege awards this scholarship to members who hold a minimum 3.0 GPA in a business-related program. Applicants submit a short essay detailing education, work experience, honors, and skills.
Amount: $500Apply for Scholarship
Professional Organizations for Risk Management
MBA students and graduates can take advantage of a wealth of benefits offered by professional organizations. By joining, risk management professionals can engage in active networking and continuing education opportunities. Professional organizations also distribute information such as industry news and resources. The list below offers a few examples of professional organizations for risk managers.
Dedicated to advancing the field of risk management through technology and education, RIMS serves its members through up-to-date information and best practices, a robust online community, free webinars, and mentorship opportunities.
Through research and education, GARP promotes advancements in the field of risk management. Members can access events and local chapters, online and in-person networking opportunities, industry news webcasts, and courses.
Serving financial professionals in the area of risk management, RMA deals with issues of market, credit, operations, and securities risk. Members can access local chapters, an online community, web seminars, workbooks, and career development resources.
Dedicated to advancing risk management practices through sharing information, PRMIA serves individual and corporate members through an online community, career center, worldwide events, and interest-based chapters.
Supporting finance directors, internal auditors, and insurance managers, Airmic offers regular training opportunities, a technical library, legislative advocacy, special interest groups, news, and an annual conference.
The Best Online Risk Management MBA Programs of 2022
Our ranking highlights three of the top online risk management MBA programs for 2022. You can also find more information about how we rank schools at the link below.
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