RISK MANAGEMENT ?
All About Risk Management Courses
Listed below are few of the key facts about Risk Management Courses for your reference,
- Risk Management Courses can be pursued through Certificate, Diploma, Undergraduate, Postgraduate and Doctorate Courses
- Many online websites such as Coursera provide certificates at zero fees while some of them such as charge a fee for providing certificates in these courses.
- The average course fee ranges from INR 1.5 – 5 LPA
- After Risk Management Courses candidates can apply for jobs such as Financial Analyst, Head of Research and Analytics, Investment Risk Analyst, Portfolio Financial Analyst, Risk Analyst, Quantitative Researcher, Securities Analyst, Senior Director of Credit Risk, etc.
- The average salaries after completing INR 3 – 20 LPA.
- Some of the top job prospects are Risk Governance, Director, Risk Modeling Enterprise, Risk Management Consultant, Financial Analyst, Head of Market Risk, Investment Risk Analyst, Head Risk Strategy, etc.
- Some of the top skills for Risk Management Courses demanded by recruiters are- Leadership skills, Management Skills, Decision Making Skills, Teaching skills, Problem-solving skills, etc.
Types of Risk Management Courses
Risk Management Courses, as already discussed, are offered through various programmes such as Certificate, Diploma, Undergraduate, Postgraduate and Doctoral programmes. Below mentioned section will discuss each of the programmes along with their eligibility and other crucial prerequisites for your reference.
Certificate Risk Management Courses
Certificate programs of Risk management courses are specially designed to equip the candidates with additional skills.
- Certificate programs are offered through both online and offline mode.
- Students who are pursuing master’s and doctorate degrees in Risk Management courses if they want to gain an extra skill that increases their pay packages should go for an online certification in Risk management courses.
- Certificates are short-term courses and the minimum qualification required for these courses is passing 10th or 10+2 from a recognized board.
- The average salary after getting a certificate ranges from INR 2-5 Lakh per Annum.
Risk Management Online Certificate Courses
Some of the top online Risk Management Courses are tabulated below for your reference,
| Course Name | Provider | Duration | Average Fees |
|---|---|---|---|
| Information Systems Auditing, Controls, and Assurance | The Hong Kong University of Science and Technology | Approx 9 hour | INR 2,126 |
| Introduction to Cybersecurity & Risk Management Specialization | University of California, Irvine | Approx 3 months | INR2,859 per Month |
| Risk Management Professional: Prep for the PMI-RMP Exam | Udemy | Approx 14 hour | INR 490 |
| Financial Engineering and Risk Management Part II | Columbia University | Approx 17 hour | INR 2,126 |
| Wholescale real Estate contracts:Flip Houses Risk-Free | Udemy | Approx 1.5 Hour | INR 504 |
| Fundamentals of Project Planning and Management | University of Virginia | Approx 9 hour | INR 2,859 |
Admission process for Risk Management Certificate Courses
Admissions in the Risk management certificate courses are not done in a properly organized manner like that in bachelor and master courses. There are no particular entrance exams either which are conducted for admission in these courses.
- Enrollment in online certificate programs is simply done by applying on the website of the course provider.
- An individual has to simply sign up with his google account, fill the required details and make payment for course enrollment.
- Some online institutes take some days to analyze your profile and the answers to questionnaires asked.
Top Certificate Colleges for Risk Management Courses
Tabulated below are few of the top colleges offering certificate courses,
| Ranks | Name of the College |
|---|---|
| 8.1 | IIRM – Institute of Insurance and Risk Management |
| 8.2 | International School of Business and Media, Pune |
| 7.7 | BK School of Business Management, Gujarat University, Ahmedabad |
| 8.5 | GITAM Institute of Management, Visakhapatnam |
Diploma & PG Diploma Risk Management Courses
Let us have a look at some of the most popular Diploma and PG Diploma in Risk management courses.
- Just like Certificate programs,Diploma and PG Diploma courses in Risk management courses are in detail and also give you the flexibility to know much more lessons in Risk management.
- Students who want to get a little bit deep knowledge in Risk management as compared to certificate courses should join these Diploma and PG diploma courses via online or offline mode.
- Students who want to pursue a more career-oriented course in Risk management should go for Diploma and PG Diploma courses.
- For diploma courses minimum qualification required passing 10+2 from a recognized board.
- For PG Diploma courses minimum qualification required is graduation from a relevant stream with an aggregate of 50% marks required.
The average salary after Diploma and PG diploma courses in India is INR 3-6.7 LPA .
Top Diploma and PG Diploma Risk Management Courses
Tabulated below are the top Diploma and PG Diploma Risk Management courses,
| Course Name | Name of the Colleges | Duration | Average Fees |
|---|---|---|---|
| Diploma in Taxation and Risk Management | St Claret college | 2 years | |
| Diploma in Risk Management | Arunodaya University | 1 year | |
| Diploma in Insurance and Risk Management | The institute of chartered accountants of India, New Delhi | 1 year | |
| Post Graduate Diploma in risk Management | The global risk management institute | 1 year | INR 8.25 Lacs |
| Post Graduate Diploma in Insurance and Risk Management | CMJ University, Shillong | 1 year | INR 20,000 |
| PG Diploma in Banking and Risk Management Self Finance | University of Jammu | 1 year | INR 1,30,000 |
Admission process for Risk Management Diploma and PG Diploma Courses
The admission process is mostly similar for all the colleges and educational institutions. You need to fill the application form and apply for the course.
- Many of the institutes simply take admission on the basis of merit. (Class 12th or equivalent marks)
- Some institutes provide admission on the basis of entrance exams conducted at the institute level or state level for providing admission.
- Students can take admission directly by visiting the campus of the institute in which they want to take admission.
Top Diploma & PG Diploma Risk Management Courses Colleges
Some of the top colleges offering admission for Diploma & PG Diploma Courses are tabulated,
| Ranks | Name of the Colleges |
|---|---|
| 6.6 | Institute of Management & Research (IMR ) |
| 8.1 | IIRM – Institute of Insurance and Risk Management |
| 8.2 | International School of Business and Media, Pune |
| 7.7 | BK School of Business Management, Gujarat University, Ahmedabad |
| 8.2 | University of Jammu |
| 8.8 | Global Risk Management Institute, Gurugram |
Undergraduate Risk Management Courses
- A number of students who want to make a great career in Risk management and require proper campus education should go for a bachelor’s degree in Risk Management courses.
- This is a 3-year long term course offered by many colleges which takes admission on the basis of entrance exams at national as well as institutional level.
- The Average fees required for pursuing a bachelor’s degree in risk management courses are INR 2 Lakh.
Risk Management Top UG Courses
Mentioned below are the top Undergraduate Risk Management courses that are offered,
| Course Name | Name of the Colleges | Average Fees |
|---|---|---|
| BBA Insurance and Risk Management | Manipal Academy of Higher Education Bhartiya Vidya Bhavan institute of management science | INR 2.7- 4.59 Lacs. |
| BBA Risk Management | Bharati Vidyapeeth Deemed University | INR 4-5 Lacs |
Admission Process for Undergraduate Risk Management Courses
- Some institutes provide direct admission to candidates on the basis of the aggregate score at the 10+2 level.
- The admission process may vary from college to college. A few institutes conduct their own entrance tests for offering admission.
- A personal interview also conducted by some institutes or colleges.
Top Undergraduate Risk Management Colleges
Mentioned below are few of the top colleges offering undergraduate Risk Management courses,
| Name of the Colleges | Average Fees |
|---|---|
| Jain University | INR 1,45,000 |
| Doon Business School | INR 1,32,000 |
| Suresh Gyan Vihar University | INR 77,938 |
| VELS University | INR 99,400 |
Postgraduate Risk Management Courses
MBA Risk management is a 2 -year full-time PG course.
- Masters courses are usually pursued by candidates who want to get in-depth subjects related to Risk Management and other fields of management.
- The average fees per annum range from INR 80,000 – INR 5 Lakh.
- The average initial pay package after completing this course is around INR 1-9 Lakh per annum.
Top postgraduate Risk Management Courses
Tabulated below are the postgraduate courses for Risk Management,
| Course Name | Name of the Colleges | Average Fees |
|---|---|---|
| MBA in Risk and Insurance Management | IMR College, IILM University etc. | INR 80,000 – 5 Lakhs. |
Admission Process for Postgraduate Risk Management Courses
- Candidates have to qualify for entrance exams conducted by various institutes and colleges to take admission in this course.
- Merit-based admission is also offered by some centers and universities.
Top Postgraduate Risk Management Colleges
| Name of the Colleges | Average Fees |
|---|---|
| IILM University | INR 7,50,000 |
| Raksha Bahadur Management Institute | INR 95,000 |
| IMR College | INR 90,000 |
| Attitude Business School | INR 3,00,000 |
Doctorate Risk Management Courses
- In Doctorate level courses students can learn about the skills and innovative techniques used for the Risk management courses.
- It is usually pursued by students who want to get a doctorate degree in the field of Risk Management.
- The average tuition fee of the top Ph.D. Risk management courses in colleges in India range from INR 2-10 Lakh.
Risk Management Top PhD Courses
Tabulated below are the top Risk Management courses for your reference,
| Course Name | Name of the Colleges | Average Fees |
|---|---|---|
| Ph.D. in Risk Management | TAPMI Manipal IIFT New Delhi PSGCT Coimbatore etc. | INR 80,000 – 2,00,000 |
Doctorate Risk Management Courses
- In Doctorate level courses students can learn about the skills and innovative techniques used for the Risk management courses.
- It is usually pursued by students who want to get a doctorate degree in the field of Risk Management.
- The average tuition fee of the top Ph.D. Risk management courses in colleges in India range from INR 2-10 Lakh.
Risk Management Top PhD Courses
Tabulated below are the top Risk Management courses for your reference,
| Course Name | Name of the Colleges | Average Fees |
|---|---|---|
| Ph.D. in Risk Management | TAPMI Manipal IIFT New Delhi PSGCT Coimbatore etc. | INR 80,000 – 2,00,000 |
Admission Process for Doctorate Risk Management Courses
- Most of the Ph.D. Risk management colleges allow admission to this course based on the merit of a master’s.
- A few institutes conduct interviews and select students on the basis of presentation.
- Students can fill application forms and apply directly to the institute for admission.
- The application can be done through both online and offline mode.
- Many colleges conduct entrance exams at the institute level or state level on the basis of which they provide admission to the students.
Top Doctorate Risk Management Colleges
Some of the top colleges offering PhD in Risk Management courses are tabulated below for your reference,
| Name of the Colleges | Average Fees |
|---|---|
| Alliance University | INR 2,70,400 |
| KIIT School of Management | INR 1,43,000 |
| International Management Institute | INR 2.80,000 |
| SP Jain Institute of Management and Research | INR 2,00,500 |
Skills Required to Pursue Risk Management Courses
The students who completed their masters are suggested to go for a certification in various skills such as communication, creative thinking skills. It will help in increasing their pay packages and experience also. Tabulated below are few of the crucial skill sets for your reference,
| Excellent Numerical Skills | Analytical Expertise in Risk Management | Mathematical Aptitude |
| Sound Understanding of Business Process | Thorough Knowledge of Updating Regulations | – |
Scope of Risk Management Courses
The increasing popularity of the Risk field among youth, increasing continuously so the employment rate also gradually increased in all related sectors. The jobs offered are of high salary packages and also come with job security and pension in case of a government sector.
Below mentioned are few of the job profiles along with their designated salary,
| Job Profile | Job Description | Average Salary (INR) |
|---|---|---|
| Risk Manager | Risk Manager Design and implement an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur and perform a risk assessment: Analyse current risks and identify potential risks that are affecting the company. | 4 – 7 LPA |
| Risk Analyst | Risk analysts focus on identifying, researching and highlighting investment trends across platforms and are responsible for analyzing investment approaches, including asset allocation, hedge funds, and fixed income. | – |
| Insurance Risk Surveyors | Insurance risk surveyors visit sites and properties to gather information, assess the possible hazards and the nature of risk and make sure a company’s health and safety procedures or systems are acceptable, and advise clients on how to reduce their insurance risks. | 6 – 10 LPA |
