Masters Degree Risk Management, MS Risk Management Schools, Education, Career, Employment, and Jobs
What is Masters Degree Risk Management?
Risk management can be defined as the study of methods used by organizations or individuals to identify and examine financial risks in order to minimize potential loss and maximize the potential for gain or profit. Getting a masters degree in risk management will put you in elite company of risk managers.
The masters risk management degree program involves the study of risk control techniques that are applied to safeguard an organization's assets from losses. This program will inform you about topics such as property insurance, casualty insurance and general liability, underwriting, pension planning, loss adjustment, social and health insurance, risk theory and employee benefits.
With this program, you can choose to pursue your career in property/liability insurance or life/health insurance or corporate risk management. Below is what's involved in each:
1. Courses in the property/liability insurance program include transportation (i.e. Ocean, air or automotive) insurance, business interruption or catastrophic (i.e. flood, fire, earthquake, wind, or theft) insurance.
2. Courses in the life/health insurance program will inform you about medical insurance, dental insurance, prescription drug insurance, life insurance and travel group insurance.
3. Courses in the corporate risk management program will provide you information about factors such as liability and self-insurance, and retention.
The Masters Degree Risk Management program also includes classes for:
1. Risk Prevention
2. Compliance Legislation
3. Security Management Theory
4. Worker’s Compensation
5. Environmental Hazards
6. Public Emergency Services and
7. Industrial Safety
Career Opportunities With a Masters degree in Risk Management:
Due to the diversity of roles and the nature of the job, students pursuing a master's degree program in risk management, come from varied backgrounds such as law, finance and accounting, economics, science and arts.
With a risk management degree, you will have employment opportunities in different areas such as property and casualty insurance, life and health insurance and corporate risk management.
Within the insurance industry, you can choose from a host of career options. You can choose to become an information systems expert, investment manager, underwriter, claims administrator or sales agent.
If the insurance industry doesn't interests you, you can consider opting for a career outside the insurance industry. You can prefer becoming a financial planner, risk manager and an employee benefit manager.
As an analyst in client credit management, you will have to review financing proposals, identify risks involved, recommend ways of reducing the risks and help in marketing the transaction to both the client and the market.
Masters Degree Risk Management Salary:
Since people with a master degree in risk management can follow various career paths, they tend to enjoy prestige and high salaries. As per the Bureau of Labor Statistics, the demand for risk managers is expected to grow substantially in the coming years.
If you choose to become a claims investigator, you will earn approximately $48,000 per year. If you land a job as an insurance investor, you will be paid approximately $49,000. If you are lucky enough to get a job as a financial investor, your average annual salary will be $75,000.
Masters Degree Risk Management School:
Colorado Technical University is a good school that offers a graduate degree program in risk management. The program is called Master of Business Administration in Insurance and Risk Management. The school boasts a qualified staff and a top-class infrastructure to ensure best quality education to its students.
To get free information about the school, click this link.
Masters Degree Risk Management
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