Online Risk Management Schools 2021

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Online risk management degree students gain deeper expertise in risk financing, health and welfare employee benefits, and enterprise risk management.

Many online bachelor’s in risk management programs focus on health and liability insurance, preparing students for careers as sales agents, underwriters, and actuaries. Graduates can also work in general business positions as financial and management analysts.

On a larger scale, students who attend a risk management school online can also learn to implement solutions that affect major corporations.

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Financial analysts earn a median annual salary of $81,590, according to the Bureau of Labor Statistics (BLS). The BLS projects that employment for these professionals will increase 5% between 2019 and 2029, faster than the average for all occupations.

Top 10 Programs for Risk Management

Understanding Risk Management


  • What is risk management?

    Risk management involves the process of making and carrying out decisions that minimize the adverse effects of risk on an organization. Overall, risk management professionals work to reduce an organization’s expenses.


  • What can you do with a degree in risk management?

    A risk management degree at the bachelor’s level prepares students for many careers in insurance and finance. Degree-holders can work as claims adjusters or examiners, insurance managers, insurance agents, underwriters, personal financial advisors, or risk managers.


  • How much does online school cost?

    The cost of attendance varies. Prospective students should research several colleges and universities and compare costs before applying.


  • Can you get a risk management degree online?

    A risk management degree online requires students to complete at least 120 credits of coursework. The best online bachelor’s in risk management programs cover general business topics, statistics, and insurance liability.


Why Get a Degree in Risk Management?



Risk management majors can experience many professional and personal benefits, including the following:

Lucrative Career Options
Learners who earn a risk management degree can potentially enter high-paying careers. Salaries can soar over $100,000 annually and job placement rates remain high, according to the BLS.
Abundant Opportunities
Insurance opportunities can carry students to nearly any domestic or international location. Students can typically find jobs in any U.S. city or abroad.
Relevance in the Current Market
The coronavirus pandemic catapulted the risk management field into prominence almost overnight and spurred many companies to hire risk experts.
Feel-Good Factor
Insurance professionals ultimately help people and companies restore their property and businesses after catastrophes.
Great Choice for Analytical Minds
Learners who excel at mathematics may want to choose a risk management major. They apply mathematics to complex financial, political, social, and cultural problems that affect businesses.

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Calculating the Cost of a College Degree



Prospective students often wonder how much they can afford to pay for their degree. This calculator helps them determine affordability based on income and cost of living. Students can also input costs for books and expenses along with expected scholarships and financial aid.

College Affordability Calculator

Break down your current financial situation, and receive a college tuition estimate you can afford to pay.

Courses in Risk Management School



Students enrolled in a risk management degree online develop research and analytical skills. Courses can prepare students for professional certifications such as financial risk manager, professional risk manager, chartered enterprise risk analyst, and certified risk manager. While course titles vary by school, many risk management programs include the classes below.


  • Fundamentals of Risk and Insurance

    The course provides a basic introduction to understanding insurance. Learners gain a consolidated overview of insurance company operations, insurance regulation, personal property, and risk management frameworks. The course also covers personal life, health, and disability insurance.


  • Introduction to Statistics

    The class delves into the basic concepts and computations used in statistical analysis applicable to risk management. Students learn to use data, how to collect it, and draw inferences or conclusions based on real-world insurance field data.


  • Corporate Risk Management

    Insurance and risk management majors can take this course to learn about business loss exposures. Students analyze acts of nature, liability claims, and price risk. Enrollees also learn risk control and risk-financing techniques such as risk retention and non-insurance transfer methods used in the insurance industry.


  • Operations and Management of Insurance Companies

    The course helps students understand insurance company organizational structure. Enrollees learn underwriting, actuarial, claim, reinsurance, and distribution concepts. Students use real-world examples and circumstances in the field to develop specific solutions.


  • Personal Property/Casualty Risk Management and Insurance

    The class covers personal property and casualty insurance policies. Learners apply personal risk management and financial planning techniques based on real-world examples. They may analyze property and liability exposures for individuals.


Scholarships for Risk Management Students



Risk management students can apply for multiple scholarships. One of the best ways to find institutional scholarships involves asking financial aid offices for merit-based aid opportunities. See below for two scholarships available to risk management students.

  • Stuart A. Robertson Scholarship

    Who Can Apply: This scholarship recognizes and encourages the academic achievements of undergraduate students pursuing a career in actuarial science. Full-time students must enter as a sophomore, junior, or senior at an accredited U.S. institution. Applicants need a cumulative 3.0 GPA and must complete two actuarial exams.

    Amount: Up to $9,000

    Explore Here

  • Love Your Career Scholarship

    Who Can Apply: JonesTshirts.com awards this scholarship twice annually to learners studying any subject at a U.S. college or university, including online risk management schools. Applicants must submit proof of enrollment and a 1,000- to 3,000-word essay outlining how they plan to pursue a career they love.

    Amount: $1,000

    Explore Here

Online Risk Management Schools 2021



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