Online Risk Management Schools

Explore accredited online risk management schools and learn what you can do with your risk management degree.

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Updated October 17, 2023

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Online Risk Management Schools

AffordableCollegesOnline.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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Risk Management Degree Online

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.

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.

AffordableCollegesOnline.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Accredited Online College Programs

Explore our featured online programs and find the right match for you today.

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:

  1. 1

    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.

  2. 2

    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.

  3. 3

    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.

  4. 4

    Feel-Good Factor

    Insurance professionals ultimately help people and companies restore their property and businesses after catastrophes.

  5. 5

    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.

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.

Scholarship Amount Who Can Apply

Stuart A. Robertson Scholarship

Up to $9,000 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.

Love Your Career Scholarship

$1,000 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.

Online Risk Management Schools

#1 Online Risk Management Schools

Eastern Kentucky University

  • Richmond, KY
  • 4 years
  • Online + Campus

Eastern Kentucky University is a Richmond-based public institution. The school delivers programs in online and in-person learning formats. Among the university's 161 available programs are 52 online options for distance degree-seekers. The institution's online offerings include a BBA in risk management and insurance that is ideal for individuals interested in risk management careers.

Degree-seekers in the program complete at least 120 credits. To graduate with the bachelor's degree, students fulfill general education and major requirements. Distance learners meet with academic advisors to create a custom degree plan based on their interests and career goals. Internship opportunities help students gain hands-on experience.

The institution holds accreditation, which means enrollees can submit the FAFSA and determine whether they qualify for federal financial aid. Tuition for the school's 120-credit bachelor's programs costs an average of $474 per credit. Of the university's undergraduates, 98% receive financial aid. For exact application deadlines and requirements, prospective applicants can speak with an admissions advisor.

Average Undergrad Tuition
In-state
$9,266
Out-of-state
$19,338
Average Graduate Tuition
In-state
$9,900
Out-of-state
$13,950
Retention Rate
75%
Acceptance Rate
94%
Students Enrolled
14,980
Institution Type
Public
Percent Online Enrollment
44% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#2 Online Risk Management Schools

Indiana State University

  • Terre Haute, IN
  • 4 years
  • Online + Campus

Degrees at Indiana State University prepare enrollees for new career opportunities and advancement. Students in the school's bachelor's programs receive training in both the liberal arts and in their field. Some programs offer a hybrid format with in-person sessions.

Online learners pursuing the BS in insurance and risk management watch lectures and complete assignments at convenient times. Degree-seekers prefer small classes for individualized instruction. Students may receive credit for hands-on learning opportunities, such as internships. Learners can join student organizations to access professional development and network with peers.

Indiana State University by the Numbers:

Undergrad Tuition: $9,036/year in-state and out-of-state

Average Price With Aid: $12,996

Admission Rate: 90%

Learners Receiving Financial Aid: 92%

Indiana State University has been accredited by the Higher Learning Commission, an independent accrediting agency.

Average Undergrad Tuition
In-state
$9,036
Out-of-state
$19,960
Average Graduate Tuition
In-state
$7,542
Out-of-state
$14,814
Retention Rate
65%
Acceptance Rate
90%
Students Enrolled
12,144
Institution Type
Public
Percent Online Enrollment
47% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#3 Online Risk Management Schools

University of Central Arkansas

  • Conway, AR
  • 4 years
  • Online + Campus

Learners interested in risk management can enroll in the online bachelor's in insurance and risk management program from the University of Central Arkansas. Degree-seekers can pursue top-ranked programs from the school. The school delivers 18 online programs, including two online bachelor's programs.

Online learners in the risk management program benefit from scheduling flexibility. Online programs typically feature customizable scheduling options, which are ideal for busy learners. Online learners discuss topics through forums and communicate with faculty members by email. Most undergraduate degree-seekers can graduate from a bachelor's program in four years of full-time study.

The school charges online learners affordable tuition rates and offers institutional funding for eligible applicants. Degree-seekers with financial need can submit the FAFSA to qualify for federal loans and grants, such as the Pell Grant. The school offers financial aid advising to help admitted students identify scholarship and grant opportunities.

Average Undergrad Tuition
In-state
$6,810
Out-of-state
$13,620
Average Graduate Tuition
In-state
$5,018
Out-of-state
$10,037
Retention Rate
75%
Acceptance Rate
90%
Students Enrolled
10,869
Institution Type
Public
Percent Online Enrollment
42% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#4 Online Risk Management Schools

University of Houston - Downtown

  • Houston, TX
  • 4 years
  • Online + Campus

The University of Houston - Downtown's online BBA in insurance and risk management provides a flexible option for students interested in risk management careers. The online program is ideal for learners with busy schedules.

Enrollees can attend classes at the university's Texas campus. Along with on-campus programs, students can pursue 18 online programs from the school. Among the distance learning options are 13 online bachelor's programs.

To complete the online BBA in insurance and risk management program, learners fulfill requirements including core major classes, upper-division coursework, and general education classes. Degree-seekers earn at least 120 credits to graduate with the bachelor's. The program features rigorous coursework fostering specialized and transferable skills.

Learners can benefit from the school's support services, which include academic and professional resources. Online undergraduates and alumni can work with faculty advisors and career counselors. The school's dedicated financial aid counselors work with students as they locate and apply for educational funding.

Average Undergrad Tuition
In-state
$5,460
Out-of-state
$15,408
Average Graduate Tuition
In-state
$7,578
Out-of-state
$14,274
Retention Rate
73%
Acceptance Rate
89%
Students Enrolled
14,640
Institution Type
Public
Percent Online Enrollment
53% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#5 Online Risk Management Schools

Ohio Dominican University

  • Columbus, OH
  • 4 years
  • Online + Campus

Located in Columbus, Ohio Dominican University is a private institution. The school's learners can pursue in-person and online programs. Of the university's 72 programs, degree-seekers can pursue 16 in an online format. The institution's offerings include an online bachelor's in insurance and risk management program that helps enrollees qualify for careers in the field.

The program features a minimum credit requirement of 120. Students in the online bachelor's program complete general education requirements and field-specific classes. Distance learners meet with academic advisors to create a custom degree plan based on their interests and career goals. Internship opportunities help students gain hands-on experience.

The institution holds accreditation, which means enrollees can submit the FAFSA to receive federal loans and grants, such as the Pell Grant. At the school, 100% of students receive financial aid to fund their undergraduate education. Prospective students can contact the institution for specific application details.

Average Undergrad Tuition
In-state
$31,100
Out-of-state
$31,100
Average Graduate Tuition
In-state
$10,800
Out-of-state
$10,800
Retention Rate
61%
Acceptance Rate
84%
Students Enrolled
1,640
Institution Type
Private
Percent Online Enrollment
40% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

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AffordableCollegesOnline.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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