Online Risk Management Schools

January 5, 2022

Reviewed by ACO Rankings Team
Online Risk Management Schools 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.

Are you ready to find your fit?

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. 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

true Q. 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.

true Q. 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.

true Q. How much does online school cost?

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

true Q. 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:

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. Insurance opportunities can carry students to nearly any domestic or international location. Students can typically find jobs in any U.S. city or abroad. The coronavirus pandemic catapulted the risk management field into prominence almost overnight and spurred many companies to hire risk experts. Insurance professionals ultimately help people and companies restore their property and businesses after catastrophes. 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.

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 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 2021

  1. Eastern Kentucky University

    Richmond, KY



    A large public college based in Richmond, EKU offers Kentucky's only risk management program. The school's bachelor of business administration focuses on risk management and insurance. The program offers six start dates per year.

    EKU's online program consists of 120 credits. Enrollees take 51 core business credits and 30 business administration credits. The business core covers topics such as strategic management and formal communication. Another core class teaches supply chain management. Business administration courses develop skills in marketing, finance, and management. Graduates pursue careers as accountants, risk managers, and risk analysts.

    EKU offers in-state tuition rates to all online students regardless of residency. The discounted tuition rate makes the program a practical choice for online learners nationwide. EKU may accept up to 90 credit hours from transfer students. Active-duty military personnel receive a discounted tuition rate.

  2. Indiana State University

    Terre Haute, IN



    Serving more than 10,000 students annually, ISU hosts a top-ranked online degree in risk management. The school's BS in insurance and risk management comprises 120 credits. The degree includes 54 business major credits and 27 insurance credits.

    The business major builds foundational knowledge in business statistics. The major also focuses on accounting principles and business finance. Risk and insurance courses build knowledge on various topics. Examples include life insurance, commercial liability, and employee benefits. All candidates complete a senior capstone near the end of the program. The capstone emphasizes strategic management and functional business practices.

    ISU's website claims that 80% of full-time undergraduate students receive scholarships and grants. The school also reserves scholarships for incoming first-year students. To apply, learners submit official transcripts. Applicants do not need to submit ACT or SAT scores.

  3. University of Central Arkansas

    Conway, AR



    Located in Conway, UCA offers the state's only online degree in risk management. The program integrates financial principles and economic theory with insurance practices. Candidates can also pursue an optional financial planning track. More than 90% of graduates enter the risk management industry within a month of graduation.

    The 120-credit program includes 30 business foundation credits. It also consists of 18 business core credits and 24 insurance and risk management credits. Business courses cover topics including accounting, business statistics, and marketing. The major explores subjects such as life and health insurance and corporate risk management. Students learn property and liability insurance concepts. They also study the design and administration of employee benefits plans.

    Candidates can complete up to two internships. During internships, students gain hands-on experience in a professional risk management or insurance environment.

  4. University of Houston-Downtown

    Houston, TX



    A major urban college based in Houston, Texas, UHD offers an online degree in risk management. The bachelor's program covers business, insurance, and risk management practices. The curriculum also prepares candidates to earn professional credentials. Options include certified risk manager, certified life underwriter, and certified financial planner.

    Candidates earning the risk management degree online complete a minimum of 120 credits. The program includes a general business curriculum. Students learn subjects such as financial accounting and economics. They also learn business statistics. Typical risk management course topics cover value analysis and insurance operations. Learners also analyze advanced casualty insurance. Candidates can complete an optional field experience in a professional business setting.

    UHD offers several scholarships for risk management degree candidates. All students also receive scholarships for maintaining a GPA above 2.8. Out-of-state students who maintain a GPA above 3.5 receive in-state tuition rates.

  5. Ohio Dominican University

    Columbus, OH

    A small liberal arts college, ODU serves around 1,500 students annually. The school offers a top-ranked online degree in risk management. The bachelor's program prepares students for several professional credentials. One example is a chartered property casualty underwriter (CPCU). Qualified graduates can waive two sections of the CPCU certification exam.

    Candidates complete 120 credits total, including 63 major credits. The curriculum includes risk management and insurance major courses. Enrollees also take business core courses and correlative courses. The major covers insurance operations and management. Other course options include project management and commercial property insurance.

    Students with a minimum 3.0 GPA can apply for ODU's 4+1 MBA program. This accelerated pathway allows candidates to complete their bachelor's degree and MBA in five years of full-time study.

Portrait of Thomas Broderick

Thomas Broderick

Thomas Broderick is a freelance writer and the owner of Broderick Writer LLC. He creates study guides, informational websites, and blog posts for clients in the education field. Thomas is also a published author of over 20 short stories and a member of the Science Fiction & Fantasy Writers of America.

Portrait of Reese Lopez

Reese Lopez

Reese Lopez is a freelance writer with over a decade of experience in the education field. After earning his BA in English from Evergreen State College, he worked as an English language instructor and tutor before joining Affordable Colleges Online. Reese lives in Portland, Oregon, where he also writes fiction and performs in the local music scene.

Related articles that may interest you 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.

Do this for you

Explore your possibilities- find schools with programs you’re interested in and clear a path for your future.