MBA in Risk Management has gained a lot of popularity amongst the candidates who want to foray in the insurance, banking and finance sector. A two-year programme, this MBA specialization covers various types of insurances and other fundamental business disciplines. The objective of the programme is to impart training in managing organizational risk.
Apart from the insurance sector, MBA in Risk Management also gives emphasis to the enterprise-wide risk management. The course comprises education in the field of various subjects including strategic planning, actuarial sciences and financial management. The curriculum is designed to provide aspirants with a strong base in insurance and risk management.
With an MBA in Risk Management degree, you can work in sectors where mitigating risk is a high priority. The majority requirement is in the financial services sector. You will be preferred for roles auditing, analysis and consulting roles in major organisations. The knowledge gained in your coursework will be utilised when forming disaster mitigation and recovery strategies for business in case of failure.
Given below are some of the important highlights of the MBA in Risk Management course.
Course Name |
MBA in Risk Management |
---|---|
Short Name |
MBA RM |
Course Level |
Post Graduate |
Course Type |
Degree Course |
Degree |
Master of Business Administration |
Specialisation |
Investment Management |
Course Duration |
2 years |
Internship |
Mandatory |
Course Mode |
Full Time / Distance |
Minimum Qualification Required |
Graduation in any stream with at least 50% aggregate marks |
Age |
No Limit |
Selection Process |
MBA Entrance Exam + GD / PI round of colleges |
Average Course Fee |
INR 3,50,000 per year |
Average Salary |
INR 2,00,000 - INR 3,00,000 |
Top Recruiters |
Banks, Insurance Agencies, Investment Banking, Investment Consultants, Mutual Fund Companies etc, |
Check the following details about the eligibility of MBA in Risk Management courses.
The candidate must have completed graduate-level studies from a recognized university in any stream.
A minimum of 50% aggregate marks (45% for SC/ST candidates) at the graduate level are required by most colleges.
Students awaiting final year results are eligible for provisional admission until they meet the above-mentioned conditions after the declaration of results.
The admission process of MBA in Risk Management is as follows.
The candidate appears for an entrance exam, which can be a national level, state level or university level entrance exam for MBA admissions.
Check the schedule of MBA entrance exams in India.
Colleges release cutoffs and shortlist qualifying candidates based on their entrance exam scores.
Shortlisted candidates must appear for a GD/ PI round conducted by individual colleges.
Some colleges also offer direct admission to MBA in Risk Management course based on UG scores.
Check the direct MBA admission process in India.
Students who are included in the final shortlist must complete the document verification and fee payment to finalise admission.
Check the documents required for MBA admission.
If you have any questions about the MBA admission process, you can write to us on the CollegeDekho QnA Zone. To make your college applications easier, fill the Common Application Form (CAF) or call our helpline number 18005729877 to schedule a free counselling session.
Popular Subjects:
Principles and Practice of Life and General Insurance |
Liability Insurance |
Life Insurance |
---|---|---|
Motor Insurance |
Risk Management |
Marine Insurance |
Fire Insurance |
Agricultural Insurance |
Marketing of Financial Services |
Investment Planning and Management |
Risk management is one of the most important fields in the banking, insurance and finance sector. Experts in risk management are required to predict the financial risks and evaluate the return on investment for banks, corporate organisations as well as industries. Some of the international banks also recruit candidates who have pursued MBA in Risk Management.
After pursuing MBA in Risk Management, Candidates can pursue the following job profiles.
Career Profile | Average Annual Salary in India |
---|---|
Risk Management Consultant | INR 8,38,000 |
Strategy Manager | INR 14,68,000 |
Risk Manager | INR 10,21,000 |
Senior Risk Manager | INR 15,40,000 |
Insurance Manager | INR 6,12,000 |
Business Continuity Manager | INR 15,00,000 |
Insurance Underwriter | INR 3,37,000 |
Financial Analyst | INR 4,11,000 |
Product Manager | INR 13,65,000 |
Fresh graduates in this field can get salary packages varying from Rs. 4.5 lakh to Rs. 6.5 lakh per annum. However, profiles in the field of risk management are few and candidates are required to strive hard for the jobs.
Experienced candidates can easily bag jobs with reputed organisations with packages up to Rs. 15 lakh per annum. Overseas banks offer the most lucrative salaries varying from Rs. 12 lakh to Rs. 25 lakh per year.
Popular subjects of study in PGDM Risk Management are Bank and Risk Management, Risk Management and Insurance, Reforms in Indian Insurance Industry, Business Interruption Insurance etc.
Candidates with a degree in PGDM Risk Management can explore a career as a Risk Management Consultant, Inventory Administrator, Strategy Manager, etc.
NIA Pune, IIRM Hyderabad, BIMTECH Noida, GIM Goa, ABBS Bangalore are some of the best colleges for PGDM Risk Management.
PGDM Risk Management course duration is two years. However, it may vary from institute to institute, in certain cases.