|1 years-2 years|
|30 K-4 L INR annual|
|GMAT, CAT, XAT ...|
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.
MBA in Risk Management
Master of Business Administration
Full Time / Distance
Minimum Qualification Required
Graduation in any stream with at least 50% aggregate marks
MBA Entrance Exam + GD / PI round of colleges
Average Course Fee
INR 3,50,000 per year
INR 2,00,000 - INR 3,00,000
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.
Principles and Practice of Life and General 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.
You can apply for admission in MBA in Risk Management by submitting the application form of the college before the deadline. You will also have to submit the application fee along with the application form.
Some of the exams conducted for admission in MBA in Risk Management are CAT, MAT and CMAT.
Some of the other courses available in risk management are PG Diploma in Risk Management and Diploma in Risk Management
Some of the best colleges for MBA in Risk Management are Rathinam Group of Institutions, Coimbatore and Kanpur Institute Of Technology And Pharmacy, Kanpur
Candidates will be selected on the basis of their performance in the entrance exam and qualifying degree. Some of the colleges also conduct group discussion and personal interview.
Some of the job profiles available after MBA in Risk Management are Employee Benefits Manager, Risk Manager and Insurance Claim Adjustor
You can apply for a job in any sector such as Research & Consultancy Firms, Finance Institutions and Insurance Companies.
Some of the important topics in the syllabus of MBA in Risk Management are Risk Management, Life Insurance and Fire Insurance
The duration of MBA in Risk Management is 2 years.
The average fee of MBA in Risk Management is INR 2,15,000. The fee of the course will vary from college to college.
PGDM Risk Management course duration is two years. However, it may vary from institute to institute, in certain cases.
NIA Pune, IIRM Hyderabad, BIMTECH Noida, GIM Goa, ABBS Bangalore are some of the best colleges for PGDM Risk Management.
Candidates with a degree in PGDM Risk Management can explore a career as a Risk Management Consultant, Inventory Administrator, Strategy Manager, etc.
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.
Want to know more about
You can get direct MBA admission without appearing for any entrance exam. There are some private MBA colleges …READ MORE...
Typical response between 24-48 hours
Get personalized response
Free of Cost
Access to community