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MBA Risk Management: Course Details, Fees, Syllabus, Colleges & Job Prospects

Updated By Abhinav Chamoli on 21 Oct, 2021
Average Duration
1 years-2 years
Average Fee
30 K-4 L INR annual
Exams Accepted
Study Mode

About MBA - Risk Management

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. 

MBA in Risk Management Highlights

Given below are some of the important highlights of the MBA in Risk Management course.

Course Name

MBA in Risk Management

Short Name


Course Level

Post Graduate

Course Type

Degree Course


Master of Business Administration


Investment Management

Course Duration

2 years



Course Mode

Full Time / Distance

Minimum Qualification Required

Graduation in any stream with at least 50% aggregate marks


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,

MBA - Risk Management Eligibility Criteria

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.

MBA in Risk Management Admission Process

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.

MBA - Risk Management Syllabus

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



MBA-RM Career Options and Job Prospects

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.

Job Opportunities and Average Salary after MBA in Risk Management

After pursuing MBA in Risk Management, Candidates can pursue the following job profiles.

Horizontal Bar Graph Showing Average Salary of Various Job Opportunities after MBA in Risk Management | CollegeDekho

Career ProfileAverage Annual Salary in India
Risk Management ConsultantINR 8,38,000
Strategy ManagerINR 14,68,000
Risk ManagerINR 10,21,000
Senior Risk ManagerINR 15,40,000
Insurance ManagerINR 6,12,000
Business Continuity ManagerINR 15,00,000
Insurance UnderwriterINR 3,37,000
Financial AnalystINR 4,11,000
Product ManagerINR 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.

FAQs about MBA - Risk Management

How can I apply for admission in MBA in Risk Management?

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.

What exams are conducted for admission in MBA in Risk Management?

Some of the exams conducted for admission in MBA in Risk Management are CAT, MAT and CMAT.

What other courses are available in risk management?

Some of the other courses available in risk management are PG Diploma in Risk Management and Diploma in Risk Management

Which is the best college for MBA 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

What is the selection process of MBA in Risk Management?

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.

What job profiles are available after MBA in Risk Management?

Some of the job profiles available after MBA in Risk Management are Employee Benefits Manager, Risk Manager and Insurance Claim Adjustor

What are the employment opportunities after MBA in Risk Management?

You can apply for a job in any sector such as Research & Consultancy Firms, Finance Institutions and Insurance Companies.

What are the important topics in the syllabus of MBA in Risk Management?

Some of the important topics in the syllabus of MBA in Risk Management are Risk Management, Life Insurance and Fire Insurance

What is the duration of MBA in Risk Management?

The duration of MBA in Risk Management is 2 years.

What is the fee of MBA in Risk Management?

The average fee of MBA in Risk Management is INR 2,15,000. The fee of the course will vary from college to college.

What is the duration of PGDM in Risk Management?

PGDM Risk Management course duration is two years. However, it may vary from institute to institute, in certain cases.

Which are the best colleges for PGDM - Risk Management?

NIA Pune, IIRM Hyderabad, BIMTECH Noida, GIM Goa, ABBS Bangalore are some of the best colleges for PGDM Risk Management.

What are the career prospects 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.

What are the subjects in PGDM - Risk Management?

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.

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