MBA Risk Management

About MBA - Risk Management

MBA in Risk Management has gained a lot of popularity amongst candidates who want to foray into the insurance, banking, and finance sector. A two-year program, this MBA specialization covers various types of insurance and other fundamental business disciplines. The objective of the program is to impart training in managing organizational risk.

Apart from the insurance sector, MBA in Risk Management also gives emphasis to 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 of requirement is in the financial services sector. You will be preferred for roles auditing, analysis, and consulting roles in major organizations. The knowledge gained in your coursework will be utilized 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

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,



MBA - Risk Management Eligibility Criteria

Check the following details about the eligibility of an 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 an 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 courses 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 finalize 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 out the Common Application Form (CAF) or call our helpline number 18005729877 to schedule a free counseling 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.

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 organizations with packages up to Rs. 15 lakhs per annum. Overseas banks offer the most lucrative salaries varying from Rs. 12 lakh to Rs. 25 lakh per year.