MBA in Risk Management

MBA in Risk Management

About the course:

The MBA in Risk Management has become very popular among individuals looking to get into the insurance, banking, or finance industries. This MBA specialization, which lasts two years, covers various insurance products as well as other core business topics. The program's goal is to provide training in risk management for organizations.

The program places emphasis on enterprise-wide risk management in addition to the insurance industry. The course includes instruction in a variety of topics, including financial management, actuarial science, and strategic planning. Aspirants will have a solid foundation in risk management and insurance from the program.

You can work in fields where reducing risk is a top focus if you have an MBA in risk management. The financial services industry accounts for the majority of requirements. In significant organizations, you will be given preference for employment in auditing, analysis, and consulting. The information you've learned throughout your coursework will be put to use in developing business recovery and catastrophe mitigation plans in the event of failure.

Highlights of the course:

Eligibility Criteria:

Review the information below regarding the prerequisites for MBA risk management courses.

• The applicant must have finished graduate-level coursework in any field from an accredited university.
• The majority of universities require candidates for graduate degrees to have at least a 50 percent overall score (45 percent for SC/ST students).
• Students awaiting final year results are qualified for provisional admission up until the point at which they fulfill the aforementioned requirements following the announcement of results.

Admission Process:

The following describes the MBA in Risk Management admissions procedure.

• For MBA admissions, the applicant takes an entrance exam, which may be given at the national, state, or university levels.
• View the Indian MBA entrance exam schedule.
• Based on the results of the entrance exams, colleges publish cutoffs and narrow down the list of qualified applicants.
• Candidates who have been shortlisted must show up for a GD/PI round held by each college.
• On the basis of UG results, certain universities also provide direct admission to the MBA in Risk Management program.

Syllabus:

The following is a list of the main courses for an MBA in risk management:

• 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

Career Prospects:

One of the most crucial areas in the banking, insurance, and finance industries is risk management. For banks, corporate organizations, and industries, risk management specialists are needed to forecast financial risks and assess return on investment. Additionally, some foreign banks seek out applicants with an MBA in risk management. Several of the top careers in risk management include: