MBA Risk Management

  • SaveSave
  • Request a callbackRequest a callback
  • AskAsk us
author
Mar 13, 2023 19:31PM IST

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

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,

Show Less

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.

Show Less

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

Show Less

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 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.

Show Less

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 are the top colleges offering MBA - Risk Management courses ?

Following are some of the top colleges offering Management courses : Sydenham Institute of Management Studies Research and Entrepreneurship Education (Mumbai) , Xavier Labour Relations Institute (Jamshedpur) , Vinod Gupta School of Management - IIT KGP (Kharagpur) , Shaheed Sukhdev College of Business Studies (New Delhi) , Department of Management Studies - IITR (Roorkee). You can explore these colleges on our website to check if they offer MBA - Risk Management or not.

What is the average fee for the course MBA - Risk Management ?

The average fee for MBA - Risk Management is INR 5,00,000 per year.

What is the duration of the course MBA - Risk Management ?

MBA - Risk Management is a 2 year course.

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.

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.

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 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.

Show Less

Related Questions

I

Intajur Rahaman, Content Team

-Answered on Nov-04-2024

Dear Student.

The MBA 2024-25 fee structure for Siddaganga Institute of Technology, Tumkur is not available with us right now. However, the total course fees for pursuing a Master of Business Administration course at the institute is INR 1.2 lakhs. Typically an MBA course has a duration of 2 years and the fee structure is divided into four payments for each semester. If you wish to pursue an MBA from Siddaganga Institute of Technology, Tumkur you may visit the official website of the institute or contact the admissions office for detailed information. Some of the common expenses that you may need to bear when paying MBA fees in India include an admission fee, library fee, examination fee, etc. Typically, these payments are to be done along with the first semester tuition fees for MBA at the time of admission.

I

Intajur Rahaman, Content Team

-Answered on Nov-04-2024

Dear Student,

Yes, MIT WPU accepts CAT scores for admission to their postgraduate management programs. MIT WPU offers several MBA specializations to eligible candidates, some of which are Marketing, Finance, International Business, Human Resource Management, Operations and Supply Chain Management, Banking and Financial Services, Digital Marketing, Business Analytics, etc. Aspirants need to have a valid non-zero score in the CAT 2024 exam and they also need to score at least 60% aggregate (55% for Reserved category) in Graduation in any stream from UGC approved University or equivalent in order to be eligible for admission. Candidates also need to score at least 60% aggregate marks in Class 12th and Class 10th with English as one of the main subjects. As for the minimum marks in CAT 2024 for admission to MIT WPU, the CAT cutoff for MIT WPU is expected to be 60 percentile as per previous year cutoff trends.

I

Intajur Rahaman, Content Team

-Answered on Oct-29-2024

Dear Student,

The MAT exam syllabus is quite vast and you need to cover the entire syllabus thoroughly in order to increase your chances of cracking this entrance exam with flying colors. However, it is also important to prioritize certain topics that either have a higher tendency to appear on the MAT 2024 question paper or have a higher weightage than other topics from the MAT syllabus. Important topics from MAT Language Comprehension section include Antonyms & Synonyms, Reading Comprehension, One Word Substitution, Sentence Correction, Idioms/Phrases, Fill in the Blanks, Para Jumbles, etc. For MAT Intelligence and Critical Reasoning, important topics include Arrangement, Series, Pie Chart, Blood Relations, Calendars, Coding & Decoding, Syllogisms, Statement Conclusions, and Column Graphs. MAT Mathematical Skills important topics include Percentages, Permutation and Combinations, Binomial Theorem, Profit and Loss, Sequence And Series, Surds and Indices, Interest (Simple and Compound), Heights and Distance, and Inequalities. Speed, Time and Distance, Triangles, Set Theory, etc. For the Data Analysis & Sufficiency section of MAT Tables, Caselet-based Data, Bar Diagrams, Graphs – Line X-Y Graphs, Venn Diagram, etc are important topics. Important topics from the MAT Economic and Business Environment Section section include Current Affairs, World Records, Business, Awards and Winners, Books and Authors, Company Punchlines, History, International Organisation, etc.

Related News

Related Articles

Popular Courses

MBA - Technology ManagementMBA - Natural Resource ManagementMBA - Communication ManagementMBA - Environmental ManagementMBA - Media ManagementMBA - Systems ManagementMBA - Rural Development ManagementMBA - Healthcare & Hospital ManagementMBA - Retail ManagementMBA - Logistics and Supply Chain ManagementMBA - Sports ManagementMBA - Sales ManagementMBA - Materials ManagementMBA - Operations ManagementMBA Project ManagementMBA - Sustainable ManagementMBA - Industrial ManagementMBA - Power ManagementMBA - Business Process ManagementMBA - Consultancy ManagementMBA - Design ManagementMBA - Hospitality ManagementMBA - Agri Business ManagementMBA - Finance ManagementMBA - Fashion ManagementActuarial ScienceEvent ManagementMBA in HRMBA - Investment ManagementMBA in BiotechnologyMBA in Pharmaceutical ManagementMBA in Construction ManagementMBA in Tourism ManagementMBA in Foreign TradeMBA in Airline and Airport ManagementMBA in Education ManagementMBA in E-CommerceMBA in MarketingMBA in Aviation ManagementMBA in Business AnalyticsMBA - Information TechnologyMBA in EntrepreneurshipMBA in Computer ScienceMBA in Disaster ManagementMBA in Operation ManagementMBA - Actuarial ScienceMBA in Event ManagementMBA in Interior DesignMBA in Advertising ManagementMBA in Infrastructure ManagementMBA in Textile ManagementMBA in Brand ManagementMBA in Telecom ManagementMBA in Oil and Gas ManagementMBA in Service ManagementMBA in Public Policy ManagementMBA in Capital MarketsMBA in Hospital AdministrationMBA in Banking and InsuranceMBA in Digital MarketingMBA in Business LawMBA in AccountingMBA in Shipping and LogisticsMBA in Hotel ManagementMBA in Business ManagementMBA in Information System ManagementMBA in Air Travel ManagementMBA in Real Estate ManagementCatering CoursesAirport Management CoursesCFP Certified Financial PlannerMBA in Artificial IntelligenceMBA in Financial Technology
Show Less