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Bachelor’s in Risk Management
A Bachelor’s in Risk Management is a degree program focusing on the professional development of individuals dealing with the insurance industry. Though students do not necessarily have to be in insurance, the program includes coursework that relates directly to the relationship between insurance and individuals or businesses. Many universities offer this program to students. Graduates emerge with knowledge of claims, risk factors and strategies to manage the risk of their clients.
What is a Bachelor’s in Risk Management?
A Bachelor’s in Risk Management is a degree in which students complete coursework relating to insurance and management of claims. These concepts are essential to the avoidance of unnecessary risk, which is the primary skill imparted through the program. Some examples of classes that you might take include these:
- Property and Casualty Insurance
- Control and Operation of Insurance Policy
- Risk Identification and Avoidance
- Qualifying and Underwriting Policies
- Claims Management and Verification
These courses all impart essential skills for students hoping to take on careers in the insurance industry. The skills are applicable to a range of positions that are relevant to the degree.
What Are the Benefits of Earning a Bachelor’s in Risk Management?
A Bachelor’s in Risk Management equips students with the professional and practical knowledge necessary to truly understand the insurance industry. This, along with the communication and organizational skills imparted, make the program beneficial to any student aspiring to a career in or adjacent to insurance. Some of the other ways in which the program can benefit graduates include:
- Impart essential communication skills that serve nearly every position and industry.
- Develop attention to detail from studying claims and all of their details.
- Bachelor’s degree may be a prerequisite for licensure as an insurance agent.
- Studying risk management gives students the skills that are most essential to a successful career in insurance.
- Participate in opportunities such as internships to further develop job experience prior to entering the job market.
These are some of the most beneficial elements of the degree, though every student will glean their own advantages from their course of study.
What Kind of Career Can You Expect With a Bachelor’s in Risk Management?
A Bachelor’s in Risk Management is tailored to aspiring insurance agents, though there are other positions relevant to its framework, too. You may also find work as a claim adjuster, insurance underwriter or risk advisor.
If you pursue a position as an insurance advisor, you can expect some of the job duties to be as follows:
- Match clients with appropriate insurance products
- Advise clients on strategies to minimize and reduce risk
- Sell life, home and auto policies to customers
- Handle initial interactions following a claim
An insurance underwriter has similar but different duties that include:
- Calculate loss potential for clients
- Collect premiums from clients
- Determine terms of policies
- Approve and deny applications for coverage
There are plenty of other positions in and related to the insurance business for graduates with a Bachelor’s in Risk Management. If you think this is the field for you, research schools and find the right one with a risk management program.
Belfast, United Kingdom
- 196SchoolApply Rank
- USD 20,631Average Tuition
- 0Acceptance Rate
Queen's University Belfast (Queen's) is a public institution located along the University Road in Belfast, Northern Ireland, UK. Queen's offers a wide range of bachelor's degree programs across its three academic faculties namely: Arts, Humanities and Social Sciences; Engineering and Physical Sciences; and Medicine, Health and Life Sciences....
Denver, United States
- 353SchoolApply Rank
- USD 30,510Average Tuition
- 65%Acceptance Rate
The University of Colorado - Denver (CU Denver) is the largest research institution in Colorado with two campuses, both located in Denver, Colorado, United States. CU Denver is part of the University of Colorado system and offers a variety of bachelor's degree programs....
Columbia, United States
- 371SchoolApply Rank
- USD 31,962Average Tuition
- 72%Acceptance Rate
University of South Carolina (USC) is an American Public University founded in 1801. The university’s primary campus is located in Columbia, South Carolina, and it has dedicated faculties through which it offers bachelor’s degree courses....
West Hartford, United States
- 452SchoolApply Rank
- USD 37,802Average Tuition
- 81%Acceptance Rate
University of Hartford (UHart) is a private university in West Hartford, Connecticut, USA. Through its six academic schools and colleges, the university offers a range of bachelor’s degree programs....
Glasgow, United Kingdom
- 500SchoolApply Rank
- USD 14,935Average Tuition
- 0Acceptance Rate
Glasgow Caledonian University (GCU) is a public university located in Glasgow, Scotland. GCU offers a wide range of bachelor's degree programs through its academic schools namely: School of Engineering and Built Environment, Glasgow School for Business and Society, and School of Health and Life Sciences....
Ashland, United States
- 506SchoolApply Rank
- USD 20,332Average Tuition
- 74%Acceptance Rate
Ashland University (AU) is a private, American, non-profit university founded in 1878. The university is located in Ashland, Ohio, USA and has dedicated faculties through which it offers bachelors degree programs in a wide range of disciplines....
Auburn, United States
- 545SchoolApply Rank
- USD 28,872Average Tuition
- 84%Acceptance Rate
Auburn University is named after its host city, Auburn in Eastern Alabama, USA. The university has 11 academic schools and colleges through which it offers over 140 undergraduate (bachelor's degree) courses in different fields including agriculture, design and construction, business, human sciences, liberal arts, engineering, forestry and wildlife sciences, pharmacy, sciences and mathematics, nursing education, veterinary medicine....
Cardiff, United Kingdom
- 642SchoolApply Rank
- USD 16,364Average Tuition
- 0Acceptance Rate
The University of South Wales (USW) has campuses located in Cardiff, Pontypridd, and Newport, United Kingdom, along with an international campus in Dubai. USW offers a wide range of bachelor’s degree programs through its 4 faculties, namely: Faculty of Business and Society; Faculty of Computing, Engineering and Science; Faculty of Life Sciences and Education; and the Faculty of Creative Industries....
Richmond, United States
- 787SchoolApply Rank
- USD 18,774Average Tuition
- 87%Acceptance Rate
Eastern Kentucky University, established over a century ago, is a public University located in Richmond in Madison County, Kentucky (USA). The institute offers a wide range of bachelor's degree programs through its five Colleges of Arts & Sciences, Business & Technology, Education, Health Sciences and Justice & Safety....