Bachelor’s in Risk Management

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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 towards 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.
  • 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.

Queen's University Belfast

Belfast, United Kingdom

  • 219SchoolApply Rank
  • USD 21,645Average 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....

Florida State University

Tallahassee, United States

  • 277SchoolApply Rank
  • USD 21,683Average Tuition
  • 55%Acceptance Rate

Florida State University is a multicultural public University located in the city of Tallahassee in Florida, USA. The University offers a number of bachelor's degree programs from its various Colleges including Fine Arts, Business, Engineering and Arts & Sciences....

University of Colorado, Denver

Denver, United States

  • 337SchoolApply Rank
  • USD 40,993Average Tuition
  • 73%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. ...

Dalhousie University

Halifax, Canada

  • 352SchoolApply Rank
  • USD 15,387Average Tuition
  • 0Acceptance Rate

Dalhousie University, located in Nova Scotia, Canada and established in 1818, is a diverse research University with three campuses in Halifax and one near Truro. The University offers bachelor's degree programs in disciplines such as Arts & Social Sciences, Earth Sciences, Management and Social Work....

University of South Carolina

Columbia, United States

  • 427SchoolApply Rank
  • USD 30,300Average Tuition
  • 65.2%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....

Ashland University

Ashland, United States

  • 560SchoolApply Rank
  • USD 30,370Average Tuition
  • 73%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....

Glasgow Caledonian University

Glasgow, United Kingdom

  • 652SchoolApply Rank
  • USD 14,642Average 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....

Milwaukee School of Engineering

Milwaukee, United States

  • 673SchoolApply Rank
  • USD 37,719Average Tuition
  • 68.6%Acceptance Rate

Milwaukee School of Engineering is small, multicultural non-profit University located in the heart of downtown Milwaukee, USA, in the vibrant East Town neighborhood just a few blocks from Lake Michigan. The University offers a wide range of bachelor's degree programs in the disciplines of Engineering, Business and Nursing....

University of South Wales

Cardiff, United Kingdom

  • 742SchoolApply Rank
  • USD 15,152Average 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....

Eastern Kentucky University

Richmond, United States

  • 869SchoolApply Rank
  • USD 31,462Average Tuition
  • 74%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....