Best Risk Management Degrees

Take a calculated risk and earn big rewards with one of the nation's best risk management degrees.

Are you fascinated by the process of determining, analyzing, and negotiating risk? Do you envision yourself becoming a viable asset to insurance companies? Are you a critical thinker eager to build a foundation in business and finance?

Then a degree in risk management may be the next best step for you!

What kind of risk management degree should you get?

Each of the 10 programs below will serve you during school and throughout your career. You'll gain a sturdy foundation in business fundamentals while also learning the ins and outs of risk analysis.

Still, there are some variations to these programs. For example, while some schools offer bachelor's of business administration degrees, such as Olivet College, others offer the broader bachelor of science.

Be sure to find that which best suits your career goals and interests. And, if you haven't already considered it, think about distance education. An online degree is both an affordable and flexible way to enhance your education and career.

For that reason, check out the Best Online Risk Management Degrees.

Accredited Online College Programs

Explore our featured online programs and find the right match for you today.

How much money do people make with a risk management degree?

Ironically, a career in risk management comes with few risks. It is not only in demand but highly lucrative.

For example, actuaries – those who analyze financial costs, risks, and uncertainties – make on average $101,560 a year. And that's just the average! Payscale notes salaries as high as $140,000!

Plus, the job growth for actuaries and risk managers is projected to grow a staggering 22 percent in the next few years alone!

What can you do with a risk management degree?

Whether you want to go on to earn a MBA or to dive into your career field, a degree in risk management will help you get there.

Currently, this major boasts a nearly 100 percent employment rate. Taking heart in that statistic, you can look for careers in a variety of industries. Graduates from these programs have gone on to become:

Insurance Agents
Risk Analysts and Managers
Underwriters
Claims Professionals
Loss Prevention Consultants

What are the requirements for a risk management degree?

These 10 programs are all full undergraduate degrees. That means you'll spend two years completing your general education core, which will consist of classes in the humanities, sciences, and business foundations.

Then in your second two years you'll take core classes in finance and economics as well as in risk management. Your risk management classes will cover a range of subjects, from health insurance to commercial property liability.

You should also expect to fulfill an internship requirement during your junior or senior year. Additionally, some schools require portfolios, theses, or capstone projects. We've been sure to note these.

What are the best risk management degrees?

Though some of these programs are offered by huge research universities and others by small liberal arts schools, all share one thing in common: they offer, hands down, the best risk management programs.

To find the best undergraduate programs in risk management and insurance we thoroughly scanned the nation, looking at every business school that offers the degree. From there we brought in determining factors such as retention rate, academic reputation, tuition costs, and the return on investment.

What we found after such extensive research are the country's 10 Best Risk Management degrees.

Our figures and information come from the university and colleges' websites, PayScale, and nationally recognized US News & World Report and the National Center for Education Statistics.