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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.
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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.
Best Bachelor's in Risk Management
See our rankings methodology page.
#1 Best Risk Management Degrees
St. John's University-New York
- Queens, NY
- 4 years
- Online + Campus
St. John's University-New York offers 68 bachelor's degrees, including the top-ranked bachelor of science in risk management and insurance. This risk management degree encourages the knowledge and skills required for diverse career paths. Graduates can also pursue a master's degree or a doctorate, which can open up additional career paths.
The bachelor's curriculum introduces core risk management topics and methods. Undergraduates also gain research, writing, and communication skills through general education requirements. Students can declare a minor or second major to round out their education.
The school's student services provide support for incoming degree candidates. For example, academic advisors work with degree candidates to transfer credits into the school and select courses.
St. John's University-New York at a Glance:
Location: Queens, New York
Type of School: Private
Admissions Rate: 72%
Total Online Bachelor's Programs: 1
Undergrad Tuition In State: $41,378
Undergrad Tuition Out of State: $41,378
Percent Online Enrollment
22%
Percentage of all students who are enrolled online.
Accreditation
Yes
Middle States Commission on Higher Education
#2 Best Risk Management Degrees
Temple University
- Philadelphia, PA
- 4 years
- Online + Campus
The bachelor of business administration in risk management and insurance at Temple University prioritizes accessibility in its course options. This risk management degree builds broad knowledge and skills that prepare students for entry- and mid-level careers. Graduates also meet the requirements for master's programs after completing a bachelor's degree.
The curriculum covers foundational and advanced risk management topics. Undergraduates complete general education courses that strengthen communication, writing, and critical thinking skills.
Student services support incoming degree candidates as they begin taking classes. For example, financial aid counselors work closely with degree-seekers to identify scholarship and grant opportunities.
Temple University at a Glance:
Location: Philadelphia, Pennsylvania
Type of School: Public
Admissions Rate: 60%
Total Online Bachelor's Programs: 6
Undergrad Tuition In State: $16,080
Undergrad Tuition Out of State: $28,992
Percent Online Enrollment
21%
Percentage of all students who are enrolled online.
Accreditation
Yes
Middle States Commission on Higher Education
#3 Best Risk Management Degrees
University of Minnesota-Twin Cities
- Minneapolis, MN
- 4 years
- Online + Campus
University of Minnesota-Twin Cities, a public institution, welcomes degree-seekers to its bachelor's in finance and risk management program. The Minneapolis-based school serves students of all backgrounds through campus and online courses. Undergraduates benefit from flexible program options, rigorous academics, and the school's support services.
Enrollees graduate with a bachelor's degree after taking major-specific classes and general education courses. STEM, social science, and humanities classes make up the general education curriculum. Within the program, learners gain a theoretical and practical understanding of finance and risk management insurance, preparing graduates for the workforce.
University of Minnesota-Twin Cities at a Glance:
Admissions Rate: 57%
Student-to-Faculty Ratio: 17-to-1
Total Bachelor's Programs: 135
Undergrad Tuition In State: $13,318
Undergrad Tuition Out of State: $31,616
Average Amount Aid Awarded: $9,544
Graduation Rate: 83%
Average Graduate Earnings After Six Years: $46,000
Percent Online Enrollment
30%
Percentage of all students who are enrolled online.
Accreditation
Yes
Higher Learning Commission
#4 Best Risk Management Degrees
Florida State University
- Tallahassee, FL
- 4 years
- Online + Campus
The bachelor's in risk management/insurance at Florida State University, a public institution, ranks among the best programs of its kind. Degree-seekers enroll in online classes and take in-person courses on the Tallahassee campus. The school sets high academic standards while offering flexible course options.
The bachelor's program strengthens in-demand skills through general education and major courses. The general education curriculum includes courses in diverse academic subjects like the humanities, math, and natural sciences. The risk management curriculum covers theoretical and advanced topics, preparing graduates for the workforce or further education.
Florida State University at a Glance:
Admissions Rate: 36%
Student-to-Faculty Ratio: 21-to-1
Total Bachelor's Programs: 95
Undergrad Tuition In State: $4,640
Undergrad Tuition Out of State: $19,084
Average Amount Aid Awarded: $9,442
Graduation Rate: 83%
Average Graduate Earnings After Six Years: $39,700
Percent Online Enrollment
47%
Percentage of all students who are enrolled online.
Accreditation
Yes
Southern Association of Colleges and Schools Commission on Colleges
#5 Best Risk Management Degrees
University of Georgia
- Athens, GA
- 4 years
- Online + Campus
University of Georgia enrolls learners in 129 bachelor's programs, including a bachelor of business administration in risk management and insurance. This program incorporates knowledge and skills that prepare students for many careers. Bachelor's degree-holders can also pursue higher degrees to specialize their training.
The bachelor's curriculum covers foundational concepts and methods in risk management. Undergraduates also strengthen their communication, writing, and critical thinking skills in general education courses. Students gain a well-rounded education by declaring a minor or second major.
The school's student services help incoming degree candidates make connections on campus and thrive in their program. For example, academic advisors meet with students to recommend course selections and review graduation requirements.
University of Georgia at a Glance:
Location: Athens, Georgia
Type of School: Public
Admissions Rate: 45%
Total Online Bachelor's Programs: 2
Undergrad Tuition In State: $9,790
Undergrad Tuition Out of State: $28,830
Percent Online Enrollment
14%
Percentage of all students who are enrolled online.
Accreditation
Yes
Southern Association of Colleges and Schools Commission on Colleges
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