Best Online Bachelor’s in Risk Management Programs

Risk management is an interdisciplinary field. You’ll need a strong foundation in accounting, economics, management, business law, and financial analytics.

Updated August 16, 2022

Best Online Bachelor’s in Risk Management Programs

Are you ready to find your fit?

Every industry has risks - so every industry needs risk managers. Prepare for this role with one of the best online risk management degrees.

Risk management is an interdisciplinary field. You’ll need a strong foundation in accounting, economics, management, business law, and financial analytics.

Experts in risk management are in demand, now more than ever. If you think you have what it takes to thrive in this dynamic field, get started with one of these online bachelor’s degrees.

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What kind of bachelor’s degree in risk management should you get?

A traditional college program allows you to personally interact with teachers and mentors on a daily basis. You’ll be able to study and learn alongside a community of your peers.

But on-campus programs have their drawbacks, too. For one thing, unless you live within commuting distance of your dream school, you’ll either have to relocate or settle for the nearest college that offers your program.

Online degrees are different. You can enroll in many top-ranked online programs from anywhere in the country - without uprooting your life in the process. These programs are flexible enough to accommodate your schedule, even if you have a full-time job or family obligations.

Interested in learning more about distance education? Visit our ranking of the Best Online Colleges.

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

The U.S. Bureau of Labor Statistics provides some insight into the typical salaries for careers in risk management.

According to 2017 data, the median pay for a personal financial advisor is $90,640 per year. Insurance underwriters have a median pay of $69,760 per year, while financial analysts have a typical annual salary of $84,300.

The job outlook for personal financial advisors is especially strong: The BLS predicts a growth rate of 15 percent in these jobs between 2016 and 2026.

What can you do with a degree in risk management?

A typical risk management bachelor’s degree will prepare you to find work as a risk consultant, business analyst, or financial planner.

Several of the programs on our list feature a dual emphasis on risk management and insurance. After earning a degree from one of these programs, you’ll also be able to pursue a career as an insurance broker, claims adjuster, or underwriter.

A bachelor’s program can pave the way for a more advanced degree in risk management, such as a Master of Science or a Master of Business Administration.

What are the requirements for a degree in risk management?

Risk management is a field that demands an aptitude for critical thinking and excellent communication skills. An undergraduate degree will help you develop these abilities - but if they’re strengths of yours already, you’ll be ahead of the curve.

Specific admissions requirements range from minimal to highly competitive, depending on the school. At the least, you’ll need a high school diploma or GED and consistent, reliable internet access so that you can complete your online coursework.

More selective programs will want to see rigorous high school courses, a strong GPA, and competitive scores on the ACT or SAT.

What are the best online degrees in risk management?

Choosing a college is a huge decision, and it can be a very difficult one. Our goal is to make it a little easier on you.

To do that, we examine a number of factors that we’ve deemed highly relevant to prospective students. The programs on our list are evaluated for student satisfaction, institutional reputation, academic quality, and student return on investment.

From all of us at College Choice, we wish you the best of luck as you begin the next phase of your academic career!

Ranking

See our rankings methodology page.

#1 Best Online Bachelor’s in Risk Management Programs

Eastern Kentucky University

  • Richmond, KY
  • 4 years
  • Online + Campus

Eastern Kentucky University's BBA in risk management and insurance offers a flexible education for people interested in the risk management field. The public college connects 6,661 distance learners with a premier education and offers 17 bachelor's programs remotely.

The BBA in risk management and insurance provides students with the tools they need for a successful career in risk management. Enrollees benefit from a variety of coursework, participating in classes that provide foundational and advanced knowledge of the field. Experiential learning opportunities deepen degree-seekers' industry knowledge, helping them advance their career goals. Learners can benefit from internships and externships, or industry-specific research projects. Over the course of their studies, learners can seek guidance from academic advising and career services.

Applicants who qualify can bring down the price of their degree with internal and external funding opportunities like scholarships and fellowships. At the college, 98% of degree-seekers receive aid from the online education leader to support their academic journey.

Average Tuition
In-state
$9,266
Out-of-state
$19,338
Retention Rate
75%
Admission Rate
94%
Students Enrolled
14,980
Institution Type
Public
Percent Online Enrollment
44% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#2 Best Online Bachelor’s in Risk Management Programs

Indiana State University

  • Terre Haute, IN
  • 4 years
  • Online + Campus

Students looking for a competitive program should consider the premier online degrees at Indiana State University, located in Terre Haute, Indiana. Online enrollment at the public institution totals 5,748 virtual learners, who can choose from 23 bachelor's programs available remotely. The BS in insurance and risk management provides a rigorous education with industry relevance to degree-seekers interested in risk management.

Risk management program participants benefit from a supportive online community, connecting with peers and professors in a remote classroom space. The foundational and advanced topics covered in risk management classes provide enrollees with knowledge relevant to the field. Learners build the competency needed for a profession through hands-on practice in experiential learning opportunities, such as internships and research projects. Academic advising and career counseling are just some of the resources the institution provides degree-seekers to support their success.

Learners should ask a financial aid officer about funding opportunities to help bring down the costs of a degree. Students at the college enjoy many funding opportunities, including scholarships, fellowships, and federal financial aid. Some kind of financial aid is provided to 92% of enrollees at the institution.

Average Tuition
In-state
$9,036
Out-of-state
$19,960
Retention Rate
65%
Admission Rate
90%
Students Enrolled
12,144
Institution Type
Public
Percent Online Enrollment
47% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#3 Best Online Bachelor’s in Risk Management Programs

University of Houston Downtown

  • Houston, TX
  • 4 years
  • Online + Campus

Trying to find a flexible education to prepare you for a risk management career? Look at the University of Houston Downtown's BBA in insurance and risk management. The public college provides a premier education to 7,744 remote learners and offers 13 bachelor's programs virtually.

The BBA in insurance and risk management prepares students for a good career in the field by equipping them with the tools they need to succeed. The curriculum includes a variety of coursework, giving enrollees broad knowledge of both foundational and advanced topics. If applicable to their career goals, degree-seekers can participate in experiential learning opportunities to strengthen their knowledge of the industry. Internships, externships, and applied research projects provide learners with valuable knowledge. During the degree, students can talk to their academic advisor and career counselor to receive guidance.

To offset degree costs, eligible students can pursue external and internal funding opportunities, such as scholarships and fellowships. Degree-seekers get support for their educational endeavors from the leader in online education, with the college awarding financial aid to 83% of enrollees.

Average Tuition
In-state
$5,460
Out-of-state
$15,408
Retention Rate
73%
Admission Rate
89%
Students Enrolled
14,640
Institution Type
Public
Percent Online Enrollment
53% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

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