Risk Management - Courses, Colleges and Careers
Risk has become an integral part of lives and businesses. However, life has eased out with technological advancement and now managing risks with the help of technology is now simpler than before.
Risk Management is a new area of study in India. It is an extremely specialized area focusing on managing risks arising out of fire, flood and earthquake. As a Risk Management student, you are trained to handle industrial gas leakages, building collapse, and epidemics. Students are also taught to manage risk arising out of natural calamities like flood, drought and earthquake. Risks could also be of non-materialistic nature like share market crash, project failures, or financial failure, share market operations, investments and insurance risks and wealth management. Risks are also classified as risks of low value but high chances of occurrence and risks of higher value with low chances of occurrence. As a Risk Management professional you are expected to design and implement an overall risk management process for the organization, plan risk control actions, monitor and suggest changes into the organization in managing risks. He or She should be able to write appropriate reports and supervise implementation strategies.
Career Scope and Job Prospects in Risk Management
Performance and Risk Manager
Risk Management Adviser
Auditors, accountants and advisors of governance
Insurance underwriters, claims handlers, brokers and client managers
Banking and financial services professionals
Project, programme and change managers
Safety, health and environment professionals
Lawyers and legal consultants
Engineers and surveyors
Top Colleges for Risk Management
Institute of Insurance and Risk Management - Hyderabad
Indian Institute of Banking and Finance