Risk Management courses : Fees, List, Admission

Aquib RahmanAssistant Manager
Risk Management refers to processing, identifying and preventing financial threats in business. Risk Management course is one of the popular courses in Banking, insurance and Finance sector. The course aims at making candidates understand how to take advantage of the upside and minimise the downside. Also, the course prepares the candidates on how to take, how much to take and manage the risk.
Types of Risk Management Courses -UG & PG
The Risk Management course in India is offered at various levels. Candidates must check their eligibility and qualification before applying for any of the Risk Management courses. The course is offered in the following modes:
Full-Time Risk Management Courses: This mode of course for an undergraduate (UG) degree or a postgraduate (PG) degree course is classroom-based that is of a three-r or two-year course duration respectively. Candidates can also pursue UG Diploma or PG diploma courses in Risk Management courses.
Online/Distance Learning Risk Management Courses: Distant mode of education is offered by many institutions/universities for Risk Management courses. Classes for such a mode of education are usually conducted on weekends.
Risk Management Part-Time Courses: These courses are offered usually by the colleges offering Risk Management courses as short-term courses. The duration of these courses is from three months to 12 months. Candidates can do part-time courses in Risk Management based on different job expertise/profiles.
Popular Risk Management Courses -UG & PG
Check the table below to know some of the popular Risk Management courses in UG and PG:
Undergraduate Risk Management Courses |
Postgraduate Risk Management Courses |
---|---|
B.Com. (Hons.) in Risk Management Integrated with Chartered Institute of Management Accountant CIMA UK |
MBA in Risk and Insurance |
BBA in Insurance and Risk Management |
PGDM in Insurance and Risk Management |
Advance Diploma in Risk and Safety Management |
Online eMasters in Commodity Markets and Risk Management |
Diploma in Insurance and Risk Management |
Post Graduate Diploma in Insurance and Risk Management |
Bachelor of Business Administration (BBA)
|
Post Graduate Diploma in Management (PGDM) |
Risk Management Degree Courses – UG
Undergraduate Risk Management courses can be pursued after completion of 10+2 education from a recognised board of examination. Check the table below to know the details about the Risk Management UG course:
Features |
Details |
---|---|
Duration of the Risk Management UG course |
3 years |
Eligibility Criteria |
10+2 from a recognized board with minimum aggregate marks in any stream |
Admission Process |
Entrance Exams/Merit-based |
Course Fee |
INR 5 Lakh |
Entrance Exams |
|
What after Undergraduate Course |
Candidates can pursue PG courses in Risk Management or can work in the corporate sectors. |
Check the table below to know the popular UG Risk Management degree course offered by various universities/institutions:
Name of the UG Degree Course- Full Time |
Name of the Institution |
---|---|
Bachelor of Business Administration (BBA)
|
University School of Management Studies, Rayat Bahra University |
Distance Risk Management Courses – UG
Few universities/colleges offer distance learning modes for Risk Management UG courses. Candidates can pursue the course after fulfilling the eligibility criteria. Check the table below to know the distant Risk Management courses and colleges offer:
Distance Risk Management Course |
University/College Offering |
---|---|
Chandigarh University (CU) |
|
Part-Time/Short-term Risk Management Courses – UG
Indian School of Business Management and Administration offers part-time Risk Management course-UG- Advance Diploma in Risk and Safety Management. The duration of the course is 1 year.
Online Risk Management Courses –UG
Candidates can pursue the UG degree Risk Management course online mode. This mode of education provides a workable option to candidates to complete the programme through online mode from anywhere. Two universities in India offer online Risk Management courses.
- IIBM Institute of Business Management offers Online Diploma in Business Administration +Master programme in Business Administration.
- Chandigarh University offers an Online Bachelor of Business Administration (BBA)
Risk Management Diploma Courses -UG
Candidates can pursue a diploma in Risk Management at the UG level. The eligibility criteria for the UG diploma is similar to that of the UG degree programme. However, its duration of the UG diploma is less that of a UG degree programme. Tabulated below are the list of courses offered by various institutions.
Risk Management Diploma Courses-UG |
Institutes Offering |
---|---|
Advance Diploma in Risk and Safety Management |
Indian School of Business Management and Administration, Bangalore |
Risk Management Degree Courses – PG
Postgraduate Risk Management course can be pursued after completion of graduation degree from a statutory institute/university. Check the table below to know the details about the Risk Management PG course:
Features |
Details |
---|---|
Duration of the Risk Management UG course |
2 years |
Eligibility Criteria |
Graduation degree from a statutory institute/university |
Admission Process |
Entrance Exams/Merit-based |
Course Fee |
INR 5 Lakh |
Entrance Exams |
|
What after Postgraduate Course |
Candidates can work in the corporate sectors. |
Check the table below to know the popular PG Risk Management degree course offered by various university/institutions:
Name of the PG Degree Course- Full Time |
Name of the Institution |
---|---|
Post Graduate Diploma in Banking, Risk and Insurance Management |
|
Distance Risk Management Courses – PG
Many institutes offer PG Risk Management courses in a distant mode. The list of courses and institutions are tabulated below:
Distant Risk Management Course- PG |
Institute Offering |
---|---|
International Post Graduate Diploma in Risk Management (IPGDRM)
|
|
Post Graduate Diploma in Risk and Insurance Management (PGDRIM) |
|
Post Graduate Diploma in Insurance and Risk Management (PGDIRM) |
Part-Time/Short-term Risk Management Courses – PG
Mainly Colleges offer the Risk Management courses under short term courses. The duration of the courses is usually three months to 12 months. G H Raisoni University, Amravati offers PG Diploma in Risk Management. The duration of the programme is 12 months.
Online Risk Management Courses –PG
Candidates can pursue the PG degree for Risk Management in online mode. Candidates can pursue the course at their convenience. Check the table below to know the institutes offering the online Risk Management course- PG
Online PG taxation Courses |
Institutes/Portals Offering |
---|---|
Online Post Graduate Diploma in GMP (Good Manufacturing Practices) |
Cliniminds Institute of Health Science Training and Mangement |
Online Diploma in Business Administration + Executive Master Program in Business Administration |
|
Risk Management Diploma Courses -PG
Candidates can pursue a diploma in Risk Management course at PG level. The eligibility criteria for the Diploma programme remain the same as for the PG degree course. Admission to Diploma in Risk Management- PG is granted on a merit basis. Tabulated below is the list of courses and colleges offering the Diploma in Risk Management:
Taxation Diploma Courses-PG |
Institutes Offering |
---|---|
Post Graduate Diploma in Insurance and Risk Management |
Gauhati University – GU |
Institute of Insurance and Risk Management |
|
Post Graduate Diploma in Banking, Risk and Insurance Management |
|
MIT School of Distance Education, MAEER |
|
Swami Vivekananda Institute of Management and Technology |
FAQs on Risk Management Courses
Q: Which are the best courses for Risk Management?
A: Aspirants can pursue Risk Management courses at various levels- UG, UG Diploma, PG or PG Diploma. Candidates can pursue a suitable course as per their qualifications and eligibility.
Q: What are the qualifications required to pursue Risk Management course?
A: Candidate’s qualifications are required as per the level of programme he/she wishes to apply for. For UG risk management courses admission candidates must have passed Class 12th examination from a recognised board of examination. For a admission to PG in risk management candidates are required to have completed a bachelor’s degree from a statutory institution/university.
Q: What is taught in Risk Management course?
A: The Risk Management course aims at making candidates understand how to take advantage of the upside and minimise the downside.
Q: Is Risk Management taught at the UG level?
A: Yes. Candidates can pursue a UG degree or UG diploma in Risk Management. Some of the popular courses that teach risk management at UG level are BBA in risk management and B.com in Risk Management.
Q: What is the fee range for Risk Management courses in India?
A: The fee range of the top Risk Management colleges in India ranges between INR 5 Lakh. The fee range varies from college to college and mode of education.
Q: Which are the popular colleges for Taxation at PG level?
A: The popular colleges for pursuing a course in Risk Management at PG level are:
- BHU - Banaras Hindu University
- IIT Kanpur - Indian Institute of Technology
- Gauhati University – GU
- AMU - Aligarh Muslim University
- Swami Vivekananda Institute of Management and Technology
Q. Which are the top recruiters for Risk Management course?
A: Some of the top recruiters for Risk Management are:
- E&Y
- Coffee day beverages
- Federal Bank
- Preethi Appliances
- Karvy Stock Broking
- Cult Fit
- ITC
- My Gate
- HDFC Bank
- Pinclick
- Manjushree Techno Pack Ltd
- Apollo Munich
Q: Is there any age limit to pursue a UG or PG course in Taxation?
A: Candidates having age above 17 years can pursue a UG level course and candidates above the age of 23 years can pursue a PG level course in Risk Management.
Q: What are the popular entrance exams in Risk Management PG Degree?
A: Some of the popular entrance examination conducted for admission to PG degree in Risk Management are:
- CAT
- MAT
- XAT
- ATMA
- BHU PET
- CMAT
- NMAT
Q: Which are the popular entrance examinations for UG Degree?
A: Some of the popular entrance examinations conducted for admission to UG degree in Risk Management are:
- SAT India
- CUCET Chandigarh University
- MRNAT
- JET
Q: Why is risk management important to learn in finance?
Risk is the probability that describes the results will differ than as desired. Financial risk is one type of risk that refers to loss in profits in a firm.
There are multiple risks associated with financial investment and if any company is planning to invest in any securities, stock market or business idea; the risk management team will thoroughly analyse all the direct and hidden elements related to that particular investment decision. Thus, risk managers contribute in making wise decisions and help top management.
Risk is an integral factor in the world of investment, professionals who can help the companies in deviating from the possible risky outcomes will always be in demand.
What is the benefit of learning risk management in finance?
Risk management requires approaches like risk avoidance, reduction, risk sharing, and risk retaining. These tasks are always challenging and need a finance professional's help.
- Those in financial risk management can work with all sorts of financial companies and can even land a job in Fortune 500 companies.
- The roadmap towards growth in financial risk management is swift, and you can easily aim for higher positions by taking risk management certifications and training.
- You will have the right knowledge of finance industry trends, and with the right experience, you can even get into consultation roles.
What does financial risk management involve?
Financial risk management covers an understanding of financial instruments and involves factors like market rates, liquidity, market volatility, and banking book risks. So for aiming for a job as a financial risk manager, you must hold the right skills and have expertise in areas like treasury, trading, and investment banking. You must also be well versed with market product information and expertise to leverage them to minimize the overall financial risk.
How do I become a certified financial risk manager?
Here are some steps you can take to become a certified financial risk manager.
- Go for advanced risk management certifications to aim positions like Financial Risk Managers (FRM), Professional Risk Manager (PRMIA), CFA, etc.
- Gain expertise and stay updated with regulatory requirements related to model risk management
- Exhibit strong organizational skills
- Illustrate the ability to work on concurrent projects
- Master the ability to translate complex statistical situations and give right analysis to mitigate the risk
- Propose the right plans to address the possible risks
- Learn to prepare benchmarking comparisons
- Gain additional skills like ability to demonstrate financial planning, sound knowledge of fraud detection, credit risk management, anti-money laundering, asset and liability management, and Dodd-Frank Act Stress Testing (DFAST).
- Popular Risk Management Colleges in India
- Popular Private Risk Management Colleges in India
- Popular Exams
- Most Popular Courses
- Popular Risk Management UG Courses
- Popular Risk Management PG Courses
Popular Risk Management Colleges in India
Popular Private Risk Management Colleges in India
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Student Forum
Answered 2 months ago
Absolutely, yes. Risk Management is one of the most important core subjects covered in the Banking syllabus of almost all courses. This is because banks are on the verge of credit risks, market risks, and operational risks, for which essential risk management knowledge is important to assess and mit
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Is risk management in banks a part of the Banking syllabus?