Online Risk Management Certificate Programs
Earning an online certificate in risk management is a significant shortcut in accreditation, compared to, say, a five-year doctoral program. Degrees in risk management are becoming more and more useful for employers and third-party companies, as a candidate with a background in risk management is prepared in areas of emergency and disaster management, ranging from extreme weather to layoffs to supply chain disruption.
A certificate in risk management is perfect for people who must remain part-time, whether due to the demands of full-time employment and/or their children. In some cases, a certificate in risk management supplements a business manager or public employee’s day job by providing them with the skills they need to formulate and execute the best responses in emergencies and disasters.
Who Should Apply for an Online Certificate in Risk Management?
Online certificate programs in risk management are ideal for those who plan to pursue or advance their career in enterprise risk management.
It is also optimal for individuals well within their career paths who want to expand their abilities in traditional silo risk management in areas such as compliance, insurance risks, audit, and information technology.
You’ll learn all about the nuances of operations and markets, as well as reconnecting with those research and analysis abilities that got you primed for a career in business operations to begin with.
What Prerequisites Are Required to Earn an Online Certificate in Risk Management?
While online certificate programs in risk management don’t require the long list of requirements that a doctoral in risk management carries with it, you still need specific minimums to before you pursue your online certificate. For most certificate programs, you’ll need a bachelor’s degree.
In some cases, online certificate programs ask for a background
screening. That’s it!
How Do Certificate Programs Differ from Degrees in Risk Management?
People choose to earn certificates in risk management over specific degrees when they want to explore the specific areas of business management that teach crisis recovery and risk mitigation. For example, a person who already has a masters degree in finance might wish to learn more about the development of system-wide continuity plans without going through the rigamarole of courses in cohort economics and corporate finance theory.
That person’s best interest might be to go with a certificate program. Rather than be a doctor of risk management and insurance, your role would be a risk management specialist, which is pretty handy.
How Long Does It Take to Earn an Online Certificate in Risk Management?
There’s also the difference in time, which makes the online certificate program much more attractive to the busy professionals out there who are already doing 10-too-many extra things with their day.
An online certificate in risk management can be complete in less than one year at the part-time level, and is usually offered as a four-course program.
What Do Courses Look Like?
While online risk management certificate programs vary, programs tend to share some foundational courses in their four-course (or five-course) programs. You may find some of this subject matter familiar from your college days in economics classes, but it’s possibly a bit fuzzy and certainly not as specifically geared.
Otherwise, these could all be completely new course paths for you. Either way, here are few courses to expect from a certification program.
5 Subjects in an Online Risk Management Certificate Curriculum
- Principles in Risk Management
- Analysis of Risk
- Control of Risk
- Financing of Risk
- Practice of Risk Management
These courses test overall knowledge of risk management, underscore the importance of analyzing and measuring risk, understanding crisis management policies, finding financial options that minimize operational losses, and implementing risk management strategies within an organization.
If you are taking these courses on behalf of an employer, these skills may prove to be tremendously useful, and you’re likely to make a few bosses very happy with your knowledge.
How Much Does It Cost?
If a certificate in risk management is what you’re after, an online program sets you up with the most at-ease version of earning your diploma.
This isn’t to say that you’re not working super hard, but the various obstacles that would otherwise get in your way are no longer obstacles, or at least not as monumentally difficult. The cost of getting your diploma at an online risk management certification program ranges, based on the prestige associated with a university or program’s instructors. But let’s get to brass tacks here: How many coins do you need to shell out?
Depending on the credit requirements—usually, this certificate program is 12 credits, but each program is different—a program may charge per credit while others still charge per course.
Programs tend to range between $2,000 and $13,000, which is quite a disparity.
Do your research: Does the program charge per credit hour or per course package? If it’s by credit hour, that can range from $850 per credit hour to $1,350 per credit hour, the sum of which can become staggering very quickly.
Keep in mind, too, that some programs have application fees. Before you even apply, you’ll want to be sure that the school to which you’re applying will have the necessary benefits you need.
Is It Better to Earn an Online Certificate Over an On-Campus Certificate?
The main benefit of online certificate programs is that it is tailored to your needs. Whether you’re earning a certificate for an existing job or childcare obligations, you can’t exactly drop everything and drive to a campus, sit in on a class at a set time, and be in the best mental state after all that to absorb information.
Let’s take a look at the benefits of an online certificate program.
In addition to possibly earning your certificate sooner, you may also save your money: Online certificate programs can be much less expensive than traditional degree programs. If you already have a full-time job, you won’t have to take time out of those hours to gain the credentials that an online program can offer. It certainly won’t impact your potential earning potential—the very opposite!
There's fewer education requirements: Unlike traditional degree requirements, online certificate programs tend to be a lot less draconian about your previous education.
The only requirement for most programs is a bachelor’s degree, and even then, you may be able to find additional flexibility. Beyond your bachelor’s degree, though, there are usually no prerequisites required. (A doctoral in risk management, for example, requires transcripts, GRE/GMAT, recommendation letters, a personal statement, and a resume/CV, at least.)
What Kind of Jobs Can I Get with a Certificate?
According to PayScale, certified risk managers (CRM) make an average salary of $83K in the United States.i
The following employers are the most likely to hire a CRM:
- AXA Financial, Inc.
- The Travelers Company, Inc.
- Century Business Services, Inc. (CBIZ)
- Capital One Financial Corp
Not only that, but it would appear that CRMs are very satisfied in their jobs, based on a 5 out of 5 rating through PayScale. And did you know that the most popular cities to become a CRM are in Denver, New York, Houston, Chicago, and Nashville? Here’s to mountains, pizza, tacos, hot dogs, and rock ‘n roll!
Here are the top jobs for CRM Employees, according to PayScale:
- Risk Manager
- Account Executive
- Account Manager
- Director, Risk Management/Risk Control
- Police or Sheriff’s Patrol Officer
- Senior Risk Manager
Earn Your Online Certificate in Risk Management
There are more good reasons to pursue an online certificate program in risk management than we can count. That’s because individuals with CRMs are prime candidates to take on more business opportunities and take, well, risks!
Our sponsored listings showcase a range of 18 months toward certification, a 24-month online MBA, an online Master of Science in Analytics (MSAn), or a flexible online masters program. Make sure to use our online features to get details from the prospective schools, stay on top of application deadlines, and make an educated decision about your education. Get started now!
New York UniversityGraduate Certificate in Enterprise Risk Management