Risk Management is that branch of Management which deals with the study of assessment and control of any risk that a business organization might face, whether financial, technical, natural or health. The proper identification, and rectification of these risks, which could affect the human life or the business of the organization, is the main concern of Risk Management. The natural disasters or a financial crises, the market value or the criticality of a project, everything can hamper the resources and status of the organization which needs to be taken care of, through this department.
The course needs highly efficient workers and hence you can apply for it after finishing your graduation. Through common entrance examinations, like CAT, MAT, XAT, SNAP, you can be a part of MBA programmes under any reputed college or University that offers a proper 2 year long course. You can also apply for PGDM courses which are as popular.
Some of the reputed Colleges and Universities, offering courses on Risk Management, in India are:
- Institute of Insurance and Risk Management, PG Diploma
- Amity School of Distance Learning, PG Diploma
- Centre for Insurance and Risk Management, PG Diploma
- Narsee Monjee Institute of Manageemnt Studies, MBA
- Symbiosis Institute of Distance Learning, PG Diploma
- International School of Business and Media, PG Diploma
- George College, Bachelors in Insurance and Risk Management
- National Institute of Disaster Management, various courses
For the entrance exams the student should work on the previous years' question papers and need to be thorough with basic elementary business ideas of School level. Analytical and reasoning skills need to be work upon and English skills also need to be strengthened. Update yourself with market strategies and economical structure of the country.
You have various future prospects in this industry, as the market ups and down, calamities or financial crisis, are inevitable aspects of a business, to manage which qualified risk managers are hired. You can get a job on various posts like, risk analyst, business analyst, consultant, senior consultant, manager and so on. The sectors, be it private or government both require risk management teams in their firms.