Top Online Masters in Risk & Project Management Degrees

Risk management, business continuity management, and project management strategies all seek to mitigate and manage elements of risk within business entities and other organizations. Having a masters in risk management degree can open the doors to careers in management, administration, or other business involvement. The following schools all offer accredited online master's degree programs in risk management or closely related subjects.

Boston University
MS in Risk Management
 Boston University . The MS degree in business continuity, security, & risk management at Boston University is designed to teach student the concepts needed to prevent, plan for, and respond to items that threaten to disrupt business operations. This includes learning the ability to perform business wide risk analysis, incident response, compliance issue response, and disaster recovery. The course is structured to include all organizations with a business.
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Walden University
MBA in Risk Management
MS in Project Management
MBA in Project Management
 Walden University . Walden University's MBA in risk management, MS in project management, and MBA in project management prepare graduates for the world of project and risk management. These programs feature a dynamic curriculum that teach the skills needed to manage projects and lead diverse teams to achieve strategic goals.
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Keller Graduate School of Management
Master of Project Management
 Keller Graduate School of Management . Accredited by the prestigious Project Management Institute Global Accreditation Center, Keller's Master of Project Management program can be taken both online or on-campus. Keller also offers career services to help students find opportunities throughout the business and non-profit world.
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Norwich University
MS in Business Continuity Mgmt
MS/BCM: Private Sector
MS/BCM: Govt Operations
 Norwich University . The Master of Science in Business Continuity Management program at Norwich University develops leaders necessary to find effective solutions that threaten the future growth or existence of a company. Specialization in private sector and governmental operations are available within this program allowing you to tailor the curriculum to your desired type of business organization upon graduation.
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Capella University
MS in Information Assurance
MS in Emergency Management
MS in Project Management
MBA in Project Management
 Capella University . The MS in information assurance & security, MS in emergency management, MS in project management, and MBA in project management from Capella University allow students to achieve advanced study in the arts of these innovative programs while maintaing their busy work schedules.
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University of Maryland University College
MS in Cybersecurity
 University of Maryland University College . As companies continue to expand their online presence, greater need is generated for employees to support companies in this capacity. The MS in Cybersecurity program teaches students how this infrastructure allows the existence of new types of business models, adds convenience to people, aids in our national defense, and enhances the ability to communicate with one another. In order to protect these benefits, graduates will be able to prevent and address network outages, data breaches by hackers, and the threat of viruses.
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Jones International University
MBA in Information Security
 Jones International University . A Masters in Business Administration degree in Information Security Management provides the framework to improve information security within an organization. This program develops practical skills within its candidates ranging from risk assessment and management, incident response, business continuity planning, and protecting information from hackers. This program also develops leadership skills preparing graduates for management.
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University of Liverpool
MS in Project Management
 University of Liverpool . The online MS in Project Management from the University of Liverpool teaches students the skills needed to lead advanced projects and programs, along with management disciplines and their applications across a variety of sectors. Specialized programs are available in Oil and Gas, and Construction and Infrastructure.
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Kaplan University
MS in Project Management
MBA in Project Management
 Kaplan University . Kaplan University's MS in project management and MBA in project management offer advanced training to help students develop the skills they need to find solutions in real-life business situations. Students will analyze theories and trends of leadership, study ethics in making strategic business decisions, and learn organizational finance methodologies.
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Colorado Technical University
MS in Project Management
 Colorado Technical University . Designed to be completed in 15 short months, the MS in Project Management through Colorado Technical University's online program teaches leadership, risk analysis, project design and development, time management skills, communication, and team motivation. Specializations are available in human resources, engineering, and information technology.
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A Masters in Risk Management is a degree that prepares you to work in the business or financial sector. These positions are expected to have high demand in coming years as companies instill more rigorous spending habits and money management techniques. A risk management expert can help a company make important decisions that make or break the company’s future. Working in risk management is usually a high stress environment with many long hours. Typically, someone with a background in finance, statistics, and mathematical modeling will be an ideal candidate for a career in risk management, because the work involves a great deal of analysis, trend-monitoring, and mathematical modeling of financial plans Risk management is used in many industries, but financial companies employ the highest number of risk management analysts.

What Do Risk Managers Do?

The main goal of a risk manager is to allocate the funds and other resources of their company so that even if something goes catastrophically wrong in one segment of the business, other parts of the business remain unharmed. This can be done by:

  • Diversifying an investment portfolio, so that high risk investments are hedged by ones with lower margins, but higher likelihood of success.
  • Maintaining a good balance of debt to income, so that a company still has leverage if a situation crops up where it needs some liquid capital to get out of a bad situation.
  • Insuring a company’s physical assets, and protecting them from damage and devaluation in other ways.

Risk management experts are often brought in to work on a contract basis instead of as a full time employee. A good risk manager could work in a consulting role or as a contractor for several clients at once, thereby maximizing his or her personal income and workload. Contract jobs usually involve working with a particular department or division of a company, and making suggestions to the top management of the division, which they can implement and test for efficiency at minimizing losses.

A risk management expert breaks projects down into several parts such as integration management, scope management, time management and quality management. There are many factors to assess when examining a new project. Risk managers usually specialize in a particular field, because knowledge learned from one project can usually be applied to the next, and a deep expertise can build up over years of working with the same types of client. Fields of expertise for risk management analyzers may include:

  • Healthcare
  • Public service
  • Finance
  • Real estate

Prerequisites for a Risk Management Degree

Many obtaining a Master of Risk Management have an undergraduate degree in the subject they will go on to become experts in. This means someone with undergrad work in finance will go on to obtain a Master of Risk Management and then find employment at a hedge fund after graduating. Someone with a background in environmental science may go on to work for a government-funded environmental agency. This is important to note when studying risk management. Almost everyone has a background in another field, even a very general one such as business. Hardly anyone studies only risk management.

Ultimately, a risk management expert helps a company or organization understand how the project will work through its development stages. A risk management expert helps identifies who the key players are and what their responsibility should be during the project. Risk management experts also help bring in other contract employees to work on a project. This is where a risk management expert is the most beneficial to a project. Often companies want to rush a project along regardless of hiring the right people or assessing if it’s the right time to move forward with the project. A risk management expert is able to analyze the situation and circumstances and make a call on when and how to go about hiring and moving into the next stage of the project. If a project gets pushed back because the right people aren’t on board to make the project successful, a risk management expert can help the powers that be understand it isn’t the right time to move forward. Moving forward with people who may not be able to perform or fulfill their duties will end up costing the company time and money in the end. A risk management expert also helps those involved in a project communicate effectively. No matter how many emails are flying around, if this isn’t effective communication, it isn’t helping the project. All parties involved should understand what’s required and what the next stages of the project are.

Job Outlook for Risk Management Experts?

Risk management experts usually experience fierce competition for contract or employee positions. It is all about networking and making your services essential for a company. Companies often reach out to the same risk management experts time and time again if they have a good track record. It’s important to network with other professionals and attend industry events to get your name out there. A website and social networking profiles are proving to be useful tools for risk management experts.

The pay for a risk management expert ranges from $40,000 per year to over $100,000. It depends on experience and the industry you work in. Risk management specialists are often hired in the financial sector, and so are built right into the budget of many firms. Risk management experts are not as common in other industries, so the pay will be less predictable. It is up to you to increase your earning power by making your services a necessity for a company working on a new project.

Classes Offered in Risk Management Programs

The classes involved in a risk management degree program are ones that will teach you to analyze numbers and also accelerate insight so that you can make good decisions and strong investments quickly. Some classes you might be able to take include:

  • Modeling for Strategic Insight: This class will teach you how to build data models using Excel and other spreadsheet and probabilistic modeling software, so that you can analyze the viability of a strategy through simulation before taking on any real risk.
  • Collaborative Decision Making and Negotiatioin: This class addresses both collaborative and competitive decision making models, and discusses managing business relationships and seeking “win-win” conditions in business situations.
  • Converting Strategy to Action: This is a project management course that emphasizes the fast-paced, constantly innovating business climate of today. Elements of the course will include time management under pressure, efficient resource deployment, and aligning individual projects with the long term strategic goals of a company.

    • These courses are made to build on an already existing body of business knowledge and experience. A student with no work history in corporate settings may have a hard time understanding and implementing the strategies discussed. Successful risk management involves a combination of tested business strategies and empathy, because the only way to work with a team efficiently is to know each member’s strengths and use them accordingly.

    The Best Risk Management Programs

    A good time to go back to school for risk management is when you’ve already had a few years of experience in some type of business, and are interested in scaling up your ability to manage people and resources in a large and fast-paced corporate situation. If that sounds like you, then clicking around the list below can get you into contact with some schools offering high quality, accredited programs in risk management and other aspects of business that can help relight the fire under your career.

Full Collection of Universities with Masters in Risk Management Programs

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