Risk Management courses : Fees, List, Admission

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.   

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.   

A: The Risk Management course aims at making candidates understand how to take advantage of the upside and minimise the downside. 

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. 

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.  

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 

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 

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.   

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 

A: Some of the popular entrance examinations conducted for admission to UG degree in Risk Management are: 

• SAT India 
• CUCET Chandigarh University 
• MRNAT 
• JET 

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. 

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.

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.

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).