Risk Management Online Courses & Certifications

The best risk management courses are on Coursera, Udemy, Riskpro Learning, the Institute of Risk Management, and IIT Kanpur. These are the best MOOC platforms, recognised certifying bodies, and high NIRF-ranking or globally reputed institutes. 

All you need to decide is whether you need foundational learning or want to advance at any point in your career as a risk professional. It’s even better to have a background in finance, business administration, like a BBA, or data analytics. Find out the top risk management courses today. 

 

Why Learn Risk Management in 2024

Risk management is not exactly an entry-level profession. If you are starting out in this career, a bachelor’s degree in a relevant field is necessary. Beyond that, you would have to take risk management courses. This is when you are considering moving up from a supportive role. Preferably, go for certifications that are recognised at a global level. 

Current Scenario in Risk Management	How Risk Management Courses Help
Risks such as AI-created disinformation, cyber-attacks, and shifting economic landscapes will require organisations to sustain themselves in 2024 (C2)	The latest risk management courses cover such topics so that your learning is not outdated.
The global regulatory environment is continuously changing. About 75% of organisations cannot improve risk management (PwC).	The latest training prepares employees, departments, and enterprises to manage future crises and risks. You not only learn how to assess and mitigate risks but also learn tools for analysing risks in today’s complex business environments.

Career in Risk Management

A career in risk management is also quite diverse and lucrative. In India, a risk analyst in mid-management role with six years of experience earns up to INR 18 Lakhs per year or more. For a top-level managerial role like Director of Risk Management, one’s yearly income is around INR 48 Lakhs. 

Have a look at the typical risk management career path. 

Risk Management Job Roles	Base Requirements
Risk Analyst/Junior Risk Manager	Bachelor's degree in Finance, Economics, Business Administration, or a related field. Strong analytical skills. Knowledge of risk management principles and techniques.
Risk Manager/Senior Risk Analyst	3-5 years of experience in risk analysis or related roles.  Master's degree in Finance, Economics, or Risk Management (preferred). Experience in using risk management software. Demonstrated leadership and decision-making skills.
Chief Risk Officer (CRO)	7-10+ years of experience in risk management, with increasing levels of responsibility.  Master's degree in Finance, Economics, or Risk Management.  Professional certifications such as FRM (Financial Risk Manager) are often required or preferred. Strong leadership and strategic planning skills. Experience in managing cross-functional teams. Excellent communication and stakeholder management skills.

How to Learn Risk Management and Choose the Right Course

You have several options for starting to learn risk management. 

One is to learn informally, taking free risk management courses from platforms such as Alison, Coursera, and Great Learning. 

The field of risk management, however, requires some practical experience. This is when you are an intermediate. You will need a hands-on understanding of the practical concepts and tools to apply in real business scenarios. This is possible with paid and mostly, budget-friendly, risk management courses from places such as Coursera, edX, and Udemy. 

Another important learning route you should not ignore is preparing for the risk management certification exams. 

Certifications such FRM from GARP, CFE, ERMCP (Enterprise Risk Management Certified Professional), and similar are quite popular.  The popular Kaplan Schweser guides are quite helpful for the FRM exam. Udemy also has some of the bestselling courses on FRM exam preparation. 

And if you plan to go in-depth in your learning, you can always invest your time in a master’s programs online or even a graduate one. IIT Kanpur, Missouri State, etc., are some great universities to go for. 

So for recap:

1. For best free courses on risk management, choose Alison, Coursera, and Great Learning
2. For specific topic upskilling or specialisations, choose Coursera or edX
3. For risk management certification exam preparations, go for Udemy, Riskpro Learning, VSkills, and similar
4. For postgraduate programmes, choose online learning from top universities such as IIT, Missouri State, University System of Georgia, and the like 

Top MOOCs Offering the Best Risk Management Courses

 

Risk Management Courses on Coursera

Coursera’s risk management courses are for beginners and intermediates. 

Take any of these courses when you plan to learn interrelated concepts in the domain, such as - 

1. Leadership and Management: These skills are necessary for identifying, assessing, and mitigating risks within any organisational structure.
2. Finance: Delve into financial concepts and tools that are essential for risk analysis and decision-making in the financial industry.
3. Probability and Statistics: Some risk management courses have modules on probability and statistics to understand the likelihood of different risks occurring and how to interpret data effectively.
4. Strategy and Operations: Learn how risk management fits into overall business strategy and operational planning.
5. Financial Analysis: Analyse financial data to assess potential risks and make informed decisions.
6. Market Analysis: Focus on market analysis and how external factors can impact risk within different industries.
7. Regulations and Compliance: Understanding regulatory frameworks and compliance requirements relevant to risk management practices.

Top Universities and Partners offering Risk Management Courses in Coursera

1. University of Pennsylvania
2. University of Califoria, Irvine
3. University System of Georgia
4. Infosec
5. Columbia University
6. Erasmus University Rotterdam

Risk Management Courses on Udemy

Udemy has a couple of short risk management courses. The good ones are regularly updated. Ideally, you would want to go for introductory level courses here. 

Choose Udemy to learn risk management for the following reasons. 

1. Risk Management Methodologies: Quickly learn the essential risksuch as PHA, FTA, FMEA, HAZOP, and HACCP. 
2. FRM Exam Prep and Implementation: Mitigate financial risks and optimise financial rewards in a business setting.
3. Risk Planning in Scrum: Risk management is also related to project management. Udemy has some good courses of risk planning in scrum environments.  
4. Risks due to Climate Change: Gain insights into the risks associated with climate change and learn strategies to adapt to environmental challenges. 

Top Instructors on Udemy for Risk Management Training

1. Six Sigma Academy Amsterdam
2. Jason Dion 
3. Eslam Eldakrory

Risk Management Courses on edX

edX has some of the finest risk management courses in partnership with the best colleges and institutions. There are many archived courses too here, and new sessions open at specific dates. 

The major USPs of edX when it comes to learning risk management are below. 

1. Risk analysis and management: Get introduced to types of risks. Learn how to develop risk management plans that hinder goals of an organisation. 
2. Enterprise risk management: Gain insights on fundamental concepts and techniques related to financial and business risk management. 
3. Project risk assessment: Learn how to use statistical tools to measure project risks, evaluate project values, and devise risk mitigation strategies.
4. Specialised risk management areas: Take courses on specialised topics such as financial risk management, cybersecurity risk management, credit risk management, and legal risk management. 

Top Institutes and Partners of edX for Risk Management Training

1. IIM Bangalore
2. State Bank of India
3. New York Insitute of Finance
4. Stanford University
5. Rochester Institute of Technology

Top Risk Management Courses in 2024

This list of the top risk management courses is based on positive reviews, number of learners enrolled till date, value-for-money, and instructor/university ratings. Some of these courses also feature accreditations from major certifying bodies. 

Course Name	Platform/University/Instructor	Duration
Risk Management Specialization	Coursera with New York Finance Institute	1 month
e-Masters in Quantitative Finance and Risk Management	IIT Kanpur	1 year
Risk Assessment and Management - E-Learning - CPDUK Accredited	Mandatory Training Group	4 hours
Quantitative Enterprise Risk Management Graduate Certificate	Missouri State	Self-paced
Cybersecurity Risk Management Framework Specialization	Coursera with Infosec	1 month
ISO 31000 Risk Management	British Standards Institute	1 day
Enterprise Risk Management- IRM Level-I	Institute of Risk Management	30+ hours
Certification in Risk Management Assurance	Udemy with Adrian Resag	9+ hours

What You Gain from the Listed Courses on Risk Management

These outcomes are likely going to give you a competitive edge in any risk management role. 

1. Master in-demand skills for roles in STEM, finance, banking, and investment management sectors.
2. Be equipped to undertake and manage risk assessments within various environments.
3. Get alumni status and/or university certificates when you complete risk management courses with assessment, exams, or capstone projects on Coursera and IIT Kanpur. Open up networking opportunities too.
4. Build a globally employer-appealing portfolio with accredited certifications. 
5. For IT-related risk management training, Coursera’s cybersecurity framework course will help  you acquire skills to create essential documents like the Body of Evidence (BOE), System Security Plan (SSP), and Plans of Action and Milestones (POAM). 

Secure Your Future and Organisation with Risk Management Courses

Whether you are an organisation or an employee in the risk management department, the courses listed here will help. Shiksha Online continually updates and gets you the top rated courses all in one platform from the best universities and MOOC platforms. You can compare the courses here, look at reviews, and find the best options that eases your schedule and online learning.