By BCR Staff
Businesses hire risk managers to assess the financial risks involved when executing a project or strategy. Risk management is extremely important as it can often predict the profits a business makes as well as any losses it can expect to endure. Risk managers work in public and private organizations as well as with government and non-profit organizations. Most positions in risk management require a minimum of a bachelor’s degree.
Rating and Ranking Methodology
• Under $30,000—1 point
• Under $25,000—2 points
• Under $20,000—3 points
• Under $15,000—4 points
• Under $10,000—5 points
• Under $5,000—6 points
• Content Customizations (e.g. Minors, Concentrations, Specializations, etc.)—1 Point Per Customization Option
• Format Customizations (e.g. Hybrid/Online, Full-time/Part-Time, etc.)—1 Point Per Customization Option
• 1 point awarded for each unique feature or program that “wowed” us
Best Online Bachelor’s Degrees in Risk Management
To compile this ranking, our editors performed a comprehensive web search to identify all online bachelor’s degree in risk management programs in the US. We then applied the rating and ranking methodology above to determine the top 10 offerings. We list these programs here according to the number of points received. In the case of a tie, the more affordable school was awarded the higher ranking.
If you are seeking more general information regarding distance learning, check out our ranking on the best colleges online.
#10 – Southern New Hampshire University
Online Bachelor of Science in Finance: Financial Planning
The online bachelor risk management degree offering from Southern New Hampshire University is a Bachelor of Science in Finance with a concentration in Financial Planning. Enrolled students will complete a general education program and take degree-specific courses such as Risk Management & Insurance Planning, Financial Regulations & Ethics, Fundamentals of Investments, and Estate Planning & Taxation. The program is transfer-friendly, allowing students to transfer up to 90 credits towards degree completion. SNHU’s risk management bachelor’s degree online graduates go on to fill professional roles as budget analysts, financial managers, financial services agents, and more.
#9 – Ohio Christian University
Online Bachelor of Arts in Business: Insurance
Ohio Christian University’s online bachelor’s in risk management degree option is a Bachelor of Arts in Business with a concentration in Insurance. Concentration-specific courses include Insurance Operations, Property and Liability Insurance, Risk Management, and Life and Health Insurance. It is important to note that since the university is a faith-based institution, course topics are approached from a religious standpoint. Students will also be required to take religious courses such as Christian Excellence and Introduction to Theology. This risk management bachelor’s degree online program is available on campus and completely online.
#8 – Capella University
Online Bachelor of Science in Business: Finance
Capella University’s online bachelor’s in risk management option is a Bachelor of Science in Business with a specialization in Finance. The curriculum is comprised of core courses such as Developing a Business Perspective and Fundamentals of Accounting as well as specialization courses like Risk Management Strategies, Investments & Portfolio Management, and Ethics & Enterprise. Capella’s risk management bachelor’s degree online students find employment as risk managers, fraud detection associates, internal auditors, securities analysts, and more.
#7 – Franklin University
Online Bachelor’s in Risk Management and Insurance
The online bachelor risk management degree option from Franklin University is a Bachelor of Science in Risk Management & Insurance. In addition to a business core, enrolled students will take courses such as Property and Casualty Insurance, Fraud Examination, Legal Elements of Fraud, and Advanced Financial Management. A Risk Management & Insurance capstone course is also required. A unique subsequent bachelor’s program is also available for those risk management bachelor’s degree online students who already hold an undergraduate degree in another area.
#6 – Penn State Online
Online Bachelor of Science in Business: Financial Services
Penn State’s risk management bachelor’s degree online option is a Bachelor of Science in Business with a specialization in Financial Services. In addition to fulfilling a general business core, enrolled students will take specialization-specific courses such as Investment & Portfolio Analysis, Personal Financial Planning, Estate Planning, and Taxation. This highly comprehensive program is offered in collaboration with the business school’s of seven different Penn State campuses. All online bachelor’s in risk management courses are taught by Penn State Faculty who approach course topics from a theory-to-practice perspective.
#5 – University of Maryland University College
Online Bachelor of Science in Finance
University of Maryland University College’s online bachelor’s in risk management program is a Bachelor of Science in Finance degree that is also available as a minor. Specialty course topics include Investments, Security Analysis & Valuation, Risk Management, and Contemporary Issues in Finance Practice. UMUC’s risk management bachelors degree online graduates are well-prepared for careers in contract management, portfolio analysis and management, insurance, financial planning, and insurance. Scholarships are available for qualified students.
#4 – Florida International University
Online Bachelor of Business Administration: Finance
Florida International University’s risk management bachelor’s degree online offering is a Bachelor’s of Business Administration program with an optional Finance track. The 120-credit hour program is offered through the school’s R. Kirk Landon Undergraduate School of Business and features course titles such as Financial Risk Management- Financial Engineering, Securities Analysis, and Financial Markets & Institutions. The requirements for the degree can be met entirely online, and students can begin the program in the Fall, Spring, or Summer. All online bachelor risk management degree students are paired with a success coach.
#3 – Eastern Kentucky University
Online Bachelor of Business Administration: Risk Management and Insurance
The online bachelor risk management degree from Eastern Kentucky University is an online BBA in Risk Management & Insurance. The 120-credit hour program is offered entirely online, and the curriculum covers course topics such as claims handling, estate planning, operations management, life insurance, and more. The program is accredited by AACSB International, and classes are taught by the same professors who teach on campus. Eastern Kentucky’s online bachelor’s in risk management graduates go on to pursue careers as underwriters, claims adjustors, financial planners, and risk analysts.
#2 – Indiana State University
Online Bachelor of Science in Insurance and Risk Management
The online bachelor’s in risk management degree option from Indiana State University is a Bachelor of Science in Insurance & Risk Management. In addition to completing a required business core consisting of courses such as Business Information Tools and Legal Environment & Business, students will take major-specific classes like Introduction to Risk Management & Insurance, Life Insurance, and Commercial Property Risk Management & Insurance. Indiana State’s online bachelor risk management degree students can customize the content of the program’s curriculum to some extent through the selection of nine credit hours of elective classes.
#1 – Kent State University
Online Bachelor of Insurance Studies
The online bachelor’s in risk management offering from Kent State University is a Bachelor of Science in Insurance Studies program featuring three optional concentrations: Chartered Property Casualty Underwriter Holders, Life and Health Insurance, and Property and Casualty Insurance. Requirements for the major include course titles such as Introduction to Management Technology, Business Law & Ethics, and Fundamentals of Financial Management. Depending on their concentration, risk management bachelor’s degree online students will also take classes like Commercial Insurance, Life and Health Insurance Operations, and Advanced Topics in Property and Casualty Insurance