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
Featured Online Schools
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 5 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.
#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.
#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.
#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.
#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.
#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.