Risk Management is that branch of Management which deals with the study of assessment and control of any risk that a business organization might face, whether financial, technical, natural or health-based.
Risk Management is concerned with:
Every investment exposes itself to multiple risks which may come in the form of:
Due to the critical nature of such risks and the impact they can have on the business, a Risk Management Specialist’s role is indispensable to an organization.
The minimum eligibility for admission to the course is the successful completion of the Senior Secondary (10+2) level of education, with a minimum aggregate score of 50%.
Commerce/ Mathematics need to have been the main subjects of study at the 10+2 level.
Such graduates are hired in areas such as:
The average tuition fee charged for the course in India ranges between INR 5000 and 2 Lacs for a span of 3 years.
The average annual salary offered to such professionals ranges between INR 3 and 20 Lacs, increasing with experience and expertise.
Listed below are some of the major highlights of the course.
|Examination Type||Semester System/Year wise|
|Eligibility||10+2 with 50% aggregate marks with Commerce/ Mathematics|
|Admission Process||Based on performance in entrance exam|
|Course Fee||INR 5,000 to 5 Lacs|
|Average Starting Salary||INR 3 to 20 lacs per annum|
|Top Recruiting Companies||HDFC, HSBC, CITI BANK, Barclays, BPO, TATA Consultancy, Bank of America, CT Municipal Electric Energy Cooperative, China CITIC Bank, Citibank, Credit Suisse, Deutsche Bank, Financial Accounting Foundation, First Hartford Corp., GE Capital, Goldman Sachs, IBM, Integrated Financial Engineering, K2 Advisors/Franklin Templeton, KPMG, Kroll Bond Rating, Moody's, Morgan Stanley, People's Bank of China, Royal Bank of Scotland, SummerHaven, Investment Management, TD Ameritrade, UNIPAC America (Sinopec Corp.), Wall Street North, etc.|
|Top Recruiting Areas||Investment Banking, Commercial Banking, Central Banks, Governments, Asset-Liability Management, Risk Management & Consulting, Primary & Derivative Securities Valuation, Financial Information Systems Management, Securities Trading, Credit Modeling, Collateral Analysis, Portfolio Management, Risk Analysis, Index Options Analysis, Business Analysis, and such.|
|Job Positions||Analyst, Associate, Market Risk, Credit Risk Senior Examiner, Data Analyst, Deputy Head of AML Compliance, Director Credit Risk Modeling, Director, Investments Credit Risk, Director, Operational Risk, Director, Portfolio Risk Management, Director, Risk Governance, Director, Risk Modeling Enterprise, Risk Management Consultant, Financial Analyst, Head of Market Risk, Head of Research and Analytics, Investment Risk Analyst, Head Risk Strategy, Managing Director–Ratings Analytical, Policy Advisor–Regulatory Affairs, Market Risk Manager–Vice President, Portfolio Financial Analyst, Risk Analyst, Quantitative Researcher, Securities Analyst, Senior Director of Credit Risk, Senior Derivatives Risk Modeling and Valuation Specialist, Senior Financial Engineer, Senior Manager, Internal Audit, Financial Markets, Senior Operational Risk Analyst, Senior Risk Analyst / Capabilities Manager, Senior Risk Manager, SVP Macro Economist, Technical Architect-III, Treasury Manager, Vice President, Market Risk, Portfolio Risk, among others.|
Risk management covers concepts of various types of risks such as:
The program has been designed to impart to eligible students advanced lessons in:
Internal Audit remains at the core of Risk Mitigation efforts. It is relevant to fields such as:
Ideal candidates for the course would possess:
Listed below are some of the top institutes in India that offer the course.
|Name of Institute||City||Average Fees|
|Jain University||Bangalore||INR 1,45,000|
|Doon Business School||Dehradun||INR 1,32,000|
|Suresh Gyan Vihar University||Jaipur||INR 77,938|
|VELS University||Chennai||INR 99,400|
|St Joseph's College Of Commerce||Bangalore||INR 85,800|
|Amity University||Noida||INR 3,53,000|
|IIKM Business School||Chennai||INR 1,53,000|
|Mewar University||Chittorgarh||INR 55,500|
|St Teresa's College||Ernakulam||INR 22,000|
|Sobhasaria Engineering College||Sikar||INR 71,800|
|Gems B School||Bangalore||INR 1,11,000|
|Sanskriti University||Mathura||INR 50,500|
|Mm Institute of Management||Ambala||INR 65,686|
|Christ Institute of Management||Rajkot||INR 32,000|
|Sunshine Group of Institutions||Rajkot||INR 41,400|
|IFIM College||Bangalore||INR 2,00,000|
|Master School of Management||Meerut||INR 46,000|
|Alliance School of Business||Bengaluru||INR 1,50,000|
|Institute of Business Management and Research||INDORE||INR 52,000|
|Brihan Maharashtra College of Commerce||Pune||INR 1,14,000|
Listed below are the minimum criteria of eligibility that interested candidates need to fulfil in order to apply for the course.
Most institutes offering the course admit students based on their performance in a relevant entrance test, followed by a round of Personal Interview. Some institutes conduct their own entrance tests for offering admission. Admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate’s score at the 10+2 level.
Some such entrance tests held in the country for admission to the course are:
A semester-wise breakup of the course’s syllabus is tabulated here.
|Semester I||Semester II|
|Structural & Spoken English||Business Mathematics-II|
|Principles of Management||Organizational Behaviour|
|Business Mathematics-I||Business Environment|
|Fundamental of Economics||Principles of Accounting-II|
|Principles of Accounting –I||Managerial Statistics|
|Introduction to Business||Legal Environment of Business|
|Moral Value Education||Personality Development|
|Computer Lab Practical||Computer Lab Practical|
|Semester III||Semester IV|
|Research Method||Direct Tax|
|Corporate Social Responsibility||Business Communication|
|Risk Management & Insurance||Cost Accounting|
|Money & Banking||Small Business Management|
|Business Economics||Marketing Management-I|
|Environmental Studies-I||Environmental Studies-II|
|Functional Management||Indian Economy|
|Office Management||Disaster Management|
|Semester V||Semester VI|
|Management Accounting||Financial Management-II|
|Salesmanship||Logistics & Supply chain Management|
|Financial Institutions||Strategic Management|
|Financial Management-I||Industrial Relations|
|Operations Research||Indirect Tax|
|Marketing Management-II||Project Management|
|Operations Management||Advertising Management|
|Human Resource Management||Business Analytics|
Risk-management careers are incredibly diverse, reflecting the widespread role of risk management in companies and communities. Risk Management roles range across:
Some of the popular professional avenues open to successful graduates of the course are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Risk Manager||Risk Managers work with organizations to evaluate and recognize the potential dangers that may ruin the repute, healthcare, security safety, and financial prosperity of the organization.||6,13,085|
|Insurance Risk Surveyors||Insurance Risk Surveyors are responsible for deciding the possible financial risk posed by offering insurance cover for properties, personal items, or sites. These reports are utilized to decide if insurance ought to be offered, and to advise on enhancements that can be made to decrease the risk of future protection claims.||8,24,792|
|Risk Analyst||Risk Analyst inspect a company's speculation portfolios, including overseas investments, and break down the risk required in related decision. They utilize their investigative skills to extend potential misfortunes, and make suggestions to reduce risks through enhancement, currency exchanges, and other such investment strategies.||7,01,361|
|Financial Risk Analyst||Financial Risk Analysts are responsible for identifying and investigating potential risks underlying the financial position of business, commercial, and industrial corporations and public/private organizations.||8,40,000|
|Data Analyst||Data Analyst examine prerequisites, activities and design. They create examination, analysis, and reporting capacities. They also examine areas like performance and quality control.||3,58,840|
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