Risk management degrees are intended to prepare students for a career in managing risk. This occupation is commonly used in an insurance setting. Before some insurance companies will issue a large policy, applicants must be carefully reviewed. For this matter, a risk assessor is consulted. The primary goal of a risk assessor is to assess the likelihood of death during the term of the insurance policy. However, those seeking a risk management degree may choose other occupations that require risks assessments. This includes assessing risks for large corporations and organizations. In addition to calculating potential risks, a risk assessor usually outlines a plan to reduce, avoid, or transfer the risk.

Students who choose a risk management degree may opt for classroom instructions, online learning, or a combination. For the most part, risk management degrees are a Master’s or graduate program. Those who seek a bachelor’s degree may have to major in business science with a concentration in risk management. Students who are employed full-time while completing their B.S. or Master's in risk management can enjoy the convenience of online education. Many online programs are available. When searching for the right school, students should conduct a thorough search of online colleges.

On the other hand, students who prefer classroom training may choose to complete their risk management degree at a local college or university. In some instances, classroom training is more educational. This allows an easy forum for students to ask questions and establish relationships with other students. Risk management degrees generally include courses in insurance law, casualty insurance, personal insurance, alternative risk financing, and so forth. On average, students can complete a risk management degree within three to four years. Master programs are typically two years. Students who attend classes on a part-time basis may take longer to complete their degrees.