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What is the definition of risk management?

Online Risk Management Course


Courses in Risk Management provide the foundation in identifying and quantifying risk, as well as the methods to manage risk through insurance, loss prevention, hedging, and other techniques. Students learn quantitative analysis techniques, analysis of financial statements, predicting market trends, financial and strategic planning techniques, valuation and hedging skills, negotiation and interpersonal skills, and computer skills. Graduates of Risk Management programs are prepared to take positions in risk management in corporations, financial institutions or government agencies, as well as firms focusing on controlling risk, such as insurance companies and risk management consulting firms. The major also serves as an excellent platform for graduates pursuing careers in management, marketing and finance.

Ellis College MBA

Ellis College is a branch of New York Institute of Technology, an almost 50 year old academic institution with more than 64,000 alumni around the world. With Ellis College's MBA program you'll get a real degree from a real college online. And, because it's regionally accredited, you can qualify for federal financial aid. Choose from 14 in-demand MBA specializations including Accounting and Information Systems, E-Commerce, Finance, Global Management, Health Care Administration, Marketing and more. Non-U.S. residents are welcome to attend.

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Definition of Rish Management

Risk management is the decision-making process involving considerations of political, social, economic and engineering factors with relevant risk assessments relating to a potential hazard so as to develop, analyze and compare regulatory options and to select the optimal regulatory response for safety from that hazard. Essentially risk management is the combination of three steps: risk evaluation; emission and exposure control; risk monitoring.

Resources

Riskmetrics.com

Michigan State University