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Online Insurance and Risk Management Schools & Colleges

Whether you want to assess companies exposure to certain liabilities or help them take steps to minimize these risks, the field of insurance and risk management can be exciting, but often requires advanced training that can be found through a four-year program or even a master's degree. This is why the Bureau of Labor Statistics (BLS) indicates that most employers in the field look for applicants having a college education. The BLS indicates that the insurance and risk management industry continues to stabilize following the recent financial crisis, so now could be a promising time to pursue an education and attempt to make a start in this field.

Insurance and Risk Management Online Colleges

Online insurance and risk management degrees can be one way to gain entry into the field. While bachelor's degrees in business administration, finance or management could be helpful, a degree that offers you training specifically in risk management could be most beneficial. Currently, online programs in this field are not abundant, but you can find MBA programs in risk management available through distance-learning methods. Other online graduate degree programs in fields such as finance and management could also be helpful to you in advancing your insurance and risk management skills.

The BLS does not break out wage and career growth information for insurance and risk managers, but instead includes them within the category of financial managers. Consequently, BLS data for this field shows projected job growth of 9 percent, about average, from 2012-2022. As a result of this forecasted growth, more than 47,000 new openings could become available during this time, the BLS states. Financial managers in the U.S. earned mean annual wages of $130,230, according to 2014 BLS data.

An associate degree can be helpful if you want to become a claims adjuster, appraiser, examiner or investigator, according to the BLS. These workers earned mean annual wages of $63,500, while insurance appraisers in auto damage earned mean annual wages of $64,750, according to May 2014 BLS data. One way you may be able to enter this latter field is to look for two-year programs in auto body repair that also provide training on how to estimate costs for vehicle repairs. You can also find some of these types of vocational programs in vehicle repair available online.

If you want to become an insurance underwriter, making decisions about whether insurance should be offered to particular clients, you typically need a bachelor's degree. The mean annual wage for those working in this field was $70,570, according to May 2014 BLS data. Other occupations that could be of interest to you, if numbers and estimates are your focus, could be work as an auditor, cost estimator, real estate appraiser or tax examiner.


Sources:

  1. Claims Adjusters, Examiners, and Investigators, Bureau of Labor Statistics, Occupational Employment Statistics, http://www.bls.gov/oes/current/oes131031.htm
  2. Financial Managers, Bureau of Labor Statistics, Occupational Outlook Handbook, http://www.bls.gov/ooh/management/financial-managers.htm#tab-6
  3. Financial Managers, Bureau of Labor Statistics, Occupational Employment Statistics, http://www.bls.gov/oes/current/oes113031.htm
  4. Insurance Appraisers, Auto Damage, Bureau of Labor Statistics, Occupational Employment Statistics, http://www.bls.gov/oes/current/oes131032.htm
  5. Insurance Underwriters, Bureau of Labor Statistics, Occupational Employment Statistics, http://www.bls.gov/oes/current/oes132053.htm

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