Online Insurance and Risk Management Degree Educational Options
- Online Certifications degree in Insurance and Risk Management – are generally courses of less than one year duration and intended to add to a professional in insurance’s credentials or allow them to specialize.
- Online Master’s Degree in Insurance and Risk Management – 2 year post graduate course which will allow the holder of an undergraduate degree to specialize in risk management. The course is in depth and explores many aspects of risk management.
Career Considerations for Insurance and Risk Management Professionals
Insurance and risk management requires a broad base of knowledge and is most often backed with a business degree. The business background is essential in order to realistically assess risks and costs. This is a lucrative career and the professional will need not only business acumen but good communication skills.
Insurance and Risk Management Career Salary Information
Insurance and Risk Management professionals will usually come from a business background. These professionals can work as insurance sales agents directly or online or with sufficient education may work as financial analysts. Some insurance and risk management professionals work directly for insurance companies as actuaries. The more education a professional has the more attractive the employment opportunities are likely to be.
Private Sector employment is most often the employment choice since governments normally have little or no insurance and non-profit organizations rarely employ insurance risk management professionals.
- An insurance actuary earns between $58,000 and $114,570 per year.
- A financial Analyst earns between $50,700 and $90,690 per year.
- An insurance sales agent earns on average of $46,210 per year.
Job Growth and Employment Outlook for the Insurance and Risk Management Profession
- Employment opportunities for insurance agents are predicted to grow about as fast as normal at around 13%.
- Employment opportunities for Financial Analysts are predicted to grow at a much faster than normal rate at about 41% over the next 7 years.
- Employment opportunities for insurance actuaries is predicted to grow at a much faster rate than average at about 21% over the next 7 years.
- The outlook for the Insurance and Risk Management degree holder seems good and with the proper educational backing job prospects will improve even further as will salaries.