Becoming a Risk Manager via Online Education?

At the very least, online education can help you lay a foundation and/or open up alternate career paths. Walden University, one of the highest ranking online schools, is a US school (accredited) offering risk management courses to train individuals to become top-notch insurance professionals, insurance agents, insurance brokers, insurance consultants, risk managers, etc. Currently, according to the US Bureau of Labor Statistics there are 495,180 people employed as financial managers alone in America, and their average annual salary is $113,730. Colleges and universities like Walden University that provide online education are successfully launching workers into this field.

Typical Work Locations for a Risk Manager
  • office
  • risk management office
  • risk management firm
  • cubicle
  • in manager meetings
  • insurance offices
  • in corporate offices
  • in upper management meetings
  • in the field
  • in a warehouse
Potential Advantages and Benefits of Working as a Risk Manager
  • denote unique identification in society
  • able to work with risky project
  • firstly handled high risk job
  • tremendous performance in industry with high effort
  • handling difficulty
  • decide risk means which risk is better for handling
  • reduce risk
  • dynamic professional
  • create natural relationship
  • always systematic
Potential Drawbacks
  • meeting the challenges of enterprise risk management is difficult
  • have to manage risks which are difficult to assess
  • a lot of responsibility rides on your shoulders
  • have to meet the demands of clients
  • being a manager is a lot of responsibility
  • you have to weigh a lot of different complex decisions
  • as a manager you have to fire people
  • you need to be a master of many disciplines
  • long hours
  • may require traveling
Related Professions to Consider
  • Field Credit Officer
  • Project Managers
  • Technology Risk-Manager
  • Sr. Manager
  • Principal Consultant
  • IT Risk Manager
  • Portfolio Manager
  • Associate Risk Manager
  • Enterprise Risk Management
  • Technical Manager
Possible Interview Questions When Applying to be a Risk Manager
  • Why you would like to work for us?
  • How do you think you will contribute to a team?
  • What is your experience with portfolios?
  • You are fit for this job because?
  • Briefly describe the call center environment?
  • Do you have a financial background or coursework to draw from?
  • Give and example when you have demonstrated ability to work well in a team?
  • What are some of your weaknesses?
  • What have been your notable achievements in work or otherwise and how will relate to working for?
  • What are the long term goals?
Common Collaborating Professions
  • Manager of Subcontracts
  • Senior Risk Management Coordinator
  • Property Manager
  • Operations Manager
  • HR Service Delivery Manager
  • VP - Channel Manager
  • Project Manager
  • Business Risk Manager
  • Nurse Manager
  • Federal Programs DEA Manager
Risk Manager Training books Risk Manager (More) Popular books Potential Companies to Work For Common College Majors
  • Decision Quality in Organizations
  • Decision Analysis
  • Converting Strategy into Action
  • Behavioral Challenges in Decision-Making
  • Strategic Innovation
  • Enterprise Risk Management
  • Ethical Decision-Making
  • Strategic Portfolio Decisions
  • Collaborative Decision-Making and Negotiation
  • Advanced Decision Analysis

Risk Manager Salary Information

Category: Financial managers

Total # Employed in the US 495,180
Average Hourly Wage: $54.68/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$26.33 $35.35 $48.65 $66.35 $0.0
Average Yearly Salary $113,730
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$54,760 $73,530 $101,190 $138,010 $0
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
1.0% 12.4% 19.5% 7.9% 40.0% 17.1% 2.1%
Financial managers — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Oklahoma $71.19/hr $148,070
District of Columbia $63.37/hr $131,810
North Dakota $62.74/hr $130,500
Colorado $61.59/hr $128,100
Missouri $58.83/hr $122,370
Florida $58.2/hr $121,050
Nebraska $56.28/hr $117,050
Connecticut $55.91/hr $116,300
Kansas $54.93/hr $114,250
Wyoming $54.39/hr $113,120
Virginia $54.24/hr $112,810
Hawaii $53.83/hr $111,970
South Carolina $53.1/hr $110,440
Delaware $52.86/hr $109,950
Oregon $52.46/hr $109,120
Idaho $51.87/hr $107,880
Puerto Rico $51.68/hr $107,500
New Hampshire $51.47/hr $107,060
New Mexico $50.83/hr $105,730
Mississippi $50.51/hr $105,050
Tennessee $50.51/hr $105,060
West Virginia $49.48/hr $102,920
Utah $49.24/hr $102,410
Kentucky $48.63/hr $101,150
Montana $48.18/hr $100,210
Alabama $47.94/hr $99,710
North Carolina $47.93/hr $99,690
Guam $46.23/hr $96,150
New York $45.91/hr $95,490
Arkansas $45.27/hr $94,160
Louisiana $45.26/hr $94,130
Washington $44.77/hr $93,120
Indiana $42.47/hr $88,340
Alaska $42.2/hr $87,770
Ohio $42.04/hr $87,440
Pennsylvania $41.38/hr $86,060
Maine $41.27/hr $85,830
South Dakota $39.55/hr $82,260
Maryland $39.24/hr $81,620
Wisconsin $39.15/hr $81,430
Michigan $38.7/hr $80,490
Massachusetts $38.57/hr $80,220
California $38.25/hr $79,550
Nevada $37.29/hr $77,570
Iowa $35.5/hr $73,850
New Jersey $35.04/hr $72,890


Risk Management Programs by State & City