Course Description
The objective of the OTHM Level 7 Diploma in Risk Management (120 Credits) is to provide learners with the skills and understanding of risk management that align with good strategic decision making to maintain organisations’ competitive advantage. The Diploma in RiskManagement programme provides an in-depth understanding of risk and its application in practice both for financial and non-financial organisations. Learners will learn both theoretical and practical understanding of risk including risk measurement and modelling.
The post Why a Masters in Risk Management Is a Smart Choice appeared first on Alex Business School.
]]>What Is a Master’s in Risk Management?
A master’s degree in risk management is a specialised programme that equips students with the knowledge and skills to identify, assess, and manage organisational risks. The programme covers a wide range of topics, including financial risk management, operational risk management, and enterprise risk management, to name a few.
Aside from that, this degree allows students to develop their critical thinking, analytical, and problem-solving skills, which are essential in identifying and mitigating risks. Students will also learn to develop risk management strategies, implement policies, and communicate effectively with stakeholders.
Key Advantages of Having a Master’s Degree in Risk Management
Comprehensive Understanding of Tools and Techniques
Risk management involves various tools and techniques, including risk assessment, analysis, monitoring, and mitigation. Furthermore, it can be applied in various sectors such as finance, insurance, healthcare, and cybersecurity. A master’s degree in risk management provides a comprehensive understanding of these tools and techniques, enabling graduates to apply them effectively in different industries.
Increased Career Opportunities
Have you ever wondered why some people seem to have more job opportunities than others? One reason is that they have a specialised skill set in high demand. With a master’s degree in risk management, graduates can become risk managers, analysts, consultants, auditors, or underwriters in various sectors. They can work for banks, insurance companies, healthcare providers, government agencies, or consulting firms.
Excellent Platform for Career Advancement
By acquiring specialised knowledge and skills in risk management, graduates can position themselves as experts in their field and increase their chances of being considered for senior management positions. This can lead to higher salaries, greater job security, and increased job satisfaction.
How to Advance Your Career in Risk Management?
Promoting a career in risk management is a long-term process that requires dedication, perseverance, and continuous learning and development. Here are some steps to help you advance your career in risk management:
- Obtain relevant certifications: Getting certifications such as Certified Risk Management Professional (CRMP), Certified Risk Manager (CRM), or Chartered Enterprise Risk Actuary (CERA) can help you demonstrate your expertise and commitment to the field.
- Network with peers: Attending industry events, conferences, and seminars can help you build relationships with other risk management professionals and learn about emerging trends and best practices.
- Seek mentorship: Finding a mentor with experience in risk management can help you gain valuable insights, advice, and guidance on navigating the industry and advancing your career.
Final Thoughts
Pursuing a master’s degree in risk management is a smart choice for anyone looking to advance their career and become an expert. It provides a comprehensive understanding of the tools and techniques used to manage risks effectively, opens up various career opportunities, and provides an excellent platform for career advancement. So if you want to take your career to the next level, consider pursuing a Master’s in Risk Management today!
Take control of your future with a Master’s in Risk Management from Alex Business School. Gain the expertise to mitigate risks, protect your business and make informed decisions. Enquire now to secure your place and start your journey to success.
The post Why a Masters in Risk Management Is a Smart Choice appeared first on Alex Business School.
]]>The post Why a Masters in Risk Management Is a Smart Choice appeared first on Alex Business School.
]]>What Is a Master’s in Risk Management?
A master’s degree in risk management is a specialised programme that equips students with the knowledge and skills to identify, assess, and manage organisational risks. The programme covers a wide range of topics, including financial risk management, operational risk management, and enterprise risk management, to name a few.
Aside from that, this degree allows students to develop their critical thinking, analytical, and problem-solving skills, which are essential in identifying and mitigating risks. Students will also learn to develop risk management strategies, implement policies, and communicate effectively with stakeholders.
Key Advantages of Having a Master’s Degree in Risk Management
Comprehensive Understanding of Tools and Techniques
Risk management involves various tools and techniques, including risk assessment, analysis, monitoring, and mitigation. Furthermore, it can be applied in various sectors such as finance, insurance, healthcare, and cybersecurity. A master’s degree in risk management provides a comprehensive understanding of these tools and techniques, enabling graduates to apply them effectively in different industries.
Increased Career Opportunities
Have you ever wondered why some people seem to have more job opportunities than others? One reason is that they have a specialised skill set in high demand. With a master’s degree in risk management, graduates can become risk managers, analysts, consultants, auditors, or underwriters in various sectors. They can work for banks, insurance companies, healthcare providers, government agencies, or consulting firms.
Excellent Platform for Career Advancement
By acquiring specialised knowledge and skills in risk management, graduates can position themselves as experts in their field and increase their chances of being considered for senior management positions. This can lead to higher salaries, greater job security, and increased job satisfaction.
How to Advance Your Career in Risk Management?
Promoting a career in risk management is a long-term process that requires dedication, perseverance, and continuous learning and development. Here are some steps to help you advance your career in risk management:
- Obtain relevant certifications: Getting certifications such as Certified Risk Management Professional (CRMP), Certified Risk Manager (CRM), or Chartered Enterprise Risk Actuary (CERA) can help you demonstrate your expertise and commitment to the field.
- Network with peers: Attending industry events, conferences, and seminars can help you build relationships with other risk management professionals and learn about emerging trends and best practices.
- Seek mentorship: Finding a mentor with experience in risk management can help you gain valuable insights, advice, and guidance on navigating the industry and advancing your career.
Final Thoughts
Pursuing a master’s degree in risk management is a smart choice for anyone looking to advance their career and become an expert. It provides a comprehensive understanding of the tools and techniques used to manage risks effectively, opens up various career opportunities, and provides an excellent platform for career advancement. So if you want to take your career to the next level, consider pursuing a Master’s in Risk Management today!
Take control of your future with a Master’s in Risk Management from Alex Business School. Gain the expertise to mitigate risks, protect your business and make informed decisions. Enquire now to secure your place and start your journey to success.
The post Why a Masters in Risk Management Is a Smart Choice appeared first on Alex Business School.
]]>Level 7 Diploma in Risk Management
Overview
Employability
Risk management is a fast-growing profession with large graduate employers increasingly offering opportunities to train and specialise in this function at graduate-entry level. This is especially true in the banking and capital market sectors, which are employing more people in their risk teams.
Risk managers are employed in the public sector, charities and in private organisations. Some small organisations carry out risk management duties in the finance or operations departments.
Employers of risk managers include:
- Banks and financial companies
- Central and local government
- Charities
- Commercial businesses
- Energy and utilities companies
- Engineering and construction companies
- Insurance companies
- Universities
- NHS trusts.
Key Points
| Level | Diploma – Level 7 |
| Credits | 120 |
| Mode of Study | Online Learning Hybrid Learning (Blended) |
| Duration | 9 Months |
| Assessments | Assignment only (No Exam) |
| Fees | £3,250 (Online)
£ 6,250 (Hybrid or Blended) |
| Payment Plan | Available |
| Intakes | Flexible |
Learning Outcomes
After studying this course, you should be able to:
- Demonstrate knowledge of the range of financial and financial related risks facing organisations
- Understand the approach to risk management through risk identification, risk measurement and risk management (or mitigation)
- Understand reputational risk
- Understand operational risk and how to manage it.
Career Direction
Today more than ever, risk management is a vital discipline.
The roles below are just some of those which are concerned with this important issue
- Risk Surveyor
- Regulatory Risk Manager
- Risk and Governance Manager
- Exit Strategy Manager
Further Education
Achieving the OTHM Level 7 Diploma in Risk Management qualification enables learners to progress into or within employment and/or continue their further studies. As this qualification is approved and regulated by Ofqual, learners are eligible to progress to a Master’s top-up programme at many optional universities in the UK and overseas with advanced standing The top-up programme can be studied online or on campus.
Progression Routes:The top-up comprises the final 60 credits which consist of either a dissertation or a dissertation and one module.
Accreditation
The Diploma in Risk Management programme is accredited by OTHM, an Ofqual regulated awarding body.
Entry Requirements
We accept candidates who have achieved a wide range of credentials, including any post-16 qualification in the UK. Functional, Vocational and other essential skills are recognised and taken from all around the worldi.e., Bachelor’s Degree or Higher National Diploma OR Mature learners (over 25) with at least 5 years of management experience. Please get in touch with us to discuss the specific requirements for your country. If you do not meet the entry requirements as mentioned above, please contact us to find out other possible entry routes.
Modules
Learners are required to complete 6 mandatory units to achieve the 120 credits required to gain the Level 7 Diploma in Risk Management
| Principles of Risk Management |
| Strategic Risk Management |
| Responsible Leadership and Governance |
| Organisational and Environmental Risk |
| Risk Analysis and Modelling |
| Advanced Research Methods |
* These modules are core and must be passed in order to achieve the award
Assessment
Assessment is by completing assignments and meeting the criteria for each of the modules. These assignments are meant to demonstrate your achievement of learning objectives. All units within this qualification are internally assessed via exams and jobs, which the awarding organisation externally verifies.
The assignments submitted by learners must achieve the learning outcomes and meet the standards specified by the assessment criteria for the unit. Learners can make pass, merit or distinction grade depending on the quality of assignments and questions attempted. To achieve a merit or distinction grade, the learners must demonstrate that they have met all the criteria set for these grades.
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