If you're always sizing up the risks and rewards of your decisions, have a strong background and aptitude for math and statistics, and desire to work in a well-compensated, stable industry, a degree in Risk Management may be a great fit for you.

Types of Degrees

Risk Management students typically pursue a bachelor's degree (4 years) prior to entering the workforce as an Insurance Underwriter, Actuary, or Claims Appraiser. Oftentimes, people working in these positions hold a bachelor's degree in math, statistics, or business.

Admission Requirements

A high school diploma or equivalent is required, with a strong academic background in math, statistics, and business coursework helping applicants obtain acceptance into their desired school. Each school has its own specific requirements, making it important for you to explore several options before settling on a particular school.

Career Opportunities After Earning A Risk Management Degree

The range of career opportunities available to someone with a degree in Risk Management include:

• Insurance Underwriter
• Actuary
• Claims Adjuster, Appraiser, Examiner, and/or Investigator
• Information based on national data, not school-specific information. Conditions in your area may vary.

Post Graduate Salary Information

According to the Bureau of Labor Statistics, the median salary for Insurance Underwriters was $81,370 in 2025 ¹ while Actuaries earned a median salary of $130,000 in 2025. ²

Note that the average salary varies widely not only depending on career chosen, but on geographical location and employer. Conditions in your area may vary.

References

1. Bureau of Labor Statistics
2. Bureau of Labor Statistics

• Careers associated with these educational opportunities often require additional degrees and certifications not offered as part of the educational opportunities presented by this website.
• Information based on national data, not school-specific information. Conditions in your area may vary.