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A risk is an uncertain factor of every organization which comes from both internal and external sources. Therefore, the main focus of the companies is to identifying the risk and managing before it affects the organizational goal. Risk Management is the ability to manage the business risk to safeguard the future business decision making of the organization. Security breaches, data loss, cyber-attacks, system failures and natural disasters are some of the examples of business risks. The course of risk management is one of the most opting management courses as it deals with the assessment, evaluation and treatment of the risk of the organization. Students pursuing a risk management course are able to enhance their professional career through practical solving problems and training programmes. It is a 2 years full-time duration courses that are divided into semesters/ terms.

Some of the colleges offering certificate courses in risk management:

  • GBS School of Business Studies, Hyderabad
  • Faculty of Business Studies, Jammu
  • International School of Business and Media, Pune
  • IIRM Institute of Insurance and Risk Management, Hyderabad


Subjects that are covered by most of the institutions for Diploma courses on risk management.

  • Insurance & Risk Management
  • Insurance Management
  • Risk Management
  • Financial Markets & Services
  • Life Insurance Practices
  • General Insurance Practices
  • Health Insurance Practices
  • Security Analysis & portfolio management
  • Project Risk management
  • Financial Risk Management
  • Business Risk Environment
  • Information Risk Management
  • Credit Risk & Rating Management
  • Development Economics
  • Commodity Risk Management
  • Forex Risk Management


The fee structure for Diploma courses in risk management from Indian institutes essentially fall between 4000 INR to 30,000 INR per annum. On the other side, the fee structure for Master’s programs in Risk Management lies within the range of 40,000 INR to 90,000 INR per annum depending upon the institutions providing various facilities to the student with the hostel, library, Wi-Fi and other academic benefits.


The course of risk management is very demanding for the students. The subject deals with the assessment, evaluation and treatment of organizational risks. It is a factor which stimulates the organizational strategy and future decision-making process. Risk management job not only requires risk analysis but it also requires the manager to be aware of risks that are accepted and risks that are rejected. It also enables the individual to perform within an organization’s diverse range of areas such as operations, finance, marketing and human resource. A student can acquire good analytical, mathematical and communication skills through this course. The analytical skills help to manage the fragility of an asset class to a given risk and communication skills enhances the personality of the individual in the professional sector.

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