Risk managers work to minimize risks and losses that may occur as a result of financial transactions and business operations. They attempt to control financial risk by using hedging and other techniques to limit a company's fiscal exposure to currency or commodity price changes. Risk managers are also responsible for calculating and limiting potential operations risks like damage done by a rogue employee or a natural disaster damaging a vital office building or factory.

A Bachelor's Degree is often a requirement for many jobs in business, including risk management positions. Graduates who have earned a 4-year degree often qualify for more advanced roles when seeking employment than those without such a degree. Of course, individuals seeking higher paying jobs in risk management may consider extending their academic career by getting an MBA in Risk Management or Conflict Resolution.

Business Administration degrees with a specialization in Risk Management typically include coursework in areas like:

• Life, Health and Annuity Insurance
• Property & Liability Insurance
• Derivatives
• Quantitative Financial Analysis of Risk
• Value-Driven Enterprise
• Ethical Decision Making
• Strategic Portfolio Decisions