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The purpose of risk management is to identify any potential threats that a business might come across. This field is a highly specialised domain that requires proper training and understanding of the field and therefore the risk management professionals go for a regular MBA in risk management or a distance MBA in the same field.

The importance of an MBA degree in risk management

There are many benefits to getting an MBA in this field. The course prepares you for strategically critical issues of business that impact the survival of the organization. It is a great opportunity for professionals to advance their careers. The program teaches the participants how to identify, evaluate and prioritize the potential threats faced by an organization. It is ideal for aspirants who are pursuing a career in operations and administration in any organization. Risk calculation is a crucial part of controlling the profit margins of a company and requires a specialist to perform the job.

Is a Distance MBA Degree Good for Risk Management?

The value of a distance education format-based course can be judged on the basis of the quality it offers to its students. Today, the best colleges and universities in the world offer their programs through the digital medium. Even the curriculum of these programs is the same as that of a full-time program and it is taught by some of the best regular faculty of those institutes. This makes the online program equal in comparison to the campus program. Upon course completion, the institutes offer the degree to the students just like a regular program that is held by that institute on its campus.

Distance MBA in Risk Management offered by Suresh Gyan Vihar University

One such program is the MBA in risk management offered by Suresh Gyan Vihar University. It is a distance MBA program. The duration of the program is of 2 years. The course provides insights on the decision-making skills required in the field of risk management. It prepares the business managers to manage their corporate liabilities. It helps the participants to learn how to use the statistical tools and apply theories in the risk management process.

The curriculum of this distance MBA program is similar to the full-time course. It involves topics such as modern business organization, global business environment, economics, human resources, organizational behaviour, business law, corporate law, business research methodology, modern marketing, information technology, production operations, supply chain, business communication skills, basics of risk management, business policies, entrepreneurship and innovation, general insurance, life insurance, legal aspects of insurance, team building, leadership, business ethics, corporate governance, organization of insurance companies, project work etc. The course costs around INR 62,400 as the total fee for enrolling and passing the course.

A distance education course is good for this field provided it checks all the boxes in terms of the quality and value of the course that a student chooses to enrol in. This type of course provides its students with the flexibility of studying anytime and anywhere. Therefore, it is ideal for working professionals or home makers who want to restart their careers and want to study from home. It is also a value for money proposition compared to full-time campus courses which are far more expensive. Participants can really accelerate their careers through distance education as long as they choose their course wisely.

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