What is risk management?
The intension of risk management is not eliminating the risk, but instead to reap the benefit of the positive impacts and reduce the negative impacts. It is actually accessing the future uncertainties and making the best decision today. This article includes a discussion about the scope of risk management jobs in the US.
Risk management is required in many industries because each of them have different kinds of threats. On one hand where the financial institutions and banks face financial risks, there on the other hand manufacturing companies face safety risks.
Responsibilities and duties in the profession of risk management
Risk management jobs basically deals with identification and calculation of the risks that the firm faces. Evaluating, monitoring and classifying the risks of the company are the main jobs of a risk management expert. The following are some of the responsibilities:
What is the minimum qualification required?
To qualify for the risk management jobs a bachelor’s degree is a minimum requirement, sometimes a master’s degree is also required. It has been seen that if you have a management science background it is an added advantage.
The salary range is around $48,000 to $72,000 yearly depending on the qualification level. But if you practically see in the financial industry, the salary range is much higher. The manufacturing companies offer a salary of more than $85,000 annually. Columbia is the best district in the US where one can make really good money in this field.
If you find the profession challenging and the required education qualification also matches with that of yours then apply for these types of risk management jobs today.