ONLINE PhD IN INSURANCE AND RISK MANAGEMENT
Risk is at the core of the business profitability. The ability to evaluate risk and create strategies to mitigate its effects has broad applications–in insurance, business, manufacturing, and public policy. Factors such as the mortgage and credit crisis, environmental regulations, mass torts, health care reform, and natural disasters are creating an urgent need for advanced scholarship and visionary leadership. The International Risk Management Institute (IRMI) estimates that about half of the insurance and risk management (IRM) workforce will retire within fifteen years, fueling demand for actuarial science and risk management experts at all levels.
A doctorate in insurance and risk management qualifies you to reinvent the field for the twenty-first century, either by advancing scholarship and training the next generation of IRM workers or by working as a senior-level financial professional. A PhD in business in Insurance and Risk Management can open doors to a career as a university professor, researcher, business school instructor, or as a senior risk analyst, actuary, financial analyst, or expert consultant.
Earning an online or campus-based PhD in Insurance and Risk Management requires discipline and planning. The degree is the highest qualification in the field and involves four to six years of graduate-level work. This guide to the PhD in Insurance and Risk Management takes you through the process of researching and applying to doctorate programs.
The two doctorates suggest the division in the doctoral-level career paths–graduates can choose to pursue either an academic or a professional track.
Academic careers focus on the original scholarship and teaching roles. Academics serve as university professors and researchers. Some lend their expertise as consultants to public and private sector clients or as expert legal witnesses.
Professional careers include senior-level positions as a:
As you begin applying to doctoral risk management programs, you’ll likely notice some similarities in the application materials between the schools.
Many colleges and universities will ask for the following:
Because the doctorate is the highest-level degree, it is beneficial for your transcripts to reflect strong academic performance during your undergraduate and graduate school years.