How to Get Risk Management Certification Online
What do you understand when you hear the word Risk?
It is a threat one might face or the consequences that might occur in a business.
These risks can be internal threats or external threats.
Every company and business is prone to risk from its finances, how it’s run, and so on. Risk management is the methods and practices that a company uses to figure out and assess risks that might cause a lot of harm to the company, these risks are then found and eliminated.
The most common Risk that can be faced in a company and business is a loss in customers, employees, information, financial loss, and vendor relationship loss.
Knowing where to look and what to look for it’s very important, a risk manager tries to study the actions so it does lead to any threat
Risks companies can face might sometimes not only be internal but external such as an increase or fluctuation in market price.
These can affect the price of assets and stock for the organization.
Risk Manager is a very important role in an organization. Because if these risks are not assessed and eliminated immediately the organization might face potential issues in the future.
It is the role of risk managers to always check for the development and the implementation of formal Quality Management and safety guidelines, a risk manager helps in soften any consequence that might occur and also assess any investment about to be made and check if it will involve a potential threat to the organization.
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Every organization has its unique risks to tackle, and sometimes is very hard to spot one, so the risk managers must always be on alert for any risks within the organization. If an organization’s risk manager isn’t sensitive enough they might be faced with a big threat that will cost a lot for the organization such as their reputation, money, and time.
To avoid situations like these internal audits that will ensure there is continued compliance in the company is always formed, these establishments help to track safety being implemented in the organization systems.
Risk managers are highly demanded worldwide.
Currently in the world risk manager are estimated to grow by 22% in the next 5 years in terms of position in the organization.
The growth is said to increase every year because most companies are trying to identify and reduce risks within their organization making a risk manager highly sorted for.
Gaining a risk management certification online is the first step in getting involved in this exciting industry.
You can start and get your Risk Management certification program from one of the following institutions online
1. Enterprise Risk Management from Udemy
2. Portfolio and Risk Management via Coursera
3. Risk Management for Cybersecurity and IT Managers from Udemy
4. Risk Management Fundamentals from Velociteach
5. Financial Engineering and Risk Management from Coursera
6. Financial Risk and Regulation by the Global Association for Risk Professionals
7. Certified Risk Specialist by Interfima
8. Certified Risk Manager Program by the National Alliance for Insurance Education & Research
9. The Management and Strategy Institute Risk Management Certificate
In this article, I will be talking about how you can obtain the risk manager certificate from The Management and Strategy Institute and Enterprise Risk Management from Udemy
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1. The Management and Strategy Institute’s Risk Manager certificates
This certificate can be obtained online with features such as getting the study material needed to prepare you for the exam and after which you will be issued a certificate upon completion of your exam.
Are The Management and Strategy Institute’s Risk Manager certificates Free?
No, it is not free, the course goes for as low as $199.95
The price covers your study materials, certificate, and transcripts
For you to be able to earn the Risk managers certificate
you must be a forward-thinking
You must have the ability to study and learn about the industry they work
You must be good with calculations like math & statistics
About the Training
Material that has been formed to give you in-depth knowledge about risk management will be given to you.
The training was designed to teach you the basic management skills need to start as a risk manager in an organization.
The field of risk management is fast-growing and many organizations will eventually require quality and risk management understanding for a complete run of the company.
What is The Duration of this Training?
You will be given a 1-year deadline, starting from when you enroll in the program till you have completed the course training.
Time completion for the training depends on the student’s ability to comprehend and understand what is being taught.
It takes some students days, weeks, or a few months to be able to study before they can take the final test.
You don’t have to rush in taking the final exam, just be ready and comfortable.
You will be recommended some books to ready that will help in prepare fully for your exam.
These books are not required.
Most of the books recommended can be gotten from Amazon
The books are
1. Fundamentals of Enterprise Risk Management
2. Fundamentals of Risk Management: Understanding, Evaluating, and Implementing Effective Risk Management
One thing that disturbs students is not knowing how the exam will be structured.
You will be given 2 hours to write the exam.
The exam is online and can be taken in your home or at your place of work.
About 70% of the questions are multiple-choice, so reading your material in between is very important.
After completing the program you would be given 20 Professional Competency Units from The Management and Strategy Institute
You will be certified by the Management and Strategy Institute upon passing.
You might be wondering if you can add this certificate to your resume?
Yes you can
It should be the last thing listed under the education section when forming your resume.
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2. Enterprise Risk Management from Udemy
This course entails the basics of risk management
Is Enterprise Risk Management from Udemy Free?
No, it is not free, the course goes for $14.99 at a promotion price and the price is only for a new student.
The price covers your study materials, certificate, and transcripts
The course will give you an in-depth of how you can use risk-based processes and manage risk in just simple five steps.
The course comes with features such as
A two hours video
Access to four articles you can use after the training
In this course topic covered can be applied to any organization you find yourself in.
After the completion of the training and passing the exam you will be given a certificate.
One disadvantage about taking Udemy’s online course compared to it from management and Strategy Institute is that you don’t have access to live teaching what you are being trained and most of their teaching has been recorded ahead of the class.
Before giving full consideration to the risk management course you want to take, first think about your goals, what you aim to achieve, and the type of knowledge needed for your career.