Post Graduate Diploma in Risk Management (PGDRM) - Institute Of Insurance And Risk Management (IIRM), Hyderabad

About Course

The process of identifying, assessing and prioritizing risks, and then using resources to minimize, monitor and control contingencies in a coordinated and cost-effective manner is referred to as risk management. This is an important branch as it protects the organization and saves money.

Risk Management provides a secure environment for all employees and customers of the organization. Business stability increases and legal liability decreases. Context setting, risk identification, risk analysis, risk assessment and evaluation, risk mitigation, and risk monitoring are all stages of risk management. Risk management jobs require extensive planning and the pay is high. In addition, there are extremely diverse professions in risk management.

The banking and insurance, logistics and aviation, infrastructure, aerospace, public health and construction sectors recruit risk management graduates. Risk management can be practised at various colleges in India and abroad.

If you're looking for a career in risk management, a Post Graduate Diploma in Risk Management (PGDRM) is an answer. This highly specialized post-graduate program is offered at the Global Risk Management Institute. It enables students to gain practical knowledge in risk management, thereby helping them become effective leaders. The curriculum is comprehensive, and students can expect to learn about all aspects of risk management. This comprehensive program is offered through a bridge programme. The admissions team is available to answer any questions you may have.

The program is a one-year course that offers certification in risk management. There are three levels of training - an associate's degree, a post-graduate diploma, and a master's degree. Generally, applicants should have a bachelor's degree and two years of work experience in their chosen field.

Course Highlights  

Why Study PGD in Risk Management?

The spectrum of risk management is diverse and therefore a Post Graduate Diploma degree in this specialization is worthwhile for the students.
1. PGD in Risk Management in India has excellent prospects for the future as there is a high need for decision-makers who can understand potential risks and successfully mitigate them.

2. Risk management generally includes issues such as risk assessment and risk control. Therefore, with this course structure, the candidates can improve their critical thinking skills, communication skills, interpersonal skills, etc.

3. During the course, students will acquire exceptional knowledge in areas such as insurance, finance, banking, consulting and others.

4. The employment rate of management graduates in various fields has increased by 15% in the last decade and is expected to increase at the same rate.

Course Comparison

Top Colleges of PGD in Risk Management

Listed below are some of the top PGD in Risk Management Colleges in India which offer the course:

Jobs and Placements in PGD in Risk Management

Recently, there is an increased demand for managers who can anticipate potential risks in the organization and minimize their impact. Here are the different career options for students after graduation:

1. Risk Managers

2. Insurance Managers

3. Insurance Underwriters

4. Strategy Managers

5. Consultants

Scope for PGD in Risk Management

The Future Scope of Post Graduate Diploma in Risk Management PGDRM is a coveted qualification that has numerous benefits. The courses impart fine knowledge of essential business disciplines. They include actuarial science, risk analysis, strategic planning, and effective management of insurance industries. Undergraduate and postgraduate risk management courses are usually of two-year duration. Students are trained in the framing and communication of reports, and they learn to analyze and assess risk issues. The courses also prepare them for career opportunities in the insurance industry and the financial industry.

The future scope of PGD in risk management careers is a dynamic field, with a growing demand for qualified professionals. The risk perspective has largely become more important than ever before, with companies now looking to mitigate potential crisis situations. The risk perspective doesn't just apply to the risk function - it's present in every department. Some risks affect the entire organization, while others may affect only a small part of it. Risk awareness is a valuable asset to an organization, as a trained risk champion can enhance the effectiveness of other departments.

The future scope of the Post Graduate Diploma in Risk Management PGDDM is as broad as the field of risk management itself. This specialized degree program is highly applicable to many industries. The programme can lead to a lucrative career in a variety of fields. The MIT MBA program focuses on stimulating entrepreneurs in the corporate sector and developing the human resources that will meet the needs of companies across India and abroad.

PGD in Risk Management: Career Prospects

The Post Graduate Diploma in Risk Management is a one-year course that focuses on a specific area of risk management. Students will take classes one day a week and will complete the program within one year. It is recommended that candidates with a bachelor's degree have 0-2 years of relevant work experience. Candidates must also have a keen interest in the risk management domain. Students interested in pursuing this course should fill out an online application form on the college website. The Admission Committee will shortlist the candidates for a personal interview, which will be conducted on-campus, or via video call if they are not living in the NCR. Candidates will be assessed based on their communication skills, logical reasoning, and general conduct during the interview.

Job opportunities are plentiful in the insurance industry. This industry affects almost every aspect of our lives. Insurance touches almost everything in our lives and is an essential part of our global economy. As such, many insurance companies offer attractive salary packages, as well as generous vacation and sick leave. Though many insurance professionals are 55 years old or older and plan on retiring in the near future, they are a growing segment of the workforce that is eager to hire young people who can fill their vacancies. The risk management and insurance program helps students get a leg up on other college graduates.

Applicants interested in pursuing the Post Graduate Diploma in Risk Management PGDRM program are invited to apply by the Global Risk Management Institute of Gurgaon. The institute offers a one-year program focused on risk management. The curriculum includes HR and organizational behaviour, applied cyber risk, strategic risk management, and the impact of digitization on risk management. The Global Risk Management Institute has become an international talent-sourcing hub for risk management professionals.

FAQs

(1) What is the average course fee for the Post Graduate Diploma in Risk Management program?

Ans: The average course fee for the Post Graduate Diploma in Risk Management program can vary depending on the university or institution offering the course. On average, the course fee for this program in India ranges from INR 50,000 to INR 2,00,000.

(2) Is work experience required for admission to the Post Graduate Diploma in Risk Management program?

Ans: Work experience requirements for admission to the Post Graduate Diploma in Risk Management program may vary depending on the university or institution offering the course. Some institutes may consider work experience as an added advantage but not necessarily a mandatory requirement.

(3) How is the Post Graduate Diploma in Risk Management different from an MBA with a specialization in risk management?

Ans: The Post Graduate Diploma in Risk Management and an MBA with a specialization in risk management are two distinct programs with some key differences.

The Post Graduate Diploma in Risk Management is a focused program that primarily covers the concepts, techniques, and practices related to risk management. It provides in-depth knowledge and skills specific to risk management and its various domains. The program is typically shorter in duration compared to an MBA.

An MBA with a specialization in risk management is a broader business degree program. It includes a comprehensive curriculum covering business administration, finance, marketing, operations, and human resources. The specialization in risk management allows students to gain a deeper understanding of risk management within the context of overall business strategy.

(4) Can I pursue the Post Graduate Diploma in Risk Management while working full-time?