BBA in Risk Management Course at Pacific Institute of Engineering and Management, New Delhi

About Course

The Bachelor of Business Administration or BBA in Risk Management is a three-year program in India. This is an undergraduate degree offered to applicants who have completed a 12th degree from a recognized board. Risk management is about analyzing, identifying and proposing some preventive actions that can reduce the risks in an organization. The program teaches students some key strategies and techniques that can help any organization reduce the overall risk of any process or project. The BBA in Risk Management will cover many topics such as research methodology, business mathematics, risk management, operations research and industrial relations. Applicants interested in managing risky assets may apply for the BBA in Risk Management. The bachelor's program is ideal for candidates who possess good communication skills, industry knowledge and an understanding of currencies. You can apply to any BBA risk management college available in the country.

Course Highlights

Particulars	Values
Course Name	Bachelor of Business Administration in Risk Management
Course Level	Under Graduate (UG)
Course Duration	3 Years
Examination Type	Semester Based
Eligibility Criteria	Passed 10+2 from a recognized board
Admission Process	Merit Based/ Entrance Based
Internship	Yes
Entrance Exams	CUET, IPMAT , IPU CET, NPAT, AIMA UGAT, SET
Course Fee	INR 5,000 to 5 Lakhs
Average Annual Salary	INR 2,50,000 to 17,00,000
Top Recruiting Companies	TATA Consultancy, Bank of America, China CITIC Bank, HDFC, HSBC, CITI BANK, Barclays, CT Municipal Electric Energy Cooperative, BPO, Citibank, Credit Suisse, Deutsche Bank
Job Profiles	Analyst, Associate, Market Risk, Credit Risk Senior Examiner, Data Analyst, Deputy Head of AML Compliance, Director Credit Risk Modeling, Quantitative Researcher

Why Study BBA in Risk Management?

Earning a BBA in Risk Management will enable you to de-risk your business. The BBA in Risk Management gives you the skills to successfully manage business risks, from legal and financial liability to natural disasters. The focus of the program is on risk analysis and response. There is also a focus on reducing risks, which can include legal, financial and managerial errors. You will also learn how to effectively manage business risks. A BBA in risk management can be earned by completing a bachelor's degree.

Risk Management and Insurance major focuses on developing and solving risk-related problems. Students learn about the roles and responsibilities of internal insurance companies and reinsurers, as well as the legal and regulatory environment. In addition, students develop the necessary skills to perform risk analysis and statistical analysis. Ultimately, this degree prepares you for the future for key positions in risk management and insurance. There are many benefits to pursuing a BBA risk management degree.

Eligibility Criteria

Admission to prestigious colleges for BBA courses requires candidates to fulfill a certain set of eligibility criteria. Below mentioned are the BBA requirements for admission:

1. BBA eligibility criteria require the aspirant to attain 50% of aggregate marks and above in Class XII in any stream from a recognized educational board or university.

2. Candidate needs to clear entrance exam cut-offs for admission as per the college requirement.

3. There is no age limit for pursuing this course as it is open to students who meet the necessary eligibility criteria for BBA admissions.

Admission Process

Bachelor of Business Administration is one of the most pursued courses. In order to get admission to the BBA course students need to fulfill certain steps. Below mentioned are the BBA admission requirements:

1. BBA registration can be carried out through online and offline methods.

2. Students need to meet eligibility for BBA course, which is a minimum of 50% in 10+2 examinations.

3. As per the college requirement students need to clear the BBA entrance exam as an eligibility criterion.

4. Applicants are asked to come for an Interview or GD after their applications have been reviewed by a committee

5. Students need to provide valid documents for the document verification process after getting selected and paying the fees.

Skills Required for BBA in Risk Management

BBA aspirants should exhibit some personality traits or qualities required to be good leaders or managers. Some of these skills are listed below:

1. Communication skills, both written and verbal

2. Leadership skills

3. Quick decision-making ability

4. Critical and analytical thinking ability

5. General awareness regarding current affairs

6. Interpersonal skills

7. A fresh and creative approach toward traditional method

Entrance Exams for BBA in Risk Management

Following are the lists of entrance exams for BBA in Risk Management:

CUET	IPMAT
IPU CET	NPAT
AIMA UGAT	SET

Fee Structure

BBA course fees vary according to college, infrastructure, and facilities. The average BBA course fees ranges from INR 10,000 - 3 LPA. The best BBA colleges in India provide students with scholarships to help them pay the fee.

Below is the detailed BBA fees structure for top BBA colleges in India:

Name of College	Average Annual Fees
Jamia Millia Islamia University	INR 13,000 PA
Symbiosis Centre for Management Studies	INR 1.75 LPA
Christ University	INR 1.8 LPA
Amity Global Business School	INR 1.14 LPA
Loyola College	1.39 LPA

Course Comparison

Parameters	BBA in Risk Management	BBA in Finance Management
Course Name	Bachelor of Business Administration Risk Management	Bachelor of Business Administration in Finance Management
Course Overview	Risk management involves identifying, analyzing and responding to risk factors that threaten the organization's operations. These risks may include financial and legal risks, mismanagement, accidents or natural disasters.	The aim of the course is to provide knowledge and skills related to investments, insurance, cost accounting, business strategy, international finance and spending.
Course Duration	3 Years	3 Years
Course Level	Under Graduate (UG)	Under Graduate (UG)
Eligibility Criteria	Passed 10+2 from a recognized board	Passed 10+2 from a recognized board
Admission Process	Merit/Entrance Based	Merit/Entrance Based
Course Fee	INR 5000 – 2 LPA	INR 2 – 5 LPA
Career Prospect	Analyst, Associate, Market Risk, Credit Risk Senior Examiner, Data Analyst, Deputy Head of AML Compliance, Director Credit Risk Modeling, Quantitative Researcher	NRHM, Public service commission, Railways, Life Insurance, RBI banks, Oil India Limited
Average Annual Salary	INR 2.5 – 17 LPA	INR 4 – 5 LPA

Top Colleges Providing BBA in Risk Management

Name of College	Average Annual Fee (INR)	Location
Manipal Academy of Higher Education	INR 4,59,000	Manipal
HSA Degree College	INR 3.41 L	Farrukhabad
Faculty of Commerce and Business Studies	INR 4.55 L - 7.38 L	Faridabad
MAKAUT - Maulana Abul Kalam Azad University of Technology	INR 48,200	Kolkata
Bharatiya Vidya Bhavan Institute of Management Science	INR 2,70,000	Kolkata

Jobs and Placements in BBA in Risk Management

A BBA in Risk Management touches every aspect of our lives. Understanding risk management helps businesses and our economy to operate smoothly in spite of knowing that risks exist everywhere. A risk management graduate can have diverse career interests reflecting the wider role risk management plays in corporates. BBA graduates can also look at opting master-level programs.

Private Jobs

The table below gives details about the BBA job list and salaries in the private sector for BBA students:

Top Recruiters	Salary
Accenture	4 LPA
Tata Consultancy Services Limited	3.5 LPA
HDFC Bank Pvt Ltd	4.5 LPA
EY (Ernst & Young)	3.7 LPA
Capgemini	4.1 LPA

Government Jobs

The table below consists of top recruiters that provide govt jobs after BBA, along with their average salary:

Top Government Companies	Salary
Warehousing Development and Regulatory Authority	3 LPA
National Institute of Mental Health and Neuroscience	3 LPA
Defence Research and Development Organization	3.5 LPA
Steel Authority of India Limited	4 LPA
Gas Authority of India Limited	3.5 LPA

Job Profiles

Some of the famous expert avenues open to successful graduates of the BBA in Risk Management degree are indexed underneath with the corresponding salaries provided for the respective positions.

Job Profiles	Job Description	Average Salary in INR
Risk Management Analyst	Determines how little or how much risk is involved for an insurance/finance company to offer a policy.	Rs. 4,60,000
Risk Specialist	A risk specialist identifies, measure and make decisions on enterprise or operational risks for an organization	Rs. 7,69,000
Risk Modeler	In Banking and uses models to automate many credit risk decisions for lenders/ manage market risk/ portfolio’s risk exposure versus return.	Rs. 18,61,056
Compliance Specialist	Reviews the company's business practices. Reviews documents and other records annually or in regular intervals.	Rs. 6,68,531

Scope for BBA in Risk Management

The stakes are higher and businesses are increasingly at risk with globalization and complex regulatory requirements, the risk management job market is only growing. Where earlier businesses had only one or two risk managers, today, there is an entire team to manage the show.

Risk professionals balance the complex task of ethical consideration, compliance and finance to minimize risks and maximize profits. Hence, in this digital age risk managers can guide the slightest misstep through their well thought out decisions.

Candidates who have completed their BBA in risk management can work as Analysts, Consultants, Risk Managers, Treasurers, Auditors, Investors, Regulators, etc in the corporate sector.

Those who wish to pursue their higher studies can complete their MBA or opt for a certificate program in Applied Financial Risk Management for those who want to grow in senior roles in the field of Risk and Compliance, Risk Consulting, Financial Risk Management etc.

BBA in Risk Management: Career Prospects

Earning a BBA in risk management and insurance has several benefits. First of all, it gives you access to a booming industry. Insurance touches every aspect of our lives and is an integral part of the global economy. Many insurance companies offer comprehensive benefits, including generously paid sick leave and vacation time. Additionally, there is a high demand for new talent across all segments of the industry, as the majority of insurance professionals are over 55 years and planning to retire early. In fact, a BBA in risk management and insurance gives you an edge over other graduate.

FAQs

(1). What is the BBA in Risk Management fees in good B-school?

Ans: BBA in Risk Management Fees in top BBA colleges for a 3-year full-time program is in the range of Rs.8 lakhs to 24 lakhs.

(2). Should I opt BBA in Risk Management?

Ans: It more depends upon your liking. However, BBA in Risk Management helps the organization consider the full spectrum of threats it faces. Risk management also examines the relationship between risks and the cascading impact they can have on an organization's strategic goals.

(3). Which are the top entrance exams for BBA in Risk Management?

Ans: The top entrance exams for BBA in Risk Management are CUET, NPAT, XAT, CET, etc.

(4). Does BBA in Risk Management has a good scope?

Ans: Risk management ensures a high level of occupational safety. This field often attracts those who enjoy solving problems and testing their quantitative and analytical skills. Good work-life balance for a career in finance, with a reasonable salary.

(5). Is BBA in Risk Management costly?

Ans. The answer lies in the institution you prefer to study. The annual fees for the course vary from INR 5,000 to 24,00,000 depending on the quality of the institutions.

(6). Which are the top colleges for BBA in Risk Management in India?

Ans: Top colleges in India for BBA in Risk Management include- ThakurInstitute of Management Studies & Research (Mumbai), Kanpur Institute ofTechnology (Kanpur), Institute of Management Technology (Ghaziabad), BIMTECH - Birla Institute of Management Technology (Greater Noida), Arunodaya University, Venkateshwara Open University.

(7). What is the admission process for BBA in Risk Management?

Ans: One must have scored the required marks in the particular entrance exam as suggested by the university/institution. Once the marks are to the expectation, one will be called for a Personal Interview. Some universities also conduct Group Discussions or WAT before Personal Interviews.

(8). What is the highest BBA in Risk Management salary?

Ans: The highest salary in BBA in Risk Management is around INR 30 LPA.

(9). What is the average salary for an BBA in Risk Management fresher?

Ans: It all depends upon the sector you enter and the job role you undertake. The most common average annual salary post-graduation for an BBA in Risk Management is 3,00,000.

(10). What are the Eligibility Criteria for an BBA in Risk Management?

Ans: To pursue a postgraduate degree in BBA in Risk Management, one must should pass 10+2 exam from a recognized body with a score of at least 45-50%.