How to Become a Risk Manager

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Risk management is an essential part of the finance and insurance field that focuses on identifying, evaluating, and prioritizing a variety of risks related to the organization. Risk managers are highly trained professionals that supervise programs to minimize risks and losses that may occur within an organization.

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Hey, I'm Joshua T. Osborne

In 2015, I said goodbye to 16-hour days and hauling boxes up and down stairs for a living (I was a mover). I became a full-time entrepreneur, and I made my money by helping business owners make money.

They had a need, and because of Virtual Tool Booths., I could fill it. Through the methods taught by my all-time favorite course and mentor, I created a 6-figure business in roughly 6 months. I could retire today (at 37) and never have to worry about money ever again.

Because of Virtual Tool Booths., I was able to quit my job, work online with flexible hours, and move to the mountains (Colorado Springs if you’re wondering)...all while helping real people improve their businesses, incomes, and lives!

For most folks, a college degree is the biggest bill of their lives. I never went to college. So I don’t have any massive bills or giant debts hanging over my head. My greatest education came from Virtual Tool Booths. (for a tiny fraction of what college costs) and it’s the bill that pays ALL the bills - a hundred times over!

I really wanted to share this secret weapon with others, so they could change their lives the way I changed mine. So if you’re not 100% sure about college, or only researching to make someone else happy, Virtual Tool Booths. might be a better option for you.

Want to know how I built this life with no formal education?

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What does a risk manager do?

Risk managers oversee a variety of risk management programs to reduce risks and losses that may occur from business operations and financial transactions. They assess the exposures of the organization and control activities using a variety of means such as transference and avoidance. They make executive decisions on how to best limit the risks and losses of an organization by using a variety of techniques to limit the organization’s exposure to prices changes of currency and commodities. Risk managers also calculate and limit the possible risks associated with operations.

What kind of training does a risk manager need?

Risk managers typically need at least a bachelor degree in risk management, finance, or other related field. Many have a master degree in business administration with focus on risk management. Prospective risk managers typically complete courses in finance, risk theory, insurance, and profit prevention and loss. Many aspiring risk managers complete internships to gain practical experience in the field. Many employers provide some on the job training to enable new risk managers to learn the necessary policies and procedures. Many risk managers gain professional certification through organizations such as the American Risk and Insurance Association or the Public Risk Management Association. Risk managers must complete regular continuing education to maintain their certifications, keep their skills up to date, and stay abreast with advancements in the field.

What are the prospects for a career as a risk manager?

Employment of risk managers is expected to grow as fast as average for all professions, increasing 8% from 2008 to 2018 (1). The growth and expansion of the financial industry and regulatory changes will drive job growth.

Job prospects are expected to be good with strong competition. Risk managers with professional certification and extensive experience will have the best job opportunities. Some job openings will arise from the need to replace risk managers that retire, transfer, or leave the profession for other reasons.

How much do risk managers make?

As of February 2010, the middle 50% of risk managers earn annual salaries between $81,399 and $113,155. The top 10% earn annual salaries of more than $128,592 (2).

A career as a risk manager is an excellent choice for individuals with a strong interest in risk management and overseeing a variety of tasks. Risk managers must have a solid understanding of the concepts, policies, and procedures related to risk management. Patience, analytical thinking, good problem solving skills, and excellent leadership skills are essential characteristics. Risk managers must have excellent communication and interpersonal skills and the ability to effectively work under stress and pressure and make effective decisions.

Joshua T Osborne

Founder/CEO – Mr. & Mrs. Leads

$84K Per Month providing Toll Booth Leads to small business owners all over the United States. 

Degreefinders.com is for anyone who is looking to get out of the daily corporate grind and provide a better lifestyle for themselves and their families while bringing massive value to small business owners. 

You can learn more here.

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