The Importance of Risk Management
For as long as humanity has existed, fought and persevered, commerce has flourished and grown. By his nature, man is an innovative, thinking animal and has always sought to trade. Similarly, risk is an inherent part of trade. Be it due to the environment, due to competitors, or due to the latest innovations in technology, businesses are always at risk.
Risk management, simply put, is the purposeful process of predicting, analyzing, observing, and mitigating these risks to the business in a way that ensures productivity, profitability and progress.
The art and science of risk management is crucial to the health of a business, regarding the vulnerabilities, fluctuations and irregularities of the current economic status quo. While risk management is a great skill to have and maintain as an entrepreneur, it’s a prudent professional choice as well considering the domain is growing steadily. Any candidate armed with a risk management certificate course would be a great potential hire for any firm.
The Need for Professional Courses in Risk Management
Firms are forever on the lookout for trained candidates to hire in their risk management teams. Training current employees in risk management would incur:
- higher costs,
- more time,
- more energy, and
- reduced productivity.
In contrast, any candidate with a specialized certification in the domain of Risk Management would be a more prudent hiring choice for headhunters.
These certification courses are designed specifically to facilitate the complete understanding and thorough application of the domain of Risk Management. The best of these risk management courses are a healthy mix of classroom learning and hands-on experience. There is a substantial gap between the needs of the industry for trained risk professionals and the actual supply of such professionals. Risk management courses after graduation are the solution to this gap, especially the PG in Risk Management by Global Risk Management Institute.
Benefits of Risk Management Certification Courses
There are many benefits of taking a risk management class:
- Theoretical and thorough understanding of a domain that is in vogue; it employs 10000 people and is set to grow even more in the next couple of years.
- Having a specialized certificate course in one’s resume would make it easy for one to be hired over their peers.
- Changes in regulations and laws are a regular occurrence so employment will be sustainable as long as one constantly upskills.
- These courses provide a more specialized overview of one domain in contrast to any other generalized management course.
- Firms such as the Big4 (EY, KPMG, Deloitte, PwC), Accenture, American Express, Fortis, etc. are looking to build and enhance their risk teams.
- Reports across geographical and industry lines have confirmed that India needs more risk professionals. These courses could be the entryway into the job market.
- Even if one’s not professionally inclined, risk management is a skill that would be of great use to entrepreneurs.
Selecting the Right Risk Management Certification Course
When considering the courses to pursue after graduation, a student should weigh all options carefully. They must take into account:
- The tenure of the course, since they would not want to invest a lot of time.
- The curriculum of the course, and whether it is a good mix of practical and theory.
- The placement statistics of the course.
- The longevity of the course’s relevance, i.e., if it would be relevant and useful through the passage of time.
- How industry-driven it is, because any course worth its salt should be in line with industry standards.
Considering these factors, the PG in Risk Management by GRMI shines through.
Popular Risk Management Certification Courses in India
When it comes to risk management certification, India does not offer a lot of options. There are hardly any courses that offer a complete overview of the domain while still retaining their job-oriented factor. GRMI’s PG in Risk Management shines as the topmost among the best risk management courses in the world.
Ideated and founded by a Board of Governors consisting of academic, industry and corporate experts, Global Risk Management Institute Gurgaon drives itself on the express goal of training and grooming the next generation of risk management professionals in India.
Their flagship programme is a 1-year, on-campus, comprehensive course that covers all the verticals of Risk Management, such as:
- Corporate Governance
- Financial Risk Management (FRM)
- Strategic Risk Management
- Business Value Chain and Operating Models
- Process Mapping, Enhancement and Value Stream Mapping
- Concepts of Enterprise Risk Management
- IT Risk Management
- Applied Data Analytics
- Applied Cyber Security
- Regulatory and Compliance Risks, etc.
The programme is uniquely structured:
- 10 months of in-classroom education, followed by
- 2 months of internship.
Programme Benefits:
- Like executive MBA programmes, the course is for 1 year and is designed to be in line with changing industry standards.
- The course is apt for students from all educational backgrounds.
- The classes are conducted by industry leaders and academic veterans with numerous doubt-clearing sessions.
- Students go through multiple case studies, group assignments, and sessions with global corporate pathbreakers to get a feel of the real-time corporate world.
- There are numerous clubs such as Environmental, Alumni, etc. to instill a sense of responsibility amongst students and facilitate a holistic education.
- The Placement Track Record stands at 97%, with more than 250 alumni placed at the top consulting firms.
- The Median CTC for GRMI graduates is a stellar ₹9.25 LPA.
- Firms hiring from GRMI include but are not limited to EY, Deloitte, PwC, KPMG, American Express, Titan, PepsiCo, Fortis, etc.
Conclusion
GRMI’s PG in Risk Management has emerged as the top choice for students wanting to pursue a 1 year course after graduation. The course’s one-of-a-kind structure, its esteemed faculty, its unique industry position and the impressive placement statistics make it the brightest shining diamond of India’s bejeweled academic industry.
Any student looking to upgrade their resume, enhance their skill set and take their career to the next level should go for this risk management certification course.
