Best Online Risk Management Classes

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All businesses are exposed to risk, from the company’s strategy or market to risks related to its finances, business operations, and more. Risk management is the practice of identifying and evaluating risks so they can be eliminated or mitigated. Businesses need people skilled in risk management to help soften any consequences, including the costs, associated with those risks.

Because of the need for those experienced in risk management, we researched nearly two dozen courses to find the best online risk management courses. Not only did we consider the reputation of the organizations offering the classes, but we also looked for courses for a variety of learning needs and at a reasonable rate. We also evaluated how long it will take to complete each course and if you’ll get access to your instructor. 

Read on to learn more about the best online risk management courses.

Best Overall : Enterprise Risk Management from Udemy


Udemy

Udemy

Why We Chose It: To take this course, you don’t need to have any prerequisite knowledge and you’ll learn all the basics of enterprise risk management at a rate as low as $12.99 with a new student promotional discount that’s sometimes available.

What We Like
  • Offers promotional pricing as low as $12.99 per course

  • Regular price of $94.99 is reasonable

  • No prerequisite knowledge is needed

  • Includes lifetime access to course materials

  • Provides a certificate of completion

What We Don't Like
  • Promotional pricing isn’t always available

  • Phone support is unavailable

  • No access to live support from course instructors

Udemy, one of the most well-known online learning platforms, offers an Enterprise Risk Management course covering all the basics and requiring no prior knowledge, at a cost as low as $12.99 for new students with a promotional discount. The regular price of $94.99 is also reasonable. With this course, you’ll learn how to apply risk-based thinking to business processes and manage risk in five basic steps.   

If you sign up for the Enterprise Risk Management course from Udemy, you’ll get two hours of on-demand video as well as lifetime access to four articles and seven downloadable resources. The risk management topics covered in the course apply to any industry, giving it broad applicability. When you finish the course, you’ll earn a certificate of completion. 

One of the other things we like about this course is that it’s offered by Udemy, one of the top global marketplaces for online learning. You can choose from approximately 130,000 different courses, and about 35 million people have taken courses from Udemy. Plus, Udemy was recently recognized as a leader in helping change the world for the better.  

The main drawback to Udemy’s online risk management class is that you won’t get access to live support from course instructors. If you have technical questions about the site or need other support types, Udemy has a detailed student help center you can access.

Best for Flexible Pricing : Portfolio and Risk Management via Coursera


Coursera

 Coursera

Why We Chose It: If you don’t want to earn a certificate, you can choose to audit the course for free, or you can buy a membership for $49 a month if you want to get a certificate of completion.

What We Like
  • Offers a seven-day free trial period

  • Allows free course auditing

  • Provides a certificate of completion

What We Don't Like
  • Requires membership of $49 a month to earn a certificate

  • No access to live support from course instructors

  • Phone support is unavailable

If you want to learn how to build portfolios and manage the underlying portfolio risks, the Université de Genève offers an online Portfolio and Risk Management class via Coursera, a well-known educational platform that offers online classes from over 200 top universities across the globe.

To earn a certificate, you’ll need to pay $49 a month for a Coursera membership. However, you can get seven days for free if you sign up for a trial, and you can also audit the entire course for free (note that you won’t earn a certificate with this option). 

The Portfolio and Risk Management course is completed completely online and will take about eight hours to finish. You’ll get access to a variety of online videos, reading materials, quizzes, and other resources. The course can be completed at your own pace, and you can adjust the deadlines to fit your schedule. Upon completion of the paid version, you’ll get a certificate. 

You won’t get any access to live instructors with this course. Still, Coursera has a robust learner help center if you need assistance with account setup, payments, enrollment, or technical issues.

Best Value Option : Risk Management for Cybersecurity and IT Managers from Udemy


Udemy

 Udemy

Why We Chose It: You can learn about all the basics of risk management as it relates to IT and cybersecurity, with the promotional pricing for new students as low as $12.99 for the entire course.

What We Like
  • New student promotional discounts can make the per-course costs as low as $12.99

  • Provides a certificate of completion

  • Materials can be accessed forever

What We Don't Like
  • Discounts aren’t always available

  • Phone support is unavailable

  • No access to live support from course instructors

Udemy offers an online course in Risk Management for Cybersecurity and IT Managers that provides insight into all the basics related to this topic. Not only will you learn the foundations of risk management as it relates to cybersecurity and IT, but you’ll also learn how to use qualitative and quantitative risk measures and will discuss relevant current events. 

This course’s normal price is $94.99, but Udemy often offers new students discounts that reduce the per course costs to as low as $12.99 each. If you sign up for the Risk Management for Cybersecurity and IT Managers course from Udemy, you’ll get access to three hours of on-demand videos, one article, and two downloadable resources. Plus, you’ll be able to access the course materials forever and you’ll earn a certificate of completion. 

You won’t have any access to instructors should you have questions or need support. However, Udemy has a detailed student help center that you can use to get support and find answers to common questions.

Best for Beginners : Risk Management Fundamentals from Velociteach


Velociteach

Velociteach

Why We Chose It: If you’re new to risk management, you can learn all the basics and apply them to a project management setting at an affordable cost.

What We Like
  • PMI and Velociteach are leaders in the project management space

  • Covers all the basics of risk management, with a focus on project management

  • Provides a certificate of completion

  • Allows you to earn continuing education credits

What We Don't Like
  • No access to live support from course instructors

  • Phone support unavailable on the weekends and evenings

The Project Management Institute (PMI) has operated since 1969 and is the leading association globally for the fields of project management, program management, and portfolio management. For individuals new to risk management, the PMI offers an online Risk Management Fundamentals class in partnership with Velociteach to teach you how to identify and mitigate risk from project start to finish. 

This online course in risk management costs $89. You’ll learn how to apply what you’re learning to a real-life case study. Plus, you’ll be able to download a variety of tools and templates from Velociteach, a world leader in the field of project management education and certification. 

You can expect it to take about five hours to finish the class, which you can complete at your convenience for six months. The course materials and videos can be revisited as much as you like during this time. Upon course completion, you’ll receive a certificate of completion. Plus, you’ll earn professional development units (PDUs) that can be applied toward various certifications (e.g., the Project Management Professional, PMP, certification). 

Although you won’t have access to a live instructor, Velociteach has great resources, including an online chat feature, that you can use if you experience technical issues. You can also reach the support team by phone at 1-866-820-0524 Monday through Friday between the hours of 8:30 a.m. and 5:00 p.m. (EST).

Best for Advanced : Financial Engineering and Risk Management via Coursera


Coursera

 Coursera

Why We Chose It: You can learn about the advanced statistical models that support financial engineering and how to manage risk with a course designed by Columbia University for a cost ranging from free to $49.

What We Like
  • Full courses are available for free without a certificate

  • Cost with a certificate of completion is only $49 per course

  • Offered by Columbia University via Coursera

What We Don't Like
  • Requires advanced understanding of math

  • No access to live support from course instructors

  • Phone support is unavailable

If you’re interested in learning about advanced risk management topics, the Financial Engineering and Risk Management courses offered by Coursera in partnership with Columbia University are good options. 

With the Financial Engineering and Risk Management courses offered by Coursera, you’ll get to learn the “rocket science” behind financial models, including their limitations, at a cost ranging from $0 to $49 per class. The course is offered in two parts: Financial Engineering and Risk Management Part I and Part II.  

In Financial Engineering and Risk Management Part I, you’ll learn about advanced statistical models used to price various types of derivatives and the roles these securities played in the global financial crisis. If you continue to Part II, you’ll learn how to develop derivatives pricing models further and will also learn about asset allocation and portfolio optimization, amongst other topics. 

You can enroll in one or both courses for free, which gives you access to all the online course materials. If you want to earn a certificate, you’ll need to pay a fee of $49 per course. You can expect it to take about 18 hours to complete each course, and you can reset the course deadlines to fit your schedule. You’ll get access to a variety of videos, reading materials, and practice exercises. Plus, you’ll earn a certificate upon course completion. 

To get assistance, you’ll need to visit Coursera’s learner help center online. Unfortunately, you won’t have access to your instructors.

Best Comprehensive Option : Financial Risk and Regulation by the Global Association for Risk Professionals


Global Association for Risk Professionals

 Global Association for Risk Professionals

Why We Chose It: You’ll learn all about four key areas of risk management, plus, you’ll earn a certificate from a globally recognized leader in risk management.

What We Like
  • Earn a Financial Risk and Regulation certificate from GARP

  • There aren’t any specific eligibility requirements (e.g., a college degree)

  • Cost of $350 to $450 is relatively reasonable

What We Don't Like
  • Self-study format doesn’t give you access to instructor support

  • It’s best for mid-level finance professionals with three to five years of experience

  • Additional fee of $175 applies if you need a second attempt to pass the final exam

  • Hours of operation aren’t published

The online Financial Risk and Regulation course offered by the Global Association for Risk Professionals (GARP) provides comprehensive training to mid-level financial professionals with three to five years’ experience in areas such as risk, insurance, auditing, accounting, compliance, IT, consulting, and more. You’ll learn about credit, market, and operational risk management, as well as asset and liability management. This self-paced program takes 40 to 50 hours to complete and costs $350 for GARP members and $450 for non-members. 

You’ll receive access to four e-books, a study guide, quizzes, case studies, practice exams, and other study materials. Plus, if you prefer paper, you’ll have an option to receive hard copies of the textbooks instead of the e-books. You have nine months to complete the course and you get two attempts to pass the exam. Note that the second attempt comes with an additional $175 cost.   

Upon completion, you’ll receive a GARP-issued certificate showing you completed the Financial Risk and Regulation course. The Global Association for Risk Management is a respected non-profit membership association that’s recognized across the globe. It has over 150,000 members who are located in 190 countries and territories. 

One drawback is that you won’t have access to an instructor in the event you have questions. For technical issues, you can contact member services by email or phone.

Best for Finance : Certified Risk Specialist (Banking) by Interfima


Interfima

 Interfima

Why We Chose It: You can advance your finance career by earning the professional designation as a certified risk specialist, for $1,500 for the entire course. Plus, you get to interact with your instructors.

What We Like
  • Earn designation as a Certified Risk Specialist (Banking)

  • Includes 10 hours of live video instruction with instructor interaction

  • Professional designation is listed in the FINRA directory

What We Don't Like
  • High cost of $1,500 for the course

  • Experience in banking and/or a degree in business or a related subject is required

  • Continuing education required to maintain certification

If you’re a finance professional, Interfima offers an online course that you can take to become a Certified Risk Specialist in banking. Interfima’s knowledge of financial services spans worldwide, and its Certified Risk Specialist course is even listed in the Financial Industry Regulatory Authority (FINRA) directory. FINRA is an organization authorized by the U.S. Congress to protect America’s investors by ensuring the financial markets are fair. 

The Certified Risk Specialist course from Interfima is offered entirely online and is designed to help you identify the critical elements of risk to the banking industry as well as learn some advanced techniques to mitigate and manage these risks within the banking environment. You’ll attend five live video meetings totaling 10 hours where you’ll get to interact with your instructor, Dr. Stanley Mutenga. Additionally, you’ll complete about 30 hours of self-study and you’ll need a passing grade of 70% or better on a final examination to earn your certificate. 

To take this course, you need to have three years of experience in the financial services industry or hold a degree (graduate or undergraduate) in finance, business, law, or economics from an accredited higher education institution. To maintain your certificate, you’ll need to take three hours of financial training each year. 

The course costs $1,500, but you’ll learn about all of the risk management elements important to banking.

Best for Insurance : Certified Risk Manager Program by the National Alliance for Insurance Education & Research


National Alliance for Insurance Education & Research

National Alliance for Insurance Education & Research

Why We Chose It: You can earn a professional designation as a certified risk manager to advance your career in the insurance industry at the cost of $430 for each online course (five courses are required). Plus, you’ll have an opportunity to interact with your instructors.

What We Like
  • The National Alliance has offered educational resources for more than 50 years

  • CRM designation is earned upon program completion

  • Online courses allow for live interaction with an instructor

What We Don't Like
  • Must have insurance or risk management experience

  • Requires the completion of five courses

  • Each of the five online courses costs $430

  • Continuing education required to maintain your certification

If you have risk management or insurance experience, the National Alliance for Insurance Education & Research offers an online or in-person Certified Risk Manager (CRM) program. After completing five required courses, you’ll receive designation as a CRM demonstrating your risk management expertise.

To earn the CRM designation, you’ll take courses covering these five areas:

Topic Online Cost Brief Description
Analysis of Risk $430 Learn how to use risk data to analyze loss frequency, severity, and potential, as well as the costs and benefits of potential control solutions.
Control of Risk $430 Learn about solutions used to prevent, reduce, or eliminate risk. 
Financing of Risk $430 Learn about risk financing options that can be used to solve the needs with different risk-appetites and areas of expertise. 
Practice of Risk Management $430 Gain insight into the day-to-day requirements placed on risk managers and to apply the risk management process.
Principles of Risk Management $430 Learn how to identify exposure to risk within organizations.

You can choose between instructor-led online or in-person classes, although in-person classes aren’t always available. With the online experience, you’ll attend 16 hours of live webinars over two to four weeks and will get to interact with your instructor. Upon completion of the required courses, you’ll receive your CRM designation. To keep this designation, you’ll need to complete at least one required course or seminar (online or in-person) annually.

Compare Providers

Course Why We Picked It Regular Price
Enterprise Risk Management from Udemy You don’t need any prerequisite knowledge and you’ll learn the basics of enterprise risk management at an affordable cost. $94.99 to enroll
Portfolio and Risk Management via Coursera You can choose to audit the course for free or you can buy a monthly membership if you want to earn a certificate. $49 a month
Risk Management for Cybersecurity and IT Managers from Udemy New students can get promotional pricing as low as $12.99, and the regular pricing is also affordable. $94.99 to enroll
Risk Management Fundamentals by PMI Individuals new to risk management can learn the basics and apply them to a project management setting at an affordable cost.  $89 to $125 to enroll
Financial Engineering and Risk Management via Coursera You can learn about advanced statistical financial models with a course designed by Columbia University for a reasonable rate. $49 for a certificate
Financial Risk and Regulation by GARP You’ll learn about four key risk management areas and get a certificate from a globally recognized leader in risk management. $350 to $450 to enroll
Certified Risk Specialist (Banking) by Interfima You can earn a professional designation as a certified risk specialist to help enhance your finance career.  $1,500 to enroll
Certified Risk Manager Program by The National Alliance You can earn a professional designation as a certified risk manager from a reputable non-profit insurance association. $430 per online course (5 required)

Final Verdict

We evaluated a variety of courses to find the best online risk management classes. There are courses available for all different knowledge levels and industries, ranging from free to $1,500 or more. When choosing your online risk management course, make sure to think about your goals and the type of knowledge you need to advance in your career. 


Although all of the courses on our list are good options, we chose Udemy’s Enterprise Risk Management course as the overall best online risk management class because it provides the basics of risk management that can be applied by people with a wide variety of skill sets and in all sorts of industries.

FAQs

What Are Online Risk Management Classes?

Online risk management classes help people learn how to identify and manage risk within their organizations. These courses can be a good way for people to increase their job skills and knowledge without going back to college or taking a break from work. Some employers will even sponsor, pay for, or reimburse for these types of programs.

There are lots of different online risk management courses that you can take depending on your budget, how much time you have on your hands, your skill level, and the topic you want to study. 


What Types of Risk Management Classes Are There?

There is a wide variety of risk management classes, ranging from courses that pertain to a specific industry (e.g., insurance) or profession (e.g., project management) to courses that apply to all types of businesses (e.g., enterprise risk management). Once you understand the risk management basics, it’s important to choose advanced courses specific to your industry or profession to better equip you to address business and non-business risks unique to your field.


Can I Get a Risk Management Certification?

It is possible to obtain a risk management certification. There exists a variety of risk management certifications that vary based on the specific industry and career. For example, individuals who work in financial services (e.g., insurance and banking) can obtain certification as a Certified Risk Specialist, Certified Risk Manager, or Financial Risk Manager, amongst other designations. Another example is the RIMS-Certified Risk Management Professional credential, which is good for people working in all types of industries and risk management roles. 

Are Online Risk Management Classes Worth It?

A free beginner online risk management class could be a good idea for someone who is interested in risk management or wants an overview of the industry. The more advanced classes or certificate programs can be a great way to increase your skills and knowledge in risk management, potentially earning you a promotion or raise. 

What Are the Most Useful Risk Management Topics?

One of the most useful risk management topics is enterprise risk management, which relates to identifying and managing the risks that pose the greatest threat to a business’s ability to achieve its objectives. It encourages business leaders to contemplate and consider all types of risks, making it an invaluable topic. 


Other important risk management skills include understanding and identifying financial risks and possessing analytical abilities. 

What Do Online Risk Management Classes Cost?

The cost of online risk management classes varies depending on the type of course you’re taking, whether you’ll earn a professional designation, and if you’ll have direct access to the course instructor. Courses where you don’t earn a professional designation and access to an instructor aren’t provided are the least expensive, ranging from free to $150 on average. Online risk management courses where you’ll earn a professional designation (e.g., Certified Risk Specialist) can cost $1,500 or more.

How We Chose the Best Online Risk Management Classes

We evaluated over 20 offerings to find the best online risk management courses. In addition to considering the reputation of the organizations offering the classes, we looked for courses that fit various learning needs at an affordable cost. Plus, we considered how long it will take you to complete each course, and if you’ll get access to your instructor. 

All of the options on our list provide a foundational education in risk management at affordable price points, offer self-paced learning modules, and are offered by reputable agencies.