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Financial Risk Specialist

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AVG. SALARY

$85,660

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

What To Learn

High School

What high school courses should you take if you're interested in this career? Get your answers from the Finance cluster Securities and Investments pathway.

Beyond High School

Here's a list of programs that you should consider if you're interested in this career:

Education Level

Education training and experience are required at different levels for success in different occupations.

Bachelor's degree

Most entry-level positions for financial analysts require a bachelor's degree; a common field of degree is business. Some employers prefer to hire job candidates who have a master's degree.

Insider Info

Additional Information

Many colleges and universities offer degrees in risk management. If you want to specialize in a certain area, you might want to take other studies as well.

James Coyle is the director of the Public Risk Management Association (PRIMA). "The profession as a whole tends to be a more jack-of-all-trades thing, but people can specialize within it," he says.

"If you wanted to focus on environmental risk management, you'd probably get a degree in environmental science with a minor in risk management. People can concentrate on being an insurance type. Someone else could be a worker's compensation specialist. It's a very dynamic field.

Risk management certification, though not mandatory, is available as a graduate-level program through the Insurance Institute of America. Risk managers can earn their associate in risk management designation (ARM) after passing three courses: one in risk financing, one in risk control and one in risk administration.

Extra Requirements

The Financial Industry Regulatory Authority (FINRA) is the main licensing organization for the securities industry. A license is generally required to sell financial products, which may apply to some positions.

For additional information, visit these websites:

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.