Career & Scope of Risk Management in Pakistan & Abroad – Degrees, Definition, Jobs, Core Subject & Super Tips
Every businessman hate risks still he has to take it too for the sake of business and profit. Risk is involved in all kinds of businesses even banks and insurance companies which rely on usury in their business also hire the services of experts of financial risk managers to avoid risk in their businesses.
Definition
Its all about forecasting, evaluation and solution of expected financial risks in businesses for reducing their impacts.
Career & Scope of Risk Management-Courses, Introduction, Jobs,Core Topics & Tips
Nobody can control the element of risk completely in any business, but we can manage risks easily. Its all about planning, management and taking calculated risks. Its is the most demanding field in the financial sector all over the world. You must get your specialization or higher education in risk management. Financial risk management is an art and this skill can guarantee your success not only as an employee but also as an employer. Its an emerging filed of business management. Those students who want to start any business must improve their skills in marketing and risk management. Majority of our students are not aware of importance and true concepts of both these subjects. If you want to manage a business scientifically then you will have to learn both these skills.
Career & Scope
Employment Areas
Information Technology Field
Banks & Other Financial Organizations
Energy & Power Sector
Disaster Management Department
Insurance Companies
Multinational Companies
Educational Institutes
Stock Exchanges
Brokerage Houses
Forex Trading Companies
Government Finance & Planning Departments
Its a fact that no company can survive in the modern day world without hiring an risk management expert, so finding a job will not be a problem for you, but you will also have to work hard for making feasibility reports for different kinds of businesses. You may also work as an financial adviser. Almost all such persons start their own business in the second half of their professional career. Just stay in touch with latest research and market for updating yourself as per the needs of market.
Core Topics & Subjects
Introduction of Risk & Its Management
Theory of Probability
Latest data Analysis Techniques
Monte Carlo Simulation
Types of business risks & their solutions
Financial, operational & technical risks
Risk identification-Categorization & methods of management
Risk analysis & assessment
Advantages
Risk elements
Risk factors logic
Evaluating risk impacts & solutions
How to select best option?
Risk Management in energy, banks, insurance, disaster management and IT sectors
Many factors can affect the profitability of a company like
Accidents/Acts of God
Break-downs
Strikes
Shortage of raw material
Shortage of repair and maintenance staff
Out dated technology and machinery
Untrained human resources
Shortage of funds
Load shedding of gas and electricity
Loss of important data
Miscommunication
Lack of information & resources
A common person thinks that there is no solution for such problems but an expert can easily manage such problems with his clever thinking and planning. Stay in touch with studysolutions.pk and its junior website for guidance about all kinds of business courses. Visit our facebook pages too.
I am a professional content writer and have experience of 10 years. I also launched first ever English monthly magazine of human rights in Pakistan. Majority of content on this website is written by me.