Running a business in any industry is inherently risky. Yet, recent studies suggest most companies don’t perform risk assessments nearly enough.
Only about 20% carry out these assessments monthly. Additionally, only about 40% conduct them annually.
However, this may change soon as more companies realize the enterprise risks of running their businesses. Thus, now is the ideal time to master actuarial science and earn a risk management degree online. This will put you in the perfect position to help businesses of all sizes minimize risks and maintain financial stability.
Here is why every industry needs risk management experts right now.
The Confusing Complexity of Risks
Companies have always faced their fair share of risks, but they are becoming more complex with each passing year.
Many have started dealing with complications involving factors like:
- Disruptions within the national and global supply chain
- Geopolitical instability and unrest in different parts of the world
- The fast-paced development of artificial intelligence, cryptocurrency, and other emerging technologies
Companies often rely on those with risk management degrees to untangle these complicated risks.
The Growing Cybersecurity Threats
Remarkably, about three-fourths of American companies are currently at risk of being the victims of cybersecurity threats. Additionally, cyberattacks impact about 60% of small and medium-sized businesses annually.
Still, many businesses struggle to minimize these threats since it requires them to know who could prepare to launch them, how susceptible their systems are to them, etc. Thankfully, this is where risk management experts will step in and help them identify and avoid cybersecurity threats.
This is another reason to consider pursuing a risk management degree from Everglades University. It will teach you to pinpoint potential problems and lead companies out of danger, which is a valuable skill in all industries.
The Increasing Compliance Regulations
Business leaders must understand the regulations they need to follow and implement practices to ensure constant compliance within their respective industries. Again, this is not an easy task, especially when the top executives at most companies are consumed by everything else related to running successful operations.
Risk assessment experts are well informed about the compliance regulations within specific industries. They will ensure companies don’t knowingly — or unknowingly — do anything to compromise their rights to operate within them.
Start Working on Earning Your Risk Management Degree Today
You shouldn’t ever have trouble finding work when you have a risk management degree. You can secure employment within corporations, insurance companies, and other places of business and spend your days helping them sidestep issues that could otherwise derail their operations.
Let Everglades University provide the training and tools you need to become a risk management expert. Contact us at (888) 772-6077 for more information on earning a degree.