Risk Management-Enterprise Risk Management –Â Enterprise Risk Management is a senior corporate function designed to increase the value of a firm through the optimal treatment of risk. ERM encompasses a variety of risks, including strategic, financial, hazard, and operational risks. Students majoring in ERM are prepared to work in corporate risk management departments, risk management consulting, regulatory compliance, and a variety of financial services industries, including insurance, personal credit, and benefits management.
Risk Management-Real Estate –Â A wide range of professional opportunities in corporate real estate management, real estate brokerage, appraisal, risk management, mortgage lending and banking, development and governmental service are possible for students in this option.
For more information about the Risk Management major, visit:
Smeal Majors: undergrad.smeal.psu.edu/majors/risk-management
Academics & Advising: ugstudents.smeal.psu.edu/academics-advising/information-on-smeal-majors/risk-management
Major Sustainability: majorsustainability.smeal.psu.edu/
Smeal Undergraduate Majors: Enterprise Risk Management from Smeal College of Business on Vimeo.
To learn more about student organizations related to your major and/or interests, visit ugstudents.smeal.psu.edu/student-organizations.
Risk Management Career Paths
Below are just a few of the many career paths you can take with a risk management degree. Check out these websites to learn more about careers in your major!
Risk Analyst
Risk analysts are involved in a wide variety of systems including management and control risk and legal, political, economic, and property risk assessment. Risk analysts may work in sales, origination, trading, marketing, financial services or private banking.
Project Managers
Project Managers manage projects on time and in budget, by planning and allocating resources and people. They track work that needs completed, set deadlines and delegate tasks to the project team, identifying any potential risks. Types of work include construction, engineering, marketing, and more.
Management Consultant
Management consultants solve issues, create value, and maximize growth to increase company performance. They identify options for the organization and suggest recommendations for change, as well as advising on additional resources to implement solutions. Check out this consulting industry snapshot created by the Forté Foundation. This is a great resource to explore industries that interest you the most.
Internal Auditor
Internal auditors look at how a company’s risk management, governance and control processes are operating effectively. They evaluate how well risks are being managed, how business is running and if internal processes are working. Auditing also includes a consulting service, advising management on how to improve their systems and processes.
Mortgage Credit Analyst
Mortgage credit analysts work to evaluate the risk and value of potential real estate investments. They conduct research, perform analyses, and present their findings and recommendations to cross-functional teams.
Real Estate Portfolio Manager
A portfolio manager is in charge of overseeing a group of properties. They are responsible for making strategic decisions to buy, sell, and improve upon properties and understanding the risk factor of each. To learn more about careers in real estate, click here.
