In finance, risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. A Risk Manager’s responsibility is to use his expertise to help his or her organization prepare for such uncertainties, minimize threats to its interests, and reduce losses. The actions of the Risk Manager have a direct impact on the company’s financial performance, efficiency, output, and overall success.
Personal Competencies
You are a careful and organized person
You can keep accurate records of financial transactions
You are good at Maths
You like to analyze problems/situations
Entry Pathway
1. Complete 10+2 in the Commerce stream
2. Complete Bachelor’s in any Engineering/ Computer Science/ Information Technology/ Computer Application/ Mathematic or related subject
OR
Complete Bachelor’s degree and follow it up with a Master’s in the same or allied field
Please check the duration of the course during enrolment
Where will you study?
This course is offered by the Department of Information Technology. This list of institutes is indicative only
Government Institutes 1. Delhi Technological University 2. Lalbhai Dalpatbhai College of Engineering, Ahmedabad 3.Indian Institute of Engineering Science and Technology, Kolkata 4. Government Polytechnic, Nashik (Diploma) 5. Government Polytechnic, Mumbai (Diploma) 6. Aligarh Muslim University (Diploma) 7. NIMS University, Jaipur (Diploma) 8. Government Polytechnic For Girls, Ahmedabad (Diploma)
Private Institutes (To be checked with UGC for its affiliation and accreditation) 1. Manipal Institute of Technology 2. PSG Tech, Coimbatore 3. Dayananda Sagar College of Engineering, Bangalore 4. Vellore Institute of Technology 5. Birla Institute of Technology, Jharkhand
The average fee of B.Tech. in Information Technology ranges from INR. 30,000 - INR 800,000* per annum.
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes* • Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI* • Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) • Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc. • All banks give education loans
Where will you work?
Places of Work: Banks, Financial Institutions etc.
Work Environment: It is a desk job. Local travel is part of the job role. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organization to organization.
Opportunities for work exist for differently abled in this field
Rohit Mahajan is President, Risk Advisory, Deloitte India. He has over 21 years of experience in advising companies across jurisdictions in India and globally. He has done his Bachelor’s in Accountancy from Delhi University. He has experience in multiple business practices including Risk Advisory, Financial Assurance, Anti-Bribery and Anti-Corruption Management.*
Risk manager
NCS Code: 2412.0400 | BFSI161. Complete 10+2 in the Commerce stream
2. Complete Bachelor’s in any Engineering/ Computer Science/ Information Technology/ Computer Application/ Mathematic or related subject
OR
Complete Bachelor’s degree and follow it up with a Master’s in the same or allied field
Please check the duration of the course during enrolment
This course is offered by the Department of Information Technology.
This list of institutes is indicative only
Government Institutes
1. Delhi Technological University
2. Lalbhai Dalpatbhai College of Engineering, Ahmedabad 3.Indian Institute of Engineering Science and Technology, Kolkata
4. Government Polytechnic, Nashik (Diploma)
5. Government Polytechnic, Mumbai (Diploma)
6. Aligarh Muslim University (Diploma)
7. NIMS University, Jaipur (Diploma)
8. Government Polytechnic For Girls, Ahmedabad (Diploma)
Private Institutes
(To be checked with UGC for its affiliation and accreditation)
1. Manipal Institute of Technology
2. PSG Tech, Coimbatore
3. Dayananda Sagar College of Engineering, Bangalore
4. Vellore Institute of Technology
5. Birla Institute of Technology, Jharkhand
Information on the institute rankings can be found at - https://www.nirfindia.org/2022/Ranking.html
The average fee of B.Tech. in Information Technology ranges from INR. 30,000 - INR 800,000* per annum.
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI*
• Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA)
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans
Places of Work: Banks, Financial Institutions etc.
Work Environment: It is a desk job. Local travel is part of the job role. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organization to organization.
Opportunities for work exist for differently abled in this field
Risk Management Trainee → Risk Management Analyst → Financial Manager
The approx. salary of a Risk Manager ranges between INR 45,833 - 1,25,833* or more per month.
Source: https://in.talent.com/salary?job=risk+analyst
*These figures are indicative and subject to change
Experts from the field
Rohit Mahajan is President, Risk Advisory, Deloitte India. He has over 21 years of experience in advising companies across jurisdictions in India and globally. He has done his Bachelor’s in Accountancy from Delhi University. He has experience in multiple business practices including Risk Advisory, Financial Assurance, Anti-Bribery and Anti-Corruption Management.*
Source: https://www2.deloitte.com/in/en/profiles/rmahajan.html
*The above information is for training purposes only and will not be used for any commercial gains
analyst, risk analyst, credit analyst