Risk Management


Any organization, large or small, depends on employees working for the firm’s best interests. Because people sometimes act against these priorities, it’s up to risk managers to identify potential hazards and put systems in place to avoid serious legal or financial trouble.

The Risk Management concentration from Concordia University, Nebraska provides a thorough immersion in this important, in-demand field. As a risk manager, you’ll learn how to analyze an organization’s entire operations, from small transactions to large-scale actions, and identify areas that are most vulnerable to fraud or allow exposure to unnecessary risk.

Risk managers must establish compliance programs to ensure that all company practices satisfy the latest versions of state and federal law. As a risk manager, you will work closely with both external regulatory agencies and internal stakeholders to avoid costly mistakes. From cash register skimming to falsified revenue statements, the risk of fraud can damage any organization’s finances and reputation.

The knowledge, insights, and real-world skills you gain from Concordia Nebraska’s Risk Management program will enable you to put systems in place – including insurance policies and active monitoring – to catch fraud early in the process.

The Risk Management concentration also fits within Concordia Nebraska’s mission as a traditional nonprofit university with a faith-based approach to learning: Our goal is to create effective servant-leaders through rigorous academics, supported by caring, experienced instructors.

The MBA curriculum is specifically designed to have immediate real-world applications – this means you can take what you learn in class and immediately apply it to your job. Fully online courses also let you advance your education without taking time away from your current job. Our cohort-based approach also gives you the support of fellow students – build a professional network and reinforce case studies as you learn with your peers. Concordia Nebraska’s personalized career enhancement package also ensures you will receive the in-depth career support you need, for as long as you need it.

Risk Management Program Goals

Identify key risk indicators

Audit internal financial records to spot potential fraud

Implement policies and procedures to mitigate risks

Conduct cost-benefit analyses of different insurance policies

Train supervisors and employees on effective risk management

Understand the role of regulation as you develop a compliance program

Monitor and report on the effectiveness of ongoing risk management efforts

Get On Your Way

The next start date for Risk Management is Monday, Jan 7.

Risk Management MBA ConcentrationCourses

  • Total Credits 36
  • Total Courses 12
  • Course Length 8 weeks

The Risk Management MBA concentration program from Concordia University, Nebraska is designed to prepare you to analyze an organization’s entire operations, from small transactions to large-scale actions, and identify areas that are most vulnerable to fraud or allow exposure to unnecessary risk.

MBA Core

    MBA 525 Leadership And Organizational Behavior
    This course is designed to increase students’ effectiveness and skill in analyzing and understanding organizations and their attendant processes. Behavioral science concepts and theories are studied. Individual, group and structural behavior and concepts are presented. Special emphasis will be placed on the importance of leadership and communications.
    MBA 531 Effective Decision-Making and Communication
    This course enables students to understand the theories and processes by which people construct and interpret messages that influence attitudes and events. Individual and group interactions will explore the decision-making process within organizations. Students will reflect about the purpose and effects of decisions made in business, and examine the proper way to communicate these decisions.
    MBA 550 Strategic Marketing
    This course will focus on the development of decision-making skills for both effective and efficient marketing. Emphasis will be placed on the importance of marketing in strategic planning and the critical process components in the development of effective marketing strategies. Topics will include market segmentation, use of marketing research in decision-making, use of media and promotion, budgeting, and marketing program evaluation.
    MBA 505 Ethical And Legal Environment Of Business
    This course equips business leaders to analyze their own ethical philosophies and those of others in a diverse and global business environment and to apply those philosophies in creating proactive ethics programs and solving ethical issues in their organizations. Included in the course is a study of different ethical models being applied in the modern business environment of the global community and the challenges faced by Christians in this morally diverse environment. This course also introduces students to important legal challenges they will face in leadership roles in business organizations and how they should analyze relevant variables in those areas to make wise decisions. Areas such as the civil litigation process, contract law, torts, and employment law will be discussed to aid in the analysis of the ethical and legal environment of businesses.
    MBA 513 Accounting: Financial Analysis For Decision-Making
    This course studies the use of internal accounting systems for decision-making and control. Topics include the nature of costs, organizational architecture, responsibility accounting, budgeting, cost allocation theory and practices, and management accounting in a changing environment.
    MBA 551 Operations Management
    This course focuses on operations in both the manufacturing and service sectors. Emphasis will be placed on analyzing logistics to promote efficiency and overall quality. Topics include production planning, inventory management, statistical process control, project management, product design and lean manufacturing.
    MBA 530 Corporate Finance
    This course studies the function of finance and the flow of funds within the corporation. This course emphasizes financial analysis, decision-making, planning and controlling, capital acquisition and use, and strategic planning.
    MBA 508 Innovation and Business Model Generation in a Digital Age
    This course will look at cutting-edge theories and practices in the areas of design thinking, complex problem solving, new types of innovation models, perceptual mapping in marketing research, and generating new business models for early stage companies and corporate intrapreneurship. In looking at design thinking, students will be equipped to examine discontinuities in underserved markets and uncover opportunities ripe for exploitation. Innovation will be explored through cases from the perspectives of product manufacturers, service providers and prospective customers.

Risk Management Concentration

    MBA 576 Fraud Management
    This course will provide students with a general overview of areas within occupational fraud such skimming, trade secret theft, cash larceny, check fraud, register schemes, money laundering, and misappropriation of cash and assets. Other areas of emphasis will include corruption and the steps taken to conduct an internal investigation when fraud is suspected.
    MBA 622 Risk Management and Insurance
    This course is an introduction to the world of risk management and insurance and how it can be used to minimize an organization’s risk of liability. Areas of emphasis will be on property insurance, life insurance for employees, health plan content and expenses, and general liability insurance.
    MBA 650 Compliance and Regulatory Risk
    This course will provide students with an understanding of the purpose behind regulation and the importance of the establishment of a thorough compliance program to minimize risk. Topics will include internal management of compliance through employee training and oversight along with external management of compliance, particularly with third parties such as agents, suppliers, contractors, and partner organizations.

MBA Capstone

    MBA 690 Strategic Management
    This course is a culminating MBA degree course. Managers in today’s business environment must adapt and evolve to meet the technological and global pace of business. This course will provide the manager with the tools to successfully evaluate the internal and external environment and develop a strategic plan that is aligned with the goals of the organization and the needs of the market. Focus will be placed on the formation, implementation, and evaluation of strategic plans through a balance of readings, class discussion, case analysis and simulations. Students’ achievement of the MBA Program Goals will be measured.

Risk Management Similar Programs

Lead and Serve Your Organization

With your MBA from Concordia University, Nebraska, you'll be equipped to make the decisions your business needs to adapt to the constantly changing marketplace.

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Risk Management Delivery Options

We provide you with options so you can earn your degree in the way that works best for you.

On Campus

$555 credit hour
  • Conveniently located five minutes from downtown Lincoln, Nebraska
  • Structured programs/class times—meet once per week
  • Enhance your experience through social interaction with peers
  • Comfortable, professional facilities in which to learn and study
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$555 credit hour
  • Face-to-face access to peers and instructors
  • Convenience of online courses with a flexible on-campus option
  • Variety of learning environments enhances your communication skills
  • Work independently and as part of a group
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$555 credit hour
  • Control your schedule and pace with flexible class options
  • Self-paced—study when it is convenient for you
  • Your classroom is available from the comforts of your home
  • Learn from instructors with diverse backgrounds from around the world
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