“If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.”

Gary David Cohn (the President of the world-famous Investment banking company Goldman Sachs)

 How much truer could this be? Anticipating, analyzing and managing risk has become increasingly significant for governments and all types of businesses across the world. The needs of the project environment are continually growing and becoming virtual, multifaceted and global. Thus, it would not be an exaggeration to state that a Risk management certification relevant to your career would certainly strengthen your professional capacity and reinforces your employability.

 In this article, I will be discussing with you the top 5 Risk management certifications across the globe.


 The PMI-RMP® certification is one of the industry’s most eminent Professional Risk Management certifications and has immense demand in the project management market. This course offered by the Project Management Institute (PMI) makes you stand apart from the rest of the employees and earns credit to your organization.

Target Audience

  • Risk managers
  • Project managers
  • Line managers
  • Finance managers
  • Business Analysts


Member: US$520

Non-member: US$670


  • Most highly recognized risk management certification in the project management industry
  • It offers you a handsome payoff. The leading performers achieve their objects 2.5 times more often and consume 13 times less money than the weak performers, as observed in the Pulse of the Profession® 2015 report
  • Enables you to increase the rate of success the projects you involve in which elevates your career to a whole new level.

 Certified Risk Manager (CRM)

 The CRM program is designed primarily to aid insurance and finance professionals to build their risk management skills. This certification offered by the National Alliance for Insurance Education and Research will help you gain credibility and command in your organization and the risk management community.

 Target Audience

  • Risk managers
  • Insurance professionals
  • Financial professionals
  • Licensed brokers
  • Licensed agents
  • Accountants
  • Solicitors




  • Extensive education in utilizing quantitative and qualitative tools
  • Real-life cases and experiences shared by instructors who are engaged consistently in the risk management profession
  • An enlightening overview of the 5 stages of risk management – identification of threats, analysis of risk, risk control methodologies, risk financing, and risk administration


 The RIMS-Certified Risk Management Professional (RIMS-CRMP) is the one and only competency-based risk management certification that exhibits your performance skills and your professional knowledge. This certification offered by the Risk Management Society when attached to your profile will demonstrate how skillfully you manage risk thus adding value to your organization. The RIMS is a non-profit organization that represents over 3,500 organizations across the globe.

 Target Audience

  • Bachelor’s degree holders with a Risk management background and has at least one year of relevant work experience
  • Bachelor’s degree holders without Risk management background, but has at least with 3 years of relevant work experience
  • Individuals without a Bachelor’s degree, but had gained experience of at least 7 years in the risk management industry


Members – US$350

Non-members – US$500

Both are inclusive of a non-refundable application processing fee – $100


  • Gaining a RIMS-CRMP will prove that you, as a perpetual learner and one with a strategic thought process, can steer through the risk environment of the present as well as the future.
  • This professional distinction will illustrate your enterprise-wide perspective, enhance your earning potential, and equip you to take up more complex and high-paid roles.
  • You can be sure to earn a competitive edge over your colleagues
  • Currently, RIMS-CRMP is the only risk management certification that has earned the accreditation of ISO/IEC 17024:2012

 Financial Risk Manager (FRM®)

 There has never been a more critical time to stand out. So, begin right now. As the risk management industry is becoming more and more competitive, professionals who succeed are those who analyze and interpret future risks well in advance and saves the organization promptly. FRM® certification offered by the Global Association of Risk Professionals demonstrates that your skills and expertise to meet international standards and connects you with an entire network of risk professionals from the world’s leading organizations.

 Target Audience

  • Operational risk Analysts
  • Risk Management Analysts
  • Risk qualification Manager
  • Enterprise Risk Manager
  • Risk Qualification Manager


The enrollment fee of US$400 covers the exam administration cost excluding the cost of study materials.


  • To people who do not come from a risk management background, FRM provides an ideal pathway to switch careers and explore the wonderment of the risk management profession.
  • In the USA, the demand for this particular certification is so high that an average certification holder may earn anywhere between US$100,000 and US$250,000

 Final Word

 Choosing the right risk management certification itself is a risky process. The apt course that is tailor-made for you depends on a number of factors including your existing designation, job description, organization, affordability, and your short and long-term goals. If you already possess basic risk management skills, and if you’ve gone through the details of the above courses carefully, then you’d definitely know which course is a safe bet that suits your needs perfectly.

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