Recently, a new risk management program has been introduced atRotman School of Management in Toronto.The new project is quite urgent, since risks in management are becoming more and more important for top companies, and executives need more people qualified in this sphere of business
The need for Rotman’s new risk management program is underlined by Professor Rose Patten of Rotman School. According to her, this program takes no more than eight months to complete and, despite not being long-term, is immersive and will prove helpful for new graduates in management.
Top Canadian executives believe fresh talent in risk management is a great asset. According to a survey, no less than two thousand companies have been proved to be facing more risks than ever before.
Thus, the new Canadian program has been created to cater to the needs of the industries. Canada’s best risk managers will participate in the program, among them Global Risk Institute in Financial Services CEO Richard Nesbitt.
Still, the need for new graduates in risk management area isn’t just a Canadian issue. According to UK Henley business school program director, Dr. Kappou, in the recent years, English companies have been experiencing a lack of qualified risk managers.
Paul Shoonenberg from Aston Business School confirms this information and emphasizes the ever-increasing demand for talented professionals in this area, especially in the aftermath of the global crisis of 2008. According to him, the primary employers for new risk managers will be banks, as risks are of great importance to them.
The growing demand for risk managers is also true for companies in the US, especially after Basel III which has overturned the established financial services requirements completely. Due to changes in the system, new risks have to be explored and dealt with every day.
Risk managing specialists are needed in all industries, starting with finance and ending with IT and even governmental institutions, according to Jennifer Windus (George Washington University’s business school). Management consulting companies, who provide their customers with risk estimation and information security services, need new risk managers more than ever.
Back to top