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INFORMATION TECHNOLOGY CAREER GUIDES

Risk Manager Career

OVERVIEW

What Is a Risk Manager?


 

A risk manager is an individual familiar with risk management protocols. They help protect company data, analytics, files, and other sensitive information stored online. As a risk manager, you help to mitigate any potential threats to an organization’s digital content. In collaboration with IT technicians and other company representatives, risk managers optimize a company’s programs to provide optimal data protection.

The role of a risk manager is one of several careers that require a master’s degree in cybersecurity. In addition, risk managers typically need a few years of experience in the cybersecurity field, and sometimes need to obtain a few IT certifications.

RESPONSIBILITIES

What Does a Risk Manager Do?

Risk managers perform a wide variety of tasks. Whether implementing data protection policies or updating an organization’s online safety protocols, risk managers work hard to keep a company’s data safe.

The responsibilities of a risk manager can include:

  • Implementing data protection policies that keep all of an organization's data safe and protect against potential cybersecurity breaches.
  • Researching the latest developments in IT and data privacy.
  • Optimizing a company’s online platforms regularly, to keep all programs safe as cybersecurity threats evolve.
  • Teaching company representatives how they can take steps to protect their data.
  • Monitoring the efficiency of existing data protection protocols.
  • Auditing a company’s cybersecurity structures to ensure that they offer sufficient protection for a company’s data.
  • Providing user-friendly risk management reports to executives and other interested company representatives.

EDUCATION & BEST DEGREES

What Education Does a Risk Manager Need?

Before you can begin a career as a risk manager, you’ll need to complete a few educational requirements. First, you’ll need to obtain a bachelor’s degree in cybersecurity and information assurance, or in a closely-related field.

This undergraduate degree program helps you develop a familiarity with cybersecurity practices including web development, network security, and data management. These and other learned IT fundamentals transition well into a risk management career.

Risk managers also benefit from a master’s degree in cybersecurity and information assurance. You’ll further develop your understanding of information security and secure network design as you complete all academic requirements for a risk management career.

Best Degrees for a Risk Manager:

Cybersecurity and Information Assurance – B.S.

Protect your career and earning potential with this degree....

Protect your career and earning potential with this degree.

  • Time: 70% of graduates finish within 21 months.
  • Tuition: $4,265 per 6-month term.
  • Courses: 34 total courses in this program.

Some careers and jobs this degree will prepare you for:

  • Cyber crimes investigator
  • Director of cybersecurity
  • Chief of cyber counterintelligence
  • Cybersecurity engineer
  • Cyber operations planner

Certifications included in this program at no extra cost include:

  • Certified Cloud Security Professional (CCSP) - Associate of (ISC)2 designation
  • Systems Security Certified Practitioner (SSCP) - Associate of (ISC)2 designation
  • ITIL® Foundation Certification
  • CompTIA A+
  • CompTIA Cybersecurity Analyst Certification (CySA+)
  • CompTIA IT Operations Specialist
  • CompTIA Network+
  • CompTIA Network Vulnerability Assessment Professional
  • CompTIA Network Security Professional
  • CompTIA PenTest+
  • CompTIA Project+
  • CompTIA Secure Infrastructure Specialist
  • CompTIA Security+
  • CompTIA Security Analytics Professional

Cybersecurity & Information Assurance – M.S.

Become the authority on keeping infrastructures and information safe....

Become the authority on keeping infrastructures and information safe.

  • Time: 70% of graduates finish within 22 months.
  • Tuition: $4,555 per 6-month term.
  • Courses: 9 total courses in this program.

Certifications in this program at no additional cost include:

  • CompTIA Cybersecurity Analyst (CySA+)
  • CompTIA PenTest+
  • CompTIA Advanced Security Practitioner (CASP+) Optional Voucher
  • ISACA Certified Information Security Manager (CISM) Optional Voucher
  • (ISC)² Certified in Cybersecurity (CC)

The curriculum is closely aligned with the National Initiative for Cybersecurity Education (NICE) Workforce Framework. The program was designed in collaboration with national intelligence organizations and IT industry leaders, ensuring you'll learn emerging technologies and best practices in security governance.

How Much Does a Risk Manager Make?

$93,515

The exact income of a risk manager can vary based on several factors, including your employer, employer’s location, years of experience, education, and obtained certifications. On average, the salary of a risk manager is $93,515, with a range of roughly $62,000 to $138,000 earned each year.

What Is the Projected Job Growth?

33%

Risk managers are expected to experience a favorable job outlook over the next decade. Employment for all information security analysts is expected to grow 33% from 2020 to 2030, a growth rate well above the average across all occupations. Risk managers should find themselves busy for years to come as the demand for IT analysts continues to grow. Increases in cybersecurity threats are causing many businesses to evaluate their own data security needs before hiring independent or internal risk management staff.

SKILLS

What Skills Does a Risk Manager Need?

Between auditing company platforms and implementing cybersecurity protocols, risk managers need a variety of IT skills. Used well, the IT skill set of a risk manager can help secure an organization’s data.

The individual skills that a risk manager needs can include:

  • Risk assessment. The ability to review a company’s online platforms, programs, databases, web applications, and cloud-based applications to identify and eliminate any potential data security concerns.
  • Auditing. The ability to review an organization’s current data protection measures, helping them identify opportunities to keep their information even more secure.
  • Cybersecurity. The ability to implement proven IT strategies that mitigate potential risks to a company’s sensitive information.
  • Technological proficiency. The ability to operate all devices, online platforms, databases, and cloud services required in a risk management position.
  • Interpersonal communication. The ability to correspond effectively with all IT department staff members and company representatives.
  • Problem-solving. The ability to troubleshoot and overcome any potential issues that a company’s platforms might face.
  • Data analysis. The ability to collect and assess a company’s data sets to identify trends that can improve a company’s operations.

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No need to wait for spring or fall semester. It's back-to-school time at WGU year-round. Get started by talking to an Enrollment Counselor today, and you'll be on your way to realizing your dream of a bachelor's or master's degree—sooner than you might think!

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