Best Risk Management MOOCs and Free Online Courses

Interested in learning Risk Management? We have selected 10 free online courses and MOOCs for you. Enroll today and earn a certificate.

Best Risk Management MOOCs and Free Online Courses

Here are learner favorites you may want to tap into to master Risk Management.

1. Financial Engineering and Risk Management – Columbia University

This course provides an introduction to various classes of derivative securities and how to price them using “risk-neutral pricing.” The follow-up to this course (FE & RM Part II) considers portfolio optimization, risk management and more advanced examples of derivatives pricing.

Part two of this course follows on from FE & RM Part I. It considers portfolio optimization, risk management and some advanced examples of derivatives pricing that draw from structured credit, real options and energy derivatives. It also casts a critical eye on how financial models are used in practice.

Course details

  • Institution: Columbia University
  • Number of students enrolled: 390K+
  • Rating: 4.6
  • Duration: 2 x 16 hours, self-paced
  • Level : Beginner, intermediate
  • Language: English

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2. An Introduction to Credit Risk Management – Delft University of Technology

This course offers you an introduction to credit risk modelling and hedging. We will approach credit risk from the point of view of banks, but most of the tools and models we will overview can be beneficial at the corporate level as well.

At the end of the course, you will be able to understand and correctly use the basic tools of credit risk management, both from a theoretical and, most of all, a practical point of view. This will be a quite unconventional course. For each methodology, we will analyse its strengths as well as its weaknesses. We will do this in a rigorous way, but also with fun: there is no need to be boring.

Course details

  • Institution: Delft University of Technology
  • Number of students enrolled: 52,268+
  • Rating: 4.64
  • Duration: 7 weeks, self-paced
  • Level : Beginner
  • Language: English

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3. Portfolio and Risk Management – Université de Genève

In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios.

You will start by studying how imperfect correlation between assets leads to diversified and optimal portfolios as well as the consequences in terms of asset pricing. Then, you will learn how to shape an investor’s profile and build an adequate portfolio by combining strategic and tactical asset allocations. Finally, you will have a more in-depth look at risk: its different facets and the appropriate tools and techniques to measure it, manage it and hedge it.

Course details

  • Institution: Université de Genève
  • Number of students enrolled: 35K+
  • Rating: 4.7
  • Duration: 8 hours, self-paced
  • Level : Beginner, Intermediate
  • Language: English

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4. Cybersecurity Risk Management – Rochester Institute of Technology

Cybersecurity risk management guides a growing number of IT decisions. Cybersecurity risks continue to have critical impacts on overall IT risk modeling, assessment and mitigation.

In this course, you will learn about the general information security risk management framework and its practices and how to identify and model information security risks and apply both qualitative and quantitative risk assessment methods. Understanding this framework will enable you to articulate the business consequences of identified information security risks. These skills are essential for any successful information security professional.

The goal of this course is to teach students the risk management framework with both qualitative and quantitative assessment methods that concentrate on the information security (IS) aspect of IT risks. The relationship between the IT risk and business value will be discussed through several industry case studies.
Course details

  • Institution: Rochester Institute of Technology
  • Number of students enrolled: 34K+
  • Rating: 4.5
  • Duration: 8 weeks, 2 to 3 hours per week
  • Level : Advanced
  • Language: English

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5. Risk management for Projects – The University of Adelaide

In the Risk Management for Projects course, you will learn the fundamentals of risk management, as well as how to apply a risk management process in a project-based setting. Risk management is an iterative process and you will learn how adopting key procedures can help you maximize opportunities and minimize negative impact on your project objectives.

In this course, you will further upskill through the application of the risk management canvas, which is a framework that enables you to manage risk within your own environment. It will immerse you in the concepts of risk management and help you to apply the key processes.

Practical activities through the course will allow you to apply the knowledge you learn as each week focuses on a key stage of the risk management process. The theories and practices taught in the course can easily be applied to any project, organization or business environment.

In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios.

You will start by studying how imperfect correlation between assets leads to diversified and optimal portfolios as well as the consequences in terms of asset pricing. Then, you will learn how to shape an investor’s profile and build an adequate portfolio by combining strategic and tactical asset allocations. Finally, you will have a more in-depth look at risk: its different facets and the appropriate tools and techniques to measure it, manage it and hedge it.

Course details

  • Institution: The University of Adelaide
  • Number of students enrolled: 22K+
  • Rating: 4.7
  • Duration: 5 weeks
  • Level : Beginner
  • Language: English

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