Imagine you are approached by a global company that wants to build a manufacturing plant in a new market. There is a major influx of cash into the region, and the company could earn millions while providing much-needed jobs. However, a nearby political group is growing volatile, and a new report warns that a natural disaster may hit the area. Would you recommend the company move forward? How much risk is acceptable — and how confident are you in your decision?
If this scenario intrigues you, you might be a great fit for global risk management. It is an arena where data brings order to an unpredictable world.
“If you want to make the world a better place, you have to learn how to anticipate the consequences of specific actions or reactions, how to build scenarios out of seemingly unconnected events, and how to recognize which pathways for development are more likely than others,” explained Erik Jones, a professor of European studies and international political economy who teaches in the Master of Arts in Global Risk (online) at Johns Hopkins University.
What Do Global Risk Managers Do?
Global risk managers monitor, analyze, and mitigate risk for organizations whose business crosses domestic and international borders. These managers must be able to anticipate challenges before they become crises.
What Do You Need To Enter The Global Risk Field?
If you have a data mindset, enjoy problem-solving, and are interested in international affairs, you’re on the right track. Here are other skills you’ll need:
- Static and quantitative modeling
- Statistical analysis and calculus
- Analytical decision-making
- Data visualization
- Persuasive communication
- Research and information-gathering
- An understanding of geopolitics
If you are missing some of the skills above, there is a solution: a well-designed global risk degree program can bridge your knowledge gaps.
Johns Hopkins University’s part-time Master of Arts in Global Risk (online) takes just 18 to 21 months to complete. This multidisciplinary program helps professionals develop the skills to make forward-looking decisions that contribute to risk management. Applicants are viewed holistically; no GRE or GMAT scores are required.
“The most important qualities for someone to succeed in our program are adaptability to new and quickly changing situations, as well as critical analytical and rational thinking skills,” explained Matthias Matthijs, associate professor of international political economy at Johns Hopkins University.
To find out how you can get started, download a program brochure to learn more.