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  1. Careers With a Master’s in Global Risk

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    A man with a white shirt and a tie sitting on a bench researching careers with an MS in Global RiskRisks take many forms, and global connections in geopolitics, economics, ecology, and health mean that the consequences of a single event often reverberate on multiple continents. Each year, new political, economic, and environmental threats emerge with implications that can be felt around the world:

    • Global Peace Index 2024: The latest report shows a widening gap between the most and least peaceful countries. Conflicts in Ukraine and Gaza drove a sharp decline in global peacefulness, with Ukraine accounting for over half of 2023’s 162,000 conflict-related deaths1.
    • Cybersecurity Threats: A key software provider for auto dealerships, CDK Global, was hit by a BlackSuit ransomware attack in June 2024. The attack disrupted 15,000 dealerships and reportedly involved a $25 million ransom to restore operations2.
    • Environmental Hazards: The January 2025 Los Angeles wildfires led to a significant increase in atmospheric lead levels3, with lead concentrations peaking at approximately 110 times higher than pre-fire levels, due to the combustion of older structures containing lead-based materials.

    Professionals working in global risk management careers address the urgent problems that emerge from complicated relationships by applying a mix of analytical, strategic, and decision-making tools. Government agencies, corporations, and international and nongovernmental organizations (NGOs) are driving the growing demand for experts who understand how geopolitical, economic, and environmental risks are deeply intertwined. A Master of Arts in Global Risk prepares students for leadership roles in risk analysis, strategic planning, and global threat mitigation.

    How Is the Global Risk Management Industry Outlook Changing?

    The growth within the risk management sector can be seen in increases in individual roles as well as in the investments being made by businesses worldwide. The U.S. Bureau of Labor Statistics projects much higher than average growth for many positions in which risk management is a core duty, including financial managers4 (17% growth through 2033), operations research analysts5 (23%), and management analysts6 (11%). Furthermore, the global risk management market is projected at $13.78 billion in 2025 and expected to reach $21.62 billion by 20297, growing at an 11.9% compound annual growth rate.

    Increased globalization and the recognition of the impact of ‘creeping risks’ such as climate change is creating more awareness of the need for risk governance. However, many national and international institutions struggle to identify effective mechanisms and frameworks for this purpose. They are looking for examples to help them take an ‘all hazards’ view of potential sources of risk—including natural disasters, major accidents, terrorism, and events such as pandemics.

    Marsh & McLennan Insights

    What Jobs Can You Get With a Master’s in Global Risk Management?

    As global supply chains, digital infrastructure, and international relations become more deeply interwoven, professionals who are trained to assess and respond to risk are essential. A wide range of risk management careers bridge data analysis with public policy, so it can be crucial for professions to become experts in both technical and strategic domains.

    Salary Estimates for Global Risk Management Careers
    Risk Management Careers Average Salary
    Risk Manager/Analyst $129,891
    Director of Risk Management $183,758
    Business Management Analyst $86,358
    Global Risk Consultant $110,156
    Financial Consultant $172,126
    Financial Manager $140,700

    Note: Salary information has been gathered from job market analytics sites including Salary.com, ZipRecruiter, and GlassDoor.

    Risk Manager/Analyst

    Average Salary: $129,891
    Risk analysts examine and assess threats in an effort to minimize the negative outcomes for an organization’s strategic planning or internal operations. The array of responsibilities involved can vary a great deal based on the organizations where these professionals work. While financial risk managers strive to prevent losses due to factors like credit risk or changing market conditions, professionals in other industries focus on making recommendations to eliminate hazards or waste in processes such as manufacturing and shipping.

    Today’s global economy frequently requires risk managers to account for the ways that policy changes or upheaval can interfere with an organization’s objectives. In monitoring the Russian invasion of Ukraine, for example, professionals must grapple with the burden the conflict contributed to the already-hampered global supply chain and make recommendations for companies trying to move goods around the world. Analyzing relevant data, these specialists advise organizations on how to function relatively efficiently even under difficult circumstances.

    Director of Risk Management

    Average Salary: $183,758
    A director of risk management develops and manages environmental remediation projects and programs to mitigate financial, operational, and compliance threats. In this role, professionals take the lead in standardizing emergency responses, coordinating the removal of hazardous materials and waste, and optimizing business strategies to protect the organization’s value.

    These professionals must also create and modify company-wide policies and investigate any occurrences that may result in asset loss. An extensive understanding of liability and compliance law is vital to a successful career as a director of risk management.

    Business Management Analyst

    Average Salary: $86,358
    Business management analysts help organizations streamline operations and adapt to evolving risks. By assessing data and business processes, they identify opportunities for cost savings or performance improvement. These professionals often work cross-functionally to support change management and business continuity, key areas in a global risk environment.

    Global Risk Consultant

    Average Salary: $110,156
    Global risk consultants evaluate financial, regulatory, geopolitical, or environmental threats for firms who do business internationally. These consultants use their analytical skills and geopolitical expertise to identify high-impact risks, develop risk mitigation strategies, and ensure regulatory compliance across jurisdictions. In addition to supporting the traditional strategies of multinational organizations, global risk consultants also help their clients to stay agile in our volatile global economy.

    Financial Consultant

    Average Salary: $172,126
    Every company wants to ensure that they are making the best investment decisions possible, and many turn to financial consultants to advise them. Financial consultants work with clients at investment firms or financial services organizations to monitor their financial health, provide forecasts on their fiscal year, and create and implement long-term financial strategies to boost profits.

    A career in financial consulting allows professionals to work for themselves, set their own schedule, and take control of who they work with and what industry they work in. Because of the freelance nature of this career, strong marketing and interpersonal skills are a must to effectively attract and build relationships with clients that last. Using these particular skills to build trust is especially important now as the global markets respond to pandemic recovery, inflation and a contentious war in Europe.

    Financial Manager

    Average Salary: $140,700
    Financial managers are in charge of preparing financial statements and forecasts, monitoring organizational budgets, and finding ways to reduce costs. These professionals also analyze market trends to advise senior managers on how to maximize profits. To become a successful financial manager, professionals must understand how to lead a team and make company-wide financial decisions.

    According to the U.S. Bureau of Labor Statistics, the job outlook for financial managers is expected to grow 9% from 2021 to 2031. Not surprisingly, over a third of these jobs are in the finance sector and include workplaces such as banks, investment firms, and insurance companies. With inflation on the rise, the forecasts these professionals create and their ability to reduce costs becomes paramount.

    Top Global Risk Management Skills

    Global risk jobs each have unique demands, but certain skills are needed across a wide swathe of roles and industries. These are some areas of professional development to focus on:

    Quantitative Analysis

    Risk management professionals need a firm grounding in statistical analysis and calculus principles. The ability to use math to examine large, complex data sets is key to understanding international relationships. Global risk professionals must also effectively use software tools to manage, interpret, and visualize their quantitative findings.

    Modeling and Scenario Planning

    Robust models enable risk professionals to project future events and guide strategy, even when political, technological, social, and environmental factors can complicate things. This quantitative approach involves determining probabilities of various outcomes using the most up-to-date data, estimating the relative costs and benefits, and determining values for a range of contingencies.

    Problem Solving

    Risk management is about proactive problem-solving. As such, global risk professionals need to apply the lessons from past successes as well as failures. By formulating creative solutions, they can make recommendations that help organizations move forward while minimizing losses.

    Decision Making Under Uncertainty

    Every choice made by an organization requires a cost-benefit analysis. Ideally, an organization’s analysis will be supported by extensive data, rigorous models, and a global perspective. Risk professionals help leaders calculate the best ways to succeed in a marketplace that relies on international financial systems and can be disrupted at any time by emerging crises.

    Research and Intelligence Gathering

    While quantitative research is the basis for populating databases and creating models, qualitative research can reveal the broader relevance of those findings. Methodical information-gathering allows professionals to deepen their understanding of the complex interactions involved in global risk and understand the limitations of their predictive models.

    Communication and Influence

    To turn statistical analysis into action, technical thinkers need to be able to convey what they have discovered to diverse stakeholders. Persuasive written and verbal communication is a major advantage for getting important ideas through to multiple audiences. Global risk managers can become vital to decision-making processes by presenting clear takeaways and compelling visual data.

    Global risk management careers give skilled quantitative problem-solvers the chance to make invaluable contributions to organizations navigating the intricacies of geopolitics. Completing an MA in Global Risk equips professionals with the tools and techniques to perceive the massive consequences of political and economic events and lead informed decision-making. As more organizations see the necessity of planning for catastrophic dangers, from cyberattacks to pandemics, the role of global risk managers is becoming increasingly essential to set the strategies that make it possible to thrive on the world stage.

    About the Master of Arts in Global Risk (online)

    In the Johns Hopkins School of Advanced International Studies (SAIS) MA in Global Risk (online) program, students gain a thorough grounding in quantitative and qualitative risk management tools, modeling, and decision-making frameworks. Our cutting-edge curriculum focuses on the specialized knowledge and research skills to analyze complex situations, mitigate dangers, and take on leadership roles.

    Featuring a faculty of groundbreaking researchers and experienced leaders, the Johns Hopkins SAIS offers a supportive environment that encourages collaboration and ongoing improvement. Our students participate in two in-person residencies and have opportunities to expand their professional networks. Johns Hopkins University is ranked #6 for best national university and #13 best global university, according to U.S. News & World Report and was named one of the best schools for international relations by Foreign Policy Magazine.

    Disclaimer: This content has not been peer reviewed and is for informational purposes only.

    Sources

    All sources retrieved May 2025

    1. Vision of Humanity – 2024 Global Peace Index
    2. CyberScoop – Wallets tied to CDK ransom group received $25 million two days after attack
    3. CDC MMWR – Elevated Atmospheric Lead Levels During the Los Angeles Urban Fires — California, January 2025
    4. U.S. Bureau of Labor Statistics – Financial Managers
    5. U.S. Bureau of Labor Statistics – Operations Research Analysts
    6. U.S. Bureau of Labor Statistics – Management Analysts
    7. Research and Markets – Risk Management Market Report 2025

  2. 5 Key Types of Global Risk

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    the world globe sitting on a desk next to a windowRisk is an ever-present fact of life that underpins each decision we make. On an international scale, how organizations and nations plan for and respond to uncertain scenarios can affect the well-being of entire populations. For example, when Turkey and Syria were struck by catastrophic earthquakes in 2023, the event resulted in the loss of over 50,000 lives. Following this tragedy, destruction of critical infrastructure also led to the disruption of regional economies and various industries. The widespread impact on housing, transportation, and other essential services highlighted the vulnerability of the affected regions and the need for more robust disaster preparedness.

    It is vital to understand the wide variety of factors that can disrupt governments, spread diseases, impede crisis management and recovery, or limit the availability of resources. In addition to natural disasters, political instability is a prominent concern for business leaders. As Ernst & Young analysts noted, uncertainty surrounding the 2024 US presidential election cycle may yet again disrupt foreign asset markets, causing widespread economic anxiety.

    Graduates from a Master of Arts in Global Risk program understand how to analyze threats like these with quantitative and qualitative techniques, as well as how different types of risk interact and combine on a global and regional scale. By developing rigorous models and evaluating their findings alongside insights from qualitative research and in-depth knowledge of specific regions, risk management professionals can inform and guide decision-making with both a nuanced and a big-picture perspective.

    Global risk experts spend their careers addressing complex situations with worldwide implications for institutions and livelihoods. In this article, we’ll explore five of the most important forms of risk that these professionals will confront.

    Key Types of Global Risk
    Geopolitical Risk Focuses on the opportunities and tensions that emerge from relationships among states. Conflicts, diplomatic outreach, and internal strife all have broad implications for the international community and global organizations.
    Economic Risk Encompasses a variety of issues in financial and monetary systems that have the potential to affect trade, manufacturing and supply chains, bond investments, exchange rates, private sector growth, regulations, and global politics.
    Environmental Risk Includes dangers to human health, plant and animal life, and natural resources. These considerations are vital for regulatory compliance, corporate policy, and climate change mitigation.
    Societal Risk Takes an expansive perspective on the wide-ranging and long-term effects of catastrophic events like infrastructure collapse, natural disasters, and industrial accidents.
    Technological Risk Considers the consequences that may result from the complexities of adopting new systems, technical failures, compromised data, mismanagement of resources, and cyberattacks.

    Geopolitical Risk

    Good relationships between nations are crucial for communication and collaboration in response to shared challenges. Local government agencies, businesses, and nonprofits must also stay alert to the risks stemming from both international conflict and economic competition. Critical issues such as border security, human rights, intellectual property, public health, international terrorism and nuclear proliferation can all lead to conflicts that pose serious challenges for organizations and their suppliers.

    Experts around the globe are concerned about the geopolitical risks posed by insufficient multilateral cooperation as well as internal conflict within states. A clear example of how poor international cooperation can create geopolitical risk is the weaponization of economic policy: by leveraging economic tools such as sanctions, tariffs, and trade restrictions, nations may pursue geopolitical goals that come at the cost of global stability. For instance, US tariffs on China have exacerbated international tensions and contributed to widespread economic disruption as well as trade diversion.

    Global risk students, scholars, and professionals must be able to draw on a range of research and analysis tools to successfully assess and address the complexity of these risks. For example, the work of researchers like Matthias Matthijs, director of the MA in Global Risk (online) program at the Johns Hopkins University School of Advanced International Studies (SAIS), uncovers how these geopolitical divisions shape the management of current and future issues.

    Matthijs studies the impact of international relationships on resilience and the factors that determine whether nations recover quickly from crises or become overwhelmed by their challenges. For example, he has examined how political and economic disruptions impact regional and global stability, focusing on the impact of Brexit on the United Kingdom as well as the economic leadership role both the United States and Germany played during the global financial crisis of 2008-9 and the euro crisis that lasted between 2010 and 2015.

    Matthijs’ research highlights the complex challenges that European integration, economic crises, and contentious domestic politics pose to advanced industrialized nations, including the strength of their democratic systems. Geopolitical risk experts like Matthijs are in a position to observe, analyze, and propose solutions for the issues that face nation states as they seek to maintain societal cohesion amidst economic, financial and political turmoil.

    Economic Risk

    Every organization — whether public, private, or nonprofit — functions within a broader economic context and must anticipate financial, trade or monetary conditions that could impact their work. These changes can include shifts in exchange rates, new regulations, protectionism, debt crises, and political unrest. Through quantitative modeling and analysis, organizations seek to evaluate the security of their investments and plan for future volatility.

    Risk professionals examine a variety of metrics to see how different ventures could be influenced by macroeconomic factors in a nation or trading bloc. For example, a sovereign credit rating estimates how likely a country is to default on its national debt. That rating accounts for a range of indicators, including per capita income, gross domestic product expansion rates, annual inflation, and the national deficit.

    However, it’s important not to limit analysis to traditional economic models, which can miss crucial qualitative factors like private sector performance, changing public policy, and resulting strategy. For example, the ongoing property sector crisis in China began in earnest when a major company went into default. A comprehensive risk analysis includes examining the performance, debts, and mitigation strategies of private sector companies on top of various circumstances that can lead to economic crisis.

    Economic interactions among nations present a wide range of business challenges. In addition to perennial threats such as debt crises, fluctuating exchange rates, and regulatory shifts, new concerns continue to emerge. For instance, supply chain disruptions, which often cause manufacturing delays and lead to increased costs, have become increasingly common.

    Furthermore, when international challenges combine or intersect, they create widespread problems with cascading effects. A national debt crisis in a key supplier country, for example, might slow or halt production, resulting in shortages and supply chain disruptions that have global consequences.

    These vulnerabilities underscore the need for robust risk management strategies. By closely monitoring economic indicators, including sovereign credit ratings and GDP growth, organizations can predict potential disruptions. They can then mitigate these risks by developing contingency plans, diversifying their supply bases, and building more resilient systems to ensure operational stability.

    Environmental Risk

    Environmental dangers are another focal point for global experts. Human activity such as industrial activity, transportation, mining, agriculture and land development can lead to negative outcomes such as public health threats, resource depletion, and destruction of essential habitats. By analyzing these situations, risk professionals can help both business and government entities meet existing regulations and recommend more sustainable strategies and policies.

    For instance, risk managers may closely examine the chemical hazards associated with an industrial site or process. When poorly managed, chemical dangers can have serious implications for the safety of on-site workers, nearby residents, and local wildlife. The United States Environmental Protection Agency (EPA) assesses these environmental risks based on metrics such as:

    • Chemical contaminants expected to be found in the air, water, or soil
    • The level of toxicity of each chemical
    • How much exposure humans or animals will have to these contaminants

    In addition to addressing current hazards, knowledge of environmental risk also helps organizations plan for the future. As nations around the world take steps to combat climate change and invest in renewable energy, an understanding of environmental risk enables businesses and government agencies to develop long-term strategies that bolster resilience, mitigate dangers, and uphold their commitment to global citizenship. Beyond the ethical and practical benefits, adopting practices that are friendlier to the environment can also offer immediate financial advantages through government subsidies or increased brand appeal to eco-conscious consumers.

    To facilitate this strategic effort, risk professionals will apply their skills in analysis, modeling, and research. Close collaboration with environmental science experts and business leaders can also provide valuable insight into how manufacturing processes and supply chains contribute to carbon emissions or plastic waste.

    Societal Risk

    A singular event such as an industrial accident or natural disaster can endanger a whole community, leading to loss of life, property damage, and interruptions to essential services. Considering these catastrophes through a lens of societal risk allows experts to identify the systemic factors that influence disaster response.

    The societal risk model plays an essential role in decisions about emergency preparedness and response in complex areas such as public health. Methods like risk modeling and life cycle analysis can inform the measures taken to mitigate system collapse, while analyzing broader contextual information refines those assessments and makes response strategies more effective.

    Consider the structural failures in the United States healthcare system that were exposed by the COVID-19 pandemic. A geopolitical risk expert might focus on the disjointed government response to the pandemic as a reason for these failures, while an expert using a societal risk perspective would holistically examine the entire healthcare system, evaluate the probability of future public health emergencies, and contemplate specific adjustments to operations and personnel that could prevent poor responses going forward.

    Assessing the probability of catastrophes and anticipating their consequences equips systems to heighten resilience and take proactive steps to mitigate risk. Relevant information might be used to develop more robust emergency procedures, form collaborative crisis response teams with other organizations, earmark funds for repair costs, or inform the public about emergency preparedness.

    Technological Risk

    Digital technology has become integrated with every aspect of life, especially within the realm of international business and politics. As a result, system failure concerns due to technical glitches or cyberattacks are ever-present for corporations, financial institutions, and government agencies. When major organizations fall prey to a data breach, ransomware attack, or phishing scam, the economic consequences can be disastrous, such as when a recent ransomware attack on Change Healthcare caused severe disruptions for providers across the nation. Managing this incident has cost UnitedHealth over $2 billion so far.

    Technological risk incidents can also have national or international repercussions. The theft of over 34 million Indonesian citizen’s passport records, for instance, compromised both the Indonesian Immigration Directorate General as well as citizen privacy.

    On top of impacts to operations, finances, and brand reputation, failure to protect confidential information or to respond appropriately to a beach can also expose organizations to legal problems such as civil lawsuits and government fines. In some cases, this negligence could even lead to criminal charges.

    Given the frequency of cyberattacks and their potential for severe consequences, it’s more critical than ever for organizations to mitigate their vulnerability to these events. In this context, risk management has become essential.

    While information technology is a specialized field, risk management professionals do not need to be IT experts to help prevent and handle cyberattacks, system failures, and similar events. Risk managers typically collaborate with IT professionals and leverage their technical expertise to develop a unified contingency plan. These plans can be intricate due to the numerous technical issues they involve. For instance, McKinsey identifies several sub-disciplines that underwrite information technology risk management strategies:

    • Information and cybersecurity
    • Resilience and disaster recovery
    • Vendor and third-party management
    • Project and change management
    • Architecture, development, and testing
    • Data quality and governance
    • IT compliance

    In addition to IT and cybersecurity experts, risk managers may collaborate with corporate leaders, communications teams, and other relevant professionals to develop a multifaceted preparation approach.

    Managing a World of Risk

    In our interconnected world, businesses rely on supply chains and labor forces spread across multiple continents, while governments must cooperate to address dangers like violent conflicts and climate change. This is why it’s crucial for risk management professionals to nurture a global, multi-faceted perspective as they analyze our most urgent challenges and promising opportunities.

    By discovering data-driven insights, implementing powerful decision-making frameworks, and considering the complexities of globalized interdependencies, experts can guide strategic planning even under highly uncertain conditions. An MA in Global Risk offers the specialized knowledge and quantitative skills necessary to make sense of the geopolitical, economic, environmental, societal, and technological threats that will shape our world’s future.

    About the Master of Arts in Global Risk (online)

    In the Johns Hopkins School of Advanced International Studies (SAIS) MA in Global Risk (online) program, students gain a thorough grounding in quantitative and qualitative risk management tools, modeling, and decision-making frameworks. Our cutting-edge curriculum focuses on the specialized knowledge and research skills to analyze complex situations, mitigate dangers, and take on leadership roles.

    Featuring a faculty of groundbreaking researchers and experienced leaders, the Johns Hopkins SAIS offers a supportive environment that encourages collaboration and ongoing improvement. Our students participate in two in-person residencies and have opportunities to expand their professional networks. Johns Hopkins University is ranked #6 for best national university and #13 best global university, according to the U.S. News & World Report and was named one of the best schools for international relations by Foreign Policy Magazine.

    Disclaimer: This content has not been peer reviewed and is for informational purposes only.

  3. Master’s in Global Risk vs. Master’s in International Relations

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    a small figurine with a briefcase and a trench coat sitting on a mapA resident of a small town notices a change in their grocery bill. This new cost is the result of an unexpected weather event, a conflict at a border, and decisions made at a corporate headquarters thousands of miles away. That same resident marks a ballot that contributes to a candidate’s win. The new leader’s decisions will ripple back through this complex web of global interactions, potentially influencing everything from international trade policies to foreign aid — and even the very grocery prices that first signaled a change.

    This interplay of local actions and global reactions highlights the interconnectedness of the modern world, a dynamic that lies at the heart of studies in global risk and international relations.

    From individuals to organizations to nations, we are all affected by shifting alliances, economic fluctuations, cultural exchanges, and technological leaps. For some, this is daunting. For others, it’s thrilling to track these movements. And for a dedicated few, following along is not enough. These budding leaders want to have a real impact on how world events unfold.

    “Working in global risk is really rewarding for those who enjoy keeping up with the news, as staying informed becomes an integral part of your job,” said Matthias Matthijs, associate professor of international political economy at Johns Hopkins University’s School of Advanced International Studies (SAIS).

    “Sometimes I catch myself engrossed in reading about Europe or China or similar topics and then it strikes me: this is my job,” said Professor Matthijs, who is director of the school’s Master of Arts in Global Risk. “Staying informed and being aware isn’t just beneficial, it’s a necessity in this fast-paced field.”

    There are a growing number of roles that call for strategic thinkers with a deep knowledge of world affairs. These professionals are adept at using data and analytical tools to make informed decisions about the future of an organization.

    To get into these careers, many people consider pursuing a master’s degree. Two popular options are a master’s in global risk and a master’s in international relations. Both degrees are gateways to making an impact on global affairs. However, they offer distinct curricula that lead to different career goals.

    A degree in global risk focuses on predicting events on the world stage and developing strategic responses. By contrast, a degree in international relations examines the complex political, economic, and cultural relations between countries. If you’re curious about the further distinctions between these programs and the career paths they lead to, this article offers a more detailed comparison.

    A Globalized World Needs Global Risk Management

    Organizations rely on experts who are capable of managing complex interregional relationships and understanding risks that stretch across continents and national boundaries — all while proactively addressing challenges before they turn into crises.

    “The geopolitical climate has changed so much in the past decade that it’s spurred companies to bring on people who can anticipate these changes and project how they might impact their clients or business operations,” said Matthijs. “For example, nearly every major bank in New York City has recently established a dedicated geopolitical risk shop and is actively hiring.”

    Master’s in International Relations Master’s in Global Risk
    Provides a wide-ranging look at the interactions among states and international organizations. Focuses on predicting, analyzing and managing risks in international relationships.
    Builds foundational skills in research and statistics Presents advanced approaches to statistical analysis and quantitative modeling.
    Applies multidisciplinary insights from the social sciences and humanities. Emphasizes using data-driven methods to understand and address challenges.
    Equips professionals for roles in policy making, consultancy and negotiation. Prepares students to lead risk management in a variety of international organizations.

    These graduate degrees equip students to work on the forefront of decision making in a rapidly changing, hyper connected world. However, a key distinction lies in their focus.

    A global risk program — as the name implies — is centered on risk. Those who study it want to understand global uncertainties and help organizations prepare for the unknown.

    International relations programs, on the other hand, offer a wider perspective. They examine the economics, politics, and history that shape the interactions between world regions.

    Let’s look closer at each master’s degree.

    What is a Master’s in Global Risk?

    A master’s in global risk is a specialized degree program that provides in-depth expertise in analyzing, predicting, and managing uncertainty in an ever-changing, interconnected world.

    How Risk Management Became Essential in an Interconnected World

    Risk management as a distinct field traces back to the post-World War II era. Researchers and firms responded to a dramatically shifting world by establishing rigorous methods to analyze, evaluate, and mitigate events that could negatively impact markets and organizations.

    Over the decades, risk managers have added value to organizations by identifying areas of vulnerability and responding with systematic processes. Global risk emerged as a distinctive area of study because events like the financial crisis of 2007–8 revealed how important it was to account for the highly interconnected nature of our international economic, business, social, and political systems.

    Today, specialists in global risk garner multidisciplinary insights and employ analytical software tools to anticipate and investigate emerging challenges. Global risk managers may take on problems as varied as preparing a plan of action in the face of an economic shutdown, to assessing the likelihood of a cyber attack against a government agency, instituting processes for response when a natural disaster disrupts a supply chain.

    What You’ll Learn in a Global Risk Master’s Program

    Global risk curricula usually combine advanced mathematical and statistical principles with economic theories and systemic approaches to understanding risk. The coursework should cover areas such as economics and international trade, politics, international relations, and crisis management, in addition to teaching research methods and quantitative risk assessment.

    Some programs go further by allowing students to focus their learning toward a specific area or region of interest — for example, JHU SAIS students are exposed to different types of risk in four key global regions so that they can build specialized expertise. SAIS students then work on capstone projects that give them the chance to focus on one specific region and complete analyses that can be added to their resumes and professional profiles.

    A global risk graduate understands how to:

    • Apply statistical analysis to evaluate risk and uncertainty
    • Identify potential challenges before they become urgent dangers
    • Strategize relationships, resources and other factors to minimize the risk of a hazardous situations
    • Model risks, predict outcomes, and determine the appropriate response
    • Limit the consequences of dangers such as natural disasters, cyberattacks or viral outbreaks
    • Establish decision-making frameworks for dynamic situations such as international conflict and popular protests
    • Find connections between seemingly unrelated events using quantitative techniques
    • Develop recommendations for future development and communicate these ideas persuasively

    Careers in Global Risk

    Global risk careers tackle the world’s most pressing challenges, from political instability to climate change and beyond. They require advanced analytical skills and expertise to mitigate threats and build resilience. This is a dynamic field that offers varied opportunities for strategists, analysts, and consultants who understand how the world works and have the tools to help safeguard it.

    “Many jobs talk about ‘thinking outside the box,’ but global risk is an area that actually does it,” said Matthijs. “This is not a career for those who want routine jobs with fixed tasks and annual cycles. This is a field that is constantly changing.”

    A master’s in global risk provides students with knowledge and capabilities that are highly valuable to a variety of employers. Graduate education in this field cultivates analytical thinking and reasoning, complex problem-solving, critical thinking, and resilience, all of which rank as top career skills in 2025, according to the World Economic Forum.

    Global Risk Management Job Titles

    • Consultant
    • Risk Manager/Analyst
    • Business Management Analyst
    • Finance Consultant/Financial Manager
    • Global Risk Management Director
    • Research Analyst

    Employers are increasingly aware of the need for experts in this rapidly evolving discipline. In 2024, more than 380,000 job postings called for “global risk analysis” or “global risk management,” according to the labor data site Lightcast, while the average salary for global risk management during that time was $122,000/year.

    Settings like federal agencies, private consultancies, insurance companies, multinational firms, and market research agencies require the contributions of risk experts. By applying the latest thinking in risk management, these professionals can guide coordinated responses to an unexpected disaster like the current pandemic, advising leaders on how to institute processes for global governance and achieve sustainable growth under uncertain conditions.

    According to Alan Fusetto, director of Global Careers in the Johns Hopkins SAIS Europe, a Master of Arts in Global Risk can be a major advantage for capturing professional opportunities.

    “Analytical, writing and languages capabilities are just some of the most important tools global risk students acquire throughout the program,” said Fusetto. “These skills are instrumental in landing a job and being successful in the political and globalized risk world.”

    What is a Master’s in International Relations?

    A master’s program in international relations provides an in-depth understanding of the ways that states and other political entities—such as nongovernmental organizations (NGOs) and multinational corporations—interact with one another, encompassing trade, diplomacy, and conflict.

    Foreign Policy Decisions Need a Cross-Disciplinary Approach

    Established as a distinct field of study in the early 20th century, international relations draws on concepts from a variety of humanities and social sciences fields like political science, economics, philosophy, geography, and law.

    Experts in this discipline perform research and develop theoretical perspectives with the potential to guide crucial foreign policy decisions and maintain peace. For example, Johns Hopkins University Assistant Professor Nina Hall co-authored a study that examined how digital technologies transformed the role that NGOs play in policy making and advocacy around the world by offering powerful new means to connect with supporters and gather feedback.

    What You’ll Learn in an International Relations Master’s Program

    Because an international relations program is multidisciplinary by nature, students in these degrees take a range of courses that provide a broad skill set.

    A typical curriculum includes courses that lay a historical foundation, alongside courses that examine the current state of specific regions or groups.

    In addition, students will learn how to apply political science and economics principles to real-world international scenarios. These courses offer practical insight into global dynamics and the policy-making process.

    There may also be coursework that develops skills in leadership, communication, and negotiation.

    An international relations curriculum might cover specific topics such as:

    • Foreign policy strategies
    • Statistical analysis of market forces
    • Negotiating international agreements
    • Ethical concerns in global relationships
    • How alliances are formed and dissolved
    • Political systems in the developing world
    • Dangers presented by nuclear proliferation
    • The role of third-party mediation in defusing conflicts
    • Enforcing human rights and preventing mass violence
    • Systemic economic conditions affecting international trade
    • The development and amendment of national constitutions
    • Setting standards for energy production and environmental protections

    What Can You Do With a Master’s in International Relations?

    As a discipline that engages with issues affecting all types of organizations, an international relations education can be valuable in a wide range of positions. Through a master’s degree program, professionals gain a background in theory and research that’s useful to form worldwide connections and solve problems on a global scale.

    Graduates may progress into international relations careers in federal agencies, multinational corporations, think tanks, lobbying firms, or humanitarian nonprofits.

    International Relations Job Titles

    • Diplomat
    • Foreign Affairs Specialist
    • Foreign Service Officer
    • Intelligence Analyst
    • International Lawyer
    • International Marketing Specialist
    • Lobbyist
    • Management Consultant
    • Nonprofit Program Manager
    • Research Analyst

    In 2024, more than 61,500 job postings called for “international relations,” according to the labor data site Lightcast, while the average salary for global risk management during that time was $80,300/year. The top industries for these positions include government agencies, hospitality, college and universities, medical services and healthcare, pharmaceuticals, and consulting.

    About the Master of Arts in Global Risk (online)

    In the Johns Hopkins School of Advanced International Studies (SAIS) MA in Global Risk (online) program, students gain a thorough grounding in quantitative and qualitative risk management tools, modeling and decision-making frameworks. Our cutting-edge curriculum focuses on the specialized knowledge and research skills to analyze complex situations, mitigate dangers and take on leadership roles.

    Featuring a faculty of groundbreaking researchers and experienced leaders, the Johns Hopkins SAIS offers a supportive environment that encourages collaboration and ongoing improvement. Our students participate in two in-person residencies and have opportunities to expand their professional networks. Johns Hopkins University is ranked #6 for best national university and #13 best global university, according to U.S. News & World Report and was named one of the best schools for international relations by Foreign Policy Magazine.

    Disclaimer: This content has not been peer reviewed and is for informational purposes only.

  4. Student Testimonial: Building Quantitative Expertise To Take Her Career Further

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    With over 10 years of experience in international relations, Ashley Barlow, a current student in the Master of Arts in Global Risk (online), sought a graduate program that would allow her to expand her career prospects by developing her technical skills. In the Q&A below, Ashley highlights how the MA in Global Risk is helping her achieve her goals and is presenting her with more opportunities.

    You can also view a video where Ashley details her program experiences.

    Why did you choose the MA in Global Risk (online) program?

    The MA in Global Risk is a really flexible program. It offers working professionals the opportunity to engage in a course of study that is quite demanding and develop their intellectual capacity, while also meeting the demands of their careers.

    The program is wonderful as far as flexibility and being able to attend classes from all areas of the world. There are many people in the program that live in different countries, including Bulgaria, Germany, Japan, and South Africa. It is definitely a global cohort.

    Why did you decide to study at Johns Hopkins?

    I had become aware of risk as a field quite a few years ago, but there were limited options to formally study risk. Johns Hopkins provides a world-class education: It is a reputable institution and is very well known not only in the Washington DC area, but globally. I wanted to make sure that I was intellectually challenged, and I feel that goal is being met.

    What skills have you developed so far?

    There is a very strong quantitative aspect to the program. At first it was a little intimidating, and it’s very challenging if you don’t have a math background. But the professors have been so amazing, and they’re all working professionals. Their knowledge has allowed me to develop quantitative analysis skills in global economics, macroeconomics, and statistics, which is wonderful. It is a multidimensional and multidisciplinary program.

    What stands out the most during your time in the program?

    I’ve enjoyed the continuous collaboration between professors and students. The cohort is large — 28 people as of right now — but it feels very small and approachable. Everyone is very professional and positive, and most of all everyone is engaging. There is a lot of collaboration and group work. And there is a lot of emphasis placed on making sure that everyone understands the material, which can be quite challenging at times with the eight week courses.

    How is the MA in Global Risk helping you achieve your professional goals?

    My professional experience is centered very strongly on international relations — specifically, Russian relations. I’ve lived abroad a lot, so I really wanted to add a program that had a technical component to my resume to bridge the gap between my experience abroad so I can pursue new career opportunities and career paths.

    The mentorship component of the program is amazing and affords lots of opportunities, especially in terms of making connections with people on LinkedIn and opening up different avenues that otherwise would not be available. This has been one of the highlights of the program.

    What is your overall impression of the MA in Global Risk at JHU?

    I am very happy that I chose the online global risk program at Johns Hopkins SAIS. It has been a positive step and will afford me many opportunities in the future. The professional coaches at the career center are amazing people. They are very helpful and engaging. They always go the extra mile in terms of helping current students, whether it is formatting your resume, helping you write a cover letter, or even giving you networking opportunities and suggestions for connections on LinkedIn.

    The mentorship component of the program is amazing and affords lots of opportunities, especially in terms of making connections with people on LinkedIn and opening up different avenues that otherwise would not be available. This has been one of the highlights of the program.

    About the Master of Arts in Global Risk (online)

    In the Johns Hopkins School of Advanced International Studies (SAIS) MA in Global Risk (online) program, students gain a thorough grounding in quantitative and qualitative risk management tools, modeling, and decision-making frameworks. Our cutting-edge curriculum focuses on the specialized knowledge and research skills to analyze complex situations, mitigate dangers, and take on leadership roles.

    Featuring a faculty of groundbreaking researchers and experienced leaders, the Johns Hopkins SAIS offers a supportive environment that encourages collaboration and ongoing improvement. Our students participate in two in-person residencies and have opportunities to expand their professional networks. Johns Hopkins University is ranked #6 for best national university and #13 best global university, according to U.S. News & World Report and was named one of the best schools for international relations by Foreign Policy Magazine.

  5. JHU Launches Two Online Master’s Degrees for Global Risk and Sustainable Energy

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    WASHINGTON, DC – The Johns Hopkins University School of Advanced International Studies (SAIS) announced the launch of two online master’s degree programs. The MA in Global Risk and MA in Sustainable Energy allow students to engage with and learn from experts at the forefront of their respective fields, while also joining the professional and academic community of one of the top universities in the world.

    The programs give working professionals the opportunity to earn a distinguished degree while balancing their professional and personal lives. Both programs have been designed by Johns Hopkins SAIS faculty with feedback from industry experts and employers to ensure graduates can build and expand the career skills that are in highest demand.

    The next start date for both programs is August 31, 2020, and applications are currently open. Read below for more information about each program or click the links below to request information:

    “These degree offerings represent a new era for the school in our leadership of the practice and study of international relations,” said Filipe Campante, Johns Hopkins SAIS Vice Dean for Education and Academic Affairs. “With additional online programs under development, the school is demonstrating its capability to transition its reputable academic programs to align with areas of study that are particularly relevant to practitioners in today’s global marketplace.”

    Master of Arts in Global Risk (online)

    The discipline of risk management is more complex than ever. In the last decade, the growth of globalization, uncertainties related to trade policy and rapid advancements in technology have completely reshaped the face of the global economy. Additional challenges, such as regional differences in public policy and the sharp increase in natural disasters, have highlighted the need for risk management experts who have a global perspective and who can think about risk differently.

    The MA in Global Risk (online) is designed to help graduates solve these challenges and more readily adapt to new risks as they emerge. With a curriculum covering both the quantitative and qualitative tools of risk management, the global risk master’s program helps graduates thrive in a complex, international field.

    Through rigorous coursework, students gain in-depth knowledge in:

    • Global economics and international trade
    • Approaches and frameworks for understanding risk
    • Adapting risk management strategies in dynamic environments
    • Primary risk management challenges and opportunities in different areas of the world

    In addition to taking expertly designed online courses, students have the opportunity to get hands-on experience through two, one-of-a-kind residencies. The first is held in Bologna, Italy over one week and gives students the chance to connect with their cohorts and start the development of their capstone projects. The second, in Washington DC, provides students with the opportunity to present their capstone projects. After completing the second residency, students in the MA in Global Risk (online) program will participate in the Johns Hopkins SAIS commencement ceremony.

    “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. The Master of Arts in Global Risk will help you take advantage of the many important insights available from economics, history, and political science, in order to make sense of the world around you and to plan more effectively for the future.” Professor Erik Jones, Johns Hopkins SAIS

    Master of Arts in Sustainable Energy (online)

    As organizations and governments face the climate crisis, the demand for experts in sustainable energy who can help shape energy policy and implement sustainability initiatives continues to gain momentum globally.

    The MA in Sustainable Energy (online) equips students with the skills needed to guide organizations toward adopting sustainable energy and assess the feasibility of procuring and leveraging alternative energy sources, given economic, policy and other regional factors. Students will also build the expertise needed to consult with national government and global energy governance organizations to develop policies that incentivize sustainable energy development.

    • Provide students with advanced skills and knowledge to lead the global community to a decarbonized energy sector to help mitigate climate change.
    • Introduce students to the economics of sustainable energy sources and the financing options available in the sector.
    • Lead students to explore and understand the impact of international institutions and global governance in promoting sustainable energy and mitigating climate change.
    • Help students develop a systemic view of the various parts of sustainable energy systems and its functions.

    This program contains two in-person residencies in Washington DC. These one-of-kind experiences provide students with the opportunity to collaborate with their peers, meet industry experts and connect with the Johns Hopkins SAIS community. After the second residency, students enrolled in the MA in Sustainable Energy (online) program will participate in the Johns Hopkins SAIS commencement ceremony.

    “Climate change is the foremost challenge of our time, and this graduate degree in sustainable energy is a timely and remarkable opportunity to explore the critical role sustainable energy plays in tackling this challenge. Whether you are in the public or private sector, this degree will provide you with the foundational knowledge and analytical framework to address a wide array of issues.” – Professor John Banks, Johns Hopkins SAIS

    For more information on how to build your future in sustainable energy, visit energy.sais.jhu.edu.

    Johns Hopkins SAIS

    A division of Johns Hopkins University, the School of Advanced International Studies (SAIS) is a global institution that offers students an international perspective on today’s critical issues. For 75 years, the school has produced great leaders, thinkers, and practitioners of international relations. Public leaders and private sector executives alike seek the counsel of the faculty, whose ideas and research inform and shape policy. Johns Hopkins SAIS offers a global perspective across three campus locations: Bologna, Italy; Nanjing, China; and Washington, DC The school’s interdisciplinary curriculum is strongly rooted in the study of international economics, international relations, and regional studies, preparing students to address multifaceted challenges in the world today.

    Johns Hopkins University is ranked #6 for best national university and #13 best global university, according to U.S. News & World Report and was named one of the best schools for international relations by Foreign Policy Magazine.