Abstract
The article is devoted to the study of the problem of risk management modeling in universities. The authors use representative expert material, which is comprehended through the methods of scientific analysis, generalization and description. The authors proceed from the fact that the idea of risk management has spread from the financial and production sectors to the education system. In this context, the authors analyze the mechanisms of selection and adaptation of approaches to modeling risk management in Western universities, and summarize the results of research of Russian universities to identify universal and acceptable approaches to the development of their own risk management models and accompanying methodological tools. The authors summarize the logic of identifying universal risks for universities in the context of their financial and Academic Affairs. As a result, they propose formulations of universal approaches to building risk management of HEIs, which can become a basis for Kazakhstan to develop its own modeling concepts.