Program Details
Bachelor of Science Degree • School of Business and Justice Studies
Risk Management and Insurance Major
Program Details
Program Description
The Risk Management and Insurance major is designed for students interested in
- the risk management and insurance industry, or
- the insurance and employee benefits areas of firms, not-for-profit organizations, and governmental agencies.
The focus of the program is on understanding the principles of risk management and insurance and techniques for risk measurement, mitigation and management. In addition, the principles for the appropriate applications of insurance as well as strategies for managing all aspects of the insurance industry will be included in the comprehensive major.
The major curriculum is structured to incorporate:
- analytical thinking
- quantitative analysis
- team building
- innovative problem solving
This major is oriented to gaining an integrated perspective on the full range of risk faced by a firm, its employees, and customers or clients. An organizing theme will be anticipating, combating, and managing risk exposure in the context of a commitment to principles of ethics and social responsibility.
Total credit hours required for degree: 120
ACADEMIC REQUIREMENTS
(See also General Education Core)
| Course | Credit Hours | Year Taken | |
|---|---|---|---|
| Core | 34-55 | ||
| Major Course Requirements | |||
| Accounting 201 | Financial Accounting | 3 | 2 |
| Accounting 202 | Managerial Accounting | 3 | 2 |
| Business Law 302 | Law of Business: Transactions and Organizations | 3 | 2,3 |
| Economics 131 | Principles of Microeconomics | 3 | 1 |
| Economics 141 | Principles of Macroeconomics | 3 | 1 |
| Economics 241 | Statistics | 3 | 2 |
| Economics/Finance 343 | Money and Banking | 3 | 3,4 |
| Finance 333 | Corporate Finance | 3 | 3,4 |
| Finance 351 or Economics 348 | Financial Management or Business and Economic Forecasting | 3 | 3,4 |
| Finance 357 | Financial Planning and Portfolio Analysis | 3 | 3,4 |
| Mathematics 143 & 144 or Mathematics 201 | Mathematical Analysis for Business and Economics (I and II) or Calculus I |
| 2 |
| RMI 273 | Introduction to Risk Management and Insurance | 3 | 2,3 |
| RMI 483 | Risk Management | 3 | 4 |
| One 300- or 400-level course in Accounting, Economics. Finance, Management, Marketing, or Risk Management and Insurance, or one course in Mathematics at the 200-level or higher | 3 | 3,4 | |
| 42-45 | |||
| Concentrations | |||
Concentration in Insurance Select four of the following: | |||
| RMI 325 | Principles of Insurance: Life, Health, and Annuities | ||
| RMI 326 | Principles of Insurance: Property and Liability | ||
| RMI 415 | Employee Benefits | ||
| RMI 445 | Enterprise Risk Management | ||
| RMI 470 | Internship | ||
| Elective | 300- or 400-level course in Economics, Finance, or Risk Management and Insurance | ||
| 12 | 3,4 | ||
Concentration in Risk Management Select four of the following: | |||
| FIN 352 | Investments | ||
| RMI 367 | Derivative Markets | ||
| RMI 375 | Quantitative Analysis of Risk | ||
| RMI 445 | Enterprise Risk Management | ||
| RMI 470 | Internship | ||
| Elective | 300- or 400-level course in Economics, Finance, or Risk Management and Insurance | ||
| 12 | 3,4 | ||
| Electives | |||
| The student must complete sufficient elective courses to earn at least the minimum credit hours required for this degree, and at least 60 credit hours of the 120 required must be in the liberal arts and sciences. | |||
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