Adding an RMI minor to your degree will give you an edge in the job market. “The capacity to manage risk, and with it, the appetite to take risk and make forward looking choices, are key elements of the strategy that drives the economic system forward.” (Peter Bernstein, Against the Gods) The RMI minor offers students of economics, math, actuarial science, physical sciences, engineering, architecture, arts and media and other academic disciplines the opportunity to learn how to analyze risks in their chosen professions, increasing their marketability and potential for success. The Risk Management and Insurance industry is incredibly diverse and hires talented individuals from nearly every major (including liberal arts). If you would like to develop the expertise to analyze the risk dimensions of your chosen field and create strategies to manage these risks, you may consider adding the RMI minor to your undergraduate degree plan.
Please see catalog for course descriptions.
RMI minor Prerequisites
- Algebra for Social Science and Business MATH 1070 or College Algebra MATH 1110 or equivalent
- Polynomial Calculus MATH 1080 or equivalent
- Principles of Economics: Macroeconomics ECON 2012
- Principles of Economics: Microeconomics ECON 2022
- Introduction to Business Problem Solving ISMG 2050 or computer literacy
- Business Statistics DSCI 2010 or a statistics course approved by the Business school
- Financial Accounting and Financial Statement Analysis ACCT 2200
RMI minor Requirements
You will complete the following 6 courses (18 semester credit hours)
- Principles of Finance, FNCE3000
- Management of Business Capital, FNCE3500
- Introduction to Risk Management and Insurance, FNCE3809*
- Corporate Risk Management, FNCE4909*
- Investment Management and Portfolio Analysis, FNCE3700
And one of
- Life and Health Insurance, FNCE4709*
- Property and Casualty Insurance, FNCE4809*
- Practical Enterprise Risk Management, FNCE4129*
- FNCE3809, FNCE4809, FNCE 4909 and FNCE 4129 ( marked * in the RMI minor Requirements) are designated as RMI courses and offered through Extended Studies with a fixed tuition rate of $900 per course (in-state), $1800 per course (WUE) and $2400 per course (out of state). The courses are not eligible for COF. Registration for these courses is through the Extended Studies site (not Denver campus) under UCDAccess.
- To declare the RMI minor, student must have a 3.0 GPA, either cumulative or from their last 24 completed credit hours. Student must maintain or exceed a 2.0 cumulative GPA to graduate with the minor.
- Students must have junior standing in their school and declared the RMI Minor to register for FNCE 3500, FNCE3700, FNCE3809, FNCE4809, FNCE 4909 and FNCE 4129. Otherwise, students will have to petition separately to take each of the courses. All students taking RMI courses will need to fill out a Schedule Adjustment Form and submit the Form to the Business School.
- If the student taking courses under the RMI minor chooses to subsequently apply to the Business School to complete the Finance emphasis with the RMI concentration, FNCE 3500, FNCE 3700, FNCE 3809, FNCE 4809, FNCE 4909, and FNCE 4129 will be accepted as part of their area of emphasis, but students will be required to take additional upper division junior or senior level coursework, with the approval of the Business School, to meet the 30 credit hour Business School residency requirement. Once admitted to the Business School, RMI minor is forfeited.
- Students who have declared the RMI minor will be able to apply for RMI scholarships and internships through the Risk Management and Insurance Program of the Business School.
- Up to 9 of the 18 credit hours required for the RMI minor may be completed at another institution.
- Transfer credit will be granted on the same basis that transfer credit is granted for courses taken by business majors. Your undergraduate business advisor will help with your transfer evaluation.