The Risk Management and Insurance (RMI) concentration in the Finance area of provides students with the fundamental knowledge needed to accurately measure and manage risk. Launching in spring 2011, the program is the first of its kind in the region.
Recent crises suggest that understanding, assessing and managing risk are essential in the current business environment. Increasingly, businesses are using risk management as part of their strategy to increase a firm’s value.
The RMI specialty will provide an overall perspective on risk, with a specific focus on insurance products and their use in mitigating risk in business and personal situations. The insurance industry recognizes many high-level certifications as a sign of expertise, and the RMI coursework will provide the knowledge base so that students can proceed to acquire certification in a chosen area.
Potential job opportunities include positions in the insurance industry and those that require a thorough understanding of risk, such as corporate risk officer or risk manager. In addition, students who choose to work in the insurance industry can make a seamless transition into underwriting, ratemaking, and policy approval. The program will be supported by unique internships and special projects in the insurance industry. In addition to the Core requirements for the Bachelor of Science in Business Administration, you will take the following courses:
Risk Management and Insurance Option
FNCE 3500 - Management of Business Capital
FNCE 3600 - Financial Markets and Institutions
FNCE 4500 - Corporate Financial Decisions
FNCE 3809 - Introduction to Risk Management
FNCE 4090 - Insurance; Principles and Applications
FNCE 4129 - Practical Enterprise Risk Management
Please see the course catalog for course descriptions.