The Department of Risk Management & Insurance (RMI) in the J. Mack Robinson College of Business at Georgia State University was founded in 1953 by a group of young and innovative scholars led by Kenneth Black Jr. Today we are one of the largest and finest centers of risk management education and research in the world. The department’s success is a product of the outstanding accomplishments of our many graduates, the high academic standards of past and present faculty and staff, and the generous financial support of our many alumni and friends.
Today, Georgia State’s RMI Department offers undergraduate (BBA), graduate (MBA, MS), and doctoral degrees (PhD); three distinct majors related to some aspect of managing risk — actuarial science (AS), wealth management, and risk management and insurance (RMI); the risk analysis track in the BBA degree program and the mathematical risk management specialization in the MS degree program; as well as professional education programs. We also offer certificate programs in personal financial planning and in enterprise risk management.
U.S. News & World Report has ranked our undergraduate insurance program among the nation’s top 10 since 1999 (currently #4). While this is a remarkable accomplishment, the department’s forte is graduate education. Robinson’s part-time MBA is ranked among the best by the Aspen Institute, Bloomberg Businessweek and U.S. News & World Report (complete list of rankings).
In December 2009, the RMI Department was named a Center of Actuarial Excellence by the Society of Actuaries, the discipline’s premier educational, research, and professional organization, as one of 12 inaugural schools to receive the designation. The CAE program will expand actuarial knowledge, strengthen the profession by promoting the development of intellectual capital and its application, and confer prestige and opportunity to its recipient schools.
As a prominent research institution, Georgia State’s RMI Department produces and disseminates groundbreaking original research that brings a high degree of definition and clarity to the study of risk. The RMI Department has one of the largest full-time faculties in the world dedicated to understanding, quantifying, and developing strategies for managing risks faced by individuals, organizations, and society. The department houses two research centers – the Center for the Economic Analysis of Risk (CEAR) and the Center for Risk Management and Insurance Research.
Center for Risk Management and Insurance Research
The Center for Risk Management and Insurance Research, established in 1959, sponsors and disseminates valuable applied research on risk and insurance to enhance public understanding and positively impact business decisions and public policy around these topics.
Center for the Economic Analysis of Risk
The Center for the Economic Analysis of Risk (CEAR) was launched in 2009 as a partnership between the Georgia State’s Department of Risk Management and Insurance, Finance, Accounting, Economics, and the Federal Reserve Bank of Atlanta. When fully staffed and operational, CEAR will house over 100 research associates globally. As a virtual organization headquartered in Atlanta, CEAR will conduct and promote research on the measurement and management of risk faced by individuals, households, institutions and societies.