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BBA in Risk Management and Insurance

The undergraduate program in risk management and insurance strives to prepare qualified and motivated students for positions of leadership and responsibility in risk management, insurance, and other financial services businesses and in general business and government. The Bachelor of Business Administration in Risk Management and Insurance challenges the student both quantitatively and qualitatively as it emphasizes critical thinking for decision making under uncertainty. Qualified students can find excellent opportunities for creative work, professional recognition, financial reward, and public service within this degree program.

If you enjoy both problem solving and have strong people skills, a BBA-RMI degree can create excellent opportunities for creative work, professional recognition, financial reward, and public service. Graduates in risk management and insurance find a variety of career opportunities open to them as risk analysts within the business community and government; as brokers/agents providing professional risk management counseling and market placement services for clients; as consultants and personal financial planners; and in the underwriting, marketing, claims adjusting, planning, governmental relations, and financial management activities of insurers.

More information about money available to students to pursue the ARM, CPCU, and AS exams »

Please note that academic credit is not provided for courses taken towards the CPCU and other Institutes’ designations.

Risk Management and Insurance Track

This track is for those who desire to work in the insurance industry or in risk management in general. The required courses introduce students to the business of insurance and risk management from a corporate perspective. Elective courses can allow the student a degree of specialization in life insurance, property liability insurance, or risk management. Graduates of the risk management and insurance track find employment as brokers/agents providing professional risk management counseling and market placement services for clients; as consultants and personal financial planners; and in the underwriting, marketing, claims adjusting, planning, governmental relations, and financial management activities of insurers.

Required courses for the track

  • Math 1220 Calculus for Business (or equivalent)
  • RMI 3750 Risk Modeling
  • RMI 4150 Theory of Risk
  • RMI 4300 Risk Management
  • RMI 4350 Enterprise Risk Management
  • Pick three of the following: RMI 3500, RMI 4010, RMI 4020, RMI 4530, RMI 4700, RMI 4391, RMI 4530, Fi 4020, Lgls 4050, or PFP 4000
  • Students who lack broad knowledge of insurance principles, markets, and institutions are strongly encouraged to begin their course of studies with RMI 3500
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Risk Analysis Track

This track is for those who are interested in understanding how to model risk, how to assess risk, and how to communicate risk in a business or governmental setting. Students will take courses in risk modeling, legal risk analysis, regulation, economics, and policy. Graduates in the risk analysis track find a variety of career opportunities open to them as risk analysts within the risk management and insurance business, in other financial institutions, and in community and government agencies.

Required courses for the track

  • Math 1220 Calculus for Business (or equivalent)
  • RMI 3750 Risk Modeling
  • RMI 4005 Introduction to Risk Analytics and Applications
  • RMI 4015 Contract Risk Analysis
  • RMI 4025 Law, Policy and Risk Regulation
  • RMI 4990 The Risk Clinic
  • ECON 4950 Econometrics
  • RMI 4150 Theory of Risk
  • Elective approved by program advisor
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