Degree Requirements

After completing the MBA core courses, a concentration (12 hours) in risk management and insurance can be chosen from any of the following 8000-level RMI courses. Students may also select non-RMI courses as credit toward a concentration with advance permission of the RMI department’s graduate faculty advisor.

  • RMI 8000 Perspectives on Risk and Insurance (3.0)
  • RMI 8050 Risk Management Modeling (Replaces AS 8000) (3.0)
  • RMI 8120 Property and Liability Insurance (Replaces RMI 8110 and RMI 8130) (3.0)
  • RMI 8150 Corporate Risk Management (3.0)
  • RMI 8200 Life Insurance (3.0)
  • RMI 8220 Employee Benefit Planning (3.0)
  • RMI 8240 Pension Planning (3.0)
  • RMI 8300E Predictive Risk Models (3.0)
  • RMI 8320 Management of Insurance Institutions (Replaces RMI 8170 and RMI 8310) (3.0)
  • RMI 8330 Insurance Law (Same as LGLS 8330 and LAW 7266) (3.0)
  • RMI 8350 International Risk and Insurance (3.0)
  • RMI 8370 Financial Risk Management (3.0)
  • RMI 8380 Insurance Regulation and Public Policy (3.0)
  • RMI 8389 Directed Readings in Risk Management and Insurance (1.0 to 3.0)
  • RMI 8390 Electronic Commerce in the Insurance Industry (3.0)
  • RMI 8500 Advanced Studies in Risk Management and Insurance (3.0)

In addition to the general concentration, the RMI department participates in two hybrid degree programs.

Specialization in Financial Risk Management

Students completing the Specialization in Financial Risk Management (FRM) will earn a dual concentration in risk management and insurance and in finance. The specialization is designed to prepare students to work in the treasury departments of non-financial firms or as professionals in the financial risk management departments in financial institutions or consultancies.

The four courses required for the Specialization in Financial Risk Management are as follows:

  • Fi 8000 Valuation of Financial Assets
  • RMI 8050 Risk Management Modeling
  • Fi 8200 Derivative Markers I
  • RMI 8370 Financial Risk Management

MBA Career Path in Enterprise Risk Management

The MBA Career Path in Enterprise Risk Management ERM is appropriate for students seeking to further enhance their training in financial risk management with broader education in the management of operational and other non-financial risks, such as political risk, property and liability exposures, security breach risk, and employer welfare.

Students seeking to enroll in this program must take three courses in addition to those required for the Specialization in Financial Risk Management (above). One is required and the other two can be chosen by the student, with approval of the RMI department’s graduate faculty adviser, from the list of recommended courses below. Other courses may be selected with the advance approval of the graduate adviser.

Required:

  • RMI 8150 Corporate Risk Management

Choose two of the following:

  • Acct/CIS 8680 Security and Privacy of Information and Information Systems
  • Econ 8860 Economics of Global Finance
  • RMI 8120 Property and Liability Insurance
  • RMI 8350 International Risk and Insurance