Specialization: Risk Management
The fields of Risk Management and Insurance are recognized as important by many corporations, hospitals and governmental units. In addition, the insurance industry is a large employer of individuals with university-level education. In other industries, college graduates are employed in positions requiring an understanding of issues related to insurance (e.g. risk managers and employee benefit managers).
The field of Financial Planning offers other opportunities for individuals with university-level training in Risk Management and Insurance combined with a Finance background. A familiarity with risk management and insurance should prove useful for students who pursue careers in related areas such as health care, law, engineering and other fields in Business Administration.
| Risk Management (Quarter System) | Insurance (Semester system) |
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The Risk Management and Insurance specialization is designed to provide students a firm foundation in general business principles as well as a familiarity with methods used by organizations and individuals to manage risk-- i.e., measures taken to reduce the risk of damage to physical assets, exposure to legal liability, or injury to employees or customers.
Issues related to management of employee benefits also are studied. Within the framework of the specialization the student is provided an opportunity to choose from additional courses suited to an area of specialization. For example, a student who wishes to pursue a career in financial planning may use two investment courses as part of the major.
Risk Management Curriculum:
Risk Management Curriculum, GEC-R
Risk Management Curriculum, GEC
Other links:
Honors Programs
Study abroad - Student Exchange, Elective Treks
- Bus - Mgt 330 & 331 and Bus - Fin 640 are prerequisites to Bus - Fin 741 & 749
Sample Course Model
| Year | Autumn | Winter | Spring |
| 3 |
|
Risk Option |
Risk Option |
| 4 |
Bus - Fin 640 |
Bus - Fin 741 |
Bus - Fin 749 Bus Adm 799 |
|
Beginning Summer 2012, the Fisher College of Business will offer a specialization in Insurance. Please see below for the curriculum requirements.
Insurance Curriculum Requirements:
Insurance Advising Sheet (Semesters)
Other information:
Course Conversion Guide for Insurance
Business Core Course Conversion Guide |
Careers
Risk Management and Insurance helps businesses control risks and losses while maintaining the highest production levels possible. The fields of Risk Management and Insurance are recognized as important by many corporations, hospitals, and governmental units.
Salaries (2008-2009)
Full-time: $45,833 · Intern: $2,626/month
Potential career paths include but are not limited to:
- Underwriters: Review applications for insurance and the level of risk involved in agreeing to issue a policy and what premiums should be paid.
- Sales Managers: Sell insurance products, assist clients with policy questions, supervise sales staff.
- Risk Managers: Develop policies the insurance company follows when making decisions regarding claims.
|
| Hiring Companies |
- Progressive Insurance
- Prudential
- Amica Mutual Insurance Co.
- Travelers Insurance
- Oswald Companies
- CareFusion
- United Health Group
|
- JPMorgan Chase
- Nationwide
- Great American Insurance Company
- Great-West Life & Annuity
- Liberty Mutual
- Mass Mutual Financial Group
|
- MetLife Financial Services
- Motorists Insurance Company
- New York Life
- Abbott Laboratories
- Westfield Insurance
|