| Department: | Accounting, Finance, & Economics / Rankin College of Business |
| Hours Required: | 120 |
| Categories: | Major, Minor, Undergraduate |
| Delivery: | On-Campus |
The Insurance and Risk Management degree program equips students with the skills and knowledge necessary to assess, manage, and mitigate risk in a variety of industries. This program provides a strong foundation in insurance principles, financial risk analysis, and regulatory practices, preparing graduates for dynamic careers in underwriting, claims adjustment, risk management, and more. With the growing demand for professionals who can help organizations navigate uncertainty, students will be well-positioned to secure rewarding roles in the finance, insurance, and corporate sectors.
Topics Covered
In the first two years, students take a broad range of classes both in the College of Business and across campus. Upper-level courses focus on developing finance knowledge and skills.
- Classes include areas related to: Financial Management, Retirement Planning and Employee Benefits, Estate Planning, Insurance, Individual Tax, and Investment.
- Students are encouraged to obtain an internship related to their career plans. In the past, some of our students worked as interns for Ameriprise, BancorpSouth, Edward Jones, Farmers Bank & Trust, Mustard Seed Wealth Management, and State Farm Insurance.
- Students are encouraged to obtain an internship related to their career plans.
- Students are assigned a member of the finance faculty as an advisor to help with class scheduling, professional mentoring, and career placement.
Insurance and Risk Management Careers
- Insurance Underwriter – Evaluates and analyzes the risks involved in insuring individuals or businesses. Helps determine policy terms and premiums. Job growth is steady, with opportunities in various sectors, including property and casualty, life, and health insurance. Can work in the finance and insurance industries. https://www.bls.gov/ooh/business-and-financial/insurance-underwriters.htm
- Our finance graduates are working as financial advisors for the following firms:
- Edward Jones | Ameriprise | Merrill Lynch | Mustard Seed Financial
Student Engagement
- Students can join ENACTUS, a community of student, academic and business leaders committed to using the power of entrepreneurial action to transform lives and shape a better more sustainable world. ENACTUS members are afforded numerous opportunities to network and participate in a variety of projects and trips.
- Students can participate in the Finance and Economics Society to meet other students, and network with financial professionals.
- Student can also participate in the Student Investment Advisory Council to manage endowment funds.
Faculty Expertise
- Some of our faculty possess extensive industrial experiences as a financial advisor.
- The finance faculty in the Rankin College of Business are highly skilled professionals, with doctorate degrees in the field or years of professional experience.
- Our faculty are strong scholars, having conducted research in banking, financial markets, small business management, asset valuation, and finance and economics education.
Learning Goals
- Graduates from the College of Business can communicate effectively.
- Our graduates are prepared to be socially responsible citizens.
- Our graduates can think critically, solve problems, and make informed decisions.
- Our graduates can use technology effectively in their fields.
- Our graduates have content knowledge in their chosen fields and the necessary skills to be successful.
Major in Insurance and Risk Management
University Requirement (2 hours)
- GSTD 1002 – Freshman Seminar
General Education (35 hours)
- (ECON 2103 – Principles of Microeconomics is required)
Business Core Curriculum (54 hours)
- ACCT 2113 – Survey of Accounting
- ACCT 2003 – Principles of Accounting
- FIN 2003 – Personal Finance
- ECON 2203 – Principles of Macroeconomics
- GBUS 2003 – Legal Environment of Business
- GBUS 2013 – Statistics and Analytics I
- IS 2053 – Business Information Systems
- MGMT 2003 – Business Communications
Admission to the College of Business is required to enroll in the following courses:
- FIN 3003 – Financial Management
- GBUS 3183 – Statistics and Analytics II
- IS 3023 – Introduction to Data Visualization
- IS 3053 – Managing Information Systems
- MGMT 3023 – Organizational Theory and Behavior
- MGMT 3073 – Professional Communication Strategies
- MGMT 4063 – Operations and Supply Chain Management
- MGMT 4093 – Management Strategy and Policy
- MKTG 3033 – Principles of Marketing
Select one of the following:
- MGMT 4043 – International Business
- MGMT 4313 – International Studies and Field Experience
- MGMT 4101 – International Studies and Field Experience and MGMT 4102 – International Studies and Field Experience
Insurance and Risk Management Curriculum (27 Hours)
- FIN 3013 – Enterprise Risk Management
- FIN 3023 – Financial Institutions and Markets
- FIN 3053 – Investments
- FIN 4003 – Advanced Financial Management
- FIN 4023 – Life and Health Insurance
- FIN 4043 – Property and Casualty/Liability Insurance
Select 9 hours from the following:
- ACCT 3003 – Intermediate Accounting I
- ACCT 3023 – Individual Income Tax
- ACCT 3101 – VITA Experience
- ECON 3093 – Economic Analysis for Decision-Making
- ECON 4153 – History of Economic Thought
- FIN 3033 – Entrepreneurial Finance
- FIN 4063 – Retirement Planning and Employee Benefits
- FIN 4073 – Estate Planning and Taxation
- FIN 4143 – International Finance
- FIN 4153 – Finance Field Experience
- MKTG 3103 – Selling and Sales Management
- GBUS 3983 – General Business Internship or FIN 3983 – Business Internship in Finance
Unrestricted Electives (2 Hours)
Minor Requirements:
Minor in Finance – 15 hours
15 hours of upper-level finance courses*
(*FIN 3003 is a prerequisite to the 15-hour curriculum)
AACSB International business and accounting accreditation represents the highest standard of achievement for business schools worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review process.
