Risk Management & Insurance Major

The Risk Management & Insurance Major is designed to provide students with an understanding of the insurance industry and of the current academic and practitioner literature on financial risk management. In the Risk Management & Insurance major, students will explore the various functional areas of insurance company management, including investment and financing policies as well as pricing and underwriting activities. Students will also become familiar with the types of risks facing financial institutions, corporations, and individuals and learn how to measure and manage these risks. The Risk Management & Insurance major prepares students for careers in the financial services industry (insurance companies, banks, securities firms, and pension funds).

For additional information regarding professional certification requirements please visit https://www.sju.edu/disclosures

Goal 1: Risk Management Skills

Outcome 1.1: Students majoring in Risk Management & Insurance should be competent in assessing coverage in common insurance policies.

Goal 2: Critical Thinking Skills

Outcome 2.1: Students majoring in Risk Management & Insurance will learn to think critically and analytically in identifying, analyzing, and treating the risks of an organization.

Goal 3: Communication Skills

Outcome 3.1: Students majoring in Risk Management & Insurance will learn to make recommendations that are clearly and effectively supported by data analysis.

Outcome 3.2: Students majoring in Risk Management & Insurance will learn to communicate clearly and effectively in both written and oral form.

The traditional undergraduate programs includes a minimum of 120 credits distributed across three components: A General Education component divided into Signature Courses, Variable Courses, and an Integrative Learning requirement; a Major and Divisional component; and Free Electives. In addition to course requirements as specified in each area, students must complete one certified course in each of the following overlay areas1:

  1. Diversity, Globalization or Non-western Area Studies,
  2. Ethics Intensive
  3. Writing Intensive, and
  4. Diversity
1

Overlay requirements are part of the 120 credit requirements

General Education Signature Courses

See this page about Signature courses

General Education Variable Courses

See this page about Variable courses. Six to Nine courses

General Education Overlays

See this page about Overlays.

General Education Integrative Learning Component

See this page about Integrative Learning Component. Three courses:

ECN 102Introductory Economics Macro3
MAT 123Differential Calculus 13
Students may take one additional course (excluding first year seminars) in the College of Arts and Sciences.3

Business Foundation 

Ten courses, including:

ACC 101Concepts of Financial Acct3
ACC 102Managerial Accounting3
DSS 100Excel Competency1
DSS 200Intro to Information Systems3
DSS 210Business Statistics3
DSS 220Business Analytics3
FIN 200Intro to Finance3
or FIN 225 Fund of Quantitative Finance
MGT 110Essent'ls of Organzational Beh3
or MGT 120 Essentials of Management
MGT 360Legal Environment of Business3
MKT 201Principles of Marketing3
BUS 495Business Strategy 13
or ACC 423 Accounting Control Systems
Total Hours31
1

Accounting Majors can choose between ACC 423 and BUS BUS 495

Major Requirements

Risk Management & Insurance Core
RMI 200Introduction to Insurance3
RMI 300Property and Casualty3
RMI 301Corporate Risk Management 23
Risk Management & Insurance Elective
Select one from any 300- or 400-level RMI course or DSS 370: 33
Insurance Data & Analytics
Intro to Probability in Insura
Insurance Company Operations
Insurance Law& Cyber Liability
Topics in Risk Mgt & Insurance
Underwriting
Enterprise Risk Management
Adv Topics: Risk Mgmt & Insura
Individual Research in RMI
Flexible Elective
Select one from any 300- or 400-level RMI, FIN, or REF course: 3, 43
Intermediate Finance
Investments
International Finance
Small Business Finance
Honors Research
Honors Research
Topics in Finance
Commerc Real Estate Valuation
Residential Loans& Investments
Applied Prob & Stats in Insura
Insurance Company Operations
Underwriting
Enterprise Risk Management
Individual Research in RMI
Advanced RMI Elective
Select one from any 400-level RMI course:3
Underwriting
Adv Insurance Financial Models
Enterprise Risk Management
Strategic Transformation RMI
Alternative Risk Financing
Adv Topics: Risk Mgmt & Insura
Individual Research in RMI
Total Hours18
1

All RMI majors must take at least one Calculus course ( MAT 123, MAT 155, MAT 161, or MAT 162) unless they have placed out with a 4 or 5 on the AP Calculus Exam or transfer credit in Calculus from another university.  Students who complete the GEP Math Beauty requirement by taking MAT 155 can satisfy RMI ILC #2 with any course from the College of Arts and Sciences. The Finance Department recommends that students who satisfy the GEP Math Beauty requirement by taking MAT 161 take the second course in the sequence, MAT 162, as the second RMI ILC course. However, these students also have the option to take any course from the College of Arts and Sciences to satisfy RMI ILC #2.

2

FIN 200 or FIN 225 and DSS 210 are prerequisites for RMI 301.

3

400-level courses have one or more 300-level courses as prerequisites (see Course Descriptions for details).

4

A 300-level FIN course also satisfies one course toward the FIN Major and can be double-counted.  Although a 300 or 400-level REF course can be taken as a Flexible Elective by a student majoring in RMI, REF courses cannot be double-counted in both the RMI major and the Real Estate minor. Thus, RMI majors completing the Real Estate minor cannot take a REF course to satisfy the Flexible Elective requirement.  

Free Electives

Six courses