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.
Cornerstone Core Curriculum Requirements
Consist of 14 core and 2 overlay requirements. See below for additional detailed information on each of these requirements.
| Code | Title | Hours |
|---|---|---|
| First Year Course Requirements | ||
| ENG 101 | Craft of Language | 3 |
| World History Course Area | 3 | |
| Philosophy Requirements | ||
Either Level One or Level Two (but not both) -- must be Ethics designated. If approved, philosophy courses may count for a student's Writing Intensive overlay. Students may not double-count the same course as Philosophy Level Two and as a Mission Overlay course. | ||
| Philosophy Level One | 3 | |
| Philosophy Level Two | 3 | |
| Theology & Religious Studies Requirements | ||
If approved, Theology & Religious Studies courses may count for a student's Writing Intensive overlay. Students may not double-count the same course as CCC Theology and as a Mission Overlay course. | ||
| Theology | 3 | |
| Religious Studies | 3 | |
| Diversity & INT 151 Requirements | ||
A student's Diversity course may not count for any other CCC course area requirement or as their Mission Overlay course. If approved, Diversity courses may count for a student's Writing Intensive Overlay requirement. INT 151 may not count for any other CCC requirements. This course must be taken in the first two years | ||
| Diversity | 3 | |
| INT 151 | Inequality in American Society | 1 |
| Math & Natural Science Requirements | ||
If approved, Math & Natural Science Requirements may count toward overlay requirements. | ||
| Mathematics | 3-4 | |
| Natural Science | 4 | |
| Social Science Requirement | 3 | |
If approved, such Social Science Requirement may count toward a student's overlay requirements. | ||
| Non-Native Language Requirement | 3-4 | |
A single Non-Native Language course may not count as an overlay course but a second language course fulfills a student's Mission Overlay requirement. | ||
| Literature Requirement | 3 | |
If approved, Literature courses may count toward a student's overlay requirements. | ||
| Fine and Performing Arts, Creativity, and Design Requirement | 3 | |
If approved, Fine and Performing Arts, Creativity, and Design courses may count toward a student's overlay requirements. | ||
| Overlay Requirements | ||
| Writing-Intensive | 3 | |
If approved, Writing-Intensive courses may double count as major courses, minor courses, electives, or as any CCC course area requirement except for the first-year courses (World History and Rhetoric and Composition). | ||
| Mission-Overlay | 3 | |
Mission Overlay courses may double count as major courses, minor courses, elective courses, or any of the following CCC course areas: Fine and Performing Arts, Creativity, and Design, Literature, Mathematics, Natural Science, or Social Science. | ||
| Total Hours | 47-49 | |
Business Foundation
| Code | Title | Hours |
|---|---|---|
| ACC 101 | Concepts of Financial Acct | 3 |
| ACC 102 | Managerial Accounting | 3 |
| DSS 100 | Excel Competency | 1 |
| DSS 200 | AI in Business | 3 |
| DSS 210 | Business Statistics | 3 |
| DSS 220 | Business Analytics | 3 |
| ECN 102 | Introductory Economics Macro | 3 |
| FIN 200 | Intro to Finance 1 | 3 |
| or FIN 225 | Fund of Quantitative Finance | |
| MGT 110 | Essent'ls of Organzational Beh | 3 |
| or MGT 120 | Essentials of Management | |
| MGT 360 | Legal Environment of Business | 3 |
| MKT 201 | Principles of Marketing | 3 |
| BUS 495 | Business Strategy | 3 |
| Total Hours | 34 | |
- 1
ECN 101 is a prerequisite for FIN 200 and may count towards the Cornerstone Core Curriculum Social Science requirement.
Major Requirements
| Code | Title | Hours |
|---|---|---|
| Risk Management & Insurance Core | ||
| RMI 200 | Introduction to Insurance | 3 |
| RMI 300 | Property and Casualty | 3 |
| RMI 301 | Corporate Risk Management 2 | 3 |
| Risk Management & Insurance Elective | ||
| Select one from any 300- or 400-level RMI course or DSS 370: 3 | 3 | |
| Intro to Probability in Insura | ||
| Insurance Company Operations | ||
| Insurance Law& Cyber Liability | ||
| Insurance Data & Analytics | ||
| Employee Benefits | ||
| 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, 4 | 3 | |
| Intermediate Finance | ||
| Investments | ||
| International Finance | ||
| Small Business Finance | ||
| 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 | ||
| Calculus (will count for CCC: Mathematics) | 3-4 | |
| Differential Calculus | ||
| Fundamentals of Calculus | ||
| Calculus I | ||
| Total Hours | 21-22 | |
- 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
Seven to nine courses. Graduation requires 120 credits. Any credits necessary to reach that number outside of the CCC and major requirements are considered free electives.
| First Year | ||
|---|---|---|
| Fall | Hours | |
| DSS 100 | Excel Competency | 1 |
| ACC 101 | Concepts of Financial Acct | 3 |
| MGT 110 or MGT 120 |
Essent'ls of Organzational Beh (or Theology) or Essentials of Management |
3 |
| ECN 101 or ECN 102 |
Introductory Economics Micro or Introductory Economics Macro |
3 |
| ENG 101 | Craft of Language (or World History) | 3 |
| Non-Native Language or Mathematics | 3 | |
| Hours | 16 | |
| Spring | ||
| ACC 102 | Managerial Accounting | 3 |
| ENG 101 | Craft of Language | 3 |
| MGT 110 or MGT 120 |
Essent'ls of Organzational Beh (or Theology) or Essentials of Management |
3 |
| ECN 102 or ECN 101 |
Introductory Economics Macro or Introductory Economics Micro |
3 |
| INT 151 | Inequality in American Society | 1 |
| Non-Native Language or Mathematics | 3-4 | |
| Hours | 16-17 | |
| Sophomore | ||
| Fall | ||
| DSS 200 | AI in Business | 3 |
| DSS 210 | Business Statistics | 3 |
| FIN 200 or FIN 225 |
Intro to Finance or Fund of Quantitative Finance |
3 |
| RMI 200 | Introduction to Insurance | 3 |
| Philosophy Level One | 3 | |
| Hours | 15 | |
| Spring | ||
| DSS 220 | Business Analytics | 3 |
| RMI 301 | Corporate Risk Management | 3 |
| MKT 201 | Principles of Marketing | 3 |
| Philosophy Level Two | 3 | |
| Free Elective | 3 | |
| Hours | 15 | |
| Junior | ||
| Fall | ||
| RMI 300 | Property and Casualty | 3 |
| MGT 360 | Legal Environment of Business | 3 |
| Religious Studies | 3 | |
| Free Elective | 3 | |
| Major Elective | 3 | |
| Hours | 15 | |
| Spring | ||
| Major Elective | 3 | |
| Diversity | 3 | |
| Literature | 3 | |
| Free Electives | 6 | |
| Hours | 15 | |
| Senior | ||
| Fall | ||
| Fine & Performing Arts, Design & Creativity | 3 | |
| Natural Science | 4 | |
| Free Electives | 9 | |
| Hours | 16 | |
| Spring | ||
| Major Elective | 3 | |
| BUS 495 | Business Strategy | 3 |
| Free Electives | 6-9 | |
| Hours | 12-15 | |
| Total Hours | 120-124 | |