Requirements for the Risk Management & Insurance Major

All students majoring in Risk Management & Insurance must complete the following GEP requirements (please see section in the catalog on the General Education Program for details).

Signature courses: six courses

Variable courses: six to nine courses

Integrated Learning Component (ILC): three courses, including:

Required:

ECN 102	Macroeconomics
MAT 123	Differential Calculus
	Or
MAT 156	Applied Calculus II*
	Or
MAT 162	Calculus II*

* The Finance Department recommends that students who satisfy the GEP Math Beauty requirement by taking either MAT 155 or MAT 161 take the second course in the sequence (MAT 156 or MAT 162) as the second RMI ILC course. However, these students also have the option of fulfilling this ILC requirement by taking any other MAT class (100-level or above, excluding first-year seminars). All RMI majors must take at least one calculus course (MAT 123, MAT 155, or MAT 161), and two Math classes in total (excluding first-year seminars).

For the third ILC course, students must take one additional course (excluding first year seminars) from Economics, English, Math,or Philosophy, Political Science, Psychology, or Sociology.

Free electives: six courses

Business Foundation: ten courses

ACC 101	Concepts of Financial Accounting
ACC 102	Managerial Accounting
DSS 200	Introduction to Information Systems
DSS 210	Business Statistics
DSS 220	Business Analytics
FIN 200	Introduction to Finance
MGT 110 or 120	Essentials of Organizational Behavior or Essentials of Management
MGT 360	Legal Environment of Business
MKT 201	Principles of Marketing
BUS 495	Business Policy

Major Concentration: six courses

Required Courses

RMI 200	Introduction to Risk Management & Insurance
RMI 300	Property and Casualty Insurance
RMI 301	Corporate Risk Management

Electives in major:

Three courses including one in RMI and two additional from the following:

Risk Management and Insurance

RMI 401	Alternative Risk Financing
RMI 470	Topics in RMI
RMI 493-494	Individual Research in RMI

Finance

FIN 201	Markets & Institutions
FIN 300	Intermediate Finance
FIN 301	Investments
FIN 302	International Finance
FIN 303	Small Business Finance
FIN 304-305	Honors Research in Finance
FIN 400	Mergers & Acquisitions
FIN 401	Student Managed Funds
FIN 402	Portfolio Management
FIN 403	Derivative Securities
FIN 470	Selected Topics in Finance
FIN 493-494	Individual Research in Finance

Financial Planning

FPL 200	Personal Financial Planning
FPL 300	Retirement Plan
FPL 301	Estate Planning
FPL 400	Financial Plan Development
FPL 470	Topics in Financial Planning
FPL 493-494	Individual Research in Financial Planning

Requirements for the Risk Management and Insurance Minor

ACC 101	Concepts of Financial Accounting
FIN 200	Introduction to Finance
RMI 200	Introduction to Risk Management & Insurance
RMI 300	Property and Casualty Insurance
RMI 301	Corporate Risk Management

One elective:

This elective must be a 300- or 400-level RMI course. FIN or FPL courses cannot be used to satisfy the requirements of the RMI minor unless approved by the Finance Department chair.

The first two courses in the RMI minor are the financial core: Concepts of Financial Accounting (ACC 101) and Introduction to Finance (FIN 200). These two courses can be double-counted toward a Business student’s major, and do not have to be replaced with additional courses for the minor. Students are responsible for completing the prerequisites to the courses required for the minor. The RMI minor requires students to complete four RMI courses. The one exception to this is for students majoring in Actuarial Science, described below. These courses cannot be double-counted in the student’s major.

Requirements for the Risk Management & Insurance Minor for Actuarial Science Majors

Six required courses:

ACC 101	Concepts of Financial Accounting
FIN 200	Introduction to Finance
FIN 300	Intermediate Finance
RMI 200	Introduction to Risk Management & Insurance
RMI 300	Property and Casualty Insurance
RMI 301	Corporate Risk Management

Up one level: Risk Management & Insurance Major