Risk Management and Insurance Major
The financial crisis of 2008 made the importance of risk management abundantly clear. As the economy struggles to rebound, risk managers are increasingly sought after and knowledge about insurance is more and more valued.
The risk management and insurance (RMI) major at Saint Joseph's allows finance students to explore the more specific industry of insurance within the financial sector, as well as provide a basic understanding of the current practices of financial risk management. Within this program, students have the opportunity to explore various functional areas of managing insurance companies, including financing policies, investment policies, pricing and underwriting. The study of current market conditions gives students a greater understanding of the risks facing financial institutions, corporations and individuals today, and how to measure, manage and mitigate risk.
In studying risk management and insurance at Saint Joseph's, students find great career opportunities and acquire indispensable skill sets. Because corporations, hospitals and government units are recognizing RMI as an important and growing field, graduates can pursue numerous career paths, utilizing the skills of analytics, oral and written communication, and computer literacy, among others.
Want to get involved? Students can join Gamma Iota Sigma, the International Risk Management, Insurance and Actuarial Science Collegiate Fraternity. The Alpha Omega Chapter at SJU seeks to cultivate relationships by connecting educators, students and representatives from the insurance industry to encourage and foster further interest in insurance and risk management as well as network for careers upon graduation.