Risk Management and Insurance Major
Number 1 Ranked Insurance Program
The No. 1 ranked risk management and insurance (RMI) program in the country, Saint Joseph’s RMI major equips finance students with knowledge of the insurance industry and a basic understanding of the current academic and practitioner literature on financial risk management.
Since the financial crisis of 2008, improving risk management has been a priority of executives and top corporations. In this program, students will develop a competitive skillset that will be attractive to future employers. Risk management and insurance majors 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.
Career Opportunities in Risk Management and Insurance
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. Our RMI students benefit from direct access to leaders in the industry through SJU’s Academy of Risk Management and Insurance, created by Philadelphia Insurance Founder, James Maguire ’58. The Academy supports the RMI program with scholarship aid, recruiting, internships/cooperative education, counseling and placement.
In July 2017, James and Frances Maguire pledged to establish multiple endowed funds in support of SJU’s RMI program, providing critical support for faculty, scholarship opportunities for students, and professional development opportunities for both.
Ways to Get Involved
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.