Utica College’s insurance and risk management program offers intensive skills development in this very specialized and sought-after management area, preparing you for a broad range of highly profitable career path options in an increasingly dynamic corporate marketplace. Part of UC’s Business and Economics department, the risk management and insurance major offers students the opportunity to work with the industry’s most current tools and practices and learn from the experienced professionals on our faculty.

What You’ll Learn
The insurance and risk management major focuses on principles and relating to risk measurement, mitigation, and management, with emphasis on: analytic thinking, quantitative analysis, team building, and innovative problem solving. Addressing risk through measurement and management reduces uncertainty that corporations, individuals, and small businesses are confronted with. Along with the quantitative aspects of risk evaluation, the curriculum instills a commitment to principles of ethics and social responsibility.

Academic Requirements

Core: 34-55 Credit Hours

Major Course Requirements (42 Credit Hours)
ACC 201 – Financial Accounting (3)
ACC 202 – Managerial Accounting (3)
BUL 302 – Law of Business Organizations (3)
ECN 131 – Principles of Microeconomics (3)
ECN 141 – Principles of Macroeconomics (3)
ECN 241 – Statistics (3)
ECN 343 – Money and Banking (3)
or
FIN 343 – Money and Banking (3)
FIN 333 – Corporate Finance (3)
FIN 351 – Financial Management (3)
or
ECN 348 – Business and Economic Forecasting (3)
FIN 357 – Retirement and Estate Planning (3)
MAT 143 – Mathematical Analysis for Business & Economics I (3)
or
MAT 201 – Calculus I (3)
RMI 273 – Introduction to Risk Management and Insurance (3)
RMI 483 – Risk Management (3)
One 300- or 400-level course in Accounting, Economics. Finance, Management, Marketing, or Risk Management and Insurance, or one course in Mathematics at the 200-level or higher (3)

Concentration in Insurance (12 Credit Hours)
Select four of the following:

RMI 326 – Principles of Insurance: Property and Liability (3)
RMI 415 – Employee Benefits (3)
RMI 445 – Enterprise Risk Management (3)
RMI 470 – Risk Management and Insurance – Internship (3)
Elective – 300- or 400-level course in Economics, Finance, or Risk Management and Insurance

Concentration in Risk Management (34-55 Credit Hours)
Select four of the following:

RMI 375 – Quantitative Financial Analysis of Risk (3)
RMI 445 – Enterprise Risk Management (3)
RMI 470 – Risk Management and Insurance – Internship (3)
Elective – 300- or 400-level course in Economics, Finance, or Risk Management and Insurance

Electives
The student must complete sufficient elective courses to earn at least the minimum credit hours required for this degree, and at least 60 credit hours of the 120 required must be in the liberal arts and sciences.

Minor Risk Management and Insurance (21 Credit Hours)
The minor in risk management and insurance is designed to allow students who are majoring in other areas to explore this field and its many career potentials.

Academic Requirements 
ACC 201 – Financial Accounting (3)
FIN 333 – Corporate Finance (3)
RMI 273 – Introduction to Risk Management and Insurance (3)
RMI 325 – Principles of Insurance: Life, Health, and Annuities (3)
RMI 326 – Principles of Insurance: Property and Liability (3)
RMI 483 – Risk Management (3)

Choose one of the following courses:
BUL 301 – The Legal Environment of Business (3)
RMI 375 – Quantitative Financial Analysis of Risk (3)
RMI 470 – Risk Management and Insurance – Internship (3)