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RISK MANAGEMENT AND INSURANCE

College: Business
Degree: B.S.
Limited Access: YES
Contact: College of Business Undergraduate Programs Office and Advising Center
Address: 328 Rovetta Business Building, FSU
  P.O. Box 3061110
  Tallahassee, FL 32306-1110
Phone: (850) 644-3892
Email: ugprog@cob.fsu.edu
Fax: (850) 644-7332


Description of Major

The program in Risk Management/Insurance permits the student to specialize in insurance-related studies. The field of insurance offers the student challenging work and diverse opportunities for non-sales careers of many types as well as providing protection to individuals, groups and industry. The program emphasizes corporate insurance and related products. The Risk Management/ Insurance degree program is designed to meet the academic needs of the professional insurance and risk management practitioner. The objective of the curriculum in risk and insurance is to acquaint the student with the effects of risk and uncertainty upon business and society. The analysis of risk and the methods of meeting risk are placed in proper perspective as parts of a broad business management curriculum.

In the first two years at FSU, students should take courses to complete the following four requirements: Liberal Studies (general education) requirements, Gordon Rule Writing requirement, Multicultural Course requirements, and Prerequisite Coursework requirements. Some courses may fulfill requirements in multiple areas. Electives in the first two years should focus on gaining additional exposure to the social and behavioral sciences, and on improving communication and analytical reasoning skills.

Prerequisite Coursework: 21 hours.
The following courses must be completed with a C- or better:
ACG X021 (3) Introduction to Financial Accounting
ACG X071 (3) Introduction to Managerial Accounting
* CGS X518 (3) Spreadsheets for Business or CGS X100 (3) Microcomputer Apps. for Business
ECO X013 (3) Principles of Macroeconomics
ECO X023 (3) Principles of Microeconomics
MAC X233 (3) Calculus for Business and Non-Physical Sciences
STA X023 (3) Business Statistics
* Students taking CGS X100 or other approved course will also need to take CGS 2518 at FSU.
Note: State-wide common prerequisites are always under review. For the most current information and for acceptable alternative courses, visit the “Common Prerequisites Manual.” This is available from the “Student Services” section of http://www.flvc.org .

Admission Requirements to the Upper-Division Major
Admission to the limited access business programs requires the following: 1) completion of at least 52 semester hours; 2) a cumulative grade point average on all college work attempted of at least 2.90; and 3) satisfactory completion of all required prerequisite coursework.

Mapping. Mapping is FSU’s academic advising and monitoring system. Academic progress is monitored each Fall and Spring semester to ensure that students are on course to earn their degree in a timely fashion. Transfer students must meet mapping guidelines to be accepted into their majors. You may view the map for this major at www.academic-guide.fsu.edu/.

Major Program of Studies at FSU: 45-48 hours depending on if CGS 2518 was taken as a prerequisite course or not.
Courses taken at a Community College may not be substituted for 3000/4000 level courses.

Non-Business Required Course (0-3 hours)
CGS 2518 (3) Spreadsheets for Business

Lower-Division Requirement (3 hours)
This course is a Term 4 milestone. Transfer students must complete it in their first term of enrollment at FSU.
RMI 2302 (3) Risk in Business and Society

General Business Core Requirements for Risk Management/Insurance majors(15 hours):
A grade of C- or better must be earned in each course.
BUL 3310 (3) The Legal and Ethical Environment of Business
FIN 3403 (3) Financial Management of the Firm
GEB 3213 (3) Business Communications
MAN 3240 (3) Organizational Behavior
MAR 3023 (3) Basic Marketing Concepts

General Business Breadth Requirements for Risk Management/Insurance Majors (9 hours):
Each course selected must be completed with a grade of C- or better.
Complete the following three (3) courses:
REE 3043 (3) Real Estate
RMI 3011 (3) Risk Management/Insurance
MAN 4752 (3) Competitive Dynamics


Major Area Requirements for Risk Management/Insurance Majors (18 hours):
All risk management/insurance majors must complete the six courses listed below. A grade of C- or better must be earned in each course used to satisfy the risk management/insurance major area requirements.
Complete all of the following:
RMI 4115 (3) Life and Health Insurance Products
RMI 4224 (3) Property and Casualty Insurance Products
RMI 4292 (3) Property and Casualty Insurance Operations
RMI 4347 (3) Commercial Risk Management
Plus two (2) electives from the following list of courses:
RMI 4135 (3) Employee Benefit Plans
RMI 4295 (3) Advanced Property and Liability Insurance
RMI 4308 (3) Wealth Management
RMI 4420 (3) Legal Aspects of Insurance
RMI 4941 (3) Risk Management/Insurance Internship
Students should consult with their advisor when selecting major area electives.
Students should consult with their advisor when selecting major area electives.

Computer Skills Competency: 0 hours beyond prerequisites. CGS 2100 (3) or CGS 2518 (3).

Oral Communication Competency: 0 beyond major requirements.
Students must demonstrate the ability to orally transmit ideas and information clearly. Business majors complete GEB 3213.

Minimum Program Requirements - Summary
Total Hours Required 120
Liberal Studies 36*
Prerequisite Coursework 21*
Major Coursework 45-48
Minor Coursework 0
Computer Skills 0 beyond prerequisites
Oral Competency 0 beyond major
Electives to bring total credits to 120 (must complete at least 60 hours outside of business)
*Some Prerequisite courses may also be counted as part of Liberal Studies.

Remarks:
1. Must complete at least 60 hours outside of business.
2. A minimum of 45 hours at the 3000 level or above, at least 30 of which must be taken at this University.
3. At least half of the major course semester hours must be completed in residence at this University. After enrolling at this University, all remaining major course requirements must be completed at this University.
4. The final 30 hours must be completed in residence at this University.

Employment Information
Salary Information: National Association of Colleges and Employers, Occupational Outlook Handbook

Representative Job Titles Related to this Major: Insurance Adjuster, Marine Insurance Specialist, Underwriter, Claims Representative, Loss Prevention Engineer, Risk Manager, Insurance Agent or Broker, Attorney Claims, Actuary, Financial Counselor, Field Representative, Appraiser.
Representative Employers: Insurance Companies or Agencies, State Regulatory Agencies, Risk Management and Employee Benefits Firms, Consulting Actuarial Firms.

Updated: Summer 2015