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Risk Management & Insurance (Finance, Minor)

Risk and risk management transcend disciplines and have become increasingly important over the last 20 years. The RMI major and minor allow elective courses from other majors to reflect that risk affects and needs to be considered by every corporate function.

Risk Management & Insurance (Finance, Minor)


Description


What is Risk Management & Insurance at ODU like?

Risk and risk management transcend disciplines and have become increasingly important over the last 20 years. The RMI major and minor allow elective courses from other majors to reflect that risk affects and needs to be considered by every corporate function.

Program Highlights


What makes Risk Management & Insurance at ODU unique?

  • As a finance major, you will gain skills applicable to a variety of careers in the finance world

  • Our graduates secure rewarding careers as financial analyst, capital budgeting manager, credit manager, cash control/risk manager or a variety of portfolio management positions

Careers


What are some careers in this field?

Check out these ideas from ODU Career Development Services and the Occupational Information Network (O*NET). A median salary is the midpoint of what people typically earn—half of those surveyed earned above the median salary, and half earned below.

Risk Management Specialists

$76,630

MEDIAN SALARY


Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

Financial Analysts

$99,430

MEDIAN SALARY


Conduct quantitative analyses of information affecting investment programs of public or private institutions.

Courses


What are some courses offered in Risk Management & Insurance at ODU?

FIN 317:
Principles of Insurance and Risk Management


Recommended elective for nonbusiness as well as business majors. The primary focus of this introductory course is on evaluating life, health, retirement, property, liability and personnel exposures to loss and analyzing the methods for managing these risks. Risk management and insurance techniques for dealing with potential losses to individuals and organizations will be emphasized. A group project related to a current risk management and insurance topic is also required. Students receiving a B or better in this course can have it count as the CPCU 500 course of the Chartered Property-Casualty Underwriter |CPCU) professional designation. Prerequisites: A declared major in the University or permission of the Dean's Office of the Strome College of Business.

FIN 413:
Risk Analysis and Control


Recommended elective for nonbusiness as well as business majors. This course focuses on the risk analysis and control phases of the risk management process in business and governmental organizations. Particular attention is paid to the recognition, measurement, and treatment of pure risks, risk financing options other than commercial insurance, and decision making under conditions of uncertainty. Cases and computer analyses are employed. Prerequisites: FIN 317 or equivalent and a declared major in the University or permission of the Dean's Office.

FIN 443:
Enterprise Risk Management


This course is designed as a capstone course for students concentrating in risk management and insurance. The class will be introduced to all aspects of enterprise risk management (ERM), which is the emerging paradigm in risk management. Additionally, students will work on a semester long risk management and insurance group project, typically related to a Hampton Roads organization. Students receiving a B or better can use this course as ERM 57, which can count toward the CPCU or ARM-E professional designation. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office.

Requirements


What are the requirements to apply for Risk Management & Insurance at ODU?

Students entering the Minor program in Risk Management & Insurance should meet the minimum university admission requirements (Undergraduate Admission)

Cost

Tuition and Fees

Estimated rates for the 2022-23 academic year. Rates are subject to change. Anyone that is not a current Virginia resident will be charged non-resident rates. That includes international students.

Virginia Resident


Per Credit:

$ 374

Non-Resident


Per Credit:

$ 1,039

Active Duty Military Rate


Per Credit:

$ 250

Technology Delivered Courses Outside Virginia and/or the United States


Per Credit:

$ 407

Ways to Save

Here are a few ways for you to save on the cost of attending ODU. For more information visit University Student Financial aid

Next Steps


I like this program. What are the next steps?

Contact


Need help applying?

Meet Your Enrollment Team

Our enrollment coordinators are ready to help you through the admissions process.

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Professor


Name:

Michael Mcshane


Location:

2026 CONSTANT HALL, NORFOLK, VA, 23529



Office:

757-683-3602


Undergraduate Admissions


Location:

1004 Rollins Hall, Norfolk, VA 23529


Phone Office:

757-683-3685


Fax:

757-683-3255


Email:

admissions@odu.edu


International Admissions


Location:

2101 Dragas Hall, Norfolk, VA 23529


Phone Office:

757-683-3701


Fax:

757-683-3651


Email:

intladm@odu.edu

Additional Programs


Are there other programs at ODU I may be interested in?

With over 120 undergraduate programs, 130 graduate programs at the master'seducation specialist and doctoral levels plus a wealth of certificate and professional development programs, Old Dominion University has the program for you. Visit our academic program listing page to see other programs ODU has to offer.

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