Risk management and knowledge of insurance are critical skills essential to all business executives. With the significant emerging risks in the world today, every business needs to be prepared for ‘what can go wrong’ and how to effectively mitigate those exposures. The Minor in Insurance and Risk Management, administered by the Department of Finance, provides the student with fundamental knowledge of risk management skills and the application of insurance to effectively manage risks. This minor also provides an effective introduction to the insurance industry, teaching the fundamental concepts, coverages, operations, and financial aspects of the industry. The minor is a valuable addition to any business degree/career allowing the student to better identify and manage risk in any industry or at a personal level, and to understand key insurance concepts.
The insurance industry is one of the largest and most dynamic sectors of the financial services industry. With greater competition and innovative disruption, the industry in constantly working to enhance products, services and improve customer experiences. The industry is in dire need of the next generation of talent and with many interesting and challenging career opportunities.
The minor is available to students who are enrolled in bachelor’s degree programs at Michigan State University. With the approval of the department and college that administer the student’s degree program, the courses that are used to satisfy the minor may also be used to satisfy the requirements for the bachelor’s degree.
Why should you consider Insurance & Risk Management for a minor and a possible career?
Admission
Admissions decisions are made on a rolling basis. Admission is highly competitive and therefore not guaranteed. By applying to the minor, you are agreeing to allow the selection committee to review your grades.
This curriculum is effective starting Fall 2022 – students following the previous curriculum should refer to their “Academic Progress” tile in student.msu.edu
To be admitted to the minor, students must complete one course from item (a) and one course from item (b). A grade of 3.0 or higher in each course is required for admission.
a. One (1) of the following courses (3 credits)
b. One (1) of the following courses (3 credits)
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If you have satisfied the course prerequisites for admission, you are invited to apply to the insurance and risk management minor.
Minor in Insurance and Risk Management Requirements
Students must complete a total of 15 credits from the following:
