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The Minor in Insurance and Risk Management, administered by the Department of Finance, teaches the skills necessary for students seeking careers as underwriters, claim adjusters, agents or brokers in the insurance organization, as well as careers in risk management in financial institutions. Students will learn how to quantify, manage and price risk, while learning the structure, evolution and regulation of the finance and insurance sector of the economy.

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.


The online application must be completed by the deadline of March 15.  Admissions decisions are made in late spring each year. 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

For students participating in S/NS grading, please note that The Broad College will use original numeric grades from Fall 2020 and Spring 2021 in admission decisions for the Insurance and Risk Management Minor.

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:


Required Courses

All the following courses (9 credits)

Minor Selection Courses

At least two (2) courses of the following courses (5 or 6 credits)