Risk Management & Insurance (Finance, B.S.B.A.)
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, B.S.B.A.)
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?
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The Finance Department at Old Dominion University has earned a national reputation for its contributions to practice through teaching excellence and professional leadership
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The Insurance and Financial Services Center offers several networking opportunities including hosting an annual career fair, bringing speakers to campus and other events for students and industry professionals
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.
Investment Underwriters
$76,630
MEDIAN SALARY
Manage communications or negotiations between corporate issuers of securities and clients regarding private equity investments. Underwrite the issuance of securities to provide capital for client growth. Negotiate and structure the terms of mergers or acquisitions.
Loan Officers
$77,920
MEDIAN SALARY
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Insurance Claims and Policy Processing Clerks
$41,090
MEDIAN SALARY
Process new insurance policies, modifications to existing policies, and claims forms. Obtain information from policyholders to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records. Update existing policies and company records to reflect changes requested by policyholders and insurance company representatives.
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 412:
Property and Liability Insurance Company Operations
The course provides a broad overview of the operational activities and current problems of property and liability insurance companies, including organization, regulation, pricing, underwriting, claims, reinsurance, marketing, investment, and accounting functions. Through course projects, students will also investigate the major commercial property and liability exposures, including emerging exposures, and the risk transfer of these exposures through insurance. Students receiving a B or better in this course can have it count as the CPCU 520 course of the Chartered Property-Casualty Underwriter |CPCU) professional designation. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office of the Strome College of Business.
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 Bachelor of Science in Business Administration program in Risk Management & Insurance should meet the minimum university admission requirements (Undergraduate Admission)
Applicants for admission to any of the majors in the undergraduate degree program in business administration (Bachelor of Science in Business Administration - BSBA) should apply initially to the Office of Admissions of Old Dominion University. Students cannot be accepted into business administration without first being admitted to the University. Admission to the University does not guarantee admission to the Bachelor of Science in Business Administration (BSBA) program. Candidates for admission to the BSBA program should indicate on the application to the University their intention to enter the undergraduate business administration degree program.
Admission to the BSBA degree program is a two-step process.
1. Students must first successfully complete ODU admission requirements and be certified as having done so
2. Complete admission requirements to the BSBA degree program
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?
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Contact
Need help applying?
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Professor
Name:
Michael Mcshane
Location:
2026 CONSTANT HALL, NORFOLK, VA, 23529
Email:
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
Transfer
I like this program and want to transfer. What are my next steps?
At ODU, we understand that as a transfer student you have unique needs that require a wide array of campus resources. The Center for Advising Administration and Academic Partnerships aims to create a transfer inclusive culture that supports the successful transition, engagement, and academic achievement of transfer students. The services and programs offered to you as a Monarch are endless so take advantage of every opportunity. Even before you set foot on campus, we encourage you to Explore, Experience, and Engage! Visit our Transfer Students page for more information.
Additional Programs
Are there other programs at ODU I may be interested in?
With over 120 undergraduate programs, 130 graduate programs at the master's, education 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.
How would you like to complete your program?
Enhance your college career by gaining relevant experience with the skills and knowledge needed for your future career. Discover our experiential learning opportunities.
Get an inside look into your major of interest when you speak to professors and current students at our monthly First Friday events.
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