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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?

  • The Finance Department at Old Dominion University has earned a national reputation for its contributions to practice through teaching excellence and professional leadership

  • 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?

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

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'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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