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Risk Management & Insurance (BS)

Guest instructor from American Specialty Insurance giving a presentation

Make a calculated career decision.

Why study risk management & insurance?

Managing risk is an integral to a company’s success, but the increased demand for professionals with risk management expertise has led to a thriving business specialty — and has created a range of new career possibilities.

How to Become a Risk Manager

Risk managers combine financial knowledge with strategic and analytical thinking skills to help companies and clients make sound business decisions. The route to a risk manager position was, traditionally, a major in business, finance or accounting coupled with on-the-job experience. Today, you’ll find degree programs built specifically around RMI, which offer the specialized skills and knowledge you’ll need to hit the ground running in a rapidly growing, technology-driven field.

Earning an RMI degree can also prepare you for various opportunities in insurance and other industries. A minor in risk management and insurance can also be valuable for accounting and finance students.

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Career Outlook & Success

15%

expected growth in demand for financial managers through 2029, much faster than the average occupation (BLS)

$72,000

median national salary for governance, risk and compliance professionals (CFE, 2019)

#5

best business job: financial manager (U.S. News & World Report)

Why USF for Risk Management & Insurance?

The University of Saint Francis has a long-standing history of preparing business leaders to succeed by aligning our programs with the demands of an evolving business world. One emerging, high-growth area is risk management, so we collaborated with industry experts to develop a rich, interactive program that will teach you to:

  • Identify and analyze risks
  • Conduct risk assessments
  • Use critical thinking and problem solving techniques
  • Recommend risk mitigation techniques

Aside from top-notch academics and a dedicated faculty, one of the greatest benefits of a USF education is the Franciscan values of faith and reason embedded throughout your coursework. You will leave not only ready to become a risk manager, but also with the integrity to serve others as a trusted, ethical financial professional.

From Internship to the Real World

Learn how Nick turned his internship into a full-time position in this video:

Project-Based Learning & Hands-on Experiences

Our RMI program was designed to give you as much hands-on, critical thinking and problem solving experience as possible. You’ll collaborate with classmates on case studies and scenarios — and even help local companies with real-world business challenges.

Risk Management & Insurance Internships

You gain real-world risk management and insurance experience in a professional setting through internships at partner sites, such as:

  • American Speciality Insurance & Risk Services, Inc.
  • Ash Brokerage
  • Lincoln Financial Group
  • MedPro Group
  • Northwest Mutual
  • Physicians Health Plan of Northern Indiana

Faculty & Facilities

Our business professors and instructors are experts in their field of study and have a diverse range of professional backgrounds and research interests. You will also get to learn, study and spend time at the USF Business Center in downtown Fort Wayne, which features high-tech learning spaces, a Finance Lab, the Cougar Cafe and more.

What You Can Do With a Risk Management Certification

Graduates with an RMI background are in high demand. You’ll have the skills to not only become a risk manager, but to work in a range of financial and insurance-related positions, such as:

  • Account representative
  • Agency marketing specialist
  • Auditor
  • Benefits specialist
  • Credit analyst
  • Director of risk management
  • Farm insurance specialist
  • Field agent
  • Life and health specialist
  • Loss control specialist
  • Office claims representative
  • Operations associate
  • Risk control specialist
  • Senior risk management consultant
  • Underwriter

With time and experience, you could advance into senior leadership or executives roles, such as a director, vice president or partner.

Where You’ll Find Our Graduates

USF risk management and insurance students are leading the way at companies like:

  • American Specialty Insurance
  • Ash Brokerage
  • Brotherhood Mutual Insurance Company
  • Central Insurance Companies
  • DOXA Insurance Holdings
  • Hylant Group
  • Indiana Farm Bureau Insurance
  • Liberty Mutual Insurance
  • Physician Health Plans of Northern Indiana, Inc.
  • Northwest Mutual
  • STAR Financial Bank
  • Yoder Insurance Solutions

The professors are great. Because they work in the field, they bring in a wealth of knowledge. Their stories and experiences gave me a realistic understanding of the profession and helped me find the right niche in the business world.
William Blume ’19
Risk Management and Insurance major

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Academic Plan

An academic plan is a general blueprint showing how one might complete the degree, semester by semester. Get an idea on what each semester could look like.

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