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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


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


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


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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