Undergraduate Minor - Minor in Insurance and Risk Management

Program:
Minor in Insurance and Risk Management
Program Code:
6083 Insurance and Risk Management
Program Level:
Undergraduate
Award Type:
Minor Undergraduate
Start Term:
FS17
College:
Eli Broad College of Business and The Eli Broad Graduate School of Management
Department:
Department of Finance
Relevant Excerpt(s) from Academic Programs:


Excerpt from the official Academic Programs Catalog:

Listed below are the approved requirements for the program from the official Academic Programs Catalog.
Students must consult their advisors to learn which specific requirements apply to their degree programs.
Following this section are the requirements as represented in Degree Navigator, MSU's online advising tool. The Degree Navigator section is only available for programs using Degree Navigator for degree certification.

The Eli Broad College of Business and The Eli Broad Graduate School of Management

Department of Finance

Undergraduate Programs
Minor in Insurance and Risk Management

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 as an elective 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.

Admission

Students who plan to complete the requirements of the minor should consult the undergraduate adviser in the Department of Finance to apply. To be admitted to the minor students must have completed two of the following courses with a grade-point average of 3.0 through selection of a course from item a. and a course from item b.:
a. STT 315 Introduction to Probability and Statistics for Business 3
STT 351 Probability and Statistics for Engineering 3
STT 421 Statistics I 3
STT 441 Probability and Statistics I: Probability 3
b. FI 311 Financial Management 3
FI 320 Introduction to Finance 3

Requirements for the Minor in Insurance and Risk Management

Students must complete 15 credits from the following:
 
1. At least two of the following courses (5 or 6 credits):
EC 301 Intermediate Microeconomics 3
EC 330 Money, Banking, and Financial Markets 3
FI 312 Introduction to Investments 3
FI 321 Theory of Investments 3
FI 413 Management of Financial Institutions 3
FI 414 Advanced Business Finance (W) 3
MKT 319 Marketing Research 3
SCM 475 Supply Chain Decision Modeling 2
2. All of the following courses (9 credits):
FI 380 Principles of Insurance and Risk Management 3
FI 480 Financial Risk Management 3
FI 481 Crises, Insurance, and Risk Management 3


 
Degree Requirements from Degree Navigator.

NOTE: Degree Navigator is an advising tool only and should not be viewed as a contract with the student. Any questions about the requirements should be directed to an academic advisor.


Insurance and Risk Management, MNUN (6083)

Required Credits: 15    Program Version: FS17

Requirement 1: Minor - Insurance and Risk Management - Required Elective
Minor - Insurance and Risk Management - Required Elective: 2 courses from EC301, EC330, FI312, FI321, FI413, FI414, MKT319, SCM475

Requirement 2: Minor - Insurance and Risk Management - Principles of Insurance and Risk Management
Minor - Insurance and Risk Management - Principles of Insurance and Risk Management: 1 course from FI380

Requirement 3: Minor - Insurance and Risk Management - Financial Risk Management
Minor - Insurance and Risk Management - Financial Risk Management: 1 course from FI480

Requirement 4: Minor - Insurance and Risk Management - Crises, Insurance, and Risk Management
Minor - Insurance and Risk Management - Crises, Insurance, and Risk Management: 1 course from FI481

Requirement 5
15 credits required to complete this degreeThe specified coursework in this program may not equal this total. The difference must be made up of open options which must be acceptable within the limits of this program. In cases of doubt, please consult an academic advisor.