Risk Management and Insurance Bachelor of Business Administration (B.B.A.) Degree

Program Overview

The Risk Management and Insurance major allows students to engage in a highly rewarding career. The program teaches students how to identify, analyze, and manage financial and operational risks that are inherent in both personal and business settings.

Risk Management and Insurance prepares students for employment in three major areas. The first is an insurance company career, working to create and service insurance products for individuals and businesses. The second is the risk management profession. The risk manager of a company anticipates possible losses and develops a plan to survive the risks. The third is insurance agency work, which involves selling and servicing of insurance products.

Students choosing to specialize risk management and insurance have the opportunity to sit for the Ohio property/casualty and/or life/health insurance license exams. They also have the opportunity to earn the University Associate Certified Insurance Counselor (UACIC) designation.

Examples of risk management and insurance career opportunities include:

  • Loss control specialist/underwriter
  • Risk analyst/auditor
  • Claims adjuster/manager
  • Agency sales/service
  • Bank compliance officer

Risk Management and Insurance Coursework

Undergraduate degrees at The University of Akron require a student to complete 120 credits. Please note that some number of electives might be needed in addition to required courses to equal 120 credits. The following are the credits required for Risk Management and Insurance majors:

  • General education requirements(minimum of 42 credits)
  • CBA core and additional business requirements (42 credits)
  • Risk Management and Insurance major coursework (33 Credits) includes the following:
Required (24 credits)
6400:302 Intermediate Corporate Finance 3
6400:338 Financial Markets and Institutions 3
6400:343 Investments 3
6400:414 Risk Management: Property and Casualty 3
6400:415 Risk Management: Life and Health 3
6400:418 Insurance Operations 3
6400:461 Enterprise Risk Management 3
6400:489 Advanced Financial Analytics 3

Electives (9 credits)

  • 6100:497; 6400:200, 6400:323, 6400:417, 6400:436, 6400:437,6400:438, 6400:448, 6400:490; 6400: 494, 6400:495, 6400:499,3250:400, 3250:410, 3470:471, 3470:472, 6500:341, 6600:275

Professional Experience

Application-based courses allow students to develop real world decision-making skills through the introduction of relevant business issues into the classroom and the use of expert guest speakers, case-based analysis, and integration of current events. Paid-for credit internship experiences are available for students to apply classroom learning in real-world settings.

Course Availability

University general education requirements and CBA Core classes are offered each semester, including over the summer. Please note that the number of sections available is often less during the summer semester.

Finance major courses are offered only in the fall and spring semesters. It is important that students work with their assigned adviser to ensure they stay on sequence with their requirements.

Finance Department

Learn about CBA finance students, careers, organizations that have recently hired CBA graduates, and much more on the Finance Department page.

Graduation Requirements

In addition to completing all required courses for their major a student must also maintain certain cumulative GPAs to graduate:

  • 2.3 overall GPA in all courses
  • 2.0 GPA in major courses
  • 2.0 GPA in business and economics courses

Graduation Deadlines

  • Spring Graduation – Apply by December 1
  • Summer Graduation – Apply by April 1
  • Fall Graduation – Apply by July 1

Academic Resources

Resources are available to help you learn more about the school and major, and determine class schedules, requirements, and progress toward you degree.

Before you apply to The University of Akron, contact our Undergraduate Recruiter to answer your questions. Current UA students who want to be admitted to a major should be sure to visit an undergraduate Academic Adviser.

Graduation Planning Summary (GPS). The GPS is a document that lists course titles and additional, supplemental information for you as an Accounting major. When you are admitted to the CBA, you will review the GPS with your adviser, and use it in conjunction with the Degree Progress Report (DPR) (see below). Download your Risk Management and Insurance GPS.

Once you are admitted to The University of Akron, you’ll use the Degree Progress Report (DPR), which is an online tool you can use to view information about your progress toward graduation. DPR outlines your degree requirements, marks completed courses, and shows your remaining coursework.

Tutoring

Once you are a student, The University of Akron and the College of Business offer tutoring services for additional help in many subjects.

  • The University of Akron offers free online tutorials for students to learn to use a variety of software programs, like Microsoft Excel, Word, PowerPoint, Project, Google Docs, and Springboard through Atomic Learning.
  • The CBA offers tutoring on business topics.
  • The main campus library has writing and math Tutoring Services. 

Student Organizations

The College of Business Administration is associated with many student organizations through which you can expand your classroom learning and enhance your leadership, organizational and interpersonal skills. Within these organizations you will meet students from diverse backgrounds and will have opportunities to interact with business professionals, participate in competitions and organize community service projects. Students are encouraged to actively participate in the organization(s) of their choice.