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Risk Management and Insurance

Degree Type: Bachelor of Science
College(s): Business

Why Choose the Risk Management and Insurance BS Degree?

The Risk Management and Insurance program offers students a wide array of career choices in a dynamic and growing industry. The goals of this program are to provide students with a well rounded, broad based business education, complemented with a carefully designed insurance concentration. Areas of study include: real property, personal property, risk management, marketing, sales, customer service, casualty, employee benefits, law, probability, life, health, annuities, and pensions. Students will also be able to obtain practical, on the job experiences by experiencing an internship as part of their course of study.


The Insurance professors have solid academic credentials, and years of practical experience within the industry. The business faculty adds to this exciting field of study by combining their corporate, consulting, and academic experience that will enable them to deliver the courses in a practical and understandable fashion.

Career Opportunities

Employers are eager to hire qualified graduates. Opportunities include positions as agents, field representatives, underwriters, and claims representatives. There are also a wide variety of positions in technology, finance, accounting, marketing, and statistics. Graduates have demonstrated a very high level of job satisfaction, opportunities for creativity, advancement, and excellent growth of income. With the recognition of this program by many national and global insurance organizations, graduates will also have the opportunity to work in various areas of America, and in other countries.

This degree will prepare students for an exciting career within the insurance industry, and it will also provide students with the balance of managerial courses that will prepare them for supervision, management, and leadership roles.

Admission Requirements

New Students: 2.5 high school GPA (on a 4.0 scale) and two of the three criteria below: (1) English ACT score of 16 or higher, or SAT Writing score of 370 or higher; (2) Math ACT score of 19 or higher, or SAT Math score of 460 or higher; (3) Reading ACT score of 19 or higher, or SAT Reading score of 430 or higher.

Transfer Students: Combined college or university GPA of 2.35 (on a 4.0 scale) from all institutions attended. GPA is based on completion of 12 credit hours or more. Transfer equivalency for FSU ENGLISH 150 or placement during the first semester at FSU which would require an ACT English score of 16 or higher; Compass score 70 – 100. Transfer equivalency for FSU MATH 115or placement during the first semester at FSU which would require an ACT Math score of 19 or higher; Compass Algebra score 46 - 74 and HS Algebra with 2.0. 

Exceptions for New and Transfer Students: Applicants not meeting the above criteria but having a 2.35 High School GPA and at least a 16 ACT in Math and Reading and a 13 ACT in English (2.00 Overall GPA for Transfer Students) can be considered for conditional admission in a College of Business Pre-Program. Any mitigating circumstances will be considered on an individual basis by the College of Business Dean’s Office.

Pre-Program students must complete a minimum of 12 FSU credits (excluding developmental courses) with a 2.35 GPA; courses must include ENGL 150 and MATH 115 before being considered for admission into their program of choice. Students must meet admission criteria for their chosen degree program by the time they have earned 30 credits.

More Information:
Additional guidance can be found on the College of Business Webpage under the Admissions tab.

General Education Requirements

All general University General Education requirements can be found here: http://www.ferris.edu/htmls/academics/gened/courses/GenEd-bachelor.pdf

Please consult this link for a complete listing of General Education Electives: https://wwws.ferris.edu/academics/gened/courses/

Graduation Requirements

The Risk Management and Insurance program at Ferris leads to a Bachelor of Science degree in business. Graduation requires a minimum 2.0 GPA in business core classes, the major courses and overall.

More Information

Ferris State University
College of Business
Management Department
119 South Street, BUS 212
Big Rapids, MI 49307
Phone: 231-591-2427
Email:

Required Courses
Credit Hours

Business Core - 30 Credits Required

Princ. of Financial Accounting
3
Princ of Managerial Accounting
3
Contracts and Sales
3
Integrating Experience
3
Financial Management 1
3
Business Information Systems
3
Applied Management
3
Quality-Operations Mgmt
3
Principles of Marketing
3
Introduction to Statistics
3

Major Courses - 36 Credits Required

Complete all of the following courses (21 credits required):
Insurance Law
3
Foundations Risk Mgmt & Insur
3
Commercial Insurance
3
Personal Insurance
3
Insurance Company Operations
3
Risk and Insurance Seminar
3
MGMT Internship
1 TO 9
Area Of Emphasis - Choose 5 courses from the following (15 credits required):
Mathematics of Finance
3
Team Dynamics - Org Behavior
3
Small Business Management
3
Employee Benefits
3
Mgmt Metrics & Decision Making
3
Human Resource Management
3
Risk and Insurance Technology
3
Risk Management
3
Enterprise Risk Management
3
Insurance Agency Operations
3
Risk Analysis and Strategy
3
Directed Elective
15
Additional (6 credits required):
Intro Micro Systems-Software
3
Free Elective
3

University General Education

Communication Competence - 12 credits
Fundamentals-Public Speaking
3
English 1
3
English 2
3
Advanced Business Writing
3
Scientific Understanding - 7-8 credits
Scientific Understanding with Lab
4
Scientific Understanding
3-4
Quantitative Skills - 3 credits
Choose One:
Quantitative Reason for Pro 2
4
or
Intermediate Algebra
3
Cultural Enrichment - 9 credits
Electives (one must be at the 200 level)
9
Social Awareness - 9 credits
Principles of Macroeconomics
3
Principles of Microeconomics
3
Social Awareness Elective
3
College of Business Additional General Education - 9 credits
COMM - Choose One
3
Argumentation and Debate
3
or
Persuasive Speaking
3
or
Tech and Prof Presentation
3
General Education Electives
6
Minimum credit hours required for B.S. degree:
121-122
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