2018-2019 Catalog (Current)

Risk Management and Insurance

Degree Type: Bachelor of Science
College(s): College of 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 risk management and insurance concentration that includes flexibility for students to create their own area of emphasis. Areas of study include: personal and commercial insurance, risk management, marketing, sales, customer service, employee benefits, law, insurance company operations, probability, life insurance, health insurance and annuities. Students will also be able to obtain practical, on the job experiences by experiencing an internship as part of their course of study.  In addition, students can earn exam waivers toward the coveted Chartered Property & Casualty Underwriter (CPCU) designation, and may also obtain their property and casualty producers license.


The Risk Management and Insurance faculty 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, claims representatives, loss control professionals, and risk managers.  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 SAT Scores

  • 2.5 High School GPA (on a 4.0 scale)

Two of the Three Criteria:

  1. SAT ERW score of 450 or higher
  2. SAT Math score of 500 or higher.  Placement in MATH 109/110 will be considered (SAT Math score of 480 or higher).
  3. SAT Composite of 900 or higher

New Students ACT Scores

  • 2.5 High School GPA (on a 4.0 scale)

Two of the Three Criteria:

  1. ACT English score of 16 or higher
  2. ACT Math score of 19 or higher
  3. ACT Reading score of 19 or higher

Transfer Students

  • Combined college or university GPA of 2.35 (on a 4.0 scale) from all institutions attended.  GPA based on completion of 12 credit hours or more.  Developmental courses will not be considered in computing the GPA requirement.
  • Transfer equivalency for FSU ENGL 150 or placement during the first semester at FSU which would require an ACT English score of 16 or higher; or SAT ERW score of 450 or higher; or Accuplacer English score of 6 or higher.
  • Transfer equivalency for FSU MATH 114/115 or placement during the first semester at FSU which would require an ACT Math score of 19 or higher; SAT Math score of 500 or higher; or Accuplacer Math scores:  Elementary Algebra score 75 or higher and College Level Math 0-49.  

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

General Education Requirements

All University General Education requirements for a Bachelor’s degree is here

Please consult this link for a complete listing of General Education Electives.

Consult the Required Courses above or the program advisor for program specific General Education requirements.

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
P & C Insurance Licensing
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