2024-2025 Catalog
Risk Management and Insurance (RMIN-BS), B.S.
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Bachelor of Science
The Risk Management and Insurance program prepares students for a range of careers in a dynamic and growing industry, including such jobs as risk manager, underwriting, claims, loss prevention, and insurance agent. Students receive a diverse business education, complemented with a risk management and insurance concentration that includes flexibility for students to create their own area of emphasis. Areas of study include: risk management, personal and commercial insurance, marketing, sales, insurance operations, law, and employee benefits. Students will also be able to obtain practical experiences and networking by completing an internship. Students earn exam waivers toward the coveted Chartered Property & Casualty Underwriter (CPCU) designation, and may also obtain their property and casualty producers license.
The Bachelor of Science, Risk Management and Insurance degree is fully accredited by the Accreditation Council for Business Schools & Programs (ACBSP). acbspsearch.org
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Program Outcomes
- Insurance Professional Designations - Achieve tangible progress toward recognized insurance industry professional designations.
- Risk Management Process - Apply the six-step risk management process to a case and formulate appropriate risk assessment, risk control, and risk financing measures.
- Strategy - Design and execute a viable strategy for insurance company operations.
- Insurance Solutions - Evaluate and recommend appropriate insurance solutions for a range of property, casualty, life, and health loss exposure cases.
New Student Admission Requirements
2.50 High School GPA (on a 4.00 scale)
- SAT Scores - Two of the Three Criteria:
- ERW SAT score of 450 or higher.
- Math SAT score of 500 or higher. Placement in MATH 109 or MATH 110 will be considered (Math SAT score of 480 or higher).
- Composite SAT of 900 or higher.
- ACT Scores - Two of the Three Criteria:
- English ACT score of 16 or higher.
- Math ACT score of 19 or higher.
- Reading ACT score of 19 or higher.
Transfer Student Admission Requirements
- Combined college or university GPA of 2.35 (on a 4.00 scale) from all institutions attended. GPA based on completion of 12 credit hours or more.
- Transfer equivalency for Ferris State University’s ENGL 150 or placement during the first semester at Ferris State University which would require an English ACT score of 16 or higher; or ERW SAT score of 450 or higher; or English Accuplacer score of 6 or higher.
- Transfer equivalency for Ferris State University’s MATH 114 or MATH 115 or placement during the first semester at Ferris State University which would require a Math ACT score of 19 or higher; Math SAT of 500 or higher; or Math Accuplacer scores: Elementary Algebra score 75 or higher and College Level Math 0 to 49.
University Requirements - 39 to 41 Credits Required
First Year Seminar Requirement (FSUS 100 or Equivalent) - 0 to 1 Credit Required
All First-Time-In-Any-College Freshmen (FTIACs) must complete a one-credit FSUS 100 course, or its equivalent. Additional information and the definition of FTIAC for FSUS purposes can be found in the: Ferris State University Academic Affairs FSUS Policy
University General Education Requirements - 39 to 40 Credits Required
Courses in this section are required to satisfy the University General Education Requirements for a bachelor’s degree. The University General Education requirements can be found on the: Ferris State University General Education Requirements Webpage
Communication Competency - 12 Credits Required (or Their Equivalent)
Quantitative Literacy Competency - 3 to 4 Credits Required (or Their Equivalent)
Natural Sciences Competency - 6 Credits Required
Two courses are required with a minimum of 6 credits: must have at least one lab course. Culture Competency - 9 Credits Required
Three courses are required with a minimum of 9 credits: must be from two different disciplines, have at least one 200 level or higher course, and have no more than 5 credits from Cultural Competency Activities. Self and Society Competency - 9 Credits Required
Three courses are required with a minimum of 9 credits: must be from two different disciplines and have at least one 200 level or higher course. United States (U.S.) Diversity Competency - 1 Course Required
If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the United States (U.S.) Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes. Global Diversity Competency - 1 Course Required
If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the Global Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes. Collaboration Competency - Courses Required Met in College Requirements
If not met by courses taken in the College Requirements section, a student must have two courses with the Collaboration attribute. Some courses include both Collaboration and Problem Solving attributes. Problem Solving Competency - Courses Required Met in College Requirements
If not met by courses taken in the College Requirements section, a student must have two courses with the Problem Solving attribute. Some courses include both Collaboration and Problem Solving attributes. College Requirements - 81 Credits Required
Business Core Requirements - 30 Credits Required
These courses are used to calculate the core 2.00 GPA requirement. Major Courses - 27 Credits Required
These courses are used to calculate the major 2.00 GPA requirement. Minor or Risk Management and Insurance Area of Emphasis - 18 Credits Required
A minimum of 18 credits is required, choose one of the following:
- A minor; see the Minor section.
- The Risk Management and Insurance Area of Emphasis; see the Risk Management and Insurance Area of Emphasis section.
Minor - 18 Credits Required
These courses are not used to calculate the major 2.00 GPA requirement. Risk Management and Insurance Area of Emphasis - 18 Credits Required
These courses are used to calculate the major 2.00 GPA requirement. Additional Requirements - 6 Credits Required
These courses are used to calculate the major 2.00 GPA requirement. Notes
- Students who return to the university after an interrupted enrollment, not including summer semester, must normally meet the requirements of the curriculum which are in effect at the time of their return, not the requirements which were in effect when they were originally admitted.
- Credit Variance - Credits required may vary based on course placement, prerequisites, etc. If you have questions, contact your advisor.
Graduation Requirements
In order to graduate from Ferris State University, students must meet both University and Programmatic Graduation Requirements. University Graduation Requirements
These are the minimum graduation requirements for a bachelor’s degree at Ferris State University:
- All requirements as specified in the University Requirements section must be met.
- A minimum of 120 credits must be earned.
- A 2.00 or higher cumulative Ferris State University GPA is required.
- A minimum of 30 credits must be earned from Ferris State University to meet the Residency requirement.
- A minimum of 40 credits of 300 level or higher courses must be earned.
Programmatic Graduation Requirements
These are the additional graduation requirements mandated by the program:
- All requirements as specified in the College Requirements section must be met.
- A 2.00 or higher cumulative GPA is required in the Business Core Requirements section.
- A 2.00 or higher cumulative GPA is required in the Major Courses, Risk Management and Insurance Area of Emphasis (if chosen), and Additional Requirements sections.
Suggested Semester Layout
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