The Risk Management and Insurance Certificate program is currently on hold. Students are no longer be able to declare this certificate program on their academic plan. Students who previously declared the RMI Certificate before this change went into effect will be able to complete the program coursework. If you have any questions, please email mubusrmai@missouri.edu .
The Risk Management and Insurance certificate program will focus on identifying, accessing and managing risks facing businesses and organizations. Organizations that manage risk well are more likely to be successful than those that do not. Effective risk management requires a solid understanding of the sources, dimensions and qualities of risk, as well as the development and implementation of efficient techniques to mitigate, control or avoid those risks. Gain these skills and become competitive in the field of risk management and insurance.
By the time students graduate, they should be able to identify and analyze typical operational and financial risks faced by organizations, assess and quantify organizational risks, analyze and address deficiencies in corporate insurance coverages, develop strategies for brokering corporate insurance, and understand how insurance companies operate.
Students who finish the 12 credit-hour curriculum with a minimum 3.0 cumulative GPA will receive the Certificate in Risk Management and Insurance upon completion of their bachelor's degree.
Careers in Risk Management and Insurance
- Insurance Underwriting and Claims Management
- Insurance Sales and Brokering
- Corporate Risk Management
- Banking and Financial Services
- Governance and Compliance
- Employee Benefits
Required Courses
(6 CREDIT HOURS) - CHOOSE ONE OF THE FOLLOWING COURSES IN THIS SECTION:
An overview of the global financial system, financial markets, financial institutions, and principles of financial management.
Course Details:
- 3 Credit Hours
- Pre-requisites: Students admitted to College of Business upper level degree program cannot enroll
- Course offered in the Spring, Summer, and Fall semesters
Financial decision-making in a corporate environment. Time value of money, capital budgeting, cost of capital, working capital management and financial instruments issued by the firm.
Course Details:
- 3 Credit Hours
- Pre-requisites: Completed 45 semester hours; STAT 2500 (or STAT 2200 AND STAT 1200 or STAT 1300 or STAT 1400); ECONOM 1014; ECONOM 1015 OR ECONOM 1051H
- Co-requisites: ACCTCY 2027 or ACCTCY 2037 or ACCTCY 2137H
- Course offered in the Spring, Summer, and Fall semesters
AND TAKE THE ADDITIONAL COURSE:
Basic principles of risk management and insurance focusing on operational risks faced by organizations. Covers terminology, sources, dimensions, characteristics, measurement, and assessment of risk along with design and implementation of techniques to mitigate and control risk.
Course Details:
- 3 Credit Hours
- Pre-requisites or Co-requisites: FINANC 2000 or FINANC 3000
- Course offered in the Spring and Fall semesters
Elective Courses
(6 CREDIT HOURS) - CHOOSE TWO OF THE FOLLOWING:
Survey and application of the investment philosophy and valuation methods of Warren Buffett.
Course Details:
- 3 Credit Hours
- Pre-requisite: FINANC 3000. Co-requisite: FINANC 4020.
- Course offered in the Spring and Fall semesters
The objective of this course is to examine the principles and key elements of commercial property and liability insurance. The primary emphasis will be on the property and liability loss exposures faced by organizations and the corresponding types of insurance for covering those loss exposures. This course qualifies students who make a "B" or better to receive credit for CPCU 552 Commercial Liability Risk Management and Insurance.
Course Details:
- 3 Credit Hours
- Pre-requisites: FINANC 2000 or FINANC 3000 or FINANC 4630, or permission of the instructor
- Course offered in the Spring and Fall semesters
This course addresses the principles, concepts, key elements and applications of Enterprise Risk Management (ERM) to businesses and other organizations. The principal objective of this course is to prepare students to understand the principles of ERM and to be able to integrate sound risk management principles into their work.
Course Details:
- 3 Credit Hours
- Pre-requisite: FINANC 4630, or permission of instructor
- Course offered in the Spring semester only
Modern selling methods that focus on solving customer problems rather that using manipulative techniques. Principles underlying the sale process. Practical methods for building long-term customer relationships in business-to-business contexts are emphasized.
Course Details:
- 3 Credit Hours
- Pre-requisite or Co-requisite: MRKTNG 3000
- Course offered in the Spring and Fall semesters
Note: Students cannot complete both FINANC 4620 and MRKTNG 3410 as the elective courses for the certificate. Students can only apply one of these courses to the elective requirement.
Application Deadlines
We encourage students to apply as soon as they decide to pursue the certificate program. Please submit the application no later than the cut-off date in the semester of your graduation:
- Spring – May 1
- Summer – July 31
- Fall – December 1
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