The Risk Management & Insurance - On Hold

Students are no longer 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 send us an email

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 & Insurance 

  • Insurance Underwriting and Claims Management
  • Insurance Sales and Brokering
  • Corporate Risk Management
  • Banking and Financial Services
  • Governance and Compliance
  • Employee Benefits

6 credit hours - Choose one of the following courses on two courses: FINANC 2000 or FINANC 3000.

COURSE DESCRIPTIONCOURSE DETAILS

FINANC 2000: Survey of Business Finance

An overview of the global financial system, financial markets, financial institutions, and principles of financial management.

  • 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

FINANC 3000: Corporate Finance

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.

  • 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 enroll in the additional courses:

COURSE DESCRIPTIONCOURSE DETAILS

FINANC 4630: Introduction to Risk Management and Insurance

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.

  • 3 Credit Hours
  • Pre-requisites or Co-requisites: FINANC 2000 or FINANC 3000
  • Course offered in the Spring and Fall semesters

6 credit hours - Choose two of the following courses on this section:

COURSE DESCRIPTIONCOURSE DETAILS

FINANC 4620: Investment Strategy of Warren Buffett

Survey and application of the investment philosophy and valuation methods of Warren Buffett.

  • 3 Credit Hours
  • Pre-requisite: FINANC 3000. Co-requisite: FINANC 4020.
  • Course offered in the Spring and Fall semesters

FINANC 4632: Principles of Commercial Property and Liability Insurance

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.

  • 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

FINANC 4640: Enterprise Risk Management

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.

  • 3 Credit Hours
  • Pre-requisite: FINANC 4630, or permission of instructor
  • Course offered in the Spring semester only

MRKTNG 3410: Personal Selling

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.

  • 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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Quick Facts

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Program Type

Undergraduate
school

Academic Department

Management Department
schedule

Credit Hours

12 hours

Next Steps

Undergraduate Programs

110 Cornell Hall 

University of Missouri 

Columbia, MO 65211

Phone: (573) 884-2823
Email: business@missouri.edu

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