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Risk Management and Insurance, MS

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College of Business Graduate Programs
gradprograms@business.fsu.edu
(850) 644-6458

Learn more from the
Risk Management and Insurance web site.

Recognized as one of the oldest and largest insurance programs in the nation, Florida State University offers a Master of Science in Risk Management and Insurance. Offered entirely online, this program is designed for working professionals who wish to study part-time in order to advance and enhance their careers. Industry professionals must face difficult financial, ethical, legal, and global concerns; our curriculum hones a student's ability to analyze these issues and provides the discipline needed to become a successful manager.

Accreditation

Southern Association of Colleges and Schools, The Association to Advance Collegiate Schools of Business

Method of Delivery

Internet

Time to Completion

All 11 courses in the program can be completed in 24 months.

Careers

Professional development for risk management and insurance industry professionals.

Core Courses

These courses may not be offered every semester.

  • BUL5810 The Legal & Ethical Environment of Business (3)
    This course will create an awareness of the laws and of the legal, political, and social institutions which impact upon business activity.
  • RMI5017 Fundamentals of Risk & Insurance (3)
    This course will develop concepts such as time value of money, statistical analysis, information technology, and management of risk exposure.
  • RMI5018 Alternative Risk Financing (1-3)
    Evaluates how corporations and insurance companies finance risk. It covers the basic financial tools that are used in risk financing, the traditional and alternative risk financing techniques corporations use, and the unique risk financing techniques used by insurance companies.
  • RMI5087 International Risk Management (3)
    This course addresses risk management and insurance from an international perspective.
  • RMI5136 Employee Benefit Plans (3)
    This course studies a managerial approach to employee benefit plans such as group insurance and pensions with in-depth consideration given to funding instruments and variety among plans.
  • RMI5225C Property/Liability Insurance Contract Analysis (3)
    This course will analyze basic commercial property and liability insurance contracts, including commercial property, commercial general liability, crime, inland marine, boiler and machinery, commercial auto and farm policies. The course will focus on both the terms of the contract as well as their usage.
  • RMI5345 Risk Management in the Business Enterprise (3)
    This course studies the application of the risk management process, including risk control and risk financing techniques, to business risk management problems.
  • RMI5710 Insurance Company Operations (3)
    This course provides a detailed examination of the composition, financial structure, and operation of the property-casualty (P&C) insurance industry. While the primary focus of the course is on the U.S. insurance market, it also provides for an overview of Lloyd's of London and the opportunity to examine international insurance issues in more detail.
  • RMI5710C Insurance Company Operations (3)
    This course covers the fundamentals of risk, the management of pure risk, insurance mechanisms, insurer operations and the evolution of risk management.
  • RMI5720C Insurance Accounting & Finance (3)
    This course is a survey of accounting and finance, financial statement analysis, and statutory requirements for insurance companies.
  • RMI5810 Personal Financial Planning (3)
    Focus on individual/family financial planning including risk analysis, wealth accumulation, and retirement planning.

Total Credit Hours

33

Prerequisites

The following are required for the Admissions Committee to consider your application:

  • Undergraduate academic record to include grades and the trend and direction of grade performance.
  • GMAT (preferred) or GRE exam scores
  • TOEFL or IELTS exam score for international applicants whose native language is not English, regardless of academic background.
  • Recommendation by your supervisor, which should speak specifically to your ability to successfully complete the program and provide an accurate assessment of your executive and leadership potential.
  • Management, business, and leadership experience as detailed in an up-to-date resume.
  • Applicant statement essay question responses regarding your educational and career objectives.
Cohorts of new students begin each May. Students wishing to apply should submit all needed materials by March 1.

The College of Business now waives the GRE/GMAT requirement for experienced applicants meeting certain career and education qualifications. For more information, including how to request a waiver, visit http://business.fsu.edu/academics/graduate-programs/gmat-gre-waive-info.

Application Procedures

Applicants should send Official GMAT or GRE scores and, if applicable, a copy of the TOEFL or IELTS scores directly to the FSU College of Business Graduate Office. The applicant statement, a current resume, and one recommendation from your supervisor.

Fees

The program cost for the 2016-2017 school year is $600.00 per credit hour plus applicable fees. This rate is for all incoming students regardless of location. For further questions regarding tuition and fees, please contact the department.

Fall 2017 Course Offerings

  • BUL5810 The Legal & Ethical Environment of Business (3)
    This course will create an awareness of the laws and of the legal, political, and social institutions which impact upon business activity.
  • MAN5716 Business Conditions Analysis (3)
    Problems of managing the firm in relation to the changing economic environment. Analysis of major business fluctuations and development of forecasting techniques.
  • RMI5225C Property/Liability Insurance Contract Analysis (3)
    This course will analyze basic commercial property and liability insurance contracts, including commercial property, commercial general liability, crime, inland marine, boiler and machinery, commercial auto and farm policies. The course will focus on both the terms of the contract as well as their usage.
  • RMI5810 Personal Financial Planning (3)
    Focus on individual/family financial planning including risk analysis, wealth accumulation, and retirement planning.

Summer 2017 Course Offerings

  • RMI5017 Fundamentals of Risk & Insurance (3)
    This course will develop concepts such as time value of money, statistical analysis, information technology, and management of risk exposure.
  • RMI5087 International Risk Management (3)
    This course addresses risk management and insurance from an international perspective.
  • RMI5720C Insurance Accounting & Finance (3)
    Prerequisite: RMI5017.
    This course is a survey of accounting and finance, financial statement analysis, and statutory requirements for insurance companies.


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