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Risk Management and Insurance

Department of Finance and General Business  


For More Information


Missouri State University
901 South National Avenue
Springfield, Missouri 65897
Office: 417-836-5504
Fax: 417-836-6224
Email: FinanceandGeneralBus@
missouristate.edu

http://www.missouristate.edu/fgb

Career Preparation

The insurance industry provides a wide range of interesting and financially rewarding careers. The insurance industry is made up of two major divisions that provide products and services to their customers – the first, property and liability insurers; the second, providers of financial services that include life and health insurance, pension planning, estate planning, and investment management. Consequently, a career in the insurance industry may include, but is not limited to, direct selling. Positions span areas such as actuarial, underwriting, claims, security analysis, human resources, accounting and computer information systems as well as other careers found in large and small companies in this country.

Academic Program

In keeping with today’s trend for the insurance industry and the needs of business and governmental organizations to manage risk, Missouri State provides for a major in Risk Management and Insurance. This permits the student who desires a risk management/insurance specialization to follow a program that includes courses in finance, financial planning, real estate, and investments; plus courses in life and health insurance, property and liability insurance, employee benefits, and estate planning. All persons majoring in a College of Business (COB) program complete courses in accounting, computer information systems, management, marketing, administrative office systems, finance, business law and statistics. To encourage students to broaden their academic preparation, COB recommends all its majors complete at least one half their courses outside COB.

Admission to COB is limited to a total of 2,000 majors at the combined junior and senior levels. Admission decisions are determined by each applicant’s combined GPA (Missouri State plus transfer). However, all applicants whose combined GPA is 2.50 or higher will be admitted to COB. (See the Missouri State Catalog.)

Actuarial Science

Students may pursue a career as an actuary, choosing a major and minor in related areas and selecting appropriate electives. Students interested in actuarial science typically major in Mathematics and minor in Insurance. Help in preparing for the early actuarial exams is available through the Department of Mathematics. For more information, contact the Department of Mathematics or the Department of Finance and General Business.

Courses

Students majoring in Insurance and Risk Management will choose from the following courses. Please consult the Missouri State Catalog online at www.missouristate.edu/catalog for specific course descriptions.

Finance and General Business 

  • BUS 135: Introduction to Business
  • BUS 200: Topics in General Business
  • BUS 305: Service Learning in Business
  • BUS 307: Business in the Community
  • BUS 394: Cooperative Education in FGB
  • BUS 397: Topics in Business
  • BUS 494: Internship
  • BUS 510: E-Business and Online Entrepreneurship
  • FIN 150: Personal Finance
  • FIN 380: Financial Management
  • FIN 381: Personal Financial Planning
  • FIN 384: Financial Markets and Intermediaries
  • FIN 390: Intermediate Financial Management
  • FIN 480: Financial Decision Making
  • FIN 484: Management of Banking
  • FIN 485: Investments I
  • FIN 487: Investments II
  • FIN 496: Readings in Finance 
  • FIN 581: Professional Financial Planning
  • FIN 582: International Financial Management
  • FIN 586: Financial Analysis
  • FIN 595: Financial Markets Study Tour
  • FIN 596: Research Issues and Problems: Finance
  • FIN 599: Directed Study for CFA Level I Exam



 

Real Estate, Insurance and Law

  • BUS/LAW 550: Negotiation, Mediation, and Arbitration in Business
  • FIN 266: Principles of Real Estate
  • FIN 367: Principles of Real Estate Appraisal
  • FIN/LAW 368: Real Estate Law
  • FIN 369: Real Estate Development
  • FIN/INS 538: Introduction to Estate Planning
  • INS 211: Insurance
  • INS 312: Life Insurance
  • INS 313: Property and Liability Insurance
  • INS 314: Employee Benefits and Social Insurance
  • INS 397: Insurance Topics
  • INS 415: Risk Management
  • LAW 231: Legal Environment of Business
  • LAW 332: Debtor and Creditor Rights and Remedies
  • LAW 335: Business Enterprises, Rights/Liabilities
  • LAW 341: Legal Research and Writing
  • LAW 531: Labor Law and Employment Discrimination
  • LAW 537: Environmental Regulation  

Faculty

The Department of Finance and General Business is housed in Glass Hall, the university’s state-of-the-art business facility. An impressive faculty teaches the insurance and related courses. Some have academic preparation from the leading insurance colleges; others provide a balance of professional experience and academics. Students majoring in Risk Management and Insurance are assigned advisors in the Business Advisement Center who have expertise in the students’ particular areas of interest.

Opportunities

Students are invited to become members of the Missouri State chapter of Gamma Iota Sigma, the national insurance, risk management, and actuarial science fraternity. Membership encourages students to network with industry representatives and develop social and leadership skills. Through Gamma Iota Sigma, students are able to increase their professional interest in insurance, risk management, and the actuarial sciences. Industry speakers, field trips, preparation of the annual "Resume Book," and social events are activities normally included in the fraternity’s annual program.