Department of Finance and General Business
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.
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.)
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.
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.
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.
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.