Haub School of Business

Department of Finance

Why Risk Management and Insurance?
The financial crisis of 2008 makes the importance of risk management abundantly clear. Improving risk management suddenly became a top priority of executives, ahead of short- and long-term access to capital, of many of the top corporations. The Risk and Insurance Management Society (RIMS) contends that the crisis resulted from a system-wide failure to embrace appropriate enterprise risk management behaviors, develop and reward internal risk management competencies, and use enterprise risk management to inform management's decision making both for risk-taking and risk-avoiding decisions. RIMS believes better risk management could have identified and mitigated, it not prevented, the major losses many corporations had. Risk management is now more important than ever and companies world-wide recognize that.

Career Opportunities

Risk management and insurance is recognized as an important and growing field by all types of corporations, hospitals, and government units. There are numerous different career paths with a degree in RMI. Some of which include: business analyst, business risk consultant, client manager, casualty claims rep, hedge fund trader, cost analyst, underwriter, risk analyst, insurance sales associate, lender associate, and many more!

Skill Sets Acquired

Students who choose a path of risk management and insurance are often rewarded with many new skill sets associated with learning RMI. Some of the skills that students leave the program with are: leadership, critical thinking, analytical skills, sound decision making, ability to forecast and assess risk, strong oral and written communication, problem solving skills, attention to detail, interpersonal and cross cultural skills, effective organizing and planning, computer literacy, and many more!