Finance and Risk Management Insurance
The Finance & Risk Management Insurance major applies theory to practice using principles of finance, law and mathematics in the transfer and reduction of risk for individuals, corporations and government.
Risk management is the practice of identifying the risks that affect a company's business, and finding ways to mitigate and offset those risks. Risk management tools and techniques help corporations deal with a wide variety of issues and legal concerns.
Major Curriculum
MAJOR CORE CURRICULUM - 22 CREDITS
| Course | Credits | Title & Additional Information |
|---|---|---|
|
ACCT 5101 |
4 |
Intermediate Accounting I (prereq: B- or better in ACCT 2050 or passing the Acct5101 pretest |
|
FINA 4121 (H) |
2 |
Financial Markets and Interest Rates (prereq: FINA 3001) |
|
FINA 4221 |
2 |
Principles of Corporate Finance (prereq: FINA 3001) |
|
FINA 4321 (H) |
2 |
Portfolio Management and Performance Evaluation (prereq: FINA 3001) |
|
FINA 4422 |
2 |
Financial Modeling (prereq: FINA 4221, ACCT 5101) |
|
FINA 4522 |
2 |
Options & Derivatives I (prereq: FINA 4121, 4321 or concurrent) |
|
INS 4100 |
2 |
Corporate Risk Management |
|
INS 4101 |
2 |
Employee Benefits |
|
INS 4200 |
2 |
Insurance Theory and Practice |
PLUS 2 CREDITS FROM THE FOLLOWING:
| Course | Credits | Title & Additional Information |
|---|---|---|
|
BLAW 3058 |
4 |
The Law of Contracts and Agency |
|
FINA 4122 |
2 |
Banking Institutions (prereq: FINA 4121) |
|
FINA 4234 |
2 |
Mergers & Acquisitions in Action: Process & Valuation (prereq: Fina 4422) |
|
FINA 4242W |
4 |
CAPSTONE: Corporate Investment Decisions (prereq: FINA 4121, 4321, 4422, 4522 and ACCT 5101) |
|
FINA 4325 |
2 |
Behavioral Finance (prereq: FINA 4321) |
|
FINA 4329 |
2 |
CAPSTONE: Security Analysis (prereq: FINA 4121, 4321, 4422, 4522 and ACCT 5101) |
|
FINA 4529 |
2 |
CAPSTONE: Derivatives II (prereq: FINA 4522, 4221) |
|
FINA 4621 |
2 |
The Global Economy (prereq: FINA 3001) |
|
FINA 4622 |
2 |
International Finance (prereq: FINA 4121, 4221) |
|
FINA 4920 |
2-4 |
Topics in Finance |
|
FINA 5422 |
2 |
Financial Econometrics & Computational Methods (prereq: Fina 4321, Mktg 3005, IDSc 4110 or concurrent) |
|
FINA 5423 |
2 |
Financial Econometrics and Computational Methods II (prereq: FINA 5422) |
|
HRIR 5654 |
2 |
Public Policies on Employee Benefits: Social Safety Nets |
|
MATH 4065 |
3 |
Theory of Interest (prereq: MATH 1272, 1372, or 1572) |
|
MATH 5067 |
4 |
Actuarial Math (prereq: MATH 4065 and 4-5xxx statistics course) |
|
IBUS 4125 |
2 |
Global Banking: A survey of Regulatory & Competitive Developments Post Financial Crisis (prereq: Fina 4121 and approved education abroad application) |
Please note that all classes are not offered every semester. Please check the class schedule on One Stop for details.
Minor Curriculum
MINOR CORE CURRICULUM - 12 CREDITS
| Course | Credits | Title & Additional Information |
|---|---|---|
|
INS 4100 |
2 |
Corporate Risk Management |
|
INS 4101 |
2 |
Employee Benefits |
|
INS 4200 |
2 |
Insurance Theory & Practice |
PLUS 6 ADDITIONAL CREDITS FROM THE MAJOR REQUIRED OR ELECTIVE COURSEWORK LIST
Please note that all classes are not offered every semester. Please check the class schedule on One Stop for details.
Career
Finance & Risk Management Insurance
Individuals who enter the combined field of Finance & Risk Management often find themselves analyzing the risk of accidents, incidents, and catastrophes. They are also responsible for monitoring large scale issues and their impact on the economy. Once these risks have been identified, they look for ways to reduce the probability of occurrence. This career will regularly involve working with complex statistical and financial models to design and price insurance policies.
Sample Careers for Finance & Risk Management Insurance Majors:
- Corporate Risk Manager
- Risk Management & Insurance Consultant
- Claims Adjuster
- Loss Control Specialist
- Insurance Agent
- Chief Risk Officer
Companies that Hire Finance & Risk Management Insurance Majors:
- Travelers
- State Farm Insurance
- Ameriprise Financial
- Allianz
- Insurance companies
- Most banks including Wells Fargo and TCF
Sample Plans
Finance & Risk Management Insurance
Risk Management w/ fall semester abroad (junior year)
Risk Management w/ fall semester abroad (senior year)
Risk Management w/ spring semester abroad (junior year)
Risk Management w/ spring semester abroad (senior year)
Student organizations that may interest you:
- Investment and Finance Organization
- Student Accounting and Finance Association
- Stock Trader's Club
- U-Finance
Contact Undergraduate Program
- Email: CarlsonUG@umn.edu