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    Sep 19, 2021  
2020-2021 Undergraduate Catalog 
    
2020-2021 Undergraduate Catalog [ARCHIVED CATALOG]

Risk Management and Insurance B.S.


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The Risk Management and Insurance major prepares individuals to plan, manage, and analyze the financial and monetary aspects of the insurance industry. It provides a broad based, analytical program for students anticipating a career in either the property casualty insurance or life/health insurance fields. The curriculum in risk management and insurance provides students with the knowledge necessary to analyze the impact of risk and uncertainty upon people, businesses and society. Graduates in risk management and insurance find a variety of career opportunities open to them as risk analysts within the business community and government; as brokers/agents providing professional risk management counseling and market placement services for clients; as consultants and personal financial planners; and in the underwriting, marketing, claims adjusting, planning, governmental relations, and financial management activities of insurers.

The major is designed to ensure that graduates are familiar with the tools of risk management and insurance decision making and that they possess the skills to stay abreast of the developments in the field. It includes preparation in principles of accounting, financial instruments, capital planning, asset and debt management, budgeting, financial analysis, and investment portfolio management. Risk Management and Insurance graduates will understand the functions and operations of insurance providers. Course content is designed to provide majors with an appreciation of cooperative work skills and to enhance their verbal and written communication skills.

University Admissions


Admission to the program is based on the University’s Undergraduate Admission Requirements that may be found by clicking on the following urls:

Admission Standards for the Program


To matriculate to the upper-division courses required for the B.S/RMI, students must earn a minimum grade of C- in the following courses and an overall 2.0 GPA in all seven (7) courses:

  • Financial Accounting: ACG X021/ACG X022 (or ACG X001 & ACG X011)
  • Managerial Accounting: ACG X071 (or ACG X301)
  • Computers in Business: CGS X100 (or acceptable substitute)
  • Principles of Macroeconomics: ECO X013
  • Principles of Microeconomics: ECO X023
  • Elementary Calculus: MAC X233 or MAC X230
  • Statistics: QMB X100 or STA X023 or STA X122

State Mandated Common Course Prerequisites


  • ACG X021 or ACG X022 or (ACG X001 & ACG X011) Principles of Financial Accounting - 3 credit hours
  • ACG X071 or ACG X301 - 3 credit hours
  • CGS X100 or CGS X100C or CGS X570 or CGS X060 or CGS X531 or CGS X000 or ISM X000 or CGS X518 - 3 credit hours
  • ECO X013 - 3 credit hours
  • ECO X023 - 3 credit hours
  • MAC X233 Elementary Calculus or MAC X230 - 3-4 credit hours
  • STA X023 or QMB X100 or STA X122 - 3-4 credit hours

FOR ALL MAJORS: Students are strongly encouraged to select required lower division electives that will enhance their general education coursework and that will support their intended baccalaureate degree program. Students should consult with an academic advisor in their major degree area.

Required Courses: (57 credit hours)


Supporting Required Courses: 3 courses; 9 credit hours


Business Foundation Courses: 9 courses; 27 credit hours


A minimum grade of C- in each Foundation course with an overall 2.0 GPA is required.

Required of ALL Business majors.

Major Required Electives: 6 credits


Electives may be selected from among those 3000 or 4000 level classes that have RMI or FIN as prefixes, as well as MAN 3240 , MAN 4802 , and MAR 3400 .

GPA Requirements


  • Students must earn a 2.0 GPA on all major coursework at USF and have an overall 2.0 major GPA, including any applicable transfer work.
  • In computing entry grade point average, all business and economics courses taken for S or U grades will be converted to C or F, respectively.

Grading Requirements


Within the 120 credit hour program, students must complete a minimum of 21 hours of upper-level Risk Management and Insurance coursework with a grade of C not C- in all courses, including FIN 3403 .

D/F Policy


All students entering USF for the first time in Fall 2017 or later, who subsequently earn three (3) D and/or F grades in any or any combination of the following courses at USF will be required to change their major to a major more appropriate to their goals and academic performance and to a major not conferred by the Muma College of Business. The courses are: ACG 2021 ACG 2071 CGS 2100 ECO 2013 ECO 2023 MAC 2233  (or equivalent), and QMB 2100  (or equivalent). 

Other Requirements


Major Residency


Students must complete 15 hours of upper-level Risk Management and Insurance requirements in residency at USF.

College Residency


Muma College of Business residency requirements for graduation exceed the minimum requirements established for USF. Students are required to complete satisfactorily at USF a minimum of 50 percent (30-33 credit hours depending on major) of required Business courses, including 12-18 credit hours in the major field. Normally, independent study and independent research courses do not fulfill this requirement.

Research Opportunities


Undergraduate students in any degree program are able to participate in undergraduate research. Several options exist to show mentored undergraduate research activity on a student’s official transcript. Those who wish to enroll in an undergraduate research course should consult with their academic advisor to understand how the credit will apply towards the degree requirements. If no credit is needed, students may be eligible to enroll in the 0-credit IDS 4914  course. This course will not impact degree credits or GPA but will show on an official transcript and document the experience. The Office of Undergraduate Research is able to assist with further inquiries.

Internship Opportunities


Advising Information


Tampa Campus Location:  BSN 2102
(813) 974-4290 or schedule an advising appointment online at https://www.usf.edu/business/undergraduate/advising/appointments.aspx

Office Hours:
Monday - Thursday 8:00am - 6:00pm
Friday 8:00am - 4:00pm (Friday is reserved for walk-in’s only)
Please refer to website for most current office hours and advising availability information: https://www.usf.edu/business/undergraduate/advising/

For questions email bsnadvising@usf.edu
Be sure to include your name, U#, and contact information with your question.

St Petersburg Campus Location:  DAV 134
Mon-Thu: 8:00a.m. – 6:00p.m.
Fri: 8:00a.m. – 5:00p.m.
(727) 873-4511 advising@usfsp.edu
Website:  https://stpetersburg.usf.edu/academic-advising

Sarasota Manatee Campus Location:  SMC C107
(941) 359-4330 sar-advising@sar.usf.edu
Website:  www.usfsm.edu/academics/academic-resources/academic-advising/

4 Year Plan of Study - Risk Management and Insurance B.S.


NOTES:

 

 

Potential Entry Level Job Titles:

  • Underwriter
  • Insurance Underwriter
  • Insurance Broker

Potential Entry Level Salary Range:

  • $59,000 - $63,000

Year 1


Semester 1 (Fall)


Total Credit Hours: 15

Semester 2 (Spring)


Total Credit Hours: 15

Semester 3 (Summer)


Please consider pursing High Impact Practice opportunities this semester such as Education Abroad, Internship Opportunities, Community Engagement, or Research Opportunities.

Questions about opportunities? Schedule an appointment with your academic advisor.

Year 2


Semester 4 (Fall)


Total Credit Hours: 15

Semester 5 (Spring)


Total Credit Hours: 15

Semester 6 (Summer)


Total Credit Hours: 6

Year 3


Semester 7 (Fall)


Total Credit Hours: 15

Semester 8 (Spring)


Total Credit Hours: 12

Semester 9 (Summer)


Total Credit Hours: 3

Year 4


Semester 10 (Fall)


Total Credit Hours: 12

Semester 11 (Spring)


Total Credit Hours: 12

2 Year Plan of Study - Risk Management and Insurance B.S.


NOTES:

Year 1


Semester 1 (Fall)


Total Credit Hours: 12

Semester 2 (Spring)


Total Credit Hours: 15

Semester 3 (Summer)


Total Credit Hours: 6

Year 2


Semester 4 (Fall)


Total Credit Hours: 12

Semester 5 (Spring)


Total Credit Hours: 12

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