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Bachelor of Science in Risk Management and Insurance

The Essentials of a Bachelor of Science in Risk Management and Insurance Degree Program

Bachelor of Science in Risk Management and Insurance

We are living in a very harsh world. Climate change has led to hurricanes and more violent storms which in turn result to floods and landslides. Earthquakes are unexplained more frequent. Tough times due to inflation lead to a higher crime rate such as that of theft. The risky times has made the demand for insurance coverage and policies a lot higher. This is why a Bachelor of Science in Risk Management and Insurance degree has become very popular nowadays.

Course Introduction

The degree program will equip students with both theoretical and applied knowledge required to become a leader in the field of insurance and risk management. They will also be armed with work ethics, technological competency, and confidence that will allow them to face and overcome the challenges the occupation may present to them. The course will provide them with the knowledge and skills to allow them to be major players in the sector of insurance and financial services.


Risk managers and insurance consultants are often employed by large business which is why the degree program is filled with several basic and advance business courses and liberal studies. The first two years supply the basics needed to introduce the student to the world of business and finance. The higher years will deal with giving the student what he needs to succeed in the real world. He will be instructed in all insurance and risk management subjects and will also study financial planning subjects. The ultimate goal of the course is to provide the student with everything he needs to pass the licensure exams.


Colleges and universities offering a Bachelor of Science in Risk Management and Insurance degree program are required to form partnerships with industry professionals, business entities, and financial organizations that can provide support for their students. Such support may include one or more but is not limited to the following:

  • Paid Internships

These will provide first-hand experience opportunities that will help students realize what they should expect when they graduate and start practicing their profession.

  • Mentor Relationships

This will allow students to learn from the latest generation of industry executives that have managed to make an impact on the field.

  • Scholarship Awards

These will serve as an incentive for the gifted and hardworking students. It will also allow the underprivileged to pursue their studies.

  • Industry Network

The students should be able to attend industry events such as seminars and workshops that can deepen their knowledge and enhance their skills.

  • Personalized Advise

The students should be given advice by a faculty member at a personal level about any concerns they may have in regards to their study and career.


The insurance industry is worth more trillions of dollars and recent studies by the American Bureau of Labor Statistics indicate that almost three million Americans are employed by the said industry. The average weekly earnings of insurance and risk management related workers is $1,400. Diversity is another advantage of the degree program. Every entity is exposed to risks and therefore also has the need to manage such risks. This is why graduates of the course have very easy time finding employment. Common institutions that require degree holders of the program are;

  • Banks

  • Consultation Organizations

  • Financial Planning Offices

  • Government Agencies

  • Large Corporations

  • Human Resource Departments

  • Insurance Brokerages

  • Insurance Companies

  • Regulatory Entities