M.A. in Nutrition
The Master of Arts (M.A.) in Nutrition program at Illinois State University is a compre...
B.S. in Risk Management and Insurance
Normal, Illinois
INTAKE: Jan, May & Aug
Program Overview
Illinois State University offers a comprehensive B.S. in Risk Management and Insurance program designed to prepare students for careers in the insurance industry. The program combines theoretical knowledge with practical skills, emphasizing risk assessment, insurance policies, and financial planning to manage risks effectively.
Curriculum: The curriculum is structured to provide students with a solid foundation in risk management principles, insurance regulations, and financial analysis. Core courses cover topics such as insurance law, underwriting, claims management, actuarial science, and risk modeling. Students also learn about enterprise risk management (ERM), cybersecurity risks, and emerging trends in the insurance industry.
Research Focus: Illinois State University encourages a strong research focus within its B.S. in Risk Management and Insurance program. Faculty and students engage in research projects that explore current issues in risk assessment, insurance market dynamics, and regulatory developments. Research opportunities allow students to develop analytical skills and gain insights into industry challenges and innovations.
Industry Engagement: The program maintains active partnerships with insurance companies, industry associations, and professional organizations. Students benefit from guest lectures, networking events, and internship opportunities that provide hands-on experience and industry insights. These engagements ensure that graduates are well-prepared to meet the evolving demands of the insurance sector and pursue successful careers.
Global Perspective: Recognizing the global nature of risk management and insurance, Illinois State University integrates a global perspective into its curriculum. Students examine international insurance markets, comparative insurance systems, and global risk management strategies. Study abroad programs and international internship opportunities further enhance students' understanding of global insurance practices and regulatory environments.
Location
Normal, Illinois
Score
IELTS 6.5
Tuition Fee
USD 27010
Undergraduate Entry Requirements
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.5 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 79 or higher.
- PTE: Overall score of 53 or higher.
- DET (Duolingo English Test): Minimum score of 115.
ISU offers several scholarships and financial aid options for international students to help them pursue their academic goals. These scholarships are based on academic achievements, leadership skills, and other criteria.
International Tuition Waiver: International students who demonstrate exceptional academic performance and show promise for contributing to the ISU community may be eligible for tuition waivers. These waivers can significantly reduce the cost of tuition.
Redbird Academic Scholarship: This scholarship is awarded to incoming undergraduate international students who have outstanding academic records. The scholarship amount varies depending on the student's academic achievements.
Redbird International Ambassador Scholarship: This scholarship recognizes outstanding leadership skills and contributions to the international community. Recipients of this scholarship serve as ambassadors for international students at ISU.
College-Specific Scholarships: Various colleges within ISU offer scholarships for international students pursuing specific academic programs. These scholarships are often based on academic performance and potential for success in the chosen field of study.
Study Abroad Scholarships: ISU encourages international students to engage in study abroad programs to gain global experiences. The university offers scholarships to support international students' participation in these programs.
International students interested in applying for scholarships at ISU should review the specific eligibility criteria and application deadlines for each scholarship.
Graduates of Illinois State University's B.S. in Risk Management and Insurance program are well-prepared for diverse and rewarding careers in the insurance and risk management industry.
Insurance Underwriter: Underwriters evaluate insurance applications, assess risks, and determine coverage amounts and premiums. They analyze data, review policy terms, and collaborate with agents to ensure profitability and manage risk for insurance companies.
Claims Adjuster/Examiner: Claims adjusters investigate insurance claims, verify coverage, assess damages or losses, and negotiate settlements with policyholders. They work for insurance carriers or third-party administrators to resolve claims efficiently and fairly.
Risk Analyst: Risk analysts assess financial risks faced by organizations and develop strategies to mitigate potential losses. They conduct risk assessments, analyze market trends, and recommend risk management solutions to enhance organizational resilience.
Insurance Broker/Agent: Brokers and agents sell insurance policies to individuals and businesses on behalf of insurance companies. They assess client needs, recommend appropriate coverage options, and provide customer service to maintain client relationships and ensure satisfaction.
Loss Control Specialist: Loss control specialists work to prevent accidents, injuries, and property damage for insurance policyholders. They conduct risk assessments, implement safety programs, and provide recommendations to minimize risks and improve workplace safety.
Actuary: Actuaries analyze statistical data to assess financial risks and uncertainties for insurance companies. They use mathematical models to calculate insurance premiums, reserves, and liabilities, and help companies manage financial risks effectively.
Risk Manager: Risk managers oversee an organization's risk management strategies and policies. They identify, assess, and prioritize risks, develop risk mitigation plans, and implement controls to minimize potential losses and protect organizational assets.
Claims Manager: Claims managers oversee the operations of claims departments within insurance companies. They set departmental goals, monitor claim processing procedures, ensure compliance with regulations, and implement strategies to improve claims efficiency and customer satisfaction.
Insurance Compliance Officer: Compliance officers ensure insurance companies adhere to regulatory requirements and industry standards. They develop compliance programs, conduct audits, and provide guidance on legal and regulatory issues to mitigate compliance risks.
Insurance Consultant: Consultants provide specialized advice and expertise to insurance companies, organizations, or individuals. They offer insights on insurance products, risk management strategies, regulatory compliance, and financial planning to help clients make informed decisions.
