M.A. in Actuarial Science
Ball State University takes pride in offering a cutting-edge Master of Arts in Actuaria...
B.A. or B.S. in Risk Management and Insurance
Muncie, Indiana
INTAKE: Jan & Aug
Program Overview
Ball State University offers a comprehensive B.A. or B.S. in Risk Management and Insurance designed to equip students with the essential skills and knowledge needed in today’s complex insurance landscape. The program prepares graduates for various roles within the risk management and insurance sectors, emphasizing both theoretical foundations and practical applications.
AACSB-accredited: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), a distinction that ensures the quality of education and reflects the university’s commitment to excellence in business education. This accreditation positions graduates favorably in the job market, as it is recognized globally.
Curriculum: The curriculum is thoughtfully crafted to cover key areas such as risk assessment, insurance principles, and financial management. Students engage in courses that blend classroom learning with real-world case studies, fostering a deeper understanding of risk management strategies and insurance practices. Electives allow students to tailor their education to their career goals.
Research Focus: Ball State emphasizes research within the field of risk management and insurance, encouraging students and faculty to explore innovative solutions to current industry challenges. Collaborative projects and access to resources such as databases and industry reports enhance the research experience, contributing to a richer educational environment.
Industry Engagement: The university maintains strong connections with industry professionals, providing students with ample opportunities for internships and networking. Industry engagement is integral to the program, with guest lectures and workshops led by experienced practitioners, ensuring students gain insights from current industry trends and practices.
Global Perspective: The B.A. or B.S. in Risk Management and Insurance incorporates a global perspective, preparing students to navigate the complexities of international insurance markets. The program includes coursework and case studies that address global risk management issues, fostering a broader understanding of how cultural and economic factors influence insurance practices worldwide.
Location
Muncie, Indiana
Score
IELTS 6.5
Tuition Fee
USD 28044
Undergraduate Entry Requirements
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% 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 110.
Ball State University is promoting diversity and providing financial support to international students.
Ball State's International Student Scholarships: Ball State University offers a variety of merit-based scholarships exclusively for international students. These scholarships are typically awarded based on academic achievement, extracurricular involvement, and leadership qualities.
University-Wide Scholarships: International students are eligible to apply for university-wide scholarships that are open to all students, regardless of their nationality. These scholarships often have specific criteria and requirements.
Departmental Scholarships: Many academic departments at Ball State University offer scholarships to international students pursuing degrees within those departments. These scholarships may be based on academic performance, major, or specific achievements.
Study Abroad Scholarships: Ball State encourages international students to participate in study abroad programs. The university offers scholarships to help cover the costs associated with studying abroad, promoting global experiences and cultural exchange.
Privately Funded Scholarships: There are external scholarship opportunities for international students provided by private organizations, foundations, and government agencies. Ball State's scholarship office assists students in identifying and applying for these external scholarships.
Cultural Scholarships: Ball State University may offer scholarships to students who are actively involved in promoting their own cultures and engaging in cultural exchange on campus.
Full-Ride Scholarships: In some cases, highly qualified international students may be eligible for full-ride scholarships that cover tuition, fees, and living expenses.
Community Scholarships: Local community organizations and partners sometimes provide scholarships to international students who are engaged in community service and demonstrate a commitment to the local area.
Graduates of the B.A. or B.S. in Risk Management and Insurance from Ball State University have a variety of career paths available to them. They can pursue roles such as risk analysts, insurance underwriters, claims adjusters, and loss control managers. Additionally, many graduates find opportunities in consulting firms, government agencies, and financial institutions, where they apply their knowledge to assess risks and develop strategies to mitigate them.
Insurance Broker: One of the popular career options for graduates is to become an insurance broker, where they help clients select appropriate insurance policies based on their needs and risk profiles.
Risk Manager: Graduates can also become risk managers, responsible for identifying and analyzing potential risks that could affect an organization’s assets and earnings.
Claims Adjuster: Working as claims adjusters, graduates evaluate insurance claims to determine the extent of the insurance company's liability, playing a critical role in the claims process.
Underwriter: As underwriters, graduates assess insurance applications and determine coverage terms and premiums, which requires strong analytical skills and an understanding of risk.
Consultant: Many graduates opt to become consultants, providing expert advice on risk management strategies and insurance solutions to businesses, enhancing their operational effectiveness.
Actuary: Some graduates may pursue further education to become actuaries, using mathematical skills to analyze financial risks and help companies set premiums and reserves.
Financial Analyst: A degree in Risk Management and Insurance also prepares graduates for careers as financial analysts, where they evaluate financial data to guide investment decisions and risk assessment.
Regulatory Affairs Specialist: Graduates may also work as regulatory affairs specialists, ensuring that companies comply with government regulations and standards within the insurance industry.
