M.A. in Arts
The Master of Arts (M.A.) in Arts at the State University of New York Oswego (SUNY Oswe...
B.S. in Risk Management and Insurance
Oswego, New York
INTAKE: Jan & Aug
Program Overview
The Bachelor of Science (B.S.) in Risk Management and Insurance at the State University of New York at Oswego (SUNY Oswego) is a comprehensive program designed to equip students with the essential skills and knowledge necessary for a successful career in the rapidly evolving fields of risk management and insurance. This program emphasizes the identification, analysis, and management of risks faced by individuals and organizations, preparing students for roles in both corporate settings and insurance companies. With a blend of theoretical understanding and practical application, graduates are well-prepared to address complex risk-related challenges in various industries.
AACSB Accredited: SUNY Oswego's B.S. in Risk Management and Insurance program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), a prestigious designation that signifies a high standard of excellence in business education. This accreditation ensures that students receive a quality education that meets the rigorous standards set by the AACSB, providing them with a competitive advantage in the job market.
Curriculum: The curriculum for the B.S. in Risk Management and Insurance is designed to provide students with a solid foundation in both business principles and risk management concepts. Core courses cover topics such as insurance operations, risk assessment, financial management, and regulatory issues in insurance. Additionally, students can select from various electives to tailor their studies to specific areas of interest, such as healthcare insurance, property and casualty insurance, or risk analysis. This diverse curriculum prepares students to navigate the complexities of the risk management landscape.
Research Focus: The program encourages student involvement in research initiatives, allowing them to explore current trends and challenges in risk management and insurance. Faculty members are actively engaged in research related to risk assessment methodologies, insurance market dynamics, and the impact of regulations on the industry. Students have opportunities to collaborate with faculty on research projects, providing them with valuable experience and insights into the field.
Industry Engagement: Industry engagement is a key component of the B.S. in Risk Management and Insurance program. SUNY Oswego fosters partnerships with local businesses and insurance organizations, offering students internships and real-world experiences that enhance their learning. These practical opportunities not only help students develop professional skills but also provide them with valuable networking connections in the industry.
Global Perspective: The B.S. in Risk Management and Insurance program at SUNY Oswego incorporates a global perspective, recognizing the importance of understanding international risk management practices. Courses covering global insurance markets, cross-border regulations, and international risk assessment equip students to work effectively in a globalized economy. Additionally, opportunities for study abroad and international internships further broaden students' understanding of risk management on a global scale.
Location
Oswego, New York
Score
IELTS 6
Tuition Fee
USD 18679
Undergraduate Entry Requirements
Application Fee: $50
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 6.0 with a minimum of 5.5 in each component.
- TOEFL: Overall score of 71 or higher.
- PTE: Overall score of 55 or higher.
- DET (Duolingo English Test): Minimum score of 100.
SUNY Oswego is fostering a diverse and inclusive learning environment. The university offers various scholarship opportunities to support international students in pursuing their education.
International Student Scholarships: SUNY Oswego provides merit-based scholarships for outstanding international students. These scholarships are awarded based on academic achievements, leadership qualities, and extracurricular involvement.
Global Partner Scholarships: The university has established partnerships with international institutions, and students from these partner institutions may be eligible for specific scholarships. These collaborations aim to facilitate global education and cultural exchange.
President's Scholarship for World Leaders: The President's Scholarship for World Leaders is a prestigious award for international students who have demonstrated exceptional academic excellence and leadership skills. Recipients of this scholarship receive significant financial support.
International Tuition Scholarship: This scholarship is designed to assist international students with their tuition expenses. Eligibility is based on academic merit, and the award amount contributes to reducing the overall cost of education.
Cultural Scholarships: SUNY Oswego recognizes the importance of cultural diversity. Cultural scholarships may be available to students who contribute to the campus's cultural richness, fostering an inclusive community.
Departmental Scholarships: Various academic departments at SUNY Oswego offer scholarships to international students pursuing specific fields of study. These departmental scholarships may require students to meet certain criteria related to their major or program.
Community College Transfer Scholarships: International students transferring from community colleges to SUNY Oswego may be eligible for transfer scholarships. These scholarships support a smooth transition to the university for students with prior college experience.
Athletic Scholarships: For students with exceptional athletic abilities, SUNY Oswego provides athletic scholarships. These scholarships are awarded to individuals who contribute to the university's sports programs.
Foundation Scholarships: The university's foundation may administer various scholarship programs funded by donors. These scholarships cover a range of criteria, including academic achievement, community involvement, and financial need.
Graduates with a B.S. in Risk Management and Insurance from SUNY Oswego have a wide range of career opportunities in various sectors, including insurance, finance, and corporate risk management. The skills and knowledge acquired in this program equip students to effectively identify and manage risks, making them valuable assets in any organization.
Insurance Underwriter: One of the most common career paths for graduates is as an insurance underwriter. In this role, they evaluate insurance applications, assess risks, and determine coverage terms and premiums. Underwriters play a critical role in ensuring that insurance policies are both profitable for the company and fair for the clients.
Risk Analyst: Many graduates pursue positions as risk analysts, where they analyze potential risks that could impact an organization’s assets, earning capacity, or reputation. They assess financial, operational, and strategic risks and provide recommendations for mitigating these risks, playing a vital role in decision-making processes.
Claims Adjuster: Graduates may also work as claims adjusters, investigating insurance claims to determine the extent of the insurer's liability. This role involves gathering information, evaluating damages, and negotiating settlements, requiring strong analytical and communication skills.
Risk Manager: A more advanced career option is that of a risk manager, where professionals oversee an organization’s risk management strategies. They develop policies and procedures to minimize risks, ensure compliance with regulations, and protect the organization’s assets and reputation.
Actuary: Some graduates may choose to pursue further education and certification to become actuaries. Actuaries use mathematical and statistical methods to assess financial risks associated with insurance policies and pension plans. This highly specialized role is crucial for determining premium rates and ensuring the financial stability of insurance companies.
Loss Control Consultant: Graduates can also work as loss control consultants, helping organizations identify potential hazards and implement measures to reduce risks. They conduct audits, provide training, and develop safety programs to prevent accidents and losses, contributing to the overall risk management strategy.
Financial Analyst: With a strong foundation in financial principles, graduates may transition into roles as financial analysts. They evaluate investment opportunities, assess financial performance, and provide recommendations for risk management strategies within financial institutions.
Compliance Officer: Another potential career path is that of a compliance officer, responsible for ensuring that an organization adheres to regulatory standards and internal policies. This role involves monitoring compliance risks, conducting audits, and implementing training programs to promote ethical business practices.
