2013-14 General Catalog
Risk Management and Insurance
Web site: http://tippie.uiowa.edu/vaughan/
The Department of Finance and the Emmett J. Vaughan Institute of Risk Management and Insurance offer the Certificate in Risk Management and Insurance.Back To Top
Undergraduate Program of Study
The Certificate in Risk Management and Insurance requires 18 s.h. for B.B.A. students majoring in business analytics and information systems and 24 s.h. for all other students. The program is designed to provide an understanding of the many aspects of risk management and insurance (RMI). It concentrates on value creation and asset protection, including pure insurance and risk management, as well as on corporate and financial risk management. It also addresses the financial and economic characteristics of potential exposures to loss that business organizations and individuals face, and the techniques available for hedging the risks and minimizing the costs associated with these exposures.
The certificate provides students in non-business majors (e.g., actuarial science, mathematics, or statistics) with a foundation for careers in financial and credit analysis, corporate risk management, risk management consulting, employee benefits management and insurance consulting, insurance brokerage, and underwriting. It also may be of value to students seeking professional designations, such as Chartered Life Underwriter (CLU) and Chartered Property and Casualty Underwriter (CPCU). Students typically find employment as financial analysts, bank compliance officers, stock exchange traders, capital and asset managers, insurance and accounting auditors, and personal bankers as well as underwriters, claims adjusters, and insurance producers.
The certificate program is open to students earning an undergraduate degree at The University of Iowa who have reached third-year standing (completion of 60 s.h.) and have a cumulative and University of Iowa g.p.a. of at least 2.75. To be admitted to the certificate program, students must:
complete 06F:100 (FIN:3000) Introductory Financial Management and 06F:102 (FIN:3400) Principles of Risk Management and Insurance with a g.p.a. of at least 2.75 and no grade lower than B-minus; students majoring in actuarial science are exempt from the requirement to complete 06F:100 (FIN:3000);
have a grade of C or higher in all RMI courses they have taken.
Completion of the certificate is noted on the student's transcript. A certificate is mailed to students who complete the program. Students should apply to receive the certificate when they submit their Application for Degree.
The Certificate in Risk Management requires the following courses. Most of these courses have prerequisites or other registration requirements; students must complete prerequisites and meet registration requirements before they may register for a course. Some courses are offered only in fall or spring semesters; students should plan their course schedules carefully.
CORE COURSES AND COREQUISITES
Courses 06F:100 (FIN:3000) and 06F:102 (FIN:3400) are required for admission to the certificate program and are prerequisites for all other RMI courses. Students may take both courses during the same semester.
All certificate students must complete these (9 s.h.):
Certificate students earning a B.B.A. with a major in business analytics and information systems also must complete these (additional 6 s.h.):
ELECTIVES: Students in Business Analytics and Information Systems
B.B.A. students majoring in business analytics and information systems complete one of these (3 s.h.):
Electives: Students in Finance and Other Majors
Students majoring in finance and those earning other majors choose two of these (6 s.h.):
Finance majors also choose three of these noninsurance electives (9 s.h.):
Non-finance majors also choose three of these (9 s.h.):
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Courses for Noncertificate Students
B.B.A. students majoring in finance may concentrate in risk management and insurance (RMI), or they may supplement their corporate finance and investment courses with one or more RMI courses. Students enrolled in other Tippie College of Business majors and College of Liberal Arts and Sciences students earning majors in statistics, actuarial science, or mathematics program C may take one or more of the RMI courses to enhance their understanding of financial services and learn about employment opportunities in the industry.
Other University of Iowa students may enroll in RMI courses after early registration if space is available and if they have completed 06A:002 (ACCT:2200) Managerial Accounting, 06E:001 (ECON:1100) Principles of Microeconomics, 06E:002 (ECON:1200) Principles of Macroeconomics, 06F:100 (FIN:3000) Introductory Financial Management, and 06F:102 (FIN:3400) Principles of Risk Management and Insurance.
Students not admitted to the Tippie College of Business should meet with the associate director of the Emmett J. Vaughan Institute of Risk Management and Insurance for advising before they enroll in RMI courses.Back To Top
The Department of Finance offers six courses affiliated with the Emmett J. Vaughan Institute of Risk Management and Insurance that are included in the Certificate in Risk Management and Insurance curriculum. See Finance in the Catalog for course descriptions and prerequisites.
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Updated October 2013