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Sponsored by the Office of the Provost
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2019-2020

Business

Concentration(s):
Risk Management and Insurance
Program description

The concentration in risk management and insurance prepares students for careers in the insurance and personal financial planning industry on all levels including (but not limited to) underwriting, claims adjusting, employee benefits, risk modeling and analysis, risk management in all sectors of the economy, financial planning, and graduate-level study of risk management.

Career opportunities

Risk management insurance is a high-demand industry with 500,000 new jobs projected in the next five years. Students who graduate with a degree in Business and a concentration in Risk Management and Insurance are typically employed as underwriters, claims professionals, risk managers, managers, analysts, wealth managers, and financial planners. VCU Alumni from the Risk Management program are employed with Markel Corporation, James River Insurance, Argo, Colony, Kinsale, Mass Mutual, Northwestern, AXA, Virginia Asset Management, New York Life, and a variety of local agents and brokers.

Change of major requirements

Students are eligible for admission into the advanced business program with a major in the School of Business upon meeting the minimum cumulative GPA requirement and successful completion of the Business Foundation coursework, as outlined here: http://bulletin.vcu.edu/undergraduate/business/undergraduate-information/shared-curriculum/.

Bachelor-level job titles
  • Administrative Service Managers
  • Branch or Department
  • Business Continuity Planners
  • Claims Examiners
  • Credit Analysts
  • Financial Managers
  • Financial Quantitative Analyst
  • Insurance Underwriters
  • Occupational Health & Safety Specialists
  • Property & Casualty Insurance
  • Risk Management Specialists
  • Security or Logistics Managers
Graduate and professional level job titles
  • Compliance Officer
  • Data Scientist
  • Director of Risk Management
  • Risk Management Consultant
Professional associations and resources
Degree requirements in Bulletin
Plan of study in Bulletin
Requirements
Highest level of math required
  • MATH 200 or SCMA 212 or BUSN 212
Science required
  • Core only
Foreign language requirements
  • No
Additional tuition/fees
  • Yes
GPA requirements (to progress/graduate in the major)
  • 2.5 to declare major/2.0 to graduate
Transfer Maps

Contact information

Campus (where 75% of courses are taken):
Monroe Park
Major map compass icon
Major map

Explore
MAXIMIZE COURSE AND DEGREE PLANNING
  • Schedule an appointment with your academic advisor to review your CSI self-report, start goal planning, and to discuss tutoring, electives, & degree progression.
  • Take a tour to learn about library spaces, services, & how to get research help.
  • Map out a 4-year course plan in Degree Works' Student Educational Planner.
  • Attend Ready, Set, Go – Sophomore Transition Experience.  
  • Earn at least a 2.5 semester GPA and 15 credits a semester to declare your major at the end of year 2 & graduate in 4 years.
  • Take Math Placement; register for math classes each semester through SCMA 302.
GET CONNECTED WITH YOUR COMMUNITY
DEVELOP CULTURAL AGILITY
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
PREPARING FOR LIFE AFTER COLLEGE

Experience
MAXIMIZE COURSE AND DEGREE PLANNING
  • Get familiar with the research process with the VCU Libraries Research Basics Guide. Ask questions about how to use the library.
  • Schedule an appointment with your advisor and explore minors, certificates, and skills-based value added courses.  
  • Talk to your professors about research interests, picking future classes, and strategies for success in your program.
  • Be prepared for a challenging year of ACCT, ECON, and math classes.
  • Take INFO 165 and MATH 200/SCMA 212.
GET CONNECTED WITH YOUR COMMUNITY
  • Meet with a faculty member to discuss your personal and professional interests.
  • Take a service-learning class or volunteer to address a social issue (Hands on Greater Richmond).
  • Explore peer leadership opportunities or apply for the New Leaders Retreat or Alternative Spring Break.
  • Learn more about VCU’s Student Leadership and Involvement Center.
  • Visit your professors during their office hours.
DEVELOP CULTURAL AGILITY
  • Consider short-term, semester and year-long Study Abroad opportunities.
  • Get to know other VCU students and meet new friends from all over the world at a monthly Global Café.
  • Join a cultural or identity-related organization.
  • Investigate spending a summer abroad with the International Consulting Program.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
  • Complete a “Gap Analysis” Strategic Plan with your academic or career advisor.
  • Gain practical experience related to career goals through internships, shadowing, part-time work, or independent skill building.
  • Create an ePortfolio to document academic/professional experiences, accomplishments, and reflections.
  • Attend Career & Internship Fairs and other professional development events. 
  • Join related professional and student organizations such as RIMS, CPCU, R.C.A.,and Gamma Iota Sigma.
PREPARING FOR LIFE AFTER COLLEGE
  • Get plugged into VCULink to connect with students and alumni.
  • Conduct informational interviews or shadow someone in a field of career interest.
  • Consider who you would ask to serve as professional and academic references for future letters of recommendation.   
  • Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.

Experience
MAXIMIZE COURSE AND DEGREE PLANNING
  • See your academic and career advisors regularly to discuss your progress towards graduation and career planning.
  • Enhance your business, software, technology and creative skills using LinkedIn Learning.
  • Deepen your expertise at finding information in your discipline by working with your subject expert librarian & using research guides.
  • Earn a C or better in FIRE 309, 311, 317 and 479 (Fall only), and a min. 2.0 GPA in the rest of the concentration requirements.
GET CONNECTED WITH YOUR COMMUNITY
DEVELOP CULTURAL AGILITY
  • Apply to be a Diversity Ambassador with the Office of Multicultural Student Affairs.
  • Richmond is known for hosting a wide array of festivals! Learn about new cultures, food, and music by attending one of these events.
  • Update your resume to include how you have developed your communication and interpersonal skills for future work on multidisciplinary and multicultural teams.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
  • Seek research opportunities and apply for funding through VCU Undergraduate Research Opportunities Program.
  • Update your ePortfolio.
  • Apply for the Graduate School Mentorship Program to learn more about graduate school and the graduate student experience.
  • Attend the RISC Conference in March.
  • Meet with Tim Cook, Director of the RISC Center.
PREPARING FOR LIFE AFTER COLLEGE
  • Talk to advisors, faculty, and Career Services about graduate school versus a job.
  • Research graduate/professional schools at least 1 year in advance of deadlines. Study for and complete any exams the summer before senior year. 
  • Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.
  • Get coaching for right certification from Professor Tim Cook.
  • Research professional certifications like the CPCU.

Excel
MAXIMIZE COURSE AND DEGREE PLANNING
  • Schedule an appointment with your academic advisor a semester before your anticipated graduation to ensure all graduation requirements will be met. 
  • Be aware of the multiple prereqs!
  • Complete the BUSN 499 Business Knowledge Exam.
  • Take final senior coursework and approved electives. Careful! Many of your courses are offered in only spring or fall.
  • Take MGMT 434 in your final semester.
GET CONNECTED WITH YOUR COMMUNITY
DEVELOP CULTURAL AGILITY
  • Read scholarly articles about diversity in your field.
  • Reflect on your own cultural competency, and be prepared to answer interview questions that outline how you have worked with diverse populations.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
  • Reflect on the experiential learning you have engaged in thus far, and discuss with current or potential mentors (peers, faculty, advisors, alumni, professionals).
  • Continue to engage in research to create more content for your ePortfolio.
  • Present your research at conference/meeting such as UROP Undergraduate Research Symposium or other conferences. 
  • Attend the RISC Conference in March.
PREPARING FOR LIFE AFTER COLLEGE
  • Complete exams, applications, or self-marketing activities for after graduation.
  • Consider training to become an educator through programs like RTR, which prepares graduates from a variety of majors to become effective teachers in high-need schools.
  • Research prospective employers and create a job or graduate school search strategy at least 8 months before graduation.
  • Have a personal statement or cover letter reviewed and do a mock interview with your Career Services office. 
  • Engage with the VCU Alumni Association at Grad Fair, Grad Bash, and by joining a VCULink Industry Network and alumni chapter as you prepare to graduate.
  • Attend Business Career Fair and career events throughout the last year.
  • Attend Local Professional Organization Meetings for RIMS, CPCU and R.C.A.
Visit majormaps.vcu.edu for the online version with links.
Sponsored by the Office of the Provost
Major map compass icon
2019-2020

Business

MAXIMIZE COURSE AND DEGREE PLANNING GET CONNECTED WITH YOUR COMMUNITY DEVELOP CULTURAL AGILITY EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS PREPARING FOR LIFE AFTER COLLEGE
Explore Year 1
  • Schedule an appointment with your academic advisor to review your CSI self-report, start goal planning, and to discuss tutoring, electives, & degree progression.
  • Take a tour to learn about library spaces, services, & how to get research help.
  • Map out a 4-year course plan in Degree Works' Student Educational Planner.
  • Attend Ready, Set, Go – Sophomore Transition Experience.  
  • Earn at least a 2.5 semester GPA and 15 credits a semester to declare your major at the end of year 2 & graduate in 4 years.
  • Take Math Placement; register for math classes each semester through SCMA 302.
Experience Year 2
  • Get familiar with the research process with the VCU Libraries Research Basics Guide. Ask questions about how to use the library.
  • Schedule an appointment with your advisor and explore minors, certificates, and skills-based value added courses.  
  • Talk to your professors about research interests, picking future classes, and strategies for success in your program.
  • Be prepared for a challenging year of ACCT, ECON, and math classes.
  • Take INFO 165 and MATH 200/SCMA 212.
  • Meet with a faculty member to discuss your personal and professional interests.
  • Take a service-learning class or volunteer to address a social issue (Hands on Greater Richmond).
  • Explore peer leadership opportunities or apply for the New Leaders Retreat or Alternative Spring Break.
  • Learn more about VCU’s Student Leadership and Involvement Center.
  • Visit your professors during their office hours.
  • Consider short-term, semester and year-long Study Abroad opportunities.
  • Get to know other VCU students and meet new friends from all over the world at a monthly Global Café.
  • Join a cultural or identity-related organization.
  • Investigate spending a summer abroad with the International Consulting Program.
  • Complete a “Gap Analysis” Strategic Plan with your academic or career advisor.
  • Gain practical experience related to career goals through internships, shadowing, part-time work, or independent skill building.
  • Create an ePortfolio to document academic/professional experiences, accomplishments, and reflections.
  • Attend Career & Internship Fairs and other professional development events. 
  • Join related professional and student organizations such as RIMS, CPCU, R.C.A.,and Gamma Iota Sigma.
  • Get plugged into VCULink to connect with students and alumni.
  • Conduct informational interviews or shadow someone in a field of career interest.
  • Consider who you would ask to serve as professional and academic references for future letters of recommendation.   
  • Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.
Year 3
  • See your academic and career advisors regularly to discuss your progress towards graduation and career planning.
  • Enhance your business, software, technology and creative skills using LinkedIn Learning.
  • Deepen your expertise at finding information in your discipline by working with your subject expert librarian & using research guides.
  • Earn a C or better in FIRE 309, 311, 317 and 479 (Fall only), and a min. 2.0 GPA in the rest of the concentration requirements.
  • Apply to be a Diversity Ambassador with the Office of Multicultural Student Affairs.
  • Richmond is known for hosting a wide array of festivals! Learn about new cultures, food, and music by attending one of these events.
  • Update your resume to include how you have developed your communication and interpersonal skills for future work on multidisciplinary and multicultural teams.
  • Seek research opportunities and apply for funding through VCU Undergraduate Research Opportunities Program.
  • Update your ePortfolio.
  • Apply for the Graduate School Mentorship Program to learn more about graduate school and the graduate student experience.
  • Attend the RISC Conference in March.
  • Meet with Tim Cook, Director of the RISC Center.
  • Talk to advisors, faculty, and Career Services about graduate school versus a job.
  • Research graduate/professional schools at least 1 year in advance of deadlines. Study for and complete any exams the summer before senior year. 
  • Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.
  • Get coaching for right certification from Professor Tim Cook.
  • Research professional certifications like the CPCU.
Excel Year 4
  • Schedule an appointment with your academic advisor a semester before your anticipated graduation to ensure all graduation requirements will be met. 
  • Be aware of the multiple prereqs!
  • Complete the BUSN 499 Business Knowledge Exam.
  • Take final senior coursework and approved electives. Careful! Many of your courses are offered in only spring or fall.
  • Take MGMT 434 in your final semester.
  • Read scholarly articles about diversity in your field.
  • Reflect on your own cultural competency, and be prepared to answer interview questions that outline how you have worked with diverse populations.
  • Reflect on the experiential learning you have engaged in thus far, and discuss with current or potential mentors (peers, faculty, advisors, alumni, professionals).
  • Continue to engage in research to create more content for your ePortfolio.
  • Present your research at conference/meeting such as UROP Undergraduate Research Symposium or other conferences. 
  • Attend the RISC Conference in March.
  • Complete exams, applications, or self-marketing activities for after graduation.
  • Consider training to become an educator through programs like RTR, which prepares graduates from a variety of majors to become effective teachers in high-need schools.
  • Research prospective employers and create a job or graduate school search strategy at least 8 months before graduation.
  • Have a personal statement or cover letter reviewed and do a mock interview with your Career Services office. 
  • Engage with the VCU Alumni Association at Grad Fair, Grad Bash, and by joining a VCULink Industry Network and alumni chapter as you prepare to graduate.
  • Attend Business Career Fair and career events throughout the last year.
  • Attend Local Professional Organization Meetings for RIMS, CPCU and R.C.A.