Business

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Sponsored by the Office of the Provost

2020-2021

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. Beginning Fall 2020, any students declared into this program wishing to receive a B.S. in Finance with a concentration in Risk Management and Insurance instead are encouraged to speak with their academic advisor to review applicable bulletin year and curriculum changes, if any.

Career opportunities

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

Actuary
Claims Adjuster
Claims Examiner
Credit Analyst
Financial Manager
Financial Quantitative Analyst
Occupational Health and Safety Specialist
Operational Risk Coordinator
Property and Casualty Insurance
Risk Analyst
Risk Management Specialist
Underwriter

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

Risk Management Insurance

Plan of study in Bulletin

Risk Management Insurance

Requirements

Highest level of math required

MATH 200 or SCMA 212 or BUSN 212
SCMA 302

Science required

Core only

Foreign language requirements

Additional tuition/fees

GPA requirements (to progress/graduate in the major)

2.5 to declare major/2.0 to graduate

Transfer Maps

View Transfer Maps for this major

Contact information

Campus (where 75% of courses are taken):

Monroe Park

Major map

Year 1

Explore

MAXIMIZE COURSE AND DEGREE PLANNING

Attend Ready, Set, Go – Sophomore Transition Experience.
Map out a 4-year course plan in Degree Works' Student Educational Planner.
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.
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

Apply to join the Honors College.
Apply to live in one of VCU's four Living-Learning Programs.
Get involved and meet new friends through VCU Student Government or one of over 450 student clubs and organizations.
Register to vote in Virginia and explore Richmond’s many museums and parks.
Use REAL’s Student Opportunity Center platform to take the hassle out of finding hands-on experiences and make your first-year extraordinary.
Attend two or three School of Business events

DEVELOP CULTURAL AGILITY

Consider Peace Corps Prep through VCU Globe to expand skills in global leadership and intercultural communication.
Make an appointment with the National Scholarship Office to explore study abroad and national scholarship opportunities.
Review the OMSA website. Follow them on social media for events, resources & other ways to engage.
Visit a study abroad fair and complete Rams Abroad 101 online to learn about study abroad options.

EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS

Complete your Handshake profile and opt-in to industry email lists.
Consider applying for a federal work-study (FWS) job on- or off-campus through Handshake.
Explore innovation and business/non-profit creation with the da Vinci Center.
Create a draft resume, submit it to VMock for initial feedback, and meet with a Career Coach in Business Career Services to discuss it.
Take Winning Presentations to develop needed public speaking and communication skills.

PREPARING FOR LIFE AFTER COLLEGE

Access your free credit report and begin making responsible credit choices to prepare for your future.
Build a LinkedIn profile, connect to at least 10 people, and check out the VCU alumni page.
Explore “What Can I Do With This Major” to learn about employers in your field of study.
Join Students Today Alumni Tomorrow (STAT) to connect to VCU traditions, networking opportunities, and fellow Rams.

Year 2

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

Explore peer leadership opportunities or apply for the New Leaders Retreat or Alternative Spring Break.
Find opportunities and organizations through SOC that can help you make a difference and make your mark.
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).
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

Attend Career & Internship Fairs and other professional development events.
Complete a “Gap Analysis” Strategic Plan with your academic or career advisor.
Create an ePortfolio to document academic/professional experiences, accomplishments, and reflections.
Gain practical experience related to career goals through internships, shadowing, part-time work, or independent skill building.
Join related professional and business student organizations such as RIMS, CPCU, RCA and Gamma Iota Sigma.

PREPARING FOR LIFE AFTER COLLEGE

Conduct an informational interview 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.
Get plugged into VCULink to connect with students and alumni.
Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.

Year 3

Experience

MAXIMIZE COURSE AND DEGREE PLANNING

Deepen your expertise at finding information in your discipline by working with your subject expert librarian & using research guides.
Enhance your business, software, technology and creative skills using LinkedIn Learning.
See your academic and career advisors regularly to discuss your progress towards graduation and career planning.
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

Attend civic meetings, such as school board, neighborhood associations, city council, or state legislative sessions.
Continue to find opportunities and organizations through SOC that can help you make a difference and make your mark.
Create a community-engaged research project.
Make an appointment with the National Scholarship Office to explore post-graduate scholarship and fellowship opportunities, such as the Fulbright Student Scholarship.
Become a tutor in the Campus Learning Center
Take a leadership role with Gamma Iota Sigma.

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.

EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS

Apply for the Graduate School Mentorship Program to learn more about graduate school and the graduate student experience.
Update your ePortfolio.
Seek research opportunities and apply for funding through VCU Undergraduate Research Opportunities Program.
Attend the RISC Trends Conference in March.
Meet with Robert Taylor, Director of the RMI Program.

PREPARING FOR LIFE AFTER COLLEGE

Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.
Research graduate/professional schools at least 1 year in advance of deadlines. Study for and complete any exams the summer before senior year.
Update your business resume to include new experiences you have gained and skills you have developed. Submit to VMock and/or meet with a Career Coach in Business Career Services to update.
Get coaching for right certification from Professor Robert Taylor.
Research professional certifications like the CPCU.
Talk to advisors, faculty, and Business Career Services about graduate school versus a job.

Year 4

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

Apply for a year-long service or fellowship opportunity after graduation through programs like Peace Corps, Fulbright Student Scholars, Literacy Lab, Richmond Teacher Residency, or AmeriCorps.
Attend professional conferences that offer student rates or scholarships (see professional organizations listed above).
Continue to find opportunities and organizations through SOC that can help you make a difference and make your mark.
Serve in a leadership role on campus or as a board member of a local community organization.

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.
Read the VCU Common Book, and participate in community-related events.

EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS

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.
Reflect on the experiential learning you have engaged in thus far, and discuss with current or potential mentors (peers, faculty, advisors, alumni, professionals).
Attend the RISC Trends 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.
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.
Have a personal statement or cover letter reviewed and do a mock interview through InterviewStream or with a career advisor.
Research prospective employers and create a job or graduate school search strategy at least 8 months before graduation.
Update your business resume to include new experiences, skills, and high level academic projects. Submit to VMock and/or meet with a Career Coach in Business Career Services to update.
Attend Business Career Fair and career events throughout the last year.
Attend Local Professional Organization Meetings for RIMS, CPCU and RCA.

Visit majormaps.vcu.edu for the online version with links.
Sponsored by the Office of the Provost

2020-2021

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	Attend Ready, Set, Go – Sophomore Transition Experience. Map out a 4-year course plan in Degree Works' Student Educational Planner. 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. 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.	Apply to join the Honors College. Apply to live in one of VCU's four Living-Learning Programs. Get involved and meet new friends through VCU Student Government or one of over 450 student clubs and organizations. Register to vote in Virginia and explore Richmond’s many museums and parks. Use REAL’s Student Opportunity Center platform to take the hassle out of finding hands-on experiences and make your first-year extraordinary. Attend two or three School of Business events	Consider Peace Corps Prep through VCU Globe to expand skills in global leadership and intercultural communication. Make an appointment with the National Scholarship Office to explore study abroad and national scholarship opportunities. Review the OMSA website. Follow them on social media for events, resources & other ways to engage. Visit a study abroad fair and complete Rams Abroad 101 online to learn about study abroad options.	Complete your Handshake profile and opt-in to industry email lists. Consider applying for a federal work-study (FWS) job on- or off-campus through Handshake. Explore innovation and business/non-profit creation with the da Vinci Center. Create a draft resume, submit it to VMock for initial feedback, and meet with a Career Coach in Business Career Services to discuss it. Take Winning Presentations to develop needed public speaking and communication skills.	Access your free credit report and begin making responsible credit choices to prepare for your future. Build a LinkedIn profile, connect to at least 10 people, and check out the VCU alumni page. Explore “What Can I Do With This Major” to learn about employers in your field of study. Join Students Today Alumni Tomorrow (STAT) to connect to VCU traditions, networking opportunities, and fellow Rams.
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.	Explore peer leadership opportunities or apply for the New Leaders Retreat or Alternative Spring Break. Find opportunities and organizations through SOC that can help you make a difference and make your mark. 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). 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.	Attend Career & Internship Fairs and other professional development events. Complete a “Gap Analysis” Strategic Plan with your academic or career advisor. Create an ePortfolio to document academic/professional experiences, accomplishments, and reflections. Gain practical experience related to career goals through internships, shadowing, part-time work, or independent skill building. Join related professional and business student organizations such as RIMS, CPCU, RCA and Gamma Iota Sigma.	Conduct an informational interview 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. Get plugged into VCULink to connect with students and alumni. Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.
Experience	Year 3	Deepen your expertise at finding information in your discipline by working with your subject expert librarian & using research guides. Enhance your business, software, technology and creative skills using LinkedIn Learning. See your academic and career advisors regularly to discuss your progress towards graduation and career planning. 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.	Attend civic meetings, such as school board, neighborhood associations, city council, or state legislative sessions. Continue to find opportunities and organizations through SOC that can help you make a difference and make your mark. Create a community-engaged research project. Make an appointment with the National Scholarship Office to explore post-graduate scholarship and fellowship opportunities, such as the Fulbright Student Scholarship. Become a tutor in the Campus Learning Center Take a leadership role with Gamma Iota Sigma.	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.	Apply for the Graduate School Mentorship Program to learn more about graduate school and the graduate student experience. Update your ePortfolio. Seek research opportunities and apply for funding through VCU Undergraduate Research Opportunities Program. Attend the RISC Trends Conference in March. Meet with Robert Taylor, Director of the RMI Program.	Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility. Research graduate/professional schools at least 1 year in advance of deadlines. Study for and complete any exams the summer before senior year. Update your business resume to include new experiences you have gained and skills you have developed. Submit to VMock and/or meet with a Career Coach in Business Career Services to update. Get coaching for right certification from Professor Robert Taylor. Research professional certifications like the CPCU. Talk to advisors, faculty, and Business Career Services about graduate school versus a job.
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.	Apply for a year-long service or fellowship opportunity after graduation through programs like Peace Corps, Fulbright Student Scholars, Literacy Lab, Richmond Teacher Residency, or AmeriCorps. Attend professional conferences that offer student rates or scholarships (see professional organizations listed above). Continue to find opportunities and organizations through SOC that can help you make a difference and make your mark. Serve in a leadership role on campus or as a board member of a local community organization.	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. Read the VCU Common Book, and participate in community-related events.	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. Reflect on the experiential learning you have engaged in thus far, and discuss with current or potential mentors (peers, faculty, advisors, alumni, professionals). Attend the RISC Trends 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. 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. Have a personal statement or cover letter reviewed and do a mock interview through InterviewStream or with a career advisor. Research prospective employers and create a job or graduate school search strategy at least 8 months before graduation. Update your business resume to include new experiences, skills, and high level academic projects. Submit to VMock and/or meet with a Career Coach in Business Career Services to update. Attend Business Career Fair and career events throughout the last year. Attend Local Professional Organization Meetings for RIMS, CPCU and RCA.