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Visit majormaps.vcu.edu for the online version with links.
Sponsored by the Office of the Provost
Major map compass icon
2022-2023

Finance

School of Business

Concentration(s):
Risk Management and Insurance
Program description

The major in finance prepares students for graduate-level study of finance and for careers in corporate finance, the securities industry, banking, financial planning, and insurance/risk management.


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

Careers include corporate finance, investments and commercial banking with a concentration in finance. Our program, recognized by the CFA Institute, applies an international focus to the study of financial markets. You’ll learn how to analyze and communicate findings on complex financial issues and how to take creative approaches to problems in the finance industry. Some of our Alumni employers include Bank of Virginia, JP Morgan Chase, Dominion Energy, Genworth Financial and Deloitte.


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
  • Budget Analyst
  • Equity Research Analyst
  • Finance Analyst
  • Financial Examiner
  • Financial Manager: Branch or Department
  • Fixed Income Analyst
  • Fraud Examiner/Investigator
  • Loan Officer
  • Personal Financial Advisor
  • Sales Agent
  • Securities and Commodities Traders
Graduate and professional level job titles
  • Chief Financial Officer
  • Hedge Fund Manager
  • Management Consultant
  • Venture Capitalist
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
  • SCMA 302
Science required
Foreign language requirements
  • No
Additional tuition/fees
  • Yes
GPA requirements (to progress/graduate in the major)
  • 2.5 to declare finance/2.0 to graduate
Transfer Maps

Contact information

Department name:
Department of Finance, Insurance and Real Estate
Building/room location:
Snead Hall, Room B4163
Phone:
(804) 828-3162
Email:
usib@vcu.edu
https://business.vcu.edu/academics/finance-insurance-and-real-estate/
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 choose electives.
  • Sharpen your study skills in supplemental instruction sessions at the Campus Learning Center.
  • Meet with a writing consultant to hone your writing skills.
  • Enroll in a student success course to connect with campus advisors and build community around your interests and goals.
  • Map out a 4-year course plan in DegreeWorks' Student Educational Planner.
  • Take Math Placement; register for math classes each semester through SCMA 302.
  • 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.
GET CONNECTED WITH YOUR COMMUNITY
DEVELOP CULTURAL AGILITY
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
  • Complete your Handshake profile and opt-in to industry email lists.
  • Set up a profile in the Student Opportunity Center to explore REAL opportunities.
  • Consider applying for a federal work-study job on- or off-campus in Handshake.
  • Seek research opportunities by applying for research funding through the Undergraduate Research Opportunities Program.
  • Apply to be a Division of Student Affairs peer leader.
  • Create a draft resume, submit it to VMock for initial feedback, and meet with a Career Coach in Business Career Services to discuss it.
  • Plan to complete at least 2 internships before the start of your 4th year.
  • Take Winning Presentations to develop needed public speaking and communication 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.
  • Schedule an appointment with your advisor to explore minors, certificates, and plan your required REAL experience.
  • Talk to professors about your research interests, electives, and strategies for success in your classes.
  • Explore innovation and business/non-profit creation classes with the da Vinci Center.
  • Be prepared for a challenging year of ACCT, ECON and math classes. Use tutoring at the Campus Learning Center to get ahead.
  • Make sure to take INFO 165.
GET CONNECTED WITH YOUR COMMUNITY
DEVELOP CULTURAL AGILITY
  • Make friends with diverse perspectives and join a cultural or identity-related student organization.
  • Explore social issues, develop cultural competency skills, and engage with faculty through iExcel pop-up courses.
  • Investigate globally-focused courses in your major by pursuing language coursework or setting language proficiency goals with advisors and faculty.
  • Apply for the Critical Languages Scholarship.
  • Investigate spending a summer abroad with the International Consulting Program or participate in a Study Abroad opportunity.
  • Consider learning a language; open doors to international organizations & future study.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
  • Complete a gap analysis with your career advisor to identify key skills required for your professional field.
  • Seek out practical experience through independent skill-building, internships, shadowing, or part-time work.
  • Explore global career options with a career advisor to set goals for getting your dream job.
  • Organize examples of your academic and professional experiences, accomplishments, and reflections in an ePortfolio.
  • Attend career and internship fairs and other professional development events.
  • Pursue a digital badge to highlight the knowledge, skills, and experiences employers and graduate schools value.
  • Attend Black & Gold Academy, Career & Internship Fairs, and career events throughout the year. 
PREPARING FOR LIFE AFTER COLLEGE
  • Conduct informational interviews or shadow someone in a field of professional interest.
  • Connect with alumni on VCULink for career advice, industry contacts, and meaningful professional relationships.
  • Ask a faculty or staff member to be your academic and professional mentor and to provide future letters of recommendation.
  • Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.
  • Participate in Explore Informational Interviews and Connect Mentoring Program through Office of Student Engagement.

Experience
MAXIMIZE COURSE AND DEGREE PLANNING
  • Enhance your business, software, technology, and creative skills using LinkedIn Learning.
  • See your academic and career advisors to discuss graduation progress and career planning.
  • Take a virtual library tour to learn about library spaces, services, and research help.
  • Be aware of the 4 course sequence: FIRE 311, 312, 321, and 461. Seek academic support early, do not get below a C.
  • Conduct independent undergraduate research.
GET CONNECTED WITH YOUR COMMUNITY
DEVELOP CULTURAL AGILITY
  • Build language proficiency and cultural competence by carrying out your plans for study abroad, internships, and service-learning.
  • Get required REAL experience and effect community change by using iExcel’s Active Citizen’s Toolkit to vote and volunteer.
  • Explore new cultures at one of Richmond’s wide array of festivals.
  • Prepare for future work on multidisciplinary and multicultural teams by showcasing your interpersonal skills on your resume.
  • Experience VCU’s richness of diversity by attending VCU’s annual Intercultural Festival.
  • Participate in VCU Arts Qatar Day and apply for the Qatar Leadership Exchange.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
PREPARING FOR LIFE AFTER COLLEGE
  • Make a plan with your academic, career, and faculty advisors for applying to graduate school or land a micro-internship.
  • Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.
  • Study for and complete any standardized exams required for graduate school 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.
  • Talk to advisors, faculty, and Business Career Services about graduate school versus a job.
  • Apply for CFA Exam Scholarship.
  • Join the Richmond Chapter of RMA.

Excel
MAXIMIZE COURSE AND DEGREE PLANNING
  • Schedule an appointment with your academic advisor the semester before you graduate to ensure that all graduation requirements will be met.
  • Choose REAL electives to diversify your skillset and round out your degree.
  • Take FIRE 321, and 441 in the Fall and FIRE 417, 451, 461 in the Spring.
  • Complete the BUSN 499 Business Knowledge Exam.
  • Take MGMT 434 in your final semester. Be aware of the multiple prereqs!
GET CONNECTED WITH YOUR COMMUNITY
DEVELOP CULTURAL AGILITY
  • Carry out globally-oriented research projects with multilingual faculty and international partners.
  • Read scholarly articles about diversity in your field.
  • Master your answers to interview questions about your experience working with diverse populations.
  • Plan for how you will grow your cultural agility after graduation.
  • Read the VCU Common Book, and participate in community-related events.
  • Complete at least one internship during your senior year at an employer where you would like to work.
EXPLORE CAREERS AND DEVELOP ESSENTIAL SKILLS
PREPARING FOR LIFE AFTER COLLEGE
  • Prepare for graduation by making a plan to complete licensing exams, applications, and self-marketing activities.
  • Single out 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 by Career Services. 
  • Connect with the Office of VCU Alumni Relations at Grad Fair, Grad Bash, and the VCULink Industry Network or alumni chapter.
  • 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.
  • Prepare for and take the CFA Exam.
Visit majormaps.vcu.edu for the online version with links.
Sponsored by the Office of the Provost
Major map compass icon
2022-2023

Finance

School of Business

Concentration(s):
Risk Management and Insurance
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 choose electives.
  • Sharpen your study skills in supplemental instruction sessions at the Campus Learning Center.
  • Meet with a writing consultant to hone your writing skills.
  • Enroll in a student success course to connect with campus advisors and build community around your interests and goals.
  • Map out a 4-year course plan in DegreeWorks' Student Educational Planner.
  • Take Math Placement; register for math classes each semester through SCMA 302.
  • 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.
  • Complete your Handshake profile and opt-in to industry email lists.
  • Set up a profile in the Student Opportunity Center to explore REAL opportunities.
  • Consider applying for a federal work-study job on- or off-campus in Handshake.
  • Seek research opportunities by applying for research funding through the Undergraduate Research Opportunities Program.
  • Apply to be a Division of Student Affairs peer leader.
  • Create a draft resume, submit it to VMock for initial feedback, and meet with a Career Coach in Business Career Services to discuss it.
  • Plan to complete at least 2 internships before the start of your 4th year.
  • Take Winning Presentations to develop needed public speaking and communication skills.
Experience Year 2
  • Get familiar with the research process with the VCU Libraries Research Basics Guide.
  • Schedule an appointment with your advisor to explore minors, certificates, and plan your required REAL experience.
  • Talk to professors about your research interests, electives, and strategies for success in your classes.
  • Explore innovation and business/non-profit creation classes with the da Vinci Center.
  • Be prepared for a challenging year of ACCT, ECON and math classes. Use tutoring at the Campus Learning Center to get ahead.
  • Make sure to take INFO 165.
  • Make friends with diverse perspectives and join a cultural or identity-related student organization.
  • Explore social issues, develop cultural competency skills, and engage with faculty through iExcel pop-up courses.
  • Investigate globally-focused courses in your major by pursuing language coursework or setting language proficiency goals with advisors and faculty.
  • Apply for the Critical Languages Scholarship.
  • Investigate spending a summer abroad with the International Consulting Program or participate in a Study Abroad opportunity.
  • Consider learning a language; open doors to international organizations & future study.
  • Complete a gap analysis with your career advisor to identify key skills required for your professional field.
  • Seek out practical experience through independent skill-building, internships, shadowing, or part-time work.
  • Explore global career options with a career advisor to set goals for getting your dream job.
  • Organize examples of your academic and professional experiences, accomplishments, and reflections in an ePortfolio.
  • Attend career and internship fairs and other professional development events.
  • Pursue a digital badge to highlight the knowledge, skills, and experiences employers and graduate schools value.
  • Attend Black & Gold Academy, Career & Internship Fairs, and career events throughout the year. 
  • Conduct informational interviews or shadow someone in a field of professional interest.
  • Connect with alumni on VCULink for career advice, industry contacts, and meaningful professional relationships.
  • Ask a faculty or staff member to be your academic and professional mentor and to provide future letters of recommendation.
  • Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.
  • Participate in Explore Informational Interviews and Connect Mentoring Program through Office of Student Engagement.
Year 3
  • Enhance your business, software, technology, and creative skills using LinkedIn Learning.
  • See your academic and career advisors to discuss graduation progress and career planning.
  • Take a virtual library tour to learn about library spaces, services, and research help.
  • Be aware of the 4 course sequence: FIRE 311, 312, 321, and 461. Seek academic support early, do not get below a C.
  • Conduct independent undergraduate research.
  • Build language proficiency and cultural competence by carrying out your plans for study abroad, internships, and service-learning.
  • Get required REAL experience and effect community change by using iExcel’s Active Citizen’s Toolkit to vote and volunteer.
  • Explore new cultures at one of Richmond’s wide array of festivals.
  • Prepare for future work on multidisciplinary and multicultural teams by showcasing your interpersonal skills on your resume.
  • Experience VCU’s richness of diversity by attending VCU’s annual Intercultural Festival.
  • Participate in VCU Arts Qatar Day and apply for the Qatar Leadership Exchange.
  • Make a plan with your academic, career, and faculty advisors for applying to graduate school or land a micro-internship.
  • Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.
  • Study for and complete any standardized exams required for graduate school 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.
  • Talk to advisors, faculty, and Business Career Services about graduate school versus a job.
  • Apply for CFA Exam Scholarship.
  • Join the Richmond Chapter of RMA.
Excel Year 4
  • Schedule an appointment with your academic advisor the semester before you graduate to ensure that all graduation requirements will be met.
  • Choose REAL electives to diversify your skillset and round out your degree.
  • Take FIRE 321, and 441 in the Fall and FIRE 417, 451, 461 in the Spring.
  • Complete the BUSN 499 Business Knowledge Exam.
  • Take MGMT 434 in your final semester. Be aware of the multiple prereqs!
  • Carry out globally-oriented research projects with multilingual faculty and international partners.
  • Read scholarly articles about diversity in your field.
  • Master your answers to interview questions about your experience working with diverse populations.
  • Plan for how you will grow your cultural agility after graduation.
  • Read the VCU Common Book, and participate in community-related events.
  • Complete at least one internship during your senior year at an employer where you would like to work.
  • Prepare for graduation by making a plan to complete licensing exams, applications, and self-marketing activities.
  • Single out 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 by Career Services. 
  • Connect with the Office of VCU Alumni Relations at Grad Fair, Grad Bash, and the VCULink Industry Network or alumni chapter.
  • 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.
  • Prepare for and take the CFA Exam.