The Bachelor of Business Administration with a major in risk management and insurance (RMI) requires a minimum of 120 s.h., including 22 s.h. of work for the major. Students must have a cumulative grade-point average (GPA) of at least 2.00 in all college coursework attempted, all college coursework attempted in business, all college coursework attempted in the major, all coursework attempted at the University of Iowa, all business coursework attempted at the University of Iowa, and all coursework in the major attempted at the University of Iowa. Students in this major are not eligible to earn the Certificate in Risk Management and Insurance.
The Bachelor of Business Administration with a major in risk management and insurance requires the following coursework. For BBA common requirements, see the Bachelor of Business Administration in the catalog.
| Requirements | Hours |
|---|---|
| RMI Common Required Courses | 13 |
| RMI Required Electives | 9 |
RMI Common Required Courses
| Course # | Title | Hours |
|---|---|---|
| All of these: | ||
| ACCT:3020 | Financial Accounting and Reporting | 3 |
| FIN:3021 | Professional Risk Management and Insurance Seminar | 1 |
| FIN:3400 | Principles of Risk Management and Insurance | 3 |
| FIN:4410 | Enterprise Risk Management | 3 |
| FIN:4420 | Property and Liability Insurance | 3 |
RMI Required Electives
| Course # | Title | Hours |
|---|---|---|
| 9 s.h. from these: | ||
| FIN:4430 | Life and Health Insurance | 3 |
| FIN:4440 | Employee Benefit Plans | 3 |
| FIN:4450 | Risk Modeling | 3 |
| FIN:4460 | Insurer Operations and Captive Management | 3 |
| May include 3 s.h. from these: | ||
| ACTS:3080 | Mathematics of Finance I | 3 |
| BAIS:3025 | Business Process Automation | 3 |
| BAIS:4280 | Cybersecurity | 3 |
| BUS:3800 | Business Writing | 3 |
| FIN:3200 | Investment Management | 3 |
| FIN:3300 | Corporate Finance | 3 |
| MGMT:4100 | Dynamics of Negotiations | 3 |
| MKTG:3100 | Marketing Research | 3 |
| MKTG:4101 | Integrated Marketing Communications | 3 |
| MKTG:4200 | Sales Management | 3 |
| MKTG:4201 | Professional Selling | 3 |
Since the risk management and insurance (RMI) major is new this year, expectations are for an excellent placement rate for the first graduating class. The RMI industry accounts for 11% of Iowa's gross domestic product. Chicago is a regional insurance hub, and the few other RMI programs in the country meet less than 10% of the national demand for talent.
Standard careers for students majoring in risk management and insurance include corporate risk management, underwriting, risk analytics, loss control, claims management, brokerage and producer (sales) roles, risk consulting, and employee benefits consulting.
The Pomerantz Career Center offers multiple resources to help students find internships and jobs. For more information about careers, visit the Pomerantz Career Center website.
Sample Plan of Study
Sample plans represent one way to complete a program of study. Actual course selection and sequence will vary and should be discussed with an academic advisor. For additional sample plans, see MyUI.
Risk Management and Insurance, BBA
| Academic Career | ||
|---|---|---|
| Any Semester | Hours | |
| Students are required to complete 52 s.h. of non-business coursework. Courses with a prefix of ACCT, BAIS, BUS, ECON, ENTR, FIN, MGMT, and MKTG will not count towards non-business hours. Check degree audit for non-business hours or confer with academic advisor. | ||
| Students who need to complete the World Language requirement should consult with their academic advisor about when to add courses to plan of study. World Language counts as non-business coursework. | ||
| To fulfill the Tippie RISE experiential learning requirement, complete an approved course in at least one of the following categories: research with faculty, internship course, study abroad, experiential course. a | 0 - 3 | |
| Students must satisfy the Tippie College of Business residence requirement: 45 hours of UI coursework after admission to Tippie. | ||
| Hours | 0-3 | |
| First Year | ||
| Fall | ||
| MATH:1350 | Quantitative Reasoning for Business b | 4 |
| RHET:1030 | Rhetoric | 4 |
| ECON:1100 | Principles of Microeconomics | 4 |
| GE: Social Sciences c | 3 | |
| CSI:1600 | Success at Iowa | 2 |
| Hours | 17 | |
| Spring | ||
| STAT:1030 | Statistics for Business | 4 |
| ECON:1200 | Principles of Macroeconomics | 4 |
| BAIS:1500 | Business Computing Essentials | 2 |
| ENGL:1200 | The Interpretation of Literature | 3 |
| GE: Diversity and Inclusion c | 3 | |
| Hours | 16 | |
| Second Year | ||
| Fall | ||
| ACCT:2100 | Introduction to Financial Accounting | 3 |
| BAIS:2800 | Foundations of Business Analytics | 3 |
| MGMT:2000 | Introduction to Law | 3 |
| BUS:2200 | Foundations for Success in Business d | 1 |
| GE: Natural Sciences without Lab c | 3 | |
| GE: Historical Perspectives c | 3 | |
| Hours | 16 | |
| Spring | ||
| FIN:3021 | Professional Risk Management and Insurance Seminar | 1 |
| FIN:3400 | Principles of Risk Management and Insurance | 3 |
| FIN:3000 | Introductory Financial Management | 3 |
| ACCT:2200 | Managerial Accounting Analytics and Data Visualization | 3 |
| BAIS:3000 | Operations Management | 3 |
| BAIS:3005 | Information Systems | 2 |
| Hours | 15 | |
| Third Year | ||
| Fall | ||
| FIN:4410 | Enterprise Risk Management | 3 |
| ACCT:3020 | Financial Accounting and Reporting | 3 |
| BUS:3000 | Business Communication and Protocol e | 3 |
| GE: International and Global Issues c | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Hours | 15 | |
| Spring | ||
| FIN:4420 | Property and Liability Insurance | 3 |
| Major: RMI required elective f, g | 3 | |
| MGMT:2100 | Introduction to Management | 3 |
| GE: Values and Culture c | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Hours | 15 | |
| Fourth Year | ||
| Fall | ||
| Major: RMI required elective f, g | 3 | |
| MKTG:3000 | Introduction to Marketing Strategy | 3 |
| Minor, certificate, or non-business elective | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Hours | 15 | |
| Spring | ||
| Major: RMI required elective f, g | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Minor, certificate, or non-business elective | 3 | |
| Degree Application: Degree Application: apply on MyUI before deadline (typically in February for spring, September for fall) h | ||
| Hours | 15 | |
| Total Hours | 124-127 | |
- a
- See degree audit for course options.
- b
- Enrollment in math courses requires completion of a placement exam.
- c
- GE courses may be completed in any order unless used as a prerequisite for another course. Students should consult with an advisor about the best sequencing of courses.
- d
- BUS:2200 should be completed in the second year before taking FIN:3021.
- e
- Must be admitted to Tippie to enroll in BUS:3000. Generally completed during the second year, but should be taken no later than the third year.
- f
- Select from list of approved courses in the General Catalog or on degree audit.
- g
- Several RMI electives are offered only one semester each year. Consult with your advisor about offerings.
- h
- Please see Academic Calendar, Office of the Registrar website for current degree application deadlines. Students should apply for a degree for the session in which all requirements will be met. For any questions on appropriate timing, contact your academic advisor or Graduation Services.