The undergraduate Certificate in Risk Management and Insurance (RMI) requires at least 23-35 s.h. of credit: 35 s.h. for B.B.A. students with a major in finance, 34-35 s.h. for students with a major in mathematics (specialization in risk management and insurance or in finance), 23 s.h. for actuarial science majors, and 26 s.h. for other majors.

Students must maintain a g.p.a. of at least 2.00 in work for the certificate. The certificate may be earned by any student admitted to the University of Iowa who is not concurrently enrolled in a graduate or professional degree program.

Students must declare their intent to earn the certificate with the RMI advisor. Some courses have prerequisites; students must complete prerequisites before they may register for a course. For more information, see Risk Management and Insurance Certificate on the Emmett J. Vaughan Institute of Risk Management and Insurance website.

The Certificate in Risk Management and Insurance requires the following coursework.

Foundation Courses

All students complete the following (11 s.h.).

ACCT:2100Introduction to Financial Accounting (not required for actuarial science majors)3
ECON:1100Principles of Microeconomics4
ECON:1200Principles of Macroeconomics4

RMI Courses

All students complete the following (15 s.h.).

One of these:
FIN:3000Introductory Financial Management3
FIN:3300Corporate Finance (for actuarial science majors)3
ISE:2500Engineering Economy (for engineering majors)3
Both of these:
FIN:3400Principles of Risk Management and Insurance (with grade of C or higher)3
FIN:4410Enterprise Risk Management3
Two of these:
FIN:4420Property and Liability Insurance3
FIN:4430Life and Health Insurance3
FIN:4440Employee Benefit Plans3
FIN:4450Risk Modeling3
FIN:4460Insurer Operations and Captive Management3

Additional Coursework for Finance and Mathematics Majors

In addition to the above requirements, finance majors or mathematics majors (math program C, finance and RMI tracks) also must complete the following courses.

Finance Major

B.B.A. students majoring in finance complete three of these (9 s.h.).

BAIS:3025Business Process Automation3
MGMT:4100Dynamics of Negotiations3
MKTG:4200Sales Management3
A maximum of three finance courses (prefix FIN) numbered 4000 or above, excluding those taken to satisfy RMI courses above

Mathematics Major with Specialization

Students majoring in mathematics with a specialization in risk management and insurance or a specialization in finance complete three of these (8-9 s.h.).

ACCT:3020Financial Accounting and Reporting3
ACCT:3200Income Measurement and Asset Valuation (accounting majors take this instead of ACCT:3020)3
FIN:3100Financial Information Technology2
FIN:3200Investment Management3
FIN:3300Corporate Finance3
FIN:4210Futures and Options3
FIN:4220Fixed Income Securities3
FIN:4230Real Estate Process3
FIN:4320Commercial Banking3

Risk Management and Insurance Affiliated Courses

The Department of Finance offers seven 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. Students should view the course descriptions and prerequisites for each of the courses below.

FIN:3400Principles of Risk Management and Insurance3
FIN:4410Enterprise Risk Management3
FIN:4420Property and Liability Insurance3
FIN:4430Life and Health Insurance3
FIN:4440Employee Benefit Plans3
FIN:4450Risk Modeling3
FIN:4460Insurer Operations and Captive Management3

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, Certificate

Finance Majors

Plan of Study Grid (Manual)
Academic Career
Any SemesterHours
This sample plan is intended for BBA students majoring in finance.
Students must successfully complete ECON:1100 Principles of Microeconomics and ECON:1200 Principles of Macroeconomics before beginning FIN:3400 Principles of Risk Management & Ins.
To declare the certificate students should be enrolled in FIN:3400 Principles of Risk Management & Ins.
Maintain a cumulative GPA of at least 2.00 in all courses, UI courses, RMI (Risk Management and Insurance) courses and UI RMI courses.
Meet with the RMI advisor for planning and to learn about additional benefits of the RMI certificate; more information is included in the General Catalog and on Tippie College of Business website.
 Hours0
First Year
Any Semester
ECON:1100 Principles of Microeconomics a 4
ECON:1200 Principles of Macroeconomics a 4
 Hours8
Second Year
Any Semester
ACCT:2100 Introduction to Financial Accounting a, b 3
FIN:3400 Principles of Risk Management and Insurance c 3
 Hours6
Third Year
Any Semester
Certificate: RMI elective d 3
Certificate: additional elective approved for finance majors e 3
 Hours6
Fall
FIN:3000 Introductory Financial Management 3
FIN:4410 Enterprise Risk Management f 3
 Hours6
Fourth Year
Any Semester
Certificate: RMI elective d 3
Certificate: additional elective approved for finance majors e 3
Certificate: additional elective approved for finance majors e 3
 Hours9
 Total Hours35
a
Discuss transfer credit or credit by exam with advisor.
b
To be able to enroll in this course, students must have already completed the required minimum number of semester hours. See MyUI courses/registration page for details. The ACCT:2100 requirement is waived for actuarial science majors.
c
May be taken any semester after prerequisites are completed. May also be taken first semester of year three concurrently with FIN:3000. Students must obtain a grade of C or higher in FIN:3400.
d
Choose from FIN:4420, FIN:4430, FIN:4440, FIN:4450, or FIN:4460. Two RMI electives (6 s.h.) must be completed before graduation. Each course is offered only once per year. Typically at least two RMI elective courses are offered each fall and each spring. Some courses may satisfy the Tippie College of Business RISE requirement.
e
Three electives (9 s.h.) are required before graduation. These include any finance course (prefix FIN) numbered 4000 or above that has not been previously taken. Finance majors may also take MGMT:4100, MKTG:4200, or BAIS:3025.
f
This core required course is offered only in the fall. May be taken fall of year three or year four if prerequisite is completed. Course may satisfy the Tippie College of Business RISE requirement.