Academic Programs / Business & Management
Risk Management and Insurance
R. B. Drennan, Program Director
Ritter Annex 403
215-204-8894
Rob.drennan@temple.edu
http://sbm.temple.edu/dept/rihm
Temple University's program in Risk Management and Insurance is nationally recognized. Located in the Department of Risk, Insurance, and Healthcare Management, the program prepares students to identify and evaluate various sources of risk, then select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution.
Graduates of this program often enter the risk management or employee benefit departments of large businesses and other organizations. They may also take challenging positions within insurance or benefit consulting firms, brokerage firms, agency operations, or insurance companies.
Risk management and insurance majors are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma, Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science. The organization hosts numerous guest speakers from the industry, sponsors a variety of career development seminars, and maintains a widely-distributed résumé book. For more information, please contact the GIS President, at 215-204-9368 or visit the website at www.sigmachapter.org/mainpage.php.
Major Tracks within Risk Management and Insurance
Students in the RMI major may select from one of three tracks depending on their interests. These include:
- Employee Benefit Management
- Healthcare Risk Management
- Property-Liability/Corporate Risk Management
Summary of Requirements
Students must meet College Graduation requirements, including the requirements of the major listed below. Students pursuing any of the Risk Management and Insurance major/tracks must attain a 2.0 cumulative GPA and 2.0 in the major/track to graduate with the Risk Management major. Use the major GPA calculator at www.fox.temple.edu/advising to calculate the GPA in the major.
Requirements of Employee Benefit Risk Management Major
Required courses |
|
|
|
|
Department |
Course # |
Course Name |
Hours |
RCI |
Risk Mgmt & Ins |
0205 |
Life and Health Insurance and Employee Benefits |
3 |
|
Risk Mgmt & Ins |
0209 |
Property and Liability Insurance Coverages |
3 |
|
Risk Mgmt & Ins |
W355 |
Advanced Topics in Health and Welfare Employee Benefits |
3 |
WI |
Select one of the following:* |
|
3 |
|
Risk Mgmt & Ins. |
0325 |
Retirement Plans |
|
|
Risk Mgmt & Ins |
0339 |
Actuarial Applications of Risk Mgmt & Insurance |
|
|
Healthcare Mgmt |
0201** |
Healthcare Financing and Information Technology |
|
|
Risk Mgmt & Ins** |
|
RMI Electives - one or two courses excluding RMI 0288, 0395, 0396. |
3-6 |
|
International course - select one: |
3 |
|
Economics |
0250*** |
International Trade |
|
|
Economics |
0251*** |
International Monetary Economics |
|
|
Finance |
0250 |
International Financial Markets |
|
|
Finance |
0251 |
International Financial Management |
|
|
GSM |
0380 |
Global Strategic Management |
|
|
HRM |
0201 |
International Human Resource Management |
|
|
Law and Business |
0106 |
International Law |
|
|
Marketing |
0250 |
International Marketing |
|
|
Economics^ |
|
Any 200 level Economics course, excluding Economics 0288 and 0289. |
0-3 |
|
Business Electives |
|
Select one to three electives from business departments 0100 - 0399^^ |
3-9 |
|
Subtotal |
|
|
27 |
|
|
|
|
|
|
* Courses in this category satisfy the technology requirement for the major. |
|
|
** If Healthcare Management 0201 is taken to fill the technology requirement, the student will need one additional elective in Risk Management & Insurance to meet the Department's five course RMI requirement for the major. |
|
*** If Economics 0250 or 0251 is chosen to fulfill the International requirement, you will also satisfy the 200 level Economics requirement. It is the recommendation of the Department that you do not take these courses. |
|
^ If you did not take Economics 0250 or 0251, it is highly recommended that you take Economics 0203 (Economics of Risk and Uncertainty) or Economics 0262 (Health Economics) to meet this requirement. |
|
^^ Students are strongly recommended to select and complete a second major field of concentration. Please discuss recommended majors with the Chair of RMI. |
|
|
|
|
|
|
Requirements of Healthcare Risk Management Major
Required courses |
|
|
|
|
Department |
Course # |
Course Name |
Hours |
RCI |
Risk Mgmt & Ins |
0205 |
Life and Health Insurance and Employee Benefits |
3 |
|
Risk Mgmt & Ins |
0209 |
Property and Liability Insurance Coverages |
3 |
|
Healthcare Mgmt |
0101 |
Introduction to the Health Services System |
3 |
|
Healthcare Mgmt |
0201* |
Healthcare Financing and Information Technology |
3 |
|
Economics |
0262 |
Health Economics |
3 |
|
Select one of the following: |
|
3 |
|
Risk Mgmt & Ins |
W355 |
Advanced Topics in Health and Welfare Employee Benefits |
|
WI |
Risk Mgmt & Ins |
W359** |
Global Corporate Risk Management |
|
|
Risk Mgmt & Ins** |
0329 |
Property and Liability Insurance Company Operations |
0-3 |
|
International course - select one: |
3 |
|
Economics |
0250 |
International Trade |
|
|
Economics |
0251 |
International Monetary Economics |
|
|
Finance |
0250 |
International Financial Markets |
|
|
Finance |
0251 |
International Financial Management |
|
|
GSM |
0380 |
Global Strategic Management |
|
|
HRM |
0201 |
International Human Resource Management |
|
|
Law and Business |
0106 |
International Law |
|
|
Marketing |
0250 |
International Marketing |
|
|
Business Electives |
|
Select one to two electives from business departments 0100 - 0399*** |
3-6 |
|
Subtotal |
|
|
27 |
|
|
|
|
|
|
* Satisfies the technology requirement for the major. |
|
|
** If Risk Management & Insurance W359 is taken to fill the capstone writing requirement, the student must also take the prerequisite for the course RMI 0329 (Property & Liability Insurance Company Operations). |
|
*** Students are strongly recommended to select and complete a second major field of concentration. Please discuss recommended majors with the Chair of RMI. |
|
Note: It is highly recommended that students take Healthcare Management W301 (Integrated Delivery Systems and Managed Care) as one of their business electives. |
|
|
|
|
|
|
Requirements of Property-Liability/Corporate Risk Management Major
Required courses |
|
|
|
|
Department |
Course # |
Course Name |
Hours |
RCI |
Risk Mgmt & Ins |
0205 |
Life and Health Insurance and Employee Benefits |
3 |
|
Risk Mgmt & Ins |
0209 |
Property and Liability Insurance Coverages |
3 |
|
Risk Mgmt & Ins |
0329 |
Property and Liability Insurance Company Operations |
3 |
|
Risk Mgmt & Ins |
W359 |
Global Corporate Risk Management |
3 |
WI |
Select one of the following:* |
|
3 |
|
Risk Mgmt & Ins |
0325 |
Retirement Plans |
|
|
Risk Mgmt & Ins |
0339 |
Actuarial Applications of Risk Management & Insurance |
|
|
Healthcare Mgmt |
0201** |
Healthcare Financing and Information Technology |
|
|
Risk Mgmt & Ins |
|
Any RMI elective course - needed only if HM 0201 is taken in category above |
0-3 |
|
International course - select one: |
3 |
|
Economics |
0250*** |
International Trade |
|
|
Economics |
0251*** |
International Monetary Economics |
|
|
Finance |
0250 |
International Financial Markets |
|
|
Finance |
0251 |
International Financial Management |
|
|
GSM |
0380 |
Global Strategic Management |
|
|
HRM |
0201 |
International Human Resource Management |
|
|
Law and Business |
0106 |
International Law |
|
|
Marketing |
0250 |
International Marketing |
|
|
Economics^ |
0200+ |
Any 200 level Economics course, excluding Economics 0288 and 0289 |
0-3 |
|
Business Electives |
|
Select one to three electives from business departments 0100 - 0399^^ |
3-9 |
|
Subtotal |
|
|
27 |
|
|
|
|
|
|
* Courses in this category satisfy the technology requirement for the major. |
|
|
** If Healthcare Management 0201 is taken to fulfill the technology requirement, the student will need one additional elective in Risk Management & Insurance to meet the Department's five course RMI requirement for the major. |
|
*** If Economics 0250 or 0251 is chosen to fulfill the International requirement, you will also satisfy the 200 level Economics requirement. It is the recommendation of the Department that you do not take these courses. |
|
^ If Economics 0250 or 0251 is not taken, it is highly recommended that you take Economics 0203 (Economics of Risk & Uncertainty) or Economics 0262 (Health Economics) to meet this requirement. |
|
^^ Students are strongly recommended to select and complete a second major field of concentration. Please discuss recommended majors with the Chair of RMI. |
|
|
|
|
|
|
Joint Program for RMI and HRM Majors
The Risk Management and Insurance Department and the Human Resource Management Department now offer several joint programs for students interested in a career in employee benefits and/or human resource management. These programs allow students to broaden their career options by taking advantage of the cross-training offered by these departments.
- HRM major with a RMI concentration: Students take RMI 0205 (Life and Health Insurance and Employee Benefits) and RMI 0325 (Retirement Plans).
- RMI major with a HRM concentration: Students take HRM 0085 (Introduction to Personnel/Human Resource Management) and HRM 0340 (Compensation Management).
- Dual HRM/RMI major: Students fulfill all requirements for both majors.
For more information on joint HRM/RMI courses, contact Rob Drennan 215-204-8894.
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