Bachelor of Business AdministrationÌýin Risk Management and Insurance

Develop the technical expertise and strategic vision necessary to control, identify and manage risk with aÌýBachelor of Business Administration (BBA) in Risk Management and InsuranceÌýin 51¶¯Âþ’s . The program exposes students to issues in managing property-liability risk, human capital risk and international risk. Students also gain deeper expertise in retirement planning, risk financing, health and welfare employee benefits and enterprise risk management.

This 124-credit undergraduate degree will prepare students to examine and find solutions to the risks that affect the bottom line of major corporations and companies in a multinational setting. Through innovative coursework and real-world experience, you’ll gain the skills necessary to mitigate risk through insurance and other mechanisms of risk transfer. You will also learn to respond to numerous uncertainties around property liability exposures and employee benefits programs.

51¶¯Âþ offers three tracks within the Risk Management and InsuranceÌýBBA, depending on your desired course of study.

  • Employee Benefits
  • Healthcare Risk
  • Property Liability andÌýCorporate Risk

Graduates of 51¶¯Âþ’s Risk Management and Insurance BBAÌýprogram have found success in the employee benefit consulting, underwriting, and risk management departments of major corporations, including

  • All Risks Ltd.,
  • Assured Partners,
  • Brown and Brown,
  • Chubb Insurance,
  • CNA,
  • Great American,
  • Lockton,
  • Munich RE,
  • Pennsylvania Lumbermans Mutual,
  • Reliance Standard and
  • Trion.

Students will also have the opportunity to get involved with , the national award-winning professional student Risk Management and Actuarial Science organization at 51¶¯Âþ. By joining, you will benefit from real-world knowledge shared by guest speakers currently leading the industry. You will also work alongside graduate students, faculty and staff and have access to a host of career development seminars.

Students in suits having a discussion at a meeting.

Employee Benefits Concentration for Human Resource MajorsÌý

The Department of Risk, Insurance and Healthcare Management offers Risk Management and Insurance courses that complement the Department of Human Resource Management's courses for students interested in a career in employee benefits and/or human resource management. These courses allow students to broaden their career options by taking advantage of the cross-training offered by these departments.

These courses include

  • Managing Human Capital Risk and
  • Retirement Plans.

For more information on joint Human Resource Management/Risk Management and Insurance courses, contact

James I. Hilliard
Office: Alter Hall 632
Email:Ìýjames.hilliard@temple.edu

Path to CPCU or CEBS Designations

Knowledge and experience gained from the Risk Management and Insurance BBA major prepares students for a number of post-graduate exams, including the (CPCU) exams and the Ìý(CEBS) exams. Such designations demonstrate specialized expertise around complex subject matter, including employee benefit planning,Ìýhealthcare management, retirement planning, property-casualty insurance and risk management. Earning a CPCU or CEBS designation gives you a competitive advantage in theÌýjob market.

Distinguished Faculty

The diverse faculty in the Department of Risk, Insurance and Healthcare Management brings extensive real-world knowledge to this degree program, with some professors holding more than 25 years of high-level industry experience in risk management and insurance economics. Professors have published in an array of relevant periodicals, including theÌýJournal of Risk and Insurance, Journal of Risk and Uncertainty,ÌýRisk Management and Insurance Review, the North American Actuarial Review, the Journal of Banking and Finance, and the Journal of Law and Economics. Among the many accolades faculty members have earned over the years are the Shin Research Excellence Award, the Adam Smith Leadership Award for Academic Excellence and Educational Leadership,Ìýand 51¶¯Âþ's Great Teacher Award. Faculty are also active in the field and hold leadership positions within risk management and insurance professional societies, as well as the , and the .Ìý

Classes & CurriculumÌý

Core courses vary across the three tracks of study within the Risk Management and Insurance Major program.

Learn more about required courses in the Risk Management and Insurance Major curriculum.

Related Graduate Degrees

Related Graduate Certificates

Tuition & Fees

In keeping with 51¶¯Âþ’s commitment to access and affordability, the Bachelor of Business Administration offers a competitive level of tuition with multiple opportunities for financial support.

Tuition rates are set annually by the university and are affected by multiple factors, including program degree level (undergraduate or graduate), course load (full- or part-time), in-state or out-of-state residency, and more.ÌýYou can view the full .

These tuition costs apply to the 2024–2025 academic year.

Pennsylvania resident:Ìý$23,712.00Ìýper year
Out-of-state: $43,080.00Ìýper year

Concentrations

You can focus on Risk Management and Insurance or you can take one of the following concentrations.

  • Healthcare Risk Management

    Explore the dynamics between risk management, quality improvement and patient safety and learn how these aspects impact the business of healthcare and patient health. Examine the financial, technological and health services systems required to successfully operate healthcare management organizations. Students participate in hands-on exercises and experiences at an area healthcare institution to bridge the gap between the classroom and the various practices of risk management.Ìý

  • Managing Corporate Risk

    Gain a comprehensive understanding of risk management within complex global organizations and corporations. Learn how to identify and manage emerging risks by using tools such as key risk indicators, risk maps, risk registers and more. Students also obtain foundational knowledge of the financial characteristics of the property-liability insurance industry as well as noninsurance financing techniques available to corporations.Ìý

  • Managing Human Capital Risk

    Examine issues in the operation and design of health and welfare employee benefit plans. Students will analyze the types of individual retirement and pension plans, as well as other employee benefit topics that organizations manage. Subjects include employee stock ownership, funding issues, group insurance, healthcare costs, managed care plans, state and federal regulation, savings plans, tax implications, and more.Ìý

BU-RMI-BBA

Additional Program Information