Risk Management, Financial Planning and Insurance Minor

The minor in risk management and insurance includes study in the areas of investments, corporate finance, financial institutions, principles of insurance, risk management, property and liability insurance, and life and health insurance. The knowledge and analytical abilities acquired by students majoring in Risk Management and Insurance prepare them for rewarding careers. There are many diverse employment opportunities in Risk Management and Insurance.

Career Opportunities

Career opportunities in risk management and insurance include sales (agent, broker, direct writer), claims, underwriting, ratemaking, risk management, loss control, investments, accounting, data processing, law, and other functional areas.

Scholarships and Internships

Scholarships are available from the Memphis RIMS Chapter. In past semesters, majors with a 2.5 GPA or better have received financial support. Insurance Women of Memphis also provides a scholarship.

Internships are available with local private and public entities. Many students participate in the campus and off-campus opportunities through college internship programs, and industry introductory positions.

Minor Requirements

For Students Whose Major Is in the Fogelman College of Business and Economics (9 hours):

• FIR 4870 - Risk Management

Choose two (2) courses from the following:

• FIR 1220 - Personal Financial Management
• FIR 3710 - Investments
• FIR 3810 - Principles of Risk/Insurance
• FIR 4011 - Retirement and Estate Planning
• FIR 4620 - Cases in Financial Planning

For Students Whose Major Is within another College at the University (21 hours):

• ACCT 2010 - Fundamentals of Acct I
• ECON 2020 - Intro to Microeconomics
• SCMS 2710 - Business Analytics -Statistics or equivalent
• FIR 4011 - Retirement and Estate Planning
• FIR 4870 - Risk Management
• and six (6) additional hours from FIR 1220 or upper division hours in insurance or finance approved by the department chair