Risk Management & Insurance

Risk Management and Insurance Program
RMI class session

Risk Management & Insurance

Are you a people person who wants to help others? Do you foresee problems and try to prevent them from even happening? If yes, the Risk Management and Insurance industry is looking to you to deliver solutions and make a difference. University of Louisiana Monroe Risk Management and Insurance graduates help business owners stabilize after tragedy strikes and identify issues before they occur, protecting those in their community from risk and financial ruin.

Many opportunities are waiting to be discovered: thousands of open positions, soaring starting salaries, and high job satisfaction rates. These are just a few of the reasons students are jumping on board the Risk Management and Insurance train.

Exciting Careers

Focused coursework in brokerage, underwriting, claims adjusting, and ratemaking (actuarial) means Risk Management and Insurance majors can do it all. These are much more than desk jobs, and you don’t have to just ‘sell insurance.’ Although you could make a lot of money doing so.

Risk Management and Insurance professionals are networkers, problem solvers, and entrepreneurs. We focus on insuring those that are ‘too’ risky and solve challenges for powerhouse companies in growing industries such as oil and gas, sports and entertainment, and property management.

Financial Strength

From meet-and-greets to guest speaking opportunities and student trips, we want you to experience everything that ULM Risk Management and Insurance has to offer. This includes a great potential for a huge monetary pay-off before and after graduation, thanks to generous scholarships and impressive salaries. Current ULM Risk Management and Insurance students and alumni have received tens of thousands of dollars in regional and national scholarships that make studying Risk Management and Insurance not only fun, but affordable.

The payoff? A flexible, stimulating career that will allow you to grow both professionally and financially for years to come.

Graduates from ULM’s Risk Management and Insurance program are highly sought after. Many have six-figure salary jobs lined up months before they even finish their degrees. The income potential is really unlimited!

Cost of Attendance & More

Making sure your program is the right financial investment is an important part of the search process.

COST & FINANCING

Risk Management & Insurance in Photos

rmi student
rmi panel
rmi career day

What sets us apart?

Nationally Recognized for Our Focus and Coursework

ULM’s Risk Management and Insurance program can help you specialize and stand out from other program graduates. We are nationally known for a special area of risk management and insurance called Surplus Lines and Reinsurance. This emphasis focuses on managing high-risk industries such as oil and gas, coastal property, medical, and technology risks.

 

At ULM, you’ll learn to underwrite commercial insurance submissions, use underwriting guides to offer quotes, and create analytical reports recommending client coverage by working through real-world situations, not just theoretical bookwork.

 

Our program is top-notch and has courses that are only taught here at ULM. For example, we offer many experiential learning courses where you can role-play through simulations and gain hands-on experience making industry-related decisions.

 

Assessment doesn’t just happen through paper tests. As an RMI major, you’ll have the opportunity to present what you’ve learned through analysis and presentation in mock insurer-client situations.

High Demand Career

Currently, there are more than 2 million people working in Risk Management and Insurance. By the year 2030, nearly half of this workforce is expected to retire. But because there are only about 40 Risk Management and Insurance programs in the country, industry leaders are scrambling to find candidates to fill these roles in major cities and small towns around the world.

 

This means that Risk Management and Insurance majors are in high demand and you can fill in the gap! ULM is a top university for employers to recruit. Surplus lines brokers across the country hire more graduates from our program than any program in the nation.

 

Most students have full-time positions secured several months before graduation. Alumni recruit here as well and regularly return to hire ULM graduates.

 

What does this mean for you? Whether you want to stay in Louisiana or travel somewhere new, you’ll likely have your pick of jobs in placements all over the country. Many companies allow employees to work remotely, so you can even live and work in a different city than your company's headquarters!

 

In Dallas, New Orleans, Baton Rouge, Houston, Atlanta, Charlotte, Tampa, Los Angeles, and Chicago, the opportunities are endless.

We Prepare You for Many Sectors

Want to be a broker? Awesome! Iffy about becoming an actuary? No problem! There are so many different industries supported by ULM Risk Management and Insurance, making it easy for your to tailor your post-grad career around personal interests.

 

Have you always been fascinated by extreme weather and natural disasters? You might build a career around helping businesses in flood zones reinsure after a big loss. If you are tech-focused, you could hone in on companies that are prone to cyber risks. Have a heart for health? Medical malpractice is an area that always needs Risk Management and Insurance influence. 

 

From insurance to human resources to information science systems, there are so many career paths and different work environments. This four-year degree sets you up for an exciting career and a big salary. Should you choose to continue your education, a undergraduate degree in RMI is a great building block for graduate school. After finishing, you could go on to earn an MBA, pursue law school, or even start your own business.

Industry Experienced and Student-Focused Faculty

You deserve to learn from the best. At ULM, our Risk Management and Insurance faculty all have industry experience and are well-networked. Professors have the experience and connections to help you secure positions after graduation--and they care about doing so.


Risk Management and Insurance faculty work closely with all students to help them secure internships with alumni and business owners. They will also help you develop your career profile, resume, and location preferences, making the post-grad job search a lot easier. This kind of one-on-one career counseling and attention is something you’ll need to make the right choice as graduation approaches and you are bombarded with job opportunities and offers. Because of this, the majority of ULM Risk Management and Insurance students have secured jobs weeks and months before they graduate.

Internship Opportunities

Most ULM Risk Management and Insurance majors participate in a paid industry internship before graduation. Taking part in a Risk Management and Insurance internship will allow you to gain practical experience in the workplace. This boosts confidence when interviewing with potential employers as you will have proven experience working across industries and with client management.

 

Things you might do as an intern:

    • Analyze risk exposures

    • Reconcile insurance accounts

    • Manage evidence of insurance for customers and employees

    • Interact with insurance brokers and underwriters

    • Conduct research and lead special projects

ULM students have been a part of the prestigious, national Wholesale Specialty Insurance Association internship program for the last 25 years. This all-expenses-paid internship includes a paycheck, room and board, and transportation to the city you would like to work. Students have interned in Boston, New York City, Atlanta, Houston, Phoenix, Tampa, and San Francisco, and more over the years.

Scholarships and Funding

Getting a degree in Risk Management and Insurance will bring you job stability and advancement opportunities, but it doesn’t have to be expensive. You will be eligible for numerous scholarship opportunities both regionally and nationally. From national $5,000 scholarships to the $8,000 Stephen Cavanaugh Scholarship for Louisiana Risk Management and Insurance majors, there is plenty of funding to be found. Additionally, 10 ULM Foundation scholarships are available only to Risk Management and Insurance students.

 

Plus, all first-time, full-time freshmen may be eligible to receive Academic Scholarships and Housing Awards, and out-of-state students may qualify for the Out-of-State Warhawk Scholarship, which waives all non-Louisiana resident fees. With ULM’s generous scholarships, your education will be both high quality and more affordable.

 

ULM RMI students may be eligible to apply for additional funding from these National RMI Scholarships:

A Risk Management and Insurance degree opens the door to many career possibilities. This is a global industry that is in high demand and offers opportunities for both growth and above-average starting salaries for recent graduates.

Careers Pursued:

- Surplus Lines Associate Underwriter (or Underwriter Trainee)

- Reinsurance Broker

- Commercial Lines Producer (Broker) Trainee

- Workers' Compensation Claims Adjuster Trainee

- Associate Underwriter (Standard Market)

- Auto Claims Adjuster

- Personal Lines Insurance Agent Trainee

-  P&C or Life Actuary

Other Options

- Pursue a MBA in Business School

- Go to Law School to become an attorney working in the insurance industry

- Start your own business

 

 

MAJOR REQUIREMENTS FOR RISK MANAGEMENT AND INSURANCE

 Course

 Title

 RMIN 2005

 Risk and Insurance (Principles) 

 RMIN 3008

 Business Risk Management

 RMIN 3011

 Social and Health Insurance

 RMIN 3020

 Insurance Operations

 RMIN 3021 

 Commercial Property Insurance

 RMIN 3022

 Commercial Liability Insurance

 RMIN 4008

 Surplus Lines and Reinsurance

 RMIN 4023

 Insurance Seminar

 RMIN 4030

 Insurance Law

 Elective

 Business Elective

 

List of programs/Activities:

• The ULM chapter of the national RMI student organization, Gamma Iota Sigma, is the Alpha Sigma chapter: https://www.ulm.edu/cbss/insurance/gamma.html

• Career Fairs held exclusively for RMI students and RMI industry leaders

• Hosts a monthly speaker series throughout the year

• Offers networking opportunities such as industry-related events and socials with fellow students and alumni

• Provides leadership opportunities for students who hold offices and head committees

• RMI Night of Excellence held each spring

• ULM RMI Reception before Fall and Spring University Career Fairs

• Coordination with the ULM RMI Club, part of the ULM Alumni Association

• ULM RMI Alumni Day in fall and spring

 

Learn more about financial aid options: https://www.ulm.edu/financialaid/

Learn more about scholarship opportunities: https://www.ulm.edu/scholarships/

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