Insurance and Risk Management (BS)

On Campus

Build working knowledge of the risk management, insurance, and financial planning industries, and develop analysis, leadership, and risk-mitigation skills, with a degree in Insurance and Risk Management from Indiana State University.

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Why Earn a Bachelor’s Degree in Insurance and Risk Management at Indiana State?

Insurance and risk management (IRM) is a stable, high-paying industry with growing demand and significant opportunities for college graduates. The Scott College of Business has one of the nation’s most highly regarded IRM degree programs. 

Prepare for First-Tier Careers

As an Insurance and Risk Management major at Indiana State, you will learn how to identify and analyze potential risks to business, property, and reputation.

Our comprehensive business coursework teaches you skills in risk analysis, financial analysis, insurance principles, ethics, data analytics, claims management, liability insurance, risk modeling, and related responsibilities. The program serves as the foundation for professional designations and licenses in insurance and risk management.

IRM majors benefit from hands-on learning opportunities in paid internships with major firms and brokerages; establish mentor relationships with leading industry executives; and compete in national industry competitions.

Learn from Our Excellent Faculty

Instructors in the Scott College of Business bring decades of business, industry, and academic experience to every course. Small class sizes allow faculty to provide personalized attention and feedback, and their industry knowledge and networks can give you the inside track on internships, job openings, and other career opportunities.

Connect Through Experience

IRM majors are invited to participate in Scott College of Business activities and organizations, including Indiana State’s chapter of Gamma Iota Sigma, the international collegiate risk management, insurance, and actuarial science organization. There are opportunities to compete in IRM college events sponsored by industry firms and to attend the annual Insurance Public Policy Summit in Washington, D.C., co-sponsored by the Scott College of Business Networks program and Faegre Drinker.

International travel opportunities also exist for IRM majors; a course on surplus lines insurance, for example, involves a trip to London. 

What You'll Learn in the Insurance and Risk Management Program

The Insurance and Risk Management BS offers opportunities to study topics including life insurance, commercial risk management, employee benefits, investments, health insurance, commercial property and liability insurance, financial planning, and insurance operations. Other courses include accounting, legal business, management, and organizational behavior.

The IRM program concludes with a senior business experience – a capstone course in the Scott College of Business and an upper-division elective foundational course. These will focus on the theory and practice of strategic management; project completion will demonstrate skills in the functional areas of business.



Transfer Credit

Indiana State University accepts credit from regionally accredited colleges and universities within the United States, and from selected schools located outside the United States. Credit also may be granted for military training and experience. Previously earned college credit can be applied toward completion of the program per Indiana State's transfer guidelines.

Transfer Guidelines

Career Possibilities for Insurance and Risk Management Majors

Insurance and Risk Management graduates are prepared for leadership roles as underwriters, risk analysts, consultants, brokers, claim adjusters, actuaries, and other risk and insurance professions.

The demand for insurance and risk management professionals is growing. The U.S. Bureau of Labor Statistics projects high growth rates in these related occupations:

Male professor looking into the camera on the left side of the image with a hallway visible on the right.

Meet Jin Park, Chair of Department of Accounting, Finance, Insurance and Risk Management

“Insurance and risk management is not a subject that overlaps with a lot of subjects they’ve [students] taken before, and they come in thinking that they don’t know much about what my class is about. But I tell them they’ve been practicing risk management. They’ve been maintaining good grades and talking to other students about what professors to take for different courses, and that is all a part of risk management.” – Jin Park, Ph.D.

Read Dr. Park’s story.


Indiana State University is accredited by the Higher Learning Commission.

Higher Learning Commission

In addition, all programs in the Scott College of Business are accredited by AACSB International.

The Insurance and Risk Management program is recognized as one of the top undergraduate programs in North America—and is one of two Indiana State programs of National Distinction. 

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