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Risk Management and Insurance

Finance is the study of managing money - obtaining the money that individu- als and organizations need then spending and investing that money in the most effective and efficient manner.

Finance students select courses to develop a foundation for financial management in a variety of settings. These courses develop skills to analyze financial data, value financial and real assets, and provide financial advice to individuals and companies making decisions about allocating scarce resources in a global environment.

The Risk Management and Insurance Concentration prepare students for all aspects of the insurance industry. The skills taught in this major prepare students for careers as analytical staff members of major insurance companies, consultants, insurance agents or brokers, employee benefit specialists, and risk managers. Students gain critical knowledge to sit for Chartered Life Underwriter (CLU) and the Chartered Financial Consultant (ChFC) exams.

Consistent with the College's connected learning philosophy, The Finance major offers students various connected learning as well as service learning opportunities, in which students gain valuable hands on experience in Finance. Students are highly encouraged to take a Service Learning course - SVL 108, Tax volunteer. The Internship program provides a capstone work experience for all Finance students during their senior year. Graduates receive a Bachelor of Science degree in Finance with concentration.

The following goals and associated learning outcomes delineate what we strive for students to achieve when they complete the major program of study in Finance:

Goal 1: Knowledge of Finance Information
Upon completion of the major program of study in Finance, students will be able to

  1. Identify, measure, record, and communicate financial information relating to an organization
  2. Interpret, analyze, and evaluate financial information relating to an organization
  3. Demonstrate the acquisition of analytical, quantitative, and critical thinking skills necessary for decision making
  4. Use industry specific software

Goal 2: Application of Business Information
Upon completion of the major program of study in Finance, students will be able to

  1. Apply quantitative research methods to various propositions relating to business organizations
  2. Apply qualitative research methods to various propositions relating to business organizations
  3. Integrate business information into effective decision making

Goal 3: Ethical Decision-making
Upon completion of the major program of study in Finance, students will be able to

  1. Identify ethical issues implicit in business
  2. Evaluate and decide among alternative solutions to ethical problems

Goal 4: Professional skills
Upon completion of the major program of study in Finance, students will be able to

  1. Communicate effectively in writing for the discipline
  2. Communicate effectively orally for the discipline
  3. Work effectively in teams