Risk Management and Insurance Training

The risk management and insurance program at Loyola University Chicago prepares students for careers as an insurance manager, agent, underwriter, financial advisor, risk manager, and more. The program focuses on mathematical and statistical analysis of rick and their applications to insurance and other business management problems. Program courses include: forecasting theory, quantitative and non-quantitative risk measurement methodologies, development of risk tables, secondary data analysis, and computer-assisted research methods. Get more details below including other Illinois colleges that offer risk management and insurance training.

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Loyola University Chicago

8317 W North Avenue, Melrose Park, IL

Loyola University Chicago, a nonprofit private institution, offers a large number of degree programs, allowing students to choose which major is right for them. Located in Chicago, IL, the school offers an urban setting for students to study in. The Roman Catholic affiliation at the school is an important part of the history, education and vision that defines the school. Enrollment at Loyola University Chicago exceeds sixteen thousand per year.

A list of some of the more popular programs offered are:

• Public Administration And Social Services
• Business And Marketing Studies
• Biological And Biomedical Sciences
• Legal Professions And Studies
• Psychology

To be considered for admissions, students may be asked to fill out an application, provide letters of recommendations, and submit school transcripts, which are then studied by the admissions office. An ACT or SAT exam may be required prior to applying, with scores within the range of 1610 to 1950 on the SAT and in a range of 25 to 29 on the ACT is common among students accepted to this school. Roughly 50 percent of all students that applied were admitted at this school, with 20 percent of those accepted choosing to enroll. More information regarding admissions can be found here.

The cost of tuition is nearly $37,000 annually. Tuition prices may change for a variety of reasons, and therefore students should visit the school's tuition calculator to get a better idea of their cost of attendance. The price of on-campus housing is about $8,300 annually. Loyola University Chicago may provide financial aid for students who are eligible in the form of loans, grants, scholarships and work study programs.

Athletic programs are available at Loyola University Chicago through the NCAA, allowing students to participate in intercollegiate athletics. Sports available may include but not limited to:

• Basketball (NCAA Division I-AAA)
• Track & Field (NCAA Division I-AAA)
• Golf (NCAA Division I-AAA)
• Soccer (NCAA Division I-AAA)

Contact information, admission forms, areas of study, and more may be accessed on school's website at http://www.luc.edu.

Career Options for Graduates

Insurance Underwriters

Description

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Actuaries

Description

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Career Outlook & Projections ()

According to the BLS, actuaries employment is expected to grow at a rate of 18.1% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 670
  • Average Hourly Rate: $42.69
  • Average Annual Salary: $88800
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Average Hourly Rate: $59.80
  • Average Annual Salary: $124390

Business Teachers, Postsecondary

Description

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

Source: Job descriptions, estimated salary and wages, and projected job growth are taken from the Bureau of Labor Statistics (BLS).