Risk Management and Insurance Training

The risk management and insurance program at North Central College 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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North Central College (NCC)

8057 N. Milwaukee Avenue, Niles, IL

North Central College, located in Naperville, Illinois, is a private liberal arts college founded in 1861 and originally known as Plainfield College. The school has had two name and location changes over the years, with the final one taking place in 1926. The school is located the a 19^th century settlement that is considered among the best places to live in America. The picturesque backdrop provides a quaint atmosphere for students while maintaining and active downtown city life through family owned shops and fine dining establishments. The school is dedicated to educating its students so that may become informed and productive members of society.

Academics

North Central College provides students with a liberal arts education that allows students to choose from one of 55 offered majors. Such programs take approximately four years to complete and blend a mix of elective, general education, and lower and upper division courses to form a curriculum. Students may also choose to take on additional courses and earn a minor degree in an additional area of study. Minor degrees are useful for exploring secondary interests or studying an area that augments one's major. Graduate level programs are also available.

Programs offered include:

• Accounting
• Engineering
• History
• Psychology
• Pre-Law

Admissions and Financial Aid

Students interested in enrollment at North Central are encouraged to visit the campus and meet with an advisor prior to submitting an application for admission. Students may submit a physical or digital copy of the application, and the information provided, along with transcripts and tests scores, will be used to determine if a student will be admitted for the following fall semester.

Students will also participate in an admissions interview, the substance of which will also be taken into consideration when determining enrollment. Application are reviewed and responded to as promptly as possible, with admitted students receiving confirmation and additional information to start their academic careers. Financial aid is available in the form of loans, grants and scholarship. Student in need of financial assistance must submit a Free Application for Federal Student Aid (FAFSA) prior to the start of each academic year in order to be considered.

Students Enrolled in the Risk Management and Insurance Program

Get more details below regarding enrollment, academics, and school demographics. North Central College offers a bachelor's degree program in risk management and insurance.

Students by Gender (2019)

Students by Race (2019)

Source: IPEDS Survey 2012-2020: Data obtained from the US Dept. of Education's Integrated Postsecondary Education Data System (IPEDS). Data may vary depending on school and academic year.

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).