Risk Management and Insurance Training

The risk management and insurance program at Michigan Technological University 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 Michigan colleges that offer risk management and insurance training.

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Michigan Technological University

Also known as Michigan Tech

, East Lansing, MI

About
Michigan Technical University, a public four year research institution located in Houghton, Michigan, was founded 1885 as the Michigan Mining School. The school was established by Jay Abel Hubbell to provide an education for mining engineers. The school maintained mining education until the end of World War I, where it began adding technical programs to its offerings. By 1931 the school had increased its enrollment, and as a result it began adding more programs, going through a series of name changes and eventually offering over 130 programs and having an enrollment of nearly 7000 students a year. Michigan Tech is considered one of the best schools in the midwestern United States by the Princeton Review, and 115th overall according to US News and World Report.

Academics
Michigan Technical University offers a large number of programs resulting in undergraduate and graduate degrees. The large number of programs allows students to find a program that is right for them in achieving their academic and professional goals. Though the school is referred to as a technical university, it offers programs in a variety of fields. The school also has a large number of minors available to help students augment their education. Graduate programs reflect the technical aspects of the school, focusing primarily on engineering and sciences.

Programs offered include:

• Accounting
• Liberal Arts
• Mathematics
• Psychology
• Forestry

Admissions and Financial Aid
Students may apply online to begin the admissions process at Michigan Technical University. Students will also provide transcripts and test scores, all of which will be used to determine whether or not students will be admitted to the university. Once all information has been received, it will be reviewed by the admission committee and final decision made well prior to the start of the fall semester.

Financial aid is available in the form of loans, grants, work study programs and scholarships. Students in need of financial assistance must complete the Free Application for Federal Student Aid (FAFSA) which will be used by the school to determine need, eligibility and awards. Students may be required to provide additional information regarding finances and taxes to ensure the accuracy o0f the provided information prior to the disbursement of funds. A number of scholarships are also available through private organizations which require separate applications and are awarded for a variety of reasons.

Athletics
The Michigan Tech Huskies participate in a number of intercollegiate athletic programs through the NCAA. These programs offer  students the opportunity to experience personal and group success in a healthy competitive environment. Students also learn the value of discipline, good health and teamwork while working toward a common goal.

Athletic programs offered:

• Basketball
• Cross Country
• Football
• Skiing
• Hockey
• Soccer
• Tennis
• Track and Field
• Volleyball

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

• Lansing-East Lansing, MI
  • Total Employment: 40
  • Average Hourly Rate: $38.14
  • Average Annual Salary: $79330

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).