Risk Management and Insurance Training

The risk management and insurance program at Oakland 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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Oakland University

2480 Opdyke Rd, Bloomfield Hills, MI

Oakland is a public institution that has a fair number of majors available for students to choose from. The school is located in Rochester Hills, Michigan, in a predominantly suburban area. Approximately 19,000 students are enrolled annually at Oakland University.

Areas of study available at Oakland include:

• Health And Clinical Professions
• Education
• Communications And Journalism
• Business And Marketing Studies

To be considered for admissions, applicants may be asked to fill out an application, write a personal statement, and submit any transcripts or test scores, which are then reviewed by the admissions staff. Most students accepted to Oakland score in a range of 19 to 25 on the ACT exam. An estimated 70% of all applicant were accepted at this school, with 34% of those admitted choosing to attend. More information regarding admissions can be found at oakland.edu.

The cost of undergraduate tuition is different for in-state and out-of-state residents. In-state residents pay approximately $11,000, while nonresidents pay $26,000 for the year. Oakland University may help with costs by offering financial aid for students who qualify by way of loans, grants, scholarships and work study programs.

Athletic programs are available at Oakland University through the NCAA, allowing students to compete in intercollegiate sports. Available athletic programs offered:

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

Students can visit the Oakland University website to see a complete list of areas of study, admissions information, and more that is available at this school.

Students Enrolled in the Risk Management and Insurance Program

Get more details below regarding enrollment, academics, and school demographics. Oakland University 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

• Detroit-Dearborn-Livonia, MI Metropolitan Division
  • Total Employment: 40
  • Average Hourly Rate: $43.96
  • Average Annual Salary: $91430

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).