Program Overview

THE STUMBAUGH SCHOOL OF RISK MANAGEMENT & INSURANCE

An education in Risk Management & Insurance will prepare you for a career in one of the largest and fastest-growing industries.

A new module begins every eight weeks.

Risk management professionals are in demand across finance, business and insurance. If you want a business degree with job security, great pay and endless career options—this is it.

Why consider a degree in RMI?

• Nearly 50% of insurance professionals will retire in the next 10 years—creating huge numbers of job openings.
• A degree in risk management and insurance from Faulkner University will prepare you for today’s complex business landscape, as it equips you with the knowledge and skills to identify, assess and mitigate risks.
• RMI professionals play a key role in safeguarding organizations from potential financial losses and ensuring long-term stability.
• With industries constantly facing emerging risks, the expertise gained through this degree is highly sought after by employers.

Program Details

• Duration: 1-3 years, depending on how much college credit you have already completed.
• Career Opportunities: 9+ career paths, including:
  • Risk Management Consultant
  • Claims Adjuster
  • Group Benefits Representative
  • Risk Analyst
  • Underwriter
  • Loss Control Specialist
  • Insurance Agent
  • Commercial Lines
  • Personal Lines
  • And more!

Accreditation

• Faulkner University is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award quality associate, baccalaureate, masters, and doctorate degrees.

Why choose a degree in RMI?

• High Demand for Professionals: The risk management and insurance industry is constantly growing, with a strong demand for qualified professionals in various sectors like healthcare, finance, and business.
• Lucrative Salary Potential: Graduates with a degree in risk management and insurance often enjoy competitive salaries and excellent earning potential as they advance in their careers.
• Diverse Career Opportunities: This degree opens the door to a variety of career paths, including roles in underwriting, claims adjusting, risk analysis, and insurance sales.
• Job Stability and Security: Risk management and insurance is an essential industry that provides job stability, as organizations across all sectors require risk mitigation and coverage.
• Skill Development: The program equips you with critical thinking, analytical, and problem-solving skills, which are valuable not only in the insurance industry but in many other business-related fields.

Why choose Faulkner University?

• Faith-based Foundation: Our programs emphasize integrity of character as well as spiritual wellbeing. Students gain a well-rounded experience that helps them develop a variety of skills from leadership to providing mental, spiritual and emotional support. With the strong foundation gained at Faulkner, graduates can enjoy purpose-driven, meaningful careers.
• Supportive Community: We have a supportive community where you'll receive personalized guidance from our faculty and staff, while also connecting with fellow adult learners who can relate to your experiences.
• Flexible Options: Life doesn’t stop just because you’re going back to school. That’s why we have flexible online options so you can balance work, family, and everything else on your plate. The online courses are offered in 8-week terms. Coursework may be completed per the student's schedule but requires regular weekly assignments and online group participation.
• Quality Faculty: Our faculty are experts in their field and have a passion for teaching.

Admission Requirements

• Applicants must meet the following requirements to qualify for admission:
  • Minimum cumulative GPA of 2.0 on all previous college coursework.
  • Completion of entrance competencies as listed for a total of 66 hours of core credit.
  • Minimum 23 years of age.

Scholarship Information

• Full Tuition AssuranceAmerica Scholarships Available
  • Full Tuition AssuranceAmerica Scholarships for the RMI Program will be awarded each semester based on eligibility and availability.

2025 Calendar

• Spring 2025
  • Module 1 -- 1/6/2025 - 3/2/2025 Registration is Closed
  • Module 2 -- 3/3/2025 - 4/27/2025 Registration is Closed
• Summer 2025
  • Module 1 -- 4/28/2025 - 6/22/2025 Registration Open (Apply by March 31)
  • Module 2 -- 6/23/2025 - 8/17/2025 Registration Open (Apply by May 26)
• Fall 2025
  • Module 1 -- 8/18/2025 - 10/12/2025 Registration is Open (Apply by July 21)
  • Module 2 -- 10/13/2025 - 12/14/2025 Registration is Open (Apply by Sept 15)

Application Process

• Complete the online application (includes financial aid)
• Request transcripts from your previous schools, etc.
• Complete the FASFA

Program Options

• BACHELOR OF RISK MANAGEMENT AND INSURANCE
  • Fully online courses designed for mid-career professionals who want to transition into a leadership role, or seasoned managers with some college credits who desire to earn a bachelor’s degree.
• MICROCREDENTIALS IN RISK MANAGEMENT AND INSURANCE
  • Designed for individuals who have a bachelor’s degree and want to pursue a career in risk management and insurance, and insurance professionals seeking to earn digital badges or achieve a CPCU®, CIC or CRM designation.
• BACHELOR OF SCIENCE IN RISK MANAGEMENT AND INSURANCE
  • This course is designed for students looking for a traditional four-year degree in risk management and insurance. Courses are taught at the Montgomery campus with a focus on ethical leadership.

Meet the RMI Faculty

• Ed Pappanastos, PhD
  • Ed Pappanastos, PhD, serves as the department chair of the Stumbaugh School of Risk Managment & Insurance. He is the former chair of the Department of Economics, Finance, Risk Management & Insurance at the Sorrell College of Business at Troy University. He has spent many years collaborating with professionals in the industry and holds the ASLI (Associate in Surplus Lines Insurance) designation. (Pappanastos teaches Risk Managment & Insurance and Insurance Operations.)
• Patsy Hughes
  • Patsy Hughes is the Consumer Outreach Coordinator at the Alabama Department of Insurance. She has 32 years of experience in the insurance industry and holds various insurance designations and awards. (Hughes teaches Property & Casualty Insurance and Life & Health Insurance.)
• Kayla Frisby, JD
  • Kayla Frisby, JD, has 15 years of experience in the legal field having served as a staff attorney on the Alabama Court of Criminal Appeals and then as general counsel for a large detention and security contractor and manufacturer. In her current role at Webster Henry, she focuses her practice on insurance and corporate defense and general liability. (Frisby teaches Insurance Law.)