Program Overview

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Master of Science in Risk Management and Insurance (MS-RMI)

The Master of Science in Risk Management and Insurance (MS-RMI) at Florida State University's College of Business is a fully online degree program that equips professionals to shape an industry that evolves with the world around it. The program further develops a student's ability to analyze issues from different perspectives, fosters critical thinking, and enhances the discipline needed in today's risk management and insurance market.

Reasons to Choose FSU

• Recognized as one of the nation's oldest and largest insurance programs
• Ranked among top programs nationwide by U.S. News & World Report
• Online courses taught by outstanding full-time faculty, including an eminent scholar and endowed professors
• Faculty known for enthusiastic teaching, notable research, and consulting expertise
• Alumni include leading risk managers, insurance industry executives, agents, and brokers
• Eligibility to receive several state licenses in Florida without sitting for the exams

Personal Benefits

• Pursue a quality Master of Science degree at your convenience
• Complete your degree in 2 years
• Network and connect with classmates worldwide
• Thrive in a program designed for the working professional
• Obtain course waivers or credit for multiple insurance designations

Admission Guidelines

Admission to the Master of Science in Risk Management and Insurance program is highly competitive. The decision is based on a portfolio of qualifications, including prior academic experience, work experience, optional entrance exam scores (such as GMAT or GRE), and letters of recommendation. Entrance exam scores are optional for this program and can be submitted if they will enhance an application.

Application Process

The following items should be submitted:

• Applicant Statement/Essay Question Responses
• An up-to-date resume, clearly indicating work experience including dates and positions held, as well as noting full-time or part-time employment
• A minimum of two letters of recommendation are required
• Florida Residency Declaration if applicable
• Nonrefundable application fee

Program Costs

All students pay the same market rate of $600.00 per credit hour regardless of residence. In addition, students will be responsible for applicable fees per credit hour. The total program cost for 33 credit hours is $20,795.94 for Florida residents and $21,787.92 for non-Florida residents.

Funding Resources

There are a variety of funding options, including student loans and scholarships available through the College of Business, the RMI program, and outside resources. All newly admitted students are considered for available scholarships.

Curriculum and Schedule

The MS-RMI program consists of 33 credit hours. Students may select a specialization with a focus in either the Healthcare track or Property/Casualty (P&C) track. The program includes core courses and additional courses required for each track.

Core Courses

• RMI 5136 Employee Benefits
• RMI 5710 Insurance Company Operations
• RMI 5257 Data Analytics in Risk Management & Insurance
• RMI 5007 Insurance Fundamentals
• FIN 5### Alternative Investments
• RMI 5810 Personal Financial Planning
• RMI 5018 Alternative Risk Financing
• RMI 5720 Insurance Accounting & Finance

Additional Courses for Healthcare Track

• BUL 5605 Health Care Laws and Ethics
• RMI 5745 Healthcare Financing
• RMI 5### Healthcare Risk Management

Additional Courses for Property/Casualty Track

• BUL 5810 Legal & Ethical Environment of Business
• RMI 5087 International Risk Management
• RMI 5345 Risk Management in the Business Enterprise

Course Descriptions

• BUL 5605 Healthcare Law and Ethics
• BUL 5810 The Legal and Ethical Environment of Business
• RMI 5007 Insurance Fundamentals
• RMI 5018 Alternative Risk Financing
• RMI 5087 International Risk Management
• RMI 5136 Employee Benefits
• RMI 5257 Data Analytics in Risk Management and Insurance
• RMI 5345 Risk Management in the Business Enterprise
• RMI 5710 Insurance Company Operations
• RMI 5720 Insurance Accounting & Finance
• RMI 5745 Healthcare Financing
• RMI 5810 Personal Financial Planning
• RMI 5### Healthcare Risk Management

RMI Licenses and Designations

Risk management and insurance is a diverse field. Earning a designation or obtaining a license demonstrates that you have acquired specific insurance expertise and is often encouraged or required by employers.

Licenses

For insurance professionals working in the state of Florida, licensing is managed by the Florida Department of Financial Services. Completion of the risk management/insurance undergraduate or graduate program meets the educational requirements to receive several licenses without sitting for the licensing exams.

University Designations and Course Waiver Programs

The Risk Management & Insurance Education Alliance's University Associate Designations, Collegiate Studies for CPCU Program, and Course Waiver for AIDA Designation are available for students.