Program Overview

Introduction to the Hankamer School of Business

The Hankamer School of Business offers a range of undergraduate and graduate programs, including the Risk Management and Insurance (RMI) major.

Risk Management and Insurance Program

Overview

The Risk Management and Insurance program focuses on managing the financial consequences of property, liability, life, and health risks by employing insurance, risk pooling, and risk management strategies. The program bridges the gap between insurance and finance studies by considering a wide range of operational, strategic, financial, and hazard risks faced by firms and individuals.

What is RMI?

Risk Management and Insurance (RMI) has traditionally focused on strategies that might be adopted by a firm or individual to manage those risks that are insurable. Such strategies encompass the management of property, liability, life, and health risks. In recent years, however, increased volatility of interest rates, foreign exchange rates, and commodity prices have caused firms and individuals to adopt more holistic, or integrated, views of risk management.

Career Opportunities

An RMI degree can create excellent opportunities for creative work, professional recognition, financial rewards, and public service. RMI graduates serve as risk analysts within the business community and government; as underwriters, claims adjusters, and marketing, planning, governmental relations, and financial management professionals for insurers; as brokers/agents providing professional risk management counseling and market placement services for clients; and as personal financial planners.

Curriculum

The RMI curriculum conveys the skills needed for analyzing the economic and financial characteristics of risk and understanding techniques for managing such risks.

Discontinuation of the RMI Major

Please note that the Risk Management and Insurance major will be discontinued for students entering in Fall 2025 or later. Students who entered in Fall 2024 or earlier will be able to complete the RMI major requirements.

Hankamer School of Business Programs

• Undergraduate programs:
  • Accounting and Business Law
  • Baylor Business Fellows
  • Business Scholars
  • Economics
  • Entrepreneurship and Corporate Innovation
  • Finance
  • Information Systems and Business Analytics
  • Management
  • Marketing
• Graduate programs:
  • MBA
  • Master of Accountancy & Master of Taxation
  • Master of Science in Business Analytics
  • Master of Science in Economics
  • Master of Science in Information Systems
  • PhD in Entrepreneurship
  • PhD in Health Research and Policy
  • PhD in Information Systems
  • Army-Baylor Program
  • Graduate Certificates

Research Areas

The Hankamer School of Business faculty conduct research in various areas, including finance, accounting, management, marketing, and information systems.

Facilities and Resources

The Hankamer School of Business has state-of-the-art facilities, including the Paul L. Foster Campus for Business and Innovation, and offers various resources, such as the Hodges Capital Financial Markets Center and the Baylor Angel Network.