MBA Find Your Focus:
Risk Management and
Insurance
MBA Find Your Focus: Accounting
What is Risk Management and Insurance?
o Risk Management and Insurance:
the process of identification,
analysis and either acceptance or
mitigation of uncertainty in
decision-making
o Traditional risk management and
insurance deals with hazardous risk
o Enterprise risk management deals
with risks in financial decisions and
actions
Why choose Risk Management and Insurance?
o Risk Management and insurance is more important than ever after the
recent economic recession
o Mihaylo College has the only MBA program with a Risk Management and
Insurance concentration in California
o Mihaylo College has the largest Risk Management and Insurance
program west of Mississippi
Bureau of Labor Statistics: Actuaries
o Job growth estimated at 26% from 2012-2022
o Median annual wage range pay: $93,680
o High end of annual wage rage: $175,330
Sample Courses
o FIN 560 Corporate Risk Management and Insurance Seminar ( 3 units)
Considers how risks are managed with diversification, capital structure, loss control, corporate
governance, and how they are financed with commercial insurance contracts and other alternatives.
Analyzes markets and instruments created to enable corporations to manage downside risks.
o FIN 562 Enterprise Risk Management (ERM) ( 3 units)
ERM framework with the integration of pure, financial, strategic, and operational risks. Discusses
seven building blocks for developing an ERM program. Legal and regulatory environment, technical
tools and future prediction on ERM.
o FIN 464 Insurance Marketing and Distribution ( 3 units)
Overview of practices and procedures involved in insurance marketing and distribution; Analyzes
insurance marketing environment, marketing strategies and product promotion; introduction to
insurance distribution channels and sales force management.
o FIN 462 Life and Health Insurance ( 3 units)
Analysis of various types of life annuity and health insurance contracts, major employee benefit plans
adopted by corporations and the organization and management of life and health insurance
companies.
Career Opportunities
o Actuarial Analyst
o Financial Analyst
o Underwriter
o Product Analyst
o Consultant
o Compliance Officer
o Risk Management Analyst
o Deal Structurer
Center for Insurance Studies
 Mission Statement: to help students integrate technology, written
communication, interpersonal skill, and ideas relating to sound business
practices into the insurance and financial services curriculum.
 Offers a program in insurance studies and financial services that exposes
students to techniques used by professionals and industry specialists
working in the field
 Provides job and internship resources to guide students who are pursuing
the insurance studies and financial services field
 Holds training programs for domestic and international insurance executives
and regulators
For more details, visit: CSUF CIS
Student Organizations
 Gamma Iota Sigma: a professional business fraternity seeking to
help produce the next generation of educated, prepared, and
dedicated insurance professionals in all areas
For more information, visit: Gamma Iota Sigma
 MBA Association: to provide graduate business students with a
professional, educational, and social network comprised of
classmates, faculty, and administration at California State
University, Fullerton (CSUF).

For more information, visit: CSUF MBA Association
*for information on other business clubs, visit: Mihaylo Clubs
References
CSUF Mihaylo MBA Concentrations Website
Investopedia: Risk Management
Georgia State University: Risk Management and Insurance Job Possibilities
Bureau of Labor Statistics: Actuaries