11th floor, Robinson College of Business Building
404/651-2725
Bruce A. Palmer, Chair
Faculty: Behan, Binder, Ciccotello, Cox, Custer, Elger, Feldhaus, Gabel, Gaunt, Grace, Klein, Mansfield, Oakley, B.A. Palmer, E.K. Palmer, Pederson, Phillips, Schneider, Sherman, Skipper, Tredway, Willey
Course prefix: RE
The Department of Risk Management and Insurance is an interdisciplinary academic unit. It offers undergraduate majors in actuarial science and in risk management and insurance, together with courses in the area of legal studies and personal financial planning.
Course prefix: AS
Donald F. Behan, Coordinator
Actuaries have been called financial architects and social mathematicians because of their unique blend of analytical and business skills in the insurance and financial services industry, as consultants in firms that specialize in employee benefits and pensions, in the government sector, and in a variety of other roles. To be recognized as a qualified actuary, a person should become a member of the Society of Actuaries or the Casualty Actuarial Society. Admission to membership is obtained by passing a series of examinations given by the societies. Completion of the actuarial science program at Georgia State University greatly enhances the possibility of passing the examinations given by the actuarial societies.
The tremendous demand for such highly trained persons makes a career in this area very rewarding financially and in providing the satisfaction that comes from membership in a well-recognized profession.
In order to meet the critical shortage of actuarial personnel in this region, the Southeastern Actuaries Club endorsed the establishment of the actuarial program at Georgia State University as part of the university's comprehensive insurance educational activity. The program continues to have the strong support of the actuarial profession. Inquiries concerning the actuarial profession or the details of the program at Georgia State University should be directed to the department.
Required Major Courses: AS 3010, 4110, 4140, 4230, 4260,4340,4350.
Other Required Courses: The calculus sequence, Math 2211, 2212, 2215, is taken in place of the non-RCB electives. For students with appropriate mathematics background, Math 2211 and Math 2212 can be taken in place of Math 1111 (college algebra) in core area A and in place of Math 1113 (precalculus) in core Area D. Students who can make one or both of these substitutions will choose one or two non-RCB electives, as appropriate.
Math 2215 must be completed with a grade of C or higher.
AS 4120 is taken in place of an RCB elective, and AS 4130 is taken in place of DSc 3120 in the junior business core; grades of C or higher are required.
It is highly recommended that new actuarial science majors consult with their major adviser at their earliest convenience so that an efficient program can be constructed in accordance with the unique nature of the actuarial science major and course scheduling requirements.
Course prefix: LglS
Nancy R. Mansfield, Coordinator
The legal studies courses offered in the J. Mack Robinson College of Business serve the needs of the college and the university for legal education other than the professional education offered by the College of Law. The undergraduate legal environment core course, Legal and Ethical Environment of Business (BusA 2106), covers law, ethics and business.
Specific law courses also are offered to assist the undergraduate student who has an established career objective within a specialized area. For example, Principles of Business Law (LglS 4050) is designed for accounting majors. This course covers contracts, sales, commercial paper, secured transactions, bankruptcy and accountants' professional liability. The course provides a foundation for topics on the CPA examination. Real Estate Law (LglS 4490) is an important course for undergraduate real estate majors. Introduction to the Law (LglS 3020), a comprehensive orientation to the American legal system, has primary appeal to political science, urban studies, and prelaw students.
No academic major is available in legal studies. No legal studies course may be used for credit toward a College of Law degree.
Course prefix: RMI
NWilliam R. Feldhaus, Adviser
The program in risk management and insurance strives to prepare qualified and motivated students for positions of leadership and responsibility in risk management, insurance, and other financial services businesses and in general business and government.
The field of risk management and insurance is challenging and changing constantly. Qualified students will find excellent opportunities for creative work, professional recognition, financial reward, and public service.
Graduates in risk management and insurance find a variety of career opportunities open to them as risk managers in business, as brokers/agents providing professional risk management/ insurance/employee benefits counseling and market placement services for clients, as consultants and personal financial planners, in government, and in the underwriting, marketing, claims adjusting, planning, governmental relations, information systems, and financial management activities of insurers.
Students are encouraged to prepare for one or more parts of those national professional examinations which may be germane to their interest, such as examinations in the Chartered Financial Consultant (ChFC), Certified Financial Planner (CFP), Chartered Life Underwriter (CLU), Chartered Property/ Casualty Underwriter (CPCU), Associate in Risk Management (ARM). or Certified Employee Benefits Specialist (CEBS) professional designation programs. Courses from departmental offerings, plus other courses offered within the J. Mack Robinson College of Business, may be arranged to assist in attainment of this goal.
Required Major Courses: RMI 3500, 4010, 4020, 4300, 4530, 4700, and 4980. RMI 4980 is the capstone course for the major.
Students planning to major in risk management and insurance should consult with the departmental adviser early to develop an individual program of study. Advanced planning is desirable to arrange a program consistent with academic requirements and student objectives. An annual schedule may be obtained from the department on the 11 th floor, RCB Building, by calling 404/651-2725 or from RMI's Web site at http://www.rmi.gsu.edu/. Courses recommended for consideration as electives for students majoring in other areas include:
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RMI 3500 |
Introduction to Risk Management and Insurance |
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RMI 4300 |
Risk Management |
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RMI 4530 |
Employee Benefit Plans (Except management majors) (Same as Mgt 4580) |
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PFP 4000 |
Personal Financial Planning |
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LglS 3020 |
Introduction to the Law |
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LglS 4050 |
Comprehensive Business Law |
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LglS 4490 |
Real Estate Law |
