Illinois State University United States

Risk Management & Insurance (B.S.)

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 4 Years
Mode On Campus
Level Undergraduate
Degree Bachelors Degree
Closing soon January 2027

Course Overview

The Risk Management and Insurance (B.S.) at Illinois State University is tailored for students aiming to excel in the dynamic fields of insurance and risk management. You will gain expertise in identifying, assessing, and managing a wide spectrum of traditional and emerging risks, exploring effective treatment strategies including insurance and other risk transfer mechanisms. This undergraduate program provides a robust academic foundation, preparing you to navigate complex financial landscapes and contribute to organizational resilience and security.

This full-time, on-campus bachelor's degree is studied over four years, integrating core business principles with specialised risk management and insurance coursework. You will engage with subjects such as financial accounting, economics, and management, alongside dedicated risk management electives, building a comprehensive understanding of the industry. Through practical application and analytical study, you will graduate with the essential skills and knowledge to pursue diverse career paths in insurance underwriting, claims management, corporate risk analysis, and brokerage.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This Bachelor of Science in Risk Management & Insurance program provides a comprehensive foundation in business principles and specialized knowledge in risk assessment and insurance practices. Students will explore core business subjects alongside risk management and insurance electives, preparing them for careers in a dynamic and essential industry. The curriculum is designed to equip graduates with the analytical and strategic skills needed to navigate complex financial and insurance landscapes.

1 First Year - Fall Semester (16 credit hours)

ENG 101
COM 110
BUS 100
MAT 120
General Education course
General Education course

2 First Year - Spring Semester (14-16 credit hours)

ENG 101
COM 110
ECO 101
MAT 121
General Education course
IT 150
BIS 167

3 Second Year - Fall Semester (15 credit hours)

ACC 131
MGT 100
ECO 102
FIL 185
General Education course

4 Second Year - Spring Semester (15 credit hours)

ACC 132
ENG 145a13
FIL 250
General Education course
General Education course

5 Third Year - Fall Semester (15 credit hours)

FIL 240
FIL 190
FIL 350
MKT 230
MGT 220
General Education course

6 Third Year - Spring Semester (15 credit hours)

FIL 355
FIL 352
BIS 270
General Education course
General Education course

7 Fourth Year - Fall Semester (15 credit hours)

FIL 354
Risk Management & Insurance major elective
Risk Management & Insurance major elective
University-wide elective
University-wide elective

8 Fourth Year - Spring Semester (13-15 credit hours)

BUS 285
MGT 385
Risk Management & Insurance major elective
University-wide elective
AMALI course or University wide elective
University-wide elective

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 28,210.00
Second Year Fee Tuition fee
USD 28,210.00
Third Year Fee Tuition fee
USD 28,210.00
Fourth Year Fee Tuition fee
USD 28,210.00
Total Program Cost Estimated total tuition
USD 112,840.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 1,000.00 - USD 1,600.00
Food & Groceries USD 3,000.00 - USD 4,560.00
Transport USD 600.00 - USD 1,200.00
Utilities & Bills USD 960.00 - USD 1,800.00
Estimated Total USD 4,560.00 - USD 7,560.00

Living cost estimates are based on Illinois Campus.

Outcomes & Employability

What happens after you graduate

91%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Agribusiness Inputs (Seeds, Fertilizers & Machinery)Aviation & Air TransportFisheries & AquacultureInvestment Management & Asset ManagementLivestock & Animal HusbandryProduct Design & PrototypingQuantity Surveying & Cost EstimationRail & Mass TransitResidential ConstructionWealth Management & Financial Advisory

Top Employers Hiring for this course

Amazon

CBRE Group Inc

COUNTRY Financial®

Capital one

Caterpillar

HUB international

John Deere

State Farm

Why Study Risk Management & Insurance (B.S.) at Illinois State University

What makes this program stand out

January 2027 Closing soon

Next intake is in January 2027

Very Fast Application response time

Illinois State University typically responds to applications within 1 - 2 days, giving you clarity on your options quickly.

Life at Illinois State University in United States

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about Risk Management & Insurance (B.S.) at Illinois State University

Can I work while studying?

International students can work up to 20 hours per week during term time and full-time during breaks. On-campus work does not require a separate permit, while off-campus work requires university approval after the first year.

What English language score do I need for this course?

To enroll, students must meet English test requirements such as a Duolingo overall score of 105 or a TOEFL overall score of 79. Other tests like IELTS and PTE have specific minimum scores as well.

What jobs can I get after studying this course?

Graduates can pursue careers as insurance underwriters, claims managers, corporate risk analysts, and brokers.

What will I actually study in this course?

The program integrates core business principles with specialized coursework in risk management and insurance. Key topics include financial accounting and corporate risk analysis, equipping students for diverse career paths.

When can I start — what are the intake months?

The Risk Management & Insurance (B.S.) program has three intake months: January, June, and August. Be sure to plan your application accordingly to secure a spot.
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