Skip to header Skip to main navigation Skip to main content Skip to footer

Major Maps

Strategic Enrollment Management and Student Success

Visit majormaps.vcu.edu for the online version with links.
Sponsored by the Office of the Provost
Major map compass icon [View Image]
2021-2022

Finance

School of Business

Concentration(s):
Risk Management and Insurance
Program description

The finance major with a concentration in risk management and insurance prepares students for careers in the insurance and personal financial planning industry on all levels including (but not limited to) underwriting, claims adjusting, employee benefits, risk modeling and analysis, risk management in all sectors of the economy, financial planning, and graduate-level study of risk management.

Career opportunities

Insurance is a high-demand industry with 500,000 new jobs projected in the next five years. Students who graduate with a degree in Business and a concentration in Risk Management and Insurance are typically employed as underwriters, claims professionals, risk managers, managers, analysts, wealth managers, and financial planners. VCU Alumni from the Risk Management program are employed with Markel Corporation, James River Insurance, Argo, Colony, Kinsale, Mass Mutual, Northwestern, AXA, Virginia Asset Management, New York Life, and a variety of local agents and brokers.

Change of major requirements

Students are eligible for admission into the advanced business program with a major in the School of Business upon meeting the minimum cumulative GPA requirement and successful completion of the Business Foundation coursework, as outlined here: http://bulletin.vcu.edu/undergraduate/business/undergraduate-information/shared-curriculum/.


Bachelor-level job titles
  • Actuary
  • Claims Adjuster
  • Claims Examiner
  • Credit Analyst
  • Financial Manager
  • Financial Quantitative Analyst
  • Occupational Health and Safety Specialist
  • Property and Casualty Insurance
  • Risk Analyst
  • Risk Management Specialist
  • Underwriter
Graduate and professional level job titles
  • Compliance Officer
  • Data Scientist
  • Director of Risk Management
  • Risk Management Consultant
Highest level of math required
  • MATH 200 or SCMA 212 or BUSN 212
  • SCMA 302
Science required
  • Natural Sciences requirement only
Foreign language requirements
  • No
Additional tuition/fees
  • Yes
GPA requirements (to progress/graduate in the major)
  • 2.5 to declare major/2.0 to graduate
Department name:
Department of Finance, Insurance and Real Estate
Building/room location:
Snead Hall, Room B4163
Campus (where 75% of courses are taken):
Monroe park
Phone:
(804) 828-1620
Email:
shall6@vcu.edu

Major map compass icon [View Image]
Major map

Explore
MAXIMIZE COURSE AND DEGREE PLANNING
GET CONNECTED WITH YOUR COMMUNITY
BUILD CULTURAL COMPETENCE
GET REAL EXPERIENCE
PREPARING FOR LIFE AFTER COLLEGE

Experience
MAXIMIZE COURSE AND DEGREE PLANNING
  • Be prepared for a challenging year of accounting, economics, and math classes and use SI sessions and tutoring at the Campus Learning Center to get ahead.
  • Consider pursuing an economics minor or actuarial science minor.
  • Schedule an appointment with your advisor to explore minors, certificates, and plan your required REAL experience.
  • Get familiar with the research process with the VCU Libraries Research Basics Guide.
  • Talk to professors about your research interests, electives, and strategies for success in your classes.
  • Explore innovation and business/non-profit creation classes with the da Vinci Center.
GET CONNECTED WITH YOUR COMMUNITY
BUILD CULTURAL COMPETENCE
GET REAL EXPERIENCE
  • Complete a gap analysis with your career advisor to identify key skills required for your professional field.
  • Internship recruitment season for finance is the fall of your junior year so be sure to have your resume reviewed by Business Career Services before the end of the summer.
  • Meet with Business Career Services for securing externship opportunities in your sophomore year to build your resume.
  • Seek out practical experience through independent skill-building, internships, shadowing, or part-time work.
  • Explore global career options with a career advisor to set goals for getting your dream job.
  • Organize examples of your academic and professional experiences, accomplishments, and reflections in an ePortfolio.
  • Attend career and internship fairs and other professional development events.
  • Pursue a digital badge to highlight the knowledge, skills, and experiences employers and graduate schools value.
PREPARING FOR LIFE AFTER COLLEGE
  • Apply for special School of Business scholarships available only to continuing business majors.
  • Connect with alumni on VCULink for career advice, industry contacts, and meaningful professional relationships.
  • Join VCU Bizconnect to schedule informational interviews with VCU business alumni and other professionals to learn more about your major and career options.
  • Conduct informational interviews or shadow someone in a field of professional interest.
  • Ask a faculty or staff member to be your academic and professional mentor and to provide future letters of recommendation.
  • Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.

Experience
MAXIMIZE COURSE AND DEGREE PLANNING
  • Consider applying to the FIRE department's accelerated bachelor's-to-master's pathway.
  • Prepare yourself for success in the finance major's four-semester sequence (FIRE 311, 312, 321, and your FIRE capstone) by seeking academic support early to earn the required grades of C or higher.
  • See your academic and career advisors to discuss graduation progress and career planning.
  • Enhance your business, software, technology, and creative skills using LinkedIn Learning.
GET CONNECTED WITH YOUR COMMUNITY
BUILD CULTURAL COMPETENCE
GET REAL EXPERIENCE
  • Attend alumni panel events like Black in Business, First 100 Days, or Women in Business to hear from business professionals who were once in your shoes.
  • Complete practice interviews with a career coach in Business Career Services ahead of your internship interviews.
  • Take advantage of mock interview opportunities through InterviewStream or meeting with a career advisor.
  • Update your ePortfolio.
  • Apply for the Graduate School Mentorship Program to learn more about graduate school and the graduate student experience.
PREPARING FOR LIFE AFTER COLLEGE
  • Apply for Chartered Financial Analyst (CFA) exam scholarships.
  • Join the Richmond chapter of the Risk Management Association (RMA).
  • Make a plan with your academic, career, and faculty advisors for applying to graduate school or land a micro-internship.
  • Study for and complete any standardized exams required for graduate school the summer before senior year. 
  • Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.

Excel
MAXIMIZE COURSE AND DEGREE PLANNING
  • Complete MGMT 434 and BUSN 499 in your final semester.
  • Schedule an appointment with your academic advisor the semester before you graduate to ensure that all graduation requirements will be met.
  • Watch out for fall- or spring-only courses and multiple prerequisites and confirm course availability with your academic advisor.
  • Choose REAL electives to diversify your skillset and round out your degree.
GET CONNECTED WITH YOUR COMMUNITY
BUILD CULTURAL COMPETENCE
  • Carry out globally-oriented research projects with multilingual faculty and international partners.
  • Continue mentoring international students at the RMI Trends Conference.
  • Strengthen your resume for working abroad by earning a Bloomberg Certification.
  • Read scholarly articles about diversity in your field.
  • Master your answers to interview questions about your experience working with diverse populations.
  • Plan for how you will grow your cultural agility after graduation.
GET REAL EXPERIENCE
  • Begin your job search 8-12 months before your graduation date and meet with Business Career Services to ensure you are planning ahead.
  • Develop your leadership skills by recruiting, educating, and training your fellow School of Business majors as a mentoring liaison.
  • Meet with your academic or professional mentor and identify examples of your experiential learning to share with employers.
  • Publish your original research in Auctus: The Journal of Undergraduate Research and Creativity.
  • Consider becoming an educator through programs like RTR, which prepare graduates from a variety of majors to become teachers in high-need schools.
PREPARING FOR LIFE AFTER COLLEGE
  • Prepare for and take the Chartered Financial Analyst (CFA) exam.
  • Prepare for graduation by making a plan to complete licensing exams, applications, and self-marketing activities.
  • Sign up for the Connect Mentoring program on VCU Bizconnect and get matched 1:1 with a business mentor for the academic year.
  • Single out prospective employers and create a job or graduate school search strategy at least 8 months before graduation.
  • Have a personal statement or cover letter reviewed by Career Services. 
  • Connect with the Office of VCU Alumni Relations at Grad Fair, Grad Bash, and the VCULink Industry Network or alumni chapter.
Visit majormaps.vcu.edu for the online version with links.
Sponsored by the Office of the Provost
Major map compass icon [View Image]
2021-2022

Finance

School of Business

Concentration(s):
Risk Management and Insurance
MAXIMIZE COURSE AND DEGREE PLANNINGGET CONNECTED WITH YOUR COMMUNITYBUILD CULTURAL COMPETENCEGET REAL EXPERIENCEPREPARING FOR LIFE AFTER COLLEGE
ExploreYear 1
ExperienceYear 2
  • Be prepared for a challenging year of accounting, economics, and math classes and use SI sessions and tutoring at the Campus Learning Center to get ahead.
  • Consider pursuing an economics minor or actuarial science minor.
  • Schedule an appointment with your advisor to explore minors, certificates, and plan your required REAL experience.
  • Get familiar with the research process with the VCU Libraries Research Basics Guide.
  • Talk to professors about your research interests, electives, and strategies for success in your classes.
  • Explore innovation and business/non-profit creation classes with the da Vinci Center.
  • Complete a gap analysis with your career advisor to identify key skills required for your professional field.
  • Internship recruitment season for finance is the fall of your junior year so be sure to have your resume reviewed by Business Career Services before the end of the summer.
  • Meet with Business Career Services for securing externship opportunities in your sophomore year to build your resume.
  • Seek out practical experience through independent skill-building, internships, shadowing, or part-time work.
  • Explore global career options with a career advisor to set goals for getting your dream job.
  • Organize examples of your academic and professional experiences, accomplishments, and reflections in an ePortfolio.
  • Attend career and internship fairs and other professional development events.
  • Pursue a digital badge to highlight the knowledge, skills, and experiences employers and graduate schools value.
  • Apply for special School of Business scholarships available only to continuing business majors.
  • Connect with alumni on VCULink for career advice, industry contacts, and meaningful professional relationships.
  • Join VCU Bizconnect to schedule informational interviews with VCU business alumni and other professionals to learn more about your major and career options.
  • Conduct informational interviews or shadow someone in a field of professional interest.
  • Ask a faculty or staff member to be your academic and professional mentor and to provide future letters of recommendation.
  • Meet with a coach at The Money Spot to set financial goals, understand student loans, and create spending plans.
Year 3
  • Consider applying to the FIRE department's accelerated bachelor's-to-master's pathway.
  • Prepare yourself for success in the finance major's four-semester sequence (FIRE 311, 312, 321, and your FIRE capstone) by seeking academic support early to earn the required grades of C or higher.
  • See your academic and career advisors to discuss graduation progress and career planning.
  • Enhance your business, software, technology, and creative skills using LinkedIn Learning.
  • Attend alumni panel events like Black in Business, First 100 Days, or Women in Business to hear from business professionals who were once in your shoes.
  • Complete practice interviews with a career coach in Business Career Services ahead of your internship interviews.
  • Take advantage of mock interview opportunities through InterviewStream or meeting with a career advisor.
  • Update your ePortfolio.
  • Apply for the Graduate School Mentorship Program to learn more about graduate school and the graduate student experience.
  • Apply for Chartered Financial Analyst (CFA) exam scholarships.
  • Join the Richmond chapter of the Risk Management Association (RMA).
  • Make a plan with your academic, career, and faculty advisors for applying to graduate school or land a micro-internship.
  • Study for and complete any standardized exams required for graduate school the summer before senior year. 
  • Prepare for job offer negotiation by researching salaries, benefits, and other opportunities for flexibility.
ExcelYear 4
  • Complete MGMT 434 and BUSN 499 in your final semester.
  • Schedule an appointment with your academic advisor the semester before you graduate to ensure that all graduation requirements will be met.
  • Watch out for fall- or spring-only courses and multiple prerequisites and confirm course availability with your academic advisor.
  • Choose REAL electives to diversify your skillset and round out your degree.
  • Carry out globally-oriented research projects with multilingual faculty and international partners.
  • Continue mentoring international students at the RMI Trends Conference.
  • Strengthen your resume for working abroad by earning a Bloomberg Certification.
  • Read scholarly articles about diversity in your field.
  • Master your answers to interview questions about your experience working with diverse populations.
  • Plan for how you will grow your cultural agility after graduation.
  • Begin your job search 8-12 months before your graduation date and meet with Business Career Services to ensure you are planning ahead.
  • Develop your leadership skills by recruiting, educating, and training your fellow School of Business majors as a mentoring liaison.
  • Meet with your academic or professional mentor and identify examples of your experiential learning to share with employers.
  • Publish your original research in Auctus: The Journal of Undergraduate Research and Creativity.
  • Consider becoming an educator through programs like RTR, which prepare graduates from a variety of majors to become teachers in high-need schools.
  • Prepare for and take the Chartered Financial Analyst (CFA) exam.
  • Prepare for graduation by making a plan to complete licensing exams, applications, and self-marketing activities.
  • Sign up for the Connect Mentoring program on VCU Bizconnect and get matched 1:1 with a business mentor for the academic year.
  • Single out prospective employers and create a job or graduate school search strategy at least 8 months before graduation.
  • Have a personal statement or cover letter reviewed by Career Services. 
  • Connect with the Office of VCU Alumni Relations at Grad Fair, Grad Bash, and the VCULink Industry Network or alumni chapter.
View graphic versionView graphic versionView graphic version