Business Administration and Management -MBA Online Masters program at Florida State University

Master of Science in Risk Management and Insurance (MS-RMI).

Begin your application today by entering the Graduate Admissions Portal. application by:.

Business Administration and Management -MBA begins in May and admits only once a year.

Today insurance professionals must possess a variety of skills to make informed business decisions and may face difficult financial, ethical, legal and global concerns. Housed in the Dr. William T. Hold The National Alliance Program in Risk Management and Insurance, this fully online degree program equips professionals to shape an industry that evolves with the world around it.

Ranked among top programs nationwide by U.S. News World Report.

Pursue a quality Master of Science degree at your convenience.

Complete your degree in less than 2 years.

Thrive in program designed for the working professional.

Obtain course waivers or credit for multiple insurance designations.

Admission to the MS-RMI program is highly competitive. The decision is based on a portfolio of qualifications, including prior academic performance, work experience, entrance exam scores (such as the GMAT or GRE) and letters of recommendation.

For example, those who have already earned graduate degrees, have substantial management experience and or graduated with high GPAs from business schools accredited by AACSB International may be eligible. For exact criteria and instructions on requesting waivers, see business.fsu.edu waive.

The following items should be submitted through the Florida State Graduate Application portal, available exclusively online at admissions.fsu.edu gradapp:.

The College of Business accepts all of the following examinations taken within the past two (2) years:.

ESTIMATED PROGRAM COSTS FOR THE 2022-2023 ACADEMIC YEAR.

Florida Residents: $600 per credit hour (market rate) $30.18 per credit hour (fee). Total program cost is $630.18 per credit hour for credit hours: $20,795.94.

Non-Florida Residents: $600 per credit hour (market rate) $60.24 per credit hour (fee). Total program cost is $660.24 per credit hour for credit hours: $21,787.92.

Note: these costs do not include required books and supplies for courses. Costs are subject to change.

There are a variety of financial aid options, including student loans and scholarships available through the College of Business, the RMI program and outside resources. All newly admitted students are considered for scholarships. A select number of current and prospective students are selected each year to receive the Dr. William T. Hold Scholarship.

The Dr. William T. Hold and The National Alliance for Insurance Education and Research. The program provides to College of Business students pursuing a Master of Science in Risk Management and Insurance (MS-RMI). The recipients of these scholarships, known as Hold Scholars, include industry professionals with varied experiences and backgrounds. at business.fsu.edu holdscholars.

The Dr. William T. Hold Scholarship Program is open to current and prospective students. Prospective students can apply once they are accepted into the Master of Science in Risk Management and Insurance Program and indicate their intent to enroll. Applications are due April 1.

RMI 5017 Fundamentals of Risk Insurance Develops concepts such as time value of money, statistical analysis, information technology, and management of risk exposure. Topics include the fundamentals of risk, management of risks, insurer operations, and the regulation of insurance.

BUL 5810 The Legal and Ethical Environment of Business Creates an awareness of the laws and the legal, political, and social institutions which impact upon business activity. The course emphasizes public law, governmental regulation, ethics and corporate governance. Landmark legislation and judicial decisions will be examined.

RMI 5225 Property Liability Insurance Contract Analysis Analyzes basic commercial property and liability insurance contracts, including commercial property, commercial general liability, crime, inland marine, boiler and machinery, commercial auto and farm policies. The course will focus on both the terms of the contract as well as their usage.

RMI 5710 Insurance Company Operations Covers the fundamentals of risk, the management of pure risk, insurance mechanisms, insurer operations and the evolution of risk management. Additional focus will be giving the market trends, regulation, and new trends in risk financing.

RMI 5257 Data Analytics in Risk Management and Insurance This course focuses on the use of data and analytical tools in the insurance industry. A set of tools is developed for analyzing the types of data used by insurers across various functions including loss estimation, loss reserving, underwriting, and claims. Topics will include exploring traditional and new sources of data, legal and ethical considerations, and challenges associated with forecasting and making inferences in the context of risk and uncertainty.

RMI 5720 Insurance Accounting Finance A survey of accounting and finance, financial statement analysis, and statutory requirements for insurance companies. The course also includes important elements of finance such as coverage of present value and incorporating coverage of expected values and expected rates of return for both individual securities and portfolios of securities. (Prere RMI 5710).

MAN 5716 Business Conditions Analysis A combination of statistics and managerial economics designed to illustrate statistical methods and techniques by applying them to basic managerial issues using elementary calculus and basic statistical programs (Excel and SAS) for regressions, testing hypotheses, and applying other statistical methods to important issues in managerial economics. Also, problems of managing the firm in relation to the changing economic environment analysis of major business fluctuations and development of forecasting techniques.

RMI 5810 Personal Financial Planning Focus on individual family financial planning including risk analysis, wealth accumulation, and retirement planning. Analysis of loss exposures facing individuals families basic personal-lines property-liability insurance (auto owners) individual life, health disability insurance as well as information on savings models, credit management, real estate, and longevity risk.

RMI 5345 Risk Management in the Business Enterprise Application of the risk management process, including risk control and risk financing techniques, to business risk management problems. Includes a focus on enterprise risk management and the related tool and techniques.