Risk Management and Insurance - Online - Ferris State University

Practical Education, Flexible Career, Rewarding Life

Lead the way towards better outcomes with a degree in Risk Management and Insurance (RMI). Learn the skills needed to protect your clients and promote restoration if disaster hits.

Dive in day one at Ferris. Build a foundation in business and tailor your degree to fit your interests, from risk management to employee benefits. Gain industry insights from our expert faculty who bring their years of experience to the classroom.

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Online and On Your Schedule

Work on your classes when and where it works for you with the flexibility and convenience of online classes. The online option isn’t just traditional classes with an internet spin. It is web-native, built specifically for the online learning environment by our industry expert faculty and course designers. Engage in lectures and collaborate with your peers and instructors wherever you are.

You also have the option to complete this program in-person at our main campus in Big Rapids for a unique hands-on learning experience.

Risk Management and Insurance - Online - Ferris State University

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Our advisors are ready to meet with you. Contact our advisors or schedule an appointment now!

Sarah Adkins
(616) 643-5733
[email protected]
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If you are interested in earning a certificate, explore our Insurance or Risk Management certificate programs.

Program Features

Career Pathways

15 Reasons to Pursue an RMI Degree

Job opportunities abound. One-third of insurance producers are between the ages of 55 and 64.
One million current RMI employees will retire by 2027.
It’s rewarding. More than 90 percent of insurance professionals between 19 and 35 years of age say that insurance careers meet important criteria essential for job satisfaction, including work/life balance, career development opportunities and financial stability.
You don’t have to sell insurance, although can make good money doing so! You could be a risk manager, claims adjuster, underwriter, loss control consultant, product developer, business analyst, technology professional, and more. There’s a job for your skills and interests!
It’s a stable and sustainable career. The industry employs more than 2.3 million people in America – more than Google, Facebook, Apple, Twitter and Yahoo combined.
The work is not boring. Emerging risks related to driverless cars, drones, 3D printers, wearables, and the internet of things means that each day will bring its own challenges and unique experiences.
The insurance industry is looking to you – the generation of digital natives – to creatively use technology to solve problems and deliver risk solutions.
Many RMI work schedules are flexible. Depending on your position, you may be out in the field conducting business, working from home, and setting your own schedule.
Live and work where you want. There are insurance opportunities everywhere. You can work in Detroit, Chicago, New York City, San Francisco, or any other major metropolis. You can also find opportunities overseas in places like London, Tokyo, and Zurich. If you prefer more serene settings, you can work in Traverse City or even the Upper Peninsula of Michigan.
Make a difference for the common good. You will play a role in helping people and restoring property and business after catastrophes. Insurance companies paid a combined $41 billion to policyholders after Hurricane Katrina, and the industry routinely donates several hundred million dollars to charitable causes.
Scholarships can pay for a large portion of your tuition. There are more than 30 scholarships totaling over $50,000 in tuition assistance listed on the Ferris RMI website alone, and this is not an exhaustive list by any means. 5
Internships often lead to permanent jobs. Internships provide real-world experience and valuable connections, and they often result in a permanent job after graduation.
Experiential and networking opportunities throughout your academic career. Gamma Iota Sigma membership and numerous industry field trips and conferences give you a chance to build your professional network and experience the industry before you graduate.
Risk Manager is suddenly a hot job. The 2020 coronavirus pandemic has catapulted the risk management field into prominence almost overnight, and spurred boards to seek risk experts.
Lucrative Compensation. Insurance professionals’ average base salary was $150,300 with 58% receiving average bonuses of $35,150, with average industry experience of 23.4 years. .

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What Graduates are saying

“The professors have a tremendous amount of real world experience that they apply to courses to help every student connect what they are learning to what they might come across in the future. With the course options, students get to tailor their schedule to what interests them about risk management and insurance.” – Jaclynn Tofilski, Class of 2020

“The RMI program at Ferris State University greatly helped set me up for success in my career. The smaller class sizes coupled with great industry knowledge and experience from the Professors really helped to make the experience rewarding and wholesome." - Derek Lodholtz, Class of 2017

Admission Requirements

To be admitted to the Risk Management and Insurance program, you must have the following:

New Student Admission Requirements

2.50 High School GPA (on a 4.00 scale)

SAT Scores - Two of the Three Criteria:
1. ERW SAT score of 450 or higher.
2. Math SAT score of 500 or higher. Placement in MATH 109 or 110 will be considered (Math SAT score of 480 or higher).
3. Composite SAT of 900 or higher.

ACT Scores - Two of the Three Criteria:
1. English ACT score of 16 or higher.
2. Math ACT score of 19 or higher.
3. Reading ACT score of 19 or higher.

Transfer Student Admission Requirements

Combined college or university GPA of 2.35 (on a 4.00 scale) from all institutions attended. GPA based on completion of 12 credit hours or more.
Transfer equivalency for Ferris State University’s ENGL 150 or placement during the first semester at Ferris State University which would require an English ACT score of 16 or higher; or ERW SAT score of 450 or higher; or English Accuplacer score of 6 or higher.
Transfer equivalency for Ferris State University’s MATH 114 or 115 or placement during the first semester at Ferris State University which would require a Math ACT score of 19 or higher; Math SAT of 500 or higher; or Math Accuplacer scores: Elementary Algebra score 75 or higher and College Level Math 0 to 49.

For additional information or questions, contact an advisor for all of the details.

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