Risk Management Degree

Prepare for Roles in Risk Management and Insurance with TROY’S B.S.B.A.

Help people and businesses protect themselves from catastrophic losses by managing or anticipating risk with the Bachelor of Science in Business Administration (B.S.B.A.) with a risk management and insurance (RMI) concentration. This business program at Troy University can prepare you for producer, brokerage, underwriting, claims and risk management roles. Of our 2022 program graduates, 100% received offers for RMI jobs shortly after graduation — with average starting salaries exceeding $60,000 per year. TROY’s distinctive business degree will make you marketable and well-qualified for RMI jobs, helping you develop industry-specific knowledge in risk management and insurance and crucial skills for positioning businesses to succeed. You’ll learn how to manage risk within a global business framework and gain an understanding of risk management and insurance concepts for both commercial and personal insurance needs.

Flag flying in front of John Robert Lewis Hall on the Troy Campus, the home of the Sorrell College of Business and the Department of Risk Management & Data Analytics

“The best part of TROY’s RMI program is the faculty and student commitment to growth. The professors in this program want their students to learn, grow and become successful insurance professionals upon graduation. The students in this program make it one of the best because they make class interactive for each other.”

Ellie Norton | Associate Broker, XS Brokers | 2021 graduate, B.S.B.A. in Global Business - RMI

A Risk Management Degree Uniquely Positioned for Success

TROY’s business degree with a concentration in risk management and insurance is one of the few programs in the nation where you can focus on the specialty insurance market, excess and surplus lines (E&S). This insurance covers risks that standard insurance companies won’t, such as coal mines, cargo ships, aviation, etc. That makes E&S an exciting and rewarding sector for RMI jobs, where you’ll be continually challenged in your career. With this concentration, you’ll have a competitive edge in the job market for this growing and profitable segment of the insurance industry.

Tremendous Opportunities for Internships in Risk Management and Insurance

Through our robust internship program, you’ll make connections that can lead to rewarding RMI careers helping people and individuals manage and anticipate risk. You’ll benefit from RMI faculty who are engaged with industry partners across the country and are willing to assist you in securing internships. Nearly 90% of our students complete at least one paid internship before graduation. Another way to gain first-hand exposure to the E&S market is through our London study abroad experience, offered each May. Experience additional skill-building and networking opportunities through Gamma Iota Sigma - Beta Iota Chapter.

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Risk Management and Insurance Curriculum

While specific courses may vary from year to year, your coursework may include:

Academic Catalog Degree Map

Risk Management Degree Locations

Take in-person classes for the B.S.B.A. with risk management and insurance concentration. For more information about program availability and delivery options, call 1-800-414-5756

Troy Campus

Earn Your State Producer License Before You Complete Your B.S.B.A.

Even before you complete your business degree at TROY, you’ll have the opportunity to complete your state producer license in Alabama, allowing you to sell insurance products in the state. Most TROY students earn their state producer license in their second semester of the risk management degree program.

The risk management and insurance degree coursework is closely aligned with the Associate in Surplus Lines Insurance (ASLI) and Chartered Property Casualty Underwriter (CPCU) professional designations. You’ll be able to work toward these and other designations while pursuing your business degree at TROY.

Students attending business fair on the Troy Campus

Careers with the TROY Risk Management Degree

According to the U.S. Bureau of Labor Statistics (BLS), nearly 500,000 insurance employees will retire soon, creating a need for highly qualified insurance professionals — including those who know how to manage the risks businesses face in a global business environment. From insurance underwriters to risk specialists, your B.S.B.A. with a risk management and insurance concentration will prepare you for a wide range of RMI careers. Several TROY students have also continued on to law school after completing their B.S.B.A.

Faculty Profiles

Dr. Courtney Baggett

Dr. Courtney (Bass) Baggett, Director of the risk management and insurance program, is an Associate Professor and Chair of the Department of Economics, Finance and Risk Management and Insurance. A 2012 graduate of TROY’s RMI program, Dr. Baggett was appointed director of the RMI program in August 2019. She earned her Ph.D. at Florida State University in 2016 and holds the CPCU, ASLI and ARM professional designations.

Learn more about our faculty 334-808-6130 cbaggett@troy.edu

Dr. Ed Pappanastos

Dr. Ed Pappanastos, Professor of RMI and Associate Chair of the Department of Economics, Finance and Risk Management and Insurance, has been on the TROY faculty since 1997. Dr. Pappanastos received his Ph.D. in applied statistics from the University of Alabama. He has received recognition for teaching excellence, including TROY’s Ingalls Award for Excellence in Classroom Teaching and the Wallace D. Malone, Jr. Distinguished Faculty Award.

Learn more about our faculty 334-670-3416 edp@troy.edu

Dr. Dan Yang

Dr. Dan Yang, Assistant Professor of Risk Management and Insurance, joined the Sorrell College of Business faculty in 2022. She holds a Ph.D. in risk management and insurance from the University of Georgia and an M.S. in Actuarial science from Temple University. She has worked in national and international accounting firms in China.

Learn more about our faculty 334-670-3194 yangd@troy.edu

Risk Management and Insurance Scholarships

The Alabama RIMS Scholarship: $1,000-$3,000; min. 2.5 GPA
State Farm Endowed Scholarship: $1,200; must maintain 3.0 GPA
WSIA - Derek Hughes Scholarship Program: $5,000

FAQ About this Business Program at TROY

Learn more about the field of risk management and insurance and our program.

What is a B.S.B.A. degree?

A B.S.B.A. degree is a Bachelor of Science in Business Administration. It prepares you for leadership and management roles in all types of businesses and industries. When you choose a B.S.B.A. degree with a concentration, like the risk management and insurance concentration at TROY, you can focus your business degree specifically on your interests and career goals.

How do I become a risk manager in insurance?

A risk manager in insurance identifies and analyzes risks, which are potential losses by accidental means and then takes steps to minimize their financial impact. To become a risk manager in insurance, you typically need a bachelor’s degree in a related field, such as finance or actuarial science, or a business degree with an emphasis on risk management and insurance. You’ll want to pursue Associate in Surplus Lines Insurance (ASLI) and Chartered Property Casualty Underwriter (CPCU) professional designations to excel in RMI jobs.

What is risk management in insurance?

Risk management in insurance involves identifying, evaluating, and managing a business's possible threats and losses. It involves using insurance to cover some risks and other methods to deal with the rest.

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RMI graduates are finding post-college success thanks to their instructors.

Sorrell Graduates Find Success in RMI Careers

Since its introduction, TROY’s risk management insurance focus has been committed to setting students up for future success. While demanding academic coursework is important, much of that success is predicated on the personal involvement of expert faculty members who mentor each RMI student. “It was a very friendly, welcoming staff and environment,” said Evan Legassey,…

Program Info

Prepare for Roles in Risk Management and Insurance with TROY’S B.S.B.A.

A Risk Management Degree Uniquely Positioned for Success