An agent goes over insurance options with a young couple.

Bachelor of Science in Business Administration (BSBA)


Business Administration: Insurance and Risk Management

Our specialized insurance and risk management track in the business administration bachelor's program at BGSU stands out as one of only a few Ohio four-year degree programs in this field. It is endorsed by the Ohio Governor's office, the Ohio Insurance Institute and the state's vibrant insurance industry. 

Our program is your gateway to becoming a top-tier insurance and risk management specialist. It offers a comprehensive education in the field. 

You'll develop the academic and professional expertise to excel in a variety of careers, including as a risk management advisor or a leader of operations for insurance companies and agencies. 

Insurance and risk management also is available as a minor.

Why study insurance and risk management at BGSU in Ohio?

  • Gain a diverse skill set. The insurance and risk management specialization incorporates principles from many other disciplines: economics, marketing, management, and statistics. Our curriculum also covers investments, retirement funding and life insurance – ideal coursework if you want to integrate this specialization with finance and pursue a career as a financial planner. 
  • Plentiful job opportunities. Insurance and risk management is a stable field with a wide range of jobs. Our career coach will help you navigate your career journey from your first internship to landing that full-time job.
  • Industry-driven partnerships. We work closely with the Ohio’s Governor’s office and the Ohio insurance industry.  Our students benefit from the relationships we cultivate with industry through the Insurance and Risk Management Institute. Insurance professionals serve on our Insurance Advisory Board, speak in our classes and help us respond to industry issues and create relevant curriculum.
  • Active student organization. Join the BGSU chapter of Gamma Iota Sigma, a business fraternity for insurance and risk management and actuarial science majors.
  • Immersive education. Hands-on opportunities outside of the classroom give you the real-world skills that build your resume and impress potential employers.  
    • Gain job experience as early as freshman year. Over 73% of business graduates complete one or more internships. Nearly all interns are paid, with an average salary of $19 an hour.
    • We offer ample study abroad opportunities with university partners around the world. 
  • Community of support. The Business District is a live-in learning community in which residents forge connections with fellow business students and enjoy additional support and unique opportunities.
  • Expert faculty. Receive a cutting-edge education from our world-renowned faculty members who are actively involved in industry and bring current issues into the classroom. They are thought leaders whose trailblazing research shapes the future of business practice and theory.
  • An affordable education. Benefit from over $1 million in scholarships awarded annually to business majors. More than 90% of incoming students receive some form of financial aid.
  • Vibrant student life. Learn teamwork, event organization and effective leadership in our 17 business student organizations. These groups consistently earn prestigious awards for their outstanding contributions.
  • Exceptional career outcomes. 98% of BGSU graduates embark on successful careers, pursue advanced degrees or even kickstart their own businesses within six months of graduation.

Ranked among the top business schools in the U.S. for student experience

Poets&Quants, 2023

Career – what can you do with a specialization in insurance and risk management?

The insurance and risk management degree at BGSU leads to a diverse range of high-demand roles across industries. 

Organizations prioritize skilled professionals who can navigate and mitigate risks effectively in today's complex business landscape. You will graduate as a sought-after specialist equipped to:

  • Assess, manage and strategize against potential risks and advise on risk management strategies
  • Make impactful decisions that safeguard businesses and drive success 

Career paths

  • Risk analyst
  • Benefits administrator
  • Compliance officer
  • Claims adjuster
  • Risk consultant
  • Fraud investigator
  • Insurance broker/agent
  • Loss prevention manager
  • Pricing analyst
  • Risk manager
  • Underwriter


Median starting salary for BGSU business graduates –
among the highest in Ohio


The insurance and risk management curriculum emphasizes a balanced blend of theoretical knowledge and practical skills. Core courses cover risk assessment, insurance principles and legal frameworks. 

You will learn through hands-on experiences, including case studies and simulations. Leading industry experts share knowledge on regulatory compliance, financial analysis and emerging trends in the insurance industry. 

Required courses

Three business students work together at a classroom table.

Sample courses

  • Financial Institutions and Risk Management
  • Insurance Careers
  • Life and Health Insurance
  • Risk Financing
  • Risk Management and Insurance Planning
  • Property and Liability Insurance

One of only 6% of business schools with AACSB accreditation, the highest accreditation possible

Schmidthorst College of Business Specializations

The flexibility to complete one or more of our 13 specializations distinguishes us from other universities – and gives you a competitive edge in the job market.

  • Accounting
  • Applied Economics
  • Business Analytics and Intelligence
  • Economics
  • Finance
  • Individualized Business
  • Information Systems
  • Insurance and Risk Management
  • International Business
  • Management
  • Marketing
  • Sales and Services Marketing
  • Supply Chain Management

Premier entrepreneurship program

The Paul J. Hooker Center for Entrepreneurial Leadership at BGSU is one of 20 centers worldwide recognized by the Association to Advance Collegiate Schools of Business (AACSB). 

We weave entrepreneurship into all business programs and offer an entrepreneurship minor.

You can take courses in:

  • Real estate entrepreneurship
  • Women and social entrepreneurs
  • Nonprofit and corporate responsibility
  • Innovation and disruption

Top business leaders and entrepreneurs-in-residence bring real-world experience and expertise to our curriculum. A mentorship program connects students with alumni and industry leaders.

Thanks to an incubation program funded by alumni and supporters, more than $800,000 has been provided to student entrepreneurs to start their own ventures.

BGSU Schmidthorst College of Business

The Insurance and Risk Management Specialization is a program of the Finance department in the Allen W. and Carol M. Schmidthorst College of Business

Updated: 11/30/2023 01:21PM