Careers in Risk Management & Insurance (RMI)

Risk management is a central part of any organization’s strategic management. It is the process whereby organizations methodically address the risks to their activities with the goal of achieving sustained benefit. Graduates in risk management and insurance find a variety of career opportunities open to them as risk analysts within the business community and government, as brokers/agents providing professional risk management counseling and market placement services for clients, as consultants and personal financial planners, and in the underwriting, marketing, claims adjusting, planning, governmental relations, and financial management activities of insurers.

Possible Job Titles of RMI Graduates:
Account Administrator
Account Analyst
Agent
Broker Trainee
Claims Adjuster
Claims Representative
Insurance Coordinator
Group Benefit Representative
Risk Analyst
Sales Representative
Technical Assistant
Underwriter/Underwriter Trainee
 
Starting Salary Information:
Class of 2011 St. John’s undergraduate RMI majors averaged $50,833

Skills Required:
Analytical and problem solving
Excellent written and oral communication
Knowledge of business principles in finance, accounting, marketing
Detail oriented
Strong math and statistical ability
Able to assess risk
Strong computer and software knowledge

Additional Resources:
O*NET US Department of Labor Career Guide, 2011 Insurance Careers
www.bls.gov/oco/cg/cgs028.htm

Risk and Insurance Managenment Society
www.rims.org

Society of Risk Management Consultants
www.srmcsociety.org

American Institute of Chartered Property and Casualty Underwriters
www.aicpu.org

Independent Insurance Agents & Brokers of America
www.iiaa.org

Property Casualty Insurers Association of America
www.pciaa.net