Student using computer 1600x900

Risk Management and Insurance, Bachelor of Science

School of Risk Management, Insurance and Actuarial Science


Risk management and insurance is a central part of any organization’s strategic management. It is the methodical process used to address the risks to their activities with the goal of achieving sustained benefit. Risk managers and insurance professionals help identify, evaluate and manage key risks, including natural disasters and man-made catastrophes. The globalization of economic enterprise and the complexities of our multinational corporate environment are creating an increasing demand for highly skilled risk managers. The rates risk management one of the 50 best jobs of 2011.

In this 124-credit* degree program we teach students the skills necessary to master the financial, legal and economic theories at the heart of corporate risk management. This includes understanding such concepts and tools as risk analysis and transfer/financing. Emphasis is also placed on developing outstanding communications skills, necessary for achieving success in today’s competitive business environment. Students with strong problem-solving and communications skills gain the critical thinking needed to make key decisions under fluctuating circumstances.

This multifaceted, professional degree program is fully accredited by the prestigious the AACSB International (the Association to Advance Collegiate Schools of Business). Leveraging St. John's metropolitan location, students have access to the University's longstanding relationships with leading New York-area financial and insurance organizations as well as to mentoring support from local alumni – who are leading professionals in the field of risk management. We also offer apprenticeship and apprenticeship opportunities, scholarships, job placement services, and student discounts for exam preparation courses offered by the Center for Professional Education.

The Quantitative Risk and Insurance (QRI) track, in the Risk Management and Insurance (RMI) major, combines the fundamental educational elements of both the traditional Risk Management and Insurance major and the Actuarial Science (ACT) major. Upon completing the program, students will have acquired basic quantitative analysis skills and gained knowledge in the field of risk management and insurance.

Contact Us

Margarita David (Applications, Admissions, Scholarships)
[email protected]

Kathleen Sabella (Admission to Certificate in Risk and Insurance)
[email protected]

Alma Rivera (Academic Adviser)
[email protected]

Jody Queen-Hubert (Apprenticeship, Job Placement)
[email protected]

Mark J. Browne (Chairperson)
[email protected]

Apply Request Info Plan your Visit


Quantitative Risk and Insurance (QRI) Track
A score of 550 on the SAT-MATH or its equivalent is required for admission, in additional to the other admission requirements set by the university and the Tobin College of Business.

For more information about admission to this and other acclaimed undergraduate programs at St. John’s University, please visit Undergraduate Admission online or contact:

  • For undergraduate admission and transfer, Margarita David (Assistant Director for Admissions) at [email protected] or 718-990-7533.
  • For academic advisement, Alma Rivera (Advisement Coordinator) at [email protected] or 718-990-2736.


Risk Management and Insurance (RMI) Track

RMI 3333 Commercial Property RMI
RMI 3355Risk Control
RMI 3361 Insurance and Alternative Risk Transfer
RMI 4334Commercial Liability RMI
RMI 4390Insurance Industry Operations

Elective RMI Major Courses: Select two

RMI 3335Life-Health, Pension and SSI
RMI 3350Insurance Leadership in Markets
RMI 3360Corporate Risk Management
RMI 4364Reinsurance
RMI 4399Internship in RMI
RMI 4400Internship in RMI

*127 credits if Pre-calculus is required

Quantitative Risk and Insurance (QRI) Track

MTH 1730Calculus I
MTH 1740Calculus II
ACT 2322Advance Calculus and Introduction to Statistics
ACT 2333Probability
ACT 2334Theory of Interest
RMI 3388Computer Applications in Insurance
RMI 3335Life-Health, Pension and SSI
RMI 3333Commercial Property Risk Management and Insurance*
RMI 4334Commercial Liability Risk Management and Insurance*
RMI 4364Reinsurance*
RMI 3350Insurance Leadership in Markets and Society*

*choose two from the four

Career Outcomes

Students will be prepared to

  • Identify, measure and manage risk and exposure
  • Manage finance loss exposures using alternative risk management techniques
  • Formulate risk management strategies for insurance and financial sectors
  • Develop economic analysis skills
  • Use office technology efficiently and effectively
  • Integrate in-depth knowledge of legal and regulatory environment in decision making process
  • Deliver effective and well-written presentations.

Quantitative Risk and Insurance (QRI) Track
The QRI track is housed in the School of Risk Management, Insurance and Actuarial Science of the Tobin College of Business. Students who complete the program will have obtained introductory knowledge of all core business subjects, including accounting, economics and finance, management, marketing and risk management. Importantly, they will have obtained quantitative analysis skills that will add in making business decisions. With this interdisciplinary set of tools and techniques, graduates are able to describe, predict and recommend business actions that encompass consumer, provider, and distributor behavior, and provide employers with insight for decisions related to managing risks, improving outcomes and driving value for customers.     

Global Approach to Education

Students take advantage of St. John’s location in dynamic New York City. Our faculty and Career Center have strong ties to employers and other professional and educational resources throughout the New York area. Students make New York their classroom through innovative courses like Discover New York.

Students also benefit from St. John's focus on an international academic experience. The University offers extensive study abroad courses during the academic year as well as the winter and summer semesters. Students can live and learn at St. John's Rome, Italy, campus and Paris, France, location.

Additional Information

Along with outstanding courses and renowned professors, students majoring in Risk Management and Insurance at St. John's benefit from the world-class academic, professional and technological resources of The Peter J. Tobin College of Business — and the School of Risk Management, Insurance and Actuarial Science, a unit of the Tobin College that is one of the nation's leading collegiate schools of its kind.

The School of Risk Management is based at St. John's Manhattan campus, an award-winning, ten-story facility with state-of-the-art classrooms, business labs and other resources. The Manhattan campus is close to New York City's financial district — the global center of business and finance. Nearby attractions include Battery Park City, the Hudson River waterfront, SoHo, TriBeCa, Chinatown and Little Italy.

The Manhattan campus's Kathryn and Shelby Cullom Davis Library has an outstanding collection of worldwide risk management and insurance materials dating back to 1569. The Tobin College's Financial Information Lab features  state-of-the-art learning tools including 29 computer workstations. Each computer offers the latest FactSet financial software. The lab provides access to Bloomberg systems as well as news, stock market information and financial data to enrich every student’s understanding of the business world.

Drawing on St. John's extensive contacts in New York City's business sector, the Executive-in-Residence Program (EIRP) is a unique feature of the Tobin College. Guided by leading executives who serve as teachers and mentors, students engage in real-world consulting for actual businesses and non-profit organizations.

The Undergraduate Student-Managed Investment Fund is a highly selective program that gives students hands-on experience with managing a substantial portfolio.

In addition, all business majors can serve those in need while learning about the world of micro-financing by participating in GLOBE. This student-managed academic program works with the University's strategic partners to provide loans for aspiring entrepreneurs who would otherwise be unable to secure loans. 

Students gain an academic and professional edge by joining any one of St. John's more than 180 student clubs and organizations. Business-related clubs in The Peter J. Tobin College of Business include the following:

  • Gamma Iota Sigma: Academic organization for Actuarial Science and Risk Management.
  • APICS, The Educational Society for Resource Management
  • Economics and Finance Society
  • Accounting Society
  • Actuarial Club
  • Advertising Club
  • Marketing Club
  • National Association of Black Accountants 

The Tobin College also offers membership in the following honor societies:

  • Beta Gamma Sigma: The Iota Chapter of this honor society for colleges of business administration
  • Beta Alpha Psi: The national scholastic honor society in accounting
  • Omicron Delta Epsilon:  The Theta Chapter of this national honor society in economics
  • Sigma Iota Epsilon: The Sigma Chapter of the national honor society in management

Of course, Risk Management and Insurance majors also benefit from the outstanding resources all St. John's students enjoy.

Facilities include high-tech classrooms, laboratories and our 1.7 million-volume University Library. Our new D'Angelo Center is a five-story, 127,000-square-foot University and Student Center with classrooms, lecture halls a Starbucks and full-service food court.

The Peter J. Tobin College of Business Dean’s Distinguished Scholars Program

This elite program offers opportunities for high-achieving undergraduate business students to share their academic journey with fellow scholars in the program. It features enriched curricular activities designed to stimulate intellectual, professional, and personal growth by combining opportunities for career development, global study, research projects with faculty, and academic service learning.

Students are selected for the program by Tobin faculty. Business students who graduated in the top 10 percent of their high school class and scored a minimum combined verbal/mathematics SAT score of 1300 will be considered.

The Dean’s Distinguished Scholars Program participation requirements include:

  • Enrollment in Distinguished Scholars-designated courses
  • Participation in a subsidized Scholars Global Destination Course
  • Completion of at least one internship course
  • Participation in two workshop/speaker/career development activities per semester
  • Maintenance of a 3.5 cumulative GPA, both overall and within student’s major

The benefits of the program are many, notably:

  • Participating students receive a $2,000 grant toward the Tobin Global Destination course
  • Participating students have the option to conduct research with a faculty member within the student’s major
  • Participating students may live with other Distinguished Scholars in one of the University’s residence halls