It is the right time to major in Business Administration and in Risk Management and Insurance. The risk landscape is evolving and threats like cybersecurity breaches and climate
change risks are constantly impacting our lives. This increased complexity has led
to a surge in demand for skilled risk management and insurance professionals.
Launch your career in a high-demand field. With a B.S. in Business Administration
and a specialization in Risk Management and Insurance, you'll be ready to protect businesses from financial risk.
On any given day the global news headlines are peppered with stories of cyber hacks,
bank frauds, scams, natural disasters, the health care landscape, and more, all impacting
corporations and governments. The risk management and insurance specialization will
provide you with the business skills you need with contend with legal, technical and
financial aspects in the finance and insurance industry and help you navigate the
complexities of it.
The state of Maryland has a talent gap in the insurance field. The jobs available
in the insurance field are not limited to insurance underwriting but also include
marketing, human resources and risk management.
Career Tracks
As a risk management and insurance major, you'll delve into the intricacies of
business management and gain the knowledge and skills essential for success in this
financial field.
To help you navigate your future, our faculty has curated specific course clusters
that align with two distinct career paths. While these tracks provide a solid foundation,
remember that risk management and insurance are diverse areas and offer numerous opportunities.
Our flexible program empowers you to customize your coursework and align it with your
unique career goals.
Corporate Risk Management Track
Professionals in risk control and mitigation play a crucial role in safeguarding
organizations from potential threats and losses. Our Corporate Risk Management career
track has been identified by our faculty as one practical way to pursue your degree
and prepare yourself to play a crucial role in protecting organizations and their
customers from everything from cybersecurity threats to weather-related events.
Health Care Risk Management Track
Maryland's health care sector is growing faster than most states. Keeping that in mind our faculty have collaborated
with the faculty of UBalt's College of Public Affairs to curate health management
courses ideal for the Health Care Risk Management Track.
UPCOMING ADMISSION INFORMATION SESSIONS
Monday, Mar. 9, 2026 from 6-7 p.m. | Virtual Session | Register
Monday, May 4, 2026 from 6-7 p.m. | Virtual Session | Register
UBalt has rolling admissions. Contact Assistant Dean Kathea Smith if you'd prefer a one-on-one conversation.
High Demand Career.
The risk landscape is constantly evolving, with new threats emerging like cybersecurity
breaches and climate change risks. This increased complexity has led to a surge in
demand for skilled risk management and insurance professionals. Companies across all
industries need experts to identify, assess, and mitigate risks, ensuring business
continuity and protecting their assets.
Did you Know?
Opportunities in this industry are growing and here are a few reasons why.
Aging Workforce: Many experienced professionals in the field are nearing retirement, creating a talent
gap.
Diverse Career Paths: Risk management offers a wide range of roles, from underwriting and claims adjusting
to risk consulting and cyber security.
Stable Industry: The insurance industry is relatively recession-resistant, providing job security.
Competitive Compensation: Risk management and insurance roles often come with attractive salaries and benefits
packages.
What Our
Graduates Do
Employers are actively looking for aspiring risk managers. Upon graduation, you'll
have a broad framework for evaluating risk and risk transfer markets. You'll know
how to make decisions under uncertainty and apply concepts from finance, probability,
and statistics to measure and improve risk—all skills in high demand.
Common Roles
Claims Specialists
Commercial Underwriters
Insurance Brokers
Insurance Analysts
Risk Managers
Underwriters
A Message from Dean Raju Balakrishnan
A degree from the Merrick School of Business is more than just a qualification; it's a passport to a world of opportunity.
