51°µÍø

Financial Risk Management and Insurance

a woman points at math problems on a chalkboard
men in suits look at computer screens with graphs and charts

51°µÍø's Sellinger School of Business' Financial Risk Management and Insurance major equips students to recognize and address the complex risks that businesses face today. The program emphasizes the importance of integrating risk awareness into strategic decision-making and prepares students to analyze and manage—rather than simply avoid—risk to enhance organizational resilience.

Graduates are well-prepared to enter the insurance industry with the skills, certifications, and practical experience needed to make an immediate impact. Additionally, Sellinger graduates enjoy exceptional placement rates: 99.6% of Sellinger graduates are employed or pursuing further education within six months of graduation. Once employed, Loyola students have high earning potential with mid-career salaries around 30% higher than peer school graduates.

A Launching Pad

Leverage networking events, guest speakers and a strong network of industry partners to gain hands-on experience through internships and forge the connections that lead to successful job placements and long-lasting careers.

Future Focused

Learn the skills needed to help businesses and communities tackle emerging issues in risk management and insurance across topics such as climate and catastrophe; cyber and artificial intelligence; systemic risk; and geopolitical risk.

Quantitative Communication

Develop the soft skills that matter to employers by learning how to effectively communicate risk management and insurance solutions through Loyola’s unique blend of liberal arts and business education. 

What You’ll Learn:

From mastering the tools of the trade to developing critical problem-solving and decision-making skills, graduates of Loyola’s financial risk management and insurance program will:

  • Develop a strong foundation in risk identification, measurement and mitigation;
  • Examine the insurance process and learn how insurance markets and products help manage risk;
  • Build the skills needed to navigate current and emerging risks such as climate; cyber; geopolitical; systemic; and artificial intelligence;
  • and Effectively communicate risk management and insurance information to key stakeholders. 

Practical Applications of Financial Risk Management and Insurance

Leverage the skills and specializations you’ve built throughout the program in an application focused capstone where you'll hone problem solving, critical thinking and communication skills through collaborative real-world case studies in risk management and insurance.

Quantitative Financial Risk Management

Learn the quantitative and data analysis tools that drive the financial risk management industry. An emphasis is placed on how to interpret and effectively communicate complex quantitative risk management strategies and models to stakeholders. Topics covered include value-at-risk (VaR); loss modeling; survival analysis; Monte Carlo simulations; scenario analysis; decision tree frameworks and time series forecasting.

 

Our graduates will be prepared for a variety of roles in corporate risk management, insurance and reinsurance, financial institutions, consulting, and regulation.

Typical entry level financial risk management and insurance positions include:

  • Insurance: Underwriter; Insurance Agent/Broker; Claims Adjuster/Examiner; and Actuary
  • Financial Risk Management: Credit Risk Analyst; Bank Examiner; and Compliance Officer

Contact

Lisa Fairchild
Professor of Finance
Chair, Department of Finance
lfairchild@loyola.edu

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