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Columbia Campus    
2019-2020 Undergraduate Studies Bulletin 
  Sep 30, 2023
2019-2020 Undergraduate Studies Bulletin

Risk Management and Insurance, BSBA

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Learning Outcomes

  • Students will understand and apply the processes for identifying risk and measuring risk, as well as the various methods for managing risk (e.g., mitigation, insurance, diversification and hedging).   
  • Students will understand the conditions that hinder the trading/sharing of risk, including correlation in outcomes, moral hazard, adverse selection, and transaction costs.
  • Students will understand and apply the models for pricing insurance products.  
  • Students will understand the institutional context in which insurance is sold, including regulation, ownership structure, and marketing channels.

Internationalization Requirement

The program also requires 9 hours of course work with international content that may be used to fulfill other degree requirements. Three hours must be taken from an approved list of courses offered by the Moore School of Business which contain international business or international economics content. The following course options can also be used to satisfy the 3 credit hours of this requirement: approved course work containing international business or international economics content, taken at a semester abroad program; an approved Maymester or summer overseas course containing international business or international economics content; an approved internship course in international business wherein a student would obtain discipline-related work experience in a foreign country; or an approved service-learning component. Students may choose from one of the following options to complete the remaining 6-hour requirement:

Language: Two language courses at the 200 level or above


Electives: Two approved courses with international content taken either inside or outside the Moore School of Business from a list available in the undergraduate office.

Major Map

A major map is a layout of required courses in a given program of study, including critical courses and suggested course sequences to ensure a clear path to graduation.

Major maps are only a suggested or recommended sequence of courses required in a program of study. Please contact your academic advisor for assistance in the application of specific coursework to a program of study and course selection and planning for upcoming semesters.

Risk Management and Insurance, BSBA


Degree Requirements (122 hours)

See Darla Moore School of Business  for entrance requirements, progression requirements, and other regulations.

Program of Study

  1. Carolina Core (31-43 hours)
  2. College Requirements (40 hours)
  3. Program Requirements (27-36 hours)
  4. Major Requirements (15 hours)

1. Carolina Core (31-43 hours)

Effective, Engaged, and Persuasive Communication: Written — CMW (6 hours)

must be passed with a grade of C or higher

Analytical Reasoning and Problem Solving — ARP (6-7 hours) 

must be passed with a grade of C or higher

Scientific Literacy — SCI (7 hours)

Global Citizenship and Multicultural Understanding: Foreign Language — GFL (0-6 hours)

Students shall demonstrate in one Foreign Language the ability to comprehend the topic and the main ideas in written and, with the exception of Latin and Ancient Greek, spoken texts on familiar subjects. This ability can be demonstrated by achieving a score of two or better on a USC foreign language test. Those failing to do so must satisfactorily complete equivalent study of foreign language at USC.

​Global Citizenship and Multicultural Understanding: Historical Thinking — GHS (3 hours) 

Global Citizenship and Multicultural Understanding: Social Sciences — GSS (3 hours) 

Aesthetic and Interpretive Understanding —  AIU (3 hours)

Effective, Engaged, and Persuasive Communication: Spoken Component* — CMS (0-3 hours)

Information Literacy* —  INF (0-3 hours)

Values, Ethics, and Social Responsibility* — VSR (0-3 hours)

*Carolina Core Stand Alone or Overlay Eligible Requirements — Overlay-approved courses offer students the option of meeting two Carolina Core components in a single course. A maximum of two overlays is allowed. The total Carolina Core credit hours must add up to a minimum of 31 hours. Some programs may have a higher number of minimum Carolina Core hours due to specified requirements.

3. Program Requirements (27-36 hours)

Supporting Courses (0-6 hours)

must be passed with a grade of C or higher

Upper-Level Business Electives: Students with a single major in Risk Management and Insurance must complete additional upper level (300-level or above) business/economics course work (in ACCT, ECON, FINA, IBUS, MGMT, MGSC, or MKTG) for a total of 21 hours of Upper-Level Business courses, which include major hours. Students must meet prerequisites to take the business elective of their choosing. Students may choose to double major or pursue a business analytics concentration in place of Upper-Level Business Electives.

Minor or Directed Coursework (minimum of 18 hours)

Minors (non-business) may be selected from a University-wide list of approved minors. The minor is normally a minimum of 18 hours of prescribed courses in one subject area. Students not selecting such a minor may submit an alternative program of study to satisfy the directed coursework requirement. All alternative programs of study are subject to approval by the Undergraduate Program Faculty Committee in coordination with the Undergraduate Division. All minor courses or directed coursework must be passed with a grade of C or better.

Electives (3-12 hours)

All students must complete 3 hours of electives, not to include coursework in PEDU or MATH/STAT below the Moore School minimum requirements (ex. MATH 111 or STAT 110). Students are strongly encouraged to take a business section of UNIV 101 to fulfill this elective.  Additional electives may be needed if a student exempts the foreign language requirement or fulfills Carolina Core requirements with overlay courses.  Those credit hours must be replaced with additional elective credits.

4. Major Requirements (15 hours)

A minimum grade of C is required in all major courses.

Major Courses (6 hours)

Major Electives (9 hours)

Three courses from the following:

**Depending on the semester or nature of the project, FINA 490 may or may not be applicable to the Risk Management and Insurance major.  Please consult your adivsor to determine if it is applicable in the semester you wish to enroll in the project course.

Business Analytics Concentration (12 hours) optional

Please consult with your Academic Advisor or department on the courses recommended for individual majors. The analytics concentration must be taken in conjunction with a major. The department may add additional electives to the Business Analytics Concentration, subject to the approval of the Business Analytics Task Force.

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