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Nov 23, 2024
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2018-2019 USC Lancaster Bulletin (Archived Copy) [Archived Catalog]
Risk Management and Insurance, B.S.B.A.
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Overview
The business administration curriculum allows sufficient flexibility for adaptation to a student’s particular interests and goals. A minimum of 122 hours is required for the B.S.B.A degree in all majors except accounting, operations and supply chain, international business and the entrepreneurship concentration of management,* all of which require a higher number of hours as outlined in the bulletin. The required hours are divided between business administration and Carolina Core courses in English, history, foreign languages, natural and behavioral sciences, and other disciplines. All business administration students are required to earn 40 hours in a common core sequence of business subjects. The major field for all majors requires 12-24 hours beyond the common business core. All business majors require a minimum of 21 hours of upper level business coursework in addition to the common business core. If a major is less than 21 hours, the difference shall be made up with advisor-approved upper level business electives. A minimum of 18 credit hours in additional directed course work is required.
The school has developed options designed to complement core and major requirements. Information and assistance in the development and selection of options are available through the advising facilities of the school.
*The accounting major requires 24 hours. International business and the entrepreneurship concentration of management require a second major within business. Those major combinations range from 27 to 39 hours, depending on the double major selected.
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).
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- Students will understand the conditions that hinder the trading/sharing of risk, including correlation in outcomes, moral hazard, adverse selection, and transaction costs.
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- Students will understand and apply the models for pricing insurance products.
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- Students will understand the institutional context in which insurance is sold, including regulation, ownership structure, and marketing channels.
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Degree Requirements (122 Hours)
Risk Management and Insurance Major Requirements (15 Hours)
See Darla Moore School of Business for entrance requirements, progression requirements, and other regulations.
- Carolina Core Requirements (31-43 Hours)
- Business Core (40 Hours)
- Approved Electives (3-12 hours)
- Upper-level Business Courses to include major (minimum 21 hours)
- Directed Course Work or minor (minimum of 18 hours)
- Optional Business Analytics Concentration (12 hours)
- Internationalization Requirement (9 hours, which may be fulfilled through other degree requirements)
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1. Carolina Core (31-43 Hours)
CMW: Carolina Core Effective, Engaged and Persuasive Communication: Writing (6 Hours)
ARP: Carolina Core Analytical Reasoning and Problem-Solving (6-8 Hours)
SCI: Carolina Core Scientific Literacy (7 Hours)
- Two approved Carolina Core Scientific Literacy courses including one laboratory course
GFL: Global Citizenship and Multicultural Understanding: Foreign Language (0-8 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 much satisfactorily complete equivalent study of foreign language at USC.
GHS: Carolina Core Global Citizenship and Multicultural Understanding: Historical Thinking (3 Hours)
- Any approved Carolina Core History course
GSS: Carolina Core Global Citizenship and Multicultural Understanding: Social Sciences (3 Hours)
- Any approved Carolina Core Social Science course
AIU: Carolina Core Aesthetic and Interpretive Understanding (3 Hours)
- Any approved Carolina Core Aesthetic and Interpretive Understanding course
CMS: Carolina Core Effective, Engaged, and Persuasive Communication: Speech (3 hours)
- Any approved Carolina Core Speech course
INF: Carolina Core Information Literacy (0-3 Hours)
- This requirement may be met in an overlay course that combines learning outcomes from two Carolina Core components
VSR: Carolina Core Values, Ethics, and Social Responsibility (3 hours)
- Any approved Carolina Core Values, Ethics, and Social Responsibility course. This requirement may be met in an overlay course that combines learning outcomes from two Carolina Core components.
2. Business Core (40 Hours)
3. Approved Electives (3-12 Hours)
All students must complete 3 hours in Approved Electives not to include coursework in PEDU or MATH/STAT below the Moore School minimum requirements (ex. MATH 111 or STAT 110).
If a student exempts the foreign language requirement or fulfills Carolina Core requirements with overlay courses, those credit hours must be replaced with approved elective credits. Students are strongly encouraged to take a business section of UNIV 101 to fulfill elective hours.
4. Upper level Business Courses to include major (minimum 21 Hours)
Risk Management and Insurance (15 Hours)
Students must take the following two (2) courses:
Students must choose three of the following courses:
Upper Level Business Courses (0-6 Hours)
Students with a single major in Risk Management and Insurance must complete additional upper level (300-level or above) business/economics course work for a total of 21 hours, including the major hours. Students may choose to double major or pursue a business analytics concentration to fulfill this requirement.
5. Directed Course Work or Minor (minimum of 18 Hours)
Students with a single major in Risk Management and Insurance must complete additional upper level (300-level or above) business/economics course work for a total of 21 hours, including the major hours. Students may choose to double major or pursue a business analytics concentration to fulfill this requirement.
6. Optional Business Analytics Concentration (12 Hours)*
Required Course (3 Hours):
MGSC 394 - Data Analytics for Business
Choose 9 Hours from the list below:
ACCT 404 - Accounting Information Systems I
ECON 436 - Introductory Econometrics
FINA 444 - Corporate Risk Management
FINA 469 - Investment Analysis and Portfolio Management **
FINA 472 - Student-Managed Investments
MGMT 425 - HR Analytics
MGSC 390 - Business Information Systems
MGSC 486 - Service Operations Management
MKTG 352 - Principles of Marketing Research
MKTG 447 - Pricing Strategy and Analytics
* Please consult with your Academic Advisor or department on the courses recommended for individual majors. The analytics concentration must be taken in conjunction with another track in your major. The department may add additional electives to the Business Analytics Concentration subject to the approval of the Business Analytics Task Force.
7. Internationalization Requirement (9 Hours)
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.
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