Master of Business Administration (MBA): Concentration in Insurance and Risk Management
The Master of Business Administration (MBA) is a professional degree intended for those who aspire to increasing levels of responsibility in business and industry. Colorado Technical University offers a concentration in Insurance and Risk Management to students who have earned the Chartered Property Casualty Underwriter (CPCU) designation of the American Institute for CPCU (AICPCU) and Insurance Institute of America (IIA). Upon receipt of proof that an applicant has been awarded the CPCU designation, Colorado Technical University will credit the applicant 16 quarter-hours toward the MBA-IRM degree program.
In today’s complex and challenging business environment, risk management is mission-critical. Insurance professionals can enhance their career opportunities with an advanced degree designed to strengthen their business acumen and tactical savvy.
The MBA with a concentration in Insurance and Risk Management is designed for students who would like to address the needs of individuals both in commercial and business liability.
In this industry-current curriculum, our project-based Professional Learning Model™ can give you the opportunity to develop a working knowledge of the roles and responsibilities of risk managers, compliance directors, claims managers, actuaries and loss control consultants. The CTU PLM™ is designed to place you in the active role of collaborative problem-solver as you can acquire an understanding of various principles and functions of various insurance and risk management professionals.
Successful completion of the MBA with a concentration in Insurance and Risk Management may help students integrate their field of knowledge with business practices. Students may learn how to:
- Demonstrate proficiency in industry validated insurance and risk management skills by the successful completion of the CPCU designation, including:
- CPCU foundation courses
- CPCU Commercial or Personal concentration courses
- CPCU ethics requirement
- CPCU experience requirement
- Integrate insurance and risk management skills with sound business principles and practices.
- Apply research skills to solve insurance and risk management problems.
- Demonstrate change-agent skills using critical and creative thinking.
Core courses in this program have been designed to help strengthen your understanding of the principles of accounting, economics and finance, while gaining practical insights on strategic management. You can also refine your research abilities, and can learn innovative techniques for analyzing and resolving complex insurance and risk management issues. For example:
- In Strategic Management in Dynamic Environments, students can have the opportunity to learn analytical and integrative tools to perform in-depth analyses of industries, firms, and competitors. Course material may include methods to predict competitive behavior and develop and implement strategic plans to achieve and sustain a competitive profile in the emerging global marketplace.
- In Leadership and Ethical Decision-Making, students can review and analyze the concepts of leadership versus managerial roles and responsibilities and examine how societal expectations for ethical behavior and regulatory scrutiny affect both leaders and managers in an organization setting.
- In Applied Managerial Accounting, students can examine how the financial information developed for external users forms the basis for the managerial accounting system as they explores costing systems, cost behavior analysis, responsibility accounting and volume‐profit relationships.
Other core courses in this MBA program include:
- Applied Managerial Economics
- Applied Managerial Finance
- Applied Managerial Decision-Making
- Graduate Research Methods
After a student has completed the MBA core, the MBA Finance Capstone and the award of the CPCU has been validated, he/she will be awarded the MBA-IRM degree.
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This program is available at the following campuses and/or online:
To learn more about CTU, our MBA program and our concentrations or how to apply for admission, please complete and submit the form below.