Overview
The Bachelor of Science in Risk Management and Insurance is a specialized undergraduate program designed to prepare students for careers in the dynamic field of risk management and insurance.
This program equips students with the knowledge and skills necessary to identify, assess, and manage risks in various industries and provides a solid foundation for understanding insurance principles, policies, and practices.
The curriculum of the program combines core business courses with specialized courses in risk management and insurance.
Students will gain a comprehensive understanding of risk assessment, risk financing, insurance coverage, underwriting, claims management, and regulatory compliance.
They will also develop critical thinking, problem-solving, and analytical skills to evaluate and mitigate risks in different organizational settings.
Admission Criteria
- A recognized general education diploma or its equivalent
- Students joining MCBS must go through an English placement test to determine the appropriate English level
- Students presenting a valid score of 5.5 and above in IELTS or 65-79 in internet based TOEFL (iBT) are exempt from the first part of the placement test and are required to take the other part of the English language program (writing test).
- Students will need to go through Mathematics and IT placements tests to determine their levels of proficiency in these subjects as they are part of the GFP or possible exemption
- Mathematics placements tests will determine whether Basic Mathematics (MATH 10) and Pure Mathematics (MATH 21) can be exempted, or students will be given both or one of them
- IT placement test will determine whether students will require to take the Information Technology foundation course (COSC 10)
Program Structure
Duration: Bachelor’s degree requires about 8 semesters or 4 years
Program delivery: 12-15 credits per normal semester and 6 credits per summer semester
Internship: Placement on a 3-month internship
Courses: Apart from courses closely related to the program, students take general education courses.
| Courses | Credits |
|---|---|
| Core Courses | 21 |
| Communication skills | 12 |
| Humanities | 09 |
| Social Sciences | 12 |
| Mathematics and Computer Science | 09 |
| Natural Sciences | 03 |
| RMI Electives | 15 |
| General Business requirements | 36 |
| Graduation Requirements | 03 |
| Total | 120 |
Core Requirements (21 Credits)
| Course Code | Course Name | Credits |
|---|---|---|
| FINA 3343 | Investments | 3 |
| RMIN 4329 | Risk Management in Islamic Institutions | 3 |
| RMIN 4331 | Insurance Law | 3 |
| RMIN 4332 | Financial Modeling | 3 |
| RMIN 4333 | Risk Financing | 3 |
| RMIN 4334 | International Insurance Markets | 3 |
| RMIN 4335 | Special Topics in Risk Management and Insurance | 3 |
Career Opportunities
Graduates of the program are well-prepared for a wide range of career opportunities in the field of risk management and insurance.
They may pursue roles such as:
- Risk Analyst
- Underwriter
- Claims Adjuster
- Insurance Broker/Agent
- Risk Consultant
- Loss Control Specialist
- Insurance Claims Manager
- Risk Manager
- Compliance Officer
- Actuary
Additionally, the program provides a solid foundation for students who wish to pursue advanced degrees or professional certifications in risk management, insurance, or related fields.
Ready to take the next step?
Info
Duration: 4 years full-time
Semester Starts: Fall, Spring, Summer I and Summer II.
Fee: 12,036 OMR