Undergraduate
Risk Management Minor
The Risk Management Minor prepares students to successfully meet the current and existing risk challenges of the business environment. The program is both structured and flexible to allow students to pursue interests in discipline-specific risks as well as general risks that any enterprise might face.
Classroom Jennings

Curriculum

The Risk Management Minor program requires eighteen semester hours of coursework.

If you have questions about the curriculum or the Risk Management Minor in general, contact the McCombs Business Minors Office.

Risk Management Requirement

Requirement 1 (3 hours)

R M 357E or URB 321R: Introduction to Risk Management

Requirement 2 (3 hours)

Choose one of the following: 

  • R M 369K: Managing Employee Risks and Benefits
  • R M 377: Property-Liability Risk Management and Planning

 

Accounting Requirement

3 hours

Choose one of the following:

  • ACC 310F: Foundations of Accounting (for non-business students)
  • ACC 311: Fundamentals of Financial Accounting (for business students)
  • ACC 311H: Fundamentals of Financial Accounting: Honors (for CBHP students)

Note: ACC 312 is a prerequisite to enroll in FIN 320F and a corequisite to enroll in FIN 357.

Finance Requirement

Choose one of the following: 

  • FIN 320F: Foundations of Finance (for non-business students)
  • FIN 357: Business Finance (for business students)
  • FIN 357H: Business Finance: Honors (for CBHP majors)

 

Elective Courses

6 Hours

Choose two of the following:

  • R M 377: Property-Liability Risk Management and Planning or R M 369K: Managing Employee Risks and Benefits (if not used for Requirement #2)
  • ACF 329: Theory of Interest or M 329F: Theory of Interest
  • Any three hours lower- or upper-division Actuarial Foundations (ACF)
  • CMS 354: Conflict Resolution
  • CMS 371K: Practicum in Conflict Mediation
  • Any three hours lower- or upper-division Economics (ECO)
  • FIN 377: Advanced Topics in Investment Analysis (Topic 2: Financial Risk Management)
  • Any three hours upper-division Legal Environment of Business (LEB)
  • M 339D: Introduction to Financial Mathematics for Actuaries
  • M 339J: Probability Models with Actuarial Applications 
  • M 339U: Actuarial Contingent Payments I
  • M 339V: Actuarial Contingent Payments II
  • M 349P: Actuarial Statistical Estimates 
  • MKT 372T: Topics in Marketing (Topic 27: Reputational Risk and Crisis Management)

Admission Criteria

Admission to the program is based on a student’s overall academic record, including, but not limited to:

  • Hours and number of courses taken in residence,
  • Demonstrated interest in risk management, and
  • Overall UT GPA

In addition, students seeking admission to the Risk Management Minor program must:

  • Be a full-time, degree-seeking UT Austin undergraduate student
  • Follow the guidelines outlined in the application procedures

 

Application Procedures

The Risk Management Minor is available to both business and non-business majors pursuing their degree under the 2020-2022 catalog or later. No supplemental materials are required to apply. Applications are reviewed on a rolling basis.

How to Apply

Step 1: Visit Registrar’s Office Document Submissions to start your application.

Step 2: Enter your EID.

Step 3: From the “Field of Study” pull-down menu, choose “Risk Management”.

Step 4: Confirm your choice and submit the application.

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Important

Once admitted, you must contact your academic advisor to have the Risk Management Minor or Certificate attached to your degree profile. The credential cannot be awarded to you when you graduate from UT Austin if it has not been added to your degree profile.