BS Risk Management and Insurance

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 5-5.5 in IELTS or 65-79 in internet based TOEFL (iBT) are exempted from the English program
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

Required English Prerequisites

IELTS (academic): 6.0 (with no band less than 6.0)

TOEFL (internet) min overall score 60

MCBS Placement Test

Applicants who do not have official IELTS or TOEFL scores are required to take MCBS English Placement Test.

Students will need to go through Mathematics and IT placement tests to determine their levels of proficiency in these subjects as they are part of the GFP or possible exemption.

Department Contact

Contact Program Chair Dr. Rene Paquibut for more information.