About this field of study · CIP 52.1304
A program that focuses on the mathematical and statistical analysis of risk, and their applications to insurance and other business management problems. Includes instruction in forecasting theory, quantitative and non-quantitative risk measurement methodologies, development of risk tables, secondary data analysis, and computer-assisted research methods.
- Institution tuition
- $12,376 in-state / $25,722 out-of-state annual rate at this institution, not program-specific
- Field
- Business Analytics
- Median earnings (1 yr)
- $103,101
- Median earnings (5 yr)
- $143,045 based on 200 graduates
- National, this field
- $96,599 – $176,787 national benchmark for the field
- Median debt
- $46,832
- Level
- Master's Degree
- Degrees awarded
- 8 (reporting year)
- Institution website
- Visit institution site
Common careers
Insurance Underwriters
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Considerable preparation needed
Financial Risk Specialists
Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.
Considerable preparation needed
Actuaries
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
Considerable preparation needed
Business Teachers, Postsecondary
Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Extensive preparation needed
Occupations linked to this field of study by the NCES CIP-SOC crosswalk; descriptions from O*NET.