Dec 07, 2022  
2019-2020 Undergraduate Catalog 
2019-2020 Undergraduate Catalog [ARCHIVED CATALOG]

Integrated Risk Management Certificate

The Certificate in Integrated Risk Management is designed as a multidisciplinary specialization for students whose career interest include making business decisions involving risk. The purpose of the Certificate is to provide undergraduate Student Fellows in the Center for Risk Management Education & Research (CRMER) with the opportunity to participate in a concentrated curriculum in integrated risk management concepts, tools, and applications. The course sequence of this Certificate complements and leverages the experiential learning activities Student Fellows participate in through the CRMER.


Upon completion of the Certificate students will be prepared to:

  • Identify and prioritize the types of complex and interconnected risks present in business decision making.
  • Recognize how and why different firms have divergent risk tolerances and risk management strategies.
  • Effectively communicate with risk management business executives to understand the rational for risk management plans, the nature of risk assessment and prioritization, and methods used to measure and monitor risk.
  • Use appropriate quantitative decision tools to identify and measure risk including stochastic simulation, decision analysis, game theory, and statistical modeling.
  • Understand tools companies use to manage risk including insurance, futures and derivative markets, portfolio concepts, scenario analyses, market intelligence, and redundancy and backup systems.
  • Conduct risk management research and effectively communicate risk management analyses and findings in written form and in oral presentations to business executives.

Course Requirements

The Certificate in Integrated Risk Management consists of 18 credit hours. The four core courses and elective course options are currently offered from the Departments of Agricultural Economics, Finance, and Industrial Manufacturing and Systems Engineering. All courses must be taken for a letter grade to qualify for the Certificate.

Core Courses (12 credits required)

Certificate Completion Notes

  • Students must be accepted and either actively engaged, or completed the program, as a Student Fellow in the Center for Risk Management Education & Research to qualify for Certificate.
  • The 6 credits of Elective Courses used to fill requirements for the Certificate cannot be taken in the student’s primary major department.
  • Students must earn a minimum of 3.0 grade point average on courses taken in the Certificate to fulfill the requirements of the Certificate in Integrated Risk Management.
  • No more than 25% of total credit hours required for the Certificate may be transfer credits.
  • The Certificate is offered only to degree seeking students and is not available for non-degree seeking students.

Total credit hours: (18)