The concentration in risk management and insurance prepares students for careers in the insurance industry on all levels including (but not limited to) underwriting, claims adjusting, employee benefits, risk modeling and analysis, risk management in all sectors of the economy, financial planning, and graduate-level study of risk management.

Learning goals

The goal of the risk management and insurance concentration is provide students with skills in financial management, risk management and financial planning. Graduates will be able to analyze and communicate findings on complex financial issues.

Learning outcomes

Upon completing this program:

  • Students will be able to identify risks, measure them and find mitigating solutions using all financial hedging instruments and insurance. The students will use relevant data to measure risks and solutions including design risk/awards and forecasting, loss reserves, frequency and severity. The students will be using appropriate quantitative measures for making informed risk management decisions as well as financial plans.
  • The students will learn how to interpret data and apply the analysis and design they create to various situations.
  • Students will be able to express the analytic, quantitative and ethical dimensions of risks and risk management of firms. Written and verbal communication are stressed in the RMI classes continually and match the analytical and syntheses capabilities. The students learn to create outlines and position the projects with articulation and clarity in mind. This is present throughout all the RMI classes. Students will be able to identify and analyze ethical dimensions of every element in the RMI education. The students will understand and articulate their fiduciary responsibility in each topic and each scenario.
  • Students will develop a global perspective in their courses and especially in the final class (FIRE 479). The global RMI and enterprise risk management are stressed on all levels - the firms themselves, the products, the instruments, the coverages, the regulation and the challenges, especially in the era of systemic risk and financial stability on global levels for multinational firms.
  • Students in the RMI/financial planning concentration will develop in-depth knowledge and skills in the personal aspects of RMI while covering corporate RMI in less depth. The skills and emphasis will be in the area of financial planning solutions for life cycle risks with added knowledge in financial investing decisions for retirement, taxation and estate planning. The students learn to use financial models for personal RMI solutions.

Special requirements

The foundation program specifies course work required during the freshman and sophomore years. Students are eligible for admission into the advanced business program with a major in the School of Business upon meeting the minimum cumulative GPA requirement and successful completion of:

A minimum of 54 credits in the foundation program54
ACCT 203
ACCT 204
Introduction to Accounting I
and Introduction to Accounting II
6
BUSN 201Foundations of Business3
BUSN 225Winning Presentations3
ECON 210Principles of Microeconomics3
ECON 211Principles of Macroeconomics3
INFO 160Digital Literacy: Computer Concepts, Internet, Digital Devices1
INFO 161Digital Literacy: Word Processing Skills1
INFO 162Digital Literacy: Spreadsheets Skills I1
INFO 165Digital Literacy: Spreadsheet Skills II1
SCMA 212Differential Calculus and Optimization for Business3
or MATH 200 Calculus with Analytic Geometry
UNIV 111 Play VideoPlay course video for Focused Inquiry IFocused Inquiry I3
UNIV 112 Play VideoPlay course video for Focused Inquiry IIFocused Inquiry II (with a minimum grade of C)3
UNIV 200Inquiry and the Craft of Argument (with a minimum grade of C)3

The admission requirements for the School of Business detail the deadlines for students to be admitted to the advanced business program with a major in the school. At least 30 hours of the required business courses for the Bachelor of Science must be taken at VCU.

Students may need to take additional mathematics courses as prerequisites to SCMA 212 or MATH 200. These credits will count as electives in the foundation program. The sample curriculum outline includes SCMA 171 since many of our students will need to complete this course.

The INFO 160, INFO 161, INFO 162 and INFO 165 requirements may be waived upon successful completion of a Knowledge Equivalency Test administered by the Office of Undergraduate Studies. No more than two additional credits may be applied to the degree from the INFO 16x series.

No more than four credits in physical education courses may be applied to the degree.

PSYC 214 may not be counted toward a business degree.

Students must receive a minimum grade of C in FIRE 309, FIRE 449 and FIRE 479 and must have a minimum GPA of 2.0 in the remainder of the finance concentration requirements.

Degree requirements for Business, Bachelor of Science (B.S.) with a concentration in risk management and insurance/financial planning

Business foundation

General Education requirements

University Core Education Curriculum
UNIV 111 Play VideoPlay course video for Focused Inquiry IFocused Inquiry I3
UNIV 112 Play VideoPlay course video for Focused Inquiry IIFocused Inquiry II3
UNIV 200Inquiry and the Craft of Argument3
Approved humanities/fine arts3
Approved natural/physical sciences3-4
Approved quantitative literacy:3-4
Differential Calculus and Optimization for Business
Calculus with Analytic Geometry
Approved social/behavioral sciences3-4
Total Hours21-24
Business General Education requirements
ECON 210Principles of Microeconomics3
ECON 211Principles of Macroeconomics3
INFO 160Digital Literacy: Computer Concepts, Internet, Digital Devices1
INFO 161Digital Literacy: Word Processing Skills1
INFO 162Digital Literacy: Spreadsheets Skills I1
INFO 165Digital Literacy: Spreadsheet Skills II1
Business General Education elective (Select credits from the approved list.)3
Total Hours13

Additional Business Foundation requirements

ACCT 203
ACCT 204
Introduction to Accounting I
and Introduction to Accounting II
6
BUSN 201Foundations of Business3
BUSN 225Winning Presentations3
SCMA 302Business Statistics II3
Open electives8-11
Total Hours23-26

Advanced business program

Advanced business core
BUSN 325Organizational Communication3
FIRE 311Financial Management3
MGMT 303Creativity and Ideation3
MGMT 310Managing People in Organizations3
MGMT 434Strategic Management (capstone)3
MKTG 301Marketing Principles3
SCMA 301Business Statistics I3
Major requirements
Advanced core (flexible by major)
FIRE 312Financial Modeling3
FIRE 317Investments3
FIRE 459Insurance Law3
INFO 360Business Information Systems3
MGMT 319Leadership3
or BUSN 329 Introduction to Intercultural Communication
Major-specific courses
ACCT 405Tax Accounting Principles3
FIRE 309Risk and Insurance3
or FIRE 419 Advanced Risk and Insurance
FIRE 417Security Analysis and Portfolio Management3
FIRE 439Life and Health Insurance3
FIRE 449Employee Benefit Planning3
FIRE 479Managing Financial Risk3
Approved RMI/finanical planning concentration electives6
Total Hours60

Total minimum requirement 120 credits

Business general education electives

Additional University Core Education Curriculum approved courses
Any AFAM, ANTH, ANTZ, ARTH, BIOL, BIOZ, CHEM, CHEZ, CRJS, DANC, ENGL, ENVS, FRSC, FRSZ, HIST, INNO, INSC, INTL (except INTL 493), MASC, MATH, PHIL, PHYS, PHYZ, POLI, PSYC (except PSYC 214), RELS, SOCS, SOCY, USRP or WRLD course
Any foreign language course
Any honors-designated course taught outside of the School of Business
Any of the following UNIV courses:
Food for Thought
The Truth About Lying
Finding Your Voice in Contemporary Society
Pseudoscience
What's the Big Idea?

Approved risk management and insurance/financial planning electives

ACCT 303Intermediate Accounting I3
ACCT 410Advanced Tax Accounting3
BUSN 400
BUSN 401
Principles of Consulting
and International Consulting Practicum (must get credit for both courses to count toward degree completion)
6
ECON 402Business Cycles and Forecasting3
FIRE 316International Financial Management3
FIRE 329E-business Risk Management3
FIRE 359Issues in Risk Management and Insurance3
FIRE 429Property and Liability Insurance3
FIRE 451Options, Futures and Swaps3
FIRE 469Advanced Property/Casualty Insurance: Alternative Markets3
FIRE 491Topics in Finance, Insurance and Real Estate1-3
FIRE 492Independent Study in Finance, Insurance and Real Estate1-3
FIRE 493Internship in Finance, Insurance and Real Estate3
MKTG 315Buyer Behavior3
MKTG 335Introduction to Personal Selling3
MKTG 442Services Marketing3

What follows is a sample plan that meets the prescribed requirements within a four-year course of study at VCU. Please contact your adviser before beginning course work toward a degree.

Freshman year
Fall semesterHours
INFO 160 Digital Literacy: Computer Concepts, Internet, Digital Devices 1
INFO 162 Digital Literacy: Spreadsheets Skills I 1
SCMA 171 Mathematical Applications for Business 3
UNIV 111 Play VideoPlay course video for Focused Inquiry I Focused Inquiry I 3
Approved University Core Education Curriculum courses 6-8
 Term Hours: 14-16
Spring semester
BUSN 225 Winning Presentations 3
INFO 161 Digital Literacy: Word Processing Skills 1
INFO 165 Digital Literacy: Spreadsheet Skills II 1
MATH 200
Calculus with Analytic Geometry
or Differential Calculus and Optimization for Business
3-4
UNIV 112 Play VideoPlay course video for Focused Inquiry II Focused Inquiry II 3
Approved University Core Education Curriculum course 3-4
 Term Hours: 14-16
Sophomore year
Fall semester
ACCT 203 Introduction to Accounting I 3
BUSN 201 Foundations of Business 3
ECON 210 Principles of Microeconomics 3
UNIV 200 Inquiry and the Craft of Argument 3
Business General Education elective 3
 Term Hours: 15
Spring semester
ACCT 204 Introduction to Accounting II 3
ECON 211 Principles of Macroeconomics 3
MKTG 301 Marketing Principles 3
SCMA 301 Business Statistics I 3
Open electives 3-6
 Term Hours: 15-18
Junior year
Fall semester
BUSN 325 Organizational Communication 3
FIRE 311 Financial Management 3
FIRE 459 Insurance Law 3
MGMT 310 Managing People in Organizations 3
SCMA 302 Business Statistics II 3
 Term Hours: 15
Spring semester
FIRE 309
Risk and Insurance
or Advanced Risk and Insurance
3
FIRE 312 Financial Modeling 3
FIRE 317 Investments 3
INFO 360 Business Information Systems 3
MGMT 319
Leadership
or Introduction to Intercultural Communication
3
 Term Hours: 15
Senior year
Fall semester
FIRE 417 Security Analysis and Portfolio Management 3
FIRE 439 Life and Health Insurance 3
FIRE 479 Managing Financial Risk 3
MGMT 303 Creativity and Ideation 3
Approved RMI/financial planning elective 3
 Term Hours: 15
Spring semester
ACCT 405 Tax Accounting Principles 3
FIRE 449 Employee Benefit Planning 3
MGMT 434 Strategic Management 3
Approved RMI/financial planning elective 3
Open elective 3
 Term Hours: 15
 Total Hours: 118-125

Total minimum requirement 120 credits

FIRE 291. Topics in Finance, Insurance and Real Estate. 1-3 Hours.

Variable hours. Variable credit. Maximum of 3 credits per topic. Prerequisite: permission of instructor. An in-depth study of selected business topics. Graded as pass/fail at the option of the department.

FIRE 301. Personal Financial Planning. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Designed to assist households and those providing financial services and advice to households in making complex financial decisions. Units include income and expenditure, credit, borrowing, banking, savings, insurance, home buying, investment, and estate planning.

FIRE 305. Principles of Real Estate. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Focuses on the language, principles, practices and laws that govern the real estate enterprise, including property rights, legal elements, physical aspects of location and production, brokerage, valuation, ethical dimensions, development, financing and land use.

FIRE 306. Regulatory Aspects of Safety and Risk Control. 3 Hours.

Semester course; 3 lecture hours. 3 credits. This course is restricted to students who have completed at least 54 credit hours (junior standing). Examines political, scientific and social concepts of risk that influence the regulation of certain societal hazards and threats. Includes a survey of federal and state laws, regulations and standards that impact upon employment, the environment, industrial security, consumer protection and occupational safety and health.

FIRE 307. System Safety. 3 Hours.

Semester course; 3 lecture hours. 3 credits. This course is restricted to students who have completed at least 54 credit hours (junior standing). Addresses the concepts and practices of system safety; included are basic system concepts, application of system safety techniques, qualitative and quantitative applications such as fault-free, failure-mode-and-effects, MORT and cost-benefit analyses.

FIRE 308. Incident Investigation and Analysis. 3 Hours.

Semester course; 3 lecture hours. 3 credits. This course is restricted to students who have completed at least 54 credit hours (junior standing). Reviews various conceptual and analytical models used in accident/incident investigation strategies and reporting systems, report formats, data collection methods, causal inferences, problem identification and data analysis; in-depth case studies and epidemiological reviews of recent events will be emphasized.

FIRE 309. Risk and Insurance. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Nature of risk; insurance and other risk-handling methods; examination of basic life, health, property and liability principles and coverages.

FIRE 311. Financial Management. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisites: MGMT 212, MATH 200 or SCMA 212; and ACCT 203 or ACCT 202 (for non-business majors). This course is restricted to students who have completed at least 54 credit hours (junior standing) or 24 credits with minimum cumulative GPA of 2.5. Principles of optimal financial policy in the procurement and management of wealth by profit-seeking enterprises; the application of theory to financial decisions involving cash flow, capital structure and capital budgeting.

FIRE 312. Financial Modeling. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 311 with a minimum grade of C. Enrollment is restricted to students with majors or concentrations offered by the Department of Finance, Insurance and Real Estate who have completed at least 54 credit hours (junior standing). This course is designed to introduce students to a wide array of primarily Excel techniques used in financial model building. Students will be introduced to techniques such as data tables, solver, matrix manipulation, array formulas, pivot tables, etc., to create financial models that are common in the areas of finance, risk management and real estate finance.

FIRE 313. Financial Management for Small Business. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 311. This course is restricted to students who have completed at least 54 credit hours (junior standing). This course emphasizes financial management needs for entrepreneurs or persons who expect to be employed in closely held corporations.

FIRE 315. Real Property Management. 3 Hours.

Semester course; 3 lecture hours. 3 credits. This course is restricted to students who have completed at least 54 credit hours (junior standing). Real property economics, planning, construction, marketing and management of leased properties.

FIRE 316. International Financial Management. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 311. This course is restricted to students who have completed at least 54 credit hours (junior standing). Financial management of business in an international environment. Emphasis on tools and techniques to prepare financial managers of multinational firms to effectively respond to the challenges of the international environment. Crosslisted as: INTL 416.

FIRE 317. Investments. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisites: FIRE 311; and SCMA 301, STAT 210, STAT 212, STAT 312 or STAT 541. This course is restricted to students who have completed at least 54 credit hours (junior standing). An analysis of the market for long-term corporate securities. Emphasis is given to the valuation of bonds, common stocks, options and convertible securities, and portfolio concepts. Designed to provide an understanding of the functioning of an efficient market.

FIRE 321. Intermediate Financial Management. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 312 with a minimum grade of C. Pre- or corequisite: SCMA 302, MATH/STAT 309, STAT 314 or STAT 321. This course is restricted to students who have completed at least 54 credit hours (junior standing). Advanced topics in financial management with emphasis on the theoretical bases for the valuation of the firm.

FIRE 325. Real Estate Law. 3 Hours.

Semester course; 3 lecture hours. 3 credits. This course is restricted to students who have completed at least 54 credit hours (junior standing). Legal fundamentals of real estate including contracts, risk management, environmental and ethical issues, concepts of title, title examination, easements, conveyances, liens and recording statutes affecting real estate.

FIRE 329. E-business Risk Management. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: INFO 202. This course is restricted to students who have completed at least 54 credit hours (junior standing). An analysis of the risks associated with e-business and the practice of e-commerce.

FIRE 359. Issues in Risk Management and Insurance. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: junior standing. The course focuses on timely issues in the field of risk management and insurance. Students will consider the role of government and the insurance industry as well as the use of other financial solutions in handling risks faced by businesses and individuals. The topics covered change to reflect current societal and industry issues and to explore new risk management innovations.

FIRE 413. Comparative Financial Systems. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 311. This course is restricted to students who have completed at least 54 credit hours (junior standing). An analysis of the structure and functioning of financial systems in different parts of the world. Emphasis is on the evolution of such systems in relation to the U.S. financial system. Different regions of the world may be studied in different semesters. Crosslisted as: INTL 413.

FIRE 417. Security Analysis and Portfolio Management. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisites: FIRE 317 with a minimum grade of C; and SCMA 302, MATH 309/STAT 309, STAT 314 or STAT 321. This course is restricted to students who have completed at least 54 credit hours (junior standing). A detailed analysis of stocks and bonds as well as options and futures. Emphasis is on models for portfolio selection, revision and performance evaluation.

FIRE 419. Advanced Risk and Insurance. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 311. This course is restricted to students who have completed at least 54 credit hours (junior standing). It is a risk and insurance course with emphasis on more mathematical computations and analysis. Market, credit and operational risks are covered, along with legal and catastrophic risk assessments. Sustainability is important to this course. Topics covered include (but not limited to) forecasting of losses -- loss triangles and computations of reserves; risk mapping and the risk management matrix; cost/benefit and risk/award analyses; pricing; capital structure, risk-based capital and economic capital; financial statements using audit techniques (accounting); insurance regulation; life cycle financial risks; insurance solutions to property/casualty and life/health risks.

FIRE 424. Property and Liability Insurance. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 309. This course is restricted to students who have completed at least 54 credit hours (junior standing). Property and liability risk identification and measurement. Major commercial line coverages including fire, marine, automobile, general liability, worker's compensation, fidelity and surety bonds.

FIRE 425. Real Estate Appraisal. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 305 or FIRE 316. This course is restricted to students who have completed at least 54 credit hours (junior standing). Theory and practice of real property valuation from fundamental concepts to complex income-producing properties and partial-interest valuations. Technology-related tools are employed in the course, including financial modeling with various software programs.

FIRE 429. Property and Liability Insurance. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 309 or FIRE 333. This course is restricted to students who have completed at least 54 credit hours (junior standing). Property and liability risk identification and measurement. Major commercial line coverages including fire, marine, automobile, general liability, worker’s compensation, fidelity and surety bonds.

FIRE 435. Real Estate Finance and Capital Markets. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Corequisite: FIRE 311. This course is restricted to students who have completed at least 54 credit hours (junior standing). Instruments, techniques and institutions of real estate finance; the mortgage market; financing process; mortgage risk analysis; creative financing; emphasis on policies and procedures used in financing residential and commercial properties and their interaction with the capital markets. Technology-related tools are employed in the course, including financial modeling with various software programs.

FIRE 439. Life and Health Insurance. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: junior standing. The function, nature and uses of life and health insurance and annuities; operational aspects of life insurance companies. The course covers insurance solutions for life cycle risks: death; health and longevity – sustainability; legal and tax aspects. Full-time students who pass this course can receive credit for the CLU HS323 examination from the American College. See instructor for details.

FIRE 441. Funds Management in Financial Institutions. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 312 with a minimum grade of C. This course is restricted to students who have completed at least 54 credit hours (junior standing). Funds management techniques for selected financial institutions including investment companies (mutual funds), life and casualty insurers, savings and loans, mutual savings banks, commercial banks, and pension funds.

FIRE 444. Occupational Safety, Health and Security. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Covers the principles and practices, and regulatory dimensions of occupational safety, health and security. Causes of workplace health hazard exposures, accidents and domestic and international industrial violence are studied with an emphasis on prevention. Characteristics of effective occupational safety, health and workplace security programs are studied to facilitate understanding and application in the workplace. Crosslisted as: MGMT 444.

FIRE 445. Real Estate Investment Analysis. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisites: FIRE 425 and FIRE 435. This course is restricted to students who have completed at least 54 credit hours (junior standing). This is the capstone course for real estate majors and covers the analytical methods and tools useful for analyzing commercial real estate investments, including a multidisciplinary approach to financial, spatial and social economics, which builds a cohesive framework for analyzing complex investment decisions emphasizing fundamentals of property and financial markets.

FIRE 449. Employee Benefit Planning. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Management of group life, health, disability and retirement plans. Governmental and employers' solutions to life cycle risks -- sustainability through social insurance programs, group insurance and innovations. The course reflects the dynamic nature of this field and requires cost/benefits analysis, best solutions to risks and a complete portfolio project of plan design, cost considerations, funding, regulation and tax considerations.

FIRE 451. Options, Futures and Swaps. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 321 with a minimum grade of C or FIRE 317 with a minimum grade of C. This course is restricted to students who have completed at least 54 credit hours (junior standing). Analysis and valuation of speculative securities and markets, including options, futures and swaps, with emphasis on their use for hedging and speculative purposes. Major valuation models and term structure models are discussed with applications to problems in finance considered.

FIRE 459. Insurance Law. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: junior standing. The course covers the legal concepts and doctrines applicable to insurance. Fundamental legal aspects of all risks and aspects of sustainability. The course provides legislative issues for all solutions to life cycles risks: life and health insurance, pensions, catastrophes (natural and man-made such as terrorism) and property and liability insurance.

FIRE 461. Cases in Financial Management. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 321 with a minimum grade of C. This course is restricted to students who have completed at least 54 credit hours (junior standing). Cases involving financial decisions for various forms of business enterprises.

FIRE 469. Advanced Property/Casualty Insurance: Alternative Markets. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 309 or FIRE 419. This course is restricted to students who have completed at least 54 credit hours (junior standing). Property and liability risk with emphasis on alternative, less-regulated insurance solutions to all types of risks. The course includes sustainability issues and the way to mitigate natural and man-made catastrophes including sophisticated modeling and techniques. The course covers Lloyds of London; excess and surplus lines carriers; risk retention group, self-insurance, captives and shadow insurance; reinsurance; multilayers of coverage; catastrophe bonds; terrorism; regulation; liability issues globally; social responsibility.

FIRE 479. Managing Financial Risk. 3 Hours.

Semester course; 3 lecture hours. 3 credits. Prerequisites: FIRE 309 and FIRE 317. This course is restricted to students who have completed at least 54 credit hours (junior standing). Sources of financial risk. Measurement and uses of enterprisewide financial risk techniques. A variety of analytical tools will be used to learn about value at risk, credit risk, stress testing, financial risk management and actuarial models, and how to manage financial risk.

FIRE 491. Topics in Finance, Insurance and Real Estate. 1-3 Hours.

Semester course; variable hours. Variable credit. Maximum of 3 credits per course; maximum total of 6 credits for all topic courses. Prerequisite: junior standing. An in-depth study of a selected business topic, to be announced in advance.

FIRE 492. Independent Study in Finance, Insurance and Real Estate. 1-3 Hours.

Semester course; 1-3 credits. Maximum total of 3 credits. Prerequisites: junior or senior standing as a major in a business curriculum and approval of adviser and department chair prior to course registration. Intensive study under supervision of a faculty member in an area not covered in-depth or contained in the regular curriculum.

FIRE 493. Internship in Finance, Insurance and Real Estate. 3 Hours.

Semester course; 3 credits. Course restricted to students with junior standing and a concentration in finance or risk management and insurance or a declared major in financial technology or real estate, a minimum GPA of 2.5, and permission of the Department of Finance, Insurance and Real Estate chair or the director of the insurance or real estate programs. Involves students in a meaningful experience in finance, insurance or real estate. Intention to enroll must be indicated to the chair or appropriate program director.