Emphasis – Risk Management
Students will acquire the skills to help organizations manage the risks of an increasingly complex and interconnected business environment
Description
The Risk Management Emphasis provides students with an understanding of the processes and tools necessary for effective risk management across a variety of industries, including financial services, technology, real estate, healthcare, pharmaceuticals, entertainment, sports, and insurance, to name a few. The degree signals to potential employers that the graduate has acquired skills that are useful in facing the challenges of an increasingly complex and interconnected business environment.
Mentorship Program
A student declaring the Risk Management Emphasis also has the opportunity to participate in the Risk Management Program Mentorship Program and be paired with a mentor from the risk management industry for the academic year.
Requirements
This Emphasis is available only to current Marshall undergraduates who have attained sophomore standing and have completed at least one semester in residence at USC.
Students must complete RISK 380 (former ACCT 380): Introduction to Enterprise Risk Management prior to declaring the Emphasis. The Emphasis requires completion of at least sixteen (16) units of risk management upper division coursework. Additional details are available in the catalogue.
Please note that students can only declare one Emphasis.
Emphasis Faculty Advisor
Professor and Risk Management Program Director Kristen Jaconi
Email Address: kjaconi@marshall.usc.edu
Recommended Coursework
Required Course
- RISK 380 (former ACCT 380): Introduction to Enterprise Risk Management; Units: 4
Electives
Complete at least 12 units of electives.
Complete 4-12 units from the following courses:
- RISK 385 (former ACCT 385x) Introduction to Risk Management and Insurance; Units: 4
- RISK 387 (former ACCT 387x) Risk Management in Entertainment, Sports and the Arts; Units: 4
- RISK 388 (former ACCT 388x) Innovating Risk Solutions in Disruptive Environments; Units: 4
Complete any additional units needed from the following courses:
- ACCT 463 Internal Audit; Units: 2 *
- DSO 427 Spreadsheet Modeling for Business Insights; Units: 4
- DSO 455 Project Management; Units: 4
- FBE 437 Entrepreneurial Finance: Financial Management for Developing Firms; Units: 4
- FBE 443 Introduction to Forecasting and Risk Analysis; Units: 4
- FBE 458 Law of Forming, Financing and Managing Businesses; Units: 4
- FBE 459 Financial Derivatives; Units: 4
- RISK 498 Special Topics; Units: 1, 2, 3, or 4
- RISK 499 Special Topics; Units: 2, 3, or 4
* Prerequisite required that is not part of this major.
Emphasis Workshop Slide Deck
View the Spring 2024 emphasis workshop slide deck here
FAQs related to the Emphasis in Risk Management
Which course can help students determine if this Emphasis is right for them?
The core risk management course, ACCT 380x: Introduction to Enterprise Risk Management, is a requirement that must be completed before declaring this emphasis and is the best course to help students decide if this Emphasis is right for them. We encourage students interested in the Risk Management Emphasis to enroll in ACCT 380x as early as possible. Students learn the basic elements of risk management and its importance to the survival and flourishing of all sorts of organizations from start-ups and non-profits to the largest public companies and governmental agencies.
What other resources/experiences can help students determine if this Emphasis is the right fit?
The USC Risk Management Program oversees the Risk Management Emphasis. To learn more about the Program, careers, and professional development activities, students can visit the Risk Management Program website.
The Risk Management Society at USC (RMS) is a student organization whose mission is to promote awareness of the risk management industry among USC students. Please email RMS (rmsusc@gmail.com) if you are interested in speaking with an officer at RMS about the Emphasis and careers in risk management.
Several Marshall alumni have completed the Risk Management Minor (as the Risk Management Emphasis was not available until mid-2021) and are pursuing careers in a variety of fields, including banking, consulting, and insurance. They are happy to speak with students. Please reach out to Professor and Risk Management Program Director Kristen Jaconi at kjaconi@marshall.usc.edu if you would like to speak to recent graduates.
The USC Risk Management Program oversees the Risk Management Emphasis. An Advisory Council of over 60 representatives from the business community supports the Program. Advisory Council members are happy to speak with students about the benefits of pursuing the Risk Management Emphasis. Please reach out to Professor and Risk Management Program Director Kristen Jaconi at kjaconi@marshall.usc.edu if you would like to speak to an Advisory Council member.
In addition, each semester the USC Risk Management Program hosts a networking and recruiting event, Meet the Risk Management Professionals, focused on careers in risk management. Over 40 employers, including banks, consulting firms, and insurance firms, participated in these events during the past academic year.
Recent Risk Management Minor graduates put together a video describing how they benefited from the Risk Management Minor.
What qualities/skills are good for students to have when going into this Emphasis?
Students who enjoy solving problems and are intellectually curious and open-minded will thrive in the Risk Management Emphasis.
What skills or knowledge will students gain from this Emphasis?
Students will gain critical skills in how to identify, assess, control, finance, and report risk. Students will also begin to perceive the world differently, through a lens of risk, adding a level of sophistication to their understanding of the business environment, its complexity and interconnectedness.
For what careers or industries will this Emphasis prepare students?
All careers and industries involve risk management. Many companies have risk managers and risk management departments. The more mature risk management programs tend to be found in highly regulated industries, such as banking, energy, and healthcare. Given the growing complexity and interconnectedness of the global economy, more and more employers are seeking talent with risk management skills. Students who have completed the Risk Management Minor have taken entry-level positions in a variety of industries, including asset management, banking, consulting, and insurance.
In addition, each semester the USC Risk Management Program hosts a networking and recruiting event, Meet the Risk Management Professionals, providing an opportunity for students to explore careers in risk management. Over 40 employers, including banks, consulting firms, and insurance firms, participated in these events during the past academic year.
Why would students choose this Emphasis?
A Risk Management Emphasis will stand out on students’ resumes. Not many colleges and universities offer an Emphasis or any degree in Risk Management. The risk management courses often open up professional opportunities students did not recognize prior to taking the courses.
What are the differences between the Risk Management Minor and the Risk Management Emphasis?
For Marshall and Leventhal students, the Risk Management Minor requires 20 units of courses—the core course requirement, ACCT 380x (Introduction to Enterprise Risk Management), and 16 additional units outside Marshall and Leventhal. The Risk Management Emphasis requires 16 units of courses, all of which are Marshall and Leventhal courses.
Can students pursue two Emphases, including a Risk Management Emphasis?
No. Students can only pursue one Emphasis. If students are interested in pursuing two Emphases, one of those being the Risk Management Emphasis, students could pursue the other Emphasis and a Risk Management Minor.
Should students pursue a Risk Management Minor or a Risk Management Emphasis?
It is the student’s decision. For Marshall and Leventhal students, the Risk Management Minor requires 20 units, whereas the Risk Management Emphasis requires 16 units. Thus, Marshall students may find it easier to pursue the Risk Management Emphasis and, if they have additional space in their course plan, take on other Minors. Students should speak with their academic advisers to understand the courses needed to complete the Risk Management Minor or the Risk Management Emphasis.
What makes the Risk Management Emphasis unique?
Two particular programs make the Risk Management Emphasis unique: First, a student declaring the Risk Management Emphasis can participate in the Risk Management Program Mentorship Program. A student is paired with a mentor from the risk management profession for the academic year.
In addition, each semester the USC Risk Management Program hosts a networking and recruiting event, Meet the Risk Management Professionals, providing an opportunity for students to explore careers in risk management. Over 40 employers, including banks, consulting firms, and insurance firms, participated in these events during the past academic year.
If students declare the Risk Management Emphasis, can students participate in the Risk Management Program Mentorship Program?
Yes. A student declaring the Risk Management Emphasis can participate in the Risk Management Program Mentorship Program.
Should students currently pursuing the Risk Management Minor switch to pursue the Risk Management Emphasis?
It is the student’s decision. Students should speak with their academic advisers to understand the courses needed to complete the Risk Management Minor or pursue the Risk Management Emphasis. For Marshall and Leventhal students, the Risk Management Minor requires 20 units, whereas the Risk Management Emphasis requires 16 units. Thus, Marshall students may find it easier to pursue the Risk Management Emphasis and, if they have additional space in their course plan, take on other Minors.
Can students satisfy these requirements when they study abroad?
Unfortunately, at the moment these requirements can be satisfied only at USC and study abroad units cannot be used.
For International Students
This emphasis is a STEM program
This emphasis has been approved by the university to be STEM-eligible. This allows students who have completed this degree to apply for the STEM OPT Extension. Please note that this extension is not guaranteed but is approved by federal departments beyond the university’s purview. We strongly advise students to carefully read the Office of International Services instructions (here and here) which explain the STEM OPT extension eligibility and proceed accordingly.
On my I-20, why does the degree say Management Science instead of Business Administration?
This emphasis has been approved by the university to be STEM-eligible under the Department of Education CIP code of 52.1301 designation of Management Science. The degree stated on the I-20 refers to this designation.