What is Risk Management?
Risk Management is a field of study for uncertain future outcomes. In the investment area, this activity involves the measurement of the risk and the return associated with investments and the decision making for the investment of savings.
In the insurance field, this activity involves the measurement and value assessment of uncertain events and outcomes that affect the normal activity. The identification, analysis, assessment, control, avoidance, minimization, and elimination of unacceptable risks is risk management.
Actuarial science and the role of actuaries is essential to effective risk management. The actuarial sciences combine mathematical and statistical methods with the theory, modeling, and instruments of finance to assess and manage risk.
Actuaries are generously compensated and certified through intense education and experience. To become certified, they must demonstrate their competence by passing a series of professional examinations.
Risk Management Academy
The Risk Management concentration at UTEP’s College of Business Administration is heavily quantitative and includes calculus, probability theory, statistics, finance, economics, and business analytics. Students will be able to build complex Excel spreadsheets, write VBA Excel macros, create statistical and forecast models in SAS and R, manipulate and organize large data sets.
Alongside the degree plan, COBA offers the Prudential Risk Management Academy. This Academy is to help students develop leadership skills to set them apart from their peers. Students will also receive business and interpersonal skills that will be developed through executive visits, professional workshops, interactions with other universities both domestic and international.
The Academy will ensure professional readiness by offering internship opportunities and real-world employment opportunities for students participating in the program that meet the requirements.
*Data obtained from www.bls.gov
Characteristics of the Academy
- FM and P actuary exam prep
- Networking opportunities with guest speakers from business professionals
- Calculus, probability, and financial mathematics workshops and/or tutoring
- Professional development workshops reinforced by interaction with guest speakers
- Internships & job opportunities
- International travel
- Certify students to enter
workforceas actuaries through passing FM and P exams by graduation
- Provide a competitive advantage for students through working experience, developing perspective, and building confidence for success in business from résumé to retirement
- Assist students in transitioning to their career through internship opportunities
- Certify students to enter
High School Projects AMPS
Gamma Iota Sigma (GIS)
Letter from the President
Gamma Theta is a chapter of the international scholastic insurance fraternity Gamma Iota Sigma (GIS). Gamma Theta is looking to expand this year in terms of members, strengthening our professional development, and networking. Several events are scheduled for this Spring semester and our annual goal is to travel in October of 2019 to the GIS International Annual Conference! We have had numerous successful meetings with industry professionals and look forward to growing prospective employer and student interest. With your help, we can move forward in preparing students professionally and technically so that we can realize our goals in finding internships and career opportunities, whether that’s
Ricardo Ramirez JR
Contact Us for More Information or to Enroll
Daniel F. Perez, MBA
Director - Prudential Risk Management Academy