Risk Management Minor

The risk management minor is a versatile, interdisciplinary program designed to blend the theoretical and applied aspects of risk management and insurance for upper-level undergraduate students. Students will develop a strong foundation in four competencies:

  1. the fundamentals of the risk management and insurance industry
  2. critical appraisal of data, quantitative analysis, and risk management strategies
  3. high-level computational and analytical skills
  4. effective communication.

Students can expect hands-on application through computational risk modeling, data analysis, case studies, and group projects involving risk assessment and management that are accompanied by written reports and oral presentations.

Requirements 

In addition to the program requirements listed below, students must:

  • take at least nine hours of their minor "core" requirements at UNC–Chapel Hill
  • earn a minimum cumulative GPA of 2.000 in the minor core requirements. Some programs may require higher standards for minor or specific courses.

For more information, please consult the degree requirements section of the catalog.

Core Requirements
DATA/ENEC/ENVR 540Introduction to Risk Management and Insurance 13
Select one of the following paths:3
Natural Hazards and Financial Risk 1
Insurance: Balancing Risk and Return
and Risk Management 1
DATA/ENEC/ENVR 543Risk, Data Science and AI 13
Two additional elective courses chosen from the list below. 26
Total Hours15
1

Course requires a requisite(s) not otherwise counting in the minor. Please review the requisite information carefully. 

2

Other courses may be used to fulfill the elective requirement with approval from the Program Director. 

Elective Courses 

COMP 435Computer Security Concepts 13
COMP/BUSI 488Data Science in the Business World3
COMP 560Artificial Intelligence 13
COMP 562Introduction to Machine Learning 1, H3
DATA 521Foundations in Artificial Intelligence 13
ECON 423Financial Markets and Economic Fluctuations 1, H3
ECON 425Financial Economics 13
EMES 414/ENEC 514Flood Hydrology: Models and Data Analysis 13
ENEC/ECON 470Environmental Risk Assessment3
ENEC/ENVR 635Energy Modeling for Environment and Public Health3
ENVR 468Temporal GIS and Space/Time Geostatistics for the Environment and Public Health 13
ENVR 575Global Climate Change: Science, Impacts, Solutions3
MATH 528Mathematical Methods for the Physical Sciences I 13
MATH 560Optimization with Applications in Machine Learning 13
PLAN 655Planning for Natural Hazards and Climate Risk3
PLAN 656IDEAs in Action General Education logo Climate Change Impacts and Adaptation3
STOR 471Long-Term Actuarial Models 13
STOR 472Short Term Actuarial Models 13
STOR 565Machine Learning 13
STOR 566Introduction to Deep Learning 13
H

Honors version available. An honors course fulfills the same requirements as the nonhonors version of that course. Enrollment and GPA restrictions may apply.

1

Course requires a prerequisite(s) not otherwise counting in the minor. Please review prerequisite information carefully when planning your course selection.

Department Programs

Major

Minor

Courses 

School of Data Science and Society

Visit Program Website

211 Manning Drive, CB# 3177

Program Director

Greg Characklis

charack@email.unc.edu

Dean

Stan Ahalt

sdss@unc.edu

Senior Associate Dean for Academic and Faculty Affairs

Amarjit Budhiraja

budhiraj@email.unc.edu