Program: Business Administration, B.S.

Risk Management and Insurance Option

Program Description

The department offers a B.S. in Business Administration (BSBA) with three options:

  1. Financial Analysis, which provides a general education in financial theory and practice.
  2. Financial Planning, which prepares students for careers as personal financial planners.
  3. Risk Management and Insurance, which prepares students for careers in risk management and insurance.

As part of the curriculum, the department offers elective courses in investment analysis, fixed income, financial modeling, business valuation, futures and options, insurance, risk management, international finance and an honors section of FIN 491, the Student Portfolio Management class, where a small number of students manage a stock portfolio for The University Corporation.

Program Requirements

Admission to the BSBA Option in Risk Management and Insurance

The BSBA option in Risk Management and Insurance is an impacted program. Students seeking an option in Risk Management and Insurance may initially declare an option in Pre-Finance while working to satisfy supplemental criteria, which requires completion of at least 60 units and a minimum cumulative GPA of 2.6. Students must qualify by the time they earn 90 units. Additionally, a grade of “C” or higher in FIN 303 is a prerequisite for all 400-level Finance (FIN) courses and selected 300-level Finance courses.

Business Majors

A Business major is any student majoring in Accountancy; Information Systems; or Business Administration with an option in either Business Analytics, Business Law, Financial Analysis, Financial Planning, Global Supply Chain Management, Management, Marketing, Real Estate, Risk Management and Insurance, or Systems and Operations Management. The following are impacted majors with additional admission requirements: the B.S. in Accountancy and the B.S. in Business Administration with options in Financial Analysis, Financial Planning, and Risk Management and Insurance. All Business majors share 27 units of common lower division core courses and 19 units of common upper division core courses.

Double Major Requirements

Students seeking a double major in the David Nazarian College of Business and Economics must be in good standing (2.0 overall and 2.0 CSUN GPA) and be able to complete both majors within a maximum of 140 units.

Transfer Course Requirements

Students should be aware that no grade lower than a “C” will be accepted on transfer from another institution to satisfy department or David Nazarian College of Business and Economics requirements.

Residency Requirement

At least 50 percent of the business and economics course credit units and 50 percent of the specialized major credit units required for the Bachelor of Science degrees in Accountancy, Business Administration, or Information Systems and the Bachelor of Arts degree in Economics must be completed in residence at CSUN.

Course Requirements

Check course descriptions for prerequisite courses. Prerequisites must be completed prior to enrolling in the course.

1. Common Lower Division Business Core (27-28 units)

ACCT 220 Introduction to Financial Accounting (3)
ACCT 230 Introduction to Managerial Accounting (3)
BLAW 280 Business Law I (3)
ECON 160 Principles of Microeconomics (3)
ECON 161 Principles of Macroeconomics (3)
ENGL 205 Business Communication in Its Rhetorical Contexts (3)
IS 212 Information System for Business Users (3)
MATH 103 Mathematical Methods for Business (3)*
SOM 120 Basic Business Statistics (3)**

*MATH 103 or a higher-level mathematics course (e.g., Calculus: MATH 150A or MATH 255A) must be completed with a grade of “C” or better.
**The 4-unit MATH 140BUS course also satisfies this requirement.

2. Common Upper Division Business Core (19 units)

BUS 302L The Gateway Experience Laboratory (1)
BUS 312 Data Literacy for Business (3)
BUS 497A or BUS 497B Capstone (3)
FIN 303 Financial Management (3)
MGT 360 Management and Organizational Behavior (3)
MKT 304 Principles of Marketing (3)
SOM 306 Operations Management (3)

3. Finance Core (6 units)

FIN 352 Investment Management (3)

Communication Course
Select 3 units from the following:

BLAW 308 Business Law II (3)
BLAW 368 Law, Business and Ethics (3)
COMS 323 Group Communication (3)

ENGL 305 Intermediate Expository Writing (3)
ENGL 306 Report Writing (3)
ENGL 407 Composition and the Professions (3)
PHIL 305 Business Ethics and Public Policy (3)

4. Risk Management and Insurance Option (18 units)

Required Courses (15 units)

FIN 336 Principles of Risk Management and Insurance (3)
FIN 355 Corporate Finance (3)
FIN 431 Risk Management (3)
FIN 434 Life and Health Insurance (3)
FIN 495A-C Seminar in Insurance (3)

Elective (3 units)

Select 3 units of Finance elective courses (does not include FIN 102, 338, 433 or 439; may not double count toward the Financial Planning option; FIN 302 can be double counted toward GE).

May include 3 units from the following:

ACCT 440 Income Tax I (3)***
ACCT 450 Advanced Financial Accounting (3)***
ECON 310 Price Theory and Applications (3)
ECON 409 Introduction to Econometrics (3)***

***ACCT 440, ACCT 450 and ECON 409 have additional prerequisites beyond the required courses shown above.

5. General Education (48 units)

Undergraduate students must complete 48 units of General Education as described in this Catalog, including 3 units of coursework meeting the Ethnic Studies (ES) graduation requirement.

15 units are satisfied by the following courses in the major: MATH 103 satisfies Basic Skills B4 Mathematics/Quantitative Reasoning; FIN 303 satisfies B5 Scientific Inquiry and Quantitative Reasoning; ECON 160 and ECON 161 satisfy D1 Social Sciences; and IS 212 satisfies E Lifelong Learning and fulfills the Information Competence requirement.

If taken, COMS 323 or ECON 310 satisfies upper division D1 Social Sciences.

Total Units in the Major/Option: 70-71

General Education Units: 33

Additional Units: 16-17

Total Units Required for the B.S. Degree: 120


Department of Finance, Financial Planning, and Insurance
Chair: Kristine Beck
Bookstein Hall (BB) 3125
(818) 677-2459

Program Learning Outcomes

Students receiving a Bachelor of Science in Business Administration will be able to:

  1. Write professional business reports, deliver strong oral presentations, and create effective visual materials.
  2. Analyze problems and devise appropriate solutions using qualitative and quantitative techniques.
  3. Identify ethical dilemmas, analyze them from multiple perspectives, develop solutions, and support their decisions.
  4. Recognize and evaluate the role of diversity, inclusion, and multiculturalism in the global business environment.
  5. Demonstrate proficiency in the functional areas of business as well as the ability to synthesize and apply this knowledge across disciplines.

ADT/STAR Act Degree Road Maps

Students who have graduated with a verified Associate Degree for Transfer and have been admitted to a CSUN program that has been deemed similar will be able to complete the baccalaureate degree within 60 semester units. For additional information, see ADT/STAR Act Degree Road Maps.

Business Administration/Risk Management and Insurance Option - AS-T in Business Administration 2.0 (2024-Present)

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