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Butler Launches Online Master’s in Risk and Insurance

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PUBLISHED ON Jul 12 2018

Butler University's Lacy School of Business will introduce an online Master of Science in Risk and Insurance (MSRI) program—among the first of its kind in the nation—beginning in January 2019 to help address the gap between the risk and insurance industry’s personnel needs and the limited talent pool that exists in today’s job market. 

The degree is intended to serve students who aspire to advanced roles in corporate risk management. It will also serve students with a few years of finance or legal experience seeking employment in the insurance field, as well as early-phase professionals already working for insurance firms in both property and casualty, and life and health, and students who have an undergraduate degree in risk and insurance and want to pursue advanced study in the industry. 

More information about the program is available www.butler.edu/msri. Applications will be open beginning August 1.

“The need for risk management professionals in the professional services industry is well-documented," said Donald J. Ortegel, Resident Managing Director of Aon. "The good news is that the trend line is positive for professionals with a specific, applicable risk management four-year degree. Someone holding an advanced degree or additional education in this area would have an edge over other professionals competing for open and career-advancement opportunities.”

The part-time MSRI program will be conducted exclusively online, except for two required in-residence experiences—one on the Butler campus at the start of the program and one at the end of the program in the “world's risk capital,” Bermuda. Coursework will take approximately 24 months to complete.

Zach Finn, Clinical Professor and Director of Butler’s Davey Risk Management and Insurance program, said Butler's goal with the new MSRI program is to prepare students for an industry that anticipates needing 400,000 new employees by 2020.

"As one insurance executive said in our focus group: 'This degree is an automatic $10,000 raise for any employee who acquires it,'” said Victor Puleo, Butler Associate Professor of Risk Management and Insurance, who will run the MSRI program.

The MSRI curriculum will include content dealing with property and casualty, and health and life. It also will have unique and hard-to-find courses on insurance-linked securities and a hands-on opportunity to run a captive insurance entity.

Puleo said graduates of the program will have access to some of the best jobs available for corporate risk managers. Other candidates will be able to enter or accelerate their careers with insurance carriers and brokers. High-caliber graduates from this program will possess the capability to attain senior level positions in these firms.

Butler already boasts a robust undergraduate program for Risk Management and Insurance, including the MJ Student-Run Insurance Company, known in industry parlance as a “captive.”

The company, the first of its kind for a university, insures Butler programs and items including the live mascot Butler Blue III, rare books, artwork, and the telescope at the Holcomb Observatory. Students learn how to write the insurance policy and what the coverage terms will be, and they're figuring out how to finance the company. In doing so, they are able to apply their risk-management expertise in accounting, investments, and numerous other areas.

 

Media contact:
Marc Allan MFA '18
mallan@butler.edu
317-940-9822

Innovation

Butler Launches Online Master’s in Risk and Insurance

"This degree is an automatic $10,000 raise for any employee who acquires it."

Jul 12 2018 Read more
Innovation

Kenzie Academy, Butler University Executive Education Partner to Accelerate Tech Careers

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PUBLISHED ON Jun 20 2018

Kenzie Academy, an Indianapolis-based education and apprenticeship program that develops modern tech workers, and Butler University, a private liberal arts and professional education institution with a 160-year history of leading innovation in higher education, today announced a strategic partnership to offer a new model of education to the next generation of technology professionals. Through this innovative partnership, all Kenzie Academy graduates will receive a joint Kenzie Academy and Butler Executive Education certificate at the completion of the Kenzie Academy Front-End Web Development, Full-Stack Web Development, and Software Engineering programs.

The Kenzie-Butler certificate offers a new educational model with a path to employment to a wide range of Hoosiers looking for alternatives to a traditional, four-year college education. Kenzie’s programs are designed to be less expensive and less time-intensive than a four-year degree. By blending elements of traditional college with immersive learning and paid work, individuals from all different backgrounds, including recent high school graduates, those re-entering the workforce, and those looking to shift careers, will have the opportunity to gain education and work experience in high-demand, technical fields. Butler is adding Kenzie’s program to its offerings through its Executive Education program.

“We took notice of Kenzie Academy as soon as it appeared in Indiana,” said Jim Danko, President of Butler University. “The dynamics in higher education today require universities to think beyond the traditional models of the past century. Participating in a new model of education with Kenzie Academy, which is reimagining the way learning is delivered, will extend the market Butler currently serves beyond the traditional four-year residential undergraduate student. Butler University is excited to expand the way we serve the high-growth, high-energy technology community in Indianapolis and the greater Midwest alongside Kenzie Academy.”

Kenzie Academy, a college alternative, offers courses in Front-End Web Development (six months), Full-Stack Web Development (one year), and Software Engineering (two years). Kenzie’s career track programs combine paid apprenticeship work and immersive learning, closing the gap between learning and working. The software development courses cover modern programming languages and the most relevant computer science concepts. Students meet and network with local and national tech leaders, and are provided with one-on-one mentorship. Through Kenzie Studios, Kenzie Academy’s consulting arm, students complete real-world consulting projects for industry clients and are paid for their work. Students can use an Income Share Agreement (ISA) in place of tuition to finance their training at Kenzie, making the program accessible to people without the financial means to pay tuition up front.

“We feel Butler University is the perfect partner for Kenzie, and we’re proud to jointly offer a new type of learning model to the market. Kenzie’s unique approach to developing students who are knowledgeable in the latest technical competencies combined with Butler Executive Education’s proven success in developing workforce leaders creates a powerful solution for producing the talent critically needed by employers,” said William Gulley, Executive Director of Butler Executive Education.

Through the partnership with Butler Executive Education, Kenzie students will have the opportunity to develop skills in areas frequently noted by employers as critical to an individual’s overall success, including communication, problem-solving, change management and basic business acumen. These educational opportunities will be developed and delivered in the form of micro-credentials, allowing students to create a personalized curriculum, and additional certification, in the areas that complement Kenzie’s curriculum and are aligned with a student’s personal interest, capability and future career path.

“We can’t think of a better institution than Butler University to launch this first university partnership,” said Chok Leang Ooi, co-founder and CEO of Kenzie Academy. “Butler has a strong history of doing things differently. We’re excited to bring our innovative institutions together to level the playing field for anyone who wants a first-class education and a chance to be part of the tech ecosystem in Indiana.”

 

Media contact:
Rachel Stern
rstern@butler.edu
317-940-9257

Innovation

Kenzie Academy, Butler University Executive Education Partner to Accelerate Tech Careers

Students completing the program will receive a joint certificate from Kenzie Academy, Butler Executive Education.

Jun 20 2018 Read more

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