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MBA in Insurance

Admissions Requirements

  • A 3.0 or higher* (4.0 scale) overall grade point average in the applicant's undergraduate degree
  • Have at least 2 years professional experience in the field of insurance or risk management after earning the undergraduate degree
  • Have completed the Graduate Management Admissions Test (GMAT) or hold the CPCU (Chartered Property Casualty Underwriter) designation (GMAT is waived for CPCU designees)

*looked at on a case by case basis

Degree Requirements

A total of 48 credits must be completed within 7 years to earn the degree. Each course is 3 credit hours. Students must earn a 3.0 or higher grade point average to continue in the program and to graduate with the MBA degree. For an official description of courses and degree requirements, please reference our academic catalog

MBA in Insurance Core Courses

MBA 800 Insurance & Risk Management, Spring semester
MBA 808 Managerial & Organizational Behavior, Winter and Summer semesters
MBA 809 Strategic Marketing, Winter and Summer semesters
MBA 810 Managerial Economics, Winter and Fall semesters
MBA 811 Corporate Accounting, Spring semester
MBA 812 Business & Insurance Law, Summer semester
MBA 820 Quantitative Analysis and Decision Making for Management, Spring semester
MBA 828 Managing a Diverse Workforce, Spring and Fall semesters
MBA 830 Ethics & Leadership, Winter and Fall semesters
MBA 835 Property-Casualty Insurance Contracts, Summer semester
MBA 840 Financial Management of Property-Casualty Insurers, Fall semester
MBA 890 Strategic Management of Property-Casualty Insurers, Spring and Fall semester

Electives offered as announced

MBA 802 Personal Financial Planning, Spring Semester
MBA 803 Global Insurance & Risk Management, Fall Semester
MBA 821 Advanced Spreadsheets & Databases, Winter semester
MBA 844 Reinsurance Principles & Practices, Winter semester
MBA 853 Employee Benefits, Summer semester
MBA 854 Risk Assessment, Summer semester
MBA 855 Risk Control, Winter semester
MBA 856 Risk Financing, Fall semester
MBA 863 Surplus Lines Insurance Operations, Spring semester
MBA 882 Variable Topics

Semesters run 9 weeks
Winter semester – January – March
Spring semester – April – June
Summer semester – July – September
Fall semester – October - December


Transfer Credits

We will accept a maximum of 24 transfer credits.

Credit may be granted for CPCU courses administered by the American Institute for CPCUs, IIA courses administered by the Insurance Institute of America (AIAF, ARe, ARM, ASLI), and CLU/ChFC courses administered by the American College.

Official transcripts from other educational institutions must be mailed directly to Kelly M. Parker for review and acceptance of courses.

Course Waivers


Delivery of the classes will be via a blended online approach featuring live interactive video-audio streamed classes where students and faculty can see and talk to each other in real time, along with the use of Blackboard to post assignments, submitted work, exams, and participation in discussion threads. This will require access to broadband or DSL internet connection, a webcam, microphone and earphones/headset with a USB plug.

No required physical attendance at Olivet College.

Semesters run in four, nine-week terms.

Each online class is tentatively scheduled one day per week, 6:00 p.m. to 9:30 p.m. EST.

Master of Business Administration in Insurance Fees

Application Fee (one-time)

No Fee

Technology Fee (annual)


MBA - Master of Business Administration in Insurance

$725 per credit hour


Student loans are available. If you have questions regarding student loans or would like assistance in applying for them, contact the Student Services Office at Olivet College at (269) 749-7645, they will be happy to assist you.

You may also contact Kelly M. Parker, Risk Management and Insurance Center at Olivet College at or by phone at 269.749.7633

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