Over the next decade many industries are bracing themselves for the impact of retiring baby boomers. Within the insurance industry, that brain drain will manifest itself in the form of 100,000 vacant upper management and technical positions nationally. While stable growth within the industry makes it a good career choice for new comers, there has never been better time for current in-field practitioners to pursue opportunities for advancement. In states, like Ohio, which is home to nearly 250 insurance companies and is the nation’s 7th-largest employer of insurance professionals, more than 7,500 new/back-filled positions will be in-play.
If you earned your CPCU with the 1-10 series of exams, you can earn your MBA in 9 months by taking six graduate-level courses. You’ll transfer in 12 credits, which is one-third of the total credits required and the maximum allowed at the graduate level. Then, you’ll build on the graduate-level insurance knowledge you obtained through the CPCU with MBA courses in areas such as economics, operations, marketing and finance.
If you earned your CPCU under the current 500 series of exams, you many need to take more than six courses – depending on how many graduate credit hours you are able to transfer in. You can rely on the support of your graduate admissions advisor to walk you through the process of transferring prior learning credit toward your degree. Please note, to qualify for the MBA with Insurance Specialization, you must be able to transfer in at least 6 graduate credit hours from your CPCU courses.
Tailor your MBA experience to your ultimate career aspiration
The MBA with Insurance Specialization is designed to prepare insurance industry professionals for advanced roles within the industry. Therefore, as a student in the program, you can expect to supplement your already-robust insurance knowledge with a graduate-level understanding of the functional areas of business. To best accomplish this, all students seeking the MBA with Insurance Specialization must complete Business Environment (MBA 711) and Managerial Economics (MBA 723).
After completing these two initial courses, the number of additional courses necessary to fulfill the degree requirements will depend on how many credits you transfer from your CPCU. You’ll choose 3-5 additional MBA courses from the following areas – marketing, operations, human resources, corporate finance, and financial and managerial accounting.
Your MBA coursework culminates with a research-based capstone course on a topic of your choice that aligns with your area of interest. To successfully complete the degree, you’ll write a significant research piece that demonstrates your ability to integrate your insurance expertise with your newly acquired business insight.
Reduce the time and cost of a master’s degree
Because Franklin was built from the ground up to meet the needs of adult students, we honor the experience you bring to the university. We reward your CPCU designation with up to 12 hours of graduate-level credit, which accounts for three courses. At Franklin, you won’t sit in – or pay for – courses you don’t need.
As a Franklin student, you’ll spend your time acquiring new knowledge that helps you accomplish the goals you’ve set for yourself. You can also get started right away with a GPA of 2.75 or above, because we’ll waive the GMAT, which saves you additional time and expense.