Risk, Insurance & Safety Management

Risk Management Minor and Certificate


Are you good at recognizing preventable hazards? Do you like to analyze and assess situations? Are you concerned about unnecessary property loss or personal injury? You may enjoy a rewarding career as a high-demand, risk management professional.

Why Study Risk Management at Central? 

Our 100% online program will allow you to build a strong foundation in the science of risk management. You will gain practical skills to avoid, reduce, and manage risk, and to develop and implement a balanced hazard risk financing strategy using retention, transfer, and hybrid strategies. 

Picture of a crane

Degree Explanations

The Risk Management minor and certificate are both offered online. For additional information regarding admission requirements, required and elective courses, please reference the 2022-2023 Academic Catalog. To learn more about cost, please see the registrar.

Risk Management Minor Degree Information


  • About the Minor

    The RMM will prepare and allow you to sit for the nationally recognized Associate in Risk Management (ARM™) designation exams immediately after completing the RMM courses. The ARM designation will be a vital, value-added component to your CWU degree. It will make you more attractive to employers and enhance your potential for career advancement. 

  • Admission Requirements

    Applications are accepted throughout the year for fall admission. Any CWU student interested in improving their career opportunities can obtain the RMM. For details about the RMM application procedures, contact the ETSC Department.

  • Curriculum

    Course Number - Course Title - Credits

    • SHM 301 - Fundamentals of Safety and Health Management - 3
    • SHM 353 - Risk and Insurance - 4
    • SHM 454 - Risk Management Principles and Practices - 4
    • SHM 455 - Risk Assessment and Treatment - 4
    • SHM 456 - Risk Financing for Safety and Health Management - 4
    • SHM 482 - Evolving Issues in Risk Management - 1

    Total Credits - 20

Risk Management Certificate Degree Information


  • Requirements

    Risk Management Certificate (RMC) applications are accepted throughout the academic year, and the students start in the Spring quarter. Any CWU matriculated or non-matriculated student interested in improving their career opportunities can obtain the RMC. For details about the application procedures, please contact us.

    Students will receive the RMC after completion of the requirements with a 2.0 (on a scale of 4.0) as a minimum cumulative grade point average (GPA) in the RMC coursework.

    A minimum grade of “C-” is required in each of the courses used to satisfy the RMC. 

  • Curriculum

    Course Number - Course Title - Credits

    • SHM 454 - Risk Management Principles and Practices - 4
    • SHM 455 - Risk Assessment and Treatment - 4
    • SHM 456 - Risk Financing for Safety and Health Management - 4
    • SHM 482 - Evolving Issues in Risk Management - 1

    Total Credits - 13

Careers and Outcomes

Upon completing this program, you will be prepared to: 

  • Understand professional and ethical responsibilities of risk management professionals. 
  • Describe the fundamental aspects of risk management. 
  • Identify and apply standards, regulations, codes, and guidelines associated with the risk management discipline. 
  • Examine, interpret, and apply data to manage hazards and risks. 
  • Identify and describe various risks and the techniques to manage them. 
  • Identify contemporary risk management issues and the impacts of their solutions within a global and societal context. 

You can pursue a risk management career in industries spanning from construction to aviation and insurance.  As stated by The Risk Management Society, $120,000 is the median annual base salary for those working in the risk management field. 

Additionally, the CWU Risk Management minor or certificate adds value to many majors, such as: 


Questions? Contact us. 

Michael Andler, Program Coordinator, Senior Lecturer

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