Master of Business Administration - Insurance and Risk Management Concentration

Effective August 19, 2012, this program is no longer available for future enrollments

The Master of Business Administration with a concentration in Insurance and Risk Management (MBA-IRM) is designed for insurance professionals that have earned the Chartered Property Casualty Underwriter (CPCU) designation of the American Institute for CPCU (AICPCU) and Insurance Institute of American (IIA). Upon receipt of proof that an applicant to the University has successfully been awarded the CPCU designation, CTU will credit the applicant 16 quarter hours toward the MBA-IRM degree program. After a student has completed the MBA core, and the award of the CPCU has been validated, he/she will be awarded the MBA-IRM degree.


  • Demonstrate proficiency in industry validated insurance and risk management skills by the successful completion of the CPCU designation, including:
  • CPCU foundation courses
  • CPCU Commercial or Personal concentration courses
  • CPCU ethics requirement
  • CPCU experience requirement
  • Integrate insurance and risk management skills with sound business principles and practices
  • Apply research skills to solve insurance and risk management problems
  • Demonstrate change-agent skills using critical and creative thinking

Degree Requirements

Courses: Core

ACCT614Applied Managerial Accounting


ECON616Applied Managerial Economics


EMBA690Strategic Management in Dynamic Environments


FINC615Applied Managerial Finance


INTD670Leadership and Ethical Decision-Making


MGMT600Applied Managerial Decision-Making


MGMT605Graduate Research Methods


Total Credit Hours:28

Courses: Concentration

CPCU DesignationCPCU Transfer Credit


FINC650MBA Finance Capstone


Total Credit Hours:20

Total Credit Hours: 48

MBA Prerequisite Knowledge

The Masters of Business Administration (MBA) is a professional degree intended for those who aspire to increase their level of responsibility within their chosen field. The courses in the MBA programs are rigorous. There is an expectation of a solid business background to succeed in some of the core MBA courses. Specifically, the MBA was designed with the assumption that the student has prior knowledge in the areas of accounting, finance, economics, and statistics.

For those entering an MBA program who do not have an undergraduate degree in business, Colorado Technical University may require the successful completion of 500-level foundation courses which serve as prerequisites to the respective 600-level accounting, finance, economics, and statistics courses. CTU will evaluate the undergraduate transcripts for all students entering the MBA program to determine if a student is required to take any or all of these courses. If the student has previously completed sufficient coursework in the areas stated above, the University may waive the prerequisites. Students who can provide evidence of significant professional experience in any or all of the areas may also have prerequisites waived. The courses also are available to students who wish to refresh their knowledge in these subject areas, even if they have completed previous courses in those subject areas.

Students who are required to complete any of the Master of Business Administration prerequisite courses are allowed a maximum of two attempts for each designated course. After two unsuccessful attempts for any of the courses, the student will be withdrawn from the MBA or Executive MBA program. Students are encouraged to work with the Student Advising department for alternative programs of study, or if they have additional questions regarding these courses.


  • Aurora (Denver Area)
  • Denver North