The Higher Learning Commission (HLC) of the North Central Association of Colleges and Schools has approved a Master of Business Administration (MBA) in Insurance degree program at Olivet College in Olivet, Mich.
The HLC extended the college’s accreditation to include the degree through its validation process.
“The new MBA in Insurance is a great next step in making sure Olivet College continues to be a leader in insurance education for the state of Michigan, the country and even the world,” said President Donald L. Tuski, Ph.D. “With this program, we hope to raise the level of expertise in the insurance profession, which is an important part of our vision of education for individual and social responsibility.”
Offered entirely online, the MBA was designed to appeal to full-time working insurance professionals throughout the nation, as well as recent graduates looking to continue their education. It is one of only three online master’s programs in insurance in the United States, and the only one to offer blended distance learning techniques. These include “synchronous” elements, such as live webinars and interactive video, and “asynchronous” elements, such as online posting capabilities.
“With the challenging times that we live in, and a renewed interest in sharpening skills and knowledge for the next challenges to come, we think the time is right to offer insurance education at a higher level that is more accessible to business professionals,” said Mike Hubbel, director of the Risk Management and Insurance Center (RMIC) at Olivet. “This includes an MBA concentrating on the strategic management of the insurance enterprise, delivered online with a blend of live video meetings and self-paced assignments between online meetings.”
The MBA was created as an outgrowth of the RMIC, the college’s nationally-ranked undergraduate RMI program. Students must have earned a minimum 3.0 cumulative grade point average during their undergraduate studies to enroll in the MBA program, among other requirements. In addition, they must maintain a minimum 3.0 GPA to receive their MBA.
“We’re very excited about this next stage in the evolution of our educational programs in insurance, risk management, financial planning, and actuarial science,” Hubbel said. “This is another great result of our strong partnership with the insurance and financial planning community.”
Source: Olivet College, http://web.olivetcollege.edu/insurance
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