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Master of Science in Risk and Insurance
Master of Science in Risk and Insurance

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Master of Science in Risk and Insurance

Butler In-Residence Experience | Butler University

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MSRI Admission

MSRI admission

Admission Requirements

All applicants to the Master of Risk and Insurance program must possess a baccalaureate degree from an accredited institution or the international equivalent prior to enrollment at the graduate level.

To apply, candidates should submit the following:

  • Butler Application
  • Personal Statement
  • Two Letters of Recommendation
  • Official Transcripts
  • Current Résumé
  • GMAT/GRE Scores (applicants may request a GMAT/GRE waiver, see below)

International applicants must additionally submit the following:

  • TOEFL scores or equivalent proof of English proficiency
  • A clear copy of your passport
  • Evidence of financial support

Important Dates

2021–2022 Academic Year
  • July 1, 2021: Application for 2022 cohort opens
  • August 1, 2021: First application deadline
  • September 1, 2021: Second application deadline
  • October 1, 2021: Third application deadline
  • November 1, 2021: Fourth application deadline
  • December 1, 2021: Final application deadline
  • January-April 2022: Prerequisite coursework, if applicable
  • May 9, 2022: MSRI Program Start
  • June 8-11, 2022: Summer In-Residence Experience (In-Residence dates are tentative)

Decisions will start being released two weeks after each application deadline.

GMAT/GRE Waiver Request Requirements

GMAT/GRE waivers are considered on a case-by-case basis and are not guaranteed. Applicants that wish to apply for a GMAT/GRE waiver must meet the criteria in at least one of the eligiblity categories below. Applicants can request the waiver by completing the GMAT/GRE Waiver Request Form.

  • Conferred master's or terminal degree from an acreditted institution; 
  • Graduate of Butler University’s Lacy School of Business with a 3.0 or higher GPA within the last five years;
  • Graduate of Butler University’s Actuarial Science Program with a 3.0 or higher GPA within the last five years;
  • Conferred Bachelor's degree from an accreditted institution with a cumulative GPA of 3.2 or higher and 5 or more years of professional work experience;
  • Conferred Bachelor's degree from an accreditted insitution with a cumultive GPA of 3.2 or higher from a Risk & Insurance program;
  • Possess proof of at least one Professional Risk Management, Insurance or Financial Services Designation, including:
    • Chartered Property and Casualty Underwriter (CPCU);
    • Certified Insurance Counselors (CIC);
    • Certified Financial Planner Certificate (CFP®);
    • Fellow, Life Management Institute (FLMI);
    • Chartered Life Underwriter (CLU); 
    • Chartered Financial Consultant (ChFC);
    • Associate of the Society of Actuaries (ASA);
    • Associate in Captive Insurance (ACI);
    • Fellow of the Society of Actuaries (FSA);
    • Associateship in the Casualty Actuarial Society (ACAS); 
    • Fellowship in the Casualty Actuarial Society (FCAS);
    • Certified Employee Benefit Specialist (CEBS); 
    • Certified Employee Benefit Specialist Fellow (CEBS Fellow);
    • Commercial Lines Coverage Specialist (CLCS);
    • Associate in Risk Management (ARM);
    • Two or more associate designations from The Institutes; 
    • Other certifications may qualify upon further review. Please contact the MSRI Program at MSRI@butler.edu for further information.

Waiver decisions will be communicated to the applicant within 10–15 business days via email.