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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)

Important Dates

2019–2020 Academic Year
  • August 1, 2019: Application for 2020 cohort opens
  • September 6, 2019: First application deadline
  • November 1, 2019: Second application deadline
  • December 1, 2019: Final application deadline
  • May 2020: Core program start; summer in-residence experience

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 at least one of the waiver categories below. Applicants can request the waiver by completing the GMAT/GRE Waiver Request Form.

  1. Candidates with a conferred terminal degree (PhD, JD, MD, PharmD, etc.) are not required to take the GMAT, but must still complete the GMAT/GRE Waiver Request form.
  2. For all other applicants, you can submit a GMAT/GRE waiver if you meet the following criteria:

    • Graduate of Butler University’s Lacy School of Business with a 3.0 or higher GPA within the last five years.

      OR

    • Graduate of Butler University’s Actuarial Science Program with a 3.0 or higher GPA within the last five years.

      OR

    • Possess proof of Professional Risk Management, Insurance or Financial Services Designations that includes: 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); and Associate in Risk Management (ARM), and two or more associate designations from The Institutes. Other certifications may qualify upon further review. Please contact the MSRI program office at MSRI@butler.edu for further information.

  3. Have all of the following:
    • Cumulative GPA of 3.2 or higher
    • Seven or more years of professional experience with increasing levels of responsibility
    • Grade of "B-" or better in undergraduate or graduate level quantitative courses, which may include economics, accounting, finance, calculus, statistics, and/or physics.

Waiver decisions will be communicated to the applicant within 10–14 business days via email.