A gap exists between the theory classes being taught to business students who are majoring in insurance, risk management and financial services (IRM) and the actual work being performed in these industries. Internship programs are examined as a means to lessen the gap between theory and real work activity within these fields. The need for risk managers, insurance professionals and financial advisors has never been greater. These industries are loosing talented workers through attrition and the replacement rate is dismal due to lack of education and development. Workers that are hired often experience failure due to their lack of understanding the challenges within these industries. In the past training has been the main theme in developing workers for IRM. Today, training is not enough to ensure a solid understanding of the detailed work of insurance. The role of risk manager is coming into its own being, as previously, operations managers or financial analysts assumed this role; today organizations are realizing they need trained specialists who can oversee and take a holistic approach in managing the risk (Gabel, 2008). Internships in combination with classroom theory will qualify future workers for meaningful work within the insurance, risk management and financial services industries.
|Commitee:||Graessle, Charles, Singh, Raj|
|Department:||School of Business and Technology|
|School Location:||United States -- Minnesota|
|Source:||DAI-A 73/02, Dissertation Abstracts International|
|Subjects:||Education finance, Instructional Design, Education Policy|
|Keywords:||Curricula, Education, Financial services, Insurance, Internships, Risk management|
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