Redbird Risk Management Challenge
The 2022 program will take place Sunday, July 17 - Friday, July 22, 2022. A week of competition, teams, leadership, challenges, and fun.
APPLY HERE Applications close June 17.
We are seeking students who:
- Are entering their senior year in high school.
- Plan to attend college after graduation.
- Presently have at least a 3.2 GPA (on a 4.0scale)
- ACT Scores and Letters of Recommendations are viewed favorably but NOT required.
Selection will be based on GPA, extracurricular activities, community service, and leadership roles held by the applicant. Please complete the application by May 30, 2022 Also, a letter of recommendation from a business/consumer science teacher is required. This recommendation must confirm the student’s activities and interests in business.
What is the program?
Illinois State University invites the best that the Midwest has to offer to compete in a week long risk management challenge held at the Katie School of Insurance on the ISU campus from July 17—22, 2022.
You and your teammates assume the roles of senior risk management professionals and are asked to guide your corporation through a minefield of potential disasters. Losses may occur without notice and may cripple your corporation’s ability to carry on operations. The only alternative to bankruptcy is for your team to correctly assess the impact of these perils and implement superior risk management strategies that ensure success. Student teams compete against one another in developing the best risk management strategies. The winning team is determined by which corporation generates the most profit by the end of the week. The experience is challenging and will require all competitors to perform at the top of their game.
Teams must think creatively and stay resourceful to win.
We have fun too! In the evenings there are structured social activities such as bowling, mini-golf, and other competitive activities designed to build camaraderie and help earn additional revenue for your “companies.”
Students stay in a dorm on the Illinois State University campus while in the program, allowing them to experience what it is like to live on a college campus. Special student guides and programming are arranged for students during the evening.
APPLY HERE
Applications close June 17.
Schedule
Students participate in Games within the Game. Each activity provide clues on how to better man-age the risk of your company. The program culminates with a Shark Tank like presentation to a group of risk management professionals.
Parent-Student Orientation
We will host an orientation for parents and students to understand the resources available at Illinois State University. This is on Sunday - July 17, 2022.
What does this cost?
This program FREE. It is funded through a generous donation from State Farm Insurance Companies Foundation and the Spencer Education Foundation. While on campus for the competition, the costs of tuition, room, and meals are covered.
