Master’s Degrees in Insurance
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Education Levels of Insurance Majors
In 2020-2021, 90 master's degrees were awarded to insurance majors. This makes it the 24th most popular master's degree program in the country.
The following table shows the number of diplomas awarded in insurance at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 1,505 |
| Basic Certificate | 145 |
| Master’s Degree | 90 |
| Graduate Certificate | 53 |
| Associate Degree | 12 |
| Undergraduate Certificate | 4 |
Earnings of Insurance Majors With Master’s Degrees
The median salary for graduates holding a master's degree in insurance is $96,878. This number may vary for a lot of reasons. For instance, you may decide to move to a location where people with your degree are rare and make more money. A better approximation of salary is to look at the typical range of salaries. In this case the low is $81,176 and the high is $104,524.
Student Debt
The data on debt ranges for insurance majors who have their master's degree is not available.
Student Diversity
More women than men pursue their master's degree in insurance. About 54.4% of graduates with this degree are female.
| Gender | Number of Grads |
|---|---|
| Men | 41 |
| Women | 49 |
The racial-ethnic distribution of insurance master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 3 |
| Black or African American | 7 |
| Hispanic or Latino | 5 |
| White | 63 |
| International Students | 2 |
| Other Races/Ethnicities | 10 |
Most Popular Insurance Programs for Master’s Degrees
There are 13 colleges that offer a master’s degree in insurance. Learn more about the most popular 13 below:
Florida State University tops the list of the most popular school in the U.S. for insurance majors who are seeking their master's degree. Roughly 43,500 attend the school each year. The average in-state tuition for full-time undergraduates is $4,640 per year, while in-state graduate students, on average, pay $9,684 per year. The insurance program at Florida State University awarded 21 master's degrees during the 2020-2021 school year. Of these students, 48% were women and 29% were members of underrepresented racial-ethnic groups.
The 2nd most popular school in the country for insurance majors who are seeking their master's degree is Butler University. Each year, around 5,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $42,410 per year, while in-state graduate students, on average, pay $14,785 per year. The insurance program at Butler University awarded 18 master's degrees during the 2020-2021 school year. Around 6% of these students were from an underrepresented racial-ethnic group, and 39% were women.
The 3rd most popular school in the country for insurance majors who are seeking their master's degree is Saint Peter's University. Each year, around 3,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $37,660 per year, while in-state graduate students, on average, pay $21,186 per year. During the 2020-2021 academic year, 16 people received their master's degree in insurance from Saint Peter's College. Of these students, 56% were women and 31% were members of underrepresented racial-ethnic groups.
Boston University comes in at #4 on our list of the most popular colleges offering master's degrees in insurance. Roughly 32,700 attend the school each year. The average in-state tuition for full-time undergraduates is $58,560 per year, while in-state graduate students, on average, pay $58,560 per year. The insurance program at Boston University awarded 14 master's degrees during the 2020-2021 school year. About 64% of this group were women, and 21% were students from an underrepresented racial-ethnic group.
The 4th most popular school in the country for insurance majors who are seeking their master's degree is Olivet College. Roughly 1,000 attend the school each year. During the 2020-2021 academic year, 14 people received their master's degree in insurance from Olivet. About 71% of this group were women, and 14% were students from an underrepresented racial-ethnic group.
The 6th most popular school in the country for insurance majors who are seeking their master's degree is Husson University. Each year, around 3,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $18,890 per year, while in-state graduate students, on average, pay $16,780 per year. For the 2020-2021 academic year, 3 master's degrees were handed out to insurance majors at Husson.
Cambridge College comes in at #7 on our list of the most popular colleges offering master's degrees in insurance. The average in-state tuition for full-time undergraduates is $16,442 per year, while in-state graduate students, on average, pay $16,409 per year. The insurance program at Cambridge College awarded 2 master's degrees during the 2020-2021 school year.
University of Akron Main Campus is the 8th most popular school in the nation for students seeking a master's degree in insurance. The average in-state tuition for full-time undergraduates is $9,595 per year, while in-state graduate students, on average, pay $10,610 per year. During the 2020-2021 academic year, 1 people received their master's degree in insurance from University of Akron Main Campus.
University of Wisconsin - Madison is the 8th most popular school in the nation for students seeking a master's degree in insurance. The average in-state tuition for full-time undergraduates is $9,273 per year, while in-state graduate students, on average, pay $10,728 per year. For the 2020-2021 academic year, 1 master's degrees were handed out to insurance majors at UW - Madison.
Insurance Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| Insurance | 90 |
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Related Majors
Below are some popular majors that are similar to insurance that offer master’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Business Administration & Management | 122,843 |
| Management Sciences & Methods | 29,299 |
| Accounting | 18,187 |
| Human Resource Management | 9,750 |
| Business & Commerce | 8,488 |
References
*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By Nick Youngson under License
More about our data sources and methodologies.
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