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Master's Degree in Insurance

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Master’s Degrees in Insurance

90 Yearly Graduations
$96,878 Median Salary
54% Women
There are 13 colleges and univerities across the nation that offer a master's degree in insurance. In recent years, the majority of the students getting degrees in this area were female, and 19% were from an underrepresented racial-ethnic group. Also, 2.2% of insurance graduates were international students.

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.

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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
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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
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There are 13 colleges that offer a master’s degree in insurance. Learn more about the most popular 13 below:

#1

Florida State University

Tallahassee, Florida
21 Yearly Graduations
48% Women
29% Racial-Ethnic Minorities*

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.

#2

Butler University

Indianapolis, Indiana
18 Yearly Graduations
39% Women
6% Racial-Ethnic Minorities*

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.

#3

Saint Peter's University

Jersey City, New Jersey
16 Yearly Graduations
56% Women
31% Racial-Ethnic Minorities*

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.

#4

Boston University

Boston, Massachusetts
14 Yearly Graduations
64% Women
21% Racial-Ethnic Minorities*

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.

#4

Olivet College

Olivet, Michigan
14 Yearly Graduations
71% Women
14% Racial-Ethnic Minorities*

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.

#6

Husson University

Bangor, Maine
3 Yearly Graduations
67% Women

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.

#7

Cambridge College

Boston, Massachusetts
2 Yearly Graduations
100% Women

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.

1 Yearly Graduations

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.

#8

University of Wisconsin - Madison

Madison, Wisconsin
1 Yearly Graduations

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

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.

More about our data sources and methodologies.

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