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Master's Degree in Insurance

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Master’s Degrees in Insurance

116 Yearly Graduations
$84,150 Median Salary
$33,000 Median Debt
There are 9 colleges and univerities across the nation that offer a master's degree in insurance. This degree is more popular with female students, and about 23% of recent graduates were from an underrepresented racial-ethnic group. Also, 7.8% of insurance graduates were international students.

Education Levels of Insurance Majors

During the 2018-2019 academic year, 116 students earned their master's degree in insurance. 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 1,396
Basic Certificate 630
Master’s Degree 116
Graduate Certificate 55
Associate’s Degree 12
Undergraduate Certificate 7
Doctor’s Degree 2

Earnings of Insurance Majors With Master’s Degrees

The median salary for graduates holding a master's degree in insurance is $84,150. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses.

To get a better picture, earnings for this category of people can range from a low of $80,025 to a high of $88,275.

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Student Debt

The median student debt for graduates holding a master's degree in insurance is $33,000. The length of time it takes you to graduate and what college you attend can affect this number quite a bit.

The chart below shows the range of accumulated debt loads. On the high side of the range, $37,000 is the debt load, and the debt load on the low side is $29,000.

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The median monthly payment of a insurance graduate with a 10-year repayment plan is $384.

Student Diversity

More women than men pursue their master's degree in insurance. About 51.7% of graduates with this degree are female.

Gender Number of Grads
Men 56
Women 60
Gender Diversity of Master's Degrees in Insurance

The racial-ethnic distribution of insurance master’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 2
Black or African American 10
Hispanic or Latino 11
White 65
International Students 9
Other Races/Ethnicities 19
Racial-Ethnic Diversity of Insurance Master's Degree Students

There are 9 colleges that offer a master’s degree in insurance. Learn more about the most popular 9 below:

#1

Boston University

Boston, Massachusetts
29 Yearly Graduations
34% Women
34% Racial-Ethnic Minorities*

Boston University tops the list of the most popular school in the U.S. for insurance majors who are seeking their master's degree. Roughly 33,700 attend the school each year. The average in-state tuition for full-time undergraduates is $54,720 per year, while in-state graduate students, on average, pay $54,720 per year.

For the 2018-2019 academic year, 29 master's degrees were handed out to insurance majors at Boston U. About 34% of this group were women, and 34% were students from an underrepresented racial-ethnic group.

#2

Olivet College

Olivet, Michigan
23 Yearly Graduations
57% Women
4% Racial-Ethnic Minorities*

Olivet College is the 2nd most popular school in the nation for students seeking a master's degree in insurance. Each year, around 1,100 students seeking various degrees attend the university. The insurance program at Olivet College awarded 23 master's degrees during the 2018-2019 school year. About 57% of this group were women, and 4% were students from an underrepresented racial-ethnic group.

#3

Saint Peter's University

Jersey City, New Jersey
21 Yearly Graduations
71% Women
52% Racial-Ethnic Minorities*

Saint Peter's University comes in at #3 on our list of the most popular colleges offering master's degrees in insurance. Roughly 3,200 attend the school each year. 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.

For the 2018-2019 academic year, 21 master's degrees were handed out to insurance majors at Saint Peter's College. Of these students, 71% were women and 52% were members of underrepresented racial-ethnic groups.

#4

Florida State University

Tallahassee, Florida
20 Yearly Graduations
55% Women
25% Racial-Ethnic Minorities*

Florida State University is the 4th most popular school in the nation for students seeking a master's degree in insurance. Each year, around 42,400 students seeking various degrees attend the university. 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.

During the 2018-2019 academic year, 20 people received their master's degree in insurance from Florida State. About 55% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

#5

Husson University

Bangor, Maine
11 Yearly Graduations
64% Women

Husson University comes in at #5 on our list of the most popular colleges offering master's degrees in insurance. Each year, around 3,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $17,770 per year, while in-state graduate students, on average, pay $15,990 per year.

For the 2018-2019 academic year, 11 master's degrees were handed out to insurance majors at Husson.

#6

University of Wisconsin - Madison

Madison, Wisconsin
6 Yearly Graduations
17% Women

The 6th most popular school in the country for insurance majors who are seeking their master's degree is University of Wisconsin - Madison. Each year, around 44,200 students seeking various degrees attend the university. 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 2018-2019 academic year, 6 master's degrees were handed out to insurance majors at UW - Madison.

6 Yearly Graduations
50% Women

St John's University - New York is the 6th most popular school in the nation for students seeking a master's degree in insurance. Each year, around 21,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $41,378 per year, while in-state graduate students, on average, pay $28,569 per year.

For the 2018-2019 academic year, 6 master's degrees were handed out to insurance majors at STJ.

Insurance Focus Areas

Major Annual Degrees Awarded
Insurance 116

Below are some popular majors that are similar to insurance that offer master’s degrees.

Major Annual Degrees Awarded
Business Administration & Management 128,188
Accounting 20,770
Management Sciences & Methods 12,583
Business & Commerce 9,486
Human Resource Management 8,943

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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