Master’s Degrees in Insurance
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Education Levels of Insurance Majors
In 2019-2020, 84 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 | 1,556 |
| Basic Certificate | 90 |
| Master’s Degree | 84 |
| Graduate Certificate | 60 |
| Associate Degree | 12 |
| Undergraduate Certificate | 8 |
| Doctor’s Degree | 1 |
Earnings of Insurance Majors With Master’s Degrees
The median salary for graduates holding a master's degree in insurance is $84,150. 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. 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.
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.
Those students who are paying back their debt on a 10-year repayment plan have a median monthly payment of $385.
Student Diversity
More men than women pursue master's degrees in insurance. About 60.7% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 51 |
| Women | 33 |
The racial-ethnic distribution of insurance master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 5 |
| Black or African American | 8 |
| Hispanic or Latino | 9 |
| White | 44 |
| International Students | 6 |
| Other Races/Ethnicities | 12 |
Most Popular Insurance Programs for Master’s Degrees
There are 9 colleges that offer a master’s degree in insurance. Learn more about the most popular 9 below:
Insurance Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| Insurance | 84 |
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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 | 121,330 |
| Management Sciences & Methods | 23,091 |
| Accounting | 19,027 |
| Human Resource Management | 9,112 |
| Business & Commerce | 8,782 |
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.
Featured Schools
You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs.
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