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Master's Degree in Insurance

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Master’s Degrees in Insurance

84 Yearly Graduations
$84,150 Median Salary
$33,000 Median Debt
A master's degree in insurance is offered at 9 colleges in the United States. In recent years, the majority of the students getting degrees in this area were male, and 30 were from an underrepresented racial-ethnic group. Also, 7.1% of insurance graduates were international students.

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

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

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


*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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