Insurancemaster's programs are on the lower end of the spectrum in terms of popularity. In fact, the major degree program ranks #243 out of the 343 majors we look at each year. As such, your educational options may be more limited than if you were in a more popular field.
For its 2025 ranking, College Factual looked at 4 schools in the United States to determine which ones were the best for insurance students pursuing a master's degree. Combined, these schools handed out 85 master's degrees in insurance to qualified students.
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Choosing a Great Insurance School for Your Master's Degree
The insurance master's degree program you select can have a big impact on your future. Important measures of a quality insurance program can vary widely even among the top schools. When choosing a school we recommend considering some of the following factors:
Quality Overall Is Important
The overall quality of a master's degree school is important to ensure a quality education, not just how well they do in a particular major. To account for this we include a school's overall Best Colleges for a Master's Degree ranking which itself looks at a collection of different factors like degree completion, educational resources, student body caliber and post-graduation earnings for the school as a whole.
Average Earnings
To determine the overall quality of a graduate school, one factor we look at is the average early-career salary of those receiving their master's degree from the school. This is because one of the main reasons people pursue their master's degree is to enable themselves to find better-paying positions.
Other Factors We Consider
The metrics below are just some of the other metrics that we use to determine our rankings.
Major Focus - How many resources a school devotes to insurance students as compared to other majors.
Major Demand - The number of insurance students who choose to seek a master's degree at the school.
Educational Resources - How many resources are allocated to students. These resources may include educational expenditures per student, number of students per instructor, and graduation rate among other things.
Student Debt - How much debt insurance students go into to obtain their master's degree and how well they are able to pay back that debt.
Accreditation - Whether a school is regionally accredited and/or accredited by a recognized insurance related body.
Our full ranking methodology documents in more detail how we consider these factors to identify the best colleges for insurance students working on their master's degree.
Since the program you select can have a significant impact on your future, we've developed a number of rankings, including this Best Insurance Master's Degree Schools list, to help you choose the best school for you.
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It is hard to beat Boston University if you want to pursue a master's degree in insurance. Located in the city of Boston, Boston U is a private not-for-profit university with a fairly large student population.
Insurance master's degree recipients from Boston University earn a boost of approximately $42,376 over the average income of insurance graduates.
It's hard to beat Florida State University if you wish to pursue a master's degree in insurance. Florida State is a very large public university located in the city of Tallahassee.
Students who graduate with their master's from the insurance program state that they receive average early career wages of $90,536.
Any student who is interested in a master's degree in insurance needs to check out Butler University. Located in the city of Indianapolis, Butler is a private not-for-profit university with a medium-sized student population.More information about a master’s in insurance from Butler University
Olivet College is one of the best schools in the United States for getting a master's degree in insurance. Olivet is a fairly small private not-for-profit college located in the rural area of Olivet.More information about a master’s in insurance from Olivet College
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The bars on the spread charts above show the distribution of the schools on this list +/- one standard deviation from the mean.
The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
The insurance master's degree program you select can have a big impact on your future. Important measures of a quality insurance program can vary widely even among the top schools. When choosing a school we recommend considering some of the following factors:
