When it comes to popularity, a bachelor's degree in insurance sits in the middle of the road, ranking #146 out of 363 majors in the country. As such, the degree program isn't offered at every college in the United States, but there are schools that do have a program in the field that are top-notch when it comes to quality.
College Factual looked at 7 colleges and universities when compiling its 2025 Best Insurance Bachelor's Degree Schools in the Great Lakes Region ranking. When you put them all together, these colleges and universities awarded 284 bachelor's degrees in insurance during the 2022-2023 academic year.
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Choosing a Great Insurance School for Your Bachelor's Degree
The insurance bachelor's degree program you select can have a big impact on your future. This section explores some of the factors we include in our ranking and how much they vary depending on the school you select. When choosing a school we recommend considering some of the following factors:
Quality Overall Is Important
A school that excels in educating for a particular major and degree level must be a great school overall as well. To make it into this list a school must rank well in our overall Best Colleges ranking. This ranking considered factors such as graduation rates, overall graduate earnings and other educational resources to identify great colleges and universities.
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 bachelor's degree from the school. This is because one of the main reasons people pursue their bachelor's degree is to enable themselves to find better-paying positions.
Other Factors We Consider
In addition to the above, you should consider some of the following factors:
Major Focus - How much a school focuses on insurance students vs. other majors.
Major Demand - How many other insurance students want to attend this school to pursue a bachelor's degree.
Educational Resources - The amount of money and other resources allocated to students while they are pursuing their degree. These resources include such things as number of students per instructor and education expenditures per student.
Student Debt - How easy is it for insurance to pay back their student loans after receiving their bachelor's degree.
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 bachelor'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 Bachelor's Degree Schools in the Great Lakes Region list, to help you choose the best school for you.
In addition to College Factual's rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you.
When you have some time, check it out - you may want to bookmark the link so you don't forget it.
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University of Wisconsin - Madison is a great option for students interested in a bachelor's degree in insurance. Located in the large city of Madison, UW - Madison is a public university with a fairly large student population.
Those insurance students who get their bachelor's degree from University of Wisconsin - Madison receive $21,360 more than the typical insurance graduate.
Illinois State University is one of the finest schools in the country for getting a bachelor's degree in insurance. Located in the medium-sized suburb of Normal, Illinois State is a public university with a very large student population.
Students who graduate with their bachelor's from the insurance program state that they receive average early career earnings of $51,499.
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 bachelor's degree program you select can have a big impact on your future. This section explores some of the factors we include in our ranking and how much they vary depending on the school you select. When choosing a school we recommend considering some of the following factors:
