MBA Programs in Insurance
Tuition, ROI, Graduate Salary, GMAT Requirements
10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank
$42,946
Average Tuition – Insurance MBA Programs
$82,121
Average Starting Salary – Insurance MBA Programs
569
Average GMAT Scores – Insurance MBA Programs
183%
Average ROI – Finance MBA Programs
Executive Summary for MBA Programs in Insurance MBA Programs
The ranking team at MBAGuide.org, evaluated 96 Insurance MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Insurance MBA, compare schools, find states and cities where the degree is offered.
- Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 96 AACSB-accredited campus MBA programs in Insurance to find the top programs in the country.
- Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
- Detailed school profiles of Insurance MBA programs their strengths, faculty expertise, alumni networks to help align your program choice
Best 10 MBA Programs in Insurance
The University of Texas at Dallas
Naveen Jindal School of Management
Location:
- Richardson
,
- TX
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Consulting
- Corporate Finance
- Data Analytics
- Energy
- Entrepreneurship
- Finance
- General Business
- Global Management
- Healthcare Administration
- Human Resources
- Information Systems
- Insurance
- International Business
- Leadership
- Management
- Marketing
- Operations Management
- Organizational Behavior
- Other
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
University of Wisconsin-Madison
Wisconsin School of Business
Location:
- Madison
,
- WI
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Actuarial Science
- Arts
- Consulting
- Corporate Finance
- Data Analytics
- Entrepreneurship
- Ethics
- Finance
- General Business
- Global Management
- Human Resources
- Information Systems
- Insurance
- International Business
- Management
- Marketing
- Operations Management
- Other
- Real Estate
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
The University of Georgia
Terry College of Business
Location:
- Athens
,
- GA
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Actuarial Science
- Arts
- Corporate Finance
- Data Analytics
- Entrepreneurship
- Finance
- General Business
- Global Management
- Human Resources
- Information Systems
- Insurance
- International Business
- Law
- Leadership
- Management
- Marketing
- Real Estate
- Science and Technology
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
University of South Carolina
Darla Moore School of Business
Location:
- Columbia
,
- SC
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- 1-Year
- ·
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Corporate Finance
- Data Analytics
- Economics
- Finance
- General Business
- Global Management
- Human Resources
- Information Systems
- Insurance
- International Business
- Management
- Marketing
- Operations Management
- Organizational Behavior
- Other
- Real Estate
- Supply Chain
- Taxation
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
The University of Iowa
Tippie College of Business
Location:
- Iowa City
,
- IA
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Communications
- Corporate Finance
- Data Analytics
- Economics
- Entrepreneurship
- Finance
- General Business
- Global Management
- Information Systems
- Insurance
- International Business
- Leadership
- Management
- Marketing
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Stanford University
Graduate School of Business
Location:
- Stanford
,
- CA
Control: Private
Academic Year: Quarter
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- Master
- ·
- MBA
Offered As:
- Campus
- ·
- Full-Time
- Accounting
- Corporate Finance
- Economics
- Education
- Finance
- General Business
- Insurance
- Management
- Marketing
- Organizational Behavior
- Other
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
University of St. Thomas-Minnesota
Opus College of Business
Location:
- Minneapolis
,
- MN
Control: Private
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Communications
- Corporate Finance
- Data Analytics
- E-Commerce
- Entrepreneurship
- Finance
- General Business
- Global Management
- Healthcare Administration
- Human Resources
- Insurance
- International Business
- Law
- Management
- Marketing
- Operations Management
- Real Estate
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
University of Pennsylvania
The Wharton School
Location:
- Philadelphia
,
- PA
Control: Private for-profit
Academic Year: Quarter
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Full-Time
- Accounting
- Data Analytics
- Economics
- Entrepreneurship
- Finance
- Healthcare Administration
- Insurance
- Management
- Public Administration
- Sustainability
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
University of Maryland
Robert H. Smith School of Business
Location:
- College Park
,
- MD
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Corporate Finance
- Data Analytics
- E-Commerce
- Entrepreneurship
- Finance
- General Business
- Global Management
- Human Resources
- Information Systems
- Insurance
- International Business
- Leadership
- Management
- Manufacturing
- Marketing
- Operations Management
- Organizational Behavior
- Quantitative Methods
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
American University
Kogod School of Business
Location:
- Washington
,
- DC
Control: Private
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- Accounting
- Arts
- Corporate Finance
- Cybersecurity
- Data Analytics
- Entrepreneurship
- Ethics
- Finance
- General Business
- Global Management
- Information Systems
- Insurance
- International Business
- Law
- Management
- Marketing
- Other
- Real Estate
- Taxation
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Interactive Table of the Best Ranked MBA Programs in Insurance
Easily sort the interactive table below to find the best Insurance MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Insurance. Click on any school for a comprehensive school profile.
| Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
|---|---|---|---|---|---|---|
| 1 | The University of Texas at Dallas | 243.00% | $45,000 | $123,163 | TX | Yes |
| 2 | University of Wisconsin-Madison | 114.00% | $55,575 | $118,983 | WI | Yes |
| 3 | The University of Georgia | 294.00% | $30,606 | $120,510 | GA | Yes |
| 4 | University of South Carolina | 269.00% | $26,485 | $97,819 | SC | No |
| 5 | The University of Iowa | 381.00% | $23,453 | $112,820 | IA | No |
| 6 | Stanford University | 10.00% | $165,591 | $182,272 | CA | No |
| 7 | University of St. Thomas-Minnesota | 67.00% | $61,596 | $102,900 | MN | Yes |
| 8 | University of Pennsylvania | -7.00% | $179,852 | $166,391 | PA | No |
| 9 | University of Maryland | 22.00% | $98,865 | $121,103 | MD | Yes |
| 10 | American University | 8.00% | $98,282 | $105,666 | DC | Yes |
| 11 | The George Washington University | 3.00% | $113,090 | $115,951 | DC | No |
| 12 | Boston University | -3.00% | $124,248 | $120,884 | MA | Yes |
| 13 | University of Hartford | 213.00% | $30,168 | $94,500 | CT | Yes |
| 14 | Rice University | 2.00% | $139,081 | $142,212 | TX | Yes |
| 15 | Temple University | 60.00% | $60,000 | $95,989 | PA | Yes |
| 16 | University of Cincinnati | 263.00% | $23,996 | $87,013 | OH | Yes |
| 17 | Georgia State University | 156.00% | $36,522 | $93,600 | GA | Yes |
| 18 | The Ohio State University | 1.00% | $106,123 | $106,779 | OH | Yes |
| 19 | Indiana State University | 332.00% | $19,000 | $82,000 | IN | Yes |
| 20 | Texas Christian University | -7.00% | $115,380 | $107,543 | TX | Yes |
| 21 | Middle Tennessee State University | 233.00% | $26,712 | $89,000 | TN | Yes |
| 22 | University of Nevada, Las Vegas | 331.00% | $21,784 | $93,820 | NV | Yes |
| 23 | Baylor University | -8.00% | $85,692 | $79,176 | TX | Yes |
| 24 | Shenandoah University | 158.00% | $34,848 | $89,900 | VA | No |
| 25 | University of Baltimore | 120.00% | $35,128 | $77,400 | MD | Yes |
| 26 | Ball State University | 260.00% | $21,197 | $76,400 | IN | Yes |
| 27 | California State Polytechnic University Pomona | 200.00% | $29,800 | $89,440 | CA | No |
| 28 | Worcester Polytechnic Institute | 104.00% | $48,300 | $98,523 | MA | Yes |
| 29 | Marquette University | 95.00% | $46,620 | $90,700 | WI | Yes |
| 30 | Hult International Business School | 21.00% | $85,000 | $102,928 | MA | Yes |
| 31 | Rensselaer Polytechnic Institute | -9.00% | $92,510 | $84,200 | NY | Yes |
| 32 | Saint Joseph's University | 114.00% | $42,912 | $92,000 | PA | Yes |
| 33 | Saint Xavier University | 328.00% | $22,500 | $96,302 | IL | No |
| 34 | The College of New Jersey | 78.00% | $50,482 | $90,000 | NJ | No |
| 35 | Illinois Institute of Technology | 22.00% | $67,690 | $82,352 | IL | Yes |
| 36 | Wake Forest University | -3.00% | $79,975 | $77,800 | NC | Yes |
| 37 | Missouri State University | 313.00% | $15,108 | $62,400 | MO | Yes |
| 38 | Butler University | 51.00% | $39,000 | $59,000 | IN | Yes |
| 39 | Minnesota State University Moorhead | 224.00% | $26,220 | $85,000 | MN | Yes |
| 40 | Creighton University | 96.00% | $33,234 | $65,000 | NE | Yes |
| 41 | Weber State University | 326.00% | $19,908 | $84,900 | UT | Yes |
| 42 | The University of Akron | 244.00% | $17,872 | $61,400 | OH | Yes |
| 43 | St. John's University | -25.00% | $83,205 | $62,619 | NY | Yes |
| 44 | University of Arkansas at Little Rock | 250.00% | $18,071 | $63,300 | AR | Yes |
| 45 | Old Dominion University | 140.00% | $31,564 | $75,800 | VA | Yes |
| 46 | University of Minnesota Duluth | 175.00% | $33,798 | $92,953 | MN | No |
| 47 | Frostburg State University | 400.00% | $16,740 | $83,700 | MD | Yes |
| 48 | Florida State University | 202.00% | $18,693 | $56,545 | FL | Yes |
| 49 | University of Wisconsin Oshkosh | 200.00% | $29,168 | $87,400 | WI | Yes |
| 50 | University of Wisconsin-Stevens Point | 107.00% | $28,224 | $58,350 | WI | No |
| 51 | California State University, Fullerton | 83.00% | $44,550 | $81,500 | CA | Yes |
| 52 | Illinois State University | 284.00% | $20,050 | $76,900 | IL | No |
| 53 | University of South Florida | 273.00% | $14,955 | $55,714 | FL | Yes |
| 54 | Bowling Green State University | 98.00% | $27,200 | $53,853 | OH | Yes |
| 55 | Appalachian State University | 262.00% | $17,463 | $63,285 | NC | Yes |
| 56 | Louisiana State University | 27.00% | $50,486 | $64,142 | LA | Yes |
| 57 | University of North Florida | 249.00% | $17,767 | $62,014 | FL | No |
| 58 | California State University, Northridge | 151.00% | $30,897 | $77,400 | CA | No |
| 59 | Northern Arizona University | 176.00% | $24,640 | $68,100 | AZ | Yes |
| 60 | Prairie View A&M University | 155.00% | $23,699 | $60,500 | TX | No |
| 61 | California State University, East Bay | 174.00% | $28,000 | $76,600 | CA | Yes |
| 62 | Texas Woman's University | 300.00% | $20,000 | $79,925 | TX | Yes |
| 63 | Radford University | 473.00% | $15,984 | $91,600 | VA | Yes |
| 64 | University of Southern Maine | 330.00% | $20,370 | $87,535 | ME | Yes |
| 65 | California State University, Bakersfield | 451.00% | $14,272 | $78,600 | CA | Yes |
| 66 | University of Houston-Downtown | 342.00% | $18,623 | $82,273 | TX | Yes |
| 67 | St. Cloud State University | 182.00% | $28,969 | $81,800 | MN | Yes |
| 68 | University of South Dakota | 219.00% | $14,892 | $47,553 | SD | Yes |
| 69 | The University of Mississippi | 135.00% | $25,914 | $60,977 | MS | Yes |
| 70 | Western Washington University | 38.00% | $48,448 | $67,100 | WA | No |
| 71 | University of North Georgia | 474.00% | $9,846 | $56,500 | GA | Yes |
| 72 | Rochester Institute of Technology | -40.00% | $108,352 | $64,800 | NY | Yes |
| 73 | Texas Wesleyan University | 154.00% | $31,080 | $79,000 | TX | Yes |
| 74 | California State University, Sacramento | 201.00% | $25,260 | $76,000 | CA | Yes |
| 75 | State University of New York College at Oneonta | 223.00% | $25,064 | $81,000 | NY | No |
| 76 | University of New Orleans | 118.00% | $31,746 | $69,100 | LA | No |
| 77 | University of North Texas | 39.00% | $52,268 | $72,545 | TX | Yes |
| 78 | University of Louisiana at Lafayette | 64.00% | $31,281 | $51,200 | LA | Yes |
| 79 | University of Nebraska at Kearney | 450.00% | $13,293 | $73,150 | NE | Yes |
| 80 | University of New Haven | 62.00% | $39,770 | $64,600 | CT | Yes |
| 81 | Le Moyne College | 70.00% | $35,952 | $61,100 | NY | No |
| 82 | Robert Morris University | 99.00% | $33,750 | $67,000 | PA | Yes |
| 83 | Sam Houston State University | 227.00% | $21,147 | $69,200 | TX | Yes |
| 84 | University of Montevallo | 284.00% | $16,140 | $61,950 | AL | Yes |
| 85 | Winthrop University | 155.00% | $23,508 | $60,000 | SC | Yes |
| 86 | Universidad Ana G. Mendez - Gurabo | 305.00% | $15,000 | $60,752 | PR | No |
| 87 | Stockton University | 44.00% | $33,012 | $47,700 | NJ | No |
| 88 | Tennessee Technological University | 24.00% | $54,000 | $66,800 | TN | Yes |
| 89 | Youngstown State University | 377.00% | $13,500 | $64,400 | OH | Yes |
| 90 | University of North Alabama | 257.00% | $16,830 | $60,000 | AL | Yes |
| 91 | Eastern Kentucky University | 178.00% | $15,264 | $42,450 | KY | Yes |
An MBA program in Insurance will cost you between $9,846.00 to $179,852.00.
- Number of Programs Offering Insurance MBAs: 96
- Average GMAT Score for Insurance MBA Programs: 569
- Average In-State Tuition for Insurance MBA Programs: $42,946.26
- Average Graduate Salary for Insurance MBA Programs: $82,121
- Average ROI for Insurance MBA Programs: 183%
Compare Insurance MBA Program Averages vs Campus
| Averages | MBA Programs | Online MBA Programs |
|---|---|---|
| Number of Programs | 96 | 74 |
| Average Starting Salary | $82,121 | $80,247 |
| Average MBA Tuition | $42,946 | $41,691 |
| Average ROI | 183% | 187% |
| Average GMAT Scores | 569 | 569 |
| Average Full-Time MBA Faculty | 78 | 79 |
| Average MBA Student Faculty Ratio | 17:1 | 17:1 |
| Faculty with Doctorate | 84% | 84% |
| Average Full-Time MBA Enrollment | 346 | 370 |
| Average Part-Time MBA Enrollment | 322 | 349 |
| Average % of MBA Students from U.S. | 84% | 84% |
Read about our ranking methodology.
What is the Average MBA Salary for Insurance Graduates?
Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Insurance can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.
MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from Eastern Kentucky University, the average MBA graduate annual salary is $42,450 . A degree from Stanford University, will provide an annual salary of $182,272.
Average MBA starting salary for graduates from accredited programs is $82,121 with the lowest of starting of $42,450 and the highest reported starting salary of $182,272.
Average Graduate Salaries for In-Person Insurance MBA Programs
- Average Insurance: $82,121
- Lowest Insurance: $42,450
- Highest Insurance: $182,272
10 Highest Salaries for In-Person MBA Graduates in Insurance
- Stanford University - $182,272.00
- University of Pennsylvania - $166,391.00
- Rice University - $142,212.00
- The University of Texas at Dallas - $123,163.00
- University of Maryland - $121,103.00
- Boston University - $120,884.00
- The University of Georgia - $120,510.00
- University of Wisconsin-Madison - $118,983.00
- The George Washington University - $115,951.00
- The University of Iowa - $112,820.00
10 Lowest Salaries for In-Person MBA Graduates in Insurance
- Eastern Kentucky University - $42,450.00
- University of South Dakota - $47,553.00
- Stockton University - $47,700.00
- University of Louisiana at Lafayette - $51,200.00
- Bowling Green State University - $53,853.00
- University of South Florida - $55,714.00
- University of North Georgia - $56,500.00
- Florida State University - $56,545.00
- University of Wisconsin-Stevens Point - $58,350.00
- Butler University - $59,000.00
Average Salary for Graduate of MBA Programs in Insurance Programs – Interactive Table
Easily sort the interactive table below to find the best Insurance MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Insurance. Click on any school for a comprehensive school profile.
| Rank | University | Avg. Starting Salary | In State Tuition | ROI | State | Online |
|---|---|---|---|---|---|---|
| 1 | Eastern Kentucky University | $42,450 | $15,264 | 178.00% | KY | Yes |
| 2 | University of South Dakota | $47,553 | $14,892 | 219.00% | SD | Yes |
| 3 | Stockton University | $47,700 | $33,012 | 44.00% | NJ | No |
| 4 | University of Louisiana at Lafayette | $51,200 | $31,281 | 64.00% | LA | Yes |
| 5 | Bowling Green State University | $53,853 | $27,200 | 98.00% | OH | Yes |
| 6 | University of South Florida | $55,714 | $14,955 | 273.00% | FL | Yes |
| 7 | University of North Georgia | $56,500 | $9,846 | 474.00% | GA | Yes |
| 8 | Florida State University | $56,545 | $18,693 | 202.00% | FL | Yes |
| 9 | University of Wisconsin-Stevens Point | $58,350 | $28,224 | 107.00% | WI | No |
| 10 | Butler University | $59,000 | $39,000 | 51.00% | IN | Yes |
| 11 | Winthrop University | $60,000 | $23,508 | 155.00% | SC | Yes |
| 11 | University of North Alabama | $60,000 | $16,830 | 257.00% | AL | Yes |
| 13 | Prairie View A&M University | $60,500 | $23,699 | 155.00% | TX | No |
| 14 | Universidad Ana G. Mendez - Gurabo | $60,752 | $15,000 | 305.00% | PR | No |
| 15 | The University of Mississippi | $60,977 | $25,914 | 135.00% | MS | Yes |
| 16 | Le Moyne College | $61,100 | $35,952 | 70.00% | NY | No |
| 17 | The University of Akron | $61,400 | $17,872 | 244.00% | OH | Yes |
| 18 | University of Montevallo | $61,950 | $16,140 | 284.00% | AL | Yes |
| 19 | University of North Florida | $62,014 | $17,767 | 249.00% | FL | No |
| 20 | Missouri State University | $62,400 | $15,108 | 313.00% | MO | Yes |
| 21 | St. John's University | $62,619 | $83,205 | -25.00% | NY | Yes |
| 22 | Appalachian State University | $63,285 | $17,463 | 262.00% | NC | Yes |
| 23 | University of Arkansas at Little Rock | $63,300 | $18,071 | 250.00% | AR | Yes |
| 24 | Louisiana State University | $64,142 | $50,486 | 27.00% | LA | Yes |
| 25 | Youngstown State University | $64,400 | $13,500 | 377.00% | OH | Yes |
| 26 | University of New Haven | $64,600 | $39,770 | 62.00% | CT | Yes |
| 27 | Rochester Institute of Technology | $64,800 | $108,352 | -40.00% | NY | Yes |
| 28 | Creighton University | $65,000 | $33,234 | 96.00% | NE | Yes |
| 29 | Tennessee Technological University | $66,800 | $54,000 | 24.00% | TN | Yes |
| 30 | Robert Morris University | $67,000 | $33,750 | 99.00% | PA | Yes |
| 31 | Western Washington University | $67,100 | $48,448 | 38.00% | WA | No |
| 32 | Northern Arizona University | $68,100 | $24,640 | 176.00% | AZ | Yes |
| 33 | University of New Orleans | $69,100 | $31,746 | 118.00% | LA | No |
| 34 | Sam Houston State University | $69,200 | $21,147 | 227.00% | TX | Yes |
| 35 | University of North Texas | $72,545 | $52,268 | 39.00% | TX | Yes |
| 36 | University of Nebraska at Kearney | $73,150 | $13,293 | 450.00% | NE | Yes |
| 37 | Old Dominion University | $75,800 | $31,564 | 140.00% | VA | Yes |
| 38 | California State University, Sacramento | $76,000 | $25,260 | 201.00% | CA | Yes |
| 39 | Ball State University | $76,400 | $21,197 | 260.00% | IN | Yes |
| 40 | California State University, East Bay | $76,600 | $28,000 | 174.00% | CA | Yes |
| 41 | Illinois State University | $76,900 | $20,050 | 284.00% | IL | No |
| 42 | California State University, Northridge | $77,400 | $30,897 | 151.00% | CA | No |
| 42 | University of Baltimore | $77,400 | $35,128 | 120.00% | MD | Yes |
| 44 | Wake Forest University | $77,800 | $79,975 | -3.00% | NC | Yes |
| 45 | California State University, Bakersfield | $78,600 | $14,272 | 451.00% | CA | Yes |
| 46 | Texas Wesleyan University | $79,000 | $31,080 | 154.00% | TX | Yes |
| 47 | Baylor University | $79,176 | $85,692 | -8.00% | TX | Yes |
| 48 | Texas Woman's University | $79,925 | $20,000 | 300.00% | TX | Yes |
| 49 | State University of New York College at Oneonta | $81,000 | $25,064 | 223.00% | NY | No |
| 50 | California State University, Fullerton | $81,500 | $44,550 | 83.00% | CA | Yes |
What is the Average In-Person MBA Tuition for Insurance Programs?
If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.
The average in-state tuition for an MBA in Insurance is $42,946.26 compared to an average campus program Insurance is $42,946.26 .
The lowest AACSB tuition rate at $9,846.00 from University of North Georgia.
The highest AACSB tuition rate is $179,852.00 from University of Pennsylvania.
Average Tuition for In-Person MBA Programs in Insurance
- Average: $42,946.26
- Lowest: $9,846.00 from University of North Georgia
- Highest: $179,852.00 from University of Pennsylvania
10 Most Affordable MBA Programs in Insurance
- University of North Georgia - $9,846.00
- University of Nebraska at Kearney - $13,293.00
- Youngstown State University - $13,500.00
- California State University, Bakersfield - $14,272.00
- University of South Dakota - $14,892.00
- University of South Florida - $14,955.00
- Universidad Ana G. Mendez - Gurabo - $15,000.00
- Missouri State University - $15,108.00
- Eastern Kentucky University - $15,264.00
- Radford University - $15,984.00
10 Most Expensive MBA Programs in Insurance
- University of Pennsylvania - $179,852.00
- Stanford University - $165,591.00
- Rice University - $139,081.00
- Boston University - $124,248.00
- Texas Christian University - $115,380.00
- The George Washington University - $113,090.00
- Rochester Institute of Technology - $108,352.00
- The Ohio State University - $106,123.00
- University of Maryland - $98,865.00
- American University - $98,282.00
Interactive Table – Tuition for MBA Programs in Insurance Programs
Easily sort the interactive table below to find the best Insurance MBA programs by Tuition to find and to compare MBA programs in Insurance. Click on any school for a comprehensive school profile.
| Rank | University | In State Tuition | Avg. Starting Salary | ROI | State | Online |
|---|---|---|---|---|---|---|
| 1 | University of North Georgia | $9,846 | $56,500 | 474.00% | GA | Yes |
| 2 | University of Nebraska at Kearney | $13,293 | $73,150 | 450.00% | NE | Yes |
| 3 | Youngstown State University | $13,500 | $64,400 | 377.00% | OH | Yes |
| 4 | California State University, Bakersfield | $14,272 | $78,600 | 451.00% | CA | Yes |
| 5 | University of South Dakota | $14,892 | $47,553 | 219.00% | SD | Yes |
| 6 | University of South Florida | $14,955 | $55,714 | 273.00% | FL | Yes |
| 7 | Universidad Ana G. Mendez - Gurabo | $15,000 | $60,752 | 305.00% | PR | No |
| 8 | Missouri State University | $15,108 | $62,400 | 313.00% | MO | Yes |
| 9 | Eastern Kentucky University | $15,264 | $42,450 | 178.00% | KY | Yes |
| 10 | Radford University | $15,984 | $91,600 | 473.00% | VA | Yes |
| 11 | University of Montevallo | $16,140 | $61,950 | 284.00% | AL | Yes |
| 12 | Frostburg State University | $16,740 | $83,700 | 400.00% | MD | Yes |
| 13 | University of North Alabama | $16,830 | $60,000 | 257.00% | AL | Yes |
| 14 | Appalachian State University | $17,463 | $63,285 | 262.00% | NC | Yes |
| 15 | University of North Florida | $17,767 | $62,014 | 249.00% | FL | No |
| 16 | The University of Akron | $17,872 | $61,400 | 244.00% | OH | Yes |
| 17 | University of Arkansas at Little Rock | $18,071 | $63,300 | 250.00% | AR | Yes |
| 18 | University of Houston-Downtown | $18,623 | $82,273 | 342.00% | TX | Yes |
| 19 | Florida State University | $18,693 | $56,545 | 202.00% | FL | Yes |
| 20 | Indiana State University | $19,000 | $82,000 | 332.00% | IN | Yes |
| 21 | Weber State University | $19,908 | $84,900 | 326.00% | UT | Yes |
| 22 | Texas Woman's University | $20,000 | $79,925 | 300.00% | TX | Yes |
| 23 | Illinois State University | $20,050 | $76,900 | 284.00% | IL | No |
| 24 | University of Southern Maine | $20,370 | $87,535 | 330.00% | ME | Yes |
| 25 | Sam Houston State University | $21,147 | $69,200 | 227.00% | TX | Yes |
| 26 | Ball State University | $21,197 | $76,400 | 260.00% | IN | Yes |
| 27 | University of Nevada, Las Vegas | $21,784 | $93,820 | 331.00% | NV | Yes |
| 28 | Saint Xavier University | $22,500 | $96,302 | 328.00% | IL | No |
| 29 | The University of Iowa | $23,453 | $112,820 | 381.00% | IA | No |
| 30 | Winthrop University | $23,508 | $60,000 | 155.00% | SC | Yes |
| 31 | Prairie View A&M University | $23,699 | $60,500 | 155.00% | TX | No |
| 32 | University of Cincinnati | $23,996 | $87,013 | 263.00% | OH | Yes |
| 33 | Northern Arizona University | $24,640 | $68,100 | 176.00% | AZ | Yes |
| 34 | State University of New York College at Oneonta | $25,064 | $81,000 | 223.00% | NY | No |
| 35 | California State University, Sacramento | $25,260 | $76,000 | 201.00% | CA | Yes |
| 36 | The University of Mississippi | $25,914 | $60,977 | 135.00% | MS | Yes |
| 37 | Minnesota State University Moorhead | $26,220 | $85,000 | 224.00% | MN | Yes |
| 38 | University of South Carolina | $26,485 | $97,819 | 269.00% | SC | No |
| 39 | Middle Tennessee State University | $26,712 | $89,000 | 233.00% | TN | Yes |
| 40 | Bowling Green State University | $27,200 | $53,853 | 98.00% | OH | Yes |
| 41 | California State University, East Bay | $28,000 | $76,600 | 174.00% | CA | Yes |
| 42 | University of Wisconsin-Stevens Point | $28,224 | $58,350 | 107.00% | WI | No |
| 43 | St. Cloud State University | $28,969 | $81,800 | 182.00% | MN | Yes |
| 44 | University of Wisconsin Oshkosh | $29,168 | $87,400 | 200.00% | WI | Yes |
| 45 | California State Polytechnic University Pomona | $29,800 | $89,440 | 200.00% | CA | No |
| 46 | University of Hartford | $30,168 | $94,500 | 213.00% | CT | Yes |
| 47 | The University of Georgia | $30,606 | $120,510 | 294.00% | GA | Yes |
| 48 | California State University, Northridge | $30,897 | $77,400 | 151.00% | CA | No |
| 49 | Texas Wesleyan University | $31,080 | $79,000 | 154.00% | TX | Yes |
| 50 | University of Louisiana at Lafayette | $31,281 | $51,200 | 64.00% | LA | Yes |
What is the Average ROI for MBA Programs in Insurance?
Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.
By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.
For MBA programs in across the U.S., the ROI ranges from -40% to 588%.The lowest MBA ROI of -40% is from the program at Rochester Institute of Technology.The highest MBA ROI of 588% is offered by University of North Georgia.On average, MBA programs across the U.S. have an ROI of 186%.
Interactive Table – ROI for MBA Programs in Insurance Programs
Easily sort the interactive table below to find the best Insurance MBA programs by ROI to find and to compare MBA programs in Insurance. Click on any school for a comprehensive school profile.
| Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
|---|---|---|---|---|---|---|
| 1 | University of North Georgia | 474.00% | $9,846 | $56,500 | GA | Yes |
| 2 | Radford University | 473.00% | $15,984 | $91,600 | VA | Yes |
| 3 | California State University, Bakersfield | 451.00% | $14,272 | $78,600 | CA | Yes |
| 4 | University of Nebraska at Kearney | 450.00% | $13,293 | $73,150 | NE | Yes |
| 5 | Frostburg State University | 400.00% | $16,740 | $83,700 | MD | Yes |
| 6 | The University of Iowa | 381.00% | $23,453 | $112,820 | IA | No |
| 7 | Youngstown State University | 377.00% | $13,500 | $64,400 | OH | Yes |
| 8 | University of Houston-Downtown | 342.00% | $18,623 | $82,273 | TX | Yes |
| 9 | Indiana State University | 332.00% | $19,000 | $82,000 | IN | Yes |
| 10 | University of Nevada, Las Vegas | 331.00% | $21,784 | $93,820 | NV | Yes |
| 11 | University of Southern Maine | 330.00% | $20,370 | $87,535 | ME | Yes |
| 12 | Saint Xavier University | 328.00% | $22,500 | $96,302 | IL | No |
| 13 | Weber State University | 326.00% | $19,908 | $84,900 | UT | Yes |
| 14 | Missouri State University | 313.00% | $15,108 | $62,400 | MO | Yes |
| 15 | Universidad Ana G. Mendez - Gurabo | 305.00% | $15,000 | $60,752 | PR | No |
| 16 | Texas Woman's University | 300.00% | $20,000 | $79,925 | TX | Yes |
| 17 | The University of Georgia | 294.00% | $30,606 | $120,510 | GA | Yes |
| 18 | Illinois State University | 284.00% | $20,050 | $76,900 | IL | No |
| 18 | University of Montevallo | 284.00% | $16,140 | $61,950 | AL | Yes |
| 20 | University of South Florida | 273.00% | $14,955 | $55,714 | FL | Yes |
| 21 | University of South Carolina | 269.00% | $26,485 | $97,819 | SC | No |
| 22 | University of Cincinnati | 263.00% | $23,996 | $87,013 | OH | Yes |
| 23 | Appalachian State University | 262.00% | $17,463 | $63,285 | NC | Yes |
| 24 | Ball State University | 260.00% | $21,197 | $76,400 | IN | Yes |
| 25 | University of North Alabama | 257.00% | $16,830 | $60,000 | AL | Yes |
| 26 | University of Arkansas at Little Rock | 250.00% | $18,071 | $63,300 | AR | Yes |
| 27 | University of North Florida | 249.00% | $17,767 | $62,014 | FL | No |
| 28 | The University of Akron | 244.00% | $17,872 | $61,400 | OH | Yes |
| 29 | The University of Texas at Dallas | 243.00% | $45,000 | $123,163 | TX | Yes |
| 30 | Middle Tennessee State University | 233.00% | $26,712 | $89,000 | TN | Yes |
| 31 | Sam Houston State University | 227.00% | $21,147 | $69,200 | TX | Yes |
| 32 | Minnesota State University Moorhead | 224.00% | $26,220 | $85,000 | MN | Yes |
| 33 | State University of New York College at Oneonta | 223.00% | $25,064 | $81,000 | NY | No |
| 34 | University of South Dakota | 219.00% | $14,892 | $47,553 | SD | Yes |
| 35 | University of Hartford | 213.00% | $30,168 | $94,500 | CT | Yes |
| 36 | Florida State University | 202.00% | $18,693 | $56,545 | FL | Yes |
| 37 | California State University, Sacramento | 201.00% | $25,260 | $76,000 | CA | Yes |
| 38 | California State Polytechnic University Pomona | 200.00% | $29,800 | $89,440 | CA | No |
| 38 | University of Wisconsin Oshkosh | 200.00% | $29,168 | $87,400 | WI | Yes |
| 40 | St. Cloud State University | 182.00% | $28,969 | $81,800 | MN | Yes |
| 41 | Eastern Kentucky University | 178.00% | $15,264 | $42,450 | KY | Yes |
| 42 | Northern Arizona University | 176.00% | $24,640 | $68,100 | AZ | Yes |
| 43 | University of Minnesota Duluth | 175.00% | $33,798 | $92,953 | MN | No |
| 44 | California State University, East Bay | 174.00% | $28,000 | $76,600 | CA | Yes |
| 45 | Shenandoah University | 158.00% | $34,848 | $89,900 | VA | No |
| 46 | Georgia State University | 156.00% | $36,522 | $93,600 | GA | Yes |
| 47 | Prairie View A&M University | 155.00% | $23,699 | $60,500 | TX | No |
| 47 | Winthrop University | 155.00% | $23,508 | $60,000 | SC | Yes |
| 49 | Texas Wesleyan University | 154.00% | $31,080 | $79,000 | TX | Yes |
| 50 | California State University, Northridge | 151.00% | $30,897 | $77,400 | CA | No |
| 51 | Old Dominion University | 140.00% | $31,564 | $75,800 | VA | Yes |
| 52 | The University of Mississippi | 135.00% | $25,914 | $60,977 | MS | Yes |
| 53 | University of Baltimore | 120.00% | $35,128 | $77,400 | MD | Yes |
| 54 | University of New Orleans | 118.00% | $31,746 | $69,100 | LA | No |
| 55 | Saint Joseph's University | 114.00% | $42,912 | $92,000 | PA | Yes |
| 55 | University of Wisconsin-Madison | 114.00% | $55,575 | $118,983 | WI | Yes |
| 57 | University of Wisconsin-Stevens Point | 107.00% | $28,224 | $58,350 | WI | No |
| 58 | Worcester Polytechnic Institute | 104.00% | $48,300 | $98,523 | MA | Yes |
| 59 | Robert Morris University | 99.00% | $33,750 | $67,000 | PA | Yes |
| 60 | Bowling Green State University | 98.00% | $27,200 | $53,853 | OH | Yes |
| 61 | Creighton University | 96.00% | $33,234 | $65,000 | NE | Yes |
| 62 | Marquette University | 95.00% | $46,620 | $90,700 | WI | Yes |
| 63 | California State University, Fullerton | 83.00% | $44,550 | $81,500 | CA | Yes |
| 64 | The College of New Jersey | 78.00% | $50,482 | $90,000 | NJ | No |
| 65 | Le Moyne College | 70.00% | $35,952 | $61,100 | NY | No |
| 66 | University of St. Thomas-Minnesota | 67.00% | $61,596 | $102,900 | MN | Yes |
| 67 | University of Louisiana at Lafayette | 64.00% | $31,281 | $51,200 | LA | Yes |
| 68 | University of New Haven | 62.00% | $39,770 | $64,600 | CT | Yes |
| 69 | Temple University | 60.00% | $60,000 | $95,989 | PA | Yes |
| 70 | Butler University | 51.00% | $39,000 | $59,000 | IN | Yes |
| 71 | Stockton University | 44.00% | $33,012 | $47,700 | NJ | No |
| 72 | University of North Texas | 39.00% | $52,268 | $72,545 | TX | Yes |
| 73 | Western Washington University | 38.00% | $48,448 | $67,100 | WA | No |
| 74 | Louisiana State University | 27.00% | $50,486 | $64,142 | LA | Yes |
| 75 | Tennessee Technological University | 24.00% | $54,000 | $66,800 | TN | Yes |
| 76 | Illinois Institute of Technology | 22.00% | $67,690 | $82,352 | IL | Yes |
| 76 | University of Maryland | 22.00% | $98,865 | $121,103 | MD | Yes |
| 78 | Hult International Business School | 21.00% | $85,000 | $102,928 | MA | Yes |
| 79 | Stanford University | 10.00% | $165,591 | $182,272 | CA | No |
| 80 | American University | 8.00% | $98,282 | $105,666 | DC | Yes |
| 81 | The George Washington University | 3.00% | $113,090 | $115,951 | DC | No |
| 82 | Rice University | 2.00% | $139,081 | $142,212 | TX | Yes |
| 83 | The Ohio State University | 1.00% | $106,123 | $106,779 | OH | Yes |
ROI for MBA Programs
- Average: 186%
- Lowest: -40%
- Highest: 588%
10 Highest ROI for MBA Programs in Insurance
- University of North Georgia - 474.00%
- Radford University - 473.00%
- California State University, Bakersfield - 451.00%
- University of Nebraska at Kearney - 450.00%
- Frostburg State University - 400.00%
- The University of Iowa - 381.00%
- Youngstown State University - 377.00%
- University of Houston-Downtown - 342.00%
- Indiana State University - 332.00%
- University of Nevada, Las Vegas - 331.00%
10 Lowest ROI for MBA Programs in Insurance
- The Ohio State University - 1.00%
- Rice University - 2.00%
- The George Washington University - 3.00%
- American University - 8.00%
- Stanford University - 10.00%
- Hult International Business School - 21.00%
- Illinois Institute of Technology - 22.00%
- University of Maryland - 22.00%
- Tennessee Technological University - 24.00%
- Louisiana State University - 27.00%
What is the Average GMAT Score Needed for an MBA Program in Insurance?
The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.
Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Insurance is 569 with a highest of 737 and the lowest of 399
The average GMAT score needed for a Insurance MBA program from an institution is between 399 from University of New Haven to 737 from Stanford University. The average GMAT scores for Insurance MBA programs is 569.
It’s important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it’s best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate’s undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score. The average GMAT Score for on-campus MBA programs in Insurance is a 568.90 compared to an average MBA program score of 568.90. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.
Average GMAT Score for MBA Programs in Insurance
- Average: 569
- Lowest: 399
- Highest: 737
10 Lowest GMAT for MBA Programs in Insurance
- University of New Haven - 399
- Radford University - 438
- Tennessee Technological University - 440
- University of North Texas - 442
- University of North Alabama - 447
- Stockton University - 454
- Sam Houston State University - 456
- Le Moyne College - 460
- Robert Morris University - 471
- University of Nebraska at Kearney - 490
10 Highest GMAT for MBA Programs in Insurance
- Stanford University - 737
- University of Pennsylvania - 733
- Rice University - 710
- The University of Texas at Dallas - 689
- Indiana State University - 685
- Boston University - 683
- University of St. Thomas-Minnesota - 680
- The University of Georgia - 672
- The Ohio State University - 672
- University of South Carolina - 670
No GMAT or GRE: Best MBA Programs in Insurance
More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.
Alumni from Schools Offering an MBA in Insurance
There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.
The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.
Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.
For Insurance MBA programs, the range for full-time enrollment is between 6 and 3,836. For part-time enrollment, the range is between : 19.00 and : 3,008.00.
Average Enrollment for MBA Programs Offering an MBA in Insurance
- Lowest: 6 from The College of New Jersey
- Highest: 3,836 from The University of Texas at Dallas
- Average: 346 from 96 MBA Programs.
10 MBA Programs with the Highest Enrollment (Alumni)
- The University of Texas at Dallas - 3,836
- University of North Texas - 1,679
- Boston University - 1,590
- University of New Haven - 1,192
- University of South Florida - 1,110
- Georgia State University - 998
- Stanford University - 957
- Rice University - 833
- Saint Joseph's University - 807
- The George Washington University - 712
10 MBA Programs with the Smallest Enrollment (Alumni)
- The College of New Jersey - 6
- University of Nebraska at Kearney - 9
- Minnesota State University Moorhead - 11
- University of North Georgia - 13
- Sam Houston State University - 20
- University of Wisconsin Oshkosh - 21
- University of Wisconsin-Stevens Point - 28
- University of Minnesota Duluth - 28
- Texas Wesleyan University - 32
- Western Washington University - 33
Student / Faculty Ratio for MBA Programs in Insurance
For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Insurance Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.
Top 10 Concentrations Available from Schools Also Offering an Degree in Insurance?
Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Insurance businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:
- Insurance: 91
- Management: 83
- Finance: 82
- General Business: 80
- Accounting: 78
- Marketing: 77
- Corporate Finance: 76
- Data Analytics: 62
- Information Systems: 54
- International Business: 48
Here are the top schools offering the widest variety of concentrations to choose from:
- David B. O’Maley College of Business: 30
- Nova Southeastern University: 25
- University of Cincinnati: 24
- Suffolk University: 23
- Drexel University: 23
- Temple University: 23
- Harvard University: 23
- Georgia State University: 22
- The Ohio State University: 22
- University of Baltimore: 22
The Importance of MBA Accreditation for MBA Programs
The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.
AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.
MBA Program Options Available for Insurance MBA Programs
Options for earning your Insurance MBA have never been more flexible. Insurance MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.
There are 96 Insurance accredited MBA programs. 4 private and 63 public schools offering Insurance MBA programs.
Number of Award Earned for MBA Programs Offering an Insurance Degree
The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.
Of the 96 accredited MBA programs offered in Insurance, 88 of them have been recognized by at least one distinguished publication MBAGuide, PQ, US News, Forbes, BW, FT and Economist garnering an award as one of the best MBA programs in the country.
- Stanford University: 7
- University of Pennsylvania: 7
- University of Maryland: 7
- Rice University: 7
- University of Wisconsin-Madison: 7
- The Ohio State University: 7
- Boston University: 7
- The George Washington University: 7
- The University of Iowa: 7
- The University of Texas at Dallas: 6
- The University of Georgia: 6
- Temple University: 6
- Texas Christian University: 5
- University of South Carolina: 5
- Louisiana State University: 4
- The University of Mississippi: 4
- Baylor University: 4
- American University: 4
- University of Cincinnati: 4
- Rochester Institute of Technology: 4
Publications and the number of awards granted for an MBA degree in Insurance :
- MBAGuide: 88
- US News: 19
- Forbes: 15
- BW: 17
- FT: 12
- Economist: 12
How We Rank the Best MBA Programs in Insurance
MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.
Best MBA Programs by Concentration: Online and In-Person
- Accounting – Online | In-Person
- Actuarial Science – Online | In-Person
- Arts – Online | In-Person
- Business Administration – Online | In-Person
- Communications – Online | In-Person
- Consulting – Online | In-Person
- Corporate Finance – Online | In-Person
- Cybersecurity – Online | In-Person
- Data Analytics – Online | In-Person
- E-Commerce – Online | In-Person
- Economics – Online | In-Person
- Education – Online | In-Person
- Energy – Online | In-Person
- Engineering – Online | In-Person
- Entrepreneurship – Online | In-Person
- Ethics – Online | In-Person
- Finance – Online | In-Person
- Financial Management – Online | In-Person
- Global Management – Online | In-Person
- Healthcare Administration – Online | In-Person
- Hospitality Management – Online | In-Person
- Human Resources – Online | In-Person
- Information Systems – Online | In-Person
- Innovation Management – Online | In-Person
- Insurance – Online | In-Person
- International Business – Online | In-Person
- Law – JD MBA – Online | In-Person
- Leadership – Online | In-Person
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What is an MBA in Insurance & Risk Management?
The MBA in Risk Management and Insurance (RMI) teaches B-students how to fully analyze the risks and rewards of certain business decision, from startup to expansion. Whether it’s mergers and acquisitions, globalization, or simply adopting a lean operation strategy, every firm must weigh the potential risks and rewards associated with a new business venture. An MBA in RMI provides students with a full suite of skills that include a solid understanding of business principles combined with specialized study in corporate risk management and insurance.
This no-nonsense specialization offers ample opportunity for graduates to work with top firms including Enst & Young, PwC, Liberty Mutual Insurance, Metlife, New York Life, etc. With most AACSB-approved MBA programs offering a strong core curriculum in business, the Risk Management & Insurance concentration provides a more analytical approach to high-level business decisions. A B-Student armed with a graduate degree in RMI will have both the quantitative and qualitative proficiency to make sound recommendations to C-level executives at some of the most prominent Fortune 500 companies.
Throughout their course of study, RMI B-Students are exposed to faculty, staff, and industry leaders that hold positions in risk management, insurance operations, and consulting. MBA graduates specializing in risk management and insurance are placed at leading Fortune 500 firms across the country and are poised to make a six-figure salary only a few years into the profession. In other words, the sky’s the limit for AACSB-accredited MBA graduates in Risk Management and Insurance.
Difference Between an MBA in Insurance and a Master’s in Insurance
The MBA is a broader degree and generally addresses the for-profit, corporate or entrepreneurial arena comprising of multiple aspects of business. A Master of Insurance program focuses more specifically on the finances of the company. Your personal career goals should determine which type of program would most benefit you.
Obtaining an MBA degree is an important step to land above an entry level job in most companies. MBA coursework teaches a wide spectrum of topics with emphasis on how to manage within each segment of a company such as development, accounting, human resources, and operations. MBA programs prepare students for management positions in many industries.
The Masters of Insurance is targeted to students seeking to focus on finance related fields or obtaining higher level financial stewardship within a larger organization. Programs review finance concepts in a more comprehensive manner, with courses in higher level mathematics, quantitative finance, investing, financial markets, financial analysis, statement generation and reporting, and stock valuation. Master of Insurance programs tend to be shorter in duration, usually last one full-time year of study.
Career Outlook, Job Opportunities, Roles, Industries for a Insurance MBA
What’s the Career Outlook for Insurance Executives?
According to the Bureau of Labor Statistics (BLS), employment of actuaries is projected to grow 22% through 2026, much faster than the average for all occupations. Actuaries assess risk and are leading candidates for most consulting positions at major firms. There will be plenty of job opportunities available for Actuaries interested in working at some of the most established insurance firms across the U.S.
The median annual wage for actuaries is $100,610 with the highest 10% earning more than $186,250. Business professionals in risk management, insurance, consulting, banking or finance will have ample opportunity to penetrate an industry where highly-quantitative analysts from leading institutions seek entry into manager-in-training programs.
| Sector | Avg. Salary |
|---|---|
| Professional, scientific, and technical services | $104,550 |
| Finance and insurance | $101,120 |
| Government | $95,550 |
| Management of companies and enterprises | $93,370 |
Where Do Insurance Managers with an MBA Work?
The skills developed during an MBA in Insurance program translate well into many other professions. An MBA Program in Risk Management and Insurance will prepare B-Students to be successful in a variety of roles. They include actuary, insurance agent, broker, account executive, consultant, risk manager, sales executive, etc. An accredited AACSB-MBA program, with the help of well-connected faculty and staff,, will prepare B-Students for leadership roles at top firms needing risk management and insurance leaders.
Here is a list of some of the career opportunities available to MBA in Insurance graduates:
- Health insurance actuaries help predict and analyze the anticipated revenue/costs from health insurance premiums. In the booming healthcare industry, insurance professionals have the dual responsibility of managing policy changes and assessing the risk of adopting certain insurance companies.
- Life insurance actuaries whether it’s whole life, term, or annuity insurance plans, a life insurance actuaries helps assess risk and suggest adoption, retention, and termination of certain insurance providers. Most of the time, life insurance actuaries work as consultants/independent contractors analyzing the risks associated with adopting certain policies.
- Property and casualty insurance actuaries are the key players behind developing, implementing, and managing insurance policies that help employees against property loss and liability claims. Whether it’s protecting your home from a forest fire or protecting oneself against litigation during an automobile accident, insurance actuaries provide a host of insurances to the policyholder in case of an unforeseen event or accident.
- Corporate actuaries are the experts that assess risk and rewards associated with a company’s investment. They crunch the numbers and determine whether or not the next business venture would yield a positive or negative return on investment. Most of the time, they conduct break-even analysis and project some of the financials associated with a new venture.
- Pension and retirement benefits actuaries Whether it’s setting up initial employee benefit packages that include 401K plans to new hires or develop the pensions for retired employees, the benefits actuary has a responsibility to report their information to the government. They are the guardians of all employee benefits and report their findings to the government to ensure proper record keeping of company insurance policies.
- Enterprise risk actuaries help analyze the internal and external risks associated with doing business. Whether it’s investing in a new business location, buying a competitor to secure control over the marketplace, or simply launching a new product right in time for the holidays, enterprise risk actuaries quantitatively assess risk for their employer.
What Skills Do I Need to be Successful In Insurance?
| Sector | Description |
|---|---|
| Analytical skills | Risk management and insurance actuaries have to juggle all types of information. They need to be able to interpret high-level data and make sound decisions based on the best interest of the company. They need to interpret information from financial statements and suggest the best course of action. |
| Communication skills | Actuaries, whether they’re discussing a break-even analysis with the executive team or conducting a presentation on the viability of a new acquisition, need to express their ideas in a clear, concise manner to internal and external stakeholders. |
| Detail oriented | Insurance professionals must produce error-free work at all times. Whether it’s the CEO or the new investor, actuaries are responsible for putting together highly complex financial information that must be accurate, relevant, and timely. |
| Interpersonal skills | Insurance actuaries are the managers responsible for guiding the direction of the company. They have the responsibility of delivering their findings about certain company risks in an effective manner. The welfare of a company depends on the ability to concisely disseminate information to certain company stakeholder. |
| Leadership skills | These managers need to have the tough conversation with high-level executives. They have to push the direction of the company if they feel it’s in the best interest of their organization. This may mean some tough decision around staff, resources, and the overall direction of the company. |
| Technical skills | Technology is always changing, whether it’s how we keep track of sensitive company data or how we manage the interactions with customers. An actuary has to keep up-to-date with the latest industry technology in order to ensure accurate forecasting. |
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Jessa Cast is a professional freelance writer and editor whose experience includes several years of published magazine articles and two edited books, among other writing and editing projects. She is skilled in conducting research and interviewing subjects, copy and content editing, event planning, and using the Microsoft suite, as well as a variety of freelance business assistance offerings. She earned a Master of Business Administration (MBA)
