Insurance

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Median In-State
Public Tuition

$7,325

growing 2.33%

Median Out-of-State
Private Tuition

$36,865

growing 8.43%

Average Wage

$109,808

growing 3.8%

People in Workforce

12.2M

growing 2.33%

Average Employee Age

growing 0.32%

Information about the types of higher education institutions that grant degrees in Insurance and the types of students that study this field. American College of Financial Services awards the most degrees in Insurance in the US, but The University of Olivet and American College of Financial Services have the highest percentage of degrees awarded in Insurance.

Tuition costs for Insurance majors are, on average, $7,325 for in-state public colleges, and $36,865 for out of state private colleges.

The most common sector, by number of institutions, that offers Insurance programs are N/A institutions (N/A total). The most common sector, by number of degrees awarded, is Public, 4-year or above (1,235 completions).

Institutions

Institution with the Most Degrees Awarded in Insurance (2023)

American College of Financial Services
795 degrees awarded
University of Georgia
252 degrees awarded
Florida State University
116 degrees awarded

The most common sector, by number of degrees awarded in Insurance, is Public, 4-year or above (1,235 completions in 2023).

The following chart shows the share of universities that offer Insurance programs, by the total number of completions, colored and grouped by their sector.

Tuition Costs for Common Institutions

$7,325

Median In-State Public

$36,865

Median Out of State Private

American College of Financial Services has the most Insurance degree recipients, with 795 degrees awarded in 2023.

The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in Insurance.

Specialized Colleges

Highest Concentration Institution

The University of Olivet
19%
American College of Financial Services
16.4%
Butler University
2.44%

Out of all institutions that offer Insurance programs and have at least 5 graduates in those programs, The University of Olivet has the highest percentage of degrees awarded in Insurance, with 19%.

Employment

Information on the businesses and industries that employ Business graduates and on wages and locations for those in the field.

The average salary for Business majors is $109,808 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

The industry that employs the most Business majors is uninformed, though the highest paying industry, by average wage, is Securities, commodities, funds, trusts & other financial investments.

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

$109,808

Average Wage in Workforce

± $788

3.8%

1 Year Growth

± 0.985%

The average salary for Business majors is $109,808 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

This chart shows the average annual salaries of the most common occupations for Business majors.

Highest Paying Locations

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

Highest Paying Pumas

This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Business majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.

Most Common

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

The most common occupations for Business majors, by number of employees, are Accountants & auditors, Other managers, and Financial managers.

Most Specialized

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

Compared to other majors, there are an unusually high number of Business majors working as Accountants & auditors, Financial examiners, and Financial analysts.

Highest Paid

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

The highest paid occupations by median income for Business majors are Surgeons, Physicians, and Nuclear medicine technologists and medical dosimetrists.

Occupations by Share

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

12.2M

2023 Workforce

± 82,369

2.33%

1 Year Growth

± 0.936%

The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12M in 2022 to 12.2M in 2023.

The largest single share of Business graduates go on to work as Accountants & auditors (8.91%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

Most Common

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

The most common industries that employ Business majors, by number of employees, are uninformed, Elementary & secondary schools, and Computer Systems Design.

Highest Paid

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

The highest paying industries of Business majors, by average wage, are Securities, commodities, funds, trusts & other financial investments, Oil & gas extraction, and Computer & peripheral equipment manufacturing.

Industries by Share

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

12.2M

2023 Workforce

± 82,369

2.33%

1 Year Growth

± 0.936%

The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12M in 2022 to 12.2M in 2023.

The industry which employs the most Business graduates by share is uninformed, followed by Elementary & secondary schools. This visualization shows the industries that hire those who major in Business.

Specialty Locations

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Business majors.

Diversity

Demographic information for those who earn a degree in Business in the United States.

The average age of a person in the workforce with a degree in Business is 44.

N/A

Workforce Age

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

Average Age in 2023

± 0.0906 Years

0.32%

1 Year Change

± 0.291%

This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are N/A and N/A years old, which represent N/A% and N/A% of the population, respectively.

Workforce Degrees

The closest comparable data for the 6 Digit Course Insurance is from the 2 Digit Course Business.

The most common degree types held by the working population in Business are Bachelors Degree, Masters Degree, and Professional degree.

Skills

Data on the critical and distinctive skills necessary for those working in the Insurance field from the Bureau of Labor Statistics. Insurance majors need many skills, but most especially Reading Comprehension. The revealed comparative advantage (RCA) shows that Insurance majors need more than the average amount of N/A.

These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for Insurance majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of N/A is very distinctive for majors, but the Reading Comprehension, Active Listening, and Speaking are the three most important skills for people in the field.