Insurance

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Total Degrees
Awarded in 2017

2,513

declining 0.199%

Median In-State
Public Tuition

$7,231

growing 6.51%

Median Out-of-State
Private Tuition

$30,795

declining 4.7%

Average Wage

$90,364

growing 2.64%

People in Workforce

11.2M

growing 3.01%

Average Employee Age

43.7

declining 0.00684%

About

The locations with the highest concentration of Insurance degree recipients are Athens-Clarke County unified government (balance), GA, Philadelphia, PA, and Columbia, SC. The locations with a relatively high number of Insurance degree recipients are Olivet, MI, Athens-Clarke County unified government (balance), GA, and Boone, NC. The most common degree awarded to students studying Insurance is a bachelors degree.

Business Insurance

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 Olivet College and American College of Financial Services have the highest percentage of degrees awarded in Insurance.

Tuition costs for Insurance majors are, on average, $7,231 for in-state public colleges, and $30,795 for out of state private colleges.

The most common sector, by number of institutions, that offers Insurance programs are Public, 4-year or above institutions (38 total). The most common sector, by number of degrees awarded, is Private not-for-profit, 4-year or above (1,314 completions).

Institutions

Institution with the Most Degrees Awarded in Insurance

The most common sector, by number of degrees awarded in Insurance, is Private not-for-profit, 4-year or above (1,314 completions).

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

$7,231

Median In-State Public

$30,795

Median Out of State Private

American College of Financial Services has the most Insurance degree recipients, with 1,016 degrees awarded in 2017.

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

Olivet College
22.7%
American College of Financial Services
22.6%
Kent State University at Salem
3.93%

Out of all institutions that offer Insurance programs and have at least 5 graduates in those programs, Olivet College and American College of Financial Services have the highest percentage of degrees awarded in Insurance, with 22.7% and 22.6%, respectively.

Degrees Awarded by County

Counties with the Most Degrees Awarded in Insurance

This map shows the counties in the United States colored by the highest number of degrees awarded in Insurance by year.

Growth in Awarded Degrees

Counties with the Fastest Growing Number of Degrees Awarded

This map shows the counties in the United States colored by the highest growth in degrees awarded for Insurance.

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 $90,364 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

The industry that employs the most Business majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Oil & gas extraction.

Wages

Yearly Income for Common Jobs

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

$90,364

Average Wage in Workforce

± $682

2.64%

1 Year Growth

± 1.04%

The average salary for Business majors is $90,364 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.

Occupations

Most Common

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

The most common occupations 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, Cardiovascular technologists and technicians, and Physicians.

Occupations by Share

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

11.2M

2018 Workforce

± 79,128

3.01%

1 Year Growth

± 0.975%

The number of Business graduates in the workforce has been growing at a rate of 3.01%, from 10.9M in 2017 to 11.2M in 2018.

The largest single share of Business graduates go on to work as Accountants & auditors (10.3%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

Industries

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 Elementary & secondary schools, Accounting, tax preparation, bookkeeping & payroll services, and Banking & related activities.

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 Oil & gas extraction, Computer & peripheral equipment manufacturing, and Securities, commodities, funds, trusts & other financial investments.

Industries by Share

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

11.2M

2018 Workforce

± 79,128

3.01%

1 Year Growth

± 0.975%

The number of Business graduates in the workforce has been growing at a rate of 3.01%, from 10.9M in 2017 to 11.2M in 2018.

The industry which employs the most Business graduates by share is Elementary & secondary schools, followed by Accounting, tax preparation, bookkeeping & payroll services. 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.

PUMAS with a relatively high number of Business majors

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 on those who earn a degree in Business in the US. The average age of a person in the workforce with a degree in Business is 43.7, and the most common degree type these workers hold is a Bachelors Degree. Male employees are more likely to hold Business degrees, and White students earn the majority (1,626) of the degrees.

Workforce Age

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

43.7

Average Age in 2018

± 0.0927 Years

0.00684%

1 Year Change

± 0.302%

This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 48 and 36 years old, which represent 2.69% and 2.67% of the population, respectively.

Degrees Awarded

The most common degree types awarded to students graduating in Insurance are Bachelors Degree, < 1 Year Postsecondary Certificate, and Masters Degree.

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.

Gender Imbalance for Common Institutions

Male (65.1%)

Most Common Gender with a Degree in this Field

This chart shows the granted degrees by gender at the 5 institutions that graduate the most students in Insurance.

Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

White
1,626 degrees awarded
Unknown
414 degrees awarded
Black or African American
122 degrees awarded

This chart shows the number of degrees awarded in Insurance for each race & ethnicity. White students earned the largest share of the degrees with this major.

Race & Ethnicity by Gender

Most Common Race/Ethnicity and Gender Combination

White Male
672 degree-grads_ethnicity_genders awarded
White Female
308 degree-grads_ethnicity_genders awarded
Hispanic or Latino Male
45 degree-grads_ethnicity_genders awarded

This chart illustrates the differences by gender for each race & ethnicity of Bachelors Degree recipients in Insurance. White Male students, who earn most of the degree-grads_ethnicity_genders in this field, are the most common combination of race/ethnicity and gender.

Global Diversity

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

Most Common Countries of Origin

India
170,115 degree recipients
Philippines
134,920 degree recipients
Mexico
131,608 degree recipients

High Relative Number of Students

Mongolia
3.79 times more than expected
Switzerland
2.96 times more than expected
Paraguay
2.87 times more than expected

There are a relatively high number of people that were born in Mongolia that hold Business degrees (3.79 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (170,115 degree recipients).

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 Speaking. The revealed comparative advantage (RCA) shows that Insurance majors need more than the average amount of Management of Financial Resources, Troubleshooting, and Negotiation.

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 Management of Financial Resources is very distinctive for majors, but the Speaking, Reading Comprehension, and Critical Thinking are the three most important skills for people in the field.