2025 Best Insurance Master's Degree Schools in the Great Lakes Region

You'll be studying one of the lesser sought-after majors if you pursue a Master's Degree in insurance. It is ranked #243 out of 343 major degree programs in terms of popularity. This may make is a little harder to find a school that is a good fit for you.

College Factual reviewed 2 schools in the Great Lakes Region to determine which ones were the best for master's degree seekers in the field of insurance. Combined, these schools handed out 37 master's degrees in insurance to qualified students.

Jump to one of the following sections: * Our Methodology

• Best Master’s Degree Schools List

Early-Career Earnings

One measure we use to determine the quality of a school is to look at the average salary of master's graduates during the early years of their career. That is, everyone wants their master's degree to be worth something, and salaries are one measure of determining that.

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 master'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 master's degree.
• Accreditation - Whether a school is regionally accredited and/or accredited by a recognized insurance related body.

Our complete ranking methodology documents in more detail how we consider these factors to identify the best schools for insurance students working on their master's degree.

One Size Does Not Fit All

When choosing the right school for you, it's important to arm yourself with all the facts you can. To that end, we've created a number of major-specific rankings, including this Best Insurance Master's Degree Schools in the Great Lakes Region list to help you make the college decision.

Best Schools for Master’s Students to Study Insurance in the Great Lakes Region

Below you'll see a list of the best colleges and universities for pursuing a master's degree in insurance.

Top Great Lakes Region Schools for a Master's in Insurance

1

Butler University
Indianapolis, IN

12 Annual Graduates

It's hard to beat Butler University if you want to pursue a master's degree in insurance. Butler is a medium-sized private not-for-profit university located in the large city of Indianapolis.More information about a master’s in insurance from Butler University

2

Olivet College
Olivet, MI

20 Annual Graduates

Olivet College is a wonderful option for students pursuing a master's degree in insurance. Located in the rural area of Olivet, Olivet is a private not-for-profit college with a fairly small student population.More information about a master’s in insurance from Olivet College

Best Insurance Colleges by State

Explore the best insurance schools for a specific state in the Great Lakes Region .

State	Colleges	Degrees Awarded
Michigan	211	14
Ohio	207	1
Indiana	191	18
Wisconsin	173	1

View All Rankings >

Rankings in Majors Related to Insurance

Insurance is one of 21 different types of Business, Management & Marketing programs to choose from.

Insurance Concentrations

Major	Annual Graduates
Insurance	37

Most Popular Majors Related to Insurance

Related Major	Annual Graduates
Business Administration & Management	15,707
Management Sciences & Quantitative Methods	7,639
General Business/Commerce	2,650
Accounting	1,646
Human Resource Management	947
Finance & Financial Management	815
Marketing	680
Management Information Systems	257
Other Business, Management & Marketing	110
Taxation	79

Notes and References

• 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).
• Credit for the banner image above goes to Nick Youngson. More about our data sources and methodologies.