Michigan · Insurance

Best colleges for Insurance in Michigan

Ranked by graduate earnings

The University of Olivet, Ferris State University and Northwood University award the most Insurance degrees and certificates in Michigan: 16, 9 and 3 graduates a year (IPEDS 2024–25). 4 Michigan colleges offer Insurance and award 36 degrees and certificates a year in all.

The Insurance program focuses on the principles and practices of risk management and insurance, preparing students for careers in this essential sector of the economy. It is designed for individuals interested in understanding the…

Institutions
4
offering CIP 52.17
States offered
28
with a program page
Degrees / yr
36
IPEDS completions 2024–25
Median starting salary
$56,027
1 yr after graduation, College Scorecard
With earnings data
1
College Scorecard
Median net price
$24,986
IPEDS 2024–25
Avg graduation rate
42%
IPEDS 2024–25
State pay · Insurance Underwriters
$81,620
BLS OEWS May 2025

Top institution, ranked by graduate earnings

Ranked by median earnings one year after graduation (often called starting salary), College Scorecard. Programs with fewer than 20 graduates a year, a graduation rate under 30%, or online, degree-completion or graduate-only status rank after the rest.

Starting salary (1 yr): median earnings one year after graduation (often called starting salary), College Scorecard.
#InstitutionStarting salary (1 yr)Graduates / yrGrad rateNet priceMedian debt
1The University of Olivet
Olivet Private not-for-profit · Bachelor's degree Small program
$56,0271635%$21,946$24,710

Colleges awarding the most Insurance degrees in Michigan

Top 3 by graduates a year (IPEDS 2024–25 completions). Online, degree-completion and graduate-only schools, and schools with a graduation rate under 30% are listed in full below.

Graduates / yr: degrees and certificates awarded in a year, IPEDS completions. Starting salary (1 yr): median earnings one year after graduation (often called starting salary), College Scorecard.
#InstitutionGraduates / yrStarting salary (1 yr)
1The University of Olivet
Olivet Private not-for-profit
16$56,027
2Ferris State University
Big Rapids Public
9Not reported
3Northwood University
Midland Private not-for-profit
3Not reported
Show the other 1 Michigan colleges offering Insurance
InstitutionCityControlGraduates / yr
Lansing Community CollegeLansingPublic8

Career outlook

What this program leads to: Insurance Underwriters (SOC 13-2053).

Projected growth (2024–2034)
-2.6%
Decline
Openings / yr (US)
~8,200
BLS Employment Projections
US median wage
$79,880
typically Bachelor's degree

Top skills

Critical ThinkingActive ListeningWritingReading ComprehensionSpeakingActive Learning

What Insurance Underwriters earn in Michigan

Jobs in Michigan
2,590
BLS OEWS May 2025
State average pay
$81,620
median $77,380
Best-paying metro
$90,590
Ann Arbor, MI

Related careers

Insurance Sales Agents
$77,260 avg · 12,160 jobs
Claims Adjusters, Examiners, and Investigators
$79,640 avg · 6,640 jobs
Insurance Underwriters
$81,620 avg · 2,590 jobs
Compensation, Benefits, and Job Analysis Specialists
$83,750 avg · 2,480 jobs
Business Teachers, Postsecondary
$125,880 avg · 2,240 jobs
Compensation and Benefits Managers
$164,050 avg · 580 jobs

Common questions

Answers for students comparing Insurance programs in Michigan.

Which Michigan colleges award the most Insurance degrees?+

The University of Olivet (16 graduates a year), Ferris State University (9 graduates a year) and Northwood University (3 graduates a year) award the most Insurance degrees and certificates in Michigan, per IPEDS 2024–25 completions. In all, 4 Michigan colleges offer Insurance.

How much do Insurance Underwriters earn in Michigan?+

The average annual wage for Insurance Underwriters in Michigan is $81,620 (median $77,380), across about 2,590 jobs. Source: BLS OEWS, May 2025.

What is the focus of the Insurance program?+

The Insurance program focuses on the principles and practices of risk management and insurance, preparing students for careers in this essential sector of the economy. It is designed for individuals interested in understanding the…

What skills will I develop in this program?+

You will develop critical thinking, active listening, writing, reading comprehension, and related professional skills.

What is the job outlook for Insurance Underwriters?+

The national job outlook is about -2.6% growth with around 8,200 annual openings (BLS Employment Projections 2024–2034).

What is the typical education requirement?+

A Bachelor's degree is the typical entry-level education for this field (BLS).

About the data on this page

Every figure comes from an official federal or public source. Here is each one and the release it is currently on.

IPEDSFall 2025–26 release, published July 28, 2026
Enrollment, completions, graduation rates, tuition, financial aid, staffing, and finance for every U.S. institution in federal student aid programs.
College ScorecardJune 10, 2026 release (merged 2025–26 files)
Institution and field-of-study costs, graduate earnings, debt, completion, and admissions outcomes compiled from federal aid records, tax data, and IPEDS.
PSEO graduate earnings2019–21 graduation cohorts (release V4.13.0)
Earnings and employment outcomes of graduates by institution, degree level, and field of study, measured from state wage records.
BLS wages & outlookOEWS May 2025 release
Occupational employment and wage estimates plus 10-year job outlook, used to connect programs to real-world earnings.
FVT/GE program performanceProvisional preview, May 18, 2026 release
Program-level debt-to-earnings and earnings-premium measures behind the FVT/GE and STATS accountability frameworks.

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