Average Insurance Major Salary

Updated September 14, 2023

$47,420

$27,00010%

$47,420Median

$82,00090%

What is the average insurance major salary in the US?

As an insurance major graduate in the USA, you can expect to earn on average $47,420 per year or $22.8 per hour.While the top 10 percent make over $82,000 per year, the bottom 10 percent make under $27,000.insurance companies and finance companies have the most job opportunities for insurance majors.States with the highest salaries for insurance major graduates include New York, New Jersey, Massachusetts, Connecticut, and Washington.

Best Paying Cities

Washington, DC

$57,144

New York, NY

$56,941

Boston, MA

$55,021

Average Insurance Salary By Company

There is good job security for insurance major graduates. However, some industries offer better pay and benefit packages than others.Employers that have the highest concentration of job opportunities for insurance majors are insurance companies and finance companies.Companies like Deloitte or CDM Smith will get you the highest pay packages.If you can find a job at a company like AIG or Safeco Insurance, they also offer very competitive salaries for insurance major graduates.

Average Salary By Company

Rank	Company	Zippia Score	Average Insurance Salary
1	D 1.Deloitte	4.7	$71,106
2	C 2.CDM Smith	4.8	$68,318
3	A 3.AIG	4.5	$67,097
4	S 4.Safeco Insurance	4.5	$56,680
5	D 5.D.R. Horton	4.6	$56,667
6	M 6.Mutual of Omaha	4.7	$56,230
7	N 7.New York Life Insurance	4.5	$54,914
8	C 8.Chubb	4.3	$54,848
9	F 9.Family First Life	4.5	$54,527
10	W 10.World Financial Group	4.7	$54,363
11	P 11.Primerica Financial Services - Georgetown, Tx	3.5	$54,346
12	C 12.Combined Insurance	4.9	$53,896
13	S 13.Symmetry Financial Group	4.0	$52,869
14	M 14.Marsh LLC	4.5	$52,829
15	F 15.Fireman's Fund Insurance Company	4.5	$52,485
16	H 16.HealthMarkets	4.9	$52,418
17	P 17.PMA USA	4.2	$51,793
18	U 18.United Insurance Company of America	4.2	$51,595
19	M 19.MIEC	3.9	$51,444
20	A 20.American Income Life Insurance	4.2	$51,423

Average Insurance Major Salary By City

Across America, insurance major graduates make on average $47,420 annually or $22.8 hourly.Washington, DC reports the highest salaries for insurance major graduates at $57,144 per year.The average entry-level salary in Washington, DC is $32,000.Other top cities with competitive salaries are New York, NY, Boston, MA, San Francisco, CA, Seattle, WA, Hartford, CT, and Portland, OR.New York, New Jersey, Massachusetts, Connecticut, and Washington are the states with the highest payscale for insurance major graduates.On the other hand, Utah, Oklahoma, Louisiana, South Carolina, and Tennessee report the lowest wages for insurance major graduates.

Average Salary By Location

Rank	City	Average Insurance Salary	Salary Range
1	Washington, DC	$57,144	$33k $78k
2	New York, NY	$56,941	$33k $78k
3	Boston, MA	$55,021	$33k $78k
4	San Francisco, CA	$54,589	$33k $78k
5	Seattle, WA	$53,520	$33k $78k
6	Hartford, CT	$53,310	$33k $78k
7	Portland, OR	$50,231	$33k $78k
8	Baltimore, MD	$49,703	$33k $78k
9	Philadelphia, PA	$49,212	$33k $78k
10	Milwaukee, WI	$48,537	$33k $78k
11	Denver, CO	$48,127	$33k $78k
12	Minneapolis, MN	$47,748	$33k $78k
13	Chicago, IL	$47,380	$33k $78k
14	Detroit, MI	$47,173	$33k $78k
15	Richmond, VA	$47,090	$33k $78k
16	San Antonio, TX	$46,632	$33k $78k
17	Cleveland, OH	$46,604	$33k $78k
18	Raleigh, NC	$46,456	$33k $78k
19	Las Vegas, NV	$46,240	$33k $78k
20	Phoenix, AZ	$46,237	$33k $78k

Highest Paying Jobs For Insurance Majors

Rank	Job Title	Average Salary	Open Jobs
1	Senior Business Analyst	$96,843	129,426
2	Insurance Broker	$94,006	38,403
3	Commercial Analyst	$83,036	54,953
4	Loss Control Consultant	$82,202	38,787
5	Risk Analyst	$81,483	71,284
6	Implementation Consultant	$80,194	70,450
7	Product Analyst	$79,316	176,369
8	Business Analyst	$74,430	170,514
9	Data Analyst	$74,342	167,520
10	Analyst	$73,007	253,138
11	Benefits Advisor	$71,377	48,023
12	Finance Analyst	$69,887	138,600
13	Risk Management Specialist	$69,818	101,149
14	Management Analyst	$69,803	169,171
15	Account Executive	$69,618	205,561
16	Insurance Consultant	$68,669	42,383
17	Estimator	$67,161	12,567
18	Compensation Analyst	$66,487	19,344
19	Finance Advisor	$64,993	106,311
20	Life Insurance Agent	$62,552	68,781

Average Insurance Major Salary By Industry

The type of industry that an insurance major graduate works in can influence their earning potential.By looking at our data, we can see that finance companies, manufacturing companies, and insurance companies pay insurance major graduates well.finance companies pay insurance major graduates an average salary of $50,519, manufacturing companies pay $48,655, and insurance companies come in at $47,076.At $37,551, the average salary for insurance majors in the health care industry is lower than other industries.

Average Salary By Industry

Rank	Industry	Average Insurance Major Salary	Range
1	Finance	$50,519	$30k $67k
2	Manufacturing	$48,655	$30k $67k
3	Insurance	$47,076	$30k $67k
4	Government	$43,239	$30k $67k
5	Professional	$38,797	$30k $67k
6	Health Care	$37,551	$30k $67k

Salary History For Insurance Major Graduates

This data shows the national average salary between 2011-2020 among Insurance major graduates.

National Average

Insurance Major Salary By Experience Level

Average Salary By Experience Level Salaries By Experience Level

The salary for an insurance major graduate can range from $28,698 to $79,019 depending on the amount of work experience that the person has. Data on how experience level affects salary is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Experience Level	Avg. Salary	Hourly Rate
Entry-level average salary by experience level	$28,700	$13.80
Mid-level average salary by experience level	$48,400	$23.28
Senior-level average salary by experience level	$79,000	$37.99

Salaries For Related Majors

Rank	Major	Average Salary	Range
1	Project Management	$92,381	$30k $114k
2	Management Information Systems	$81,267	$30k $114k
3	Construction Management	$78,318	$30k $114k
4	Operations Management	$76,805	$30k $114k
5	Business Economics	$72,447	$30k $114k
6	Small Business Management	$70,935	$30k $114k
7	Management Science	$68,844	$30k $114k
8	Finance	$67,829	$30k $114k
9	Supply Chain Management	$61,407	$30k $114k
10	International Business	$58,124	$30k $114k
11	Human Resources Management	$57,738	$30k $114k
12	Real Estate	$56,531	$30k $114k
13	Management	$56,332	$30k $114k
14	Marketing	$56,295	$30k $114k
15	Accounting	$54,425	$30k $114k
16	Business	$50,670	$30k $114k
17	Specialized Sales And Merchandising	$48,480	$30k $114k
18	Business Communications	$44,181	$30k $114k
19	Hospitality Management	$43,446	$30k $114k
20	Secretarial And Administrative Science	$36,615	$30k $114k