Online Master of Science in Insurance Management
The Master of Science in Insurance Management is designed specifically for professionals who have earned designation as a Chartered Property Casualty Underwriter (CPCU).
The MS in Insurance Management is a unique opportunity for professionals who have acquired the CPCU credential to achieve further distinction by complementing their demonstrated expertise in insurance issues with a mastery of general management principles in accounting, finance, operations, and leadership.
By completing just eight courses, holders of the CPCU credential will gain the advanced management knowledge required to handle high-level responsibilities and to achieve career advancement.
With appropriate advanced planning, you can use program electives from your online Master of Science in Insurance Management to satisfy up to two required courses in an Administrative Sciences graduate certificate program—leaving only two additional courses to be completed in order to receive a graduate-level certificate.
Students who complete the master’s degree in Insurance Management will be able to demonstrate:
- Enhanced expertise in the insurance industry, with the addition of a focused business core that addresses the managerial aspects and personal skills needed to be a leader in the field.
- The business background necessary to complement insurance industry knowledge and provide strategic focus to a department or firm in the areas of ecommerce, innovation, technology, and business continuity.
- An appreciation of how the insurance industry impacts, and is impacted by, management decisions, global issues, and technical innovations.
Awards & Accreditations
Accredited member of AACSB International―The Association to Advance Collegiate Schools of Business
Why Choose BU’s Master of Science in Insurance Management?
- In 2021, Metropolitan College’s online master’s degrees in management were ranked #6 among the Best Online Master's in Business Programs (Excluding MBA) by U.S. News & World Report.
- Boston University is an accredited member of AACSB International―The Association to Advance Collegiate Schools of Business.
- Students who hold the Chartered Property Casualty Underwriter (CPCU) credential are able to build on their experience and earn a master’s degree in Insurance Management by completing just eight courses.
19% increase in jobs through 2026
$125,080 median annual pay in 2017
14% increase in jobs through 2026
$82,450 median annual pay in 2017
11% increase in jobs through 2026
$84,300 median annual pay in 2017
Operations Research Analysts
27% increase in jobs through 2026
$81,390 median annual pay in 2017
Business Continuity Planners
5–9% increase in jobs through 2026
$70,010 median annual pay in 2017
Accountants and Auditors
10% increase in jobs through 2026
$69,350 median annual pay in 2017
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2017-18 Edition
Boston University Metropolitan College (MET) offers competitive tuition rates that meet the needs of part-time students seeking an affordable education. These rates are substantially lower than those of the traditional, full-time residential programs yet provide access to the same high-quality BU education. To learn more about current tuition rates, visit the MET website.
Comprehensive financial assistance services are available at MET, including scholarships, graduate loans, and payment plans. There is no cost to apply for financial assistance, and you may qualify for a student loan regardless of your income. Learn more.
The Boston University Metropolitan College Master of Science in Insurance Management consists of eight required online courses (32 credits).* In addition, students must demonstrate achievement of the Chartered Property Casualty Underwriter (CPCU) credential.
*Degree requirements may vary for those students transferring credits from previous coursework at Boston University or receiving course waivers due to professional designations.
Students must complete the six core management courses and two additional courses. Boston University will recognize the CPCU as the equivalent of the specialization requirements for the Master of Science in Insurance Management.
(Six courses/24 credits)
METAD632 Financial Concepts
Introduction to the concepts, methods and problems of accounting and financial analysis. Includes accounting principles, measurement and disclosure issues, financial statement analysis, time value of money, cash flow projection and analysis, capital budgeting and project evaluation, bond and equity valuation, cost of capital and capital structure. 4 cr. [4 credits]
METAD642 Project Management
The course explores modern project management by providing an enterprise- level, experiential view of the discipline focused on connecting projects to the organization's mission, vision, and values. The theme of the course is applying key project management tools and techniques, through case-based group work, which will help students identify, analyze, and develop practical proposals to real-world issues. Groups select, plan, report, and then present on their project's scope, schedule, cost, risk, quality, and communications elements using tools such as the WBS, network diagram, PERT estimate, Gantt chart (including the use of MS Project), risk register, and heat map. Students also gain familiarity with important new concepts in project management: Agile frameworks, actionable sustainability thinking, and Benefits Realization Management, all of which will be important for their success not only in other graduate courses, but as they lead projects for their organizations so as to provide lasting, triple-bottom-line value. The course is aligned with the latest PMBOK? Guide from the Project Management Institute. [4 credits]
The course provides a detailed examination of the history of e-commerce, along with important concepts related to the ways that businesses can successfully use Internet and Web technology. Students are introduced to the concepts and problems associated with electronic commerce. Topics include comparison of e-commerce procedures, payment mechanisms, applications in different industry sectors, security, the challenges of starting and maintaining an electronic business site, as well as a comparison with traditional business practices. The development of a WordPress-themed website is a minor feature of the course. 4cr. [4 credits]
METAD655 International Business, Economics, and Cultures
This course considers macroeconomic factors of relevance to the firm: aggregate economic activity, cyclical movements, and fiscal and monetary policies. The course reviews the problems of decision-making relating to demand, production, costs, market structure, and price, and provides an analysis of the interplay between governments, economic systems, labor, and multinational corporations (MNCs). Topics include: the basis for the existence, organization, and growth of MNCs; a comparison of major economic and government systems; areas include the impact on the firm's business transactions and trade due to taxation, regulation, legal environments and labor influences. This course additionally investigates the relationship between the interaction of national culture and development. Topics range from developing nations' rain forest and species management to pollution generated by developed nations. Culture, policy, and development are also discussed in relation to the impact of the business interactions (agriculture, fishing, technology transfer, etc.) among developing and developed nations. [4 credits]
METAD715 Quantitative and Qualitative Decision-Making
Explores decision making and policy formulation in organizations. Includes goal setting and the planning process, rational models of decision making, evaluation of alternatives, prediction of outcomes, cost-benefit analysis, decision trees, uncertainty and risk assessment, and procedures for evaluation of outcomes. [4 credits]
METAD741 The Innovation Process: Developing New Products and Services
Addresses the specifics of new product and service development and fostering innovation and technology to increase performance. Topics include generating and screening initial ideas; assessing user needs and interests; forecasting results; launching, and improving products and programs; bringing innovation to commercial reality. [4 credits]
The four specialization courses are waived in lieu of the Chartered Property Casualty Underwriters (CPCU) designation.
(Two courses/8 credits)
Choose two additional Administrative Sciences graduate-level courses, with the advice of the Administrative Sciences department coordinator.
The following courses offered by other Metropolitan College departments are allowed with advisor approval:
This course is designed to help students understand and apply the nature of computer crime in the criminal justice field. Several theories (both micro-level and macro-level) will be presented and will be analyzed in depth and applied to computer crime cases both past and present. Students will see how major theories have been re-developed to be applied to computer crime, and by using these theories, students will both develop and explore different strategies for future law enforcement. Students will be presented with common types of fraudulent schemes, as well as several laws that have been enacted and developed specifically for computer crime. In addition, causes, victimization, legal issues, control strategies, and societal costs regarding the "computer-crime" problem will be explored and evaluated. [4 credits]
This course will include a general introduction to the overt as well as underlying ideology, history, reasons and causes of terrorism. Both domestic and international terrorism will be discussed. Domestic hate groups will also receive particular attention. The roles of politics and the media will be discussed. Students will be exposed to the philosophies of terrorists and terrorism. Counter terrorism will also be discussed at length. Students are expected to participate actively in the course. There will be written assignments, a midterm, a class presentation, and a final paper. [4 credits]
METCS634 Agile Software Development
This course provides students with a comprehensive overview of the principles, processes, and practices of agile software development. Students learn techniques for initiating, planning and executing on software development projects using agile methodologies. Students will obtain practical knowledge of agile development frameworks and be able to distinguish between agile and traditional project management methodologies. Students will learn how to apply agile tools and techniques in the software development lifecycle from project ideation to deployment, including establishing an agile team environment, roles and responsibilities, communication and reporting methods, and embracing change. We also leverage the guidelines outlined by the Project Management Institute for agile project development as a framework in this course. [4 credits]
METCS684 Enterprise Cybersecurity Management
METCS688 Web Analytics and Mining
The Web Analytics and Mining course covers the areas of web analytics, text mining, web mining, and practical application domains. The web analytics part of the course studies the metrics of web sites, their content, user behavior, and reporting. The text mining module covers the analysis of text including content extraction, string matching, clustering, classification, and recommendation systems. The web mining module studies how web crawlers process and index the content of web sites, how search works, and how results are ranked. Application areas mining the social web will be extensively investigated. Laboratory Course. Prerequisites: MET CS 544, or MET CS 555 or equivalent knowledge, or instructor's consent. [4 credits]
MET prioritizes the review and admission of applications submitted earlier in the rolling admission process. You are encouraged to submit your application as soon as possible and no later than the priority application deadlines for each term.
Applicants must have an earned bachelor’s degree, in any field of study, from a regionally accredited college/university (or the international equivalent) prior to enrollment at Metropolitan College. The following materials are required for a complete application:
Associate Professor and Chair, Administrative Sciences
PhD, Northeastern University; AM, Harvard University; MBA, Northeastern University; BA, Regis University
Associate Professor of the Practice of Administrative Sciences
PhD, MS, BS, Dresden University of Technology
Associate Professor, Administrative Sciences
EdD, Harvard University
SB, Massachusetts Institute of Technology (Alfred P. Sloan School of Management)
MS, Purdue University; BSEE, University of Massachusetts at Amherst
ME, Harvard Graduate School of Education; MBA, Massachusetts Institute of Technology; BA, Stanford University
To learn more or to contact an enrollment advisor before you get started, request information using the button below and tell us a little about yourself. Someone will be in touch to answer any questions you may have about the program and detail the next steps in earning your degree. You can also start your application or register for a course at Metropolitan College.