Develop In-Demand Skills for an Evolving Insurance Industry
Offered on campus, online, or in a blended format, the Master of Science in Insurance Management at Boston University’s Metropolitan College (MET) is designed specifically for professionals who have earned the Chartered Property Casualty Underwriter (CPCU) designation. Those with the CPCU credential can achieve further distinction by complementing their demonstrated expertise in insurance issues with a mastery of forward-thinking management principles in accounting, finance, operations, and leadership. The CPCU designation serves as a waiver for two courses, enabling students to earn the degree by completing just 32 credits.
As detailed in “The Insurance 2023 Vision,” a white paper by NTT DATA, traditional insurance industry business models are facing challenges on several fronts, from climate change to emerging technologies, economic volatility, and global health crises. According to the report, “Amidst these uncertainties, there are opportunities for insurers to thrive by embracing key actions. These include accelerating IT transformation, orchestrating the insurance ecosystem, exploring new products, addressing environmental and social considerations, and mitigating digital risks. By adopting these strategies, insurers can leverage data, enhance customer experiences, promote sustainability, and bridge the cyber insurance protection gap.”
The MS in Insurance Management provides an opportunity to develop critical business skills that will help practitioners prepare for the evolving insurance landscape, including several concentrations that focus on areas of high industry demand:
- Applied Business Analytics
- Corporate Finance
- Project, Program & Portfolio Management
- Supply Chain Management
Program at a Glance
- Top 10 Online Program
- Online and On Campus
- 32 Credits
- 16 Months to Completion
- 8 Core Faculty
- No GRE/GMAT
- Tuition & Fees Range—Part-Time Study*: $29,120–$30,800
*Based on 2023–2024 Boston University tuition and fees. Merit scholarship may reduce cost.
Advance Your Career in Insurance Management
The MS in Insurance Management is ideal for professionals who hold positions such as underwriter, senior underwriter, underwriting manager, underwriting quality review auditor, product specialist, operations specialist, claims adjuster, claims specialist or manager, and account executive, as well as other members of the insurance ecosystem (such as insurance risk managers, consultants, business developers, relationship managers, management analysts, and insurance data analysts) who wish to gain a broad graduate-level education in management that complements their expertise. Students hone their ability to anticipate and solve challenges that span the legal, ethical, financial, and global aspects of the insurance business while developing valuable skills in business analytics, enterprise risk analytics and management, project management, decision-making, finance, and innovation. Graduates of the master’s in Insurance Management program will be poised to put their leadership abilities to work in their organization.
#6, Best Online Master's in Business Programs (Excluding MBA)
MET’s online master’s degrees in management are ranked #6 in the nation by U.S. News & World Report for 2024.Learn More
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“Earning a master’s was always something that I wanted to do. I chose Boston University because of the AACSB accreditation and its connection to my CPCU designation, which I earned in 2006.”—Allen Chaves (MET’23), Assistant VP, Personal Lines Product, Arbella Insurance
Why BU’s Insurance Management Degree is Ranked in the Top 10
- A Degree for CPCU Holders: Insurance professionals 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 eight courses, including optional concentrations in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; and Supply Chain Management.
- Active Learning Environment: BU MET’s Insurance Management program focuses on practical, hands-on education that introduces you to business principles such as business analytics, business continuity, ecommerce, finance, innovation, project management, supply chain management, and technology, ensuring that you develop the managerial insight and personal skills needed to be a leader in the field—education you can apply on the job.
- Career Counseling: MET’s Career Development office and BU’s Center for Career Development offer a variety of job-hunting resources, including one-on-one career counseling by appointment for both online and on-campus students.
- Engaged Faculty: In BU MET’s Insurance Management master’s program, you benefit from working closely with highly qualified faculty who draw from active research and substantial professional achievements in business and management fields.
- Extensive Network: Study principles of insurance management alongside industry peers, learn from faculty who have valuable business contacts, and benefit from an alumni community with strong professional connections.
- 15:1 Class Ratio: Enjoy an exceptional student-to-instructor ratio, ensuring close interaction with faculty and access to support.
- Valuable Resources: Make use of Boston University’s extensive resources, including the Center for Career Development, Educational Resource Center, Fitness & Recreation Center, IT Help Centers, Mugar Memorial Library, Center for Antiracist Research, Howard Thurman Center for Common Ground, George Sherman Union, and many others.
- Flexible Options: Study at the pace that works for you, evenings on campus or fully online. Courses begin fall, spring, and summer; online courses have two starts per term, for a total of six start opportunities per year.
- Track Record: Learn from the best—since 2014, BU MET’s part-time master’s programs in business and management have been ranked among the top in the nation by U.S. News & World Report.
- Merit Scholarships: US citizens and permanent residents are automatically considered during the application process and nominated based on eligibility. Learn more.
Gain a Competitive Edge in Insurance Management with a Master’s
Offered through BU MET’s Department of Administrative Sciences, the MS in Insurance Management builds upon the professional expertise of those who hold the Chartered Property Casualty Underwriter (CPCU) credential, cultivating the advanced management knowledge required to handle high-level responsibilities and to achieve career advancement. Holders of the CPCU credential can earn the master’s degree by completing just eight courses.
Students in the program have the option to concentrate in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management.
Graduate with Insurance Management Expertise
Students who complete the master’s degree in Insurance Management will be able to demonstrate:
- Business knowledge and competence in incorporating insurance management decisions in developing a company’s business strategy.
- Knowledge on how to position insurance management to the critical differentiators facing the insurance industry in the years ahead, such as (i) digital transformation of the insurance processes that can be automated; (ii) balancing the data management with the privacy concern of the customers; (iii) developing and implementing flexible business models for personalization by offering policies and prices to suit the needs and lifestyle of the individual; (iv) risk avoidance and positive reinforcement of behavior shaping; (v) knowledge on how to build hyper-connected solid customer communities online and offline; and (vi) knowledge on how to transform insurance offerings into integrated ecosystems to address customers’ lifestyle needs.
- Knowledge of crucial insurance management issues and tools needed for analyzing and defining the importance of insurance-related decisions and their implementation by the customers and the service providers.
Those who complete the Insurance Management master’s concentration in Applied Business Analytics will also be able to demonstrate:
- The knowledge and skills necessary to better utilize available information in operational, tactical, and strategic decision-making in organizations.
- Experience with various powerful emerging technologies and techniques for increasing the value of both in-house and third-party data sets.
- An understanding of how organizations are using interlinked data-inputs, analytics models, and decision-support tools to better understand their operations, customers, and markets.
- Expertise in web analytics and metrics, and the ability to procure and process unstructured text, and delve into hidden patterns within data sets.
- The ability to facilitate knowledge discovery using data mining and visualization techniques over vast amounts of data.
- Experience with building and assessing machine learning models.
Those who complete the Insurance Management master’s concentration in Corporate Finance will also be able to demonstrate:
- The ability to analyze financial statements and financial models.
- Skill in performing discounted cash flow analysis and valuation.
- Expertise in calculating net present values and internal rates of return.
- Understanding of investment rules and the ability to make capital investment decisions.
- Proficiency in risk analysis and capital budgeting.
- Understanding of the capital structure of the firm.
- The ability to use econometric methods to analyze financial data.
- The knowledge to analyze industry trends, regulations, and finance system participants.
- Comprehension of the significance and importance of ethical behavior in all aspects of business.
- The capacity to investigate and analyze how changing regulatory environment in the US and abroad impacts finance.
Those who complete the Insurance Management master’s concentration in Project, Program & Portfolio Management will also be able to:
- Evaluate critical success factors for projects and programs across industries, and use these factors to create project portfolios that align with strategic goals of the organization and describe best practices for managing such a portfolio.
- Construct a program management plan that describes best practices for the creation and management of programs and how to plan and coordinate resources, procurement, schedule, finance, risk, and change.
- Acquire in-depth practical knowledge of enterprise tools used in organizations to plan and manage a portfolio of programs and projects, and leverage project analytics data to make well-informed decisions.
Those who complete the Insurance Management master’s concentration in Supply Chain Management will also be able to demonstrate:
- An understanding of the importance of supply chain management decisions in developing a business strategy for a firm.
- Foundational knowledge in supply chain management and its core principles, including logistics operations and/or import/export operations, lean practices, and/or Six Sigma practices.
- Knowledge of key supply chain management issues and tools vital in analyzing supply chain decision problems.
BU MET graduate certificate programs can serve as building blocks to a master’s degree. Students currently enrolled in a graduate certificate who are interested in transitioning into a master’s degree should contact their academic advisor to declare their interest in this pathway. A new master’s degree application is not required. Connect with a graduate admissions advisor at email@example.com to learn more about this option.
The following graduate certificate programs have courses that may be applied to the Insurance Management master’s degree and its concentration areas:
- Graduate Certificate in Applied Business Analytics
- Graduate Certificate in Corporate Finance
- Graduate Certificate in Enterprise Risk Management
- Graduate Certificate in International Business Management (on campus only)
- Graduate Certificate in Project Management
- Graduate Certificate in Project, Program & Portfolio Management
- Graduate Certificate in Supply Chain Management
Master’s in Insurance Management Curriculum
A total of 32 credits is required.
The Boston University Metropolitan College Master of Science in Insurance Management consists of eight required courses, including four core management courses and four additional courses. Students have the option to choose a concentration in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management.
Students must demonstrate achievement of the Chartered Property Casualty Underwriter (CPCU) credential to be eligible.
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.
Core Required Courses
(Four courses/16 credits)
MET AD 632 Financial Concepts
MET AD 642 Project Management
MET AD 715 Quantitative and Qualitative Decision-Making
Plus one course chosen from the following:
MET AD 610 Enterprise Risk Management
MET AD 616 Enterprise Risk Analytics
MET AD 644 Project Risk and Cost Management
No Concentration (Electives)
(Four courses/16 credits)
Students not pursuing a concentration in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management must complete the degree core courses as well as four additional courses chosen with an advisor’s approval.
Concentration in Applied Business Analytics
(Four courses/16 credits)
Students pursuing a concentration in Applied Business Analytics must complete the degree core courses as well as the following concentration requirements:
MET AD 571 Business Analytics Foundations
Plus three of the following:
MET AD 616 Enterprise Risk Analytics
MET AD 654 Marketing Analytics
MET AD 688 Web Analytics for Business
MET AD 699 Data Mining for Business Analytics
Concentration in Corporate Finance
(Four courses/16 credits)
Students pursuing a concentration in Corporate Finance must complete the degree core courses as well as the following concentration requirements:
MET AD 630 Financial and Managerial Accounting
MET AD 678 Financial Regulation and Ethics
MET AD 685 Quantitative Methods for Finance
MET AD 731 Corporate Finance
Concentration in Project, Program & Portfolio Management
(Four courses/16 credits)
Students pursuing a concentration in Project, Program & Portfolio Management must complete the degree core courses as well as the following concentration requirements:
MET AD 646 Portfolio and Program Management
MET AD 782 Project Value Strategies
Plus one of the following:
MET AD 647 Project and Program Governance
MET AD 649 Agile Project Management
And one elective chosen with an advisor’s approval.
Concentration in Supply Chain Management
(Four courses/16 credits)
Students pursuing a concentration in Supply Chain Management must complete the degree core courses as well as the following concentration requirements:
MET AD 605 Operations Management: Business Process Fundamentals
MET AD 680 Global Supply Chains
Plus two of the following:
MET AD 690 Strategic Logistics Management
MET AD 734 Quality Management
MET AD 760 International Trade and Logistics
*Degree requirements may vary for those students transferring credits from previous coursework at Boston University or receiving course waivers due to professional designations.
Insurance Management Faculty
Associate Professor of the Practice Director of Digital Learning, Administrative Sciences Coordinator, Applied Business Analytics
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Tuition & Financial Assistance
Competitive TuitionOur part-time rates are substantially lower than those of the traditional, full-time residential programs yet provide access to the same high-quality BU education.
Comprehensive Financial AssistanceOur services include scholarships, graduate loans, and payment plans.
How Much Does This Program Cost?
Tuition, fees, and total program cost are determined by enrollment status. Course enrollment in this program is 1–2 courses (4–8 credits) in a semester, and tuition is charged as a part-time per-credit rate.
MS in Insurance Management (Online and On Campus)
|Courses per Semester
|Time to Degree
|Fees per Semester*
|Total Degree Cost*
*Based on 2023–2024 Boston University tuition & fee rates.
**Cost per credit is determined by course number (100–599 = $535/credit, 600–999 = $955/credit).