Insurance Broker Education Requirements And Degrees

There are several education requirements to become an Insurance Broker. Insurance Brokers usually study Business, Insurance or Marketing. 64% of Insurance Brokers hold a Bachelor's Degree and 15% hold a Associate Degree. We found these by analyzing 4,456 Insurance Broker resumes to investigate the topic of Insurance Broker education more precisely.

The most common colleges for students to pursue their goal of becoming an Insurance Broker are University of Phoenix and Arizona State University.

For those who would rather stay in your pajamas during the day, we prepared some online courses that can help in Insurance Broker education paths.

We prepared a list of an Insurance Broker certifications that you should consider. The necessary certifications that Insurance Brokers must have to succeed are Certified Professional, Life and Health Insurance Program (CPLHI) and Certified Insurance Examiner (CIE).

What Degree Should I Get to Become an Insurance Broker ?

The most common degree for Insurance Brokers is Bachelor's Degree 64% of Insurance Brokers earn that degree. A close second is Associate Degree with 15% and rounding it off is High School Diploma with 8%.

  • Bachelors, 64%
  • Associate, 15%
  • High School Diploma, 8%
  • Masters, 7%
  • Other Degrees, 6%
Insurance Broker DegreePercentages
Bachelors63.9%
Associate15.0%
High School Diploma8.2%
Masters7.2%
Diploma2.4%

What Should I Major in to Become an Insurance Broker ?

Most Insurance Brokers, 34% to be exact, major in Business. Some other common majors for an Insurance Broker include Insurance and Marketing majors.

Insurance Broker MajorPercentages
Business34.3%
Insurance6.2%
Marketing5.9%
Finance5.5%
Psychology5.2%

Check Jobs That Match To Your Education

None
High School / GED
Associate
Bachelor's
Master's
Doctorate

Most Common Colleges for Insurance Broker

Here are the most common colleges for an Insurance Broker career in the US based on their resumes. Advocates often get their degree in University of Phoenix, Arizona State University, and California State University - San Bernardino .

University of Phoenix

Arizona State University

California State University - San Bernardino

University of South Florida

Ohio State University

Insurance Broker Common CollegePercentages
University of Phoenix15.85%
Arizona State University6.79%
California State University - San Bernardino6.42%
University of South Florida5.28%
Ohio State University5.28%

Average Insurance Broker Salary by Education Level

Insurance Brokers with a Masters degree earn more than those without, at $82,522 annually. With a Bachelors degree, Insurance Brokers earn a median annual income of $80,603 compared to $74,332 for Insurance Brokers with an Associate degree.

High School Diploma or Less

Some College/ Associate Degree

Bachelor's Degree

Master's Degree

Insurance Broker Education LevelInsurance Broker Salary
High School Diploma or Less$73,134
Some College/ Associate Degree$74,332
Bachelor's Degree$80,603
Master's Degree$82,522

Insurance Broker JOBS

10 Best Universities For Insurance Brokers

In a lot of cases, a higher education can mean a higher salary or even a better job. That's why we found out the best colleges for Insurance Brokers. We based this list on these metrics: admissions rate, retention rate, mean earnings of students working, ratio of working vs. non-working students 10 years after admission, average cost of attendance and median debt for graduates.

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

4. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

5. SUNY College at Oswego

Oswego, NY • Private

In-State Tuition
$8,440
Enrollment
7,039

6. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

7. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

8. University of Louisiana at Lafayette

Lafayette, LA • Private

In-State Tuition
$9,912
Enrollment
14,245

9. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

10. Butler University

Indianapolis, IN • Private

In-State Tuition
$41,120
Enrollment
4,553
RankSchoolLocation
1University of PennsylvaniaPhiladelphia, PA
2Boston UniversityBoston, MA
3University of Minnesota - Twin CitiesMinneapolis, MN
4Howard UniversityWashington, DC
5SUNY College at OswegoOswego, NY

20 Best Online Courses for Insurance Brokers

Sometimes things are just better when you get to stay in your pajamas all day. That includes school. We found top courses for Insurance Brokers from Udemy, Coursera, EDX, and ed2go that will help you advance in your career. Here are essential skills you need to be a Insurance Broker:

  • New Clients
  • Life Insurance
  • Insurance Companies
If you want to improve Insurance Brokers skills these courses could help you in this.

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Best Insurance Broker Certifications in 2022

1. Certified Professional, Life and Health Insurance Program (CPLHI)

The Certified Professional, Life and Health Insurance Program (CPLHI) Program is a three-course education program in Bahasa Indonesia specifically designed to meet the industry education requirements of professionals in Indonesia. Recognized by the Insurance Directorate, Ministry of Finance and the Life Assurance Association of Indonesia (AAJI), who also requested LOMA create the program, the CPLHI Program provides a comprehensive business education for life and health insurance professionals.

The Certified Professional, Life and Health Insurance Program (CPLHI) Program is a three-course education program in Bahasa Indonesia specifically designed to meet the industry education requirements of professionals in Indonesia. Recognized by the Insurance Directorate, Ministry of Finance and the Life Assurance Association of Indonesia (AAJI), who also requested LOMA create the program, the CPLHI Program provides a comprehensive business education for life and health insurance professionals.

Certification Details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? No
  • Oral or Written Exam Required? Yes
  • Renewal Required? No
Certifying Organization
LOMA

2. Certified Insurance Examiner (CIE)

A CIE is awarded to insurance regulatory professionals who have attained the AIE in one field and cross-trained in the other field. In order to earn a CIE, applicants must have previously earned (or meet the educational requirements to earn an AIE) under either the Property-Casualty Educational Path or a Life-Health Educational Path, complete the required course work following the same path taken to earn the AIE and meet certain employment and experience requirements.

A CIE is awarded to insurance regulatory professionals who have attained the AIE in one field and cross-trained in the other field. In order to earn a CIE, applicants must have previously earned (or meet the educational requirements to earn an AIE) under either the Property-Casualty Educational Path or a Life-Health Educational Path, complete the required course work following the same path taken to earn the AIE and meet certain employment and experience requirements.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or Written Exam Required? No
  • Renewal Required? Every 1 year(s)

3. Certified Sales Professional (CSP)

The Certified Sales Professional (CSP) program gives a thorough understanding of consultative selling. From business creation to improved time and territory management; goal-setting to prospecting, and everything in between, attendees return to the territory with a renewed enthusiasm for selling.

The Certified Sales Professional (CSP) program gives a thorough understanding of consultative selling. From business creation to improved time and territory management; goal-setting to prospecting, and everything in between, attendees return to the territory with a renewed enthusiasm for selling.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or Written Exam Required? Yes
  • Renewal Required? Every 3 year(s)

Entry Level Jobs For Becoming An Insurance Broker

Top 10 Affordable Universities For Insurance Brokers

If those top 10 were a bit out of your price range, you might want to check these schools instead. After factoring in in-state tuition and fees, average cost of attendance, admissions rate, average net price and mean earnings after 6 years, we found that these are the most affordable schools for Insurance Brokers.

1. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,091

2. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,714

3. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition
$7,262
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,046

4. Florida State University

Tallahassee, FL • Private

In-State Tuition
$5,656
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$21,623

5. California State University - Dominguez Hills

Carson, CA • Private

In-State Tuition
$6,942
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,469

6. Florida Atlantic University

Boca Raton, FL • Private

In-State Tuition
$4,831
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$19,559

7. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-State Tuition
$7,240
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,991

8. SUNY Polytechnic Institute

Utica, NY • Private

In-State Tuition
$8,238
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$21,567

9. Brigham Young University

Provo, UT • Private

In-State Tuition
$5,620
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$18,136

10. USF Sarasota-Manatee

Sarasota, FL • Private

In-State Tuition
$5,587
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,043

Top 10 Hardest Universities To Get Into For Insurance Brokers

Some people like a challenge. Well, we challenge you to get into one of these schools. It's not going to be easy. We know this based on these institutions' admissions rates, average SAT scores accepted, median ACT scores accepted and mean earnings of students 6 years after admission.

1. University of Pennsylvania

Philadelphia, PA • Private

Admissions Rate
8%
SAT Average
1,492

2. Stanford University

Stanford, CA • Private

Admissions Rate
4%
SAT Average
1,497

3. Northwestern University

Evanston, IL • Private

Admissions Rate
8%
SAT Average
1,508

4. Boston University

Boston, MA • Private

Admissions Rate
22%
SAT Average
1,420

5. New York University

New York, NY • Private

Admissions Rate
20%
SAT Average
1,419

6. University of Southern California

Los Angeles, CA • Private

Admissions Rate
13%
SAT Average
1,445

7. Villanova University

Villanova, PA • Private

Admissions Rate
29%
SAT Average
1,407

8. Southern Methodist University

Dallas, TX • Private

Admissions Rate
51%
SAT Average
1,395

9. Bentley University

Waltham, MA • Private

Admissions Rate
43%
SAT Average
1,338

10. SUNY at Binghamton

Vestal, NY • Private

Admissions Rate
40%
SAT Average
1,376
RankSchoolLocation
1University of PennsylvaniaPhiladelphia, PA
2Stanford UniversityStanford, CA
3Northwestern UniversityEvanston, IL
4Boston UniversityBoston, MA
5New York UniversityNew York, NY

Top 10 Easier To Apply Universities For Insurance Brokers

Why make getting a job harder on yourself than it has to be? With these colleges, you're sure to be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores and average salary of students 6 years after graduation in order to uncover which were the easiest schools to get into.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions Rate
68%
SAT Average
964

2. Notre Dame de Namur University

Belmont, CA • Private

Admissions Rate
82%
SAT Average
983

3. Holy Names University

Oakland, CA • Private

Admissions Rate
70%
SAT Average
849

4. University of Houston - Downtown

Houston, TX • Private

Admissions Rate
83%
SAT Average
1,012

5. Notre Dame College

Cleveland, OH • Private

Admissions Rate
90%
SAT Average
994

6. LIM College

New York, NY • Private

Admissions Rate
83%
SAT Average
1,061

7. Presentation College

Aberdeen, SD • Private

Admissions Rate
97%
SAT Average
1,050

8. Nyack College

New York, NY • Private

Admissions Rate
98%
SAT Average
999

9. D'Youville College

Buffalo, NY • Private

Admissions Rate
100%
SAT Average
1,072

10. Life University

Marietta, GA • Private

Admissions Rate
94%
SAT Average
979
RankSchoolLocation
1Oklahoma Wesleyan UniversityBartlesville, OK
2Notre Dame de Namur UniversityBelmont, CA
3Holy Names UniversityOakland, CA
4University of Houston - DowntownHouston, TX
5Notre Dame CollegeCleveland, OH

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