Master of Science in Insurance Management

  • Crafted specifically for individuals who hold the CPCU® designation, this specialized master’s program can add a new dimension to your professional acumen and equip you with forward-thinking management solutions in accounting, finance, operations, and leadership.

Insuring the Planet

In a changing economy, business professionals need to protect their competitive edge. Today’s insurance managers face ongoing challenges that span legal, ethical, financial, and global concerns. It’s an environment that demands knowledgeable leaders who can think through all the intricacies of modern-day insurance management.

Boston University’s Master of Science in Insurance Management (MSIM) online program can help you gain further distinction by complementing your proven industry expertise with forward-thinking management principles in accounting, finance, operations, and leadership. If you hold the Charter Property Casualty Underwriter® (CPCU) designation, you can earn your master’s degree from BU after completing only eight courses.

Why Choose the MS in Insurance Management?

Insuring progress in a shaky business landscape demands an unshakable confidence. Successful managers in the risk management and insurance industry take solid measures to set themselves apart. Earning the CPCU designation is an impressive start. But what if you could further distinguish your talent by earning a respected master’s degree in just eight courses? Now you can through Boston University’s MSIM online program. This is an unmatched professional development opportunity to fast-track your master’s degree, build on your experience, and achieve further distinction with iconic BU credentials.

Back to top

Interdisciplinary Curriculum

  • Focus on 1 course at a time and complete the program in as few as 16 months.
  • Enjoy a break between each semester.
  • Choose from 6 start dates per year in spring, summer, or fall.
  • Learn anywhere, anytime with tech support available 7 days a week.

Degree Requirements
A total of 8 courses (32 credits) are required as follows:

Core Courses (6 courses/24 credits)

  • MET AD 632 Financial Concepts
  • MET AD 642 Project Management
  • MET AD 648 Ecommerce
  • MET AD 655 International Business, Economics, and Cultures
  • MET AD 715 Quantitative and Qualitative Decision-Making
  • MET AD 741 The Innovation Process: Developing New Products and Services

Specialization Courses (None)

Additional Courses (2 courses/8 credits)

  • Choose two additional Administrative Sciences courses to be approved by the department coordinator. An option to consider is the Fixed Income Analysis (MET AD 719) course.
  • MET AD 632 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
  • MET AD 642 Project Management
    The course examines the concepts and applied techniques for cost-effective management of projects. Project management principles and methodology are introduced. Key topics of focus include developing a project plan and scheduling resources, work breakdown structures, and project networks. 4 cr
  • MET AD 648 Ecommerce
    Provides a detailed examination of how businesses can successfully use Internet, wireless, and enhanced web technologies throughout the business structure to improve operations and communications with business partners and consumers. Students are introduced to the concepts and issues of electronic commerce. Topics include comparison of e-commerce procedures, payment mechanisms, applications in different industry sectors, security, supply chain issues, and business-to-business relationships. Students design a business-grade website using commercial application programs such as Dreamweaver and Fireworks. 4 cr
  • MET AD 655 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. Students will review the problems of decision-making related to demand, production, costs, market structure, and price; as well as analyze the interplay between governments, economic systems, labor, and multinational corporations (MNCs). Topics include the basis for the existence, organization, and growth of MNCs, and 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 also investigates the relationship between the interaction of national culture and development. Topics range from rain forest and species management in developing nations to pollution generated by these countries. Culture, policy, and development are also discussed in relation to the impact of the business interactions (agriculture, fishing, technology transfer, etc.) on developing and developed nations. 4 cr
  • MET AD 715 Quantitative and Qualitative Decision-Making
    The course exposes the student to practical quantitative approaches to mathematical decision-making, as well as a wide variety of qualitative approaches for both the service and product industries. Emphasis is placed on the definition of the problem, analysis of the approaches available to solve the problem, and an understanding of the limitations and strengths of these approaches as well as the necessary resources. The course also prepares the student with the design and presentation skills necessary to communicate the problem and the different solutions or outcome possibilities. 4 cr
  • MET AD 719 Fixed Income Analysis
    Prereq: MET AD 630, MET AD 731. This course covers the nature and analysis of fixed income securities and an in-depth examination of some of the particular features of some major classes of fixed income instruments, valuation, sensitivity to risks, and management of fixed income portfolios. 4 cr
  • MET AD 741 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 cr

Back to top


“What sets MET apart is a cadre of full-time faculty with terminal degrees, extensive professional experience, and peerless research qualifications,” says Jay Halfond, Associate Professor of Administrative Sciences.

Full-Time Faculty

In addition to being widely recognized in the academic field, Metropolitan College’s Administrative Sciences faculty is internationally respected and powerfully connected to the global business world. Many of our faculty members have extensive high-level experience working on government and private boards, as consultants, advisors, and entrepreneurs for major initiatives. All are wholeheartedly committed to excellence and the highest standards of quality in their delivery of the management curriculum.

Learn more about the distinguished Metropolitan College faculty.

Back to top

How Does the MSIM Program
Compare to the MBA?

A traditional MBA with an insurance specialization takes a narrow perspective and functional approach to insurance management. But in today’s constantly changing business world, leaders need interdisciplinary knowledge and broad management skills. The MS in Insurance Management program can add a new dimension to your professional acumen and equip you with forward-thinking management solutions in accounting, finance, operations, and leadership.

Back to top

What’s Different About BU’s
Learning Model?

Your CPCU designation
accounts for 1/3 of a master’s
degree at BU.

Here at BU, you’ll learn practical management skills that should prove beneficial to your professional advancement over the next decade. The MSIM curriculum recognizes that professionals with the CPCU designation are already well versed in the field and equipped to make smart business decisions. That’s why we acknowledge the CPCU as the equivalent of graduate work and build on your astute knowledge of the legal, operational, and technical aspects of the risk management and insurance industry. In fact, your CPCU designation accounts for 1/3 of a master’s degree at BU.

Earn more than a master’s degree.
As a highly motivated and ethical professional, you strive to do the right thing. But you’re also driven to take that next step in your career. That’s why you should know that earning your master’s degree from Boston University is only the beginning. By completing just two more courses, you can earn a second competitive credential—a graduate certificate.

Upon successful completion of the MS in Insurance Management, you may apply your coursework toward a Graduate Certificate in Business Continuity & Risk Management, which typically consists of four courses. But with careful planning, you will only be required to take two courses.  That means you could earn your master’s degree and a graduate certificate in just ten courses. Learn more about Graduate Certificates below.

Back to top

Rankings & Accreditation

BU’s Graduate Programs in Management rank 10th in the U.S. News & World Report 2017 Best Online Graduate Business Program rankings

Insure your master’s degree is from an AACSB-accredited school and choose Boston University.

Boston University’s master’s degree in insurance management is internationally accredited by the European Foundation for Management Development (EFMD) Program Accreditation System (EPAS).

Boston University’s Metropolitan College is proud to be accredited by the New England Association of Schools and Colleges (NEASC).

Back to top

Admissions Requirements

Students must hold the Chartered Property Casualty Underwriters® (CPCU) designation in order to earn this master’s degree. Boston University recognizes the CPCU® as the equivalent of four graduate-level courses. Other admissions requirements include:

  • You must have earned a bachelor’s degree from an accredited college or university.
  • While standardized test scores are not required for admission to programs at Metropolitan College, candidates can strengthen their applications by submitting results of the GRE or GMAT.

Learn more about the admissions requirements and application process.

Back to top


In today’s knowledge economy, it’s not about paying for a diploma. It’s about insuring your continued success. The business world is highly competitive. A BU credential is a major differentiation and an intelligent way to continue setting yourself apart in the changing business environment.

Fall 2016 to Summer 2017 Tuition and Fees

Tuition Fees
Application Fee*
Master of Science Degree
Total tuition based on eight 4-credit courses
$830 per credit hour
8 x 4 x $830 = $26,560
Student Services Fee
Total student services fees based on taking 2 courses per semester
or 5 semesters to complete 8 courses (summer counts as 2 semesters)
$60 per semester
5 x $60 = $300
Technology Fee
Total technology fees based on eight 4-credit courses
$60 per credit hour
8 x 4 x $60 = $1,920
Totals $26,560 $2,305
Total tuition & fees for 8-course degree based on 2016-2017 rates = $28,865

*Application Fee for a Graduate Certificate is $25
*Application Fee for a MS Degree and Certificate is $105

Back to top

Career Outlook

Regardless of where your career advancement leads, the knowledge and skills you can gain from this master’s degree will be in demand for years to come. Possible career paths include:

  • Insurance Management
  • Risk Management
  • Management of Property and Casualty Underwriters
  • Regulatory Compliance Management
  • Claims and Operations Management

Back to top

Continuous Professional Education Model
Earn More than a Master’s Degree

Boston University’s Graduate Programs in Management are designed for motivated professionals. Graduates have the opportunity to return within four years of graduation (subject to review) to enhance their BU credentials with a graduate certificate. Each of the four graduate certificates works with the curricular requirements of the Graduate Programs in Management. If you have completed two of four specialization courses as part of the master’s degree, then by completing just two additional specialization courses, you can earn a graduate certificate.

We believe in a model of continuous professional learning, because the speed of modern business demands that leaders frequently update their skills and broaden their understanding. Here at BU, our faculty exemplifies this type of agile leadership by actively participating in the field, researching, lecturing, and publishing their findings.

Click below to view the course requirements for each or contact an Enrollment Advisor and learn even more.

Online Graduate Certificates:

Applied Business Analytics

This graduate certificate is recommended for individuals currently enrolled in, or alumni of, any of the Graduate Programs in Management. Learn how to leverage data analytics concepts, techniques, and state-of-the-art tools to monitor and identify performance issues, and propose optimal data-based solutions.

Applied Business Analytics

Required Curriculum
(4 courses/16 credits)

MET AD 571 Business Analytics Foundations

Prereq: AD100 Pre-Analytics Laboratory
This course presents fundamental knowledge and skills for applying business analytics to managerial decision-making in corporate environments. Topics include descriptive analytics (techniques for categorizing, characterizing, consolidation, and classifying data for conversion into useful information for the purposes of understanding and analyzing business performance), predictive analytics (techniques for detection of hidden patterns in large quantities of data to segment and group data into coherent sets in order to predict behavior and trends), prescriptive analytics (techniques for identification of best alternatives for maximizing or minimizing business objectives). Students will learn how to use data effectively to drive rapid, precise, and profitable analytics-based decisions. The framework of using interlinked data-inputs, analytics models, and decision-support tools will be applied within a proprietary business analytics shell and demonstrated with examples from different functional areas of the enterprise. [ 4 cr.]

MET AD 616 Enterprise Risk Analytics

Prereq: METAD571
The course offers an overview of the key current and emerging enterprise risk analytical approaches used by corporations and governmental institutions and is focused on understanding and implementing the enterprise risk management framework on how to leverage the opportunities around a firm to increase firm value. The major risk categories of the enterprise risk management such as financial risk, strategic risk and operational risk will be discussed and risk analytics approaches for each of these risks will be covered. Students will learn how to use interlinked data-inputs, analytics models, business statistics, optimization techniques, simulation, and decision-support tools. An integrated enterprise risk analytics approach will be demonstrated with examples from different functional areas of the enterprise. [ 4 cr.]

MET AD 654 Marketing Analytics

Prereq: METAD571
Become familiar with the foundations of modern marketing analytics and develop your ability to select, apply, and interpret readily available data on customer purchase behavior, new customer acquisition, current customer retention, and marketing mix optimization. This course explores approaches and techniques to support the managerial decision-making process and skills in using state-of-the-art statistical and analytics tools. Students will have an opportunity to gain basic understanding of how transaction and descriptive data are used to construct customer segmentation schemas, build and calibrate predictive models, and quantify the incremental impact of specific marketing actions. [ 4 cr.]

MET AD 688 Web Analytics for Business

Prereq: METAD571
Explore web analytics, text mining, web mining, and practical application domains. The web analytics part of the course studies the metrics of websites, their content, user behavior, and reporting. The Google analytics tool is used for collection of website data and doing the analysis. The text mining module covers the analysis of text including content extraction, string matching, clustering, classification, and recommendation systems. The web mining module presents 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 and game metrics will be extensively investigated. [ 4 cr.]

Contact your Enrollment Advisor to discuss your options and learn more about the advantages of pursuing graduate certificates at BU.

Financial Markets & Institutions

This graduate certificate is recommended for individuals currently enrolled in, or alumni of, the following master’s degree programs: International Marketing Management, Insurance Management, and Project Management.

Financial Markets & Institutions

Required Curriculum
(4 courses/16 credits)

MET AD 630 Financial and Managerial Accounting

Introduction to the concepts, methods, and problems of financial and managerial accounting. Includes data accumulation, accounting principles, financial statement analysis, measurement and disclosure issues, cost analysis, budgeting and control, production costs, and standard costs. [ 4 cr.]

MET AD 731 Corporate Finance

Emphasizes issues of accounting, finance, and economics that are important in most management contexts. Stresses understanding financial statements, planning and control, cost and benefit evaluation, cash flow analysis, and capital budgeting. [ 4 cr.]

Plus two electives selected with advisor’s approval.

Contact your Enrollment Advisor to discuss your options and learn more about the advantages of pursuing graduate certificates at BU.

International Marketing

This graduate certificate is applicable to individuals enrolled in, or alumni of, any of the Graduate Programs in Management. Expand your knowledge of doing business in international markets by working in teams with students from several regions of the world and take courses offered by our foreign partners.

International Marketing

Required Curriculum
(4 courses/16 credits)

MET AD 648 Ecommerce

Provides a detailed examination of how businesses can successfully use Internet and Web technology. Students are introduced to the concepts and issues of 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. [ 4 cr.]

MET AD 737 Innovative Marketing Techniques

Prereq: MET AD648
Marketing approaches have been significantly altered with the advent of the Internet. This course provides a view of marketing for the twenty- first century. Special emphasis is provided on the impact of new Internet marketing techniques, research using data mining and metrics, search engine optimization, reaching consumer markets through the new business models associated with social communities, blogs, and other Web 2.0 structures. [ 4 cr.]

Plus select two of the following:
MET AD 773 International Business Simulation (intensive Boston University classroom option)
MET AD 752 Doing Business in Mexico & Latin America*
MET AD 895 Doing Business in and with India*
ITESM Integral Marketing Communications*

*Courses offered by our international partners.

Contact your Enrollment Advisor to discuss your options and learn more about the advantages of pursuing graduate certificates at BU.

Project Management

This graduate certificate is recommended for individuals enrolled in, or alumni of, any of the Graduate Programs in Management. Project managers are integral to the success of every company, in every industry. Learn a higher level of critical thinking to successfully deliver multiple projects on time and within budget. Students with PMI® certifications can earn up to 45 PDUs per course. View the course requirements.

Project Management

Required Curriculum
(4 courses/16 credits)

MET AD 642 Project Management

The course examines the concepts and applied techniques for cost effective management of both long-term development programs and projects. Project management principles and methodology are provided with special focus on planning, controlling, and coordinating individual and group efforts. Key topics of focus include overview of modern project management, organization strategy and project selection, defining a project and developing a project plan and scheduling resources, project risk analysis, work breakdown structures, and project networks. MS Project will be introduced in this course to provide hands-on practical skills with the above topics. Mastery of key tools and concepts introduced in this course provides a significant competitive advantage in the marketplace. [ 4 cr.]

MET AD 643 Project Communications Management

Prereq: MET AD642
To succeed in project management, you must be a strong leader and an effective communicator. This course examines the current philosophies of leadership as applied to project management and identifies various styles of communication and conflict resolution. Through case studies and various exercises, you will develop enhanced leadership, communication, conflict management, and negotiation skills. [ 4 cr.]

And two additional courses chosen from the following*:

MET AD 644 Project Risk and Cost Management

Prereq: MET AD642
This course introduces the art and science of project risk as well as continuity management and cost management. Managing the risk of a project as it relates to a three-part systematic process of identifying, analyzing, and responding is examined through actual case studies. Students learn how to manage the components of a project to assure it can be completed through both general and severe business disruptions on local, national, and international levels. Students learn the process of cost management, early cost estimation, detailed cost estimation, and cost control using earned value method. Students study in depth the issues of project procurement management and the different types of contracts for various scope scenarios. [ 4 cr.]

MET AD 646 Program Management

Prereq: MET AD642
Programs and projects deliver benefits to organizations by enhancing current capabilities or developing new capabilities for the organization to use. This course will provide a detailed understanding of program management and will present concepts that promote efficient and effective communication and coordination among various groups. Students will understand PMI® program management processes and use tools that automate and enforce processes for managing scope changes, risk, quality, issues, schedules, resources, releases, and costs. You will learn how to design a program and manage program costs, risk, and communication within the context of Project Portfolios. This course is targeted to senior executives, portfolio managers, program managers and their team members, members of a PMO, customers/stakeholders, educators, and consultants. This course introduces processes and knowledge areas from three new PMI standards: Program Management standard, OPM3, and Portfolio Management. [ 4 cr.]

MET AD 647 Project and Program Governance

Prereq: MET AD642
This is a comprehensive course on project and program monitoring, evaluation, and governance. Students will also understand enterprise wide-project interdependencies and determine the optimal pacing for a program to enable appropriate planning, scheduling, executing, monitoring, and controlling of the projects within a program in the future. It covers governance and evaluation methods that will be useful at various levels of large projects, including government and nonprofit organizations. This course will help project and program managers, analysts, consultants, educators, and managers in government, nonprofit, and private institutions to assess program results and identify ways to improve program performance. Other topics include: evaluation for small nonprofit organizations; assessing and improving planning, implementation and effectiveness; governance methodology and models; using evaluation tools and applications to assess factors linking projects under one program and provide the best allotment of resources between those projects; monitor complex, multi-project programs, and drill into current project details; enable collaboration and stakeholder alignment throughout a project life-cycle. Other topics include: creating a transparent and accountable organization with well-defined roles and one that is based on transparency, resource allocation and decision making and enterprise project management. [ 4 cr.]

MET AD 649 Agile Project Management

Prereq: MET AD642
The course provides an understanding of how new Agile principles and practices are changing the landscape of project management. The course is designed to give project managers fresh new insight into how to successfully blend Agile and traditional project management principles and practices in the right proportions to fit any business and project situation. The course provides a deep understanding of Agile project management principles and practices in order to see them as complementary rather than competitive to traditional project management. Topics include: Agile fundamentals, principles, and practices; roots of Agile in TQM and Lean Manufacturing; adapting an Agile approach to fit a business environment; planning and managing an enterprise-level Agile transformation; scaling agile to an enterprise level using enterprise-level Agile frameworks and Agile Project Management tools. [ 4 cr.]

*Or any approved IT Project Management course from the Metropolitan College Department of Computer Science.

Contact your Enrollment Advisor to discuss your options and learn more about the advantages of pursuing graduate certificates at BU.

Risk Management & Organizational Continuity

This graduate certificate is recommended for individuals currently enrolled in, or alumni of, the Master of Science in Project Management and Master of Science in Insurance Management online programs. Learn how to identify, mitigate, and respond to business disruptions –whether manmade or natural. Companies in every sector are looking for managers with this critical knowledge.

Risk Management & Organizational Continuity

Required Curriculum
(4 courses/16 credits)

MET AD 610 Enterprise Risk Management

This overview course examines the management issues involved with assessing the security and risk environments in both the private and public sectors in order to assure continuous system-wide operations. The course studies the elements of risk assessment and operational continuity using the project management framework of planning, organizing, and control. Students are exposed to the role of the firm in crisis response and management as well as the terms, systems, and interactions necessary to assure continuous operations. Topics include: the role and need for comprehensive assurance strategy and planning; the security aspects of the firm; an overview of the system-wide structure?as well as the organizations within that structure?designed to plan for and respond to local or national crisis; the social and emotional impact on the workforce as well as its effect on productivity; and the organizational infrastructure relating to national, regional, and international compliance. [ 4 cr.]
MET AD 612 COO-Public Emergency Management

This course examines emergency management from national, state, local, and family perspectives of prevention, preparedness, response, and recovery. The course encompasses knowledge of the specific agencies, organizations, and individual behaviors in emergency management as well as the interlinking partnerships between/among these groups. Areas of discussion include: responsibilities at federal, state, community and individual levels; guidelines and procedures for operations and compliance such as the National response Plan; Incident Command Systems (ICS); exercises; plan development, command, and control; communication; partnership development and maintenance; leadership; and numerous other elements related to effective emergency management. The unique and critical roles of private and public partnerships are reviewed and particular attention is paid to the interplay and interdependency among national, state, community, business (public and private), and the individual. [ 4 cr.]
MET AD 613 Enterprise Risk Planning and Compliance

Prereq: MET AD610
Students are exposed to the important issues relating to corporate and organizational security and risk from both the perspective of systems designed to protect against disasters and aspects of emergency preparedness should systems fail. Security areas of study include information technology, terrorism, and other organization disruptions. Students study proactive risk assessment through management risk analysis techniques and simulations. Students will be able to design a company or agency global assurance plan, organize the strategy to make the plan operational, and implement control measures to assess the plan’s degree of success. The course also provides explanations of legal/regulatory, auditing, and industry- specific requirements related to compliance, control, and reporting issue sin business risk management. The role of establishing and maintaining standards by local, national, and international agencies is discussed, as is the importance of these agencies in certifying operations. [ 4 cr.]
MET AD 614 Disaster Management

Prereq: MET AD610
This course takes concepts covered in MET AD610 and MET AD613 and applies them in more detail mainly to the corporate-private sector environment. During this course, we will first review the organization and processes necessary to effectively respond to and manage incidents, including the transition from emergency response and incident management to business recovery. Finally, the course will focus on disaster recovery, with an emphasis on technology recovery, an absolutely essential but sometimes overlooked component of any successful corporate recovery program. [ 4 cr.]

Contact your Enrollment Advisor to discuss your options and learn more about the advantages of pursuing graduate certificates at BU.

Back to top