The average pay for an Insurance Broker in Hamilton, Ontario is C$40,695 per year. A skill in Sales is associated with high pay for this job. For the first five to ten years in this position, salary increases somewhat, but any additional experience does not have a big effect on pay.

C$30,133 - C$64,111
C$30K
C$41K
C$64K
MEDIAN: C$40,695
10%
50%
90%

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Local Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
C$0C$25KC$50KC$75K
Salary
C$30,133 - C$64,111  
   
Bonus
C$6,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
C$25,491 - C$73,404  
Country: Canada | Currency: CAD | Updated: 25 Mar 2017 | Individuals Reporting: 11

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Pay by Experience Level for Insurance Broker

Pay by Experience for an Insurance Broker has a positive trend. An entry-level Insurance Broker with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 6 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $44,000 based on 15 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $44,000 based on 6 salaries. An Insurance Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $45,000 based on 6 salaries.

Key Stats for Insurance Broker

Gender

Female
75 %
Male
25 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
Less than 1 year
8%
1-4 years
42%
10-19 years
42%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

Late-Career
▲7%

Mid-Career
▲6%

Experienced
▲5%

National Average
C$42,000

Entry-Level
▼10%

Skills That Affect Insurance Broker Salaries

Sales
▲20%

Customer Service
▲9%

Customer Relations
▲8%

Insurance
▲8%

National Average
C$42,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
8%
1-4 years
42%
10-19 years
42%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 80%
vision benefits
Vision: 20%
no benefits
None: 20%
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