Entry-Level Insurance Broker Salary

The average pay for an Entry-Level Insurance Broker is C$37,876 per year. The highest paying skills associated with this job are Commercial and Risk Management / Risk Control.

C$29,020 - C$49,720
(Median)
C$29K
C$38K
C$50K
MEDIAN: C$37,876
10%
50%
90%

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C$12.41 - C$21.80
(Median)
C$12
C$16
C$22
MEDIAN: C$16.00
10%
50%
90%

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National 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$18KC$36KC$54K
Salary
C$29,020 - C$49,720  
   
Bonus
C$0.00 - C$5,053  
Profit Sharing
C$0.00 - C$4,000  
Commission
C$0.00 - C$10,320  
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$28,609 - C$52,015  
Country: Canada | Currency: CAD | Updated: 17 Mar 2016 | Individuals Reporting: 820
National Hourly Rate 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$12C$24C$36
Hourly Rate
C$12.41 - C$21.80  
   
Overtime
C$0.00 - C$35.48  
National Annualized 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$24KC$48KC$72K
Bonus
C$0.00 - C$5,053  
   
Commission
C$0.00 - C$10,320  
Profit Sharing
C$0.00 - C$4,000  
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$28,609 - C$52,015  
Country: United States | Currency: CAD | Updated: 17 Mar 2016 | Individuals Reporting: 202
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Pay Difference by Location

National Average: C$38,019

Larger city markers indicate a job is popular in that location.

Insurance Broker Advice

What do you wish you knew about your job when you first started out?

Insurance Broker in Moncton:
"That working hard does not always mean you get the best pay."
Ask as many questions as you can and never stop learning. Keep on top of your work.

Insurance Broker in Peterborough:
"Get your education."
This industry is hush hush about who makes what for salary. It's not discussed and not allowed to be discussed. Get your education right away CAIB or/and CIP if you think you are going to go the direction of Underwriting. Go for interviews at other brokerages to see their reaction to your salary request. Negotiation of your wage is the only way that you will get a salary increase, there is no pay scale so you never really know what you are shooting for. The stress is high and the expectations are high.

Insurance Broker in Kelowna:
Be a producer or a man as this occupancy is very much male dominated with respect to the higher paid positions.

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Skills That Affect Insurance Broker Salaries

Commercial
up arrow 13%

Risk Management / Risk Control
up arrow 11%

Account Sales
up arrow 5%

Sales
up arrow 3%

Customer Relationship Management (CRM)
up arrow 3%

Inside Sales
up arrow 3%

Insurance
0%

Customer Relations
0%

National Average
C$38,000

Software Knowledge
up arrow 1%

Customer Service
up arrow 4%

Computer Service
up arrow 4%

Data Processing
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 192 votes.

Gender

Female
69 %
Male
31 %

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 72%
medical benefits
Vision: 51%
dental benefits
None: 18%
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