An Insurance Broker in London, England: London earns an average salary of £32,038 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. Most people with this job move on to other positions after 20 years in this field.

£21,401 - £68,351
£21K
£32K
£68K
MEDIAN: £32,038
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.
)
£0£27K£54K£81K
Salary
£21,401 - £68,351  
   
Bonus
£956 - £13,705  
Profit Sharing
£1,000  
Commission
£3,500  
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).
)
£21,058 - £78,999  
Country: United Kingdom | Currency: GBP | Updated: 25 Mar 2017 | Individuals Reporting: 109

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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 $29,000 based on 72 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 $41,000 based on 26 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $67,000 based on 20 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 $58,000 based on 8 salaries.

Key Stats for Insurance Broker

Gender

Female
23 %
Male
77 %
Less than 1 year
8%
1-4 years
47%
5-9 years
19%
10-19 years
18%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

Experienced
▲101%

Late-Career
▲74%

▲23%

National Average
₤33,000

▼11%

Skills That Affect Insurance Broker Salaries

National Average
₤33,000

▼2%

▼5%

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
8%
1-4 years
47%
5-9 years
19%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 67%
dental benefits
Dental: 16%
vision benefits
Vision: 7%
no benefits
None: 30%