Years of Experience
Between the one and five year mark, median pay is about $50K per year. Overall, the greater share of Arthur J. Gallagher & Company folks have five to nine years of experience and earn an average $59K annually.
Earning around $72K per year on average, Account Executives receive the most money, followed by Insurance Account Managers ($65K), Client Service Managers (approximately $56K), and Account Representatives ($56K). Financial compensation for Insurance Producers is rather low — on average only $42K — relative to the rest of the company.
When it comes to location, the highest average paycheck (approximately $69K annually) can be spotted in San Francisco, Calif.; Bellevue, Wash. (around $69K), Short Hills, N.J. ($56K), and Bloomington, Minn. (about $55K) are the next top-paying cities. Minneapolis, Minn. ranks low on the pay scale — at $46K, it is one of the lowest-paid cities. By state, Arthur J. Gallagher & Company pays its Texas employees the most; the pay rate there is $69K per year.
Certifications and Degrees
Licensed Insurance Brokers receive bigger paychecks ($80K annually) than those without credentials. Becoming a Licensed Insurance Agent can certainly pay off here; those folks make $67K on average. It pays to have a Bachelor's Degree at Arthur J. Gallagher & Company — these employees make the most at around $61K per year.
The highest-paying skill to have in this role seems to be Data Analysis; employees claiming this as part of the toolbox earn a median of about $68K annually. A skill that is commonly seen around here is Insurance; approximately one in three deem it necessary for work. Other skills in demand are Customer Service, Account Management, and Microsoft Excel.
Benefits and Perks
Paid time off is in short supply here, with only 35 percent receiving paid vacation and 19 percent receiving paid sick days. Nearly all respondents save for retirement through Arthur J. Gallagher & Company's 401(k) plan. Health insurance comes as part of the deal for most employees, and a large number of employees report receiving dental coverage as well. Advantages of working here also include life insurance, tuition reimbursement, a stock purchase plan, and free drinks.