The highest average salaries go to Executive Vice President (EVP), Brokerage Servicess, who bring in close to about $195K annually, though Account Executives are not far behind at $72K along with Insurance Account Managers ($68K) and Digital Marketing Managers (around $61K). On the lower end are Insurance Producers at approximately $36K on average.
Years of Experience
Those with one to four years of experience at the company can expect to make $47K per year on average. Broken down by tenure, the largest share of Arthur J. Gallagher & Company employees (31 percent) have five to nine years of experience and earn around $60K annually on average.
When it comes to location, the highest average paycheck ($73K per year) can be spotted in San Francisco, Calif.; Bellevue, Wash. (approximately $69K), Short Hills, N.J. (about $56K), and Bloomington, Minn. ($55K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Chicago, Ill. — at $50K, salaries are some of the lowest in the country. Across Arthur J. Gallagher & Company's U.S. offices, employees in the state of Washington earn the most, taking home around $69K annually.
Certifications and Degrees
Monetary compensation comes to $80K per year for Licensed Insurance Brokers, far surpassing the earnings of non-credentialed workers. Bigger paychecks are awarded to Licensed Claims Adjusters with credentials; these people earn $68K annually on average. Arthur J. Gallagher & Company compensates Bachelor's Degree-holders the most at about $61K per year.
In this position, it pays to have Microsoft Excel in your toolkit; employees who claim proficiency enjoy a higher median salary of $60K annually. Insurance is regularly seen around here; just under a third of those surveyed report it as a core competency. Some other standard skills here are Customer Service, Account Management, and Microsoft Office.
Benefits and Perks
Paid time off is hard to come by at Arthur J. Gallagher & Company; the company rewards only 35 percent with paid vacation time and only a fifth of survey participants with sick leave. A 401(k) program is available, and nearly all employees use it to save for retirement. Health insurance is part of the package for most employees, and for a large number of survey participants, dental coverage is too. Some other advantages of working at Arthur J. Gallagher & Company are life insurance, tuition reimbursement, a stock purchase plan, and free drinks.