Years of Experience
Five to nine years of work experience seem to result in median wages of $62K per year. The largest slice of the Arthur J. Gallagher & Company workforce (32 percent) has been working for one to four years and earns, on average, around $51K annually.
The highest paychecks go to Insurance Account Managers, who earn an average about $65K per year, closely trailed by Account Executives (approximately $64K), Service Delivery Managers ($63K), and Client Service Managers ($56K). Near the bottom at Arthur J. Gallagher & Company are Insurance Agents, pulling in an average of just about $40K.
When it comes to location, the highest average paycheck ($69K annually) can be spotted in Houston, Texas; Itasca, Ill. (approximately $62K), Chicago, Ill. (around $60K), and San Francisco, Calif. ($57K) are the next top-paying cities. Expected earnings are below average ($46K) in Minneapolis, Minn., one of the lowest-paid cities. By state, the highest compensation levels appear in Texas, where the average salary is approximately $69K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Licensed Insurance Agents, who make $78K annually. Acquiring certification to be a Chartered Financial Analyst is rewarded with median pay of around $75K per year. At Arthur J. Gallagher & Company, employees who hold a B.A. in Business Administration receive the highest salaries at $83K.
The highest-paying skill in this position seems to be Financial Analysis; individuals who report it as part of the repertoire have a median income of about $68K annually. Insurance is a popular skill among Arthur J. Gallagher & Company workers, with just under one in three of those surveyed reporting using it on the job. Key skills also include Account Management, Customer Service, and Microsoft Excel.
Benefits and Perks
Arthur J. Gallagher & Company lets only a quarter of survey participants take paid vacation and only one-seventh of survey participants take sick leave. To plan for old age, most employees maintain savings accounts through the company's 401(k) plan. The vast majority of employees report having health insurance, and a large number of employees report having dental coverage. Some other perks are life insurance, tuition reimbursement, a stock purchase plan, and free drinks.