Earning $72K per year on average, Account Executives receive the most money, followed by Insurance Account Managers ($68K), Account Representatives (about $56K), and Client Service Managers ($55K). Arthur J. Gallagher & Company hands out some of the smallest paychecks to Insurance Producers (approximately $36K on average).
Years of Experience
For those with one to four years of experience, median paychecks reach around $48K annually. The greater proportion of employees (29 percent) report five to nine years of experience and bring home median pay of approximately $59K per year.
When it comes to location, the highest average paycheck (about $69K annually) can be spotted in Houston, Texas; San Francisco, Calif. (around $69K), Short Hills, N.J. ($56K), and Bloomington, Minn. ($55K) are the next top-paying cities. Minneapolis, Minn. is one of the lowest-paid cities, with earnings averaging $46K. By state, Washington offers the highest pay at approximately $69K per year.
Certifications and Degrees
Salaries approach about $80K annually for Licensed Insurance Brokers; non-accredited workers make much less. Earning a Licensed Insurance Agent certification garners significant financial rewards of $67K per year on average. Arthur J. Gallagher & Company workers who hold a Bachelor of Science in Finance are also well compensated, earning around $61K on average.
In this role, the best-paying skill appears to be Data Analysis; individuals who claim it among their capabilities enjoy a higher median salary of $68K annually. Insurance also popped up often in the survey as an important skill; one-third of employees surveyed report using it at work. Three more common skills are Customer Service, Account Management, and Customer Relationship Management.
Benefits and Perks
Arthur J. Gallagher & Company lets only 37 percent take paid vacation and only a fifth of survey participants take sick leave. Arthur J. Gallagher & Company sponsors a 401(k) program, and the vast majority of employees use this option to save for their retirement. Health insurance is part of the package for a large number of survey participants, and for most employees, dental coverage is too. Advantages of working here also include life insurance, tuition reimbursement, a stock purchase plan, and free drinks.