Years of Experience
For those with five to nine years of experience, average earnings amount to approximately $40K per year. Overall, the greater share of Farm Bureau Insurance Company folks have one to four years of experience and earn an average $43K annually.
When it comes to location, the highest average paycheck ($74K per year) can be spotted in Lansing, Mich.; Baton Rouge, La. (around $45K), Laramie, Wyo. (about $35K), and Shreveport, La. ($31K) are the next top-paying cities. Across Farm Bureau Insurance Company's U.S. offices, employees in the state of South Carolina earn the most, taking home $147K annually.
Earning around $38K per year on average, Insurance Agents receive the most money, followed by Insurance Underwriters ($36K annually).
Certifications and Degrees
Certified Public Accountants receive bigger paychecks ($87K per year) than those without credentials. Licensed Insurance Agents with credentials can live quite comfortably; median salaries come in at approximately $50K annually. At Farm Bureau Insurance Company, employees who hold a Master of Business Administration (MBA) receive the highest salaries at about $86K.
The highest-paying skill to have may be Risk Management / Risk Control; employees who claim proficiency also report a higher average salary of around $48K per year. Insurance is regularly seen around here; slightly less than a third of those surveyed report it as a core competency. Some other standard skills here are Customer Service, Claim Handling, and Customer Relations.
Benefits and Perks
Only 29 percent at Farm Bureau Insurance Company enjoy paid vacation time, and just one in seven workers can take sick leave. Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan, a company pension plan, and a defined benefit retirement plan. For the larger part of respondents, benefits include health insurance, and just over two-fifths of workers get dental coverage, too. A few more workplace perks are tuition reimbursement, life insurance, and a defined benefit retirement plan.