When it comes to location, the highest average paycheck (approximately $79K per year) can be spotted in Chicago, Ill.; Las Vegas, Nev. ($73K), Itasca, Ill. (about $70K), and St. Louis, Mo. ($65K) are the next top-paying cities. Boston, Mass. ranks low on the pay scale — at around $32K, it is one of the lowest-paid cities. By state, New Jersey offers the highest pay at $75K annually.
Bringing in the most money are Claims Managers — their earnings average around $77K per year. Insurance Office Branch Managers are a close second at about $74K along with IT Business Analysts ($70K) and Senior Claims Adjusters (approximately $64K). With salaries averaging $32K, Insurance Account Managers are among the lowest paid at Gallagher Bassett Services, Inc.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to $50K annually. For those with one to four years of experience, median paychecks reach around $33K per year. Broken down by tenure, the largest share of Gallagher Bassett Services, Inc. employees (33 percent) have 10-19 years of experience and earn $61K annually on average.
Certifications and Degrees
Chartered Property Casualty Underwriters are compensated at a much higher rate than non-authorized workers, bringing in close to $69K per year. Acquiring certification to be a Claims Associate is rewarded with median pay of $67K annually. Gallagher Bassett Services, Inc. compensates Bachelor's Degree-holders the most at approximately $50K per year.
When it comes to skills, SQL seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $78K annually. A common skill in Gallagher Bassett Services, Inc.'s work force is Claim Handling; nearly one-half of survey participants report using it on the job. Three more common skills are Customer Service, Negotiation, and Insurance.
Benefits and Perks
The larger part of workers enjoy paid vacation, and for just over a half of workers, paid sick leave is also a given. Nearly all survey participants set aside retirement funds in an employer-sponsored 401(k). A large number of workers have health insurance, and benefits for most respondents also include dental insurance. Gallagher Bassett Services, Inc. employees also enjoy perks such as life insurance, a casual working environment, a stock purchase plan, and flexible hours.