Branch Manager, Insurance Office Salary

With slightly less than two-thirds of Insurance Office Branch Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Insurance Office Branch Managers is $51K per year and can range from $29K on the lower end to $107K per year near the higher end. With bonuses occasionally running north of $29K, profit sharing proceeds sometimes surpassing $10K, and a few commissions as high as $30K, total income for Insurance Office Branch Managers can range between $29K and $107K according to individual performance. Most workers in this position report high levels of job satisfaction. Although a majority have medical coverage and a little less than half have dental coverage, more than a third claim no health benefits at all. Men are in the minority of survey respondents, with female Insurance Office Branch Managers making up 76 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.

$29,632 - $109,161
(Median)
$30K
$51K
$110K
MEDIAN: $50,858
10%
50%
90%

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$11.16 - $24.57
(Median)
$11
$16
$25
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$29,632 - $109,161  
   
Bonus
$0.00 - $28,730  
Profit Sharing
$100.67 - $9,933  
Commission
$970 - $30,201  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,142 - $106,694  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 232
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$11.16 - $24.57  
   
Overtime
$15.26 - $26.51  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $28,730  
   
Commission
$970 - $30,201  
Profit Sharing
$100.67 - $9,933  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,142 - $106,694  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 59
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Job Description for Branch Manager, Insurance Office

An insurance office branch manager is the individual who is ultimately responsible for all of the operations of a specific office. They manage staff members in addressing customer claims and enrolling new customers by setting target metrics, giving performance evaluations, and providing staff members with training opportunities and guidance. Further, the branch manager also deals with any escalated customer service issues that may arise. The branch manager also performs several human resource functions such as screening applicants and hiring new team members.

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Branch Manager, Insurance Office Tasks

  • Prepare, analyze, and submit metrics and reports regarding policyholders, accounts, and staff.
  • Oversee client interactions and account management to ensure the highest level of quality service.
  • Supervise staff at retail locations, including security, client representatives, and maintenance.
  • Review, revise, and communicate industry and company policies.

Branch Manager, Insurance Office Job Listings

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Survey takers who work as Insurance Office Branch Managers typically report just a few professional skills. Those who have experience with Insurance, Operations Management, and Customer Relationship Management can expect to be compensated well for these skills. At the other end of the pay range are skills like Customer Relationship Management and Operations Management. Operations Management is a skill commonly found among those who know Insurance.

Pay by Experience Level for Branch Manager, Insurance Office

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience is an important factor influencing the compensation of Insurance Office Branch Managers. Salaries for the relatively untried average out to around $36K, but survey participants with five to 10 years of experience earn a significantly higher median of $50K. Insurance Office Branch Managers who work for 10 to 20 years in their occupation tend to earn about $55K. People who have worked for more than 20 years report a median income of $57K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Branch Manager, Insurance Office Salaries

Late-Career
up arrow 14%

Experienced
up arrow 9%

Mid-Career
0%

National Average
$50,000

Entry-Level
up arrow 27%

Skills That Affect Branch Manager, Insurance Office Salaries

National Average
$50,000

Insurance
up arrow 2%


Customer Relationship Management (CRM)
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
76 %
Male
25 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
21%
10-19 years
36%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 63% dental benefits Dental: 46%
vision benefits Vision: 33% employee benefits None: 36%
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