Branch Manager, Insurance Office Salary

Insurance Office Branch Managers in the United States are often veterans in their line of work, with just below three-fifths bringing more than 10 years of experience to the table. Salaries slide in at $59K annually on average but can range from $31K to $128K per year. Total cash compensation to Insurance Office Branch Managers bottoms out near $31K and approaches $128K on the high end; the biggest paychecks include approximately $25K from bonuses and almost $15K from profit sharing. Work is enjoyable for Insurance Office Branch Managers, who typically claim high levels of job satisfaction. Although a majority have medical coverage and just over two-fifths have dental coverage, close to one-third claim no health benefits at all. This report is based on answers to PayScale's salary questionnaire.

$34,533 - $119,193
$35K
$59K
$120K
MEDIAN: $59,025
10%
50%
90%

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$12.92 - $24.92
$13
$17
$25
MEDIAN: $16.54
10%
50%
90%

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$0$127K
Salary $34,533 - $119,193
Bonus $-0.49 - $25,342
Profit Sharing $0.00 - $15,101
Commission $811 - $49,316
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).
)
$31,495 - $127,502
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 160
Hourly Data $0$40
Hourly Rate $12.92 - $24.92
Hourly Tips $2.50
Overtime $40.40
Annual Data $0$127K
Bonus $-0.49 - $25,342
Commission $811 - $49,316
Profit Sharing $0.00 - $15,101
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).
)
$31,495 - $127,502
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 35

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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

  • Supervise staff at retail locations, including security, client representatives, and maintenance.
  • Review, revise, and communicate industry and company policies.
  • 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.

Branch Manager, Insurance Office Job Listings

Popular Skills for Branch Manager, Insurance Office


Just a handful of professional skills are reported by Insurance Office Branch Managers who took the survey. Most notably, skills in Insurance, Operations Management, Office Management, and Customer Relationship Management (CRM) are correlated to pay that is above average. Those listing Customer Relationship Management and Office Management as skills, on the other hand, should be prepared for drastically lower pay. Most people familiar with Insurance also know Office Management.

Pay by Experience Level for Branch Manager, Insurance Office

Pay by Experience for a Branch Manager, Insurance Office has a positive trend. An entry-level Branch Manager, Insurance Office with less than 5 years of experience can expect to earn an average total compensation of $43,000 based on 53 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Branch Manager, Insurance Office with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $59,000 based on 53 salaries. An experienced Branch Manager, Insurance Office which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $63,000 based on 71 salaries. A Branch Manager, Insurance Office with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $80,000 based on 49 salaries.

Branch Manager, Insurance Office Reviews

Q: What is it like working as a Branch Manager, Insurance Office?

Branch Manager, Insurance Office in Crystal Lake:
Pros: Commission.
Cons: Poor management, last minute schedule changes by management.

Related Job Salaries

Key Stats for Branch Manager, Insurance Office

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.
1-4 years
24%
5-9 years
19%
10-19 years
34%
20 years or more
23%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Branch Manager, Insurance Office Salaries

▲38%

▲9%

▲2%

National Average
$58,000

▼26%

Skills That Affect Branch Manager, Insurance Office Salaries

▲3%


National Average
$58,000

Office Management
▼25%

Customer Relationship Management (CRM)
▼26%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

1-4 years
24%
5-9 years
19%
10-19 years
34%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 67%
dental benefits
Dental: 45%
vision benefits
Vision: 40%
no benefits
None: 32%
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