Branch Manager, Insurance Office Salary

With just under three-fifths 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 $59K per year and can range from $31K on the lower end to $128K per year near the higher end. Including potential for bonuses, profit sharing and commission — peaking near $26K, $15K, and $49K, respectively — total cash payment to Insurance Office Branch Managers can bottom out near $31K or top out at around $128K. Not all workers are lucky enough to have benefits; in fact, nearly one in three are without coverage. Medical insurance is claimed by more than half and dental insurance is reported by more than two-fifths. Most Insurance Office Branch Managers report high levels of job satisfaction. Women make up a slight majority of Insurance Office Branch Managers (59 percent) survey respondents. This snapshot results from replies to PayScale's salary survey.

$32,754 - $119,754
$33K
$59K
$120K
MEDIAN: $58,657
10%
50%
90%

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$12.16 - $26.63
$12
$17
$27
MEDIAN: $16.59
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$32,754 - $119,754  
   
Bonus
$98.63 - $25,760  
Profit Sharing
$0.00 - $14,682  
Commission
$817 - $48,936  
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).
)
$30,635 - $128,229  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 161
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$12.16 - $26.63  
   
Overtime
$40.40  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$98.63 - $25,760  
   
Commission
$817 - $48,936  
Profit Sharing
$0.00 - $14,682  
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).
)
$30,635 - $128,229  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 31

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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.

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Popular Skills for Branch Manager, Insurance Office


Insurance Office Branch Managers usually report a few specific skills. 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. For most people, competency in Insurance indicates knowledge of 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.

Related Job Salaries

Key Stats for Branch Manager, Insurance Office

Gender

Female
59 %
Male
41 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.
1-4 years
23%
5-9 years
19%
10-19 years
32%
20 years or more
26%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Branch Manager, Insurance Office Salaries

▲35%

▲6%

National Average
$59,000

▼1%

▼27%

Skills That Affect Branch Manager, Insurance Office Salaries

▲1%

National Average
$59,000


Office Management
▼27%

Customer Relationship Management (CRM)
▼28%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

1-4 years
23%
5-9 years
19%
10-19 years
32%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 45%
vision benefits
Vision: 41%
no benefits
None: 33%