Branch Manager, Insurance Office Salary

Insurance Office Branch Managers in the United States tend to have a good amount of experience under their belt — slightly less than three-fifths have more than 10 years in the field. While pay runs from $32K to $128K per year, median earnings come to $59K per year. Including potential for bonuses and profit sharing — peaking near $28K and $15K, respectively — total cash payment to Insurance Office Branch Managers can bottom out near $32K or peak near $128K depending on individual performance. Work is enjoyable for Insurance Office Branch Managers, who typically claim high levels of job satisfaction. Insurance Office Branch Managers survey participants are largely women, dominating at 61 percent. Although one-third lack health benefits of any kind, the larger part do enjoy medical insurance, and slightly less than one-half get dental coverage, too. This overview is based on answers to PayScale's salary questionnaire.

$35,368 - $122,011
$35K
$60K
$120K
MEDIAN: $60,247
10%
50%
90%

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$12.92 - $25.25
$13
$17
$25
MEDIAN: $16.95
10%
50%
90%

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$0$131K
Salary $35,368 - $122,011
Bonus $400.00 - $25,434
Profit Sharing $0.00 - $15,205
Commission $1,150 - $45,000
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).
)
$32,025 - $131,659
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 167
Hourly Data $0$29
Hourly Rate $12.92 - $25.25
Hourly Tips $2.50
Overtime $29.75
Annual Data $0$131K
Bonus $400.00 - $25,434
Commission $1,150 - $45,000
Profit Sharing $0.00 - $15,205
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).
)
$32,025 - $131,659
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 41

Find Out Exactly What You Should Be Paid

United States (change)

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


Survey takers who work as Insurance Office Branch Managers typically report just a few professional skills. Most notably, skills in Insurance, Operations Management, Office Management, and Customer Relationship Management (CRM) are correlated to pay that is above average. Customer Relationship Management and Office Management, on the other hand, are typically associated with much lower pay. Most people experienced in 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
62 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.
1-4 years
23%
5-9 years
19%
10-19 years
33%
20 years or more
25%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Branch Manager, Insurance Office Salaries

▲36%

▲7%

▼0%

National Average
$59,000

▼27%

Skills That Affect Branch Manager, Insurance Office Salaries

▲2%

National Average
$59,000


Office Management
▼26%

Customer Relationship Management (CRM)
▼27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

1-4 years
23%
5-9 years
19%
10-19 years
33%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 48%
vision benefits
Vision: 42%
no benefits
None: 30%
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