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Branch Manager, Insurance Office Salary

Slightly less than two-thirds of Insurance Office Branch Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $29K to $106K per year, but median earnings come to around $50K annually. The final incomes of Insurance Office Branch Managers generally vary between $29K and $106K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $30K, $10K, and $29K, respectively. Job satisfaction is reported as high by the vast majority of workers. Men are in the minority of survey respondents, with female Insurance Office Branch Managers making up 74 percent. While some workers in this profession — over a third — do not have any health coverage, a majority do receive medical benefits and just over two-fifths have dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.

$29,547 - $108,241
(Median)
$30K
$50K
$110K
MEDIAN: $50,386
10%
50%
90%

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$11.68 - $23.96
(Median)
$12
$16
$24
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
$29,547 - $108,241  
   
Bonus
$0.00 - $29,799  
Profit Sharing
$496.65 - $10,213  
Commission
$596 - $29,361  
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).
)
$29,217 - $106,068  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 228
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
$11.68 - $23.96  
   
Overtime
$15.48 - $24.87  
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 - $29,799  
   
Commission
$596 - $29,361  
Profit Sharing
$496.65 - $10,213  
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).
)
$29,217 - $106,068  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 56

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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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Insurance Office Branch Managers usually report a few specific skills. Those who have experience with Insurance, Operations Management, and Customer Relationship Management can expect to be compensated well for these skills. Skills that pay less than market rate include Customer Relationship Management and Operations Management. Insurance and Operations Management are also commonly seen together.

Pay by Experience Level for Branch Manager, Insurance Office

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


Insurance Office Branch Managers with a lot of experience tend to enjoy higher earnings. Salaries for the relatively untried average out to around $37K, but survey participants with five to 10 years of experience earn a significantly higher median of $49K. Insurance Office Branch Managers see a median salary of $53K after reaching one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $58K on average.

Related Job Salaries

United States (change)

Experience Affects Branch Manager, Insurance Office Salaries

Late-Career
up arrow 16%

Experienced
up arrow 7%

National Average
$50,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 26%

Skills That Affect Branch Manager, Insurance Office Salaries

National Average
$50,000

Insurance
up arrow 1%


Customer Relationship Management (CRM)
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
21%
10-19 years
37%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 63% dental benefits Dental: 45%
vision benefits Vision: 32% employee benefits None: 36%
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