Branch Manager, Insurance Office Salary

The majority of Insurance Office Branch Managers in the United States — just below two-thirds — boast more than 10 years of experience in their profession. Salaries stretch from $29K to $105K per year, and the median is $51K annually. Total cash earnings of Insurance Office Branch Managers range from $29K on the low end to $105K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $26K and $10K, respectively. Most Insurance Office Branch Managers report high levels of job satisfaction. Some workers in this field — over a third — are not awarded benefits. Medical coverage is reported by a majority and dental plans are enjoyed by just over two-fifths. Female Insurance Office Branch Managers make up most of the survey respondents at 76 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.

$29,128 - $107,479
(Median)
$29K
$51K
$110K
MEDIAN: $50,633
10%
50%
90%

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$11.13 - $24.66
(Median)
$11
$16
$25
MEDIAN: $16.00
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
$29,128 - $107,479  
   
Bonus
$0.00 - $25,760  
Profit Sharing
$100.67 - $9,933  
Commission
$967 - $30,410  
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).
)
$28,857 - $105,234  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 240
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
$11.13 - $24.66  
   
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 - $25,760  
   
Commission
$967 - $30,410  
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).
)
$28,857 - $105,234  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 58
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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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Professional skills reported by Insurance Office Branch Managers are few in number. 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. Those with knowledge of Insurance tend to be skilled in Operations Management as well.

Pay by Experience Level for Branch Manager, Insurance Office

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The average beginner in this position makes around $36K, but folks who have been around for five to 10 years see a markedly higher median salary of $50K. For Insurance Office Branch Managers, 10 to 20 years of experience on the job amounts to an average salary of $55K. Individuals who report more than two decades of experience seem to make about the same as folks in the 10-to-20 year range.

Related Job Salaries

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Experience Affects Branch Manager, Insurance Office Salaries

Experienced
up arrow 10%

Late-Career
up arrow 10%

Mid-Career
up arrow 1%

National Average
$50,000

Entry-Level
up arrow 27%

Skills That Affect Branch Manager, Insurance Office Salaries

National Average
$50,000

Insurance
up arrow 1%


Customer Relationship Management (CRM)
up arrow 14%

Job Satisfaction

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

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
20%
10-19 years
36%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 62% dental benefits Dental: 45%
vision benefits Vision: 33% employee benefits None: 37%
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