Branch Manager, Insurance Office Salary

With slightly less than two-thirds 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 $50K annually and can range from $29K on the lower end to $103K per year near the higher end. Individual bonuses, profit sharing and commission for Insurance Office Branch Managers — as high as $30K, $10K and $26K, respectively — each contribute to the degree of variation within overall compensation, ranging from $29K to $103K. Job satisfaction for Insurance Office Branch Managers is high. Although the larger part have medical coverage and just over two-fifths have dental coverage, over a third claim no health benefits at all. Men are in the minority of survey respondents, with female Insurance Office Branch Managers making up 75 percent. This snapshot results from replies to PayScale's salary survey.

$29,363 - $107,712
(Median)
$29K
$50K
$110K
MEDIAN: $49,754
10%
50%
90%

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$11.47 - $24.23
(Median)
$11
$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
$29,363 - $107,712  
   
Bonus
$0.00 - $29,661  
Profit Sharing
$496.65 - $10,213  
Commission
$602 - $25,760  
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).
)
$29,048 - $103,091  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 230
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
$11.47 - $24.23  
   
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 - $29,661  
   
Commission
$602 - $25,760  
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).
)
$29,048 - $103,091  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 63

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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 report a narrow range of 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 seem to negatively impact pay include Customer Relationship Management and Operations Management. It is not unusual for someone who knows Insurance to be familiar with 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.


Insurance Office Branch Managers with a lot of experience tend to enjoy higher earnings. Workers in their first five years can expect to earn $36K, but people who have been around for five to 10 years earn a noticeably bigger sum of $45K. Insurance Office Branch Managers see a median salary of $53K after reaching one to two decades on the job. Insurance Office Branch Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $56K.

Related Job Salaries

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Experience Affects Branch Manager, Insurance Office Salaries

Late-Career
up arrow 15%

Experienced
up arrow 8%

National Average
$49,000

Mid-Career
up arrow 8%

Entry-Level
up arrow 25%

Skills That Affect Branch Manager, Insurance Office Salaries

Insurance
0%

National Average
$49,000


Customer Relationship Management (CRM)
up arrow 13%

Job Satisfaction

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

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
21%
10-19 years
37%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 62% dental benefits Dental: 44%
vision benefits Vision: 31% employee benefits None: 37%