What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

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 $110K per year, but median earnings come to around $51K per year. Total cash compensation to Insurance Office Branch Managers bottoms out near $29K and approaches $110K on the high end; the biggest paychecks include approximately $30K from bonuses and almost $10K from profit sharing. Although the larger part have medical coverage and just under one-half have dental coverage, more than a third claim no health benefits at all. Female Insurance Office Branch Managers make up most of the survey respondents at 74 percent. For the most part, Insurance Office Branch Managers enjoy their work and report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

$29,653 - $111,070
(Median)
$30K
$51K
$110K
MEDIAN: $50,656
10%
50%
90%

Add this chart to your site: 640px    300px

$11.32 - $24.05
(Median)
$11
$16
$24
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$29,653 - $111,070  
   
Bonus
$0.00 - $29,696  
Profit Sharing
$484.79 - $10,137  
Commission
$618 - $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).
)
$29,276 - $110,299  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 233
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
$11.32 - $24.05  
   
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 - $29,696  
   
Commission
$618 - $29,361  
Profit Sharing
$484.79 - $10,137  
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).
)
$29,276 - $110,299  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 55
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:


Insurance Office Branch Managers note just a narrow range of job 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. Employees educated in Insurance are typically practiced in Operations Management, too.

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. Survey participants with less than five years' experience pocket $37K on average, but those with five to 10 years of experience enjoy a much bigger median of $49K. Insurance Office Branch Managers who work for 10 to 20 years in their occupation tend to earn about $54K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $58K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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
16%
5-9 years
20%
10-19 years
37%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 64% dental benefits Dental: 46%
vision benefits Vision: 34% employee benefits None: 35%
ADVERTISEMENT