Branch Manager, Insurance Office Salary

Insurance Office Branch Managers in the United States tend to be well-versed in their field, and just under two-thirds have more than 10 years of experience. Average salary is expected to be around $50K annually, but may range from $29K to $105K per year. With bonuses occasionally running north of $28K, profit sharing proceeds sometimes surpassing $10K, and a few commissions as high as $30K, total income for Insurance Office Branch Managers can range between $29K and $105K according to individual performance. Health benefits are not enjoyed by everyone in this line of work, and over a third lack any coverage at all. Medical benefits are reported by a majority and dental coverage is claimed by just over two-fifths. For the most part, Insurance Office Branch Managers enjoy their work and report high levels of job satisfaction. Most Insurance Office Branch Managers survey respondents are women (75 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$28,889 - $107,479

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$11.16 - $24.57

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$28,889 - $107,479  
   
Bonus
$0.00 - $27,500  
Profit Sharing
$99.33 - $10,067  
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).
)
$28,705 - $105,021  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 240
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$11.16 - $24.57  
   
Overtime
$15.26 - $26.51  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $27,500  
   
Commission
$967 - $30,410  
Profit Sharing
$99.33 - $10,067  
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).
)
$28,705 - $105,021  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 59
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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 seem to negatively impact pay include Customer Relationship Management and Operations Management. Many workers who know Insurance also know Operations Management.

Pay by Experience Level for Branch Manager, Insurance Office

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


For many Insurance Office Branch Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. The average worker who claims fewer than five years of experience earns around $36K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $50K. Insurance Office Branch Managers who work for 10 to 20 years in their occupation tend to earn about $55K. Insurance Office Branch Managers who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Related Job Salaries

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Experience Affects Branch Manager, Insurance Office Salaries

Late-Career
up arrow 11%

Experienced
up arrow 10%

Mid-Career
0%

National Average
$50,000

Entry-Level
up arrow 27%

Skills That Affect Branch Manager, Insurance Office Salaries

National Average
$50,000

Insurance
up arrow 2%


Customer Relationship Management (CRM)
up arrow 14%

Job Satisfaction

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

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
20%
10-19 years
35%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 61% dental benefits Dental: 44%
vision benefits Vision: 32% employee benefits None: 38%
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