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Branch Manager, Insurance Office Salary (United States)

Insurance Office Branch Managers who are practiced in their profession and carry more than 10 years of experience make up slightly less than two-thirds of Insurance Office Branch Managers. Pay fluctuates from $29K to $100K per year, but expected earnings average $49K per year. In the world of Insurance Office Branch Managers, total cash compensation ranges from $29K on the lower end to $100K on the higher end; this includes bonuses that reach $29K and profit sharing that approaches $10K in rare cases, with some high rollers snagging commissions as high as $25K. Although more than a third lack health benefits of any kind, the larger part do enjoy medical insurance, and more than two-fifths get dental coverage, too. Female Insurance Office Branch Managers make up most of the survey respondents at 76 percent. Job satisfaction is reported as high by the vast majority of workers. This report is based on answers to PayScale's salary questionnaire.
Branch Manager, Insurance Office Salary (?
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.
)
$29,837 - $102,356
(Median)
30K
49K
62K
100K
MEDIAN: $49,263
10%
50%
75%
90%
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Branch Manager, Insurance Office Salary (?
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.
)
$11.57 - $23.55
(Median)
12
15
19
24
MEDIAN: $15.00
10%
50%
75%
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
$29,837 - $102,356  
   
Bonus
$0.00 - $28,828  
Profit Sharing
$498.89 - $10,067  
Commission
$964 - $24,875  
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).
)
$29,264 - $100,149  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 261
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
$11.57 - $23.55  
   
Overtime
$0.14 - $27.67  
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 - $28,828  
   
Commission
$964 - $24,875  
Profit Sharing
$498.89 - $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).
)
$29,264 - $100,149  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 69
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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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Survey results show that Insurance Office Branch Managers typically report just a few professional skills. Those who have experience with Insurance, Operations Management, and Customer Relationship Management can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include 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.
Salaries for inexperienced workers average out to $43K, and those with five to 10 years' experience earn a higher median of $36K. Insurance Office Branch Managers see a median salary of $53K after reaching one to two decades on the job. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $52K.

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Experience Affects Branch Manager, Insurance Office Salaries

Experienced
up arrow 10%
Late-Career
up arrow 8%
National Average
$48,000
Mid-Career
up arrow 11%
Entry-Level
up arrow 24%

Skills That Affect Branch Manager, Insurance Office Salaries

Insurance
0%
National Average
$48,000
Customer Relationship Management (CRM)
up arrow 12%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 56 votes.

Gender

Female
76%
female alumni
 
Male
24%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
15%
5-9 years
20%
10-19 years
37%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 61% dental benefits Dental: 42%
vision benefits Vision: 31% employee benefits None: 38%