Branch Manager, Insurance Office Salary

Insurance Office Branch Managers who are practiced in their profession and carry more than 10 years of experience make up roughly three in five of Insurance Office Branch Managers. Pay fluctuates from $29K to $119K per year, but expected earnings average $53K annually. The range in cash compensation to Insurance Office Branch Managers (largely between $29K and $119K) includes potential earnings of $28K from bonuses, $5K from profit sharing, and commissions of $101K in exceptional cases. Most Insurance Office Branch Managers like their work and job satisfaction is high. Although more than half have medical coverage and slightly less than half 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 73 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$30,006 - $111,332
(Median)
$30K
$53K
$110K
MEDIAN: $52,710
10%
50%
90%

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$11.19 - $21.64
(Median)
$11
$16
$22
MEDIAN: $15.00
10%
50%
90%

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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
$30,006 - $111,332  
   
Bonus
$0.00 - $27,500  
Profit Sharing
$0.00 - $5,106  
Commission
$608 - $100,671  
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).
)
$29,299 - $119,180  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 231
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
$11.19 - $21.64  
   
Overtime
$26.85  
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
$608 - $100,671  
Profit Sharing
$0.00 - $5,106  
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).
)
$29,299 - $119,180  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 49
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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.

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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 who reported more years of relevant experience also reported higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $38K, but folks who have racked up five to 10 years see a notably higher median of $52K. For Insurance Office Branch Managers, 10 to 20 years of experience on the job amounts to an average salary of $59K. 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 $61K.

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Experience Affects Branch Manager, Insurance Office Salaries

Late-Career
up arrow 17%

Experienced
up arrow 13%

Mid-Career
0%

National Average
$52,000

Entry-Level
up arrow 27%

Skills That Affect Branch Manager, Insurance Office Salaries

National Average
$52,000

Insurance
up arrow 4%


Customer Relationship Management (CRM)
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
21%
10-19 years
35%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 47%
medical benefits
Vision: 35%
dental benefits
None: 37%
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