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Claims Manager Salary (United States)

Claims Managers in the United States tend to have a good amount of experience under their belt — just under two-thirds have more than 10 years in the field. While pay runs from $41K to $104K per year, typical earnings come to $70K per year. Final cash compensation to Claims Managers varies from around $41K to approximately $104K; choice pay grades include potential for bonuses and profit sharing as high as $12K and $17K, respectively. Residence and career length each impact pay for this group, with the former having the largest influence. A strong majority report receiving medical coverage from their employers and a solid majority collect dental insurance. Women make up a slight majority of Claims Managers (59 percent). Most Claims Managers like their work and job satisfaction is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
Claims Manager 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.
)
$43,218 - $98,541
(Median)
43K
53K
70K
84K
99K
MEDIAN: $70,243
10%
25%
50%
75%
90%
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Claims Manager 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.
)
$10.17 - $32.03
(Median)
10
14
18
24
32
MEDIAN: $18.00
10%
25%
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
$43,218 - $98,541  
   
Bonus
$0.00 - $11,792  
Profit Sharing
$1,174 - $17,362  
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).
)
$40,548 - $103,656  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 485
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
$10.17 - $32.03  
   
Overtime
$12.82 - $45.53  
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 - $11,792  
   
Profit Sharing
$1,174 - $17,362  
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).
)
$40,548 - $103,656  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 44
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Job Description for Claims Manager

A claims manager works in the insurance industry to coordinate and expedite the processing of customers' claims. The claims manager usually holds a management position with oversight for claims processes, helping ensure that any instances of misappropriation or fraud do not occur.
Read More...
Claims Manager Tasks
  • Investigates out of guidelines inquiries, and ensures compliance to procedures, proper services and settlement of claims.
  • Report metrics, and assists senior management in developing and establishing policies and procedures.
  • Manages the claims activity for a business unit.
  • Oversees investigations and consultations with legal counsel.

Common Career Paths for Claims Manager

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Claims Managers may go on to top-notch roles like Claims Director, where median pay is $101K annually.

Claims Manager, Insurance Job Listings

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Survey results suggest that Claims Managers use a fairly large toolkit of professional skills. Most notably, facility with Litigation Case Management, Insurance, and Project Management are correlated to pay that is significantly above average, leading to increases of 32 percent, 32 percent, and 21 percent, respectively. Those listing Operations Management as a skill should be prepared for drastically lower pay. Customer Relationship Management and Customer Service also typically command lower compensation. Claim Handling and People Management are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Claims Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Claims Managers with a lot of experience tend to enjoy higher earnings. Salaries for the relatively untried average out to around $51K, but survey participants with five to 10 years of experience earn a significantly higher median of $65K. Claims Managers who work for 10 to 20 years in their occupation tend to earn about $75K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $82K on average. Age distribution in this workforce is widespread and evident in its breakdown: 36 percent of those who answered report one to nine years of experience; 34 percent claim 10-20 years, and 29 percent have more than two decades under their belt.

Pay Difference By Location

Tampa
up arrow 23%
Dallas
up arrow 19%
Atlanta
up arrow 10%
Chicago
up arrow 6%
Baltimore
up arrow 5%
New York
up arrow 3%
Philadelphia
up arrow 3%
Cincinnati
up arrow 2%
National Average
$70,000
Houston
up arrow 4%
Los Angeles
up arrow 4%
San Antonio
up arrow 9%
St. Louis
up arrow 24%
Phoenix
up arrow 26%
Columbus
up arrow 31%
Larger circles over a city indicate a job is popular in that location.
Claims Managers will find that Tampa offers an impressive pay rate, one which exceeds the national average by 23 percent. Also paying near the top of the field are Dallas, Atlanta, Chicago, and Baltimore, where Claims Managers annually earn 19 percent, 10 percent, 6 percent, and 5 percent more than the national average. One of the biggest compensable factors for Claims Managers is geography, with workers in Columbus earning a whopping 31 percent below the national average. Two other places where employers offer below-median salaries are Phoenix (26 percent less) and St. Louis (24 percent less).

Related Job Salaries

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Experience Affects Claims Manager Salaries

Late-Career
up arrow 16%
National Average
$70,000
Mid-Career
up arrow 8%
Entry-Level
up arrow 28%

Skills That Affect Claims Manager Salaries

Litigation Case Management
up arrow 32%
Insurance
up arrow 32%
Project Management
up arrow 21%
Claim Handling
up arrow 4%
National Average
$70,000
Customer Service
up arrow 12%
Customer Relationship Management (CRM)
up arrow 26%
Operations Management
up arrow 31%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 130 votes.

Gender

Female
59%
female alumni
 
Male
41%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
22%
10-19 years
34%
20 years or more
29%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 81%
vision benefits Vision: 68% employee benefits None: 8%