Insurance Broker in New York Salary

New York Insurance Brokers take home approximately $67K annually on average. Experience level is the biggest factor affecting pay for this group, followed by the specific employer. Generally, women make up less than a third of all Insurance Brokers in New York who answered the questionnnaire. For the most part, Insurance Brokers in New York, N.Y. enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to most, and the larger part earn dental coverage. The numbers in this rundown were provided by PayScale's salary survey participants.

$44,076 - $146,645
$44K
$67K
$150K
MEDIAN: $67,040
10%
50%
90%

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Local 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$60K$120K$180K
Salary
$44,076 - $146,645  
   
Bonus
$1,010 - $30,410  
Profit Sharing
$25,000  
Commission
$6,500  
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).
)
$38,070 - $169,167  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 74

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United States (change)

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About New York, New York

Kings County, New York
8,550,405
Male:
4,081,698 (47.7%)
Female:
4,468,707 (52.3%)
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, one of the most populous urban agglomerations in the world. With a U.S. Census Bureau-estimated 2015 population of 8,550,405 distributed over a land area of just 305 square miles (790 km2), New York is also the most densely populated major city in the United States. A global power city, New York City exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has been described as the cultural and financial capital of the world. Situated...
New York, NY:
$55,752
New York:
$60,850
$1,317
New York, NY:
$538,300
New York:
$293,500
4.7%

Insurance Broker Job Listings

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Popular Employer Salaries for Insurance Broker


For Insurance Brokers in New York, comfortable salaries can be found at AON Corporation; in fact, median earnings sit around $98K, the highest in the area.

Pay by Experience Level for Insurance Broker

Pay by Experience for an Insurance Broker has a positive trend. An entry-level Insurance Broker with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 36 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $93,000 based on 15 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $112,000 based on 22 salaries. An Insurance Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $150,000 based on 15 salaries.

Key Stats for Insurance Broker

Gender

Female
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
Less than 1 year
3%
1-4 years
36%
5-9 years
16%
10-19 years
26%
20 years or more
19%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

▲117%

▲61%

Mid-Career
▲35%

National Average
$69,000

▼13%

Skills That Affect Insurance Broker Salaries

Commercial
▲18%

▲14%

Account Sales
▲14%


Account Management
▲11%


National Average
$69,000

Sales
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
3%
1-4 years
36%
5-9 years
16%
10-19 years
26%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 68%
vision benefits
Vision: 54%
no benefits
None: 16%