Insurance Broker with Commercial Skills Salary

An Insurance Broker with Commercial skills earns an average salary of $61,093 per year. Experience has a moderate effect on income for this job.

$37,750 - $110,738
$38K
$61K
$110K
MEDIAN: $60,920
10%
50%
90%

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$12.00 - $19.22
$15
MEDIAN: $15.00
50%

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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
$37,750 - $110,738  
   
Bonus
$491.32 - $29,163  
Profit Sharing
$3,630  
Commission
$0.00 - $80,537  
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).
)
$35,577 - $135,837  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 108
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
$15.00  
   
Overtime
$22.00  
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
$491.32 - $29,163  
   
Commission
$0.00 - $80,537  
Profit Sharing
$3,630  
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).
)
$35,577 - $135,837  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 9

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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 $58,000 based on 42 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 $65,000 based on 38 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $76,000 based on 31 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 $90,000 based on 26 salaries.

Key Stats for Insurance Broker

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
Less than 1 year
1%
1-4 years
30%
5-9 years
26%
10-19 years
20%
20 years or more
23%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

Late-Career
▲44%

Experienced
▲21%

Mid-Career
▲4%

National Average
$63,000

Entry-Level
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
30%
5-9 years
26%
10-19 years
20%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 62%
vision benefits
Vision: 56%
no benefits
None: 28%
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