Earning around $91K per year on average, Insurance Brokers receive the most money, followed by Insurance Producers ($78K), Senior Account Managers ($70K), and Client Service Managers (approximately $60K). On the lower end are Insurance Agents at about $39K on average.
Years of Experience
Average pay is $61K annually for those with five to nine years of experience. The largest slice of the Arthur J. Gallagher & Company workforce (28 percent) has been working for one to four years and earns, on average, around $52K per year.
When it comes to location, the highest average paycheck ($73K annually) can be spotted in Chicago, Ill.; Rolling Meadows, Ill. (about $72K), Boston, Mass. (approximately $68K), and Houston, Texas ($64K) are the next top-paying cities. At $56K, Itasca, Ill. is home to some of the lowest pay in the country. Across its U.S. offices, the state of Illinois pays Arthur J. Gallagher & Company the most — approximately $70K per year on average.
Certifications and Degrees
Monetary compensation comes to $100K annually for Risk Management Associates, far surpassing the earnings of non-credentialed workers. Bigger paychecks are awarded to Claims Associates with credentials; these people earn around $80K per year on average. It pays to have a Master of Business Administration (MBA), Finance at Arthur J. Gallagher & Company — these employees make the most at about $79K annually.
In this role, the best-paying skill appears to be Financial Analysis; individuals who claim it among their capabilities enjoy a higher median salary of $72K per year. Folks here also tend to know Insurance; on the survey, just under one in three of workers named it in their skills portfolios. Three more common skills are Microsoft Excel, Account Management, and Customer Service.
Benefits and Perks
As part of compensation, Arthur J. Gallagher & Company gives paid vacation to a third of workers and paid sick leave to a fifth of employees. A solid majority of survey participants contribute to 401(k) savings accounts sponsored by the firm. Most employees can count on health insurance, and most respondents have dental coverage as a benefit. The company also dishes out perks such as a stock purchase plan, life insurance, free drinks, and tuition reimbursement.