Insurance Managing Broker Salary in San Jose, California

How much does an Insurance Managing Broker make hourly in San Jose, CA? The average hourly wage for an Insurance Managing Broker in San Jose, CA is $130 as of May 27, 2021, but the range typically falls between $105 and $163. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

About San Jose, California    San Jose is located at 37°20′07″N 121°53′31″W / 37.335278°N 121.891944°W / 37.335278; -121.891944. According to the United States Census Bureau, th....More

San Jose, California  area prices were up 2.9% from a year ago    View the Cost of Living in San Jose, California

Job Description

Develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Develops recommendations to advise customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. (Copyright 2021 Salary.com)

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Understand the total hourly compensation opportunity for a Insurance Managing Broker, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
105
163
130

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
115
215
149
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Managing Broker in San Jose, CA. The average hourly rate for Insurance Managing Broker ranges from $105 to $163 with the average hourly pay of $130. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $115 to $215 with the average total hourly cash compensation of $149.
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105
163

 

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Career Path for this job

  1. Down a level:

    Insurance Senior Broker

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Managing Broker

    7 + years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Broker Executive


    Bachelor's Degree

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Job Openings for Insurance Managing Broker in San Jose, CA