Insurance Managing Broker Salary in the United States

How much does an Insurance Managing Broker make hourly in the United States? The average hourly wage for an Insurance Managing Broker in the United States is $100 as of September 26, 2019, but the range typically falls between $80 and $125. 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.  View the Cost of Living in Major Cities

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 2019 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

 
 
 
80
125
100

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
88
165
115
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 the United States. The average hourly rate for Insurance Managing Broker ranges from $80 to $125 with the average hourly pay of $100. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $88 to $165 with the average total hourly cash compensation of $115.
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80
125

 

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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