Insurance Managing Broker Salary in New Jersey

How much does an Insurance Managing Broker make in New Jersey? The average Insurance Managing Broker salary in New Jersey is $234,077 as of October 30, 2019, but the range typically falls between $188,379 and $292,591. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. View the Cost of Living in New Jersey

About New Jersey    New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More

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)

Select a city to view specific salary and bonus information for Insurance Managing Broker

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Location Avg. Salary Date Updated
Location Absecon, NJ Avg. Salary $223,634 Date Updated October 30, 2019
Location Adelphia, NJ Avg. Salary $237,707 Date Updated October 30, 2019
Location Allamuchy, NJ Avg. Salary $235,926 Date Updated October 30, 2019
Location Allendale, NJ Avg. Salary $239,810 Date Updated October 30, 2019
Location Allenhurst, NJ Avg. Salary $238,272 Date Updated October 30, 2019
Location Allentown, NJ Avg. Salary $234,822 Date Updated October 30, 2019
Location Allenwood, NJ Avg. Salary $237,962 Date Updated October 30, 2019
Location Alloway, NJ Avg. Salary $221,579 Date Updated October 30, 2019
Location Alpine, NJ Avg. Salary $239,602 Date Updated October 30, 2019
Location Andover, NJ Avg. Salary $237,505 Date Updated October 30, 2019

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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