MFS Insurance Services Salary

MFS Insurance Services Salary

Salaries

Job Openings

Similar Company

Reviews

Overview

FAQ

Recommended HR Topics
Global Market Data Hot Insights on Your Competitors' PayNew Compensation Planning Hot Develop a Job Description Pay Equlity Benefits Consulting
As of August 2026, the average annual salary for employees at MFS Insurance Services in the United States is $96,788. This translates to an approximate hourly wage of $47. Salaries at MFS Insurance Services typically range from $85,157 to $109,440 annually, reflecting the diverse roles and experience levels within the company.

How Much Does MFS Insurance Services Pay for Different Roles?

Explore detailed salary information for specific jobs at MFS Insurance Services. Based on our data, the highest paying job is the President, with an annual salary of $749,227. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at MFS Insurance Services

Ready for your next career move? Explore current job openings at MFS Insurance Services. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is MFS Insurance Services’s Pay Competitive? Salary Benchmarking Analysis

How does MFS Insurance Services's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Ramey Insurance Agency $86,293
-10.8%
Ramey Insurance Agency operates with a leaner overhead structure, impacting base wage offers.
Alternative Risk Solutions LLC $89,247
-7.8%
Typical compensation structure for smaller regional agencies like Alternative Risk Solutions LLC.
Cmh Risk Partners LLC $84,743
-12.4%
Cmh Risk Partners LLC may offer non-monetary perks in lieu of competitive base salaries.
Servicecontract.COM Inc $89,183
-7.9%
Reflects market rates for standard general contracting, differing from specialized roles.
Insurance Industry $123,858
+28.0%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How MFS Insurance Services's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at MFS Insurance Services. Click a company name to learn more.

Employee Reviews: Working at MFS Insurance Services

Considering a career at MFS Insurance Services? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Overall, it’s a great place for those looking to build a long-term career in insurance. The insurance training programs are top-notch, and leadership is invested in employee success. The insurance industry is fast-paced, but the team is supportive. Work-life balance is respected, and the office atmosphere is positive. It’s a forward-thinking employer in the insurance space.
Commented in April 27, 2025
11
0
Compensation is competitive, and the 401(k) match is a great perk. The team atmosphere is collaborative, and managers are open to feedback. I’ve enjoyed working here—the team is knowledgeable, and management is supportive. The company is well-run, with a focus on efficiency. Compensation is competitive, and benefits are comprehensive. I joined this insurance firm a year ago, and it’s been a positi...
Commented in December 15, 2024
18
0
I’ve been with this insurance firm for over two years, and it’s been a fantastic journey. Management is supportive, and career advancement is possible. The insurance industry knowledge gained is invaluable. The office environment is modern, and remote workers receive good tech support.
Commented in March 02, 2024
8
3

MFS Insurance Services Overview

Website
www.mfsinsurance.com
Founded In
2001
Employees
<25 employees
Industry
Insurance
Headquarter Address
1704 W Foster Ave Chicago Illinois IL 60640
Revenue
<$5 Million
Phone Number
+1 8479850062
Social Media
About MFS Insurance Services
MFS Insurance Services has been providing their Insurance services to clients since 1995 in Schaumburg and Chicago. We are presently licensed in Illinois, Indiana, Wisconsin and Florida. This is no cookie cutter approach to insurance as MFS as an independent agency has access to many companies and will provide quotes from multiple carriers as our goal is to find the best coverage at the lowest pri

What Benefits Does MFS Insurance Services Offer Beyond Salary?

A competitive compensation package is more than just a salary. MFS Insurance Services offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at MFS Insurance Services?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details
illustration

What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at MFS Insurance Services.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from MFS Insurance Services, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of MFS Insurance Services salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MFS Insurance Services

1. What is the average salary for employees at MFS Insurance Services?

The average annual total compensation for employees at MFS Insurance Services is approximately $96,788. However, this is an aggregate figure, actual salaries can range significantly, typically from $85,157 to $109,440, depending on factors like job role, experience, and location.

2. How much does MFS Insurance Services pay compared to Ramey Insurance Agency?

The average annual salary at MFS Insurance Services is $96,788, or an hourly wage of $47, in comparison to Ramey Insurance Agency which pays $86,293 per year or $41 per hour.

3. What is the lowest salary at MFS Insurance Services?

The lowest-paying job at MFS Insurance Services is an Assistant Preschool Teacher with a salary of $27,182 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at MFS Insurance Services?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at MFS Insurance Services for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does MFS Insurance Services offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?

While some companies offer formal COLA, many, including potentially MFS Insurance Services, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at MFS Insurance Services?

Most companies, likely including MFS Insurance Services, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning