How much does an Insurance Broker Executive make in Phoenix, AZ? The average Insurance Broker Executive salary in Phoenix, AZ is $253,794 as of February 26, 2024, but the range typically falls between $209,673 and $311,240. Salary ranges 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. 

Insurance Broker Executive Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Broker Executive Salary $169,503 Phoenix,AZ February 26, 2024
25th Percentile Insurance Broker Executive Salary $209,673 Phoenix,AZ February 26, 2024
50th Percentile Insurance Broker Executive Salary $253,794 Phoenix,AZ February 26, 2024
75th Percentile Insurance Broker Executive Salary $311,240 Phoenix,AZ February 26, 2024
90th Percentile Insurance Broker Executive Salary $363,543 Phoenix,AZ February 26, 2024
25% $209,673 10% $169,503 90% $363,543 75% $311,240 $253,794 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does an Insurance Broker Executive need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.

2.

Customer Contact: Customer Contact is the process of handling a query of the customer before, during, and after the purchase of any product or service.

3.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

Presentation 4.95%
Customer Contact 1.47%
Futures 2.57%
Others 91.01%

Job Description for Insurance Broker Executive

Insurance Broker Executive directs the marketing of customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Leads team to obtain and negotiate quotes from different carriers, meet profitability targets, drive customer satisfaction and retention. Being an Insurance Broker Executive ensures efficient operational processes. May lead the most complex accounts and deals. Additionally, Insurance Broker Executive has deep knowledge of complex insurance products and multiple lines such as commercial property & casualty, employee benefits, and others. 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). Requires a bachelor's degree. Typically reports to senior management. The Insurance Broker Executive typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be an Insurance Broker Executive typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Insurance Broker Executive.

Salary.com job board provides millions of Insurance Broker Executive information for you to search for. Click on search button below to see Insurance Broker Executive job openings or enter a new job title here.

Job Openings for Insurance Broker Executive in Phoenix, AZ
Those that have already made the climb...
Ebrahim Busheri, Director of Investments
Manning & Napier, Inc. is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public eq... More
Fiscal Year Ended in 2021
Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Insurance Broker Executive

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Insurance Broker Executive salary varies from city to city. Compared with national average salary of Insurance Broker Executive, the highest Insurance Broker Executive salary is in San Francisco, CA, where the Insurance Broker Executive salary is 25.0% above. The lowest Insurance Broker Executive salary is in Miami, FL, where the Insurance Broker Executive salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Insurance Broker Executive, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
209673
311240
253794

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
243143
389340
301837
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker Executive in Phoenix, AZ. The base salary for Insurance Broker Executive ranges from $209,673 to $311,240 with the average base salary of $253,794. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $243,143 to $389,340 with the average total cash compensation of $301,837.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

209673
311240

 

Step 3 of 3

How much should you be paid?

About Phoenix, Arizona    Phoenix is in the southwestern United States, in the south-central portion of Arizona; about halfway between Tucson to the southeast and Flagstaff to ....More

Phoenix, Arizona  area prices were up 2.2% from a year ago    View the Cost of Living in Phoenix, Arizona

Insurance Broker Executive Salary in popular cities: TucsonMesaChandler

Skills associated with Insurance Broker Executive: Develop Sales Targets, Account Management, Relationship Management, Operations Management ...More

Recently searched related titles: Broker Development Manager, Head Of Insurance

Jobs with a similar salary range to Insurance Broker Executive : Insurance Sales Executive

Salary estimation for Insurance Broker Executive at companies like : Delano Biomass Energy Company Inc, Wholesale Electric Caribe, Lincoln National Life