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What is the highest and lowest pay for Insurance Broker?

As of December 01, 2024, the average annual pay of Insurance Broker in West Orange, NJ is $106,205. While Salary.com is seeing that the highest pay for Insurance Broker in West Orange, NJ can go up to $151,235 and the lowest down to $78,707, but most earn between $91,812 and $129,776. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker in the United States.

Insurance Broker Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $114,846 $9,570 $2,209 $55
Average $93,987 $7,832 $1,807 $45
25th Percentile $81,249 $6,771 $1,562 $39

Average Salary

25% $91,812 10% $78,707 90% $151,235 75% $129,776 $106,205 50%(Median) Didn’t find job title? Click
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View Insurance Broker Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Insurance Broker salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Insurance Broker hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Insurance Broker $100,989
Intermediate Level Insurance Broker $101,417
Senior Level Insurance Broker $107,444
Specialist Level Insurance Broker $117,248
Expert Level Insurance Broker $117,948
$100,989 0 yr
$101,417 < 2 yrs
$107,444 2-4 yrs
$117,248 5-8 yrs
$117,948 > 8 yrs
Last Updated on December 01, 2024
Entry Level 7%
Mid Level 8%
Senior Level 14%
Top Level 25%
Experienced 25%
View as graph
Last Updated on December 01, 2024

Job Openings of Insurance Broker

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

Cost of Living In West Orange, NJ

Cost of Living in West Orange , NJ is
19.1% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Insurance Broker

What skills does an Insurance Broker 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.

Cold Calling: Cold calling is the solicitation of business from potential customers who have had no prior contact with the salesperson conducting the call. It is an attempt to convince potential customers to purchase either the salesperson's product or service. Generally, it is referred as an over-the-phone process, making it a source of telemarketing, but can also be done in-person by door-to-door salespeople. Though cold calling can be used as a legitimate business tool, scammers can use cold calling as well.

3.

Telemarketing: Telemarketing (sometimes known as inside sales, or telesales in the UK and Ireland) is a method of direct marketing in which a salesperson solicits prospective customers to buy products or services, either over the phone or through a subsequent face to face or Web conferencing appointment scheduled during the call. Telemarketing can also include recorded sales pitches programmed to be played over the phone via automatic dialing. Telemarketing is defined as contacting, qualifying, and canvassing prospective customers using telecommunications devices such as telephone, fax, and internet. It does not include direct mail marketing.

Presentation 5.06%
Cold Calling 2.62%
Telemarketing 1.7%
Others 90.62%
View as Table
What skills can make your compensation higher?
Mastering certain skills can make the compensation of an Insurance Broker higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Customer Relationship, you can get a 7% salary raise. If you are good at Telemarketing, your salary will increase by 7%. If you are expert in Product Marketing, your salary will rise by 7%.
Skill Salary Demand
Customer Relationship
$113,640
7%
Telemarketing
$113,640
7%
Product Marketing
$113,640
7%
Listening
$112,578
6%
Outside Sales
$111,516
5%
Billing
$111,516
5%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for an Insurance Broker is $106,205 per year in West Orange, NJ, updated at December 01, 2024.
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