How much does an Insurance Managing Broker make in the United States? The average Insurance Managing Broker salary in the United States is $216,000 as of June 28, 2021, but the range typically falls between $173,837 and $270,003. 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, helps you determine your exact pay target. 

Based on HR-reported data: a national average with a geographic differential
25% $173,837 10% $135,450 90% $319,169 75% $270,003 $216,000 50%(Median)
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Check out Insurance Managing Broker jobs in Virginia

Assistant Property Manager

Drucker + Falk, LLC - Baskerville, VA

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Affinity Group, Sales & Marketing Agency - Chesapeake, VA

Freight Broker

Riverside Logistics - Richmond, VA

Job Description for Insurance Managing Broker

Insurance Managing Broker 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. Being an Insurance Managing Broker 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. Additionally, Insurance Managing Broker 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. The Insurance Managing Broker work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be an Insurance Managing Broker typically requires 7+ years of related experience. (Copyright 2021 View full job description

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Career Path for Insurance Managing Broker

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Robert DeAngelis, President, CEO and CFO
Fiscal Year Ended in 2018
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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
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average

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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Managing Broker in the United States. The base salary for Insurance Managing Broker ranges from $173,837 to $270,003 with the average base salary of $216,000. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $190,760 to $357,341 with the average total cash compensation of $248,075.
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Skills associated with Insurance Managing Broker: Risk Assessment, Negotiation, Insurance Products, Partner Relationship Management ...More

Salary estimation for Insurance Managing Broker at companies like : EPAM Systems, Inc., Groupon, Inc., REAC GROUP INC