As of February 01, 2025, the average annual salary for an Insurance Managing Broker in South Dakota is $217,036. Salary.com reports that pay typically ranges from $174,669 to $271,290, with most professionals earning between $136,096 and $320,686.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $301,769 | $25,147 | $5,803 | $145 |
| Average | $241,419 | $20,118 | $4,643 | $116 |
| 25th Percentile | $194,292 | $16,191 | $3,736 | $93 |
An entry-level Insurance Managing Broker with under 1 year experience makes about $193,028. With less than 2 years of experience, a mid-level Insurance Managing Broker makes around $196,159. After 2-4 years, the Insurance Managing Broker pay rises to about $201,169. Those senior Insurance Managing Broker with 5-8 years of experience earn roughly $208,685, and those Insurance Managing Broker having 8 years or more experience are expected to earn about $220,562 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Managing Broker | $193,028 |
| Intermediate Level Insurance Managing Broker | $196,159 |
| Senior Level Insurance Managing Broker | $201,169 |
| Specialist Level Insurance Managing Broker | $208,685 |
| Expert Level Insurance Managing Broker | $220,562 |
| Entry Level | 20% |
| Mid Level | 19% |
| Senior Level | 17% |
| Top Level | 14% |
| Experienced | 9% |
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Insurance Managing Broker salary varies from city to city. Compared with national average salary of Insurance Managing Broker, the highest Insurance Managing Broker salary is in San Francisco, CA, where the Insurance Managing Broker salary is 25.0% above. The lowest Insurance Managing Broker salary is in Miami, FL, where the Insurance Managing Broker salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $301,774 |
25.0%
|
| Washington, DC | $268,699 |
11.3%
|
| Miami, FL | $232,969 |
|
| Chicago, IL | $253,249 |
4.9%
|
| Boston, MA | $270,631 |
12.1%
|
| New York, NY | $281,977 |
16.8%
|
