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Insurance Product Development Analyst II Salary in the United States

How much does an Insurance Product Development Analyst II make in the United States?

As of September 01, 2026, the average salary for an Insurance Product Development Analyst II in the United States is $71,500 per year, which breaks down to an hourly rate of $34.

However, an Insurance Product Development Analyst II's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $75,781
  • Majority Range (25th-75th percentile): $68,360 to $73,741
  • Entry-Level (10th percentile): $65,501
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Insurance Product Development Analyst II Salaries

An Insurance Product Development Analyst II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Insurance Product Development Analyst II Salaries?

Experience is a primary driver of an Insurance Product Development Analyst II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $70,469
  • Early Career (1-2 years): $70,563
  • Mid-Level (2-4 years): $71,667
  • Senior-Level (5-8 years): $72,604
  • Expert (over 8 years): $72,671
Levels Salary
Entry Level Insurance Product Development Analyst II$70,469
Intermediate Level Insurance Product Development Analyst II$70,563
Senior Level Insurance Product Development Analyst II$71,667
Specialist Level Insurance Product Development Analyst II$72,604
Expert Level Insurance Product Development Analyst II$72,671
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How Do Insurance Product Development Analyst II Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Product Development Analyst IIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $79,165.
  • California: $78,865.
  • Massachusetts: $77,813.

Top Paying Cities for Insurance Product Development Analyst IIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $90,183
  • San Francisco: $89,196
  • Oakland: $87,316

Insurance Product Development Analyst II Salary by Company Size: Startups vs. Enterprise

Insurance Product Development Analyst II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $77,214. While startup companies pay approximate $65,440.

Insurance Product Development Analyst II Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $65,440
Growth Stage 51~500 $69,190
Established 501~5000 $74,582
Enterprise 5000+ $77,214

Insurance Product Development Analyst II Salary by Industry: Top Paying Sectors

For Insurance Product Development Analyst II roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 40% above the average. In contrast, Insurance Product Development Analyst positions in Business Services or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Insurance Product Development Analyst II as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Product Development Analyst II

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$100,100$48.040%
Insurance$85,800$41.020%

Insurance Product Development Analyst II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Product Development Analyst II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on September 01, 2026
$68,360
Average $71,500/year
$73,741
$5,697
Average $5,958/month
$6,145
$1,315
Average $1,375/week
$1,418
$33
Average $34/hour
$35
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $73,741 $6,145 $1,418 $35
Average $71,500 $5,958 $1,375 $34
25th Percentile $68,360 $5,697 $1,315 $33

Insurance Product Development Analyst II Salary Growth & Career Path

Insurance Product Development Analyst II

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Insurance Product Development Analyst II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
BCBS Interplan Operations Manager $160,917 125%
Clinical Programs Development Deputy Director $158,017 121%
SVP of Dental Program Development $328,893 360%
SVP of Government Program Development $394,179 451%

Most common benefits for Insurance Product Development Analyst II

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Insurance Product Development Analyst II

Here are companies hiring for Insurance Product Development Analyst II and their salaries, click below for more details.

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FAQ about Insurance Product Development Analyst II

1. Where can an Insurance Product Development Analyst II earn the most?

An Insurance Product Development Analyst II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Insurance Product Development Analyst II earns the most in San Jose, CA, where the annual salary of an Insurance Product Development Analyst II is $90,183.

2. What is the highest pay for Insurance Product Development Analyst II?

The highest pay for Insurance Product Development Analyst II is $75,781.

3. What is the lowest pay for Insurance Product Development Analyst II?

The lowest pay for Insurance Product Development Analyst II is $65,501.

4. What are the responsibilities of Insurance Product Development Analyst II?

Responsible for designing, developing, and enhancing insurance products. Monitors industry trends, competitor filings, and consumer needs to identify opportunities for innovation. Analyzes market trends and customer feedback to determine the strategic direction for product offerings. Collaborates with teams across the organization to launch products, create supporting documentation, and ensure successful delivery. Stays current on applicable laws and regulations to ensure compliance. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.

5. What industry pays the highest salary for Insurance Product Development Analyst II?

The Financial Services industry offers the highest average compensation for Insurance Product Development Analyst II roles, with salaries approximately 40% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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