Insurance Senior Broker Salary in Washington, District of Columbia

Insurance Senior Broker Salary in Washington, DC

How much does an Insurance Senior Broker make in Washington, DC? The average Insurance Senior Broker salary in Washington, DC is $180,199 as of March 26, 2024, but the range typically falls between $147,614 and $228,408. 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. 

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Insurance Senior Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Senior Broker Salary $117,946 Washington,DC March 26, 2024
25th Percentile Insurance Senior Broker Salary $147,614 Washington,DC March 26, 2024
50th Percentile Insurance Senior Broker Salary $180,199 Washington,DC March 26, 2024
75th Percentile Insurance Senior Broker Salary $228,408 Washington,DC March 26, 2024
90th Percentile Insurance Senior Broker Salary $272,299 Washington,DC March 26, 2024
25% $147,614 10% $117,946 90% $272,299 75% $228,408 $180,199 50%(Median) Didn’t find job title? Click
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Check out Insurance Senior Broker Job Openings in Washington, District of Columbia

Senior Commercial Insurance Account Manager

The Jonus Group - Agoura Hills, CA

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Life Insurance Broker

North American Senior Benefits- Ohio - Akron, OH

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Senior Underwriter - AgriBusiness

Great American Insurance Group - Cincinnati, OH

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What skills does an Insurance Senior 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.

Flexibility: Adapting, responding to, and dealing with the changing environment and new situations.

2.

Brokerage: A brokerage provides intermediary services in various areas, e.g., investing, obtaining a loan, or purchasing real estate.

3.

Financial Literacy: Financial literacy is the confident understanding of concepts including saving, investing and debt that leads to an overall sense of financial well-being and self-trust.

See More Skills
Flexibility 4.47%
Brokerage 1.28%
Financial Literacy 4.31%
Others 89.94%

Job Description for Insurance Senior Broker

Insurance Senior 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 Senior 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 Senior 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 Senior Broker work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Insurance Senior Broker typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Insurance Senior Broker in Washington, DC

Career Path for Insurance Senior Broker

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Insurance Senior Broker, the upper level is Insurance Managing Broker and then progresses to Insurance Broker Executive.

Insurance Senior Broker
Insurance Managing Broker
Insurance Broker Executive
Those that have already made the climb...
Ebrahim Busheri, Director of Investments
MANNING & NAPIER INC
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
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Insurance Senior Broker Pay Difference by Location

Insurance Senior Broker salary varies from city to city. Compared with national average salary of Insurance Senior Broker, the highest Insurance Senior Broker salary is in San Francisco, CA, where the Insurance Senior Broker salary is 25.0% above. The lowest Insurance Senior Broker salary is in Miami, FL, where the Insurance Senior Broker salary is 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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 Senior Broker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
147614
228408
180199

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
160725
254377
197847
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Senior Broker in Washington, DC. The base salary for Insurance Senior Broker ranges from $147,614 to $228,408 with the average base salary of $180,199. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $160,725 to $254,377 with the average total cash compensation of $197,847.
Step 2 of 3

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How much should you be paid?

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

147614
228408

 

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About Washington, District of Columbia    Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area....More

Washington, District of Columbia  area prices were up 1.3% from a year ago    View the Cost of Living in Washington, District of Columbia

Insurance Senior Broker Salary in popular cities:

Skills associated with Insurance Senior Broker: Requirements Analysis, Partner Relationship Management, Insurance Products, Insurance Agency Management Software ...More

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