Managing Principal Broker Salary in Reno, NV
How Much Does a Managing Principal Broker make?
Managing Principal Broker made a median salary around $130,695 in December, 2024.
The best-paid 25 percent made $145,438 probably that year, while the lowest-paid 25 percent made around $116,564.
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.
Check out
Managing Principal Broker
jobs in
Reno, Nevada
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Best-Paying Cities for Managing Principal Broker
The metropolitan areas that pay the highest salary in the Managing Principal Broker profession are Crystal Bay
, Las Vegas
, North Las Vegas
, The Lakes
, Nellis Afb
.
| Crystal Bay, NV | $132,125 |
| Las Vegas, NV | $131,345 |
| North Las Vegas, NV | $131,345 |
| The Lakes, NV | $131,345 |
| Nellis Afb, NV | $130,955 |
Best-Paying States for Managing Principal Broker
The states and districts that pay Managing Principal Broker the highest salary are District of Columbia (around $144,740)
, California (around $143,439)
, New Jersey (around $142,529)
, Alaska (around $141,618)
, and Massachusetts (around $141,488)
.
| District of Columbia | $144,740 |
| California | $143,439 |
| New Jersey | $142,529 |
| Alaska | $141,618 |
| Massachusetts | $141,488 |
What is the Career Path of Managing Principal 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 Managing Principal Broker, the upper level is
Property Acquisitions Senior Manager
, and then progresses to Healthcare Property Director
Besides, Managing Principal Broker can also turn to other related jobs, including
Managing Broker
,
Managing Principal
,
Insurance Managing Broker
and
Assistant Managing Broker
.
Frequently Asked Questions for Managing Principal Broker
Q:
What is the salary range of Managing Principal Broker in Reno, NV?
A:
In 2024
, the lowest-paid Managing Principal Broker in Reno, NV earned an average annual salary of $116,564
, while the highest-paid made $145,438.
Q:
What is the salary for a Managing Principal Broker in California?
A:
Managing Principal Broker employed in California earned an average salary of $143,439 in 2024.
Average Managing Principal Broker Pay vs. Other Jobs
Managing Principal Broker earned an average salary of $130,695 in 2024.
Other jobs related to Managing Principal Broker earned the following average salary in December, 2024.
Managing Broker
made $245,964
,
Managing Principal
made $190,386
,
Insurance Managing Broker
and
Assistant Managing Broker
made $241,459
and $56,646 respectively
.
Relevant Jobs of Managing Principal Broker
There is currently no job description for Managing Broker, be the first to
submit
the job responsibilities for Managing Broker.
There is currently no job description for Managing Principal, be the first to
submit
the job responsibilities for Managing Principal.
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.
There is currently no job description for Assistant Managing Broker, be the first to
submit
the job responsibilities for Assistant Managing Broker.
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.