As of August 01, 2026, the average salary for a Broker Development Manager in the United States is $239,764 per year, which breaks down to an hourly rate of $115.
However, a Broker Development Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Broker Development Manager'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.
Experience is a primary driver of a Broker Development Manager'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:
| Levels | Salary |
|---|---|
| Insurance... Level Broker Development Manager | $61,258 |
| Insurance... Level Broker Development Manager | $84,202 |
| Insurance... Level Broker Development Manager | $148,949 |
| Insurance... Level Broker Development Manager | $201,622 |
| Broker De... Level Broker Development Manager | $242,680 |
What Am I Worth?
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 Broker Development Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Presentation | 5.44% |
| Cold Calling | 3.02% |
| Insurance Industry | 2.02% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Cold Call
|
$290,114 |
21%
|
|
Integrity
|
$287,717 |
20%
|
|
Flexibility
|
$285,319 |
19%
|
|
Diversity and Inclusion
|
$282,922 |
18%
|
|
Financial Services
|
$282,922 |
18%
|
|
Cold Calling
|
$270,933 |
13%
|
For Broker Development Manager roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 20% above the average. Conversely, Broker Development Manager positions in Business Services typically offer lower base pay, as this sector often view Broker Development Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $287,717 | $138.0 | 20% |
Understanding how a Broker Development Manager'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 August 01, 2026Salaries for a Broker Development Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $148,797 in 2023 to around $143,873 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Broker Development Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $148,797 |
| 2024 | $148,601 |
| 2025 | $143,873 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Insurance industry offers the highest average compensation for Broker Development Manager roles, with salaries approximately 20% above the market median.
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