Principal Broker Salary in Boston, Massachusetts

Principal Broker Salary in Boston, MA

How much does a Principal Broker make in Boston, MA?

As of March 01, 2025, the average annual salary for a Principal Broker in Boston, MA is $264,342. According to Salary.com, salaries can range from a low of $165,746 to a high of $390,595, with most professionals earning between $212,733 and $330,428.

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Principal Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Principal Broker Salary $165,746 Boston,MA March 01, 2025
25th Percentile Principal Broker Salary $212,733 Boston,MA March 01, 2025
50th Percentile Principal Broker Salary $264,342 Boston,MA March 01, 2025
75th Percentile Principal Broker Salary $330,428 Boston,MA March 01, 2025
90th Percentile Principal Broker Salary $390,595 Boston,MA March 01, 2025
25% $212,733 10% $165,746 90% $390,595 75% $330,428 $264,342 50%(Median) Didn’t find job title? Click
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What is a Principal 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....

Source: Wikipedia (as of 04/18/2019). Read more from Wikipedia

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Job Openings for Principal Broker in Boston, MA

Career Path for this job

  1. Down a level:

    Insurance Senior Broker

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Principal Broker

    7 + years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Broker Executive


    Bachelor's Degree

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Understand the total compensation opportunity for a Principal Broker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
212733
330428
264342

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
233453
437319
303585
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Principal Broker in Boston, MA. The base salary for Principal Broker ranges from $212,733 to $330,428 with the average base salary of $264,342. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $233,453 to $437,319 with the average total cash compensation of $303,585.

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212733
330428

 

About Boston, Massachusetts    Boston has an area of 89.63 square miles (232.1 km2)—48.4 square miles (125.4 km2) (54%) of land and 41.2 square miles (106.7 km2) (46%) of water. The....More

Boston, Massachusetts  area prices were up 2.5% from a year ago

Principal Broker Salary in popular cities: Worcester, Springfield, Lowell

Recently searched related titles: Insurance Broker Manager

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role