Principal Broker Salary in Somerset, New Jersey

Principal Broker Salary in Somerset, NJ

How much does a Principal Broker make in Somerset, NJ? The average Principal Broker salary in Somerset, NJ is $261,212 as of August 27, 2024, but the salary range typically falls between $210,222 and $326,510. 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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Principal Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Principal Broker Salary $163,798 Somerset,NJ August 27, 2024
25th Percentile Principal Broker Salary $210,222 Somerset,NJ August 27, 2024
50th Percentile Principal Broker Salary $261,212 Somerset,NJ August 27, 2024
75th Percentile Principal Broker Salary $326,510 Somerset,NJ August 27, 2024
90th Percentile Principal Broker Salary $385,960 Somerset,NJ August 27, 2024
25% $210,222 10% $163,798 90% $385,960 75% $326,510 $261,212 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 Somerset, NJ

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

 
 
 
210222
326510
261212

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
230690
432142
299990
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Principal Broker in Somerset, NJ. The base salary for Principal Broker ranges from $210,222 to $326,510 with the average base salary of $261,212. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $230,690 to $432,142 with the average total cash compensation of $299,990.

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210222
326510

 

About Somerset, New Jersey    Somerset is an unincorporated community and census-designated place (CDP) located within Franklin Township, in Somerset County, New Jersey, United Sta....More

Somerset, New Jersey  area prices were up 1.5% from a year ago

Principal Broker Salary in popular cities: Newark, Jersey City, Paterson

Recently searched related titles: Insurance Broker Manager

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