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As of September 01, 2026, the average salary for a Broker Manager in Minnesota is $104,760 per year, which breaks down to an hourly rate of $50.
However, a Broker Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Broker Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $115,555 | $9,630 | $2,222 | $56 |
| Average | $104,760 | $8,730 | $2,015 | $50 |
| 25th Percentile | $97,161 | $8,097 | $1,868 | $47 |
BMS Group - Minneapolis, MN
PROPEL HOME LOANS LLC - Minneapolis, MN
USG Insurance Services - Minneapolis, MN
USG Insurance Services - Minneapolis, MN
A Broker 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.
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 Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Broker Manager roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Financial Services sectors offer the strongest compensation, at 20% above the average. In contrast, Broker Manager positions in Insurance or Business Services typically offer lower base pay, as these industries often view Broker Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $125,712 | $60.0 | 20% |
| Financial Services | $120,474 | $58.0 | 15% |
Understanding how a Broker 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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $115,555 | $9,630 | $2,222 | $56 |
| Average | $104,760 | $8,730 | $2,015 | $50 |
| 25th Percentile | $97,161 | $8,097 | $1,868 | $47 |
Ready to take the next step in your career? Browse thousands of current Broker Manager job openings on our job board. Use the search bar below to find your perfect match.
USG Insurance Services, Inc.
Saint Paul, MN
USG Insurance Services, Inc. | Saint Paul, MN
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Minneapolis, MN
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Aon
Minneapolis, MN
Aon | Minneapolis, MN
Aon Is Looking for an Account Executive I/BrokerAs part of an industry-leading team, you will help empower results for our clients by delivering innovative... more
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Rippling | Minneapolis, MN
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Northern AG
Roseau, MN
Northern AG | Roseau, MN
Job Description. Job Description. Northern Ag a division of Border Bank is seeking a motivated and growth-oriented Crop Insurance Agent/Commodity Broker to... more
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