How much does an Insurance Broker make in Maryland? The average Insurance Broker salary in Maryland is $95,023 as of March 26, 2024, but the range typically falls between $82,134 and $116,112. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Insurance Broker Salary | $70,399 | MD | March 26, 2024 |
25th Percentile Insurance Broker Salary | $82,134 | MD | March 26, 2024 |
50th Percentile Insurance Broker Salary | $95,023 | MD | March 26, 2024 |
75th Percentile Insurance Broker Salary | $116,112 | MD | March 26, 2024 |
90th Percentile Insurance Broker Salary | $135,313 | MD | March 26, 2024 |
Wholesale Insurance Broker/Producer
Novatae Risk Group - Bend, OR
Employee Benefits Account Manager
DiBuduo & DeFendis Insurance Brokers, LLC - Fresno, CA
The Demarco Group - Irvine, CA
Granite Professional Insurance Brokers - Livermore, CA
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
Cold Calling: Cold calling is the solicitation of business from potential customers who have had no prior contact with the salesperson conducting the call. It is an attempt to convince potential customers to purchase either the salesperson's product or service. Generally, it is referred as an over-the-phone process, making it a source of telemarketing, but can also be done in-person by door-to-door salespeople. Though cold calling can be used as a legitimate business tool, scammers can use cold calling as well.
Telemarketing: Telemarketing (sometimes known as inside sales, or telesales in the UK and Ireland) is a method of direct marketing in which a salesperson solicits prospective customers to buy products or services, either over the phone or through a subsequent face to face or Web conferencing appointment scheduled during the call. Telemarketing can also include recorded sales pitches programmed to be played over the phone via automatic dialing. Telemarketing is defined as contacting, qualifying, and canvassing prospective customers using telecommunications devices such as telephone, fax, and internet. It does not include direct mail marketing.
Insurance 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 Broker develops recommendations to advises 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 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 Broker occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Insurance Broker typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description
See user submitted job responsibilities for Insurance Broker.
Salary.com job board provides millions of Insurance Broker information for you to search for. Click on search button below to see Insurance Broker job openings or enter a new job title here.
Location | Avg. Salary | Date Updated |
---|---|---|
Location Dundalk, MD | Avg. Salary $94,747 | Date Updated March 26, 2024 |
Location Abell, MD | Avg. Salary $102,120 | Date Updated March 26, 2024 |
Location Aberdeen, MD | Avg. Salary $92,811 | Date Updated March 26, 2024 |
Location Aberdeen Proving Ground, MD | Avg. Salary $93,364 | Date Updated March 26, 2024 |
Location Abingdon, MD | Avg. Salary $92,903 | Date Updated March 26, 2024 |
Location Accident, MD | Avg. Salary $82,488 | Date Updated March 26, 2024 |
Location Accokeek, MD | Avg. Salary $102,396 | Date Updated March 26, 2024 |
Location Adamstown, MD | Avg. Salary $100,184 | Date Updated March 26, 2024 |
Location Allen, MD | Avg. Salary $97,972 | Date Updated March 26, 2024 |
Location Andrews Air Force Base, MD | Avg. Salary $102,581 | Date Updated March 26, 2024 |
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 Insurance Broker, the upper level is Insurance Senior Broker and then progresses to Insurance Managing Broker.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Broker Relations Representative | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Agent | Experience | Education | Salary Compared to This Job |
Job Title Insurance Broker Executive | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Broker Trainee | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Insurance Claim Service Representative I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Insurance Broker salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Insurance Broker salary varies from category to category. Click below to see Insurance Broker salary in different categories.
About Maryland Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the....More
Skills associated with Insurance Broker: Insurance Software, Risk Assessment, Requirements Analysis, Insurance Management ...More
Recently searched related titles: Commercial Insurance Agent, Car Insurance Broker, Broker In Charge
Recently searched related titles: Health Insurance Sales Agent, Independent Agent, Independent Insurance Agent
Jobs with a similar salary range to Insurance Broker : Auto Insurance Agent, Business Insurance Agent, Claims Service Consultant, CSR Agent Insurance, Licensed Insurance Representative, Life Enrichment Coordinator
Salary estimation for Insurance Broker at companies like : FM Logix, Natural Resources Police, United States Department of Justice - Bureau of Alcohol
Jobs with a similar salary range to Insurance Broker : Licensed Insurance Agent, Insurance Salesperson, Life Insurance Producer