As of August 01, 2026, the average salary for a Managing Broker in Rhode Island is $222,247 per year, which breaks down to an hourly rate of $107.
However, a Managing Broker's salary can vary significantly. Here’s a look at the typical salary range:
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A Managing Broker'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 Managing Broker'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 Managing Broker | $66,720 |
| Insurance... Level Managing Broker | $91,709 |
| Insurance... Level Managing Broker | $162,228 |
| Managing ... Level Managing Broker | $219,597 |
| Insurance... Level Managing Broker | $264,315 |
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 Managing Brokers. For example, consider the average annual salaries in these key locations:
For Managing Broker roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 20% above the average. Conversely, Managing Broker positions in Business Services typically offer lower base pay, as this sector often view Managing Broker as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $266,697 | $128.0 | 20% |
| Financial Services | $244,472 | $118.0 | 10% |
Understanding how a Managing Broker'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, 2026Ready to take the next step in your career? Browse thousands of current Managing Broker job openings on our job board. Use the search bar below to find your perfect match.
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