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Alerus Financial Salary

How much does the Alerus Financial Pay for employees?

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

Salary at Alerus Financial

Current Job Openings at Alerus Financial

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Is Alerus Financial’s Pay Competitive? Salary Benchmarking Analysis

How does Alerus Financial’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.

Peer Company & Industry Benchmarking

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Average Salary ($/year)

Alerus Financial

Insurance

Financial Insurance Group Services Limited - Norway, Branch Of

Firemans Fund Long - Term Disability

Industry Comparison

Our data shows that, on average, compensation at Alerus Financial is below the average for the U.S. Insurance industry by approximately 19%. This positioning suggests their pay is below the market average within their sector.

Peer Company Comparison

To provide a broader market perspective, we compared Alerus Financial average annual salary with several similar companies. Alerus Financial average salary of $99,953 is higher than Financial Insurance Group Services Limited - Norway, Branch Of, which has an average salary of $84,089. It is lower than Firemans Fund Long - Term Disability, with their average salary at $100,427. This places Alerus Financial in a mid-range position among its peers.

See Your True Competitors

The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Alerus Financial's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Alerus Financial. Click a company name to learn more.

Financial Insurance Group Services Limited - Norway, Branch Of

$84,089 / year

Salary Range: $73,968 - $95,125

Oslo, MN

Firemans Fund Long - Term Disability

$100,427 / year

Salary Range: $88,336 - $113,611

Minneapolis, MN

John Yurconic Agency

$95,343 / year

Salary Range: $83,865 - $107,855

Allentown, PA

Comprehensive Auto Resource Company Inc

$97,115 / year

Salary Range: $85,422 - $109,867

Exton, PA

Millers Insurance Agency Inc

$100,892 / year

Salary Range: $88,749 - $114,135

Downingtown, PA

Turner Wood & Smith

$93,497 / year

Salary Range: $82,243 - $105,770

Gainesville, GA

Hansa Solutions Inc

$119,646 / year

Salary Range: $105,243 - $135,340

Sunnyvale, CA

Madison Mutual Insurance Co

$93,360 / year

Salary Range: $82,114 - $105,611

Edwardsville, IL

CA Department of Insurance

$109,014 / year

Salary Range: $95,887 - $123,317

Los Angeles, CA

Employee Reviews: Working at Alerus Financial

Considering a career at Alerus Financial? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

Compensation is competitive, and bonuses are achievable. Flexible hours and remote options improve productivity. The office culture is inclusive, making it a great place to thrive. I appreciate the flexible work options and supportive management. A decent option for those in insurance.

Commented in May 12, 2025

Team collaboration is encouraged, though more innovation opportunities would be nice. The onboarding process was smooth, and I felt supported from day one. Team events and recognition programs boost engagement.

Commented in March 10, 2025

Even with a large workforce, individual contributions are recognized. The office environment is comfortable, and processes are efficient. It’s a company that truly cares about its employees. Colleagues are respectful, and the office environment is low-stress. I’ve had a positive experience here—great colleagues and supportive management. Hybrid work policies are a plus, and the teams are cooperati...

Commented in January 07, 2025

While the role may not be highly dynamic, it offers consistency and a decent benefits package. Managers are invested in employee development, and teamwork is strong. I’d highly recommend this employer to anyone in the industry. Training programs are comprehensive, aiding professional growth.

Commented in June 23, 2024

Career growth is encouraged, and the work environment is inclusive. The company follows industry regulations closely, ensuring compliance. The insurance products are top-tier, making client interactions rewarding. The company culture promotes teamwork and mutual respect. The insurance products are reliable, and workflows are well-structured.

Commented in March 07, 2024

Alerus Financial Overview

Website

www.alerusconsulting.com

Founded In

Data pending, update soon.

Employees

25 - 50 employees

Industry

Insurance

Headquarter Address

PO Box 64535 Saint Paul Minnesota MN 55164

Revenue

$10 Million - $50 Million

Phone Number

+1 8006514855

About Alerus Financial

Our growth and strength is the product of our overriding commitment to forward thinking, building relationships with clients and organizations, and doing the little things that make a difference. Our teams dedication to service and our commitment to competitive pricing make us a sought-after partner in the retirement space. Alerus provides a wide variety of service models and plan types within bun

What Benefits Does Alerus Financial Offer Beyond Salary?

A competitive compensation package is more than just a salary. Alerus Financial offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

Work at Alerus Financial?

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How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details

What Is the Cost of Living Near Saint Paul?

Understanding the cost of living near Saint Paul is key to truly evaluating a salary offer or your current compensation at Alerus Financial.

Saint Paul's Cost of Living Index is approximately 101.5 (1.5% more expensive than US average; 4.5% more than MN average). State capital, slightly more affordable housing than Minneapolis. Metro Transit. When planning your budget based on a salary from Alerus Financial, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,300 - $1,900+	A significant portion of Alerus Financial salary. Location choices impact this heavily.
Utilities (Basic)	$130 - $230 (Heating significant)	Electricity, Heating, Cooling, Water etc.
Public Transportation	$120 (Metro Transit monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$420 - $620	Can be higher with more dining out or specialty stores.
Personal & Leisure	$400 - $750+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$380 - $700+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,750 - $4,200+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Alerus Financial

1. What is the typical salary range (low to high) for most roles at Alerus Financial?

The typical annual salary range for most roles at Alerus Financial is approximately from $87,924 to $113,074. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Alerus Financial pay compared to Financial Insurance Group Services Limited - Norway, Branch Of?

The average annual salary at Alerus Financial is $99,953, or an hourly wage of $48, in comparison to Financial Insurance Group Services Limited - Norway, Branch Of which pays $84,089 per year or $40 per hour.

3. How does experience level affect salary at Alerus Financial?

Experience level is a significant factor in determining salary at Alerus Financial, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Alerus Financial in Saint Paul is fair given the local cost of living?

To determine if a salary offer from Alerus Financial in Saint Paul is fair, first compare the gross salary to our data for similar roles at Alerus Financial and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Saint Paul" to understand its purchasing power.

5. What are the key factors that influence salary levels at Alerus Financial?

Several key factors influence salary levels at Alerus Financial. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Alerus Financial likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.