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Compensation and Benefits Manager Salary in the Industry of Agencies, Brokerages, and Other Insurance Related Activities

The salary statistics and trend of compensation and benefits managers in the industry of agencies, brokerages, and other insurance related activities are shown in the following tables and chart. In Table 3 we compare compensation and benefits manager salaries in different industries within the finance and insurance sector.

Table 1. Average Annual Salary

Percentile BracketAverage Annual Salary
10th Percentile Wage
$65,710
25th Percentile Wage
$86,150
50th Percentile Wage
$116,760
75th Percentile Wage
$162,740
90th Percentile Wage
No Data

Table 1 shows the average annual salaries for compensation and benefits managers in the industry of agencies, brokerages, and other insurance related activities. The salaries are shown in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) compensation and benefits managers is $162,740. The median annual salary (50th percentile) is $116,760. The average annual salary for the bottom 10 percent compensation and benefits managers is $65,710.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of compensation and benefits managers in the industry of Agencies, Brokerages, and Other Insurance Related Activities from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016116,7607.46%12.16%
2015108,050-5.01%-
2014113,4607.96%-
2013104,4301.79%-
2012102,560--

Table 2. Average Hourly Salary

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$31.59
25th Percentile Wage
$41.42
50th Percentile Wage
$56.14
75th Percentile Wage
$78.23
90th Percentile Wage
No Data

Table 2 shows the average hourly salary for compensation and benefits managers in the industry of agencies, brokerages, and other insurance related activities. The average hourly salary for the 75th percentile wage of compensation and benefits managers is $78.23. The median hourly salary is $56.14. The average hourly salary for the bottom 10 percent is $31.59.

Table 3. Compare Compensation and Benefits Manager Salary in Different Industries within the Finance and Insurance Sector

The average salaries of compensation and benefits managers in 16 industries within the finance and insurance sector are shown in Table 3. For salary information of compensation and benefits managers in a specific industry, use the links in the table.

Industry Median Annual Salary
Direct Insurance (except Life, Health, and Medical) Carriers
$139,840
Insurance Carriers
$138,770
Other Financial Investment Activities
$138,760
Activities Related to Credit Intermediation
$138,600
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$132,000
Securities and Commodity Contracts Intermediation and Brokerage
$127,240
Insurance Carriers and Related Activities
$126,940
Credit Intermediation and Related Activities
$124,530
Depository Credit Intermediation
$123,770
Nondepository Credit Intermediation
$122,850
Insurance Agencies and Brokerages
$118,170
Agencies, Brokerages, and Other Insurance Related Activities
$116,760
Insurance and Employee Benefit Funds
$115,460
Other Insurance Related Activities
$114,250
Funds, Trusts, and Other Financial Vehicles
$114,240
Other Nondepository Credit Intermediation
$105,060

Back to: Salary of compensation and benefits managers in the industry sector of finance and insurance.



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