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Sales Manager Salary in Sector of Finance and Insurance

The salary statistics of sales managers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare sales manager salaries in different industries within the finance and insurance sector.

Average Annual Salary of Sales Managers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$71,470
25th Percentile Wage
$101,920
50th Percentile Wage
$152,590
75th Percentile Wage
No Data
90th Percentile Wage
No Data

Table 1 shows the average annual salary for sales managers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The median annual salary (50th percentile) is $152,590. The average annual salary of the 25th percentile is $101,920. The average annual salary for the bottom 10 percent paid sales managers is $71,470.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of sales managers in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$152,590
1.02% 13.45%
2016
$151,030
1.75% -
2015
$148,390
3.50% -
2014
$143,190
4.60% -
2013
$136,610
3.32% -
2012
$132,070
- -

Compare Sales Manager Salary in Different Industries within the Finance and Insurance Sector

The average salaries of sales managers in 20 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for sales manager occupations is the securities, commodity contracts, and other financial investments and related activities industry with an annual salary $202,080. The lowest paying industry is the insurance and employee benefit funds industry (annual salary $125,610). For detailed sales manager salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$202,080
Other Financial Investment Activities
$186,690
Securities and Commodity Contracts Intermediation and Brokerage
$186,390
Funds, Trusts, and Other Financial Vehicles
$167,140
Securities and Commodity Exchanges
$152,600
Credit Intermediation and Related Activities
$150,610
Depository Credit Intermediation
$149,690
Credit Intermediation and Related Activities
$147,540
Nondepository Credit Intermediation
$140,960
Other Nondepository Credit Intermediation
$140,360
Insurance Agencies and Brokerages
$135,900
Direct Health and Medical Insurance Carriers
$135,050
Agencies, Brokerages, and Other Insurance Related Activities
$134,860
Insurance Carriers and Related Activities
$134,000
Other Investment Pools and Funds
$133,610
Insurance Carriers
$133,510
Direct Insurance (except Life, Health, and Medical) Carriers
$132,370
Other Insurance Related Activities
$132,130
Activities Related to Credit Intermediation
$131,730
Insurance and Employee Benefit Funds
$125,610

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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