Insurance Industry Salary Tools for Beginners
Insurance industry salaries vary by location and job title
Salary guidelines for insurance agents will vary greatly since you can find so many different positions within the field. Positions within the insurance field include adjusters, collections, risk assessors, underwriters and more. Additionally, insurance industry salaries will vary depending on whether you handle automobile, property, life or health insurance.When looking at insurance industry salary tools for beginners, you will want to see the different pay scales and how the tools reach these figures. Many times data reported to the IRS will help agencies make estimates on insurance salary.
1. Narrow down your choice of insurance jobs. Instead of looking through a massive amount of salary information for the insurance industry, you can browse specific positions.
2. Gather data about insurance industry salaries. As a beginner, you will want to browse all of the figures including entry level, mid level and executive insurance salaries.
3. Get insurance industry salary information specific to your area. You can use salary tools to see how much others are making in the same job within your location.
View national figures for insurance industry salary guidelines
Insurance industry salary chart will likely include years of experience as well as number of licensing exams completed. You should try to look for insurance industry salary surveys that include not only salaries, but actual pay information. Some sites may not report bonuses and other compensation that can affect how much a person earns.
Try: On DW Simpson, you will find insurance agent salary charts for property, casualty, life, health and pension insurance positions. You can sign up for notifications when the business insurance salaries are updated. PayScale has a tool that separates insurance agent salaries by years of experience.
Narrow down your results with a site specific insurance industry salary tool
Although general guidelines can prove helpful, you still want to use insurance industry salary tools to find out site specific guidelines. For instance, an agent in New York will likely earn a much different salary than an agent in Wisconsin.
Try: The Salary Wizard on Salary.com will give you insurance industry salary guidelines based on your job title and zip code. Your personalized data will also include bonus and benefits information. Simply Hired has a similar tool that you can use and then compare the data.
Use insurance industry salary tools to browse different job title earnings
If you don't have a specific position in mind, you may want to use salary tools to see how several different jobs pay. Pay scales will greatly differ for clerks, agents, raters, coders and brokers, just to name a few different positions in the field.
Try: CBSalary is the salary tool website available from CareerBuilder. Before using their calculators, you can view salary information for multiple jobs in insurance. CareerOneStop has a search feature that also allows you to look at salary data collected on different insurance jobs.
Copyright © 2011 Business.com, Inc. All Rights Reserved.
