Average Insurance Agent with Insurance Skills Salary in Canada
The average annual salary of Insurance Agent is $46,222.00
The starting salary of Insurance Agent is between $28,560.00 and $33,600.00 whereas the maximum salary range is between $57,770.00 and $66,436.00.
Minimum Annual Pay | Maximum Annual Pay |
---|---|
$28,560.00 | $66,436.00 |
The average hourly pay of Insurance Agent is $20.76.
The starting hourly rate is between $14.00 and $16.48 for Insurance Agent whereas the maximum hourly wage is between $27.00 and $31.00.
Minimum Hourly Pay | Maximum Hourly Pay |
---|---|
$14.00 | $31.00 |
- Currency : CAD
- Annual Salary : $46,222.00
- Hourly Pay : $20.76
- Weekly Pay : $831.00
- Fortnightly Salary : $1,661.00
- Monthly Salary : $3,600.00
Insurance Agent Salary Comparison by Gender
This pie chart demonstrates the gender share for Insurance Agent. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, female employees are involved significantly more as Insurance Agent compared to male. Their involvement is 78% while of male is only 22%.
Salary Distribution Based on Years of Experience
The line graph shows Insurance Agent salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Insurance Agent working less than a year in a company, you notice that their annual salary starts around $41,094.08.
As the years of experience reaches 1 to 4, there is a significant increase of $958.96 which would give a total wage of CAD42,053.04.
Once the experience reaches 5-9 years Insurance Agent salary would increase again to a total of $47,750.02, adding $5,696.98 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $50,616.87.
And finally, once the Insurance Agent gains 20 years of experience or more, their salary would reach $52,704.22.
Prominent Skills Affecting Insurance Agent Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Insurance Agent's salary. It clearly highlights the skills needed for a post of Insurance Agent when hired by an employer.
The most vital skill expected of Insurance Agent is Customer Service Metrics which impacts the most than the rest of the skills indicated with a staggering 11% comparatively. Therefore, one’s salary would greatly depend on their skills in Customer Service Metrics.
The skill least likely to affect one’s pay would be Customer Service with 1%. It can be said that Customer Service skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Insurance Agent. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $41,600.00 whereas the highest earning is $52,693.00 which clearly shows the salary increases with the level of expertise.
Experienced person will earn the maximum salary of $52,693.00 at 14%. So to summerize, Entry Level earns 10% less than the average salary, Early Career earns 7% less than the average salary, Mid Carrer earns 5% more than the average salary, Late Career earns 11% more than the average salary, Experienced earns 14% more than the average salary.
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