Average Insurance Broker Salary in New Zealand
The average annual salary of Insurance Broker is $61,376.00
The starting salary of Insurance Broker is between $44,982.00 and $52,920.00 whereas the maximum salary range is between $88,400.00 and $101,660.00.
| Minimum Annual Pay | Maximum Annual Pay |
|---|---|
| $44,982.00 | $101,660.00 |
The average hourly pay of Insurance Broker is $25.48.
The starting hourly rate is between $19.00 and $21.80 for Insurance Broker whereas the maximum hourly wage is between $43.60 and $50.00.
| Minimum Hourly Pay | Maximum Hourly Pay |
|---|---|
| $19.00 | $50.00 |
- Currency : NZD
- Annual Salary : $61,376.00
- Hourly Pay : $25.48
- Weekly Pay : $1,146.00
- Fortnightly Salary : $2,292.00
- Monthly Salary : $4,966.00
Insurance Broker Salary Comparison by Gender
This pie chart demonstrates the gender share for Insurance Broker. 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 Broker compared to male. Their involvement is 65% while of male is only 35%.
Salary Distribution Based on Years of Experience
The line graph shows Insurance Broker salary in New Zealand on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Insurance Broker working less than a year in a company, you notice that their annual salary starts around $54,055.28.
As the years of experience reaches 1 to 4, there is a significant increase of $4,477.39 which would give a total wage of NZD58,532.67.
Once the experience reaches 5-9 years Insurance Broker salary would increase again to a total of $63,405.09, adding $4,872.42 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 $69,282.54.
And finally, once the Insurance Broker gains 20 years of experience or more, their salary would reach $78,084.95.
Prominent Skills Affecting Insurance Broker Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Insurance Broker's salary. It clearly highlights the skills needed for a post of Insurance Broker when hired by an employer. The skill that is required for Insurance Broker is Commercial that affects the salary by 14%.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Insurance Broker. 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 $50,942.00 whereas the highest earning is $75,492.00 which clearly shows the salary increases with the level of expertise.
Experienced person will earn the maximum salary of $75,492.00 at 23%. So to summerize, Entry Level earns 17% less than the average salary, Early Career earns 5% less than the average salary, Mid Carrer earns 1% more than the average salary, Late Career earns 10% more than the average salary, Experienced earns 23% more than the average salary.