What is the typical compensation or commission structure for a Vice President at a Property and Casualty brokerage? Could you share a market range? I’m particularly interested in salary figures for someone at a company like Amwins. Thank you!
What is the compensation/commission like as a Vice President of a P&C broker? Can you please provide a market range? I’d like to know what the salary is for someone at working at a place like Amwins.
The compensation for a Vice President at a property and casualty (P&C) brokerage like Amwins can vary significantly based on several factors, including geographic location, individual experience, and the specific responsibilities of the role.
Generally, the base salary for a Vice President in this field typically falls within the range of $150,000 to $250,000 annually. Additionally, bonuses and commissions can significantly enhance total compensation, often ranging from 20% to 50% of the base salary, depending on performance and company profitability.
Therefore, it’s not uncommon for total compensation (including base salary, bonuses, and commission) for a Vice President at a P&C broker to reach upwards of $300,000 to $400,000 or more. This can be higher in larger markets or if the individual has a strong track record.
For the most accurate figures, it may be beneficial to look at salary surveys specific to the insurance industry or consult with industry professionals for current market insights.