Could anyone share insights on the compensation and commission structure for a Vice President at a Property and Casualty (P&C) brokerage? I’m particularly interested in the market range for salaries, especially for someone employed 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.
Compensation for a Vice President at a property and casualty (P&C) brokerage like Amwins can vary significantly based on factors such as location, years of experience, and specific responsibilities. Generally, for a VP level position in a P&C brokerage, you can expect a base salary in the range of $150,000 to $250,000 per year.
In addition to the base salary, many VPs receive commission or bonuses tied to the performance of the team or company, which can significantly enhance total earnings. Total compensation, including base salary, bonuses, and commissions, can often range from $200,000 to $400,000 or more, particularly for individuals driving significant revenue or managing large accounts.
For the most accurate and up-to-date information, it’s advisable to look at industry reports, salary surveys, or consult with professionals in the field. Networking with individuals in similar roles can also provide valuable insights into current compensation trends.