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Insurance Sales Director Average Salary in Switzerland 2020

How much money does an Insurance Sales Director make in Switzerland?


Average Yearly Salary
205,000 CHF
( 17,100 CHF monthly)

LOW
107,000
CHF
AVERAGE
205,000
CHF
HIGH
313,000
CHF

A person working as an Insurance Sales Director in Switzerland typically earns around 205,000 CHF per year. Salaries range from 107,000 CHF (lowest) to 313,000 CHF (highest).

This is the average yearly salary including housing, transport, and other benefits. Insurance Sales Director salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Sales Director Salary Distribution in Switzerland

Median and salary distribution yearly Switzerland Insurance Sales Director
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Sales Director salaries in Switzerland range from 107,000 CHF per year (minimum salary) to 313,000 CHF per year (maximum salary).

  • Median Salary

    The median salary is 197,000 CHF per year, which means that half (50%) of people working as Insurance Sales Director(s) are earning less than 197,000 CHF while the other half are earning more than 197,000 CHF. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Sales Director(s) are earning less than 136,000 CHF while 75% of them are earning more than 136,000 CHF. Also from the diagram, 75% of Insurance Sales Director(s) are earning less than 245,000 CHF while 25% are earning more than 245,000 CHF.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Insurance Sales Director Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Switzerland Insurance Sales Director
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Sales Director salaries by experience level and this is what we found.

An Insurance Sales Director with less than two years of experience makes approximately 121,000 CHF per year.

While someone with an experience level between two and five years is expected to earn 162,000 CHF per year, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 211,000 CHF per year, 30% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Insurance Sales Director(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 256,000 CHF per year, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 279,000 CHF per year, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 294,000 CHF per year, 5% more than people with fifteen to twenty years of experience.


Insurance Sales Director average salary change by experience in Switzerland

0 - 2 Years
121,000 CHF
2 - 5 Years+34%
162,000 CHF
5 - 10 Years+30%
211,000 CHF
10 - 15 Years+21%
256,000 CHF
15 - 20 Years+9%
279,000 CHF
20+ Years+5%
294,000 CHF
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Sales Director Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Sales Director(s) who have the same experience but different education levels.

Salary comparison by education level yearly Switzerland Insurance Sales Director
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Sales Director salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Insurance Sales Director is 171,000 CHF per year.

While someone with a Master's Degree gets a salary of 237,000 CHF per year, 39% more than someone having a Bachelor's Degree degree.


Insurance Sales Director average salary difference by education level in Switzerland

Bachelor's Degree
171,000 CHF
Master's Degree+39%
237,000 CHF
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Switzerland costs anywhere from 51,600 Swiss Franc(s) to 155,000 Swiss Franc(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Sales Director Salary Comparison By Gender

Salary comparison by gender yearly Switzerland Insurance Sales Director
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Insurance Sales Director employees in Switzerland earn 4% more than their female counterparts on average.

Male
209,000 CHF
Female-4%
201,000 CHF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Switzerland for all Careers

Salary comparison by gender yearly Switzerland
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Insurance Sales Director Average Annual Salary Increment Percentage in Switzerland

How much are annual salary increments in Switzerland for Insurance Sales Director(s)? How often do employees get salary raises?

Insurance Sales Director

Insurance Sales Director(s) in Switzerland are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Switzerland Insurance Sales Director
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Switzerland / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Switzerland is 7%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Switzerland for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Insurance Sales Director Bonus and Incentive Rates in Switzerland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Switzerland Insurance Sales Director
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An Insurance Sales Director is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
82%
No Bonus
18%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Insurance Sales Director Average Hourly Wage in Switzerland


98 CHF per hour

The average hourly wage (pay per hour) in Switzerland is 98 CHF. This means that the average Insurance Sales Director in Switzerland earns approximately 98 CHF for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Insurance Sales Director VS Other Jobs

Salary Comparison Between Insurance Sales Director and Insurance yearly Switzerland
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The average salary for Insurance Sales Director is 65% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst166,000 CHF-19%
Actuarial Assistant118,000 CHF-42%
Actuary173,000 CHF-16%
Adjustment Insurance Clerk45,600 CHF-78%
Assistant Broker81,600 CHF-60%
Assistant Claims Manager141,000 CHF-31%
Associate Insurance Representative66,500 CHF-68%
Auditing Insurance Manager184,000 CHF-10%
Broker123,000 CHF-40%
Claim Advocacy Professional124,000 CHF-39%
Claims Adjuster46,600 CHF-77%
Claims Analyst65,900 CHF-68%
Claims Examiner66,500 CHF-68%
Claims Manager182,000 CHF-11%
Claims Processor48,500 CHF-76%
Claims Representative54,700 CHF-73%
Claims Resolution Specialist135,000 CHF-34%
Claims Supervisor131,000 CHF-36%
Complaints Specialist121,000 CHF-41%
Compliance Officer102,000 CHF-50%
Consultant131,000 CHF-36%
Eligibility Specialist133,000 CHF-35%
Insurance Account Manager155,000 CHF-24%
Insurance Accounts Executive135,000 CHF-34%
Insurance Agent76,800 CHF-63%
Insurance Analyst131,000 CHF-36%
Insurance Appraiser135,000 CHF-34%
Insurance Claims Clerk45,600 CHF-78%
Insurance Examiner114,000 CHF-44%
Insurance Investigator118,000 CHF-42%
Insurance Manager219,000 CHF+7%
Insurance Operations Manager223,000 CHF+9%
Insurance Policy Processing Clerk47,000 CHF-77%
Insurance Pricing Assistant99,700 CHF-51%
Insurance Program Manager166,000 CHF-19%
Insurance Project Manager166,000 CHF-19%
Insurance Quality Assurance Agent111,000 CHF-46%
Insurance Sales Agent76,000 CHF-63%
Insurance Sales Director205,000 CHF+0%
Insurance Team Leader140,000 CHF-32%
Insurance Underwriter92,200 CHF-55%
Loss Control Specialist129,000 CHF-37%
Loss Prevention Investigator140,000 CHF-32%
Loss Prevention Manager179,000 CHF-13%
Loss Prevention Specialist132,000 CHF-36%
Marine Underwriter97,900 CHF-52%
Medical Auditor129,000 CHF-37%
Monitoring and Performance Officer91,200 CHF-55%
Payment Services Specialist135,000 CHF-34%
Policy Change Director192,000 CHF-6%
Policy Change Supervisor134,000 CHF-35%
Policy Change Technician60,500 CHF-70%
Risk Analyst143,000 CHF-30%
Risk Management Director250,000 CHF+22%
Risk Management Supervisor163,000 CHF-20%
Risk Manager245,000 CHF+20%
Risk Modeling Manager247,000 CHF+21%
Title Insurance Typist113,000 CHF-45%
Training Manager142,000 CHF-31%

Salary Comparison By City

CityAverage Salary
Basel214,000 CHF
Bern219,000 CHF
Biel192,000 CHF
Geneve227,000 CHF
Lausanne215,000 CHF
Lugano204,000 CHF
Luzern200,000 CHF
St. Gallen204,000 CHF
Winterthur220,000 CHF
Zurich240,000 CHF

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Switzerland earn 4% more than their private sector counterparts on average across all sectors.

Private Sector
121,000 CHF
Public Sector+4%
126,000 CHF
Percentage increase and decrease are relative to the previous value

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