A person working as a Broker in Switzerland typically earns around 123,000 CHF per year. Salaries range from 64,000 CHF (lowest) to 188,000 CHF (highest).
This is the average yearly salary including housing, transport, and other benefits. Broker salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Broker salaries in Switzerland range from 64,000 CHF per year (minimum salary) to 188,000 CHF per year (maximum salary).
The median salary is 118,000 CHF per year, which means that half (50%) of people working as Broker(s) are earning less than 118,000 CHF while the other half are earning more than 118,000 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Broker(s) are earning less than 82,000 CHF while 75% of them are earning more than 82,000 CHF. Also from the diagram, 75% of Broker(s) are earning less than 147,000 CHF while 25% are earning more than 147,000 CHF.
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
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 Broker salaries by experience level and this is what we found.
A Broker with less than two years of experience makes approximately 72,700 CHF per year.
While someone with an experience level between two and five years is expected to earn 97,600 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 127,000 CHF per year, 30% more than someone with two to five years of experience.
Additionally, Broker(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 154,000 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 168,000 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 177,000 CHF per year, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 Broker salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of a Broker is 86,400 CHF per year.
While someone with a Bachelor's Degree gets a salary of 131,000 CHF per year, 52% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 186,000 CHF per year, 42% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Broker employees in Switzerland earn 4% more than their female counterparts on average.
Broker(s) in Switzerland are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
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.
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
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.
A Broker is considered to be a low 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.
70% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 30% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Broker is 1% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
|Job Title||Average Salary|
|Actuarial Analyst||166,000 CHF||+35%|
|Actuarial Assistant||118,000 CHF||-4%|
|Adjustment Insurance Clerk||45,600 CHF||-63%|
|Assistant Broker||81,600 CHF||-34%|
|Assistant Claims Manager||141,000 CHF||+15%|
|Associate Insurance Representative||66,500 CHF||-46%|
|Auditing Insurance Manager||184,000 CHF||+49%|
|Claim Advocacy Professional||124,000 CHF||+1%|
|Claims Adjuster||46,600 CHF||-62%|
|Claims Analyst||65,900 CHF||-46%|
|Claims Examiner||66,500 CHF||-46%|
|Claims Manager||182,000 CHF||+48%|
|Claims Processor||48,500 CHF||-61%|
|Claims Representative||54,700 CHF||-56%|
|Claims Resolution Specialist||135,000 CHF||+10%|
|Claims Supervisor||131,000 CHF||+6%|
|Complaints Specialist||121,000 CHF||-2%|
|Compliance Officer||102,000 CHF||-17%|
|Eligibility Specialist||133,000 CHF||+8%|
|Insurance Account Manager||155,000 CHF||+26%|
|Insurance Accounts Executive||135,000 CHF||+10%|
|Insurance Agent||76,800 CHF||-38%|
|Insurance Analyst||131,000 CHF||+6%|
|Insurance Appraiser||135,000 CHF||+10%|
|Insurance Claims Clerk||45,600 CHF||-63%|
|Insurance Examiner||114,000 CHF||-7%|
|Insurance Investigator||118,000 CHF||-4%|
|Insurance Manager||219,000 CHF||+78%|
|Insurance Operations Manager||223,000 CHF||+81%|
|Insurance Policy Processing Clerk||47,000 CHF||-62%|
|Insurance Pricing Assistant||99,700 CHF||-19%|
|Insurance Program Manager||166,000 CHF||+35%|
|Insurance Project Manager||166,000 CHF||+35%|
|Insurance Quality Assurance Agent||111,000 CHF||-10%|
|Insurance Sales Agent||76,000 CHF||-38%|
|Insurance Sales Director||205,000 CHF||+67%|
|Insurance Team Leader||140,000 CHF||+14%|
|Insurance Underwriter||92,200 CHF||-25%|
|Loss Control Specialist||129,000 CHF||+5%|
|Loss Prevention Investigator||140,000 CHF||+14%|
|Loss Prevention Manager||179,000 CHF||+45%|
|Loss Prevention Specialist||132,000 CHF||+7%|
|Marine Underwriter||97,900 CHF||-20%|
|Medical Auditor||129,000 CHF||+5%|
|Monitoring and Performance Officer||91,200 CHF||-26%|
|Payment Services Specialist||135,000 CHF||+10%|
|Policy Change Director||192,000 CHF||+56%|
|Policy Change Supervisor||134,000 CHF||+9%|
|Policy Change Technician||60,500 CHF||-51%|
|Risk Analyst||143,000 CHF||+16%|
|Risk Management Director||250,000 CHF||+100%|
|Risk Management Supervisor||163,000 CHF||+32%|
|Risk Manager||245,000 CHF||+99%|
|Risk Modeling Manager||247,000 CHF||+100%|
|Title Insurance Typist||113,000 CHF||-8%|
|Training Manager||142,000 CHF||+15%|
|St. Gallen||127,000 CHF|
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.