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Broker Average Salary in Germany 2024

How much money does a person working as Broker make in Germany?


Average Monthly Salary
3,560 EUR
( 42,800 EUR yearly)

LOW
1,640
EUR
AVERAGE
3,560
EUR
HIGH
5,670
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Broker in Germany typically earns around 3,560 EUR. Salaries range from 1,640 EUR (lowest) to 5,670 EUR (highest).


Salary Variance

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



Broker Pay Scale and Salaries in Germany

Median and salary distribution Germany Broker monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,380 EUR or more
10% of people earn
2,960 to 3,380 EUR
20% of people earn
2,040 EUR or less
65% of people earn
2,040 to 2,960 EUR
Minimum Salary
1,640 EUR
Median
3,410 EUR
Maximum
5,670 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Broker in Germany range from 1,640 EUR (starting salary) to 5,670 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 3,410 EUR, half of the professionals who work as Broker in Germany earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Broker in Germany earn less than 2,750 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,930 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Broker in Germany compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,040 EUR to 2,960 EUR. About 20% of salaries are below the 2,040 EUR mark, while 10% fall within the range of 2,960 EUR to 3,380 EUR. Only 5% of individuals have salaries exceeding 3,380 EUR.

Salary Comparison by Years of Experience / Broker / Germany

How do experience and age affect pay?

0 - 2 Years
1,860 EUR
2 - 5 Years+34%
2,490 EUR
5 - 10 Years+48%
3,670 EUR
10 - 15 Years+22%
4,480 EUR
15 - 20 Years+9%
4,880 EUR
20+ Years+8%
5,280 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Germany Broker
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Broker and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,860 EUR.

While someone with an experience level between two and five years is expected to earn 2,490 EUR, 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 3,670 EUR, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,480 EUR, 22% 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 4,880 EUR, 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 5,280 EUR, 8% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Broker / Germany

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Broker.

Certificate or Diploma
2,120 EUR
Bachelor's Degree+57%
3,330 EUR
Master's Degree+68%
5,590 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Germany Broker
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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 salaries by education level for the position Broker in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 2,120 EUR.


Level 2: Bachelor's Degree

At this level, the average salary becomes 3,330 EUR, 57% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 5,590 EUR, 68% more than the previous level.



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 Germany costs anywhere from 19,100 EUR to 57,400 EUR 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / Broker / Germany

Salary comparison by gender Germany Broker monthly
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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? For the people who work as Broker in Germany, the average difference between the salary of male and female employees is 6%.

Male
3,670 EUR
Female-6%
3,460 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Germany for all Careers

Salary comparison by gender monthly Germany
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Average Annual Salary Increment Percentage / Broker / Germany

How much are annual salary increments in Germany for individuals working as Broker? How often do employees get salary raises?

Individuals working as Broker in Germany are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Germany Broker
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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.

Germany / All Professions

Annual Salary Increment Rate Germany
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Germany is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Broker / Germany

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Germany Broker
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64% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
36%
No Bonus
64%

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.

Average Hourly Wage / Broker / Germany


21 EUR per hour

The average hourly wage (pay per hour) for individuals working as Broker in Germany is 21 EUR.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Broker in Germany is 9 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Insurance-100%
Actuarial Analyst4,910 EUR+38%
Actuarial Assistant3,390 EUR-5%
Actuarial Specialist3,360 EUR-6%
Actuary4,980 EUR+40%
Adjustment Insurance Clerk1,390 EUR-61%
Assistant Broker2,440 EUR-32%
Assistant Claims Manager4,170 EUR+17%
Associate Insurance Representative1,880 EUR-47%
Auditing Insurance Manager5,450 EUR+53%
Blockchain Insurance Auditor3,440 EUR-3%
Broker3,560 EUR-0%
Claim Advocacy Professional3,790 EUR+6%
Claims Adjuster1,340 EUR-62%
Claims Analyst1,840 EUR-48%
Claims Examiner1,990 EUR-44%
Claims Manager5,300 EUR+49%
Claims Processor1,370 EUR-62%
Claims Representative1,600 EUR-55%
Claims Resolution Specialist4,000 EUR+12%
Claims Supervisor3,580 EUR+0%
Complaints Specialist3,450 EUR-3%
Compliance Examiner3,610 EUR+1%
Compliance Officer2,990 EUR-16%
Compliance Reviewer3,500 EUR-2%
Consultant3,800 EUR+7%
Drone Claims Adjuster1,610 EUR-55%
Eligibility Interviewer3,880 EUR+9%
Eligibility Specialist3,560 EUR-0%
Insurance Account Manager4,510 EUR+27%
Insurance Accounts Executive4,080 EUR+14%
Insurance Adjuster3,430 EUR-4%
Insurance Agent2,100 EUR-41%
Insurance Analyst3,760 EUR+5%
Insurance Appraiser3,780 EUR+6%
Insurance Claims Clerk1,380 EUR-61%
Insurance Compliance Officer4,050 EUR+14%
Insurance Data Scientist3,580 EUR+0%
Insurance Examiner3,330 EUR-7%
Insurance Fraud Investigator3,170 EUR-11%
Insurance Investigator3,350 EUR-6%
Insurance Manager6,270 EUR+76%
Insurance Operations Manager6,360 EUR+78%
Insurance Policy Processing Clerk1,430 EUR-60%
Insurance Pricing Assistant2,810 EUR-21%
Insurance Product Manager4,390 EUR+23%
Insurance Program Manager4,760 EUR+34%
Insurance Project Manager4,850 EUR+36%
Insurance Quality Assurance Agent3,240 EUR-9%
Insurance Sales Agent2,250 EUR-37%
Insurance Sales Director5,880 EUR+65%
Insurance Sales Manager5,050 EUR+42%
Insurance Sales Representative1,940 EUR-46%
Insurance Team Leader4,010 EUR+13%
Insurance Underwriter2,810 EUR-21%
Insurtech Analyst3,380 EUR-5%
Loss Control Specialist3,530 EUR-1%
Loss Prevention Investigator3,730 EUR+5%
Loss Prevention Manager5,120 EUR+44%
Loss Prevention Specialist4,060 EUR+14%
Marine Underwriter2,690 EUR-25%
Medical Auditor3,700 EUR+4%
Monitoring and Performance Officer2,550 EUR-28%
Parametric Insurance Specialist3,520 EUR-1%
Payment Services Specialist3,600 EUR+1%
Peer-to-Peer Insurance Manager4,560 EUR+28%
Policy Change Director5,890 EUR+65%
Policy Change Supervisor3,990 EUR+12%
Policy Change Technician1,760 EUR-51%
Risk Analyst4,310 EUR+21%
Risk Management Director7,330 EUR+110%
Risk Management Supervisor4,650 EUR+30%
Risk Manager6,790 EUR+91%
Risk Modeling Manager6,660 EUR+87%
Social Media Risk Analyst3,730 EUR+5%
Title Insurance Typist3,120 EUR-12%
Training Manager4,260 EUR+20%
Underwriting Assistant1,830 EUR-49%

Salary Comparison By City

CityAverage Salary
Berlin4,020 EUR
Dortmund3,600 EUR
Frankfurt3,900 EUR
Hamburg3,990 EUR
Munchen3,960 EUR
Stuttgart3,790 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Germany is 5% on average across all career fields.

Private Sector
3,740 EUR
Public Sector+5%
3,910 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Broker in Germany?

A good and competitive compensation would range anywhere between 3,410 EUR and 3,930 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Broker in Germany ranges from 1,640 EUR to 2,750 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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