A person working as Insurance Sales Representative in Milano typically earns around 2,190 EUR. Salaries range from 1,100 EUR (lowest) to 3,400 EUR (highest).
This is the average salary including housing, transport, and other benefits. Insurance Sales Representative salaries in Milano vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 1,100 EUR |
Median 2,030 EUR |
Maximum 3,400 EUR |
Salaries for the position Insurance Sales Representative in Milano range from 1,100 EUR (starting salary) to 3,400 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.
With a median salary of 2,030 EUR, half of the professionals who work as Insurance Sales Representative in Milano 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.
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 Insurance Sales Representative in Milano earn less than 1,670 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,310 EUR while 25% earn more.
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 Insurance Sales Representative in Milano compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,280 EUR to 1,790 EUR. About 20% of salaries are below the 1,280 EUR mark, while 10% fall within the range of 1,790 EUR to 2,020 EUR. Only 5% of individuals have salaries exceeding 2,020 EUR.
0 - 2 Years | 1,320 EUR | |
2 - 5 Years | +32% | 1,740 EUR |
5 - 10 Years | +34% | 2,330 EUR |
10 - 15 Years | +19% | 2,780 EUR |
15 - 20 Years | +8% | 2,990 EUR |
20+ Years | +7% | 3,210 EUR |
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 Insurance Sales Representative and this is what we found.
Employees with less than two years of experience earn approximately 1,320 EUR.
While someone with an experience level between two and five years is expected to earn 1,740 EUR, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,330 EUR, 34% 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 2,780 EUR, 19% 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 2,990 EUR, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,210 EUR, 7% more than people with fifteen to twenty years of experience.
Certificate or Diploma | 1,740 EUR | |
Bachelor's Degree | +37% | 2,390 EUR |
Master's Degree | +29% | 3,080 EUR |
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 Insurance Sales Representative in order to make a comparison.
Employees at this education level have an average salary of 1,740 EUR.
At this level, the average salary becomes 2,390 EUR, 37% more than the previous level.
At this level, the average salary becomes 3,080 EUR, 29% more than the previous level.
A Master's degree program or any post-graduate program in Italy costs anywhere from 18,300 EUR to 54,900 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.
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 Insurance Sales Representative in Italy, the average difference between the salary of male and female employees is 6%.
Male | 2,100 EUR | |
Female | -5% | 1,990 EUR |
Individuals working as Insurance Sales Representative in Italy are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
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.
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
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.
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus | % | |
No Bonus | 100% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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. |
Example: | Example: |
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 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.
The minimum pay rate per hour for people working as Insurance Sales Representative in Milano is 6 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Insurance | -100% | |
Actuarial Analyst | 5,330 EUR | +140% |
Actuarial Assistant | 4,040 EUR | +84% |
Actuarial Specialist | 3,990 EUR | +82% |
Actuary | 5,640 EUR | +160% |
Adjustment Insurance Clerk | 1,520 EUR | -31% |
Assistant Broker | 2,560 EUR | +17% |
Assistant Claims Manager | 4,600 EUR | +110% |
Associate Insurance Representative | 2,250 EUR | +3% |
Auditing Insurance Manager | 5,920 EUR | +170% |
Blockchain Insurance Auditor | 3,940 EUR | +80% |
Broker | 4,100 EUR | +87% |
Claim Advocacy Professional | 4,080 EUR | +86% |
Claims Adjuster | 1,590 EUR | -27% |
Claims Analyst | 2,180 EUR | -1% |
Claims Examiner | 2,120 EUR | -3% |
Claims Manager | 5,600 EUR | +160% |
Claims Processor | 1,590 EUR | -27% |
Claims Representative | 1,900 EUR | -13% |
Claims Resolution Specialist | 4,260 EUR | +94% |
Claims Supervisor | 4,130 EUR | +88% |
Complaints Specialist | 3,670 EUR | +67% |
Compliance Examiner | 4,080 EUR | +86% |
Compliance Officer | 3,370 EUR | +54% |
Compliance Reviewer | 3,920 EUR | +79% |
Consultant | 4,290 EUR | +96% |
Drone Claims Adjuster | 1,760 EUR | -20% |
Eligibility Interviewer | 4,340 EUR | +98% |
Eligibility Specialist | 4,070 EUR | +86% |
Insurance Account Manager | 4,920 EUR | +120% |
Insurance Accounts Executive | 4,620 EUR | +110% |
Insurance Adjuster | 3,820 EUR | +74% |
Insurance Agent | 2,510 EUR | +15% |
Insurance Analyst | 3,860 EUR | +76% |
Insurance Appraiser | 4,050 EUR | +85% |
Insurance Claims Clerk | 1,460 EUR | -33% |
Insurance Compliance Officer | 4,770 EUR | +120% |
Insurance Data Scientist | 3,790 EUR | +73% |
Insurance Examiner | 3,880 EUR | +77% |
Insurance Fraud Investigator | 3,340 EUR | +52% |
Insurance Investigator | 3,880 EUR | +77% |
Insurance Manager | 7,000 EUR | +220% |
Insurance Operations Manager | 6,880 EUR | +210% |
Insurance Policy Processing Clerk | 1,490 EUR | -32% |
Insurance Pricing Assistant | 3,100 EUR | +41% |
Insurance Product Manager | 5,060 EUR | +130% |
Insurance Program Manager | 5,580 EUR | +150% |
Insurance Project Manager | 5,470 EUR | +150% |
Insurance Quality Assurance Agent | 3,420 EUR | +56% |
Insurance Sales Agent | 2,570 EUR | +17% |
Insurance Sales Director | 7,010 EUR | +220% |
Insurance Sales Manager | 5,350 EUR | +140% |
Insurance Sales Representative | 2,190 EUR | -0% |
Insurance Team Leader | 4,180 EUR | +91% |
Insurance Underwriter | 3,020 EUR | +38% |
Insurtech Analyst | 3,880 EUR | +77% |
Loss Control Specialist | 4,000 EUR | +82% |
Loss Prevention Investigator | 4,190 EUR | +91% |
Loss Prevention Manager | 5,720 EUR | +160% |
Loss Prevention Specialist | 4,510 EUR | +110% |
Marine Underwriter | 3,090 EUR | +41% |
Medical Auditor | 4,130 EUR | +88% |
Monitoring and Performance Officer | 2,920 EUR | +33% |
Parametric Insurance Specialist | 4,010 EUR | +83% |
Payment Services Specialist | 4,050 EUR | +85% |
Peer-to-Peer Insurance Manager | 4,930 EUR | +120% |
Policy Change Director | 6,640 EUR | +200% |
Policy Change Supervisor | 4,470 EUR | +100% |
Policy Change Technician | 1,950 EUR | -11% |
Risk Analyst | 4,720 EUR | +120% |
Risk Management Director | 7,980 EUR | +260% |
Risk Management Supervisor | 5,020 EUR | +130% |
Risk Manager | 8,040 EUR | +270% |
Risk Modeling Manager | 7,840 EUR | +260% |
Social Media Risk Analyst | 4,390 EUR | +100% |
Title Insurance Typist | 3,700 EUR | +69% |
Training Manager | 4,460 EUR | +100% |
Underwriting Assistant | 2,100 EUR | -4% |
City | Average Salary |
Milano | 2,190 EUR |
Rome | 2,110 EUR |
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 Italy is 5% on average across all career fields.
Private Sector | 3,560 EUR | |
Public Sector | +5% | 3,750 EUR |
A good and competitive compensation would range anywhere between 2,030 EUR and 2,310 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Insurance Sales Representative in Milano ranges from 1,100 EUR to 1,670 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.
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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