Insurance Program Manager Average Salary in Vienna 2024
How much money does a person working as Insurance Program Manager make in Vienna?
LOW
2,670
EUR AVERAGE
5,460
EUR HIGH
8,510
EUR
A person working as Insurance Program Manager in Vienna typically earns around 5,460 EUR. Salaries range from 2,670 EUR (lowest) to 8,510 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurance Program Manager salaries in Vienna vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Insurance Program Manager Pay Scale and Salaries in Vienna
Salary Structure and Pay Scale Comparison
5,060 EUR or more
4,470 to 5,060 EUR
3,170 EUR or less
3,170 to 4,470 EUR
 2,670 EUR |
5,090 EUR |
8,510 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Insurance Program Manager in Vienna range from 2,670 EUR (starting salary) to 8,510 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 5,090 EUR, half of the professionals who work as Insurance Program Manager in Vienna 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 Insurance Program Manager in Vienna earn less than 4,160 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,820 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 Insurance Program Manager in Vienna compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,170 EUR to 4,470 EUR. About 20% of salaries are below the 3,170 EUR mark, while 10% fall within the range of 4,470 EUR to 5,060 EUR. Only 5% of individuals have salaries exceeding 5,060 EUR.
Salary Comparison by Years of Experience / Insurance Program Manager / Vienna
How do experience and age affect pay?
| 0 - 2 Years | 3,170 EUR | |
| 2 - 5 Years | +29% | 4,080 EUR |
| 5 - 10 Years | +38% | 5,620 EUR |
| 10 - 15 Years | +24% | 6,970 EUR |
| 15 - 20 Years | +7% | 7,460 EUR |
| 20+ Years | +7% | 7,960 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 Program Manager and this is what we found.
Employees with less than two years of experience earn approximately 3,170 EUR.
While someone with an experience level between two and five years is expected to earn 4,080 EUR, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5,620 EUR, 38% 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 6,970 EUR, 24% 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 7,460 EUR, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 7,960 EUR, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Insurance Program Manager / Vienna
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Insurance Program Manager.
| Bachelor's Degree | 3,960 EUR | |
| Master's Degree | +60% | 6,350 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 Program Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 3,960 EUR.
Level 2: Master's Degree
At this level, the average salary becomes 6,350 EUR, 60% 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 Austria costs anywhere from 19,000 EUR to 57,000 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 and Compensation Comparison By Gender / Insurance Program Manager / Vienna
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 Program Manager in Austria, the average difference between the salary of male and female employees is 4%.
| Male | 5,000 EUR | |
| Female | -4% | 4,790 EUR |
Salary Comparison By Gender in Austria for all Careers
Average Annual Salary Increment Percentage / Insurance Program Manager / Vienna
How much are annual salary increments in Vienna for individuals working as Insurance Program Manager? How often do employees get salary raises?
Individuals working as Insurance Program Manager in Austria are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Austria / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Insurance Program Manager / Austria
How much and how often are bonuses being awarded?
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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% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe 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.
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 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.
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 / Insurance Program Manager / Vienna
31 EUR per hourThe average hourly wage (pay per hour) for individuals working as Insurance Program Manager in Vienna is 31 EUR.This is the rate they get paid for every worked hour.
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 Insurance Program Manager in Vienna is 15 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 Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 5,950 EUR |  +9% |
| Actuarial Assistant | 4,180 EUR | -23% |
| Actuarial Specialist | 4,230 EUR | -22% |
| Actuary | 6,020 EUR | +10% |
| Adjustment Insurance Clerk | 1,660 EUR | -70% |
| Assistant Broker | 2,620 EUR | -52% |
| Assistant Claims Manager | 4,750 EUR | -13% |
| Associate Insurance Representative | 2,350 EUR | -57% |
| Auditing Insurance Manager | 6,610 EUR | +21% |
| Blockchain Insurance Auditor | 3,880 EUR | -29% |
| Broker | 4,470 EUR | -18% |
| Claim Advocacy Professional | 4,200 EUR | -23% |
| Claims Adjuster | 1,650 EUR | -70% |
| Claims Analyst | 2,310 EUR | -58% |
| Claims Examiner | 2,300 EUR | -58% |
| Claims Manager | 6,230 EUR | +14% |
| Claims Processor | 1,640 EUR | -70% |
| Claims Representative | 1,950 EUR | -64% |
| Claims Resolution Specialist | 4,500 EUR | -18% |
| Claims Supervisor | 4,360 EUR | -20% |
| Complaints Specialist | 4,110 EUR | -25% |
| Compliance Examiner | 4,060 EUR | -26% |
| Compliance Officer | 3,570 EUR | -35% |
| Compliance Reviewer | 4,000 EUR | -27% |
| Consultant | 4,270 EUR | -22% |
| Drone Claims Adjuster | 1,850 EUR | -66% |
| Eligibility Interviewer | 4,710 EUR | -14% |
| Eligibility Specialist | 4,400 EUR | -19% |
| Insurance Account Manager | 5,540 EUR | +2% |
| Insurance Accounts Executive | 4,780 EUR | -12% |
| Insurance Adjuster | 3,990 EUR | -27% |
| Insurance Agent | 2,680 EUR | -51% |
| Insurance Analyst | 4,290 EUR | -21% |
| Insurance Appraiser | 4,130 EUR | -24% |
| Insurance Claims Clerk | 1,530 EUR | -72% |
| Insurance Compliance Officer | 4,860 EUR | -11% |
| Insurance Data Scientist | 3,960 EUR | -27% |
| Insurance Examiner | 4,160 EUR | -24% |
| Insurance Fraud Investigator | 3,570 EUR | -35% |
| Insurance Investigator | 4,260 EUR | -22% |
| Insurance Manager | 7,330 EUR | +34% |
| Insurance Operations Manager | 7,380 EUR | +35% |
| Insurance Policy Processing Clerk | 1,680 EUR | -69% |
| Insurance Pricing Assistant | 3,420 EUR | -37% |
| Insurance Product Manager | 5,020 EUR | -8% |
| Insurance Program Manager | 5,460 EUR | +0% |
| Insurance Project Manager | 5,450 EUR | -0% |
| Insurance Quality Assurance Agent | 3,810 EUR | -30% |
| Insurance Sales Agent | 2,680 EUR | -51% |
| Insurance Sales Director | 7,260 EUR | +33% |
| Insurance Sales Manager | 5,580 EUR | +2% |
| Insurance Sales Representative | 2,340 EUR | -57% |
| Insurance Team Leader | 4,440 EUR | -19% |
| Insurance Underwriter | 3,110 EUR | -43% |
| Insurtech Analyst | 3,930 EUR | -28% |
| Loss Control Specialist | 3,990 EUR | -27% |
| Loss Prevention Investigator | 4,290 EUR | -21% |
| Loss Prevention Manager | 5,990 EUR | +10% |
| Loss Prevention Specialist | 4,830 EUR | -11% |
| Marine Underwriter | 3,270 EUR | -40% |
| Medical Auditor | 4,330 EUR | -21% |
| Monitoring and Performance Officer | 3,060 EUR | -44% |
| Parametric Insurance Specialist | 4,300 EUR | -21% |
| Payment Services Specialist | 4,130 EUR | -24% |
| Peer-to-Peer Insurance Manager | 5,130 EUR | -6% |
| Policy Change Director | 6,820 EUR | +25% |
| Policy Change Supervisor | 4,700 EUR | -14% |
| Policy Change Technician | 2,100 EUR | -62% |
| Risk Analyst | 4,830 EUR | -11% |
| Risk Management Director | 8,360 EUR | +53% |
| Risk Management Supervisor | 5,390 EUR | -1% |
| Risk Manager | 8,010 EUR | +47% |
| Risk Modeling Manager | 7,990 EUR | +46% |
| Social Media Risk Analyst | 4,480 EUR | -18% |
| Title Insurance Typist | 3,680 EUR | -33% |
| Training Manager | 4,580 EUR | -16% |
| Underwriting Assistant | 2,220 EUR | -59% |
Salary Comparison By City
| City | Average Salary |
| Vienna | 5,460 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 Austria is 7% on average across all career fields.
| Private Sector | 3,650 EUR | |
| Public Sector | +7% | 3,920 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurance Program Manager in Vienna?
A good and competitive compensation would range anywhere between 5,090 EUR and 5,820 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 Insurance Program Manager in Vienna ranges from 2,670 EUR to 4,160 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
