Salary Guide
Brown & Brown Salaries in Phoenix: Complete Compensation Analysis
Considering a career at Brown & Brown in Phoenix? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for Brown & Brown
Average Base Salary
$85,000
Across all positions in Phoenix
Salary Range
$50,000 - $150,000
From entry-level to executive positions
Industry Comparison
5% Above
Compared to industry average in Phoenix
Total Compensation
+12%
Average bonus, stock options, and benefits
Location Factor: Phoenix
Working at Brown & Brown in Phoenix comes with specific geographical considerations:
- Cost of living index: 108 (U.S. average = 100)
- Average housing cost: $1,800/month for 1-bedroom apartment
- State income tax rate: 4.24%
- Regional salary adjustment factor: 8% higher than national average
- Remote work opportunities: Hybrid
Salary Negotiation Tips for Brown & Brown
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to Brown & Brown:
- Highlight sales experience that commands premium compensation
- Research indicates Brown & Brown typically has 5% flexibility on initial offers
- Negotiating for bonus may be more successful than base salary increases
- Emphasize client acquisition that aligns with company values
- Consider year-end which has proven effective
Recent Compensation Trends at Brown & Brown
Our analysis shows the following significant trends in Brown & Brown's compensation strategy over the past year:
- 8% increase in starting salaries for Sales Representative positions
- New emphasis on wellness programs as part of compensation packages
- Shift towards performance-based bonuses
- Increased investment in referral bonuses
- annual adjustments to remain competitive in Phoenix
Employee Testimonials
"After 4 years at Brown & Brown in Phoenix, I've seen my compensation grow by approximately 10% annually. The company values communication and rewards it consistently through merit-based raises."
- Anonymous, Account Manager
"The total compensation at Brown & Brown is competitive, but what really stands out is flexible work schedule. This has added significant value to my overall package, worth approximately $5,000 annually."
- Anonymous, Claims Adjuster
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| Brown & Brown | $85,000 | 10% | 2% | $96,000 |
| Marsh & McLennan | $80,000 | 8% | 1% | $88,000 |
| Aon | $82,000 | 9% | 2% | $91,000 |
| Willis Towers Watson | $78,000 | 7% | 1% | $85,000 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at Brown & Brown. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+15% premium
Most valued in: Underwriting, IT
Master's Degree
+8% premium
Most valued in: Claims, Account Management
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+3% per certification
Most valued: CPCU, CIC, ARM
Promotion and Raise Cycles
Understanding Brown & Brown's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 2 years in current role
- Average salary bump with promotion: 8-15%
- Bonus determinations made in November, paid in January
- Off-cycle raises most common in exceptional performance
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 1,500 verified salary reports from current and former employees (collected January 2024 - September 2024)
- Analysis of 300 job postings from Brown & Brown in Phoenix (collected January 2024 - September 2024)
- Interviews with 10 recruiters specializing in Brown & Brown placements
- Data from Bureau of Labor Statistics for Phoenix
- Industry compensation surveys from Glassdoor, Indeed, and Salary.com
- Proprietary JobBridge salary database with 15,000 data points
This data is accurate as of October 2024 and represents a comprehensive view of Brown & Brown's compensation structure in Phoenix.
Frequently Asked Questions
About This Salary Data
Our Brown & Brown salary data has been meticulously compiled from multiple reliable sources, including:
- 1,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in Brown & Brown placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2024, making it one of the most current and accurate salary resources available for Brown & Brown in Phoenix.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Insurance Sales | $55,000 | $75,000 | $100,000 |
| Claims | $50,000 | $65,000 | $85,000 |
| Underwriting | $60,000 | $80,000 | $110,000 |
| Account Management | $52,000 | $70,000 | $90,000 |
| Customer Service | $45,000 | $60,000 | $75,000 |
| IT | $65,000 | $90,000 | $120,000 |
Top-Paying Roles at Brown & Brown
Based on our research, these are the highest-paying positions at Brown & Brown in Phoenix:
1. Regional Vice President
$150,000
Typical requirements: 10+ years experience, proven leadership
2. Senior Underwriter
$120,000
Typical requirements: 8+ years experience, strong analytical skills
3. Sales Manager
$110,000
Typical requirements: 7+ years experience, proven sales success
4. Claims Director
$100,000
Typical requirements: 5+ years experience, claims management expertise
5. IT Director
$125,000
Typical requirements: 10+ years experience, leadership in IT
How Brown & Brown Salaries Compare to Market
Total Compensation Analysis
At Brown & Brown, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
0-5%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$8,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at Brown & Brown include:
Salary by Experience Level
Years of experience significantly impact your earning potential at Brown & Brown. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2024 • Data accuracy verified by our research team