- Salary statistics
- Sales manager, insurance
Sales manager, insurance salary
40 700 - 64 600 kr / month
Women earn 83% of what men do.
Administration, ekonomi
Salary progression Sales manager, insurance
Salary and Responsibilities for Sales Manager in Insurance
Working as a Sales Manager in the insurance sector entails leading and developing the sales operations within an insurance company. The role requires a combination of strategic thinking and the ability to motivate and inspire a sales team. Apart from setting goals and monitoring sales results, you work on developing sales strategies and building long-term customer relationships. It is also common for a sales manager in insurance to closely collaborate with insurance salespeople and advisors to ensure customers receive the best possible service.
Salary Statistics for Sales Manager in Insurance
The salary for a Sales Manager in insurance varies depending on several factors such as experience, education, and gender. The average monthly salary is 49 500 kronor. Men in the profession earn an average of 54 000 kronor, while women earn 45 000 kronor, meaning that women earn approximately 83 percent of what men do. On average, an hourly employee in the profession has an hourly wage of 298 kronor, based on 166 working hours per month. The average salary has increased from 47 400 kronor to 49 500 kronor since the last measurement.
Salary Range
Salaries in the profession can vary significantly. The highest salary for a male Sales Manager in insurance is 64600 kr. This salary belongs to a privately employed executive with a post-secondary education of three years or more. The highest salary for a female in the same profession is 54200 kr. At the lower end of the salary scale, a female privately employed executive with pre-secondary education earns 40700 kr, while the lowest salary for a male in the same profession is 46300 kr.
Benefits and Working Conditions
Sales Managers in insurance may sometimes be offered various benefits such as paid training, which can be valuable for staying updated with the latest insurance products and sales techniques. Other possible benefits may include a company-paid mobile phone and the opportunity to work from home, depending on the employer and company policies.
Education and Qualifications
To become a Sales Manager in insurance, a post-secondary education in economics, sales, or marketing is typically required. Experience in the insurance industry or in a similar sales role is often a prerequisite. Leadership experience is also a significant advantage, as the role involves leading and motivating a team. The ability to analyze market trends and develop strategies to achieve sales goals are also important skills for the profession.
Future Outlook and Job Market
The future outlook for Sales Managers in insurance is difficult to assess precisely, as the profession falls within a broader occupational group that includes insurance salespeople and advisors. The Public Employment Service does not have sufficient data to make a specific assessment for this profession, but in general, demand for competent sales managers in the insurance industry is expected to continue as insurance companies strive to improve their sales processes and customer relationships.
Challenges in the Profession
As a Sales Manager in insurance, you face several challenges. It may involve balancing between achieving sales goals and ensuring high customer satisfaction. Another challenge is staying updated with changes in insurance products and regulations. Additionally, managing and motivating a diverse sales team, where individuals may have different motivations and needs, can be a challenge.
Competition and Working Conditions
Competition for positions as a Sales Manager in insurance can be tough, especially in larger cities where more candidates compete for the same roles. Working conditions can vary depending on the company, but generally, you are expected to work under pressure with high sales targets and deadlines. Many sales managers work long hours, and travel may be part of the job, depending on the size of the company and the scope of the business operations.
What to Consider?
If you are considering a career as a Sales Manager in insurance, be prepared for demanding yet rewarding work. It is essential to have a strong sales background and leadership skills and be ready to continuously improve your knowledge through further education and certifications. Staying updated with market trends and customer needs is crucial to succeed in the role and contribute to the company's success.
Salary distributed by age and sector
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 28400 kr | 30200 kr |
25-34 | 92% | 38400 kr | 39900 kr |
35-44 | 84% | 51000 kr | 52500 kr |
45-54 | 78% | 56400 kr | 58300 kr |
55-64 | 75% | 56200 kr | 58400 kr |
Snitt | 83% | 47800 kr | 49500 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 28400 kr | 30200 kr |
25-34 | 92% | 38400 kr | 39900 kr |
35-44 | 84% | 51000 kr | 52500 kr |
45-54 | 78% | 56400 kr | 58300 kr |
55-64 | 75% | 56200 kr | 58400 kr |
Snitt | 83% | 47800 kr | 49500 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 28400 kr | 30200 kr |
25-34 | 92% | 38400 kr | 39900 kr |
35-44 | 84% | 51000 kr | 52500 kr |
45-54 | 78% | 56400 kr | 58300 kr |
55-64 | 75% | 56200 kr | 58400 kr |
Snitt | 83% | 47800 kr | 49500 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 29100 kr | 30800 kr |
25-34 | 92% | 39900 kr | 41400 kr |
35-44 | 84% | 55300 kr | 57000 kr |
45-54 | 78% | 63400 kr | 65900 kr |
55-64 | 75% | 64000 kr | 67000 kr |
Snitt | 83% | 52000 kr | 54000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 29100 kr | 30800 kr |
25-34 | 92% | 39900 kr | 41400 kr |
35-44 | 84% | 55300 kr | 57000 kr |
45-54 | 78% | 63400 kr | 65900 kr |
55-64 | 75% | 64000 kr | 67000 kr |
Snitt | 83% | 52000 kr | 54000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 29100 kr | 30800 kr |
25-34 | 92% | 39900 kr | 41400 kr |
35-44 | 84% | 55300 kr | 57000 kr |
45-54 | 78% | 63400 kr | 65900 kr |
55-64 | 75% | 64000 kr | 67000 kr |
Snitt | 83% | 52000 kr | 54000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 27900 kr | 29700 kr |
25-34 | 92% | 36700 kr | 38200 kr |
35-44 | 84% | 46700 kr | 48000 kr |
45-54 | 78% | 50000 kr | 51400 kr |
55-64 | 75% | 48800 kr | 50400 kr |
Snitt | 83% | 43600 kr | 45000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 27900 kr | 29700 kr |
25-34 | 92% | 36700 kr | 38200 kr |
35-44 | 84% | 46700 kr | 48000 kr |
45-54 | 78% | 50000 kr | 51400 kr |
55-64 | 75% | 48800 kr | 50400 kr |
Snitt | 83% | 43600 kr | 45000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 96% | 27900 kr | 29700 kr |
25-34 | 92% | 36700 kr | 38200 kr |
35-44 | 84% | 46700 kr | 48000 kr |
45-54 | 78% | 50000 kr | 51400 kr |
55-64 | 75% | 48800 kr | 50400 kr |
Snitt | 83% | 43600 kr | 45000 kr |
About the data
All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.
All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.
Profession Sales manager, insurance has the SSYK code 3321, which we use to match against the SCB database to obtain the latest salary statistics.
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