Home > Salary > Nigeria > Branch Manager Insurance Office
A branch manager in an insurance office is responsible for overseeing the operations and activities of the branch. They are tasked with managing a team of insurance agents and ensuring that the branch meets its sales targets and objectives. The branch manager is involved in recruiting and training staff, setting performance goals, and providing guidance and support to their team. They are also responsible for maintaining relationships with clients and addressing any customer concerns or issues. Additionally, a branch manager in an insurance office is involved in developing and implementing strategies to increase sales and market share. They must stay up to date with industry trends and regulations to ensure compliance and provide excellent customer service.
Estimated Yearly Salary: 5,206,825 NGN
Estimated Monthly Salary: 433,902 NGN
Estimated Weekly Salary: 100,131 NGN per week
Estimated Hourly Salary: 2,503 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 6,210 USD
Estimated Monthly Salary: 518 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 5,206,825 NGN
Estimated Monthly Salary: 433,902 NGN
Estimated Weekly Salary: 100,131 NGN per week
Estimated Hourly Salary: 2,503 NGN per hour
By working as Branch Manager Insurance Office a person can save up to 312 USD per month or 3,743 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Nigeria, see costs of living in Nigeria.
Estimated Yearly Salary for Branch Manager Insurance Office
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Automotive retail salesperson (2,509,195 NGN per year, pre-tax.)
Radiology imaging center supervisor (4,890,706 NGN per year, pre-tax.)
Warehouse runner (2,575,716 NGN per year, pre-tax.)
Sales consultant medical sales (5,573,612 NGN per year, pre-tax.)
Senior recruiter (6,489,811 NGN per year, pre-tax.)
Branch Manager Insurance Office salary in Nigeria
Average Yearly Salary of Branch Manager Insurance Office in Nigeria is approximately 5,206,825 NGN (6,210 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Branch Manager Insurance Office do?
A branch manager in an insurance office is responsible for overseeing the operations and activities of the branch. They are tasked with managing a team of insurance agents and ensuring that the branch meets its sales targets and objectives. The branch manager is involved in recruiting and training staff, setting performance goals, and providing guidance and support to their team. They are also responsible for maintaining relationships with clients and addressing any customer concerns or issues. Additionally, a branch manager in an insurance office is involved in developing and implementing strategies to increase sales and market share. They must stay up to date with industry trends and regulations to ensure compliance and provide excellent customer service.
Skills: Branch Manager, Insurance Office, Sales Management, Team Leadership, Customer Service, Relationship Management
Job industry: Insurance
Job industry: Insurance
How much does Branch Manager Insurance Office make?
Salary details
How much does Branch Manager Insurance Office make?Estimated Yearly Salary: 5,206,825 NGN
Estimated Monthly Salary: 433,902 NGN
Estimated Weekly Salary: 100,131 NGN per week
Estimated Hourly Salary: 2,503 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,011,820 NGNEstimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-07Branch Manager Insurance Office estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,210 USD
Estimated Monthly Salary: 518 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Branch Manager Insurance Office job salary compared to average salary in Nigeria.
Comparison shows that a person working as Branch Manager Insurance Office in Nigeria earns on average:
1.32 times the average salary (or 132% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Branch Manager Insurance Office job salary compared to average salary in Nigeria.
Comparison shows that a person working as Branch Manager Insurance Office in Nigeria earns on average:
1.32 times the average salary (or 132% of average salary).
Is Branch Manager Insurance Office a well paid job?
Yes, our data shows that Branch Manager Insurance Office is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Branch Manager Insurance Office?
High salary for Branch Manager Insurance Office would be somewhere between 5,727,508 NGN and 7,549,896 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Branch Manager Insurance Office in Nigeria?
Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 5,206,825 NGN
Estimated Monthly Salary: 433,902 NGN
Estimated Weekly Salary: 100,131 NGN per week
Estimated Hourly Salary: 2,503 NGN per hour
By working as Branch Manager Insurance Office a person can save up to 312 USD per month or 3,743 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Nigeria, see costs of living in Nigeria.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Niger, Chad, Cameroon, Benin. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Branch Manager Insurance Office
Cameroon is 2,003 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Nigeria
(44,763,887 NGN per year, pre-tax.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
(36,135,019 NGN per year, pre-tax.)
4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Automotive retail salesperson (2,509,195 NGN per year, pre-tax.)
Radiology imaging center supervisor (4,890,706 NGN per year, pre-tax.)
Warehouse runner (2,575,716 NGN per year, pre-tax.)
Sales consultant medical sales (5,573,612 NGN per year, pre-tax.)
Senior recruiter (6,489,811 NGN per year, pre-tax.)
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