Financial Managers vs Insurance Sales Agents: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Financial Managers professionals earn $101,330 more per year than Insurance Sales Agents professionals — that's 167.8% higher.
Salary Range Comparison
Financial Managers$86,490 – N/A
Insurance Sales Agents$36,390 – $135,660
$36,390$135,660
Detailed Salary Comparison
| Percentile | Financial Managers | Insurance Sales Agents | Difference |
|---|---|---|---|
| 10th Percentile | $86,490 | $36,390 | +$50,100 |
| 25th Percentile | $118,360 | $45,520 | +$72,840 |
| Median (50th) | $161,700 | $60,370 | +$101,330 |
| 75th Percentile | $214,210 | $91,150 | +$123,060 |
| 90th Percentile | N/A | $135,660 | N/A |
| Mean (Average) | $180,470 | $81,510 | +$98,960 |
Employment Numbers
Financial Managers
818,620
employed nationwide
Insurance Sales Agents
469,480
employed nationwide
Top Paying Cities
Best Cities for Financial Managers
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $218,920 |
| New York-Newark-Jersey City, NY-NJ-PA | $216,520 |
| San Francisco-Oakland-Berkeley, CA | $211,730 |
| Boston-Cambridge-Nashua, MA-NH | $188,490 |
| Seattle-Tacoma-Bellevue, WA | $180,770 |
Best Cities for Insurance Sales Agents
| City | Median |
|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $81,890 |
| Hartford-East Hartford-Middletown, CT | $79,860 |
| New York-Newark-Jersey City, NY-NJ-PA | $78,130 |
| San Francisco-Oakland-Berkeley, CA | $77,630 |
| Boston-Cambridge-Nashua, MA-NH | $76,570 |
Frequently Asked Questions
Who earns more: Financial Managers or Insurance Sales Agents?
Financial Managers professionals earn more, with a median salary difference of $101,330 (167.8% higher) as of 2024 BLS data.
What is the salary range for Financial Managers?
Financial Managers salaries range from $86,490 (10th percentile) to N/A (90th percentile), with a median of $161,700.
What is the salary range for Insurance Sales Agents?
Insurance Sales Agents salaries range from $36,390 (10th percentile) to $135,660 (90th percentile), with a median of $60,370.
How many Financial Managers and Insurance Sales Agents jobs are there?
There are approximately 818,620 Financial Managers positions and 469,480 Insurance Sales Agents positions nationwide according to 2024 BLS data.
Is it worth switching from Insurance Sales Agents to Financial Managers?
Career decisions depend on many factors beyond salary. Financial Managers has a median salary of $161,700 while Insurance Sales Agents earns $60,370. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS