Question:
Scot,
Can
you possibly advise a salary range? I worked with another recruiter who advised
that I was currently on the low end for salary.
Answer:
Hi
Candidate,
Recruiters
need to be careful what they say. Everything has a context to it and
everything is relative. Companies vary in their base salary structures
just as they vary in the non-guaranteed part of the comp. One cannot
simply make a statement as that recruiter made. What is the reference
point? Salaries vary by the type of the organization. However even
within carriers, salaries are going to vary. A national carrier for example may
have a different salary structure than a small carrier writing in three
states. The comparisons go on and on. So again, to simply make a
blanket statement as was made to you is reckless.
A
better way to put it would be, there are carriers that may pay more than you
are currently making. There are carriers that may be paying the same as
you are making.
You
have shy of two years of commercial lines underwriting experience. So the
question is, what would someone expect as a typical base salary in your
geographic area with a similar carrier and given two years of commercial lines
underwriting experience? You are presently at $50k on base. Could
you make more elsewhere? Yes you could. Salaries could be anywhere from
$55k to $60k. But they could be less.
You
stated that your salary expectations are $70k. For two years of experience,
that is typically going to exceed the majority of carriers’ ranges for that
experience.
But
the real question regarding our specific situation comes down to internal
equity. The client carrier cannot justify bringing in someone with two
years of experience at $70k when they have underwriters on staff with the same
or more experience that are not making $70k.
Again,
all things are relative and must be considered in the context of the specific
scenario being considered.
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