Average Insurance Sales Director Salary in Cluj-Napoca, Romania for 2024

In this article, we will look at the average Insurance Sales Director salary for 2024 in Cluj-Napoca and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Romanian leu. To keep things simple, we are using the RON currency code instead of the currency symbol lei.

How Much Does an Insurance Sales Director Make in Cluj-Napoca?

An Insurance Sales Director working in Cluj-Napoca will typically earn around 172,200 RON per year, and this can range from the lowest average salary of about 86,740 RON to the highest average salary of 263,200 RON.

Average Annual Salary
172,200 RON
Average Monthly Salary
14,350 RON

Lowest Annual Salary
86,740 RON
Lowest Monthly Salary
7,228 RON

Highest Annual Salary
263,200 RON
Highest Monthly Salary
21,933 RON

These are average salaries for an Insurance Sales Director in Cluj-Napoca and include benefits such as housing and transport. It's also possible for an Insurance Sales Director to earn more or less than the average salaries shown above.

Insurance Sales Director salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Insurance Sales Director Salaries in Cluj-Napoca

So we've looked at the average salaries an Insurance Sales Director will earn in Cluj-Napoca. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Insurance Sales Director can earn between 86,740 RON and 263,200 RON on average in Cluj-Napoca. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Insurance Sales Director in Cluj-Napoca is 168,100 RON. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 168,100 RON, and 50% of the population earn more than 168,100 RON.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Insurance Sales Director salary in Cluj-Napoca, 25% of the population are earning less than 112,180 RON while 75% of the population earn more than 112,180 RON.

75% of the population earn less than 209,700 RON, and 25% of the population earn more than 209,700 RON.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Insurance Sales Director Salary by Experience Level in Cluj-Napoca

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average insurance sales director salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Insurance Sales Director in Cluj-Napoca that has less than two years of experience can expect to earn somewhere in the region of 96,180 RON.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Director salary would increase to 125,700 RON.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Director, the average salary would be 175,900 RON.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 212,500 RON.
  • 15 - 20 Years Experience. An Insurance Sales Director with 15 to 20 years of experience can earn an average of 232,900 RON.
  • 20+ Years Experience. For an Insurance Sales Director with more than 20 years, the expected average salary increases to 251,500 RON.

Average Salary by Experience Chart

0-2 Years
96,180 RON
2-5 Years +31%
125,700 RON
5-10 Years +40%
175,900 RON
10-15 Years +20%
212,500 RON
15-20 Years +9%
232,900 RON
20+ Years +8%
251,500 RON

Insurance Sales Director Salary by Education Level in Cluj-Napoca

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Insurance Sales Director in Cluj-Napoca based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Insurance Sales Director in Cluj-Napoca with a bachelor's degree education can earn an average salary of 120,880 RON.

  • Master's Degree. An Insurance Sales Director in Cluj-Napoca with a master's degree education can earn an average salary of 210,500 RON.

Average Salary by Education Chart

Bachelor's Degree
120,880 RON
Master's Degree +77%
210,500 RON

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Romania is around 44,900 to 135,000 RON and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Insurance Sales Director Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Cluj-Napoca, a male insurance sales director will earn an average of 174,000 RON, while a female insurance sales director will earn around 164,200 RON.

This means that a male insurance sales director earns approximately 6% more than a female insurance sales director for performing the same job.

Average Salary by Gender Chart in Cluj-Napoca

Male
174,000 RON
Female -6%
164,200 RON

Insurance Sales Director Average Pay Raise in Cluj-Napoca

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Insurance Sales Director in Cluj-Napoca is around 12% every 19 months.

The national average pay raise across all professions and industries in Romania is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 19 ) × 12  = 8%

What this means is that an Insurance Sales Director in Cluj-Napoca can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Cluj-Napoca for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Romania.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Insurance Sales Director Bonus and Incentive Rates in Cluj-Napoca

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Insurance Sales Director is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
81%
No Bonus
19%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Romania earn approximately 7% more than private sector employees in the same role.

Public Sector
112,660 RON
Private Sector -7%
105,620 RON

Salaries for Jobs Similar to an Insurance Sales Director

In the table below, we have salary information for jobs that are similar to an Insurance Sales Director in Cluj-Napoca.

Job Title Category Salary
Actuarial Analyst Insurance 142,300 RON
Actuarial Assistant Insurance 98,440 RON
Actuarial Specialist Insurance 96,680 RON
Actuary Insurance 148,300 RON
Adjustment Insurance Clerk Insurance 41,700 RON
Assistant Broker Insurance 64,300 RON
Assistant Claims Manager Insurance 113,220 RON
Associate Insurance Representative Insurance 53,860 RON
Auditing Insurance Manager Insurance 158,700 RON
Broker Insurance 106,980 RON
Claim Advocacy Professional Insurance 111,900 RON
Claims Adjuster Insurance 37,800 RON
Claims Analyst Insurance 52,380 RON
Claims Examiner Insurance 57,080 RON
Claims Manager Insurance 152,100 RON
Claims Processor Insurance 39,080 RON
Claims Representative Insurance 45,580 RON
Claims Resolution Specialist Insurance 115,640 RON
Claims Supervisor Insurance 102,020 RON
Complaints Specialist Insurance 94,380 RON
Compliance Examiner Insurance 96,340 RON
Compliance Officer Insurance 81,880 RON
Compliance Reviewer Insurance 101,900 RON
Consultant Insurance 99,280 RON
Eligibility Interviewer Insurance 115,620 RON
Eligibility Specialist Insurance 101,840 RON
Insurance Account Manager Insurance 125,700 RON
Insurance Accounts Executive Insurance 112,280 RON
Insurance Adjuster Insurance 99,340 RON
Insurance Agent Insurance 66,820 RON
Insurance Analyst Insurance 106,160 RON
Insurance Appraiser Insurance 101,860 RON
Insurance Claims Clerk Insurance 36,580 RON
Insurance Examiner Insurance 97,880 RON
Insurance Investigator Insurance 97,460 RON
Insurance Manager Insurance 175,900 RON
Insurance Operations Manager Insurance 174,000 RON
Insurance Policy Processing Clerk Insurance 37,800 RON
Insurance Pricing Assistant Insurance 84,580 RON
Insurance Program Manager Insurance 139,100 RON
Insurance Project Manager Insurance 125,700 RON
Insurance Quality Assurance Agent Insurance 92,880 RON
Insurance Sales Agent Insurance 61,400 RON
Insurance Sales Manager Insurance 139,100 RON
Insurance Sales Representative Insurance 56,460 RON
Insurance Team Leader Insurance 113,780 RON
Insurance Underwriter Insurance 80,520 RON
Loss Control Specialist Insurance 101,900 RON
Loss Prevention Investigator Insurance 106,500 RON
Loss Prevention Manager Insurance 146,200 RON
Loss Prevention Specialist Insurance 113,560 RON
Marine Underwriter Insurance 77,380 RON
Medical Auditor Insurance 105,800 RON
Monitoring and Performance Officer Insurance 73,760 RON
Payment Services Specialist Insurance 101,860 RON
Policy Change Director Insurance 164,200 RON
Policy Change Supervisor Insurance 112,420 RON
Policy Change Technician Insurance 48,560 RON
Risk Analyst Insurance 118,520 RON
Risk Management Director Insurance 204,700 RON
Risk Management Supervisor Insurance 129,000 RON
Risk Manager Insurance 187,500 RON
Risk Modeling Manager Insurance 201,100 RON
Title Insurance Typist Insurance 83,900 RON
Training Manager Insurance 111,920 RON

Salary Comparison by City

If you want to compare salaries with different cities in Romania, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Brasov 152,000 RON
Bucharest 180,500 RON
Sibiu 185,100 RON
Timisoara 172,200 RON

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Insurance Sales Director Salary in Cluj-Napoca, Romania for 2024". World Salaries. Accessed on December 11, 2024. https://worldsalaries.com/average-insurance-sales-director-salary-in-cluj-napoca/romania/.

  • "Average Insurance Sales Director Salary in Cluj-Napoca, Romania for 2024". World Salaries, https://worldsalaries.com/average-insurance-sales-director-salary-in-cluj-napoca/romania/. Accessed 11 December, 2024

  • Average Insurance Sales Director Salary in Cluj-Napoca, Romania for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-insurance-sales-director-salary-in-cluj-napoca/romania/.