Average Insurance Sales Director Salary in Czech Republic for 2024

In this article, we will look at the average Insurance Sales Director salary for 2024 in Czech Republic 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 Czech koruna. To keep things simple, we are using the CZK currency code instead of the currency symbol Kฤ.

How Much Does an Insurance Sales Director Make in Czech Republic?

An Insurance Sales Director working in Czech Republic will typically earn around 1,168,700 CZK per year, and this can range from the lowest average salary of about 607,400 CZK to the highest average salary of 1,788,300 CZK.

Average Annual Salary
1,168,700 CZK
Average Monthly Salary
97,391 CZK

Lowest Annual Salary
607,400 CZK
Lowest Monthly Salary
50,616 CZK

Highest Annual Salary
1,788,300 CZK
Highest Monthly Salary
149,025 CZK

These are average salaries for an Insurance Sales Director in Czech Republic 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 Czech Republic

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

Salary ranges

We already know that an Insurance Sales Director can earn between 607,400 CZK and 1,788,300 CZK on average in Czech Republic. 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 Czech Republic is 1,122,900 CZK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,122,900 CZK, and 50% of the population earn more than 1,122,900 CZK.

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 Czech Republic, 25% of the population are earning less than 778,900 CZK while 75% of the population earn more than 778,900 CZK.

75% of the population earn less than 1,391,600 CZK, and 25% of the population earn more than 1,391,600 CZK.

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 Czech Republic

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 Czech Republic that has less than two years of experience can expect to earn somewhere in the region of 691,200 CZK.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Director salary would increase to 926,000 CZK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Director, the average salary would be 1,198,300 CZK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,450,700 CZK.
  • 15 - 20 Years Experience. An Insurance Sales Director with 15 to 20 years of experience can earn an average of 1,594,500 CZK.
  • 20+ Years Experience. For an Insurance Sales Director with more than 20 years, the expected average salary increases to 1,678,300 CZK.

Average Salary by Experience Chart

0-2 Years
691,200 CZK
2-5 Years +34%
926,000 CZK
5-10 Years +30%
1,198,300 CZK
10-15 Years +21%
1,450,700 CZK
15-20 Years +9%
1,594,500 CZK
20+ Years +5%
1,678,300 CZK

Insurance Sales Director Salary by Education Level in Czech Republic

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 Czech Republic 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 Czech Republic with a bachelor's degree education can earn an average salary of 973,800 CZK.

  • Master's Degree. An Insurance Sales Director in Czech Republic with a master's degree education can earn an average salary of 1,357,900 CZK.

Average Salary by Education Chart

Bachelor's Degree
973,800 CZK
Master's Degree +39%
1,357,900 CZK

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 Czech Republic is around 305,000 to 914,000 CZK 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 Czech Republic, a male insurance sales director will earn an average of 1,198,300 CZK, while a female insurance sales director will earn around 1,138,500 CZK.

This means that a male insurance sales director earns approximately 5% more than a female insurance sales director for performing the same job.

Average Salary by Gender Chart in Czech Republic

Male
1,198,300 CZK
Female -5%
1,138,500 CZK

Insurance Sales Director Average Pay Raise in Czech Republic

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 Czech Republic is around 12% every 19 months.

The national average pay raise across all professions and industries in Czech Republic 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 Czech Republic can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Czech Republic for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Insurance Sales Director Bonus and Incentive Rates in Czech Republic

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 79% of employees reporting at least one bonus in the last 12 months.

21% 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 6% to 8%.

Received Bonus
79%
No Bonus
21%

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 Czech Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
758,700 CZK
Private Sector -7%
709,600 CZK

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 Czech Republic.

Job Title Category Salary
Actuarial Analyst Insurance 999,500 CZK
Actuarial Assistant Insurance 674,100 CZK
Actuarial Specialist Insurance 721,600 CZK
Actuary Insurance 955,800 CZK
Adjustment Insurance Clerk Insurance 263,200 CZK
Assistant Broker Insurance 442,300 CZK
Assistant Claims Manager Insurance 752,600 CZK
Associate Insurance Representative Insurance 369,900 CZK
Auditing Insurance Manager Insurance 1,109,600 CZK
Broker Insurance 744,700 CZK
Claim Advocacy Professional Insurance 757,300 CZK
Claims Adjuster Insurance 265,000 CZK
Claims Analyst Insurance 394,800 CZK
Claims Examiner Insurance 377,200 CZK
Claims Manager Insurance 978,900 CZK
Claims Processor Insurance 275,200 CZK
Claims Representative Insurance 319,600 CZK
Claims Resolution Specialist Insurance 778,900 CZK
Claims Supervisor Insurance 696,700 CZK
Complaints Specialist Insurance 699,700 CZK
Compliance Examiner Insurance 677,100 CZK
Compliance Officer Insurance 581,300 CZK
Compliance Reviewer Insurance 706,200 CZK
Consultant Insurance 712,100 CZK
Eligibility Interviewer Insurance 810,500 CZK
Eligibility Specialist Insurance 746,600 CZK
Insurance Account Manager Insurance 908,200 CZK
Insurance Accounts Executive Insurance 810,200 CZK
Insurance Adjuster Insurance 677,100 CZK
Insurance Agent Insurance 448,500 CZK
Insurance Analyst Insurance 699,700 CZK
Insurance Appraiser Insurance 759,300 CZK
Insurance Claims Clerk Insurance 271,300 CZK
Insurance Examiner Insurance 638,700 CZK
Insurance Investigator Insurance 695,200 CZK
Insurance Manager Insurance 1,235,600 CZK
Insurance Operations Manager Insurance 1,224,800 CZK
Insurance Policy Processing Clerk Insurance 263,200 CZK
Insurance Pricing Assistant Insurance 578,500 CZK
Insurance Program Manager Insurance 903,500 CZK
Insurance Project Manager Insurance 907,100 CZK
Insurance Quality Assurance Agent Insurance 597,800 CZK
Insurance Sales Agent Insurance 445,100 CZK
Insurance Sales Manager Insurance 899,900 CZK
Insurance Sales Representative Insurance 371,100 CZK
Insurance Team Leader Insurance 778,500 CZK
Insurance Underwriter Insurance 559,000 CZK
Loss Control Specialist Insurance 725,700 CZK
Loss Prevention Investigator Insurance 751,100 CZK
Loss Prevention Manager Insurance 1,004,500 CZK
Loss Prevention Specialist Insurance 780,700 CZK
Marine Underwriter Insurance 524,400 CZK
Medical Auditor Insurance 725,700 CZK
Monitoring and Performance Officer Insurance 500,100 CZK
Payment Services Specialist Insurance 724,300 CZK
Policy Change Director Insurance 1,181,200 CZK
Policy Change Supervisor Insurance 780,600 CZK
Policy Change Technician Insurance 335,100 CZK
Risk Analyst Insurance 782,500 CZK
Risk Management Director Insurance 1,440,700 CZK
Risk Management Supervisor Insurance 889,400 CZK
Risk Manager Insurance 1,405,700 CZK
Risk Modeling Manager Insurance 1,345,400 CZK
Title Insurance Typist Insurance 645,800 CZK
Training Manager Insurance 774,200 CZK

Salary Comparison by City

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

City Average Salary
Prague 1,333,900 CZK

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