Average Insurance Sales Director Salary in Egypt for 2024

In this article, we will look at the average Insurance Sales Director salary for 2024 in Egypt 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 Egyptian pound. To keep things simple, we are using the EGP currency code instead of the currency symbol £.

How Much Does an Insurance Sales Director Make in Egypt?

An Insurance Sales Director working in Egypt will typically earn around 181,600 EGP per year, and this can range from the lowest average salary of about 98,820 EGP to the highest average salary of 275,200 EGP.

Average Annual Salary
181,600 EGP
Average Monthly Salary
15,133 EGP

Lowest Annual Salary
98,820 EGP
Lowest Monthly Salary
8,235 EGP

Highest Annual Salary
275,200 EGP
Highest Monthly Salary
22,933 EGP

These are average salaries for an Insurance Sales Director in Egypt 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 Egypt

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

Salary ranges

We already know that an Insurance Sales Director can earn between 98,820 EGP and 275,200 EGP on average in Egypt. 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 Egypt is 168,100 EGP. 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 EGP, and 50% of the population earn more than 168,100 EGP.

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 Egypt, 25% of the population are earning less than 117,860 EGP while 75% of the population earn more than 117,860 EGP.

75% of the population earn less than 204,700 EGP, and 25% of the population earn more than 204,700 EGP.

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 Egypt

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 Egypt that has less than two years of experience can expect to earn somewhere in the region of 115,560 EGP.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Director salary would increase to 142,300 EGP.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Director, the average salary would be 190,500 EGP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 221,500 EGP.
  • 15 - 20 Years Experience. An Insurance Sales Director with 15 to 20 years of experience can earn an average of 246,500 EGP.
  • 20+ Years Experience. For an Insurance Sales Director with more than 20 years, the expected average salary increases to 263,100 EGP.

Average Salary by Experience Chart

0-2 Years
115,560 EGP
2-5 Years +26%
142,300 EGP
5-10 Years +32%
190,500 EGP
10-15 Years +18%
221,500 EGP
15-20 Years +11%
246,500 EGP
20+ Years +6%
263,100 EGP

Insurance Sales Director Salary by Education Level in Egypt

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 Egypt 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 Egypt with a bachelor's degree education can earn an average salary of 148,300 EGP.

  • Master's Degree. An Insurance Sales Director in Egypt with a master's degree education can earn an average salary of 225,700 EGP.

Average Salary by Education Chart

Bachelor's Degree
148,300 EGP
Master's Degree +53%
225,700 EGP

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 Egypt is around 46,000 to 138,000 EGP 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 Egypt, a male insurance sales director will earn an average of 189,300 EGP, while a female insurance sales director will earn around 172,200 EGP.

This means that a male insurance sales director earns approximately 10% more than a female insurance sales director for performing the same job.

Average Salary by Gender Chart in Egypt

Male
189,300 EGP
Female -10%
172,200 EGP

Insurance Sales Director Average Pay Raise in Egypt

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 Egypt is around 13% every 18 months.

The national average pay raise across all professions and industries in Egypt is around 9% every 17 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 = ( 13 ÷ 18 ) × 12  = 9%

What this means is that an Insurance Sales Director in Egypt can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Egypt for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Insurance Sales Director Bonus and Incentive Rates in Egypt

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 77% of employees reporting at least one bonus in the last 12 months.

23% 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 7%.

Received Bonus
77%
No Bonus
23%

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

Public Sector
114,380 EGP
Private Sector -7%
106,600 EGP

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 Egypt.

Job Title Category Salary
Actuarial Analyst Insurance 138,200 EGP
Actuarial Assistant Insurance 104,900 EGP
Actuarial Specialist Insurance 102,720 EGP
Actuary Insurance 142,300 EGP
Adjustment Insurance Clerk Insurance 41,980 EGP
Assistant Broker Insurance 69,720 EGP
Assistant Claims Manager Insurance 115,260 EGP
Associate Insurance Representative Insurance 57,900 EGP
Auditing Insurance Manager Insurance 154,700 EGP
Broker Insurance 109,740 EGP
Claim Advocacy Professional Insurance 106,760 EGP
Claims Adjuster Insurance 41,180 EGP
Claims Analyst Insurance 54,280 EGP
Claims Examiner Insurance 58,280 EGP
Claims Manager Insurance 157,600 EGP
Claims Processor Insurance 37,880 EGP
Claims Representative Insurance 50,240 EGP
Claims Resolution Specialist Insurance 123,400 EGP
Claims Supervisor Insurance 113,780 EGP
Complaints Specialist Insurance 98,120 EGP
Compliance Examiner Insurance 101,920 EGP
Compliance Officer Insurance 84,560 EGP
Compliance Reviewer Insurance 103,580 EGP
Consultant Insurance 105,300 EGP
Eligibility Interviewer Insurance 119,900 EGP
Eligibility Specialist Insurance 111,460 EGP
Insurance Account Manager Insurance 138,200 EGP
Insurance Accounts Executive Insurance 118,520 EGP
Insurance Adjuster Insurance 102,380 EGP
Insurance Agent Insurance 61,580 EGP
Insurance Analyst Insurance 102,160 EGP
Insurance Appraiser Insurance 106,960 EGP
Insurance Claims Clerk Insurance 36,720 EGP
Insurance Examiner Insurance 102,380 EGP
Insurance Investigator Insurance 101,920 EGP
Insurance Manager Insurance 185,100 EGP
Insurance Operations Manager Insurance 189,300 EGP
Insurance Policy Processing Clerk Insurance 42,040 EGP
Insurance Pricing Assistant Insurance 88,620 EGP
Insurance Program Manager Insurance 143,200 EGP
Insurance Project Manager Insurance 136,100 EGP
Insurance Quality Assurance Agent Insurance 96,220 EGP
Insurance Sales Agent Insurance 65,760 EGP
Insurance Sales Manager Insurance 143,200 EGP
Insurance Sales Representative Insurance 56,060 EGP
Insurance Team Leader Insurance 113,280 EGP
Insurance Underwriter Insurance 78,940 EGP
Loss Control Specialist Insurance 106,440 EGP
Loss Prevention Investigator Insurance 110,340 EGP
Loss Prevention Manager Insurance 152,100 EGP
Loss Prevention Specialist Insurance 119,320 EGP
Marine Underwriter Insurance 82,520 EGP
Medical Auditor Insurance 107,860 EGP
Monitoring and Performance Officer Insurance 71,280 EGP
Payment Services Specialist Insurance 106,960 EGP
Policy Change Director Insurance 174,000 EGP
Policy Change Supervisor Insurance 117,660 EGP
Policy Change Technician Insurance 49,200 EGP
Risk Analyst Insurance 119,860 EGP
Risk Management Director Insurance 200,000 EGP
Risk Management Supervisor Insurance 139,100 EGP
Risk Manager Insurance 197,600 EGP
Risk Modeling Manager Insurance 209,500 EGP
Title Insurance Typist Insurance 91,580 EGP
Training Manager Insurance 125,100 EGP

Salary Comparison by City

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

City Average Salary
Alexandria 175,900 EGP
Cairo 197,600 EGP
Sharm el-Sheikh 163,800 EGP

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  • "Average Insurance Sales Director Salary in Egypt for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-insurance-sales-director-salary-in-egypt/.

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