Average Insurance Sales Director Salary in Mexico for 2024

In this article, we will look at the average Insurance Sales Director salary for 2024 in Mexico 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 Mexican peso. To keep things simple, we are using the MXN currency code instead of the currency symbol $.

How Much Does an Insurance Sales Director Make in Mexico?

An Insurance Sales Director working in Mexico will typically earn around 639,100 MXN per year, and this can range from the lowest average salary of about 325,900 MXN to the highest average salary of 985,700 MXN.

Average Annual Salary
639,100 MXN
Average Monthly Salary
53,258 MXN

Lowest Annual Salary
325,900 MXN
Lowest Monthly Salary
27,158 MXN

Highest Annual Salary
985,700 MXN
Highest Monthly Salary
82,141 MXN

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

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

Salary ranges

We already know that an Insurance Sales Director can earn between 325,900 MXN and 985,700 MXN on average in Mexico. 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 Mexico is 626,800 MXN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 626,800 MXN, and 50% of the population earn more than 626,800 MXN.

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 Mexico, 25% of the population are earning less than 426,700 MXN while 75% of the population earn more than 426,700 MXN.

75% of the population earn less than 786,600 MXN, and 25% of the population earn more than 786,600 MXN.

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 Mexico

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 Mexico that has less than two years of experience can expect to earn somewhere in the region of 363,000 MXN.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Director salary would increase to 476,600 MXN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Director, the average salary would be 669,100 MXN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 802,400 MXN.
  • 15 - 20 Years Experience. An Insurance Sales Director with 15 to 20 years of experience can earn an average of 874,300 MXN.
  • 20+ Years Experience. For an Insurance Sales Director with more than 20 years, the expected average salary increases to 939,600 MXN.

Average Salary by Experience Chart

0-2 Years
363,000 MXN
2-5 Years +31%
476,600 MXN
5-10 Years +40%
669,100 MXN
10-15 Years +20%
802,400 MXN
15-20 Years +9%
874,300 MXN
20+ Years +8%
939,600 MXN

Insurance Sales Director Salary by Education Level in Mexico

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 Mexico 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 Mexico with a bachelor's degree education can earn an average salary of 450,300 MXN.

  • Master's Degree. An Insurance Sales Director in Mexico with a master's degree education can earn an average salary of 800,500 MXN.

Average Salary by Education Chart

Bachelor's Degree
450,300 MXN
Master's Degree +77%
800,500 MXN

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 Mexico is around 166,000 to 498,000 MXN 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 Mexico, a male insurance sales director will earn an average of 683,400 MXN, while a female insurance sales director will earn around 597,800 MXN.

This means that a male insurance sales director earns approximately 14% more than a female insurance sales director for performing the same job.

Average Salary by Gender Chart in Mexico

Male
683,400 MXN
Female -14%
597,800 MXN

Insurance Sales Director Average Pay Raise in Mexico

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 Mexico is around 12% every 19 months.

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

Annual Pay Raise by Industry in Mexico for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Insurance Sales Director Bonus and Incentive Rates in Mexico

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 80% of employees reporting at least one bonus in the last 12 months.

20% 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
80%
No Bonus
20%

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 Mexico earn approximately 8% more than private sector employees in the same role.

Public Sector
415,900 MXN
Private Sector -8%
384,200 MXN

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 Mexico.

Job Title Category Salary
Actuarial Analyst Insurance 555,800 MXN
Actuarial Assistant Insurance 367,200 MXN
Actuarial Specialist Insurance 386,400 MXN
Actuary Insurance 535,900 MXN
Adjustment Insurance Clerk Insurance 150,000 MXN
Assistant Broker Insurance 243,000 MXN
Assistant Claims Manager Insurance 424,300 MXN
Associate Insurance Representative Insurance 209,500 MXN
Auditing Insurance Manager Insurance 618,800 MXN
Broker Insurance 420,100 MXN
Claim Advocacy Professional Insurance 406,300 MXN
Claims Adjuster Insurance 146,200 MXN
Claims Analyst Insurance 209,500 MXN
Claims Examiner Insurance 221,500 MXN
Claims Manager Insurance 562,200 MXN
Claims Processor Insurance 152,300 MXN
Claims Representative Insurance 187,500 MXN
Claims Resolution Specialist Insurance 450,300 MXN
Claims Supervisor Insurance 384,500 MXN
Complaints Specialist Insurance 378,300 MXN
Compliance Examiner Insurance 383,300 MXN
Compliance Officer Insurance 312,400 MXN
Compliance Reviewer Insurance 390,000 MXN
Consultant Insurance 399,900 MXN
Eligibility Interviewer Insurance 426,700 MXN
Eligibility Specialist Insurance 404,600 MXN
Insurance Account Manager Insurance 478,000 MXN
Insurance Accounts Executive Insurance 442,300 MXN
Insurance Adjuster Insurance 367,200 MXN
Insurance Agent Insurance 249,600 MXN
Insurance Analyst Insurance 412,000 MXN
Insurance Appraiser Insurance 389,200 MXN
Insurance Claims Clerk Insurance 151,800 MXN
Insurance Examiner Insurance 382,600 MXN
Insurance Investigator Insurance 371,100 MXN
Insurance Manager Insurance 684,900 MXN
Insurance Operations Manager Insurance 698,200 MXN
Insurance Policy Processing Clerk Insurance 152,000 MXN
Insurance Pricing Assistant Insurance 315,900 MXN
Insurance Program Manager Insurance 514,800 MXN
Insurance Project Manager Insurance 510,200 MXN
Insurance Quality Assurance Agent Insurance 341,900 MXN
Insurance Sales Agent Insurance 228,000 MXN
Insurance Sales Manager Insurance 539,700 MXN
Insurance Sales Representative Insurance 208,600 MXN
Insurance Team Leader Insurance 436,200 MXN
Insurance Underwriter Insurance 301,800 MXN
Loss Control Specialist Insurance 378,800 MXN
Loss Prevention Investigator Insurance 424,900 MXN
Loss Prevention Manager Insurance 558,300 MXN
Loss Prevention Specialist Insurance 424,900 MXN
Marine Underwriter Insurance 290,800 MXN
Medical Auditor Insurance 403,100 MXN
Monitoring and Performance Officer Insurance 292,000 MXN
Payment Services Specialist Insurance 409,000 MXN
Policy Change Director Insurance 618,800 MXN
Policy Change Supervisor Insurance 442,300 MXN
Policy Change Technician Insurance 187,300 MXN
Risk Analyst Insurance 466,900 MXN
Risk Management Director Insurance 759,300 MXN
Risk Management Supervisor Insurance 510,200 MXN
Risk Manager Insurance 713,900 MXN
Risk Modeling Manager Insurance 744,700 MXN
Title Insurance Typist Insurance 327,300 MXN
Training Manager Insurance 424,900 MXN

Salary Comparison by City

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

City Average Salary
Acapulco 836,800 MXN
Acuna 639,900 MXN
Aguascalientes 816,000 MXN
Boca del Rio 553,800 MXN
Buenavista 641,900 MXN
Campeche 639,100 MXN
Cancun 807,900 MXN
Celaya 683,400 MXN
Chalco 558,300 MXN
Chetumal 552,400 MXN
Chicoloapan 566,900 MXN
Chihuahua 823,900 MXN
Chilpancingo 625,000 MXN
Chimalhuacan 768,900 MXN
Cholula de Rivadabia 596,800 MXN
Ciudad Apodaca 751,700 MXN
Ciudad del Carmen 595,300 MXN
Ciudad Juarez 582,700 MXN
Ciudad Lopez Mateos 751,100 MXN
Ciudad Obregon 695,200 MXN
Ciudad Santa Catarina 664,500 MXN
Ciudad Valles 533,100 MXN
Ciudad Victoria 714,300 MXN
Coacalco 664,500 MXN
Coatzacoalcos 614,600 MXN
Colima 539,800 MXN
Cordoba 566,900 MXN
Cuautitlan Izcalli 733,300 MXN
Cuautla 562,200 MXN
Cuernavaca 732,400 MXN
Culiacan 799,300 MXN
Delicias 529,600 MXN
Durango 778,200 MXN
Ecatepec de Morelos 832,100 MXN
Ensenada 696,700 MXN
Fresnillo 551,200 MXN
General Escobedo 751,100 MXN
Gomez Palacio 650,800 MXN
Guadalajara 877,300 MXN
Guadalupe 808,000 MXN
Guaymas 524,400 MXN
Hermosillo 829,000 MXN
Hidalgo del Parral 498,500 MXN
Iguala 510,200 MXN
Irapuato 741,500 MXN
Ixtapaluca 704,300 MXN
Jiutepec 603,400 MXN
La Paz 620,300 MXN
Leon 878,900 MXN
Los Mochis 656,800 MXN
Los Reyes la Paz 675,100 MXN
Manzanillo 543,200 MXN
Matamoros 772,900 MXN
Mazatlan 718,000 MXN
Merida 778,500 MXN
Metepec 614,600 MXN
Mexicali 774,200 MXN
Mexico City 862,200 MXN
Minatitlan 529,600 MXN
Monclova 607,400 MXN
Monterrey 818,100 MXN
Morelia 783,800 MXN
Naucalpan 846,500 MXN
Navojoa 485,300 MXN
Nezahualcoyotl 832,000 MXN
Nogales 625,000 MXN
Nuevo Laredo 759,300 MXN
Oaxaca 687,100 MXN
Ojo de Agua 675,100 MXN
Orizaba 533,100 MXN
Pachuca 629,800 MXN
Piedras Negras 589,400 MXN
Playa del Carmen 582,700 MXN
Poza Rica 595,300 MXN
Puebla 844,600 MXN
Puerto Vallarta 641,900 MXN
Queretaro 810,200 MXN
Reynosa 803,400 MXN
Salamanca 589,400 MXN
Saltillo 800,500 MXN
San Cristobal de las Casas 585,900 MXN
San Juan del Rio 524,700 MXN
San Luis Potosi 783,800 MXN
San Luis Rio Colorado 580,600 MXN
San Nicolas de los Garza 767,400 MXN
San Pablo de las Salinas 588,500 MXN
San Pedro Garza Garcia 518,900 MXN
Soledad de Graciano Sanchez 677,100 MXN
Tampico 707,600 MXN
Tapachula 643,400 MXN
Tehuacan 645,800 MXN
Tepic 695,200 MXN
Tijuana 807,900 MXN
Tlalnepantla de Baz 819,000 MXN
Tlaquepaque 737,000 MXN
Toluca 718,000 MXN
Tonala 748,600 MXN
Torreon 772,900 MXN
Tuxtla Gutierrez 768,900 MXN
Uruapan 684,900 MXN
Veracruz 721,600 MXN
Villa Nicolas Romero 681,500 MXN
Villahermosa 698,200 MXN
Xalapa 712,100 MXN
Xico 710,500 MXN
Zacatecas 553,800 MXN
Zamora de Hidalgo 573,500 MXN
Zapopan 808,000 MXN

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