Average Insurance Sales Representative Salary in Swaziland for 2024

In this article, we will look at the average Insurance Sales Representative salary for 2024 in Swaziland 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 Swazi lilangeni. To keep things simple, we are using the SZL currency code instead of the currency symbol L.

How Much Does an Insurance Sales Representative Make in Swaziland?

An Insurance Sales Representative working in Swaziland will typically earn around 27,560 SZL per year, and this can range from the lowest average salary of about 11,880 SZL to the highest average salary of 46,160 SZL.

Average Annual Salary
27,560 SZL
Average Monthly Salary
2,296 SZL

Lowest Annual Salary
11,880 SZL
Lowest Monthly Salary
990 SZL

Highest Annual Salary
46,160 SZL
Highest Monthly Salary
3,846 SZL

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

Insurance Sales Representative 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 Representative Salaries in Swaziland

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

Salary ranges

We already know that an Insurance Sales Representative can earn between 11,880 SZL and 46,160 SZL on average in Swaziland. 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 Representative in Swaziland is 31,940 SZL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 31,940 SZL, and 50% of the population earn more than 31,940 SZL.

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 Representative salary in Swaziland, 25% of the population are earning less than 21,540 SZL while 75% of the population earn more than 21,540 SZL.

75% of the population earn less than 38,780 SZL, and 25% of the population earn more than 38,780 SZL.

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 Representative Salary by Experience Level in Swaziland

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 representative 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 Representative in Swaziland that has less than two years of experience can expect to earn somewhere in the region of 14,140 SZL.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Representative salary would increase to 23,520 SZL.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Representative, the average salary would be 29,160 SZL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 36,700 SZL.
  • 15 - 20 Years Experience. An Insurance Sales Representative with 15 to 20 years of experience can earn an average of 38,340 SZL.
  • 20+ Years Experience. For an Insurance Sales Representative with more than 20 years, the expected average salary increases to 44,140 SZL.

Average Salary by Experience Chart

0-2 Years
14,140 SZL
2-5 Years +38%
23,520 SZL
5-10 Years +42%
29,160 SZL
10-15 Years +22%
36,700 SZL
15-20 Years +6%
38,340 SZL
20+ Years +9%
44,140 SZL

Insurance Sales Representative Salary by Education Level in Swaziland

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 Representative in Swaziland based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Insurance Sales Representative in Swaziland with a certificate or diploma education can earn an average salary of 17,740 SZL.

  • Bachelor's Degree. An Insurance Sales Representative in Swaziland with a bachelor's degree education can earn an average salary of 28,680 SZL.

  • Master's Degree. An Insurance Sales Representative in Swaziland with a master's degree education can earn an average salary of 42,320 SZL.

Average Salary by Education Chart

Certificate or Diploma
17,740 SZL
Bachelor's Degree +58%
28,680 SZL
Master's Degree +39%
42,320 SZL

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 Swaziland is around 22,500 to 67,600 SZL 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 Representative 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 Swaziland, a male insurance sales representative will earn an average of 31,340 SZL, while a female insurance sales representative will earn around 26,660 SZL.

This means that a male insurance sales representative earns approximately 18% more than a female insurance sales representative for performing the same job.

Average Salary by Gender Chart in Swaziland

Male
31,340 SZL
Female -18%
26,660 SZL

Insurance Sales Representative Average Pay Raise in Swaziland

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 Representative in Swaziland is around 7% every 28 months.

The national average pay raise across all professions and industries in Swaziland is around 5% every 28 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that an Insurance Sales Representative in Swaziland can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Swaziland for 2024

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

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 Representative Bonus and Incentive Rates in Swaziland

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 Representative is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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
64%
No Bonus
36%

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 Swaziland earn approximately 9% more than private sector employees in the same role.

Public Sector
55,580 SZL
Private Sector -9%
50,980 SZL

Salaries for Jobs Similar to an Insurance Sales Representative

In the table below, we have salary information for jobs that are similar to an Insurance Sales Representative in Swaziland.

Job Title Category Salary
Actuarial Analyst Insurance 80,180 SZL
Actuarial Assistant Insurance 54,280 SZL
Actuarial Specialist Insurance 52,180 SZL
Actuary Insurance 73,980 SZL
Adjustment Insurance Clerk Insurance 20,000 SZL
Assistant Broker Insurance 35,000 SZL
Assistant Claims Manager Insurance 57,820 SZL
Associate Insurance Representative Insurance 27,020 SZL
Auditing Insurance Manager Insurance 88,240 SZL
Broker Insurance 58,240 SZL
Claim Advocacy Professional Insurance 56,140 SZL
Claims Adjuster Insurance 20,460 SZL
Claims Analyst Insurance 26,280 SZL
Claims Examiner Insurance 28,720 SZL
Claims Manager Insurance 78,500 SZL
Claims Processor Insurance 21,020 SZL
Claims Representative Insurance 25,940 SZL
Claims Resolution Specialist Insurance 61,400 SZL
Claims Supervisor Insurance 56,100 SZL
Complaints Specialist Insurance 50,180 SZL
Compliance Examiner Insurance 50,660 SZL
Compliance Officer Insurance 44,140 SZL
Compliance Reviewer Insurance 50,520 SZL
Consultant Insurance 55,220 SZL
Eligibility Interviewer Insurance 57,360 SZL
Eligibility Specialist Insurance 58,200 SZL
Insurance Account Manager Insurance 69,240 SZL
Insurance Accounts Executive Insurance 64,720 SZL
Insurance Adjuster Insurance 51,400 SZL
Insurance Agent Insurance 34,240 SZL
Insurance Analyst Insurance 56,140 SZL
Insurance Appraiser Insurance 57,440 SZL
Insurance Claims Clerk Insurance 20,520 SZL
Insurance Examiner Insurance 50,080 SZL
Insurance Investigator Insurance 50,660 SZL
Insurance Manager Insurance 96,960 SZL
Insurance Operations Manager Insurance 91,520 SZL
Insurance Policy Processing Clerk Insurance 21,100 SZL
Insurance Pricing Assistant Insurance 47,180 SZL
Insurance Program Manager Insurance 75,040 SZL
Insurance Project Manager Insurance 68,400 SZL
Insurance Quality Assurance Agent Insurance 45,580 SZL
Insurance Sales Agent Insurance 32,900 SZL
Insurance Sales Director Insurance 96,500 SZL
Insurance Sales Manager Insurance 72,420 SZL
Insurance Team Leader Insurance 56,460 SZL
Insurance Underwriter Insurance 40,040 SZL
Loss Control Specialist Insurance 58,200 SZL
Loss Prevention Investigator Insurance 60,920 SZL
Loss Prevention Manager Insurance 77,340 SZL
Loss Prevention Specialist Insurance 57,320 SZL
Marine Underwriter Insurance 42,400 SZL
Medical Auditor Insurance 57,320 SZL
Monitoring and Performance Officer Insurance 36,020 SZL
Payment Services Specialist Insurance 57,440 SZL
Policy Change Director Insurance 87,640 SZL
Policy Change Supervisor Insurance 61,840 SZL
Policy Change Technician Insurance 28,660 SZL
Risk Analyst Insurance 66,940 SZL
Risk Management Director Insurance 104,500 SZL
Risk Management Supervisor Insurance 67,360 SZL
Risk Manager Insurance 103,200 SZL
Risk Modeling Manager Insurance 104,040 SZL
Title Insurance Typist Insurance 46,980 SZL
Training Manager Insurance 61,580 SZL

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