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re: Misunderstood careers: who knew?!

Posted on 2/26/21 at 2:47 pm to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 2/26/21 at 2:47 pm to
quote:

President and CEO salary averages ranged from $79,033 in agencies with less than $1 million in P/C premium volume to $519,643 for agencies with more than $100 million in premium volume.


From the 2007 insurance journal owners survey. I then extrapolated the average increase in agency owners, principals and management at 6% (which is too generous) of the last 14 years based on their yearly increase in pay survey.

That, along with personal knowledge of my network, and knowing how many American make that amount of money I can confidently state you are a liar
This post was edited on 2/26/21 at 2:51 pm
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8777 posts
Posted on 2/26/21 at 2:56 pm to
That bullshite copy pasta has nothing to do with what I asked. Where are you getting that less then 1 percent of agency’s have 500k in revenue?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 2/26/21 at 3:02 pm to
quote:

That bullshite copy pasta has nothing to do with what I asked. Where are you getting that less then 1 percent of agency’s have 500k in revenue?


Department of Labor wage data by occupation.
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8777 posts
Posted on 2/26/21 at 3:03 pm to
Link it
Posted by oleyeller
Vols, Bitch
Member since Oct 2012
32021 posts
Posted on 2/26/21 at 3:06 pm to
quote:

Yeah....for $40k


I dont know where you are. But im in south ms, work at a school district (non teacher... IT) our teachers make 60-75k a year in the district. Not a single one makes 40k
Posted by BrewDrees95
Member since Jan 2021
230 posts
Posted on 2/26/21 at 3:07 pm to
LMAOOOOOOOO
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 2/26/21 at 3:08 pm to
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8777 posts
Posted on 2/26/21 at 3:15 pm to
Nowhere in that link does it say anything about revenues.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260366 posts
Posted on 2/26/21 at 3:17 pm to
quote:

Department of Labor wage data by occupation.



I am an analyst for the DOL. No one used DOL avg wage calculations to get a gauge on upper limits of wages. But of course, ypu would.

The catagories are far too broad to ve accurate.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 2/26/21 at 3:18 pm to
quote:

Nowhere in that link does it say anything about revenues.


Only 10% make at least 125k and as wages go up amount of earners goes down non linearly. 1% may be generous.

What's your number since you obviously "know" it
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8777 posts
Posted on 2/26/21 at 3:18 pm to
Mingo would argue with a brick wall.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 2/26/21 at 3:19 pm to
quote:

I am an analyst for the DOL.


You work at a fricking port you drunk
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8777 posts
Posted on 2/26/21 at 3:19 pm to
Show me where 1% have 500k in revenue
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 2/26/21 at 3:20 pm to
quote:

Mingo would argue with a brick wall.


I only point out when people are so obviously making shite up. You've provided not one shred of empirical evidence to back up your claim. There's a shite load, both numerical and intuitive, that you're wrong.
Posted by CMBears1259
Baton Rouge
Member since Sep 2005
4023 posts
Posted on 2/26/21 at 3:21 pm to
quote:

Bud, I'm an insurance agent... Every single one I know is making that or more here in Florida. Stick to shite you know about.


What kind of insurance? I was with a large commercial agency until early December. Looking to get back in after a falling out with new management.

Typically, you have to land (and keep) some big accounts or build up your book over more than the first few years of being in the business to make 6 figures.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 2/26/21 at 3:21 pm to
quote:

Show me where 1% have 500k in revenue


I'm not sure I can because I'm not sure its that high. Using all available data, it's certainly not over that.

You allegedly have the exact data to prove me wrong. Why not post it and end the conversation? I'm happy to look at it.
This post was edited on 2/26/21 at 3:23 pm
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8777 posts
Posted on 2/26/21 at 3:22 pm to
Last year was my first full calendar year. My gross revenue was 353k. This year, my second year, I’m on track for 500k in revenue and my March bonus is 63,500. Why would I make that up? My peer group is super successful and I’m one of the top agents in the company. I guess you win?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260366 posts
Posted on 2/26/21 at 3:22 pm to
quote:

You work at a fricking port you drunk


I have managed the terminal in two years, you pedophile.

Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
22729 posts
Posted on 2/26/21 at 3:24 pm to
How long until Mingo gets banned again?
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8777 posts
Posted on 2/26/21 at 3:24 pm to
Like a good neighbor. They are more generous with assignments then in prior years. New agents start with a minimum of 1.8 mil book size if assignment. The new market opportunity is great but not for everyone.

Happy to chat if you want to know more.
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