Insurance Accounts Executive Average Salary in Amman 2024
How much money does a person working as Insurance Accounts Executive make in Amman?
LOW
930
JOD AVERAGE
1,890
JOD HIGH
2,960
JOD
A person working as Insurance Accounts Executive in Amman typically earns around 1,890 JOD. Salaries range from 930 JOD (lowest) to 2,960 JOD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurance Accounts Executive salaries in Amman vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Insurance Accounts Executive Pay Scale and Salaries in Amman
Salary Structure and Pay Scale Comparison
1,760 JOD or more
1,550 to 1,760 JOD
1,100 JOD or less
1,100 to 1,550 JOD
 930 JOD |
1,770 JOD |
2,960 JOD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Insurance Accounts Executive in Amman range from 930 JOD (starting salary) to 2,960 JOD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 1,770 JOD, half of the professionals who work as Insurance Accounts Executive in Amman earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Accounts Executive in Amman earn less than 1,450 JOD, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,020 JOD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Accounts Executive in Amman compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,100 JOD to 1,550 JOD. About 20% of salaries are below the 1,100 JOD mark, while 10% fall within the range of 1,550 JOD to 1,760 JOD. Only 5% of individuals have salaries exceeding 1,760 JOD.
Salary Comparison by Years of Experience / Insurance Accounts Executive / Amman
How do experience and age affect pay?
| 0 - 2 Years | 1,100 JOD | |
| 2 - 5 Years | +29% | 1,410 JOD |
| 5 - 10 Years | +38% | 1,950 JOD |
| 10 - 15 Years | +24% | 2,420 JOD |
| 15 - 20 Years | +7% | 2,590 JOD |
| 20+ Years | +7% | 2,760 JOD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Insurance Accounts Executive and this is what we found.
Employees with less than two years of experience earn approximately 1,100 JOD.
While someone with an experience level between two and five years is expected to earn 1,410 JOD, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,950 JOD, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,420 JOD, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 2,590 JOD, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 2,760 JOD, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Insurance Accounts Executive / Amman
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Insurance Accounts Executive.
| Bachelor's Degree | 1,370 JOD | |
| Master's Degree | +60% | 2,210 JOD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Insurance Accounts Executive in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 1,370 JOD.
Level 2: Master's Degree
At this level, the average salary becomes 2,210 JOD, 60% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Jordan costs anywhere from 8,090 JOD to 24,300 JOD and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Insurance Accounts Executive / Amman
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Insurance Accounts Executive in Jordan, the average difference between the salary of male and female employees is 12%.
| Male | 1,810 JOD | |
| Female | -10% | 1,620 JOD |
Salary Comparison By Gender in Jordan for all Careers
Average Annual Salary Increment Percentage / Insurance Accounts Executive / Amman
How much are annual salary increments in Amman for individuals working as Insurance Accounts Executive? How often do employees get salary raises?
Individuals working as Insurance Accounts Executive in Jordan are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Jordan / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Insurance Accounts Executive / Jordan
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Insurance Accounts Executive / Amman
11 JOD per hourThe average hourly wage (pay per hour) for individuals working as Insurance Accounts Executive in Amman is 11 JOD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Insurance Accounts Executive in Amman is 5 JOD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 2,410 JOD |  +27% |
| Actuarial Assistant | 1,740 JOD | -8% |
| Actuarial Specialist | 1,810 JOD | -4% |
| Actuary | 2,540 JOD | +34% |
| Adjustment Insurance Clerk | 650 JOD | -66% |
| Assistant Broker | 1,200 JOD | -37% |
| Assistant Claims Manager | 1,890 JOD | -0% |
| Associate Insurance Representative | 910 JOD | -52% |
| Auditing Insurance Manager | 2,680 JOD | +41% |
| Blockchain Insurance Auditor | 1,750 JOD | -8% |
| Broker | 1,860 JOD | -2% |
| Claim Advocacy Professional | 1,900 JOD | +0% |
| Claims Adjuster | 690 JOD | -64% |
| Claims Analyst | 990 JOD | -48% |
| Claims Examiner | 910 JOD | -52% |
| Claims Manager | 2,550 JOD | +35% |
| Claims Processor | 690 JOD | -64% |
| Claims Representative | 780 JOD | -59% |
| Claims Resolution Specialist | 1,890 JOD | -0% |
| Claims Supervisor | 1,880 JOD | -1% |
| Complaints Specialist | 1,740 JOD | -8% |
| Compliance Examiner | 1,790 JOD | -5% |
| Compliance Officer | 1,450 JOD | -23% |
| Compliance Reviewer | 1,630 JOD | -14% |
| Consultant | 1,880 JOD | -1% |
| Drone Claims Adjuster | 830 JOD | -56% |
| Eligibility Interviewer | 1,970 JOD | +4% |
| Eligibility Specialist | 1,760 JOD | -7% |
| Insurance Account Manager | 2,330 JOD | +23% |
| Insurance Accounts Executive | 1,890 JOD | -0% |
| Insurance Adjuster | 1,680 JOD | -11% |
| Insurance Agent | 1,070 JOD | -44% |
| Insurance Analyst | 1,770 JOD | -7% |
| Insurance Appraiser | 1,810 JOD | -4% |
| Insurance Claims Clerk | 690 JOD | -64% |
| Insurance Compliance Officer | 2,090 JOD | +10% |
| Insurance Data Scientist | 1,750 JOD | -8% |
| Insurance Examiner | 1,740 JOD | -8% |
| Insurance Fraud Investigator | 1,460 JOD | -23% |
| Insurance Investigator | 1,650 JOD | -13% |
| Insurance Manager | 3,140 JOD | +66% |
| Insurance Operations Manager | 3,000 JOD | +58% |
| Insurance Policy Processing Clerk | 670 JOD | -65% |
| Insurance Pricing Assistant | 1,420 JOD | -25% |
| Insurance Product Manager | 2,120 JOD | +12% |
| Insurance Program Manager | 2,360 JOD | +25% |
| Insurance Project Manager | 2,400 JOD | +27% |
| Insurance Quality Assurance Agent | 1,560 JOD | -18% |
| Insurance Sales Agent | 1,100 JOD | -42% |
| Insurance Sales Director | 3,030 JOD | +60% |
| Insurance Sales Manager | 2,470 JOD | +30% |
| Insurance Sales Representative | 990 JOD | -48% |
| Insurance Team Leader | 1,950 JOD | +3% |
| Insurance Underwriter | 1,410 JOD | -26% |
| Insurtech Analyst | 1,710 JOD | -10% |
| Loss Control Specialist | 1,790 JOD | -5% |
| Loss Prevention Investigator | 1,970 JOD | +4% |
| Loss Prevention Manager | 2,560 JOD | +35% |
| Loss Prevention Specialist | 1,920 JOD | +1% |
| Marine Underwriter | 1,410 JOD | -26% |
| Medical Auditor | 1,850 JOD | -2% |
| Monitoring and Performance Officer | 1,270 JOD | -33% |
| Parametric Insurance Specialist | 1,840 JOD | -3% |
| Payment Services Specialist | 1,900 JOD | +0% |
| Peer-to-Peer Insurance Manager | 2,170 JOD | +15% |
| Policy Change Director | 2,890 JOD | +53% |
| Policy Change Supervisor | 2,040 JOD | +8% |
| Policy Change Technician | 850 JOD | -55% |
| Risk Analyst | 2,060 JOD | +9% |
| Risk Management Director | 3,660 JOD | +93% |
| Risk Management Supervisor | 2,200 JOD | +16% |
| Risk Manager | 3,350 JOD | +77% |
| Risk Modeling Manager | 3,440 JOD | +82% |
| Social Media Risk Analyst | 1,930 JOD | +2% |
| Title Insurance Typist | 1,540 JOD | -19% |
| Training Manager | 2,090 JOD | +10% |
| Underwriting Assistant | 960 JOD | -49% |
Salary Comparison By City
| City | Average Salary |
| Amman | 1,890 JOD |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Jordan is 8% on average across all career fields.
| Private Sector | 1,550 JOD | |
| Public Sector | +8% | 1,670 JOD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurance Accounts Executive in Amman?
A good and competitive compensation would range anywhere between 1,770 JOD and 2,020 JOD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Insurance Accounts Executive in Amman ranges from 930 JOD to 1,450 JOD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
