According to a report by the CPCU® Society surveying 174 CPCU® designation holders, 91% of all survey respondents stated that completing the CPCU® designation has provided them with increased job opportunities. Out of these 174 respondents, 75% also reported that the CPCU® designation has led to a salary increase, with about half of their salaries increasing by as much as 15%.
According a study by payscale.com, the median CPCU® salary for insurance company employees is $74,338. The median CPCU® salary broken down by job type is as follows
- Insurance underwriter – $65,486
- Senior underwriter – $80,809
- Insurance broker – $74,798
- Insurance underwriter commercial property – $64,901
- Claims manager – $89,062
- Risk manager – $94,875
AssociatePI is not affiliated with The Institutes or the CPCU® Society. This resource is intended for informational purposes only, to inform students about salary and satisfaction of the CPCU®. This information is not the choice, nor does it involve the input, of AssociatePI. This information is sourced from industry publications detailing the salary of a CPCU®.
According to the same payscale.com report listed above, 169 out of the 169 survey respondents rated the CPCU® a 5 out of 5 in terms of satisfaction.
The CPCU® designation is a tough designation to complete but the benefits are undeniable including increased salary, improved employment marketability, improved long term employment opportunities, and improved job performance.
There is no better time to start than right now, if you need more convincing, see our blog about why you should start studying for your CPCU® designation right now. Go ahead and get studying! If you have any questions please don’t hesitate to shoot us an email at firstname.lastname@example.org.
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For more information about the CPCU® designation checkout some of our other free resources:
- CPCU® Designation Overview
- CPCU® Designation Salary
- CPCU® Cost
- CPCU® Exam Pass Rates
- CPCU® Cost Reducing Tips
CPCU® exams are administered by the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI does not administer the actual exams, we are an independent resource of free content, advice, and study material for professional insurance education. This blog is intended for informational purposes only, to inform prospective students of the benefit of the CPCU® designation.
CPCU® and API™ are trademarks of the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI LLC is not affiliated with, associated with, endorsed by or otherwise supported or recognized by The Institutes in any way. AssociatePI LLC is not authorized by The Institutes to offer courses, practice examinations, or any other resources related to the Institutes’ designations or other programs.