What does an Automotive
Finance and Insurance
Job Pay?

Automotive finance and insurance job -
Earlier in my career I was an automotive finance and insurance consultant with one of the leading firms in the automotive industry. My specialty was turning a dealership’s poor performing finance and insurance department into a top performer in a matter of weeks.

When I was a general manager of automobile dealerships I knew a huge piece of my profit pie came from my finance and insurance department. Because this department is such and important part of a dealership’s overall profitability dealers are willing to pay top dollar for a top performer.

Let’s take a look what an automotive finance and insurance job pays at the different levels of management. This would be approximate for large dealerships in metropolitan areas like Phoenix AZ for either import or domestic franchises.

Annual Compensation Ranges for Finance & Insurance Managers

Finance Manager:

Approximate ranges:
Rookie……………$60,000 to $90,000+
Experienced………$100,000 to $140,000+
A Pro……………...$150,000 to $200,000+

Assistant Finance Director & Secondary Finance Director:

Approximate range…$120,000 to $170,000+

Finance Director:

Approximate range…$180,000 to $250,000+

These are a very elite group of highly paid individuals. Let’s compare their pay to some of the best jobs in America’s pay.

CNNMoney.com has an article titled “Best Jobs in America.” They identified and ranked the top 50 jobs and their average pay (salary and bonus). Here is a representative sample of 10 of the 50 jobs they listed with their average annual pay.

• College Professor …..$81,491
• Physician assistant ….$75,117
• Psychologist ………...$66,359
• Engineer……………..$76,100
• Optometrist………….$93,670
• Urban planner……….$60,891
• Lawyer……………..$153,923
• Dentist……………...$122,883
• Registered nurse…..$68,872
• Veterinarian……….$79,923

As you can see more than half of those “Best Jobs in America” only pay in the rookie automotive finance and insurance job range for markets like Phoenix AZ.

If this sounds like the kind of income and position you would enjoy check out finance manager scholarship program.

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