NJ Civil Service Navigator
State Payroll

Department of Banking & Insurance

459 employees · NJ state government agency

Department of Banking & Insurance is a substantial state agency, employing 459 people statewide.

The most common title is Investigator 1 (14% of staff), followed by Investigator 2 and Supervisor Of Investigations. Median pay is $81,897, about 3% below the statewide median.

Median tenure is 8.2 years, shorter than the statewide median of 9.6 years. CWA represents the largest share of its unionized workforce (about 62%).

About Department of Banking & Insurance

The Department of Banking and Insurance licenses and regulates banks, credit unions, insurance companies and the people who sell their products, and it houses the New Jersey Real Estate Commission. Its job is solvency and market conduct oversight rather than direct service delivery.

The roster is examiners and investigators, almost end to end. Insurance examiners and financial examiners at graded levels review the companies, investigators at several levels handle licensing and fraud referrals, and insurance analysts work on rate filings. Real estate commission investigators are a distinct group inside the same department. Nearly every graded level of the examiner titles is held only here, which is what you would expect from a regulator whose work has no counterpart in another department.

Who works here

These are the titles that carry the most people on this payroll. Each one links to its civil service specification, which sets out the duties, the minimum requirements and the salary range.

82 further titles appear on this agency's payroll, 94 in all.

Titles you will not find elsewhere

19 of this agency's titles are concentrated here rather than shared across departments, and for 19 of them every single position in the state sits on this payroll.

Concentration is measured against the same payroll file, comparing this agency's headcount in a title with the statewide headcount in that title.

How pay is spread

Below are the quartile boundaries for this agency's salaries, with the statewide equivalents alongside them for reference.

The middle half of this agency's employees earn between $65,671 and $118,678, a ratio of 1.81 between the two quartiles. That is about the same spread as state government as a whole (1.80).

  • Lowest recorded salary$39,681
  • Lower quartile$65,671
    statewide $62,428
  • Median salary$81,897
    statewide $84,548
  • Upper quartile$118,678
    statewide $112,646
  • Highest recorded salary$184,000

Based on 443 salaried records, with 2 statistical outliers excluded from the quartile calculation.

Union representation

Which contract covers a job decides its salary schedule, its step ladder and its grievance route. This is the union mix on this payroll.

  • CWA283 employees
    61.7% of the agency
  • IFPTE101 employees
    22.0% of the agency
  • IBEW29 employees
    6.3% of the agency

Union coverage is identifiable for 90% of this agency's payroll records. The remainder are unclassified, exempt or managerial positions that sit outside a bargaining unit.

How long people stay

Tenure tells you something a salary table cannot: whether this is a place people arrive at or a place they stay.

Half of this agency's employees have been on the state payroll longer than 8.2 years, well short of the statewide median of 9.6. 35% joined within the last five years, and 26% have twenty years or more behind them.

  • Under 5 years156 employees
    34.9% of those with a hire date
  • 5 to 10 years106 employees
    23.7% of those with a hire date
  • 10 to 15 years53 employees
    11.9% of those with a hire date
  • 15 to 20 years18 employees
    4.0% of those with a hire date
  • 20 to 25 years46 employees
    10.3% of those with a hire date
  • 25 years or more68 employees
    15.2% of those with a hire date

Hire dates are present for 447 of this agency's 459 payroll records.

Overtime

2 employees here recorded overtime, 0.4% of the agency, against 29.6% across state government. Little overtime usually means salaried professional work with no shift to fill.

Together they were paid $11,993 in overtime, averaging $5,997 for each employee who earned any. Overtime is not part of the salary figures elsewhere on this page, which report base pay.

  • Employees with recorded overtime2
  • Share of the agency0.4%
  • Total overtime paid$11,993
  • Average per employee earning it$5,997

Civil service coverage

94% of this agency's payroll records carry a title that matches a published civil service specification. That is a high match rate, and it means the hiring routes described elsewhere on this site apply to most jobs here: an announced examination, an eligible list, and appointment from that list.

  • Records matched to a specification432
  • Records with no matching specification27
  • Distinct civil service titles on the roster94

Where it sits among state agencies

By headcount this is the 20th largest of the 39 payroll lines in New Jersey state government, holding 0.6% of the state workforce.

Its nearest neighbours by headcount, for readers who want a like-for-like comparison.