New Jersey / Banking and Insurance

Agency file

Banking and Insurance

Source file: New Jersey — YourMoney State Payroll / ingested Jun 18, 2026

The Banking and Insurance regulates industry and protects consumers — licensing, oversight, and enforcement of standards.

In 2024, this agency had 204 employees with median total compensation of $81,183; the highest distinct record was $171,467.

Year: 2024
Total payroll: $16.6M
Employees: 204
Median total: $81,183
Highest record: $171,467

What the records show

Compensation analytics

These summaries compare pay within the agency before listing individual records.

Salary distribution

$200$157,556+

Hover a bar for its range; click to filter the list below.

How 2024 total compensation is spread across the 204 employees. Each bar is a pay range; taller bars mean more people earn in that range. The amber line marks the median ($81,183) — half earn less, half more. The far-right bar collects the highest earners.

Average pay composition

Base — $80,169 (98%)
Overtime — $10 (0%)
Other — $1,383 (2%)
Benefits — $0 (0%)

What an average paycheck here is made of — base salary versus overtime, other pay (bonuses, allowances), and benefits. A large overtime or other-pay share means take-home often exceeds base salary.

Pay percentiles

10th

25th

Median

75th

90th

$44,743

$62,326

$81,183

$97,588

$124,927

The pay ladder for this department. Someone at the 90th percentile earns $124,927 — more than 90% of the department; the 10th percentile earns $44,743. The shaded band is the middle half of employees (25th–75th percentile).

Largest job titles

Investigator 2

28 · $74,744

Government Representative 1

17 · $93,302

Investigator 3

11 · $92,927

Financial Examiner 1

9 · $65,709

Investigator 1

9 · $56,448

The most common job titles in this department by headcount, with the median total compensation for each. Click a title to see everyone who holds it.

Trend

Year over year

How this department's total payroll, headcount, and median pay changed across the 2 published years.

Year	Total payroll	Employees	Median pay
2023	$15.7M —	211 —	$73,793 —
2024	$16.6M ▲ 6.2%	204 ▼ 3.3%	$81,183 ▲ 10.0%

Compare

Similar departments

Departments elsewhere with the most similar mix of roles — a proxy for the same kind of agency, matched by workforce composition rather than name. Pay is not cost-of-living adjusted.

Dcpc District of Columbia57% match
State Board of Veterinary Medical Examin Texas57% match
Civilian Complaint Review Bd New York City52% match
Oig Office of Inspector General City of Philadelphia47% match
Office Inspector General Cook County, Illinois44% match
Labor License & Regulation South Carolina43% match

Record list

Employees

Page 1

Michelle Mcnellis

Division Director/Banking and Insurance

2024 total comp

$145,774

Sub-department: Insurance
Base pay: $145,774
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $145,774
Hire date: null
Union / bargaining unit: Managerial - Unit M
Pay basis: Annual
Middle name: T

Source-specific fields

As-of Date: Dec 31, 2024
Calendar Quarter: 4
Full Name: Mcnellis, Michelle T
Paid Section Description: null
Payroll ID: 127688
Record Type: Master
Salary Hourly Rate: $152,950
Year-to-Date Earnings: $145,774

Michelle Mcnellis works as a Division Director for Banking and Insurance within Insurance. Their hire date on record is null. Michelle earned $145,774 in 2024. They are represented by Managerial - Unit M.