The average pay for an Underwriter is £25,862 per year. Most people with this job move on to other positions after 20 years in this field. A skill in Insurance is associated with high pay for this job. Pay for this job rises steadily for more experienced workers, but goes down significantly for the few employees with more than 20 years' experience.
Underwriter Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
£16,258 - £57,653
(Median)
16K
26K
38K
58K
MEDIAN: £25,862
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
£0£21K£42K£63K
Salary
£16,258 - £57,653  
   
Bonus
£400.67 - £9,919  
Profit Sharing
£0.00 - £22,300  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
£16,646 - £60,714  
PayScale
Country: United Kingdom | Currency: GBP | Updated: 23 Apr 2014 | Individuals Reporting: 373
Is Underwriter your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

Underwriter Job Listings

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Popular Employer Salaries for Underwriter
Pay by Experience Level for Underwriter
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
up arrow 47%
National Average
₤27,000
Bristol
up arrow 16%
Leeds
up arrow 17%
Manchester
up arrow 17%
Glasgow
up arrow 31%
Norwich
up arrow 34%
Larger circles over a city indicate a job is popular in that location.

Underwriter Advice

What do you wish you knew about your job when you first started out?
Underwriter in Bristol:
"Stick With It."
You'll start at the bottom but if you put in the time and you are any good, with the right attitude you'll get to a good place after a few years. You'll learn on the job and gain experience and if you can show improvement and greater understanding you'll get further than you might think. It's not mega bucks so if that's what you want then underwriting is not your long term plan (go take actuarial exams or become a sales person) but its an interesting and engaging job with financial rewards that will put you at least at a comfortable UK average salary and a good bonus and perks.
Related Job Salaries

Experience Affects Underwriter Salaries

Experienced
up arrow 59%
Late-Career
up arrow 26%
Mid-Career
up arrow 22%
National Average
₤27,000
Entry-Level
up arrow 17%

Skills That Affect Underwriter Salaries

Insurance
up arrow 12%
Risk Management / Risk Control
up arrow 1%
National Average
₤27,000
Financial Analysis
up arrow 5%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 50 votes.
Gender
Female
43%
female alumni
 
Male
57%
male alumni
Years of Experience
Less than 1 year
9%
1-4 years
43%
5-9 years
29%
10-19 years
14%
20 years or more
4%
Common Health Benefits
medical benefits Medical: 57% dental benefits Dental: 15%
vision benefits Vision: 21% employee benefits None: 36%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
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