An Underwriter, Business Banking earns an average salary of $60,782 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. For the first five to ten years in this position, pay increases steeply, but any additional experience does not have a big effect on pay.

$40,972 - $87,533
(Median)
$41K
$61K
$88K
MEDIAN: $60,781
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$31K$62K$93K
Salary
$40,972 - $87,533  
   
Bonus
$1,939 - $8,935  
Profit Sharing
$2,000  
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).
)
$41,817 - $90,454  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 84
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Job Description for Underwriter, Business Banking

A business banking underwriter usually assists the commercial lending process. The underwriter will prepare financial statements related to the financial health of the potential borrower. This should include years of historical financial information, in order to show comparisons. Research is involved to create these spreadsheets, which include looking at past tax returns, credit history, balance sheets, income statements, cash flow statements, and other financial statements.

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Popular Skills for Underwriter, Business Banking

Pay by Experience Level for Underwriter, Business Banking

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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Experience Affects Underwriter, Business Banking Salaries

Mid-Career
up arrow 12%

Experienced
up arrow 11%

Late-Career
up arrow 6%

National Average
$64,000

Entry-Level
up arrow 9%

Skills That Affect Underwriter, Business Banking Salaries

Risk Management / Risk Control
up arrow 6%

Loan Underwriting
up arrow 4%

National Average
$64,000

Financial Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
3%
1-4 years
51%
5-9 years
20%
10-19 years
20%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 83%
medical benefits
Vision: 69%
dental benefits
None: 6%
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