Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Underwriter Salary (United States)

The average pay for an Underwriter is $51,598 per year. Skills that are associated with high pay for this job are Negotiation and Financial Analysis. People in this job generally don't have more than 20 years' experience.
Underwriter Salary (?
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.
)
$36,099 - $75,304
(Median)
36K
43K
52K
63K
75K
MEDIAN: $51,597
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Underwriter Salary (?
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.
)
$12.36 - $26.87
(Median)
12
15
18
22
27
MEDIAN: $18.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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$27K$54K$81K
Salary
$36,099 - $75,304  
   
Bonus
$0.00 - $10,072  
Profit Sharing
$510 - $7,781  
Commission
$0.00 - $15,456  
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).
)
$35,414 - $79,294  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 2,879
National Hourly Rate 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$16$32$48
Hourly Rate
$12.36 - $26.87  
   
Overtime
$18.25 - $45.40  
National Annualized 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$32K$64K$96K
Bonus
$0.00 - $10,072  
   
Commission
$0.00 - $15,456  
Profit Sharing
$510 - $7,781  
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).
)
$35,414 - $79,294  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 363
Is Underwriter your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

Job Description for Underwriter

Underwriters work for banks and other financial institutions. They assess the risk factor in accepting applicants for different services such as loans, mortgages, equity, insurance and capital. They review an applicant's credit history, age, financial situation and other factors to determine if the applicant would be a risk. If they are deemed a risk, applicants are determined by the underwriter to either be declined services or pay a premium interest rate. Underwriters' primary duty is to protect the financial institution for whom they work from losing money.
Read More...
Underwriter Tasks
  • Manage underwriting territory and select new business based on analysis of their profitability.
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.

Common Career Paths for Underwriter

Add this chart to your site:   640px 640px    300px 300px   Copy and paste this HTML:

Insurance Underwriter Job Listings

Search for more jobs:
job title / company
location

Popular Employer Salaries for Underwriter

Popular Skills 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 22%
up arrow 22%
Boston
up arrow 15%
up arrow 12%
up arrow 12%
San Diego
up arrow 11%
up arrow 10%
up arrow 9%
up arrow 5%
up arrow 2%
up arrow 1%
National Average
$52,000
Jacksonville
up arrow 4%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Underwriter Salaries

National Average
$52,000

Skills That Affect Underwriter Salaries

up arrow 8%
Underwriting
up arrow 6%
Risk Management / Risk Control
up arrow 4%
Loan Underwriting
up arrow 4%
Customer Relationship Management (CRM)
up arrow 4%
Insurance
up arrow 2%
Data Analysis
up arrow 2%
Microsoft Excel
up arrow 1%
National Average
$52,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 764 votes.

Gender

Female
50%
female alumni
 
Male
50%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
42%
5-9 years
28%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 66% employee benefits None: 8%