The average pay for an Underwriter is $51,100 per year. A skill in Financial Analysis is associated with high pay for this job. People in this job generally don't have 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.
)
$35,910 - $74,705
(Median)
36K
42K
51K
62K
75K
MEDIAN: $51,099
10%
25%
50%
75%
90%
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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.
)
$12.36 - $25.83
(Median)
12
15
18
22
26
MEDIAN: $18.00
10%
25%
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$27K$54K$81K
Salary
$35,910 - $74,705  
   
Bonus
$0.00 - $9,959  
Profit Sharing
$491.94 - $7,230  
Commission
$0.00 - $15,319  
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).
)
$35,148 - $78,286  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 3,709
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$15$30$45
Hourly Rate
$12.36 - $25.83  
   
Overtime
$17.76 - $44.96  
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$30K$60K$90K
Bonus
$0.00 - $9,959  
   
Commission
$0.00 - $15,319  
Profit Sharing
$491.94 - $7,230  
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).
)
$35,148 - $78,286  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 3,709
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Underwriter Job Listings

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Popular Employer Salaries for Underwriter
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.
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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.
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
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National Average
$52,000
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Jacksonville
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Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Underwriter Salaries

National Average
$52,000

Skills That Affect Underwriter Salaries

Insurance
up arrow 3%
Microsoft Excel
up arrow 3%
Data Analysis
up arrow 2%
National Average
$52,000
Customer Service
up arrow 3%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 833 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
8%
Common Health Benefits
medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 64% employee benefits None: 8%
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