Underwriter Salary (United States)

The average pay for an Underwriter is $51,555 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 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.
)
$36,233 - $75,381
(Median)
36K
43K
52K
63K
75K
MEDIAN: $51,554
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.
)
$12.25 - $26.99
(Median)
12
15
18
22
27
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
$36,233 - $75,381  
   
Bonus
$0.00 - $10,052  
Profit Sharing
$515 - $7,792  
Commission
$0.00 - $15,260  
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).
)
$35,381 - $79,454  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 3,463
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
$12.25 - $26.99  
   
Overtime
$17.97 - $45.87  
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 - $10,052  
   
Commission
$0.00 - $15,260  
Profit Sharing
$515 - $7,792  
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).
)
$35,381 - $79,454  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 3,463
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Location:
United States (change)
Years in Field/Career:
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.
Common Career Paths for Underwriter

Underwriter Job Listings

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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 23%
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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

Commercial
up arrow 9%
up arrow 8%
Underwriting
up arrow 7%
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 2%
National Average
$52,000
Customer Service
up arrow 4%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 855 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: 65% employee benefits None: 8%
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United States (change)
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