For Underwriters in New York, N.Y., annual average wages total $65K per year. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. There are more male Underwriters in New York than female among those who completed the questionnaire, making up 67 percent. The majority of New York Underwriters claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$49,129 - $88,041
(Median)
$49K
$65K
$88K
MEDIAN: $64,681
10%
50%
90%

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Local 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$50K$100K$150K
Salary
$49,129 - $88,041  
   
Bonus
$1,939 - $25,760  
Profit Sharing
$2,162  
Commission
$5.00  
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).
)
$48,496 - $106,917  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 107
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About New York, New York

Kings County, New York
8,375,004
Male:
4,081,698 (47.7%)
Female:
4,468,707 (52.3%)
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, one of the most populous urban agglomerations in the world. With a U.S. Census Bureau-estimated 2015 population of 8,550,405 distributed over a land area of just 305 square miles (790 km2), New York is also the most densely populated major city in the United States. A global power city, New York City exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has been described as the cultural and financial capital of the world. Situated...
New York:
$55,752
New York:
$60,850
$1,317
New York:
$538,300
New York:
$293,500
4.7%

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Pay by Experience Level for Underwriter

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


The average inexperienced worker's salary is approximately $65K, and people with five to 10 years of experience bring in more at around $73K on average. Underwriters in New York, N.Y. bring in $71K after working for 10 to 20 years. Veteran professionals who boast more than 20 years of relevant experience enjoy plum median salaries that average out to the six-figure sum of $104K.

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Experience Affects Underwriter Salaries

Late-Career
up arrow 51%


Experienced
up arrow 3%

National Average
$69,000


Skills That Affect Underwriter Salaries

Loan Underwriting
up arrow 36%

Financial Analysis
up arrow 20%

Risk Management / Risk Control
up arrow 4%

Insurance
up arrow 2%

National Average
$69,000

Data Analysis
up arrow 3%

Negotiation
up arrow 3%

Microsoft Excel
up arrow 6%

Customer Service
up arrow 9%

Sales
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
5%
1-4 years
61%
5-9 years
20%
10-19 years
10%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 77%
medical benefits
Vision: 66%
dental benefits
None: 9%
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