Underwriter in Chicago, Illinois Salary

The average pay for an Underwriter in Chicago, Illinois is $65,595 per year. The skills that increase pay for this job the most are Loan Underwriting, Microsoft Excel, and Financial Analysis.

$49,116 - $83,375
$49K
$66K
$83K
MEDIAN: $65,595
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$31K$62K$93K
Salary
$49,116 - $83,375  
   
Bonus
$1,957 - $10,067  
Profit Sharing
$3,500  
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).
)
$49,381 - $90,808  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 55

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United States (change)

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About Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Insurance Underwriter Job Listings

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Pay by Experience Level for Underwriter

Pay by Experience for an Underwriter has a positive trend. An entry-level Underwriter with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 45 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $85,000 based on 14 salaries. An experienced Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 5 salaries. An Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $80,000 based on 8 salaries.

Key Stats for Underwriter

Gender

Female
31 %
Male
69 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
Less than 1 year
5%
1-4 years
64%
5-9 years
22%
10-19 years
7%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriter Salaries

▲27%

Late-Career
▲20%

Experienced
▲5%

National Average
$67,000

▼7%

Skills That Affect Underwriter Salaries

Loan Underwriting
▲25%

Microsoft Excel
▲23%

Financial Analysis
▲15%


Insurance
▼0%

National Average
$67,000

Customer Service
▼9%

Data Analysis
▼11%

Job Satisfaction

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

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
5%
1-4 years
64%
5-9 years
22%
10-19 years
7%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 98%
dental benefits
Dental: 84%
vision benefits
Vision: 69%
no benefits
None: 2%
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