Underwriter in Philadelphia, Pennsylvania Salary

For Underwriters in Philadelphia, Pa., yearly average wages total $59K annually. Underwriters in Philadelphia who participated in the survey are largely men, dominating at 65 percent. Job satisfaction is considered about average by most people in this profession. Medical and dental benefits are awarded to nearly all, and a strong majority earn vision coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$44,488 - $86,811
(Median)
$44K
$59K
$87K
MEDIAN: $58,884
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$33K$66K$99K
Salary
$44,488 - $86,811  
   
Bonus
$0.00 - $13,200  
Profit Sharing
$4,700  
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).
)
$45,525 - $96,351  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 77
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Pay by Experience Level for Underwriter

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


Workers in their first five years can expect to earn $52K, but people who have been around for five to 10 years earn a noticeably bigger sum of $77K. Underwriters in Philadelphia, Pa. who work for 10 to 20 years in their occupation tend to earn about $90K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $88K.

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Experience Affects Underwriter Salaries

Experienced
up arrow 43%

Late-Career
up arrow 41%

Mid-Career
up arrow 23%

National Average
$63,000


Skills That Affect Underwriter Salaries

Loan Underwriting
up arrow 38%

Negotiation
up arrow 8%

Financial Analysis
up arrow 7%

Customer Service
up arrow 4%

National Average
$63,000

Insurance
up arrow 2%

Data Analysis
up arrow 7%

Risk Management / Risk Control
up arrow 9%

Microsoft Excel
up arrow 18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
9%
1-4 years
46%
5-9 years
23%
10-19 years
15%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 87%
medical benefits
Vision: 80%
dental benefits
None: 6%
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