The average Underwriter in Philadelphia, Pa. earns approximately $56K per year. Most workers in this position report high levels of job satisfaction. Almost all enjoy medical while nearly all get dental coverage. Vision coverage is also available to a large number. Men make up the majority of Philadelphia Underwriters (67 percent) survey respondents. Participants in PayScale's salary questionnaire provided the particulars of this report.

$41,632 - $95,314
(Median)
$42K
$56K
$95K
MEDIAN: $56,011
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
$41,632 - $95,314  
   
Bonus
$1,980 - $22,412  
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).
)
$41,444 - $103,266  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 45
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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 worker who claims fewer than five years of experience earns around $51K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $85K. For Underwriters in Philadelphia, Pa., 10 to 20 years of experience on the job amounts to an average salary of $98K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $88K.

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Experience Affects Underwriter Salaries

Experienced
up arrow 64%

Late-Career
up arrow 48%

Mid-Career
up arrow 43%

National Average
$60,000


Skills That Affect Underwriter Salaries

Loan Underwriting
up arrow 46%

Negotiation
up arrow 20%

Financial Analysis
up arrow 4%

Sales
up arrow 4%

Insurance
up arrow 1%

Microsoft Excel
0%

National Average
$60,000

Data Analysis
up arrow 11%

Customer Service
up arrow 11%

Risk Management / Risk Control
up arrow 13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
13%
1-4 years
50%
5-9 years
17%
10-19 years
17%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 91%
medical benefits
Vision: 83%
dental benefits
None: 3%
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