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Entry-Level Underwriter Salary

Entry-Level Underwriters pull down an average of $49K per year. In the world of Entry-Level Underwriters, total cash compensation can vary between $34K and $70K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $6K, respectively. The specific employer and the particular city each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Women are just slightly outnumbered, with male Entry-Level Underwriters making up 56 percent of survey respondents. Most workers in this position report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$35,187 - $66,313
(Median)
$35K
$49K
$66K
MEDIAN: $48,783
10%
50%
90%

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$12.15 - $24.59
(Median)
$12
$17
$25
MEDIAN: $17.00
10%
50%
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$24K$48K$72K
Salary
$35,187 - $66,313  
   
Bonus
$0.00 - $9,805  
Profit Sharing
$207.29 - $6,270  
Commission
$0.00 - $14,795  
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).
)
$34,149 - $69,612  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,597
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$15$30$45
Hourly Rate
$12.15 - $24.59  
   
Overtime
$17.20 - $42.33  
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$30K$60K$90K
Bonus
$0.00 - $9,805  
   
Commission
$0.00 - $14,795  
Profit Sharing
$207.29 - $6,270  
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).
)
$34,149 - $69,612  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 232

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Popular Employer Salaries for Entry-Level Underwriter


J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), American International Group, Inc. (AIG), State Farm Insurance Company, and Zurich North America are among the top companies that take on many Entry-Level Underwriters. With a median salary of $67K, The Chubb Corporation offers Entry-Level Underwriters the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $52K and are capped at $86K. Other employers shelling out big bucks include Liberty Mutual Insurance Group, The PNC Financial Services Group, Inc., and American International Group, Inc. (AIG), where Entry-Level Underwriters typically earn around $66K, $63K, or $62K, respectively.

Known for its small paychecks, State Farm Insurance Company actually ranks last in the field for salary, reporting a median income of $38K — 75 percent lower than the top payer. Also approaching the lower end are Aetna, Inc. at $46K, Quicken Loans at $46K, and Cigna Corporation at $48K.

Pay Difference by Location


For Entry-Level Underwriters, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Entry-Level Underwriters will also find cushy salaries in Boston (+26 percent), Seattle (+22 percent), Los Angeles (+22 percent), and Chicago (+20 percent). The smallest paychecks in the market, 13 percent south of the national average, can be found in Omaha.

United States (change)

Skills That Affect Entry-Level Underwriter Salaries

Mortgage Loans
up arrow 11%


Negotiation
up arrow 10%

Sales
up arrow 9%


Insurance
up arrow 2%

Data Analysis
up arrow 1%

Microsoft Excel
up arrow 1%

Loan Underwriting
0%

National Average
$49,000

Customer Service
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 369 votes.

Gender

Female
44 %
Male
56 %

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 70% employee benefits None: 7%
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