Entry-Level Underwriter Salary

Entry-Level Underwriters pull down an average of $49K annually. Overall incomes of Entry-Level Underwriters — including $10K bonuses, $6K profit sharing proceeds, and $15K commissions on the more lucrative end — generally ranges between $34K and $69K. The particular firm is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to nearly all, and most earn dental coverage. Male Entry-Level Underwriters are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 56 percent of the field. The majority of Entry-Level Underwriters claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$35,131 - $66,098
(Median)
$35K
$49K
$66K
MEDIAN: $48,783
10%
50%
90%

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$12.07 - $24.65
(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
$35,131 - $66,098  
   
Bonus
$0.00 - $9,819  
Profit Sharing
$206.08 - $6,302  
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).
)
$34,020 - $69,404  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,599
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
$12.07 - $24.65  
   
Overtime
$17.29 - $42.16  
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 - $9,819  
   
Commission
$0.00 - $14,795  
Profit Sharing
$206.08 - $6,302  
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).
)
$34,020 - $69,404  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 234

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Popular Employer Salaries for Entry-Level Underwriter


Known for taking on a considerable number of Entry-Level Underwriters, 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 leading firms in the industry. Employees at The Chubb Corporation enjoy the biggest paychecks, and $65K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $51K and higher ones not far away at only $86K. Entry-Level Underwriters will also find cushy salaries at The PNC Financial Services Group, Inc. (+$63K), American International Group, Inc. (AIG) (+$62K), and ACE Group (+$60K).

Earnings fall especially short at State Farm Insurance Company, where the median salary of $38K is the lowest in the field, 70 percent less than the top paying company. Aetna, Inc., Quicken Loans, and Cigna Corporation also rank near the bottom for pay, handing out $45K, $46K, and $48K-paychecks on average.

Pay Difference by Location


With a pay rate for Entry-Level Underwriters that is 33 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Entry-Level Underwriters can also look forward to large paychecks in cities like Boston (+26 percent), Seattle (+22 percent), Chicago (+18 percent), and New York (+18 percent). In Omaha, salaries are 14 percent below the national average and represent the lowest-paying market.

United States (change)

Skills That Affect Entry-Level Underwriter Salaries

Mortgage Loans
up arrow 13%


Negotiation
up arrow 9%

Sales
up arrow 9%


Insurance
up arrow 1%

Loan Underwriting
up arrow 1%

Microsoft Excel
up arrow 1%

Data Analysis
0%

National Average
$49,000

Customer Service
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 387 votes.

Gender

Female
44 %
Male
56 %

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 69% employee benefits None: 7%