Entry-Level Underwriter Salary

An average Entry-Level Underwriter can expect to take home roughly $49K annually. Overall compensation packages to Entry-Level Underwriters range from $34K on the low end to $70K on the high end; this includes bonuses that peak near $10K and profit sharing that approaches $6K, with some high rollers snagging commissions as high as $15K. The particular firm is the biggest factor affecting pay for this group, followed by geography. Men make up a slight majority of Entry-Level Underwriters (57 percent) who responded to the survey. Medical benefits are awarded to nearly all, and most earn dental coverage. Most Entry-Level Underwriters like their work and job satisfaction is high. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$35,308 - $66,907

Add this chart to your site: 640px    300px

$12.29 - $24.49

Add this chart to your site: 640px    300px

National 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$24K$48K$72K
Salary
$35,308 - $66,907  
   
Bonus
$0.00 - $9,735  
Profit Sharing
$204.26 - $6,456  
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).
)
$34,230 - $70,310  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,622
National Hourly Rate 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$15$30$45
Hourly Rate
$12.29 - $24.49  
   
Overtime
$16.77 - $42.27  
National Annualized 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$30K$60K$90K
Bonus
$0.00 - $9,735  
   
Commission
$0.00 - $14,795  
Profit Sharing
$204.26 - $6,456  
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).
)
$34,230 - $70,310  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 240
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Insurance Underwriter Job Listings

Search for more jobs:

Popular Employer Salaries for Entry-Level Underwriter


Known for taking on a considerable number of Entry-Level Underwriters, J.P. Morgan Chase & Co. (JPMCC), The Travelers Companies, Inc., Bank of America Corp. (BOFA), American International Group, Inc. (AIG), and State Farm Insurance Company are leading firms in the industry. 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 $53K and are capped at $87K. Entry-Level Underwriters can also look forward to large paychecks at Liberty Mutual Insurance Group ($65K), The Travelers Companies, Inc. ($64K), and The PNC Financial Services Group, Inc. ($63K).

The lowest pay by far can be found at State Farm Insurance Company — this employer offers a median salary of $38K, 78 percent less than the top paying company. Quicken Loans, Aetna, Inc., and Cigna Corporation are a few other employers known for handing out relatively lightweight salaries ($46K, $46K, and $49K respectively).

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 can also look forward to large paychecks in cities like Boston (+27 percent), Seattle (+21 percent), Los Angeles (+21 percent), and Chicago (+20 percent).

Underwriter Advice

What do you wish you knew about your job when you first started out?

Underwriter in Poughkeepsie:
"Never a dull moment."
Multi tasking, flexibility, and long hours. If you love math, and reasoning, this job is for you.

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Skills That Affect Entry-Level Underwriter Salaries

Mortgage Loans
up arrow 12%


Negotiation
up arrow 8%

Sales
up arrow 7%

Risk Management / Risk Control
up arrow 4%

Insurance
up arrow 2%

Data Analysis
up arrow 1%

Microsoft Excel
0%

National Average
$49,000

Loan Underwriting
up arrow 1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 340 votes.

Gender

Female
43 %
Male
57 %

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 70% employee benefits None: 7%
ADVERTISEMENT