Entry-Level Underwriter Salary

Median pay for Entry-Level Underwriters is around $49K per year. In the world of Entry-Level Underwriters, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $6K from profit sharing, causing incomes to vary widely between $34K and $70K. The specific employer and the particular city each impact pay for this group, with the former having the largest influence. For the most part, Entry-Level Underwriters enjoy their work and report high levels of job satisfaction. Men working as Entry-Level Underwriters who took the survey just slightly outnumber women at 56 percent. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The data for this synopsis comes from respondents who took the PayScale salary survey.

$35,218 - $66,570
(Median)
$35K
$49K
$67K
MEDIAN: $48,948
10%
50%
90%

Add this chart to your site: 640px    300px

$12.19 - $24.51
(Median)
$12
$17
$25
MEDIAN: $17.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$35,218 - $66,570  
   
Bonus
$0.00 - $9,771  
Profit Sharing
$201.34 - $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).
)
$34,050 - $69,863  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,606
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
$12.19 - $24.51  
   
Overtime
$16.93 - $42.10  
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 - $9,771  
   
Commission
$0.00 - $14,795  
Profit Sharing
$201.34 - $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).
)
$34,050 - $69,863  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 239
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


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 among the top companies that take on many Entry-Level Underwriters. Salary cannot be beat at The Chubb Corporation, where median pay comes to $66K. The range seems somewhat confined, however; the lower end sits at $52K, and the higher end is not far away at $85K. Also paying near the top of the field are The Travelers Companies, Inc. at $65K, Liberty Mutual Insurance Group at $64K, and The PNC Financial Services Group, Inc., where Entry-Level Underwriters annually earn $63K.

Salaries are easily beat at State Farm Insurance Company, where median pay comes to just $38K, the lowest in the field. What's more, with base pay starting at $35K and ending at $51K, range in salary is rather small. Quicken Loans, Aetna, Inc., and Cigna Corporation also rank near the bottom for pay, handing out $46K, $46K, and $49K-paychecks on average.

Pay Difference by Location


For Entry-Level Underwriters, busy San Francisco offers a higher-than-average pay rate, 33 percent above the national average. Entry-Level Underwriters will also find cushy salaries in Boston (+29 percent), Seattle (+21 percent), New York (+20 percent), and Los Angeles (+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 345 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%
ADVERTISEMENT