Vice President (VP), Underwriting Salary

VPs of Underwriting in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $116K) surpassing six figures annually. Including potential for bonuses and profit sharing — peaking near $36K and $30K, respectively — total cash payment to VPs of Underwriting can bottom out near $83K or peak near $194K depending on individual performance. Most workers in this position report high levels of job satisfaction. Almost all have medical and dental plans, and a fair number have vision insurance. There are more male VPs of Underwriting than female among those who completed the questionnaire, making up 64 percent. The numbers in this rundown were provided by PayScale's salary survey participants.

$78,043 - $159,277
MEDIAN: $115,691

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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.
$78,043 - $159,277  
$1,969 - $36,065  
Profit Sharing
$40.55 - $29,590  
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).
$82,679 - $193,816  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 90
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Job Description for Vice President (VP), Underwriting

  • Oversee risk and account management.
  • Lead underwriting and approval process to maximize profits and minimize losses.
  • Responsible for management of underwriting department.
  • Supervise, train and develop staff in portfolio-building and underwriting skills.

Vice President (VP), Underwriting Job Listings

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Professional skills reported by VPs of Underwriting are few in number. Most notably, facility with Financial Analysis and Insurance are correlated to pay that is significantly above average, leading to increases of 48 percent and 21 percent, respectively.

Related Job Salaries

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Experience Affects Salaries

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National Average

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Skills That Affect Salaries

Financial Analysis
up arrow 48%

up arrow 21%

National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.


36 %
64 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 89%
vision benefits Vision: 78% employee benefits None: 5%