Vice President (VP), Underwriting Salary

VPs of Underwriting in the United States can look forward to a sizeable six-figure salary — around $115K per year on average. Including potential for bonuses and profit sharing — peaking near $39K and $30K, respectively — total cash payment to VPs of Underwriting can bottom out near $79K or peak near $190K depending on individual performance. Medical benefits are awarded to nearly all, and most earn dental coverage. Men make up the majority of VPs of Underwriting (61 percent) survey respondents. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$77,042 - $153,962
(Median)
$77K
$120K
$150K
MEDIAN: $115,299
10%
50%
90%

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$70K$140K$210K
Salary
$77,042 - $153,962  
   
Bonus
$1,951 - $38,880  
Profit Sharing
$40.55 - $29,590  
Commission
$0.00  
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).
)
$79,138 - $189,754  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 103
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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

Search for more jobs:


VPs of Underwriting who responded to the survey indicated only a few skills that they use on the job. Most notably, facility with Financial Analysis and Insurance are correlated to pay that is significantly above average, leading to increases of 36 percent and 22 percent, respectively.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Vice President (VP), Underwriting Salaries

Late-Career
up arrow 2%

Experienced
0%

National Average
$127,000

Mid-Career
up arrow 5%

Skills That Affect Vice President (VP), Underwriting Salaries

Financial Analysis
up arrow 36%

Insurance
up arrow 22%

National Average
$127,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

1-4 years
2%
5-9 years
13%
10-19 years
37%
20 years or more
48%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 82%
medical benefits
Vision: 71%
dental benefits
None: 6%
ADVERTISEMENT