Average Early-Career Underwriter Salary

$60,619
Avg. Base Salary (USD)
10%
$45k
MEDIAN
$61k
90%
$83k

The average salary for an Underwriter is $60,619

Base Salary
$45k - $83k
Bonus
$1k - $10k
Profit Sharing
$1k - $7k
Commission
$4k - $20k
Total Pay
$41k - $86k
Is Average Early-Career Underwriter Salary your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
United States (change)
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
EXPLORE BY:

What is the Pay by Experience Level for Underwriters?

What Do Underwriters Do?

Underwriter Tasks
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.
Find your market worth – how it works:

FAQs About Underwriters

What is the highest pay for Underwriters?

Our data indicates that the highest pay for an Underwriter is $83k / year

What is the lowest pay for Underwriters?

Our data indicates that the lowest pay for an Underwriter is $45k / year

How can Underwriters increase their salary?

Increasing your pay as an Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Underwriter that oversees more junior Underwriters, this experience can increase the likelihood to earn more.