The average salary for a underwriter in New Jersey is around $80,070 per year.
Avg Salary
Underwriters earn an average yearly salary of $80,070.
Wages typically start from $58,230 and go up to $128,490.
12% above national average Updated in 2021
Underwriter earnings by seniority
90th percentile
Top-level underwriter earnings begin at:
$61.78 per hour
$128,490 per year
75th percentile
Senior-level underwriter earnings begin at:
$48.58 per hour
$101,040 per year
50th percentile
Mid-level underwriter earnings begin at:
$38.49 per hour
$80,070 per year
25th percentile
Junior-level underwriter earnings begin at:
$30.39 per hour
$63,210 per year
10th percentile
Starting level underwriter earnings begin at:
$28.00 per hour
$58,230 per year
Approximate values based on highest and lowest earning segments.
Underwriter salary by state
| State Name | Average Salary |
|---|---|
| District of Columbia | $98,760 |
| New York | $97,070 |
| Massachusetts | $96,780 |
| Connecticut | $81,410 |
| Washington | $80,960 |
| California | $80,820 |
| Oregon | $80,160 |
| New Jersey | $80,070 |
| Nevada | $78,680 |
| Colorado | $78,160 |
| Rhode Island | $78,060 |
| New Hampshire | $77,740 |
| Wisconsin | $77,450 |
| Maryland | $77,370 |
| Ohio | $77,050 |
| Pennsylvania | $77,030 |
| Maine | $76,840 |
| Georgia | $76,710 |
| Indiana | $76,060 |
| South Dakota | $76,060 |
| Kansas | $75,370 |
| North Carolina | $73,430 |
| Arizona | $72,640 |
| Arkansas | $72,170 |
| Oklahoma | $70,250 |
| Texas | $69,610 |
| Minnesota | $67,270 |
| Alaska | $63,960 |
| Vermont | $63,960 |
| Utah | $63,850 |
| Nebraska | $63,300 |
| Florida | $63,290 |
| Michigan | $63,240 |
| Tennessee | $62,390 |
| Iowa | $62,320 |
| Alabama | $62,020 |
| Virginia | $62,020 |
| Hawaii | $61,340 |
| New Mexico | $61,320 |
| North Dakota | $60,550 |
| Illinois | $60,490 |
| South Carolina | $60,490 |
| Mississippi | $60,380 |
| Missouri | $60,310 |
| Kentucky | $59,130 |
| Louisiana | $57,660 |
| Idaho | $49,490 |
| Wyoming | $49,150 |
| Montana | $48,630 |
| Puerto Rico | $46,710 |
| West Virginia | $38,770 |
| Guam | $30,780 |
| Delaware | $103,670 |
How do underwriter salaries compare to similar careers?
Underwriters earn about the same as related careers in New Jersey. On average, they make less than loan officers but more than insurance appraisers.
| Career | Median Salary |
|---|---|
| Loan officer salary | $79K |
| Fraud analyst salary | $81K |
| Financial quantitative analyst salary | $81K |
| Risk management specialist salary | $81K |
| Investment banker salary | $81K |
| Underwriter salary | $80K |
| Market research analyst salary | $79K |
| Revenue agent salary | $81K |
| Cost estimator salary | $79K |
| Insurance appraiser salary | $79K |
Source: CareerExplorer (Aggregated)