Underwriter earnings by seniority

90th percentile

Top-level underwriter earnings begin at:

$80.99 per hour

$168,470 per year

75th percentile

Senior-level underwriter earnings begin at:

$62.12 per hour

$129,200 per year

50th percentile

Mid-level underwriter earnings begin at:

$46.67 per hour

$97,070 per year

25th percentile

Junior-level underwriter earnings begin at:

$34.04 per hour

$70,810 per year

10th percentile

Starting level underwriter earnings begin at:

$26.22 per hour

$54,530 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 6% less than similar careers in New York. On average, they make less than credit analysts but more than risk management specialists.

Career Median Salary
Credit analyst salary $122K
Statistician salary $109K
Mathematician salary $98K
Business analyst salary $101K
Loan officer salary $96K
Underwriter salary $97K
Auditor salary $98K
Accountant salary $98K
Fraud analyst salary $82K
Risk management specialist salary $82K

Source: CareerExplorer (Aggregated)