Underwriter Salary in the US
$61,520
per year
per month
$5,130
per month
per year
Bonus
$3,200/year
Commission
$4,800/year
Bonus
$270/month
Commission
$400/month
Underwriter - Average Salary
The average salary for an Underwriter is $61,520 per year ($5,130 per month), which is $8,030 (+15%) higher than the average salary in the United States.
An Underwriter can expect an average starting salary of $44,250. The highest salaries can exceed $84,405.
An Underwriter can expect an average starting salary of $44,250. The highest salaries can exceed $84,405.
$44,250
Low
$61,520
Average salary
$84,405
High
$3,690
Low
$5,130
Average salary
$7,030
High
Total pay includes salary, bonus and commission.
$1,000 $60,500 $121,905 | ||
| Salary | $44,250 - 84,405 | |
| Bonus | $1,000 - 14,500 | |
| Commission | $1,250 - 23,000 | |
| Total Pay | $46,500 - 121,905 |
$80 $5,040 $10,160 | ||
| Salary | $3,690 - 7,030 | |
| Bonus | $80 - 1,210 | |
| Commission | $100 - 1,920 | |
| Total Pay | $3,870 - 10,160 |
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Underwriter Salary Range
Among Underwriters in the U.S., Entry Level Underwriters, Junior Underwriters and Assistant Underwriters tend to have the lowest salaries, while Life Insurance Underwriters, Commercial Loan Underwriters and Senior Underwriters enjoy the highest salaries.
Underwriter - Salary Differences
| Job | Salary | Difference |
|---|---|---|
| Senior Underwriters | $73K/year | +18% |
| Commercial Loan Underwriter | $71K/year | +15% |
| Consumer Loan Underwriter | $68K/year | +11% |
| Medical Underwriter | $64K/year | +4% |
| Life Insurance Underwriter | $62K/year | +1% |
| Assistant Underwriter | $54K/year | -13% |
| Junior Underwriter | $46K/year | -25% |
| Entry Level Underwriter | $42K/year | -31% |
Underwriter - Pay by Experience Level in the United States
An Entry Level Underwriter with less than three years of experience can expect to earn an average starting salary of $49,550 per year. A mid level Underwriter with 4-9 years of experience earns an average salary of $58,480, while a Senior Underwriter with 10-20 years of experience makes on average $65,430. Underwriters with more than 20 years of experience earn $74,850 per year on average.
How Work Experience Affects the Salary of an Underwriter
| Late Career | ▲ +22% |
| Senior | ▲ +6% |
| Average Salary | $61,520/year |
| Mid Level | ▼ -5% |
| Entry Level | ▼ -19% |
Gender Breakdown
Female
54%
54%
Male
46%
46%
Underwriter - Related Salaries
The salary information presented on this page is based on all Underwriter jobs published on Jobted in the last 12 months and on data from the Bureau of Labor Statistics (BLS.gov).
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Underwriter Jobs