The average salary for a underwriter in Illinois is around $89,620 per year.
Avg Salary
Underwriters earn an average yearly salary of $89,620.
Wages typically start from $59,730 and go up to $161,410.
37% above national average Updated in 2025
Underwriter earnings by seniority
90th percentile
Top-level underwriter earnings begin at:
$77.60 per hour
$161,410 per year
75th percentile
Senior-level underwriter earnings begin at:
$60.26 per hour
$125,330 per year
50th percentile
Mid-level underwriter earnings begin at:
$43.09 per hour
$89,620 per year
25th percentile
Junior-level underwriter earnings begin at:
$35.82 per hour
$74,500 per year
10th percentile
Starting level underwriter earnings begin at:
$28.72 per hour
$59,730 per year
Approximate values based on highest and lowest earning segments.
Underwriter salary by state
| State Name | Average Salary |
|---|---|
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
| California | $95,320 |
| Maryland | $92,120 |
| Illinois | $89,620 |
| Georgia | $85,980 |
| Rhode Island | $84,720 |
| South Dakota | $83,130 |
| Arkansas | $82,130 |
| District of Columbia | $82,070 |
| Virginia | $81,870 |
| Alaska | $81,620 |
| Minnesota | $80,700 |
| Missouri | $80,040 |
| Kentucky | $79,830 |
| South Carolina | $79,570 |
| Ohio | $79,260 |
| Oregon | $79,200 |
| Pennsylvania | $78,950 |
| Texas | $78,890 |
| Tennessee | $78,840 |
| Florida | $78,720 |
| Vermont | $77,990 |
| Arizona | $77,740 |
| Indiana | $77,440 |
| Michigan | $77,380 |
| North Carolina | $77,120 |
| Kansas | $77,070 |
| Louisiana | $76,540 |
| Iowa | $75,160 |
| Nebraska | $75,120 |
| North Dakota | $74,130 |
| Hawaii | $73,260 |
| Utah | $72,730 |
| Oklahoma | $66,770 |
| New Mexico | $64,000 |
| Montana | $63,140 |
| Idaho | $62,530 |
| Wyoming | $62,290 |
| Alabama | $62,220 |
| Mississippi | $59,250 |
| Puerto Rico | $46,710 |
| West Virginia | $38,770 |
| Guam | $30,780 |
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Delaware | $103,670 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
How do underwriter salaries compare to similar careers?
Underwriters earn about the same as related careers in Illinois. On average, they make less than stock traders but more than investment bankers.
| Career | Median Salary |
|---|---|
| Stock trader salary | $100K |
| Fundraising manager salary | $106K |
| Business analyst salary | $104K |
| Financial analyst salary | $101K |
| Credit analyst salary | $85K |
| Underwriter salary | $90K |
| Budget analyst salary | $95K |
| Consultant salary | $82K |
| Risk management specialist salary | $81K |
| Investment banker salary | $81K |
Source: CareerExplorer (Aggregated)