Underwriter earnings by seniority

90th percentile

Top-level underwriter earnings begin at:

$38.45 per hour

$79,970 per year

75th percentile

Senior-level underwriter earnings begin at:

$29.25 per hour

$60,830 per year

50th percentile

Mid-level underwriter earnings begin at:

$18.64 per hour

$38,770 per year

25th percentile

Junior-level underwriter earnings begin at:

$14.70 per hour

$30,580 per year

10th percentile

Starting level underwriter earnings begin at:

$11.62 per hour

$24,170 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 West Virginia. On average, they make less than loan officers but more than financial clerks.

Career Median Salary
Loan officer salary $48K
Credit analyst salary $49K
Fundraiser salary $49K
Market research analyst salary $46K
Revenue agent salary $40K
Underwriter salary $39K
Stock trader salary $38K
Securities and commodities broker salary $38K
Credit counselor salary $38K
Financial clerk salary $37K

Source: CareerExplorer (Aggregated)