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This question is about underwriter.
Is being an underwriter a good career?
Yes, being an underwriter is a good career. It has a high salary range and job openings in specific industries.
The average underwriter's salary is $68,217 per year or $32.80 per hour. On the lower end of the salary range, people can make around $46,000, usually those in entry-level positions. On the higher end, underwriters can make $100,000 or more. As most jobs go, factors like industry, location, and experience can dictate salary.
Although the U.S. Bureau of Labor Statistics projects a two percent decline in employment from 2020 to 2030 for insurance underwriters, other types of underwriters are in high demand.
For example, Mortgage Professional America (MPA) reported in late 2020 that the mortgage industry didn't have enough underwriters, forcing loans to take longer to close. So, mortgage loan underwriters are much needed in this specific industry.
Overall, the work environment is also generally safe. Most underwriters work indoors and don't come across high-risk situations or tools. So, it's a good career if you are detail-oriented, analytic with strong math and decision-making skills.
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