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The differences between property underwriters and underwriting consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a property underwriter has an average salary of $71,730, which is higher than the $71,693 average annual salary of an underwriting consultant.
The top three skills for a property underwriter include CPCU, underwriting guidelines and insurance coverage. The most important skills for an underwriting consultant are life insurance, national accounts, and underwriting guidelines.
| Property Underwriter | Underwriting Consultant | |
| Yearly salary | $71,730 | $71,693 |
| Hourly rate | $34.49 | $34.47 |
| Growth rate | -4% | -4% |
| Number of jobs | 11,643 | 6,804 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 77% |
| Average age | 44 | 44 |
| Years of experience | - | - |
Property Underwriters will require skills in underwriting guidelines, sales territories, CPCU, analysis, math, interpersonal communication, and a bachelor's degree in economics, business, accounting, finance, or mathematics for this career choice. Also, on-the-job training may be needed from senior underwriters and completion of certification programs. Paying an annual salary of $82K, those who choose this career will help determine coverage amounts and premiums on property. This may include houses, land, boats, cars, or other properties of sufficient value.
An underwriting consultant is an individual who provides underwriting guidelines to underwriters as well as coordinates revision of the underwriting manual. Underwriting consultants are required to handle complex cases and situations by using their strong knowledge of company services, product standards, and underwriting policies. They must use their verbal and written communication skills to guide the account management team across several business segments. Underwriting consultants must also assist with special projects and handle confidential matters assigned by the senior consultant or manager.
Property underwriters and underwriting consultants have different pay scales, as shown below.
| Property Underwriter | Underwriting Consultant | |
| Average salary | $71,730 | $71,693 |
| Salary range | Between $45,000 And $111,000 | Between $49,000 And $103,000 |
| Highest paying City | Boston, MA | Boston, MA |
| Highest paying state | Massachusetts | Massachusetts |
| Best paying company | Chubb | CVS Health |
| Best paying industry | Finance | Health Care |
There are a few differences between a property underwriter and an underwriting consultant in terms of educational background:
| Property Underwriter | Underwriting Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between property underwriters' and underwriting consultants' demographics:
| Property Underwriter | Underwriting Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 47.1% Female, 52.9% | Male, 48.2% Female, 51.8% |
| Race ratio | Black or African American, 9.7% Unknown, 2.5% Hispanic or Latino, 9.9% Asian, 5.7% White, 71.9% American Indian and Alaska Native, 0.4% | Black or African American, 9.1% Unknown, 2.5% Hispanic or Latino, 9.7% Asian, 5.7% White, 72.8% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |