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Underwriting consultant salary
Average underwriting consultant salary
$71,693
Average Underwriting Consultant Salary
The average salary for an Underwriting Consultant in the United States is approximately $71,693 per year, translating to around $34 per hour. Salaries can vary significantly based on factors such as location, experience, and the specific industry segment. For instance, consultants with several years of experience often earn higher salaries than those just entering the field.
Regional Salary Differences
Geographic location greatly impacts earning potential. For example, underwriting consultants in states like California and New York typically command higher salaries due to the higher cost of living and increased demand for insurance services. Understanding the regional salary landscape can help job seekers target their applications effectively.
Salary by Experience Level
Entry-level positions may start around $50,000, while seasoned professionals can earn well over $90,000 annually, particularly in high-demand areas. This variation emphasizes the importance of gaining experience and continuing education in this field.
Explore Opportunities
For those interested in pursuing a career as an underwriting consultant, resources such as Zippia can provide valuable insights into job openings, salary trends, and career advancement strategies. By leveraging this information, you can make informed decisions about your career path.
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Where can an Underwriting Consultant earn more?
Underwriting consultant salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level underwriting consultant | $41,300 | $19.88 |
| Mid-level underwriting consultant | $69,900 | $33.61 |
| Senior-level underwriting consultant | $122,000 | $58.53 |
Underwriting consultant salary estimates from across the web
Average underwriting consultant salary by state
The highest-paying states for underwriting consultants are Massachusetts, Colorado, and California. The lowest average underwriting consultant salary states are Arkansas, South Carolina, and Louisiana.
- State view
- County view
Highest paying states for underwriting consultants
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Colorado | $92,772 | $44.60 |
| 2 | Oregon | $85,643 | $41.17 |
| 3 | Minnesota | $86,573 | $41.62 |
| 4 | Massachusetts | $95,349 | $45.84 |
| 5 | Connecticut | $84,905 | $40.82 |
| 6 | California | $87,460 | $42.05 |
| 7 | Ohio | $78,765 | $37.87 |
| 8 | Washington | $85,220 | $40.97 |
| 9 | New York | $81,270 | $39.07 |
| 10 | Pennsylvania | $78,862 | $37.91 |
| 11 | New Jersey | $82,664 | $39.74 |
| 12 | Maine | $77,690 | $37.35 |
| 13 | Michigan | $73,057 | $35.12 |
| 14 | New Hampshire | $81,698 | $39.28 |
| 15 | Arizona | $73,626 | $35.40 |
| 16 | Nevada | $74,661 | $35.89 |
| 17 | Wisconsin | $80,075 | $38.50 |
| 18 | North Carolina | $72,651 | $34.93 |
| 19 | North Dakota | $75,496 | $36.30 |
| 20 | South Dakota | $68,909 | $33.13 |
| 21 | Delaware | $78,036 | $37.52 |
| 22 | Indiana | $75,994 | $36.54 |
| 23 | Rhode Island | $70,787 | $34.03 |
| 24 | Georgia | $77,100 | $37.07 |
| 25 | District of Columbia | $82,939 | $39.87 |
| 26 | Vermont | $70,668 | $33.98 |
| 27 | Oklahoma | $65,639 | $31.56 |
| 28 | Kansas | $69,085 | $33.21 |
| 29 | Montana | $70,283 | $33.79 |
| 30 | Missouri | $71,212 | $34.24 |
| 31 | Utah | $66,046 | $31.75 |
| 32 | Illinois | $67,524 | $32.46 |
| 33 | Idaho | $68,256 | $32.82 |
| 34 | Wyoming | $63,615 | $30.58 |
| 35 | Texas | $62,661 | $30.13 |
| 36 | Nebraska | $67,013 | $32.22 |
| 37 | Hawaii | $72,234 | $34.73 |
| 38 | Alaska | $71,715 | $34.48 |
| 39 | Iowa | $65,616 | $31.55 |
| 40 | Alabama | $55,149 | $26.51 |
| 41 | Mississippi | $54,677 | $26.29 |
| 42 | New Mexico | $65,711 | $31.59 |
| 43 | Kentucky | $62,829 | $30.21 |
| 44 | Tennessee | $61,894 | $29.76 |
| 45 | West Virginia | $62,107 | $29.86 |
| 46 | Virginia | $63,300 | $30.43 |
| 47 | Maryland | $63,677 | $30.61 |
| 48 | Florida | $54,182 | $26.05 |
| 49 | South Carolina | $56,006 | $26.93 |
| 50 | Arkansas | $57,537 | $27.66 |
| 51 | Louisiana | $55,835 | $26.84 |
Highest paying cities for underwriting consultants
The highest-paying cities for underwriting consultants are Boston, MA, Littleton, CO, and San Francisco, CA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Boston, MA | $95,420 | $45.88 |
| 2 | Littleton, CO | $92,869 | $44.65 |
| 3 | San Francisco, CA | $91,741 | $44.11 |
| 4 | Minneapolis, MN | $86,518 | $41.60 |
| 5 | Olympia, WA | $86,116 | $41.40 |
| 6 | Salem, OR | $85,865 | $41.28 |
| 7 | Hartford, CT | $85,131 | $40.93 |
| 8 | Washington, DC | $82,994 | $39.90 |
| 9 | Concord, NH | $81,555 | $39.21 |
| 10 | New York, NY | $81,371 | $39.12 |
| 11 | Madison, WI | $79,614 | $38.28 |
| 12 | Harrisburg, PA | $78,598 | $37.79 |
| 13 | Columbus, OH | $78,199 | $37.60 |
| 14 | Portland, ME | $77,931 | $37.47 |
| 15 | Atlanta, GA | $77,834 | $37.42 |
| 16 | Carson City, NV | $77,689 | $37.35 |
| 17 | Indianapolis, IN | $75,732 | $36.41 |
| 18 | Bismarck, ND | $74,989 | $36.05 |
| 19 | Raleigh, NC | $73,835 | $35.50 |
| 20 | Phoenix, AZ | $73,794 | $35.48 |
Underwriting consultant salary details
An underwriting consultant's salary ranges from $49,000 a year at the 10th percentile to $103,000 at the 90th percentile.
What is an underwriting consultant's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $103,000 | $8,583 | $50 |
| 75th Percentile | $87,000 | $7,250 | $42 |
| Average | $71,693 | $5,974 | $34 |
| 25th Percentile | $58,000 | $4,833 | $28 |
| 10th Percentile | $49,000 | $4,083 | $24 |
Highest paying underwriting consultant jobs
The highest paying types of underwriting consultants are credit officer, bank officer, and consultant.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Mortgage Banker | $27,331 | $2,278 | $13.14 | 24,297 |
| Credit Officer | $129,478 | $10,790 | $62.25 | 60,323 |
| Bank Officer | $79,562 | $6,630 | $38.25 | 69,880 |
| Loan Officer | $45,817 | $3,818 | $22.03 | 63,663 |
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
Top companies hiring underwriting consultants now:
Which companies pay underwriting consultants the most?
Underwriting consultant salaries at CVS Health and W. R. Berkley are the highest-paying according to our most recent salary estimates. In addition, the average underwriting consultant salary at companies like Aetna and Legal & General Investment Management America are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | CVS Health | $101,205 | $48.66 |
| 2 | W. R. Berkley | $99,800 | $47.98 |
| 3 | Aetna | $92,714 | $44.57 |
| 4 | Legal & General Investment Management America | $91,117 | $43.81 |
| 5 | BERKLEY TECHNOLOGY SERVICES | $82,185 | $39.51 |
| 6 | HCSC | $82,161 | $39.50 |
| 7 | Nationwide | $81,595 | $39.23 |
| 8 | Reinsurance Group of America | $80,790 | $38.84 |
| 9 | Gallagher | $79,916 | $38.42 |
| 10 | Transamerica Corporation | $79,614 | $38.28 |
| 11 | EMC Insurance | $79,379 | $38.16 |
| 12 | Liberty Mutual Insurance | $78,214 | $37.60 |
| 13 | MetLife | $78,040 | $37.52 |
| 14 | Munich Reinsurance America, Inc. | $77,973 | $37.49 |
| 15 | Prudential Financial | $77,438 | $37.23 |
| 16 | Clinical Reference Laboratory | $77,190 | $37.11 |
| 17 | CNA Insurance | $76,426 | $36.74 |
| 18 | Swiss Reinsurance America Corporation | $75,683 | $36.39 |
| 19 | Elevance Health | $75,532 | $36.31 |
| 20 | Prudential Bank | $75,515 | $36.31 |
Wage gap by gender, race and education
Underwriting Consultant salary by industry
The average underwriting consultant salary varies across industries:
- The average underwriting consultant salary in the health care industry is $86,694, the highest of any industry.
- The average underwriting consultant salary in the finance industry is $76,428.
- Underwriting consultants in the manufacturing industry earn an average salary of $69,320, the lowest of any industry.
Highest paying industries for underwriting consultants
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Health Care | $86,694 | $41.68 |
| 2 | Finance | $76,428 | $36.74 |
| 3 | Insurance | $74,184 | $35.67 |
| 4 | Manufacturing | $69,320 | $33.33 |
High paying underwriting consultant jobs
Underwriting consultant salary trends
The average underwriting consultant salary has risen by $10,945 over the last ten years. In 2014, the average underwriting consultant earned $60,748 annually, but today, they earn $71,693 a year. That works out to a 6% change in pay for underwriting consultants over the last decade.
Compare underwriting consultant salaries for cities or states with the national average over time.
Average underwriting consultant salary over time
Compare underwriting consultant salaries for individual cities or states with the national average.
Underwriting consultant salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $71,700 | $34.47 | +2.5% |
| 2025 | $69,900 | $33.62 | +0.9% |
| 2024 | $69,300 | $33.31 | -0.5% |
| 2023 | $69,700 | $33.49 | +3.0% |
| 2022 | $67,600 | $32.49 | +3.9% |
Recently added underwriting consultant salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Continental Casualty Company | Underwriting Consultant, National Accounts Casualty-Wholesale | Ione, CA | 06/30/2025 | $72,000 |
| Northwestern Mutual | Underwriting Consultant-Remote. | Franklin, WI | 06/29/2025 | $76,650 |
| Paragoncommunity | Group Underwriter Consultant Senior | Wallingford, CT | 06/29/2025 | $114,720 |
| Paragoncommunity | Group Underwriting Consultant Senior | Indianapolis, IN | 06/29/2025 | $100,380 |
| Unitedhealth Group | Senior Underwriting Consultant-Remote | Colorado Springs, CO | 06/28/2025 | $89,800 |
| Continental Casualty Company | Underwriting Consultant (Surety) | Fine, NY | 06/28/2025 | $72,000 |
| CNA Financial Corp | Underwriting Consultant, National Accounts Casualty-Wholesale | Scottsdale, AZ | 06/27/2025 | $72,000 |
| Unitedhealth Group Inc. | SR. Stop Loss Underwriting Consultant, E&I Underwriting | Hartford, CT | 06/27/2025 | $89,800 |
| CNA Financial Corp | Underwriting Consultant-Ocean Marine | Chicago, IL | 06/25/2025 | $72,000 |
| CNA Financial Corp | Underwriting Consultant-Ocean Marine | Overland Park, KS | 06/25/2025 | $72,000 |
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