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Senior underwriter salary
Average senior underwriter salary
$69,375
Average Senior Underwriter Salary
The average salary for a Senior Underwriter in the United States is approximately $69,375 per year, translating to around $33 per hour. Salaries can vary significantly based on geographical location, years of experience, and the specific industry within which the underwriter operates.
Factors Influencing Salary
In states with high demand for underwriters, such as California and New York, salaries can exceed the national average. Additionally, professionals with more experience or specialized skills in commercial underwriting often command higher wages. According to recent data, the highest-paying sectors include finance and insurance, where the complexity and stakes of underwriting are elevated.
Salary Growth Over Time
Over the years, the salary of senior underwriters has shown a steady increase, reflecting the growing importance of risk assessment in various industries. With continued education and certifications, underwriters can enhance their earning potential and career opportunities.
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Where can a Senior Underwriter earn more?
Senior underwriter salary estimates from across the web
Average senior underwriter salary by state
The highest-paying states for senior underwriters are New York, Massachusetts, and New Jersey. The lowest average senior underwriter salary states are Arkansas, Alabama, and Mississippi.
- State view
- County view
Highest paying states for senior underwriters
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $95,252 | $45.79 |
| 2 | Michigan | $74,508 | $35.82 |
| 3 | Delaware | $74,605 | $35.87 |
| 4 | Pennsylvania | $75,933 | $36.51 |
| 5 | Washington | $75,531 | $36.31 |
| 6 | New Jersey | $78,737 | $37.85 |
| 7 | Illinois | $71,850 | $34.54 |
| 8 | Massachusetts | $85,124 | $40.92 |
| 9 | Kansas | $67,617 | $32.51 |
| 10 | Indiana | $72,326 | $34.77 |
| 11 | Colorado | $72,842 | $35.02 |
| 12 | Connecticut | $74,377 | $35.76 |
| 13 | North Carolina | $67,495 | $32.45 |
| 14 | Texas | $66,909 | $32.17 |
| 15 | California | $75,021 | $36.07 |
| 16 | Arizona | $65,802 | $31.64 |
| 17 | North Dakota | $64,841 | $31.17 |
| 18 | Rhode Island | $65,629 | $31.55 |
| 19 | New Hampshire | $73,592 | $35.38 |
| 20 | Wisconsin | $70,237 | $33.77 |
| 21 | Ohio | $63,385 | $30.47 |
| 22 | Nevada | $64,593 | $31.05 |
| 23 | District of Columbia | $80,249 | $38.58 |
| 24 | Minnesota | $67,688 | $32.54 |
| 25 | Maine | $63,641 | $30.60 |
| 26 | South Dakota | $60,927 | $29.29 |
| 27 | Georgia | $68,099 | $32.74 |
| 28 | Oregon | $65,086 | $31.29 |
| 29 | Virginia | $71,560 | $34.40 |
| 30 | Utah | $60,474 | $29.07 |
| 31 | Maryland | $69,186 | $33.26 |
| 32 | Iowa | $60,278 | $28.98 |
| 33 | Vermont | $61,484 | $29.56 |
| 34 | Kentucky | $59,826 | $28.76 |
| 35 | Idaho | $59,712 | $28.71 |
| 36 | Wyoming | $56,280 | $27.06 |
| 37 | West Virginia | $60,541 | $29.11 |
| 38 | Missouri | $60,895 | $29.28 |
| 39 | Florida | $60,709 | $29.19 |
| 40 | New Mexico | $60,994 | $29.32 |
| 41 | Oklahoma | $60,975 | $29.31 |
| 42 | Montana | $58,519 | $28.13 |
| 43 | Tennessee | $57,557 | $27.67 |
| 44 | Nebraska | $56,374 | $27.10 |
| 45 | Hawaii | $45,246 | $21.75 |
| 46 | South Carolina | $54,431 | $26.17 |
| 47 | Mississippi | $51,909 | $24.96 |
| 48 | Alaska | $47,789 | $22.98 |
| 49 | Alabama | $52,149 | $25.07 |
| 50 | Louisiana | $51,628 | $24.82 |
| 51 | Arkansas | $53,120 | $25.54 |
Highest paying cities for senior underwriters
The highest-paying cities for senior underwriters are New York, NY, Boston, MA, and Washington, DC.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $95,512 | $45.92 |
| 2 | Boston, MA | $85,086 | $40.91 |
| 3 | Washington, DC | $80,309 | $38.61 |
| 4 | Jersey City, NJ | $78,893 | $37.93 |
| 5 | San Francisco, CA | $78,432 | $37.71 |
| 6 | Philadelphia, PA | $76,196 | $36.63 |
| 7 | Seattle, WA | $76,031 | $36.55 |
| 8 | Stamford, CT | $74,636 | $35.88 |
| 9 | Denver, CO | $72,797 | $35.00 |
| 10 | Chicago, IL | $72,336 | $34.78 |
| 11 | Indianapolis, IN | $72,167 | $34.70 |
| 12 | Richmond, VA | $71,476 | $34.36 |
| 13 | Baltimore, MD | $69,273 | $33.30 |
| 14 | Alpharetta, GA | $68,756 | $33.06 |
| 15 | Kansas City, KS | $67,969 | $32.68 |
| 16 | Minneapolis, MN | $67,689 | $32.54 |
| 17 | Irving, TX | $67,301 | $32.36 |
| 18 | Phoenix, AZ | $66,007 | $31.73 |
| 19 | Charlotte, NC | $65,953 | $31.71 |
| 20 | Portland, ME | $64,679 | $31.10 |
Senior underwriter salary details
A senior underwriter's salary ranges from $44,000 a year at the 10th percentile to $108,000 at the 90th percentile.
What is a senior underwriter's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $108,000 | $9,000 | $52 |
| 75th Percentile | $87,000 | $7,250 | $42 |
| Average | $69,375 | $5,781 | $33 |
| 25th Percentile | $54,000 | $4,500 | $26 |
| 10th Percentile | $44,000 | $3,667 | $21 |
Highest paying senior underwriter jobs
The highest paying types of senior underwriters are credit officer, senior credit analyst, and bank officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Loan Administrator | $42,859 | $3,572 | $20.61 | 63,708 |
| Loan Originator | $41,291 | $3,441 | $19.85 | 10,716 |
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Bank Officer | $79,562 | $6,630 | $38.25 | 69,880 |
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
| Loan Officer | $45,817 | $3,818 | $22.03 | 63,663 |
Top companies hiring senior underwriters now:
Which companies pay senior underwriters the most?
Senior underwriter salaries at Capital Group and BGC Partners are the highest-paying according to our most recent salary estimates. In addition, the average senior underwriter salary at companies like BNP Paribas and W. R. Berkley are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Capital Group | $112,978 | $54.32 |
| 2 | BGC Partners | $112,443 | $54.06 |
| 3 | BNP Paribas | $105,427 | $50.69 |
| 4 | W. R. Berkley | $105,131 | $50.54 |
| 5 | CVS Health | $103,768 | $49.89 |
| 6 | First Foundation | $101,695 | $48.89 |
| 7 | BNY Mellon | $99,886 | $48.02 |
| 8 | AIG | $99,106 | $47.65 |
| 9 | Chubb | $98,045 | $47.14 |
| 10 | Citi | $97,039 | $46.65 |
| 11 | Berkshire Hathaway | $96,547 | $46.42 |
| 12 | XL America Inc | $96,347 | $46.32 |
| 13 | BERKLEY TECHNOLOGY SERVICES | $95,981 | $46.14 |
| 14 | Axis | $95,532 | $45.93 |
| 15 | Odyssey Re | $92,384 | $44.42 |
| 16 | Swiss Reinsurance America Corporation | $92,179 | $44.32 |
| 17 | CyberCoders | $91,387 | $43.94 |
| 18 | Berkley Fire & Marine | $91,087 | $43.79 |
| 19 | Voya Financial | $90,993 | $43.75 |
| 20 | Ryan Specialty Group | $90,884 | $43.69 |
Wage gap by gender, race and education
Senior underwriter salary trends
The average senior underwriter salary has risen by $10,591 over the last ten years. In 2014, the average senior underwriter earned $58,784 annually, but today, they earn $69,375 a year. That works out to a 6% change in pay for senior underwriters over the last decade.
Compare senior underwriter salaries for cities or states with the national average over time.
Average senior underwriter salary over time
Compare senior underwriter salaries for individual cities or states with the national average.
Senior underwriter salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $69,400 | $33.35 | +2.5% |
| 2024 | $67,700 | $32.53 | +0.9% |
| 2023 | $67,000 | $32.23 | -0.5% |
| 2022 | $67,400 | $32.41 | +3.0% |
| 2021 | $65,400 | $31.44 | +3.9% |
Recently added senior underwriter salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Amtrust Financial Services, Inc. | Senior Underwriter | Irvine, CA | 06/29/2025 | $100,000 |
| First American Financial | Senior Underwriter (Remote In ID and MT) | Meridian, ID | 06/29/2025 | $109,600 |
| Huntington | Senior Credit Underwriter-Distribution Finance | Schaumburg, IL | 06/29/2025 | $63,000 |
| Everest Global Services | Senior Underwriter, Wholesale Excess Construction | Warren, NJ | 06/29/2025 | $120,000 |
| Chubb | Senior Underwriter, Property | Washington, DC | 06/29/2025 | $100,000 |
| R t Specialty, LLC | Underwriter/Senior Underwriter | New York, NY | 06/29/2025 | $140,000 |
| Get It-Finance | Government Underwriter Senior Remote | WFH | Irvine, CA | 06/29/2025 | $40,000 |
| Ascot | Senior Underwriter, Professional Liability-Healthcare | New York, NY | 06/29/2025 | $110,000 |
| Metropolitan Commercial Bank | Senior Credit Underwriter | New York, NY | 06/29/2025 | $150,000 |
| Get It-Real Estate | Government Underwriter Senior Remote | WFH | Irvine, CA | 06/29/2025 | $83,003 |
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