Underwriter demographics and statistics in the US
Underwriter demographics research summary. Zippia estimates underwriter demographics and statistics in the United States by using a database of 30 million profiles. Our underwriter estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about underwriters after extensive research and analysis:
- There are over 105,409 underwriters currently employed in the United States.
- 61.6% of all underwriters are women, while 38.4% are men.
- The average underwriter age is 44 years old.
- The most common ethnicity of underwriters is White (72.7%), followed by Hispanic or Latino (9.6%), Black or African American (9.2%) and Asian (5.6%).
- Underwriters are most in-demand in New York, NY.
- Boston, MA pays an annual average wage of $82,491, the highest in the US.
- In 2022, women underwriters earned 96% of what men earned.
- New York is the best state for underwriters to live.
- Underwriters are 65% more likely to work at private companies in comparison to public companies.
On this page
Underwriter demographics by:
Underwriter gender statistics
61.6% of underwriters are women and 38.4% of underwriters are men.
- Female, 61.6%
- Male, 38.4%
Underwriter gender ratio
| Gender | Percentages |
|---|---|
| Female | 61.6% |
| Male | 38.4% |
Underwriter gender pay gap
Women earn 96¢ for every $1 earned by men
Male income
$63,492
Female income
$61,192
Underwriter gender ratio over time
This data breaks down the percentage of men and women in underwriter positions over time. Currently, 61.6% of underwriters are female.
Underwriter gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 29.84% | 70.16% |
| 2011 | 33.17% | 66.83% |
| 2012 | 31.81% | 68.19% |
| 2013 | 34.70% | 65.30% |
| 2014 | 33.82% | 66.18% |
| 2015 | 36.56% | 63.44% |
| 2016 | 37.70% | 62.30% |
| 2017 | 35.66% | 64.34% |
| 2018 | 37.64% | 62.36% |
| 2019 | 41.89% | 58.11% |
| 2020 | 35.63% | 64.37% |
| 2021 | 38.41% | 61.59% |
Underwriter related jobs gender ratio
We compared underwriters with similar job titles to see how gender ratios vary. As you can see, renewable energy system finance specialist and chartered finance analyst have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Escrow Officer | 15% | 85% |
| Customs Verifier | 20% | 80% |
| Credit Assistant | 20% | 80% |
| Underwriter | 38% | 62% |
| Head Analyst | 86% | 14% |
| Chartered Finance Analyst | 90% | 10% |
| Renewable Energy System Finance Specialist | 92% | 8% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Underwriter demographics by race
The most common ethnicity among underwriters is White, which makes up 72.7% of all underwriters. Comparatively, 9.6% of underwriters are Hispanic or Latino and 9.2% of underwriters are Black or African American.
- White, 72.7%
- Hispanic or Latino, 9.6%
- Black or African American, 9.2%
- Asian, 5.6%
- Unknown, 2.5%
- American Indian and Alaska Native, 0.4%
Underwriter race
| Underwriter race | Percentages |
|---|---|
| White | 72.7% |
| Hispanic or Latino | 9.6% |
| Black or African American | 9.2% |
| Asian | 5.6% |
| Unknown | 2.5% |
| American Indian and Alaska Native | 0.4% |
Underwriter race and ethnicity over time
See how underwriter racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Underwriter race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.52% | 9.73% | 5.45% | 8.47% |
| 2011 | 74.07% | 10.92% | 4.56% | 8.65% |
| 2012 | 72.40% | 10.66% | 6.00% | 9.70% |
| 2013 | 73.85% | 10.40% | 6.03% | 7.64% |
| 2014 | 73.29% | 11.39% | 4.56% | 9.03% |
| 2015 | 71.80% | 11.25% | 5.37% | 9.66% |
| 2016 | 70.72% | 11.89% | 4.97% | 10.28% |
| 2017 | 71.58% | 8.88% | 7.67% | 9.96% |
| 2018 | 72.19% | 8.97% | 7.09% | 9.78% |
| 2019 | 71.35% | 10.25% | 6.44% | 9.70% |
| 2020 | 69.85% | 10.32% | 5.21% | 10.99% |
| 2021 | 72.73% | 9.16% | 5.64% | 9.63% |
Underwriter wage gap by race
According to our data, unknown underwriters have the highest average salary compared to other ethnicities. Black or african american underwriters have the lowest average salary at $58,341.
| Ethnicity | Salary |
|---|---|
| Unknown | $66,877 |
| White | $65,002 |
| Black or African American | $58,341 |
| Asian | $64,747 |
| Hispanic or Latino | $62,836 |
Average underwriter age
See how the average age of underwriters varies based on ethnicity and gender.
Male
Female
Underwriter age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 45 | |
| White | 38 | 47.5 |
| Black or African American | 45.5 | 50.5 |
| Asian | 38 | 41 |
| Hispanic or Latino | 40.5 | 47.5 |
Underwriter age breakdown
The average age of underwriters is 40+ years years old, representing 61% of the underwriter population.
Underwriter age breakdown
| Underwriter Years | Percentages |
|---|---|
| 40+ years | 61% |
| 30-40 years | 27% |
| 20-30 years | 11% |
Underwriter educational attainment
The most common degree for underwriters is bachelor's degree, with 66% of underwriters earning that degree. The second and third most common degree levels are associate degree degree at 15% and associate degree degree at 7%.
- Bachelor's, 66%
- Associate, 15%
- High School Diploma, 7%
- Master's, 7%
- Other Degrees, 5%
Underwriters by degree level
| Underwriter degree | Percentages |
|---|---|
| Bachelor's | 66% |
| Associate | 15% |
| High School Diploma | 7% |
| Master's | 7% |
| Other Degrees | 5% |
Underwriter jobs you might like
Underwriter wage gap by degree level
According to the data, underwriters with a Master's degree earn more than those without, at $82,321 annually. With a Bachelor's degree, underwriters earn a median annual income of $69,182 compared to $52,260 for underwriters with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $82,321 |
| High School Diploma or Less | $50,712 |
| Bachelor's Degree | $69,182 |
| Some College/ Associate Degree | $52,260 |
Underwriter employment statistics
Most underwriters work for a private in the finance industry.
Company size where underwriters work
Below, you can see the size of companies where underwriters work.
Underwriter jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 13% |
| 100 - 500 employees | 18% |
| 500 - 1,000 employees | 14% |
| 1,000 - 10,000 employees | 28% |
| > 10,000 employees | 22% |
Underwriter jobs by company type
Employees with the underwriter job title have their preferences when it comes to working for a company. For instance, most underwriters prefer to work at private companies over public companies.
Underwriter jobs by sector
| Company type | Percentages |
|---|---|
| Public | 33% |
| Private | 65% |
| Government | 2% |
Underwriter jobs by industry
The most common industries for underwriters are finance, insurance and professional.
Underwriter industry statistics
| Industry | Percentages |
|---|---|
| Finance | 40% |
| Insurance | 24% |
| Fortune 500 | 14% |
| Professional | 6% |
| Health Care | 2% |
| Real Estate | 2% |
| Technology | 2% |
| Media | 1% |
| Government | 1% |
| Automotive | 1% |
| Construction | 1% |
| Manufacturing | 1% |
| Hospitality | 1% |
| Retail | 1% |
| Telecommunication | 1% |
| Start-up | 1% |
| Non Profits | 1% |
Underwriter turnover and employment statistics
Underwriter unemployment rate over time
The unemployment rate for underwriters between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Underwriter unemployment rate by year
| Year | Underwriter unemployment rate |
|---|---|
| 2010 | 3.82% |
| 2011 | 3.75% |
| 2012 | 3.22% |
| 2013 | 3.64% |
| 2014 | 2.32% |
| 2015 | 1.60% |
| 2016 | 1.56% |
| 2017 | 2.16% |
| 2018 | 1.88% |
| 2019 | 1.22% |
| 2020 | 1.67% |
| 2021 | 2.13% |
Average underwriter tenure
The average underwriter stays at their job for 1-2 years, based on the 29,899 underwriters resumes in Zippia's database.
Underwriter tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 21% |
| 1-2 years | 38% |
| 3-4 years | 15% |
| 5-7 years | 13% |
| 8-10 years | 6% |
| 11+ years | 7% |
Underwriter LGBT ratio compared to similar jobs
Review the percent of underwriters that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Investment Banking Internship | 7.33% | 62,819 |
| Field Tax Auditor | 7.40% | 88,457 |
| Income Tax Advisor | 7.56% | 65,420 |
| Customs Examiner | 7.65% | 3,143 |
| Underwriter | 8.77% | - |
| Budget Coordinator | 12.94% | 23,021 |
| Examining Officer | 19.38% | 55,872 |
Similar underwriter jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Investment Banking Internship | 7.33% | 62,819 |
| Field Tax Auditor | 7.40% | 88,457 |
| Income Tax Advisor | 7.56% | 65,420 |
| Customs Examiner | 7.65% | 3,143 |
| Budget Coordinator | 12.94% | 23,021 |
| Examining Officer | 19.38% | 55,872 |
Foreign languages spoken by underwriters
The most common foreign language among underwriters is Spanish at 63.8%. The second-most popular foreign language spoken is French at 5.5% and Chinese is the third-most popular at 3.8%.
- Spanish, 63.8%
- French, 5.5%
- Chinese, 3.8%
- Mandarin, 3.6%
- Carrier, 2.9%
- Other, 20.4%
Underwriter languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 63.8% |
| French | 5.5% |
| Chinese | 3.8% |
| Mandarin | 3.6% |
| Carrier | 2.9% |
| Other | 20.4% |
