Underwriter Salary

Average Yearly Salary
Updated May 19, 2020
$64,000
$41,000
Min 10%
$64,000
Median 50%
$98,000
Max 90%
Best Paying Company
Google
Highest Paying City
San Francisco, CA
Highest Paying State
Delaware
Average Experience Level
3.6 years
How much does an underwriter make?
The national average salary for an Underwriter in the United States is $64,390 per year or $30.96 per hour. The top 10 percent of earners make over $98,000 annually, whereas the bottom 10 percent of earners make under $41,000 per year. Finance companies and Insurance companies are the best when it comes to the number of employment opportunities. The best states for high paying Underwriter jobs are Delaware, Rhode Island, Connecticut, Nevada, and Maryland. The typical tenure for an Underwriter is 3.6 years.
Annual Salaries For Related Jobs

Average Underwriter Salary By Location

Across America, Underwriters make on average $64,390 annually or $30.96 hourly. Working in San Francisco, CA as an Underwriter will pay you the highest wages at around $75,029 per year. Even as an entry-level Underwriter, you will make $49,000 per year in San Francisco, CA. The top 5 states with the highest reported Underwriter salaries are Delaware, Rhode Island, Connecticut, Nevada, and Maryland. On the other hand, Minnesota, Wyoming, Florida, Illinois, and Iowa report the lowest wages for Underwriters.

Map of Underwriter Salaries

The darker areas on the map show where Underwriters earn the highest salaries across all 50 states.

Average Salary:

Average Underwriter Salary By Company

Underwriter jobs offer good job security, but the wages reported in some industries are higher than others. Finance companies and Insurance companies have the most job opportunities for Underwriters. The two companies that report the highest salaries for Underwriters are Google and BNP Paribas. Companies like Union Bank and HSBC North America Holdings also pay high salaries to their Underwriters.

Underwriter Salary History

Compare salaries for individual cities or states with the national average.

National Average
Ashburn, VA

Underwriter Salary By Experience Level

The salary for an Underwriter can range from $38,565 to $95,656 depending on the amount of work experience that the person has. Data on how experience level affects salary is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Recently Added Underwriter Salaries

CompanyJobLocationDate AddedSalary
Consumer Mortgage Loan Underwriter (Safe) 3-Conforming
Consumer Mortgage Loan Underwriter (Safe) 3-Conforming
04/28/2020
04/28/2020
$61,300
$61,300
Consumer Mortgage Loan Underwriter (Safe) 2-Conforming
Consumer Mortgage Loan Underwriter (Safe) 2-Conforming
04/24/2020
04/24/2020
$41,800
$41,800
Mortgage Loan Underwriter
Mortgage Loan Underwriter
04/24/2020
04/24/2020
$29,218
$29,218
Underwriter
Underwriter
04/18/2020
04/18/2020
$33,392
$33,392
Lead Underwriter
Lead Underwriter
04/17/2020
04/17/2020
$90,000
$90,000
Title Underwriter
Title Underwriter
04/16/2020
04/16/2020
$50,000
$50,000
Underwriter II
Underwriter II
04/15/2020
04/15/2020
$64,000
$64,000
Underwriter
Underwriter
04/15/2020
04/15/2020
$53,000
$53,000
Underwriter
Underwriter
04/13/2020
04/13/2020
$52,000
$52,000
Conventional Underwriter-Remote
Conventional Underwriter-Remote
04/13/2020
04/13/2020
$70,000
$70,000