Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between underwriters and carriers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriter has an average salary of $61,751, which is higher than the $37,242 average annual salary of a carrier.
The top three skills for an underwriter include customer service, investor guidelines and mortgage loans. The most important skills for a carrier are logistics, newspapers, and delivery sequence.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
The duties of a carrier primarily depend on their industry or organization of employment. In the logistics industry, a carrier is responsible for delivering goods in a timely and efficient manner. Their tasks usually include traveling to different areas to deliver or pick-up packages, handling documentation, coordinating with logistics managers, and communicating with the clients to answer any inquiries or provide delivery updates. Moreover, a carrier performs regular vehicle maintenance checks and complies with traffic rules and regulations for a smooth and efficient workflow.
Underwriters and carriers have different pay scales, as shown below.
| Underwriter | Carrier | |
| Average salary | $61,751 | $37,242 |
| Salary range | Between $39,000 And $96,000 | Between $19,000 And $69,000 |
| Highest paying City | Boston, MA | Cupertino, CA |
| Highest paying state | Massachusetts | Oregon |
| Best paying company | Meta | |
| Best paying industry | Manufacturing | Professional |
There are a few differences between an underwriter and a carrier in terms of educational background:
| Underwriter | Carrier | |
| Most common degree | Bachelor's Degree, 66% | High School Diploma, 33% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between underwriters' and carriers' demographics:
| Underwriter | Carrier | |
| Average age | 44 | 49 |
| Gender ratio | Male, 38.4% Female, 61.6% | Male, 61.7% Female, 38.3% |
| Race ratio | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% | Black or African American, 10.9% Unknown, 4.3% Hispanic or Latino, 16.7% Asian, 6.5% White, 61.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 9% |