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Underwriting Internship Careers

The idea of taking an underwriting internship is to gain real-life experience in underwriting and boost your portfolio. As an intern, you will be required to follow instructions, take notes and observe. Most employers who give room for underwriting interns expect the interns to contribute largely to work being done. In simpler terms, you will be expected to work as an underwriter in analyzing business risks, recommending policies to be written for customers, and determining the coverage that the company should take. An underwriting internship is a good opportunity to learn from experienced underwriters, especially on how to develop a profitable commercial book of business.

Underwriters play a very key role in the financial world, and as such, insurance companies, mortgage companies, and equity markets are always looking to hire more hands, especially as interns. A bachelor's degree is most commonly preferred, even if you aren't done with school. You will also be required to demonstrate skills in underwriting, excellent oral and verbal communication skills, and risk management. An average underwriting intern earns $20.01 an hour, which amounts to $41,626 a year.

There is more than meets the eye when it comes to being an underwriting internship. For example, did you know that they make an average of $20.01 an hour? That's $41,626 a year!

Between 2018 and 2028, the career is expected to grow -5% and produce -5,400 job opportunities across the U.S.

What Does an Underwriting Internship Do

There are certain skills that many underwriting interns have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, detail oriented and math skills.

When it comes to the most important skills required to be an underwriting internship, we found that a lot of resumes listed 20.9% of underwriting interns included internship program, while 17.7% of resumes included risk management, and 11.5% of resumes included underwriting guidelines. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the underwriting internship job title. But what industry to start with? Most underwriting interns actually find jobs in the insurance and finance industries.

How To Become an Underwriting Internship

If you're interested in becoming an underwriting internship, one of the first things to consider is how much education you need. We've determined that 72.3% of underwriting interns have a bachelor's degree. In terms of higher education levels, we found that 6.3% of underwriting interns have master's degrees. Even though most underwriting interns have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an underwriting internship. When we researched the most common majors for an underwriting internship, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on underwriting internship resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become an underwriting internship. In fact, many underwriting internship jobs require experience in a role such as internship. Meanwhile, many underwriting interns also have previous career experience in roles such as sales associate or finance internship.

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Average Salary
$41,626
Average Salary
Job Growth Rate
-5%
Job Growth Rate
Job Openings
23,225
Job Openings

Underwriting Internship Career Paths

Top Careers Before Underwriting Internship

Top Careers After Underwriting Internship

Analyst
6.7 %

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Underwriting Internship

Underwriting Interns in America make an average salary of $41,626 per year or $20 per hour. The top 10 percent makes over $80,000 per year, while the bottom 10 percent under $21,000 per year.
Average Salary
$41,626

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Underwriting Intern
Underwriting Intern
Intermountain Healthcare
Intermountain Healthcare
03/25/2021
03/25/2021
$31,30503/25/2021
$31,305
Commercial Title Underwriting Graduate Intern
Commercial Title Underwriting Graduate Intern
First American Financial
First American Financial
12/09/2020
12/09/2020
$45,91412/09/2020
$45,914
Underwriting Intern
Underwriting Intern
National Indemnity Company
National Indemnity Company
09/05/2020
09/05/2020
$25,04409/05/2020
$25,044
Loss Prevention/Underwriting Internship-Summer 2020
Loss Prevention/Underwriting Internship-Summer 2020
Protective Insurance Corporation
Protective Insurance Corporation
03/28/2020
03/28/2020
$27,13103/28/2020
$27,131
Underwriting Intern
Underwriting Intern
IFG Companies
IFG Companies
02/15/2020
02/15/2020
$37,56602/15/2020
$37,566

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Underwriting Internship Demographics

Gender

male

58.4 %

female

31.2 %

unknown

10.4 %

Ethnicity

White

72.8 %

Hispanic or Latino

10.4 %

Black or African American

7.4 %

Foreign Languages Spoken

Spanish

31.1 %

Chinese

12.2 %

Mandarin

11.1 %
See More Demographics

Underwriting Internship Education

Majors

Business
24.5 %
Finance
18.3 %
Economics
10.1 %

Degrees

Bachelors

72.3 %

Certificate

11.1 %

Masters

6.3 %

Top Colleges for Underwriting Internships

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

7. Florida State University

Tallahassee, FL • Public

In-State Tuition
$5,656
Enrollment
32,072

8. University of Wisconsin - Madison

Madison, WI • Public

In-State Tuition
$10,555
Enrollment
30,360

9. University of California - Los Angeles

Los Angeles, CA • Public

In-State Tuition
$13,226
Enrollment
31,568

10. Ball State University

Muncie, IN • Public

In-State Tuition
$9,896
Enrollment
15,529
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Underwriting Internship

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.9% of underwriting interns listed internship program on their resume, but soft skills such as analytical skills and detail oriented are important as well.

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Top Underwriting Internship Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ underwriting interns and discovered their number of underwriting internship opportunities and average salary. Through our research, we concluded that Philadelphia Insurance Companies was the best, especially with an average salary of $25,125. Liberty Mutual follows up with an average salary of $38,515, and then comes American International Group with an average of $38,208. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as an underwriting internship. The employers include Chubb Limited, Allianz of America, and Combined Insurance

1. Philadelphia Insurance Companies
4.8
Avg. Salary: 
$25,125
Underwriting Internships Hired: 
23+
2. Liberty Mutual
4.7
Avg. Salary: 
$38,515
Underwriting Internships Hired: 
18+
3. American International Group
4.8
Avg. Salary: 
$38,208
Underwriting Internships Hired: 
16+
4. Travelers
4.8
Avg. Salary: 
$29,453
Underwriting Internships Hired: 
16+
5. State Farm
4.6
Avg. Salary: 
$33,463
Underwriting Internships Hired: 
14+
6. Quicken Loans
4.8
Avg. Salary: 
$61,648
Underwriting Internships Hired: 
13+
Updated October 2, 2020