Underwriting specialist demographics and statistics in the US
Underwriting specialist demographics research summary. Zippia estimates underwriting specialist demographics and statistics in the United States by using a database of 30 million profiles. Our underwriting specialist estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about underwriting specialists after extensive research and analysis:
- There are over 4,123 underwriting specialists currently employed in the United States.
- 61.0% of all underwriting specialists are women, while 39.0% are men.
- The average underwriting specialist age is 44 years old.
- The most common ethnicity of underwriting specialists is White (72.4%), followed by Hispanic or Latino (10.0%), Black or African American (8.9%) and Asian (5.8%).
- Underwriting specialists are most in-demand in Chicago, IL.
- The finance industry is the highest-paying for underwriting specialists.
- Boston, MA pays an annual average wage of $98,387, the highest in the US.
- In 2022, women underwriting specialists earned 96% of what men earned.
- 9% of all underwriting specialists are LGBT.
- New York is the best state for underwriting specialists to live.
- Underwriting specialists are 69% more likely to work at private companies in comparison to public companies.
On this page
Underwriting specialist demographics by:
Underwriting specialist gender statistics
61.0% of underwriting specialists are women and 39.0% of underwriting specialists are men.
- Female, 61.0%
- Male, 39.0%
Underwriting specialist gender ratio
| Gender | Percentages |
|---|---|
| Female | 61.0% |
| Male | 39.0% |
Underwriting specialist gender pay gap
Women earn 96¢ for every $1 earned by men
Male income
$65,227
Female income
$62,715
Underwriting specialist gender ratio over time
This data breaks down the percentage of men and women in underwriting specialist positions over time. Currently, 61.0% of underwriting specialists are female.
Underwriting specialist gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 30.37% | 69.63% |
| 2011 | 33.73% | 66.27% |
| 2012 | 32.36% | 67.64% |
| 2013 | 35.28% | 64.72% |
| 2014 | 34.39% | 65.61% |
| 2015 | 37.15% | 62.85% |
| 2016 | 38.30% | 61.70% |
| 2017 | 36.24% | 63.76% |
| 2018 | 38.24% | 61.76% |
| 2019 | 42.51% | 57.49% |
| 2020 | 36.21% | 63.79% |
| 2021 | 39.01% | 60.99% |
Underwriting specialist related jobs gender ratio
We compared underwriting specialists 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% |
| Underwriting Specialist | 39% | 61% |
| 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%
Underwriting specialist demographics by race
The most common ethnicity among underwriting specialists is White, which makes up 72.4% of all underwriting specialists. Comparatively, 10.0% of underwriting specialists are Hispanic or Latino and 8.9% of underwriting specialists are Black or African American.
- White, 72.4%
- Hispanic or Latino, 10.0%
- Black or African American, 8.9%
- Asian, 5.8%
- Unknown, 2.5%
- American Indian and Alaska Native, 0.4%
Underwriting specialist race
| Underwriting specialist race | Percentages |
|---|---|
| White | 72.4% |
| Hispanic or Latino | 10.0% |
| Black or African American | 8.9% |
| Asian | 5.8% |
| Unknown | 2.5% |
| American Indian and Alaska Native | 0.4% |
Underwriting specialist race and ethnicity over time
See how underwriting specialist racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Underwriting specialist race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.20% | 9.48% | 5.59% | 8.88% |
| 2011 | 73.76% | 10.66% | 4.70% | 9.06% |
| 2012 | 72.08% | 10.41% | 6.14% | 10.11% |
| 2013 | 73.54% | 10.15% | 6.16% | 8.06% |
| 2014 | 72.97% | 11.14% | 4.70% | 9.44% |
| 2015 | 71.49% | 11.00% | 5.51% | 10.07% |
| 2016 | 70.40% | 11.63% | 5.10% | 10.70% |
| 2017 | 71.26% | 8.63% | 7.81% | 10.37% |
| 2018 | 71.88% | 8.71% | 7.23% | 10.19% |
| 2019 | 71.04% | 10.00% | 6.58% | 10.11% |
| 2020 | 69.54% | 10.07% | 5.35% | 11.41% |
| 2021 | 72.41% | 8.91% | 5.78% | 10.04% |
Underwriting specialist wage gap by race
According to our data, unknown underwriting specialists have the highest average salary compared to other ethnicities. Black or african american underwriting specialists have the lowest average salary at $59,611.
| Ethnicity | Salary |
|---|---|
| Unknown | $68,932 |
| White | $66,879 |
| Black or African American | $59,611 |
| Asian | $66,599 |
| Hispanic or Latino | $64,510 |
Average underwriting specialist age
See how the average age of underwriting specialists varies based on ethnicity and gender.
Male
Female
Underwriting specialist 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 |
Underwriting specialist age breakdown
The average age of underwriting specialists is 40+ years years old, representing 61% of the underwriting specialist population.
Underwriting specialist age breakdown
| Underwriting Specialist Years | Percentages |
|---|---|
| 40+ years | 61% |
| 30-40 years | 27% |
| 20-30 years | 11% |
Underwriting specialist educational attainment
The most common degree for underwriting specialists is bachelor's degree, with 73% of underwriting specialists earning that degree. The second and third most common degree levels are associate degree degree at 12% and associate degree degree at 7%.
- Bachelor's, 73%
- Associate, 12%
- High School Diploma, 7%
- Master's, 5%
- Other Degrees, 3%
Underwriting specialists by degree level
| Underwriting specialist degree | Percentages |
|---|---|
| Bachelor's | 73% |
| Associate | 12% |
| High School Diploma | 7% |
| Master's | 5% |
| Other Degrees | 3% |
Underwriting specialist jobs you might like
Underwriting specialist wage gap by degree level
According to the data, underwriting specialists with a Master's degree earn more than those without, at $85,986 annually. With a Bachelor's degree, underwriting specialists earn a median annual income of $71,463 compared to $53,023 for underwriting specialists with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $85,986 |
| High School Diploma or Less | $51,354 |
| Bachelor's Degree | $71,463 |
| Some College/ Associate Degree | $53,023 |
Underwriting specialist employment statistics
Most underwriting specialists work for a private in the insurance industry.
Company size where underwriting specialists work
Below, you can see the size of companies where underwriting specialists work.
Underwriting specialist jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 4% |
| 50 - 100 employees | 15% |
| 100 - 500 employees | 16% |
| 500 - 1,000 employees | 10% |
| 1,000 - 10,000 employees | 34% |
| > 10,000 employees | 22% |
Underwriting specialist jobs by company type
Employees with the underwriting specialist job title have their preferences when it comes to working for a company. For instance, most underwriting specialists prefer to work at private companies over public companies.
Underwriting specialist jobs by sector
| Company type | Percentages |
|---|---|
| Public | 29% |
| Private | 69% |
| Government | 2% |
Underwriting specialist jobs by industry
The most common industries for underwriting specialists are insurance, finance and professional.
Underwriting specialist industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 35% |
| Finance | 27% |
| Fortune 500 | 15% |
| Professional | 4% |
| Real Estate | 2% |
| Health Care | 2% |
| Technology | 2% |
| Hospitality | 2% |
| Retail | 2% |
| Start-up | 1% |
| Non Profits | 1% |
| Transportation | 1% |
| Government | 1% |
| Media | 1% |
| Manufacturing | 1% |
| Automotive | 1% |
| Agriculture | 1% |
| Telecommunication | 1% |
Underwriting specialist turnover and employment statistics
Underwriting specialist unemployment rate over time
The unemployment rate for underwriting specialists between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Underwriting specialist unemployment rate by year
| Year | Underwriting specialist 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 underwriting specialist tenure
The average underwriting specialist stays at their job for 1-2 years, based on the 1,273 underwriting specialists resumes in Zippia's database.
Underwriting specialist tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 13% |
| 1-2 years | 35% |
| 3-4 years | 17% |
| 5-7 years | 15% |
| 8-10 years | 8% |
| 11+ years | 12% |
Underwriting specialist LGBT ratio compared to similar jobs
Review the percent of underwriting specialists 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 |
|---|---|---|
| Senior Investment Analyst | 7.33% | 69,002 |
| Industrial Accountant | 7.40% | 42,226 |
| Income Tax Advisor | 7.56% | 65,420 |
| Tax Examiner | 7.65% | 40,004 |
| Underwriting Specialist | 8.77% | - |
| Cost Analyst | 12.94% | 60,034 |
| Community Reinvestment ACT Officer | 19.38% | 66,311 |
Similar underwriting specialist jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Senior Investment Analyst | 7.33% | 69,002 |
| Industrial Accountant | 7.40% | 42,226 |
| Income Tax Advisor | 7.56% | 65,420 |
| Tax Examiner | 7.65% | 40,004 |
| Cost Analyst | 12.94% | 60,034 |
| Community Reinvestment ACT Officer | 19.38% | 66,311 |
Foreign languages spoken by underwriting specialists
The most common foreign language among underwriting specialists is Spanish at 57.5%. The second-most popular foreign language spoken is French at 7.5% and Carrier is the third-most popular at 7.5%.
- Spanish, 57.5%
- French, 7.5%
- Carrier, 7.5%
- Chinese, 5.0%
- Italian, 5.0%
- Other, 17.5%
Underwriting specialist languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 57.5% |
| French | 7.5% |
| Carrier | 7.5% |
| Chinese | 5.0% |
| Italian | 5.0% |
| Other | 17.5% |
