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Average Salaries for

This estimated salary is an approximation based on compensation data points gathered from similar job postings or existing salaries for the same or similar job title within the same market. Average salary insights are based on aggregate data and are not specific to any individual job posting.

Underwriter

National
$68,000
VA
$86,000

Recent Job Postings

Underwriter
JLL | Richmond, VA 2 weeks ago

Commercial Underwriter
Virginia Farm Bureau | Richmond, VA 4 weeks ago

Consumer Loan Underwriter
Aerotek | Herndon, VA 5 days ago

Business Banking Underwriter II
Union Bank & Trust | Richmond, VA 3 weeks ago

View All Jobs

Underwriter

An underwriter analyzes loan-related risks for a financial institution.

A typical day in the life of an underwriter might include:

  • Seeking out loan clients, analyzing risk and profitability, and assessing liability
  • Approving loans and presenting decisions to executives
  • Maintaining an understanding of institutional policies and industry-wide financial regulations.

Average Salaries for

This estimated salary is an approximation based on compensation data points gathered from similar job postings or existing salaries for the same or similar job title within the same market. Average salary insights are based on aggregate data and are not specific to any individual job posting.

Underwriter

National
$68,000
VA
$86,000

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Recent Job Postings

Underwriter
JLL | Richmond, VA 2 weeks ago

Commercial Underwriter
Virginia Farm Bureau | Richmond, VA 4 weeks ago

Consumer Loan Underwriter
Aerotek | Herndon, VA 5 days ago

Business Banking Underwriter II
Union Bank & Trust | Richmond, VA 3 weeks ago

View All Jobs

Top Pay by Location

These cities have the highest paying median for Underwriter
New York, NY
$93,000
Charlotte, NC
$90,000
Arlington Heights, IL
$80,000
Northbrook, IL
$79,500
Schaumburg, IL
$79,500
Chicago, IL
$79,500
Los Angeles, CA
$77,500
Scottsdale, AZ
$75,000
Salary information is calculated from job seeker profiles and job postings. Both hourly and yearly wages could be reported.

A typical day in the life of an underwriter might include:

  • Seeking out loan clients, analyzing risk and profitability, and assessing liability
  • Approving loans and presenting decisions to executives
  • Maintaining an understanding of institutional policies and industry-wide financial regulations.

Insider Tips

An Underwriter is typically paid an average salary of around $68,000 annually. Professionals who have prior experience with underwriting and advanced understanding of credit, loans, and federal regulations can generally qualify for higher paying positions in this field. Underwriters with strong skills in financial analysis, data analysis, risk management, and insurance can also advance in this industry. Most underwriters continue to earn progressively higher salaries as they gain experience, and some move on to more specialized positions as underwriting supervisors or account managers, as they advance.