As of April 01, 2025, the average annual salary for a VP of Underwriting in Carmel, IN is $239,227. Salary.com reports that pay typically ranges from $217,853 to $269,567, with most professionals earning between $198,394 and $297,189.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $269,567 | $22,464 | $5,184 | $130 |
| Average | $239,227 | $19,936 | $4,601 | $115 |
| 25th Percentile | $217,853 | $18,154 | $4,189 | $105 |
An entry-level VP of Underwriting with under 1 year experience makes about $226,148. With less than 2 years of experience, a mid-level VP of Underwriting makes around $228,062. After 2-4 years, the VP of Underwriting pay rises to about $229,657. Those senior VP of Underwriting with 5-8 years of experience earn roughly $232,209, and those VP of Underwriting having 8 years or more experience are expected to earn about $235,399 on average.
| Levels | Salary |
|---|---|
| Entry Level VP of Underwriting | $226,148 |
| Intermediate Level VP of Underwriting | $228,062 |
| Senior Level VP of Underwriting | $229,657 |
| Specialist Level VP of Underwriting | $232,209 |
| Expert Level VP of Underwriting | $235,399 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 7% |
| Top Level | 6% |
| Experienced | 4% |
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