As of May 01, 2025, the average annual salary for a VP of Underwriting in Watertown, SD is $219,755. Salary.com reports that pay typically ranges from $200,121 to $247,625, with most professionals earning between $182,245 and $272,999.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $247,625 | $20,635 | $4,762 | $119 |
| Average | $219,755 | $18,313 | $4,226 | $106 |
| 25th Percentile | $200,121 | $16,677 | $3,848 | $96 |
An entry-level VP of Underwriting with under 1 year experience makes about $207,740. With less than 2 years of experience, a mid-level VP of Underwriting makes around $209,498. After 2-4 years, the VP of Underwriting pay rises to about $210,964. Those senior VP of Underwriting with 5-8 years of experience earn roughly $213,308, and those VP of Underwriting having 8 years or more experience are expected to earn about $216,239 on average.
| Levels | Salary |
|---|---|
| Entry Level VP of Underwriting | $207,740 |
| Intermediate Level VP of Underwriting | $209,498 |
| Senior Level VP of Underwriting | $210,964 |
| Specialist Level VP of Underwriting | $213,308 |
| Expert Level VP of Underwriting | $216,239 |
| Entry Level | 16% |
| Mid Level | 15% |
| Senior Level | 14% |
| Top Level | 13% |
| Experienced | 12% |
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