As of April 01, 2025, the average annual salary for an Underwriter V in Grand Rapids, MI is $127,619. According to Salary.com, salaries can range from a low of $101,640 to a high of $155,498, with most professionals earning between $114,021 and $142,212.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $142,212 | $11,851 | $2,735 | $68 |
| Average | $127,619 | $10,635 | $2,454 | $61 |
| 25th Percentile | $114,021 | $9,502 | $2,193 | $55 |
An entry-level Underwriter V with under 1 year experience makes about $122,139. With less than 2 years of experience, a mid-level Underwriter V makes around $123,154. After 2-4 years, the Underwriter V pay rises to about $123,560. Those senior Underwriter V with 5-8 years of experience earn roughly $125,590, and those Underwriter V having 8 years or more experience are expected to earn about $127,213 on average.
| Levels | Salary |
|---|---|
| Entry Level Underwriter V | $122,139 |
| Intermediate Level Underwriter V | $123,154 |
| Senior Level Underwriter V | $123,560 |
| Specialist Level Underwriter V | $125,590 |
| Expert Level Underwriter V | $127,213 |
| Entry Level | 8% |
| Mid Level | 8% |
| Senior Level | 7% |
| Top Level | 6% |
| Experienced | 5% |
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