As of April 01, 2025, the average annual salary for an Underwriter V in Newark, NJ is $170,220. According to Salary.com, salaries can range from a low of $120,364 to a high of $228,346, with most professionals earning between $144,123 and $200,645.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $177,186 | $14,765 | $3,407 | $85 |
| Average | $150,318 | $12,526 | $2,891 | $72 |
| 25th Percentile | $127,272 | $10,606 | $2,448 | $61 |
An entry-level Underwriter V with under 1 year experience makes about $157,355. With less than 2 years of experience, a mid-level Underwriter V makes around $159,273. After 2-4 years, the Underwriter V pay rises to about $160,040. Those senior Underwriter V with 5-8 years of experience earn roughly $163,877, and those Underwriter V having 8 years or more experience are expected to earn about $166,946 on average.
| Levels | Salary |
|---|---|
| Entry Level Underwriter V | $157,355 |
| Intermediate Level Underwriter V | $159,273 |
| Senior Level Underwriter V | $160,040 |
| Specialist Level Underwriter V | $163,877 |
| Expert Level Underwriter V | $166,946 |
| Entry Level | 5% |
| Mid Level | 6% |
| Senior Level | 6% |
| Top Level | 9% |
| Experienced | 11% |
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