The salary of an Underwriting Manager in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of March 01, 2025, the average annual salary for an Underwriting Manager in the United States is $135,274. Salary.com reports that pay typically ranges from $117,215 to $158,422, with most professionals earning between $100,774 and $179,498.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $158,422 | $13,202 | $3,047 | $76 |
| Average | $135,274 | $11,273 | $2,601 | $65 |
| 25th Percentile | $117,215 | $9,768 | $2,254 | $56 |
An entry-level Underwriting Manager with less than 1 year of experience earns about $126,963. With 1-2 years of experience, the average salary increases to $127,761. For 2-4 years of experience, the pay typically rises to $129,625. Senior-level professionals with 5-8 years of experience earn around $131,755, and those with over 8 years of experience can expect an average of $136,008.
| Levels | Salary |
|---|---|
| Entry Level Underwriting Manager | $126,963 |
| Intermediate Level Underwriting Manager | $127,761 |
| Senior Level Underwriting Manager | $129,625 |
| Specialist Level Underwriting Manager | $131,755 |
| Expert Level Underwriting Manager | $136,008 |
| Entry Level | 6% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 3% |
| Experienced | 1% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Underwriting Manager compensation over the past six years. For example, the median salary increased from $119,242 in 2023 to approximately $118,085 in 2024. (For a detailed analysis of Underwriting Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Underwriting Manager information for you to search for. Click on search button below to see Underwriting Manager job openings or enter a new job title here.
Here are companies hiring for Underwriting Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $135,274 | 65.0% | ||
| Bonus | $18,996 | 9.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $11,802 | 5.7% | ||
| 401K/403B | $7,251 | 3.5% | ||
| Disability | $1,234 | 0.6% | ||
| Healthcare | $6,056 | 2.9% | ||
| Pension | $8,485 | 4.1% | ||
| Time Off | $18,987 | 9.1% | ||
| Total Compensation | $208,084 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.5% |
| High School | 12.7% |
| Associates | 9.8% |
| Bachelors | 51.2% |
| Masters | 24.4% |
| Doctorate | 1.5% |
What Am I Worth?
The average annual salary of Underwriting Manager is $135,274. In case you are finding an easy salary calculator, the average hourly pay of Underwriting Manager is $65; the average weekly pay of Underwriting Manager is $2,601; the average monthly pay of Underwriting Manager is $11,273.
An Underwriting Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Underwriting Manager earns the most in San Jose, CA, where the annual salary of an Underwriting Manager is $169,769.
The highest pay for Underwriting Manager is $179,498.
The lowest pay for Underwriting Manager is $100,774.
Underwriting Manager manages daily operations of the underwriting process. Implements underwriting strategy and operational policies for product lines. Being an Underwriting Manager oversees the review and approval process for decisions and recommendations related to complex cases. Defines and establishes procedures for risk criteria, application and renewal, and acceptance and rejection. Additionally, Underwriting Manager develops underwriting team expertise with coaching, support and educational programs. Requires a bachelor's degree. Typically reports to a senior manager. The Underwriting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Underwriting Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.
Wholesale: Buying and selling products in large quantities at a lower price to increase profitability through a high sales volume.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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