Salary AI Book a Demo
upper level job

Underwriting Senior Manager Salary in the United States

How much does an Underwriting Senior Manager make in the United States?

As of August 01, 2026, the average salary for an Underwriting Senior Manager in the United States is $163,008 per year, which breaks down to an hourly rate of $78.

However, an Underwriting Senior Manager's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $182,944
  • Majority Range (25th-75th percentile): $148,024 to $173,443
  • Entry-Level (10th percentile): $134,382
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Underwriting Senior Manager Salaries

An Underwriting Senior Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Underwriting Senior Manager Salaries?

Experience is a primary driver of an Underwriting Senior Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Underwriting Supervisor (3-5 years): $104,485
  • Underwriting Manager (5+ years): $119,597
  • Underwriting Senior Manager (5+ years): $163,008
  • Underwriting Director (5+ years): $196,645
  • VP of Underwriting (5+ years): $261,982
Job Role Years of Experience Average Salary
Underwriting Supervisor3-5 years$104,485
Underwriting Manager5+ years$119,597
Underwriting Senior Manager5+ years$163,008
Underwriting Director5+ years$196,645
VP of Underwriting5+ years$261,982
View as Graph

How Do Underwriting Senior Managers Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Underwriting Senior Managers. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $180,482.
  • California: $179,798.
  • Massachusetts: $177,402.

Top Paying Cities for Underwriting Senior Manager

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $205,602
  • San Francisco: $203,351
  • Oakland: $199,065

Underwriting Senior Manager Salary by Company Size: Startups vs. Enterprise

Underwriting Senior Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $176,368. While startup companies pay approximate $149,441.

Underwriting Senior Manager Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $149,441
Growth Stage 51~500 $158,002
Established 501~5000 $170,364
Enterprise 5000+ $176,368

Underwriting Senior Manager Salary by Industry: Top Paying Sectors

For Underwriting Senior Manager roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 30% above the average. In contrast, Underwriting Senior Manager positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Underwriting Senior Manager as a support function rather than a direct revenue driver.

The top paying industries for an Underwriting Senior Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$211,910$102.030%
Insurance$195,610$94.020%
Healthcare$179,309$86.010%

Underwriting Senior Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Underwriting Senior Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026
$148,024
Average $163,008/year
$173,443
$12,335
Average $13,584/month
$14,454
$2,847
Average $3,135/week
$3,335
$71
Average $78/hour
$83
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $173,443 $14,454 $3,335 $83
Average $163,008 $13,584 $3,135 $78
25th Percentile $148,024 $12,335 $2,847 $71

Underwriting Senior Manager Salary Growth & Career Path

Underwriting Senior Manager

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Underwriting Senior Manager, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Underwriting Director - Life $163,383 0%
Underwriting Director - Complex Medical $163,383 0%
Underwriting Director - P&C $222,692 37%
Underwriting Director $196,645 21%

Most common benefits for Underwriting Senior Manager

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Underwriting Senior Manager

Here are companies hiring for Underwriting Senior Manager and their salaries, click below for more details.

Find Your Next Underwriting Senior Manager Job

Ready to take the next step in your career? Browse thousands of current Underwriting Senior Manager job openings on our job board. Use the search bar below to find your perfect match.

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

FAQ about Underwriting Senior Manager

1. Where can an Underwriting Senior Manager earn the most?

An Underwriting Senior 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 Senior Manager earns the most in San Jose, CA, where the annual salary of an Underwriting Senior Manager is $205,602.

2. What is the highest pay for Underwriting Senior Manager?

The highest pay for Underwriting Senior Manager is $182,944.

3. What is the lowest pay for Underwriting Senior Manager?

The lowest pay for Underwriting Senior Manager is $134,382.

4. What are the responsibilities of Underwriting Senior Manager?

Oversees and manages the team responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. May underwrite and oversee the issuance of renewal on key accounts. Requires a bachelor's degree. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.

5. What industry pays the highest salary for Underwriting Senior Manager?

The Financial Services industry offers the highest average compensation for Underwriting Senior Manager roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

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.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
lower level job