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As of August 01, 2026, the average salary for a Risk Underwriter in New Jersey is $61,721 per year, which breaks down to an hourly rate of $30.
However, a Risk Underwriter's salary can vary significantly. Here’s a look at the typical salary range:
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Risk Underwriter Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,921 | $5,993 | $1,383 | $35 |
| Average | $61,721 | $5,143 | $1,187 | $30 |
| 25th Percentile | $53,151 | $4,429 | $1,022 | $26 |
BJC Healthcare - FAIRVIEW HEIGHTS, IL
Reliance Savings Bank - ALTOONA, PA
FM - THE COLONY, TX
FM - NORWOOD, MA
A Risk Underwriter'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.
Experience is a primary driver of a Risk Underwriter'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:
| Levels | Salary |
|---|---|
| Entry Level Risk Underwriter | $60,888 |
| Intermediate Level Risk Underwriter | $61,483 |
| Senior Level Risk Underwriter | $62,316 |
| Specialist Level Risk Underwriter | $63,850 |
| Expert Level Risk Underwriter | $67,284 |
What Am I Worth?
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 Risk Underwriters. For example, consider the average annual salaries in these key locations:
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:
For Risk Underwriter roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Insurance sectors offer the strongest compensation, at 45% above the average. In contrast, Risk Underwriter positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Risk Underwriter as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $89,496 | $43.0 | 45% |
| Insurance | $83,324 | $40.0 | 35% |
| MFG Durable | $67,893 | $33.0 | 10% |
Understanding how a Risk Underwriter'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $71,921 | $5,993 | $1,383 | $35 |
| Average | $61,721 | $5,143 | $1,187 | $30 |
| 25th Percentile | $53,151 | $4,429 | $1,022 | $26 |
Ready to take the next step in your career? Browse thousands of current Risk Underwriter job openings on our job board. Use the search bar below to find your perfect match.
FM
GRAND CENTRAL, NY
FM | GRAND CENTRAL, NY
Job Description: FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engi... more
5 Days Ago
FM
JOHNSTON, RI
FM | JOHNSTON, RI
Job Description: Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineeri... more
3 Days Ago
Avera Health
MITCHELL, SD
Avera Health | MITCHELL, SD
Location: Avera Queen of Peace Hospital Worker Type: Regular Work Shift: Day Shift (United States of America) Position Highlights You Belong at Avera Be pa... more
3 Days Ago
Amazon.com Services LLC
TIMES SQUARE, WA
Amazon.com Services LLC | TIMES SQUARE, WA
Amazon is seeking a Corporate Counsel to support its Treasury and Risk Management operations. You will provide day-to-day legal advice on worldwide general... more
3 Days Ago
BHEGT
BRUSHY FORK, WV
BHEGT | BRUSHY FORK, WV
BHE GT&S has an exciting opportunity as a Risk Engineer that can be filled as an Engineer I, Engineer II or Sr Engineer at our White Oaks general office lo... more
8 Days Ago
BHE GT&S
BRIDGEPORT, WV
BHE GT&S | BRIDGEPORT, WV
BHE GT&S JOB DESCRIPTION BHE GT&S has an exciting opportunity as a Risk Engineer that can be filled as an Engineer I, Engineer II or Sr Engineer at our Whi... more
3 Days Ago
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