Underwriting Analyst Salary in the United States

How much does an Underwriting Analyst make in the United States?

As of June 01, 2026, the average salary for an Underwriting Analyst in the United States is $54,133 per year, which breaks down to an hourly rate of $26.

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

  • Top Earners (90th percentile): $64,427
  • Majority Range (25th-75th percentile): $48,202 to $59,521
  • Entry-Level (10th percentile): $42,803
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View as table View as graph 25% $48,202 10% $42,803 90% $64,427 75% $59,521 $54,133 50%(Median) Didn’t find job title? Click

Underwriting Analyst Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $59,521 $4,960 $1,145 $29
Average $54,133 $4,511 $1,041 $26
25th Percentile $48,202 $4,017 $927 $23
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Key Factors That Influence Underwriting Analyst Salaries

An Underwriting Analyst'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, education and company size can directly affect your earning potential.

How Experience Level Affects Underwriting Analyst Salaries?

Experience is a primary driver of an Underwriting Analyst'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:

  • Entry-Level (less than 1 year): $53,736
  • Early Career (1-2 years): $103,813
  • Mid-Level (2-4 years): $118,843
  • Senior-Level (5-8 years): $161,978
  • Expert (over 8 years): $195,342
Levels Salary
Underwrit... Level Underwriting Analyst$53,736
Underwrit... Level Underwriting Analyst$103,813
Underwrit... Level Underwriting Analyst$118,843
Underwrit... Level Underwriting Analyst$161,978
Underwrit... Level Underwriting Analyst$195,342
$53,736 0 yr
$103,813 < 2 yrs
$118,843 2-4 yrs
$161,978 5-8 yrs
$195,342 > 8 yrs
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What Am I Worth?

Top Paying Cities for Underwriting Analysts

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: $68,277
  • San Francisco: $67,530
  • Oakland: $66,107

What Skills Can Increase an Underwriting Analyst's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 5.59% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Data Entry (Mentioned in 1.73% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
  • Accounting (Mentioned in 0.97% Job Postings): Creating financial statements and reports based on the summary of financial and business transactions.
See More Skills
Skills Demand Percentage
Customer Service 5.59%
Data Entry 1.73%
Accounting 0.97%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Underwriting Analyst's salary.
  • Aviation: Can increase your salary by up to 11%.
  • Accountability: Can increase your salary by up to 7%.
  • Initiative: Can increase your salary by up to 6%.
Skill Salary Salary % Increase
Aviation
$60,087
11%
Accountability
$57,922
7%
Initiative
$57,380
6%
Communicates Effectively
$56,839
5%
Time Management
$56,839
5%
Analytical Skills
$56,839
5%
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How Education impacts an Underwriting Analyst's Salary?

Your level of education can impact your salary potential. While many Underwriting Analysts enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Underwriting Analyst with a Associate's Degree is between $50,766 and $53,852).

Underwriting Analyst Salaries by Degree Level

Typical Education for Underwriting Analyst
Degree Level % of user with this level of education
No Diploma 0.3%
High School 30.2%
Associates 15.8%
Bachelors 49.1%
Masters 4.6%
Doctorate 0.0%
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Underwriting Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Underwriting Analyst'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 June 01, 2026

Salary Trends for Underwriting Analyst

Salaries for an Underwriting Analyst can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $59,728 in 2023 to around $54,016 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Underwriting Analyst salary trends, .

Average Annual Salary of Underwriting Analyst Over Time

2022
$???
2023
$59,728
2024
$56,042
2025
$54,016
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $59,728
2024 $56,042
2025 $54,016
2026
View More
2027
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Most common benefits for Underwriting Analyst

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Underwriting Analyst

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

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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.

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