How Much Does a Branch Underwriter make?

Branch Underwriter made a median salary around $65,947 in December, 2024. The best-paid 25 percent made $74,882 probably that year, while the lowest-paid 25 percent made around $58,936. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Best-Paying Cities for Branch Underwriter

The metropolitan areas that pay the highest salary in the Branch Underwriter profession are Bedford Park , Berwyn , Broadview , Brookfield , Chicago .
Bedford Park, IL $65,947
Berwyn, IL $65,947
Broadview, IL $65,947
Brookfield, IL $65,947
Chicago, IL $65,947

Best-Paying States for Branch Underwriter

The states and districts that pay Branch Underwriter the highest salary are District of Columbia (around $69,971) , California (around $69,342) , New Jersey (around $68,902) , Alaska (around $68,462) , and Massachusetts (around $68,399) .
District of Columbia $69,971
California $69,342
New Jersey $68,902
Alaska $68,462
Massachusetts $68,399

What is the Career Path of Branch Underwriter?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Branch Underwriter, the first career path typically starts with a Health Underwriter position , and then progresses to Health Underwriting Director.

The second career path typically starts with an Underwriter (Life) II position , and then progresses to Life Underwriting Director.

The third career path typically starts with an Underwriter (P/C) II position , and then progresses to Property Casualty Underwriting Director.

Additionally, the fourth career path typically starts with an Underwriter II position , and then progresses to Chief Underwriting Officer.

Besides, Branch Underwriter can also turn to other related jobs, including Underwriter , Branch Manager , Underwriter I and Underwriter II .

Frequently Asked Questions for Branch Underwriter

Q: What is the salary range of Branch Underwriter in Chicago, IL?
A: In 2024 , the lowest-paid Branch Underwriter in Chicago, IL earned an average annual salary of $58,936 , while the highest-paid made $74,882.
Q: What is the salary for a Branch Underwriter in California?
A: Branch Underwriter employed in California earned an average salary of $69,342 in 2024.

Average Branch Underwriter Pay vs. Other Jobs

Branch Underwriter earned an average salary of $65,947 in 2024. Other jobs related to Branch Underwriter earned the following average salary in December, 2024. Underwriter made $102,013 , Branch Manager made $78,787 , Underwriter I and Underwriter II made $65,290 and $77,911 respectively .

Relevant Jobs of Branch Underwriter

Underwriter - Average Salary $102,013
There is currently no job description for Underwriter, be the first to submit the job responsibilities for Underwriter.
Branch Manager - Average Salary $78,787
Branch Manager manages a retail banking branch office that develops and grows customer relationships, promotes products and services, and delivers efficient operations. Oversees daily branch opening, closing, customer service, transaction processing, and reconciliation tasks and activities. Being a Branch Manager schedules, manages, and trains branch staff to maintain the required service coverage. Ensures staff understands and follows all company policies and procedures to maintain required security, operational, and service quality standards. Additionally, Branch Manager is accountable for financial, operational, and customer satisfaction goals for the branch. Resolves escalated customer or operations issues. Coordinates with other bank teams to promote products and represent the bank in the community. May require a bachelor's degree. Typically reports to a group or regional branch manager. The Branch 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 a Branch 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.
Underwriter I - Average Salary $65,290
Underwriter I reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Underwriter I calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter I may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Underwriter I typically requires 0-2 years of related experience.
Underwriter II - Average Salary $77,911
Underwriter II reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Underwriter II calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter II may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Underwriter II typically requires 2-4 years of related experience.
Underwriter III - Average Salary $100,889
Underwriter III reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Underwriter III calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter III may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Underwriter III typically requires 4-7 years of related experience.