Salary AI Book a Demo

Group Underwriter II Salary in the United States

How much does a Group Underwriter II make in the United States?

As of September 01, 2026, the average salary for a Group Underwriter II in the United States is $70,128 per year, which breaks down to an hourly rate of $34.

However, a Group Underwriter II's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $78,526
  • Majority Range (25th-75th percentile): $64,378 to $74,524
  • Entry-Level (10th percentile): $59,144
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Group Underwriter II Salaries

A Group Underwriter II'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 Group Underwriter Salaries?

Experience is a primary driver of a Group Underwriter II'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): $59,245
  • Early Career (1-2 years): $69,805
  • Mid-Level (2-4 years): $90,747
  • Senior-Level (5-8 years): $106,004
  • Expert (over 8 years): $130,623
Levels Salary
Underwrit... Level Group Underwriter II$59,245
Group Und... Level Group Underwriter II$69,805
Underwrit... Level Group Underwriter II$90,747
Underwrit... Level Group Underwriter II$106,004
Underwrit... Level Group Underwriter II$130,623
View as Graph

How Do Group Underwriter II 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 Group Underwriter IIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $77,646.
  • California: $77,351.
  • Massachusetts: $76,320.

Top Paying Cities for Group Underwriter IIs

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: $88,452
  • San Francisco: $87,484
  • Oakland: $85,640

What Skills Can Increase a Group Underwriter II's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 7.62% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Accounting (Mentioned in 1.27% Job Postings): Creating financial statements and reports based on the summary of financial and business transactions.
  • Cash Flow Analysis (Mentioned in 0.95% Job Postings): Cash flow analysis is an integral part of financial reporting. Regular monitoring and analysis of cash flow can ensure that businesses are operating in the most fiscally prudent way, and can plan growth and expansion more strategically.
Skills Demand Percentage
Analysis 7.62%
Accounting 1.27%
Cash Flow Analysis 0.95%
See More Skills

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 a Group Underwriter II's salary.

  • Credit Administration: Can increase your salary by up to 13%.
  • Bank Secrecy Act: Can increase your salary by up to 10%.
  • Collective Bargaining: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Credit Administration $79,245
13%
Bank Secrecy Act $77,141
10%
Collective Bargaining $77,141
10%
Get Latest Data

Group Underwriter II Salary by Industry: Top Paying Sectors

For Group Underwriter II roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Financial Services sectors offer the strongest compensation, at 30% above the average. In contrast, Group Underwriter positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Group Underwriter II as a support function rather than a direct revenue driver.

The top paying industries for a Group Underwriter II

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance$91,166$44.030%
Financial Services$84,153$40.020%
Healthcare$77,141$37.010%

How Education impacts a Group Underwriter II's Salary?

Your level of education can impact your salary potential. While many Group Underwriter IIs 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 a Group Underwriter II with a Associate's Degree is between $70,451 and $75,103).

Group Underwriter II Salaries by Degree Level

Typical Education for Group Underwriter II
Degree Level % of user with this level of education
No Diploma 4.8%
High School 4.8%
Associates 3.2%
Bachelors 72.6%
Masters 19.4%
Doctorate 0.0%
View as Graph

Group Underwriter II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Group Underwriter II'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 September 01, 2026
$64,378
Average $70,128/year
$74,524
$5,365
Average $5,844/month
$6,210
$1,238
Average $1,349/week
$1,433
$31
Average $34/hour
$36
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $74,524 $6,210 $1,433 $36
Average $70,128 $5,844 $1,349 $34
25th Percentile $64,378 $5,365 $1,238 $31

Most common benefits for Group Underwriter II

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

Common company salaries for Group Underwriter II

Here are companies hiring for Group Underwriter II and their salaries, click below for more details.

Find Your Next Group Underwriter II Job

Ready to take the next step in your career? Browse thousands of current Group Underwriter II 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 Group Underwriter II

1. What industry pays the highest salary for Group Underwriter II?

The Insurance industry offers the highest average compensation for Group Underwriter II 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