As of March 01, 2026, the average salary for a Group Underwriter II in the United States is $70,133 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:
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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.
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:
| Levels | Salary |
|---|---|
| Underwrit... Level Group Underwriter II | $59,251 |
| Group Und... Level Group Underwriter II | $69,811 |
| Underwrit... Level Group Underwriter II | $90,745 |
| Underwrit... Level Group Underwriter II | $106,016 |
| Underwrit... Level Group Underwriter II | $130,647 |
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 Group Underwriter IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 7.62% |
| Accounting | 1.27% |
| Cash Flow Analysis | 0.95% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Credit Administration
|
$79,250 |
13%
|
|
Bank Secrecy Act
|
$77,146 |
10%
|
|
Collective Bargaining
|
$77,146 |
10%
|
|
Financial Accounting
|
$76,445 |
9%
|
|
Due Diligence
|
$74,341 |
6%
|
|
Credit Analysis
|
$73,640 |
5%
|
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
| 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% |
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 March 01, 2026Salaries for a Group Underwriter II can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $76,733 in 2023 to around $72,478 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Group Underwriter II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $76,733 |
| 2024 | $74,255 |
| 2025 | $72,478 |
| 2026 |
View More
|
| 2027 |
View More
|
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