How Much Does a Jumbo Underwriter make?

Jumbo Underwriter made a median salary around $71,123 in March, 2025. The best-paid 25 percent made $82,123 probably that year, while the lowest-paid 25 percent made around $63,616. 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 Jumbo Underwriter

The metropolitan areas that pay the highest salary in the Jumbo Underwriter profession are Cary , Garner , Knightdale , Raleigh , Apex .
Cary, NC $73,771
Garner, NC $73,771
Knightdale, NC $73,771
Raleigh, NC $73,771
Apex, NC $73,696

Best-Paying States for Jumbo Underwriter

The states and districts that pay Jumbo Underwriter the highest salary are District of Columbia (around $84,213) , California (around $83,456) , New Jersey (around $82,927) , Alaska (around $82,397) , and Massachusetts (around $82,321) .
District of Columbia $84,213
California $83,456
New Jersey $82,927
Alaska $82,397
Massachusetts $82,321

What is the Career Path of Jumbo 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 Jumbo Underwriter, the first career path typically starts with a Health Underwriter, Sr. position , and then progresses to Health Underwriting Director.

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

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

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

Besides, Jumbo Underwriter can also turn to other related jobs, including Underwriter , Underwriter II , Underwriter III and Underwriter IV .

Frequently Asked Questions for Jumbo Underwriter

Q: What is the salary range of Jumbo Underwriter in Greensboro, NC?
A: In 2025 , the lowest-paid Jumbo Underwriter in Greensboro, NC earned an average annual salary of $63,616 , while the highest-paid made $82,123.
Q: What is the salary for a Jumbo Underwriter in California?
A: Jumbo Underwriter employed in California earned an average salary of $83,456 in 2025.

Average Jumbo Underwriter Pay vs. Other Jobs

Jumbo Underwriter earned an average salary of $71,123 in 2025. Other jobs related to Jumbo Underwriter earned the following average salary in March, 2025. Underwriter made $92,067 , Underwriter II made $70,314 , Underwriter III and Underwriter IV made $91,053 and $108,716 respectively .

Relevant Jobs of Jumbo Underwriter

Underwriter - Average Salary $92,067
There is currently no job description for Underwriter, be the first to submit the job responsibilities for Underwriter.
Underwriter II - Average Salary $70,314
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 $91,053
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.
Underwriter IV - Average Salary $108,716
Underwriter IV 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 IV calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter IV 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 IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be an Underwriter IV typically requires 7+ years of related experience.
Underwriter V - Average Salary $141,011
Underwriter V 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 V calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter V 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 V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be an Underwriter V typically requires 10+ years of related experience.