How Much Does a Jumbo Underwriter make?

Jumbo Underwriter made a median salary around $82,572 in April, 2025. The best-paid 25 percent made $95,344 probably that year, while the lowest-paid 25 percent made around $73,853. 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 Hyde Park , Allston , Arlington , Arlington Heights , Auburndale .
Hyde Park, MA $84,620
Allston, MA $84,620
Arlington, MA $84,620
Arlington Heights, MA $84,620
Auburndale, MA $84,620

Best-Paying States for Jumbo Underwriter

The states and districts that pay Jumbo Underwriter the highest salary are District of Columbia (around $84,006) , California (around $83,687) , Massachusetts (around $82,572) , Washington (around $82,268) , and New Jersey (around $82,238) .
District of Columbia $84,006
California $83,687
Massachusetts $82,572
Washington $82,268
New Jersey $82,238

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 I , Underwriter III and Underwriter V .

Frequently Asked Questions for Jumbo Underwriter

Q: What is the salary range of Jumbo Underwriter in Massachusetts?
A: In 2025 , the lowest-paid Jumbo Underwriter in Massachusetts earned an average annual salary of $73,853 , while the highest-paid made $95,344.
Q: What is the salary for a Jumbo Underwriter in California?
A: Jumbo Underwriter employed in California earned an average salary of $83,687 in 2025.

Average Jumbo Underwriter Pay vs. Other Jobs

Jumbo Underwriter earned an average salary of $82,572 in 2025. Other jobs related to Jumbo Underwriter earned the following average salary in April, 2025. Underwriter made $106,884 , Underwriter I made $65,870 , Underwriter III and Underwriter V made $100,883 and $145,265 respectively .

Relevant Jobs of Jumbo Underwriter

Underwriter - Average Salary $106,884
There is currently no job description for Underwriter, be the first to submit the job responsibilities for Underwriter.
Underwriter I - Average Salary $65,870
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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.
Underwriter III - Average Salary $100,883
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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.
Underwriter V - Average Salary $145,265
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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. 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. Typically requires 10+ years of related experience.
Underwriter II - Average Salary $77,628
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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.