Business Banking Underwriter Salaries in Illinois
How Much Does a Business Banking Underwriter Make in Illinois?
Updated January 01, 2025
As of January 01, 2025,
the average annual pay of Business Banking Underwriter in Illinois is $63,320.
While Salary.com is seeing that Business Banking Underwriter salary in IL can go up to $78,517
or down to $49,306, but most earn between $55,984 and $71,275.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Business Banking Underwriter
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Similar Job Salaries to Business Banking Underwriter by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
CIBC Bank USA
AMD, Business Banking - Underwriter
|
$113,443/yr
|
RANGE: $93,745 - $133,140
|
|
Huntington Bank
Business Banking Underwriter IV
|
$102,548/yr
|
RANGE: $86,347 - $118,749
|
|
Huntington Bank
Business Banking Underwriter II
|
$72,048/yr
|
RANGE: $62,418 - $81,678
|
|
Huntington National Bank
Business Banking Underwriter II
|
$73,317/yr
|
RANGE: $63,518 - $83,117
|
|
First Merchants Brand
Business Banking Underwriter I
|
$113,880/yr
|
RANGE: $91,500 - $136,259
|
|
BankTalent HQ
Commercial Business Banking Underwriter
|
$83,854/yr
|
RANGE: $70,341 - $97,367
|
|
Iris Software Inc.
Business analyst - Banking
|
$97,775/yr
|
RANGE: $86,893 - $108,656
|
|
BMO
Relationship Manager Business Banking
|
$132,206/yr
|
RANGE: $105,200 - $159,211
|
|
Wintrust Financial
Business Banking Relationship Manager
|
$148,594/yr
|
RANGE: $119,197 - $177,991
|
|
Bank of Montreal
Market President Business Banking
|
$126,186/yr
|
RANGE: $97,913 - $154,459
|
Top 10 Highest Paying Cities For Business Banking Underwriter Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Business Banking Underwriter can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Business Banking Underwriter job salaries in Illinois.
Some cities can pay higher salaries for Business Banking Underwriter jobs, which can indicate that there is a large demand for Business Banking Underwriter positions in this city.
The following table shows top 10 cities where the Business Banking Underwriter salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Business Banking Underwriter salary is $64,929 in Chicago,
which is higher than the national average. There are 20 cities' Business Banking Underwriter salary higher than national average in Illinois.
The average salary for a Business Banking Underwriter in Illinois is $63,320,
but we found that the city with the highest salary for Business Banking Underwriter jobs is Chicago, IL, and it is higher than Cicero.
Business Banking Underwriter jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $64,929 | $5,411 | $1,249 | $31 |
| Cicero | $64,929 | $5,411 | $1,249 | $31 |
| Evanston | $64,929 | $5,411 | $1,249 | $31 |
| Oak Park | $64,929 | $5,411 | $1,249 | $31 |
| Skokie | $64,929 | $5,411 | $1,249 | $31 |
| Oak Lawn | $64,867 | $5,406 | $1,247 | $31 |
| Des Plaines | $64,743 | $5,395 | $1,245 | $31 |
| Mount Prospect | $64,681 | $5,390 | $1,244 | $31 |
| Aurora | $64,372 | $5,364 | $1,238 | $31 |
| Hoffman Estates | $64,372 | $5,364 | $1,238 | $31 |
What Does a Business Banking Underwriter Do?
The Business Banking Underwriter prepares all loan / lease credit proposals and conducts reviews of existing credit facilities.
Updated December 07, 2021
The Business Banking Underwriter is responsible for underwriting all new loan / lease applications, letter of credit, commercial credit cards and renewal applications.
Updated December 02, 2021
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Explore JobArchitectFrequently Asked Questions About a Business Banking Underwriter Salaries
What is the average of a Business Banking Underwriter in Illinois?
The Business Banking Underwriter salary range is from $55,984 to $71,275, and the average Business Banking Underwriter salary is $63,320/year in Illinois.
The Business Banking Underwriter's salary will change in different locations.
Which location pays the highest Business Banking Underwriter salary in the United States?
The Business Banking Underwriter salary in San Jose, CA is $77,679
which is the highest in the US.
What kinds of reasons will influence the Business Banking Underwriter's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Business Banking Underwriter.
What is the growth rate of the Business Banking Underwriter's salary?
If you are thinking of becoming a Business Banking Underwriter or planning the next step in your career, find the detailed salary report of a Business Banking Underwriter.
