Business Underwriter Salaries in Maryland
How Much Does a Business Underwriter Make in Maryland?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Business Underwriter in Maryland is $62,611.
While Salary.com is seeing that Business Underwriter salary in MD can go up to $71,979
or down to $44,702, but most earn between $53,237 and $67,515.
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 Underwriter
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Similar Job Salaries to Business Underwriter by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
F.N.B. Corporation
Business Banking Underwriter 3
|
$81,196/yr
|
RANGE: $73,717 - $88,674
|
|
ICW Group
Business Development Underwriter Workers' Compensation (Maryland)
|
$69,053/yr
|
RANGE: $61,407 - $76,698
|
|
Temple View Capital LLC
Underwriter
|
$89,111/yr
|
RANGE: $81,495 - $96,727
|
|
ASCENDING Inc.
Mortgage Underwriter
|
$89,781/yr
|
RANGE: $81,264 - $98,298
|
|
RPS
Underwriter/Broker
|
$76,779/yr
|
RANGE: $69,538 - $84,019
|
|
Liberty Mutual Insurance
Senior Underwriter
|
$115,703/yr
|
RANGE: $104,806 - $126,600
|
|
Hamdan Resources
Credit Underwriter
|
$70,181/yr
|
RANGE: $63,047 - $77,314
|
|
Tidewater Mortgage Services Inc
Mortgage Underwriter
|
$81,431/yr
|
RANGE: $72,598 - $90,263
|
|
Diedre Moire Corp.
Insurance Underwriter
|
$69,395/yr
|
RANGE: $62,520 - $76,270
|
|
Selective Insurance
Senior Underwriter
|
$96,624/yr
|
RANGE: $87,704 - $105,544
|
Top 10 Highest Paying Cities For Business Underwriter Jobs in Maryland
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Business 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 Underwriter job salaries in Maryland.
Some cities can pay higher salaries for Business Underwriter jobs, which can indicate that there is a large demand for Business Underwriter positions in this city.
The following table shows top 10 cities where the Business Underwriter salary is higher than other cities in Maryland.
Silver Spring takes first place in this list, followed by Bethesda, Potomac.
The Business Underwriter salary is $67,232 in Silver Spring,
which is higher than the national average. There are 15 cities' Business Underwriter salary higher than national average in Maryland.
The average salary for a Business Underwriter in Maryland is $62,611,
but we found that the city with the highest salary for Business Underwriter jobs is Silver Spring, MD, and it is higher than Bethesda.
Business Underwriter jobs in Silver Spring can have the opportunity to earn higher salaries than in other cities in Maryland.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Silver Spring | $67,232 | $5,603 | $1,293 | $32 |
| Bethesda | $67,232 | $5,603 | $1,293 | $32 |
| Potomac | $67,189 | $5,599 | $1,292 | $32 |
| Rockville | $67,153 | $5,596 | $1,291 | $32 |
| Bowie | $67,092 | $5,591 | $1,290 | $32 |
| Waldorf | $67,050 | $5,587 | $1,289 | $32 |
| Gaithersburg | $67,050 | $5,587 | $1,289 | $32 |
| Germantown | $65,428 | $5,452 | $1,258 | $31 |
| Frederick | $65,082 | $5,424 | $1,252 | $31 |
| Baltimore | $62,611 | $5,218 | $1,204 | $30 |
What Does a Business Underwriter Do?
In general, underwriters are tasked with determining the level of the risk involved in a transaction or other kind of business decision.
Updated December 15, 2021
The purpose of this position is to provide support to underwriter(s) in producing, servicing and analyzing risks of new and renewal business.
Updated December 03, 2021
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Explore JobArchitectFrequently Asked Questions About a Business Underwriter Salaries
What is the average of a Business Underwriter in Maryland?
The Business Underwriter salary range is from $53,237 to $67,515, and the average Business Underwriter salary is $62,611/year in Maryland.
The Business Underwriter's salary will change in different locations.
Which location pays the highest Business Underwriter salary in the United States?
The Business Underwriter salary in San Jose, CA is $76,589
which is the highest in the US.
What kinds of reasons will influence the Business 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 Underwriter.
What is the growth rate of the Business Underwriter's salary?
If you are thinking of becoming a Business Underwriter or planning the next step in your career, find the detailed salary report of a Business Underwriter.
