Business Underwriter Salaries in New Mexico
How Much Does a Business Underwriter Make in New Mexico?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Business Underwriter in New Mexico is $58,636.
While Salary.com is seeing that Business Underwriter salary in NM can go up to $64,568
or down to $38,987, but most earn between $48,351 and $61,741.
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 |
|---|---|---|
|
Liberty Mutual Insurance
Senior Underwriter
|
$147,288/yr
|
RANGE: $121,636 - $172,941
|
|
AMERIND
Underwriter I
|
$67,026/yr
|
RANGE: $59,253 - $74,799
|
|
Sunward Federal Credit Union
Indirect Underwriter 1
|
$147,650/yr
|
RANGE: $123,348 - $171,952
|
|
VirtualVocations
Senior Marine Underwriter
|
$82,733/yr
|
RANGE: $70,467 - $95,000
|
|
FBL Financial Group, Inc.
Ag Marketing Underwriter
|
$46,391/yr
|
RANGE: $40,227 - $52,555
|
|
Farm Bureau Financial Services
Ag Marketing Underwriter I
|
$64,968/yr
|
RANGE: $56,283 - $73,652
|
|
Symmetry Financial Group - Kristie Fetterly
Field Underwriter / Insurance Agent
|
$72,801/yr
|
RANGE: $63,004 - $82,598
|
|
U.S. Bank
Business Banking Post Underwriter
|
$62,192/yr
|
RANGE: $54,474 - $69,909
|
|
Berkley
Business Development Underwriter
|
$103,709/yr
|
RANGE: $88,459 - $118,959
|
|
Huntington National Bank
Business Banking Underwriter IV
|
$99,964/yr
|
RANGE: $84,283 - $115,646
|
Top 10 Highest Paying Cities For Business Underwriter Jobs in New Mexico
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 New Mexico.
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 New Mexico.
Santa Fe takes first place in this list, followed by Albuquerque, Rio Rancho.
The Business Underwriter salary is $60,099 in Santa Fe,
which is lower than the national average. There is 0 city's Business Underwriter salary higher than national average in New Mexico.
The average salary for a Business Underwriter in New Mexico is $58,636,
but we found that the city with the highest salary for Business Underwriter jobs is Santa Fe, NM, and it is higher than Albuquerque.
Business Underwriter jobs in Santa Fe can have the opportunity to earn higher salaries than in other cities in New Mexico.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Santa Fe | $60,099 | $5,008 | $1,156 | $29 |
| Albuquerque | $59,781 | $4,982 | $1,150 | $29 |
| Rio Rancho | $59,590 | $4,966 | $1,146 | $29 |
| Farmington | $59,018 | $4,918 | $1,135 | $28 |
| Clovis | $56,792 | $4,733 | $1,092 | $27 |
| Alamogordo | $56,728 | $4,727 | $1,091 | $27 |
| Hobbs | $56,283 | $4,690 | $1,082 | $27 |
| Roswell | $55,774 | $4,648 | $1,073 | $27 |
| Sunland Park | $55,393 | $4,616 | $1,065 | $27 |
| Las Cruces | $55,075 | $4,590 | $1,059 | $26 |
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 New Mexico?
The Business Underwriter salary range is from $48,351 to $61,741, and the average Business Underwriter salary is $58,636/year in New Mexico.
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 $79,814
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.
