Business Underwriter Salaries in Springfield, IL
How Much Does a Business Underwriter Make in Springfield, IL?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Business Underwriter in Springfield, IL is $58,646.
While Salary.com is seeing that Business Underwriter salary in Springfield, IL can go up to $67,421
or down to $41,871, but most earn between $49,865 and $63,239.
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 |
|---|---|---|
|
Huntington Bank
Business Banking Underwriter IV - Practice Finance
|
$92,416/yr
|
RANGE: $84,657 - $100,176
|
|
Huntington National Bank
Business Banking Underwriter IV - Practice Finance
|
$91,403/yr
|
RANGE: $83,728 - $99,077
|
|
ICW Group
Senior Business Development Underwriter Workers' Compensation (Chicagoland)
|
$97,930/yr
|
RANGE: $88,636 - $107,223
|
|
RealREPP
Underwriter
|
$71,597/yr
|
RANGE: $64,761 - $78,434
|
|
Wintrust Financial Corporation
Underwriter
|
$80,640/yr
|
RANGE: $73,447 - $87,832
|
|
Fay Group
Underwriter
|
$83,425/yr
|
RANGE: $75,984 - $90,866
|
|
Beazley
Underwriter
|
$106,464/yr
|
RANGE: $97,792 - $115,137
|
|
Allied World
Underwriter/Sr. Underwriter
|
$75,207/yr
|
RANGE: $68,115 - $82,299
|
|
PURE Insurance
Underwriter/Senior Underwriter - Midwest
|
$99,523/yr
|
RANGE: $90,685 - $108,361
|
|
CRC Group
Associate Underwriter
|
$71,597/yr
|
RANGE: $64,761 - $78,434
|
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 Springfield, IL?
The Business Underwriter salary range is from $49,865 to $63,239, and the average Business Underwriter salary is $58,646/year in Springfield, IL.
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.
