Development Underwriter Salaries in Illinois
How Much Does a Development Underwriter Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Development Underwriter in Illinois is $61,894.
While Salary.com is seeing that Development Underwriter salary in IL can go up to $71,156
or down to $44,191, but most earn between $52,628 and $66,742.
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 Development Underwriter
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Similar Job Salaries to Development Underwriter by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Berkley Aspire (a Berkley Company)
E&S Business Development Underwriter
|
$65,992/yr
|
RANGE: $59,691 - $72,294
|
|
ICW Group
Senior Business Development Underwriter Workers' Compensation (Chicagoland)
|
$88,974/yr
|
RANGE: $80,530 - $97,418
|
|
ICW Group
Business Development Underwriter Workers' Compensation (Chicagoland)
|
$69,207/yr
|
RANGE: $61,544 - $76,869
|
|
Berkley
Underwriter
|
$71,597/yr
|
RANGE: $64,761 - $78,434
|
|
Allied World
Underwriter/Sr. Underwriter
|
$75,207/yr
|
RANGE: $68,115 - $82,299
|
|
Beyond Risk Management Inc
Assistant Underwriter
|
$66,541/yr
|
RANGE: $60,192 - $72,891
|
|
Factory Mutual Insurance Company
Production Underwriter
|
$93,471/yr
|
RANGE: $85,521 - $101,421
|
|
AmTrust Financial
Underwriter II
|
$71,597/yr
|
RANGE: $64,761 - $78,434
|
|
Berkley
Underwriter II
|
$94,873/yr
|
RANGE: $86,389 - $103,358
|
|
Diedre Moire Corp.
Insurance Underwriter
|
$67,901/yr
|
RANGE: $61,174 - $74,628
|
Top 10 Highest Paying Cities For Development 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 Development 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 Development Underwriter job salaries in Illinois.
Some cities can pay higher salaries for Development Underwriter jobs, which can indicate that there is a large demand for Development Underwriter positions in this city.
The following table shows top 10 cities where the Development Underwriter salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Development Underwriter salary is $62,750 in Chicago,
which is higher than the national average. There are 20 cities' Development Underwriter salary higher than national average in Illinois.
The average salary for a Development Underwriter in Illinois is $61,894,
but we found that the city with the highest salary for Development Underwriter jobs is Chicago, IL, and it is higher than Cicero.
Development 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 | $62,750 | $5,229 | $1,207 | $30 |
| Cicero | $62,750 | $5,229 | $1,207 | $30 |
| Oak Park | $62,750 | $5,229 | $1,207 | $30 |
| Evanston | $62,726 | $5,227 | $1,206 | $30 |
| Skokie | $62,726 | $5,227 | $1,206 | $30 |
| Oak Lawn | $62,678 | $5,223 | $1,205 | $30 |
| Des Plaines | $62,580 | $5,215 | $1,203 | $30 |
| Mount Prospect | $62,532 | $5,211 | $1,203 | $30 |
| Aurora | $62,265 | $5,189 | $1,197 | $30 |
| Hoffman Estates | $62,210 | $5,184 | $1,196 | $30 |
What Does a Development Underwriter Do?
Simply select one of our recommended mortgage underwriter training courses from the list above, or use the search box by selecting "Underwriting" from the "Professional Development" section.
Updated October 03, 2021
“We are thrilled to have been able to appoint Jon as senior development underwriter and are looking forward to seeing his Hope Capital journey unfold.
Updated December 19, 2021
Prior to that, Nordeen gained development and capital market experience through several roles in Chicago, including development manager for JDL Development, vice president of finance for Rezmar Corp., senior underwriter with Builders Bank and senior associate with PricewaterhouseCoopers.
Updated December 13, 2021
Specialist short-term lender Hope Capital has added to its underwriting team by appointing Jon Reed as senior development underwriter.
Updated December 11, 2021
The Arkansas Development Finance Authority (ADFA) is requesting proposals from investment banking firms to serve as senior underwriter for the financing of the Authority's Economic Development Revenue Bond Program.
Updated December 05, 2021
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Explore JobArchitectFrequently Asked Questions About a Development Underwriter Salaries
What is the average of a Development Underwriter in Illinois?
The Development Underwriter salary range is from $52,628 to $66,742, and the average Development Underwriter salary is $61,894/year in Illinois.
The Development Underwriter's salary will change in different locations.
Which location pays the highest Development Underwriter salary in the United States?
The Development Underwriter salary in San Jose, CA is $76,589
which is the highest in the US.
What kinds of reasons will influence the Development 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 Development Underwriter.
What is the growth rate of the Development Underwriter's salary?
If you are thinking of becoming a Development Underwriter or planning the next step in your career, find the detailed salary report of a Development Underwriter.
