Market Underwriter Salaries in Illinois
How Much Does a Market Underwriter Make in Illinois?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Market Underwriter in Illinois is $98,281.
While Salary.com is seeing that Market Underwriter salary in IL can go up to $124,300
or down to $75,947, but most earn between $86,590 and $111,900.
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 Market Underwriter
Commercial Middle Market Underwriter&Portfolio Manager
$127,055
Illinois
Per Year
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Similar Job Salaries to Market Underwriter by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Zurich Insurance Company Ltd.
Market Facing Underwriter - Group Captives
|
$80,876/yr
|
RANGE: $69,927 - $91,825
|
|
Liberty Mutual Insurance
Senior Underwriter, Cyber Wholesale Market
|
$100,216/yr
|
RANGE: $85,358 - $115,075
|
|
Zurich Insurance Company Ltd.
Senior Market Facing Underwriter - Group Captives
|
$93,892/yr
|
RANGE: $80,067 - $107,717
|
|
Westfield
Middle Market Master Field Underwriter (IL Territory)
|
$76,996/yr
|
RANGE: $66,828 - $87,163
|
|
Liberty Mutual
Executive Underwriter, Middle Market Construction IL
|
$102,409/yr
|
RANGE: $87,150 - $117,668
|
|
IAT Insurance Group
Senior Market Facing Underwriter, Excess Casualty
|
$110,752/yr
|
RANGE: $94,248 - $127,256
|
|
Invigorate Finance
Underwriter
|
$91,126/yr
|
RANGE: $77,062 - $105,189
|
|
Beazley Group
Underwriter
|
$134,510/yr
|
RANGE: $113,381 - $155,639
|
|
Berkley
Underwriter
|
$78,396/yr
|
RANGE: $69,110 - $87,682
|
Top 10 Highest Paying Cities For Market 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 Market 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 Market Underwriter job salaries in Illinois.
Some cities can pay higher salaries for Market Underwriter jobs, which can indicate that there is a large demand for Market Underwriter positions in this city.
The following table shows top 10 cities where the Market Underwriter salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Market Underwriter salary is $100,779 in Chicago,
which is higher than the national average. There are 20 cities' Market Underwriter salary higher than national average in Illinois.
The average salary for a Market Underwriter in Illinois is $98,281,
but we found that the city with the highest salary for Market Underwriter jobs is Chicago, IL, and it is higher than Cicero.
Market 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 | $100,779 | $8,398 | $1,938 | $48 |
| Cicero | $100,779 | $8,398 | $1,938 | $48 |
| Evanston | $100,779 | $8,398 | $1,938 | $48 |
| Oak Park | $100,779 | $8,398 | $1,938 | $48 |
| Skokie | $100,779 | $8,398 | $1,938 | $48 |
| Oak Lawn | $100,683 | $8,390 | $1,936 | $48 |
| Des Plaines | $100,491 | $8,374 | $1,933 | $48 |
| Mount Prospect | $100,394 | $8,366 | $1,931 | $48 |
| Aurora | $99,914 | $8,326 | $1,921 | $48 |
| Hoffman Estates | $99,914 | $8,326 | $1,921 | $48 |
What Does a Market Underwriter Do?
Using the current market value of the home, the underwriter will make sure it serves as ample collateral for the loan.
Updated December 21, 2021
Often, underwriters go on roadshows (called the dog and pony shows – lasting for 3 to 4 weeks) to market the shares to institutional investors and evaluate the demand for the shares.
Updated December 18, 2021
There aren’t insurance options in the market to cover this so the government is stepping up as a type of underwriter,” Stuart Nash said.
Updated December 14, 2021
In addition, the underwriter was generally expected to provide some type of secondary market liquidity for the CDO, especially its more senior tranches.
Updated December 06, 2021
This practice, which is typically justified as the reward for the underwriter for taking on the market risk, is occasionally criticized as unethical, such as the allegations that.
Updated December 02, 2021
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Explore JobArchitectFrequently Asked Questions About a Market Underwriter Salaries
What is the average of a Market Underwriter in Illinois?
The Market Underwriter salary range is from $86,590 to $111,900, and the average Market Underwriter salary is $98,281/year in Illinois.
The Market Underwriter's salary will change in different locations.
Which location pays the highest Market Underwriter salary in the United States?
The Market Underwriter salary in San Jose, CA is $120,569
which is the highest in the US.
What kinds of reasons will influence the Market 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 Market Underwriter.
What is the growth rate of the Market Underwriter's salary?
If you are thinking of becoming a Market Underwriter or planning the next step in your career, find the detailed salary report of a Market Underwriter.
