Market Underwriter Salaries in New Jersey
How Much Does a Market Underwriter Make in New Jersey?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Market Underwriter in New Jersey is $104,416.
While Salary.com is seeing that Market Underwriter salary in NJ can go up to $132,072
or down to $80,678, but most earn between $91,990 and $118,892.
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
$134,647
New Jersey
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 North America
Middle Market Underwriter (Property & Casualty)
|
$83,825/yr
|
RANGE: $75,920 - $91,730
|
|
N2G
Sr. Underwriter, Central Zone -Middle Market P&C
|
$91,504/yr
|
RANGE: $83,595 - $99,413
|
|
N2G
Sr. Underwriter, East Zone -Middle Market P&C
|
$91,504/yr
|
RANGE: $83,595 - $99,413
|
|
The Hartford
P&C Middle Market Renewal Center Underwriter
|
$78,027/yr
|
RANGE: $70,576 - $85,477
|
|
Ally Financial
Open Market Associate Underwriter
|
$73,464/yr
|
RANGE: $66,831 - $80,097
|
|
Berkley Southeast Insurance Group (a Berkley Company)
Middle Market Underwriter
|
$88,477/yr
|
RANGE: $80,620 - $96,334
|
|
Sentry
Middle Market Underwriter
|
$71,732/yr
|
RANGE: $64,967 - $78,496
|
|
Sompo
Experienced Underwriter, Middle Market
|
$80,748/yr
|
RANGE: $73,133 - $88,363
|
|
Berkley
Middle Market Underwriter
|
$89,738/yr
|
RANGE: $81,769 - $97,708
|
Top 10 Highest Paying Cities For Market Underwriter Jobs in New Jersey
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 New Jersey.
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 New Jersey.
Jersey City takes first place in this list, followed by Union City, Hoboken.
The Market Underwriter salary is $111,641 in Jersey City,
which is higher than the national average. There are 33 cities' Market Underwriter salary higher than national average in New Jersey.
The average salary for a Market Underwriter in New Jersey is $104,416,
but we found that the city with the highest salary for Market Underwriter jobs is Jersey City, NJ, and it is higher than Union City.
Market Underwriter jobs in Jersey City can have the opportunity to earn higher salaries than in other cities in New Jersey.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Jersey City | $111,641 | $9,303 | $2,147 | $54 |
| Union City | $111,641 | $9,303 | $2,147 | $54 |
| Hoboken | $111,641 | $9,303 | $2,147 | $54 |
| West New York | $111,641 | $9,303 | $2,147 | $54 |
| Paramus | $110,148 | $9,179 | $2,118 | $53 |
| Paterson | $110,051 | $9,171 | $2,116 | $53 |
| Clifton | $110,051 | $9,171 | $2,116 | $53 |
| Passaic | $110,051 | $9,171 | $2,116 | $53 |
| Bloomfield | $110,051 | $9,171 | $2,116 | $53 |
| Wayne | $110,051 | $9,171 | $2,116 | $53 |
What Does a Market Underwriter Do?
The key economic consideration for an underwriter that is considering bringing a new deal to market is whether the transaction can offer a sufficient return to the equity noteholders.
Updated October 08, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Market Underwriter Salaries
What is the average of a Market Underwriter in New Jersey?
The Market Underwriter salary range is from $91,990 to $118,892, and the average Market Underwriter salary is $104,416/year in New Jersey.
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 $121,505
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.
