As of May 18, 2021, the average salary for an Underwriting Supervisor in the United States is $104,424 per year, which breaks down to an hourly rate of $50.
However, an Underwriting Supervisor's salary can vary significantly. Here’s a look at the typical salary range:
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An Underwriting Supervisor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of an Underwriting Supervisor's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Underwriter IV | 7+ years | $108,296 |
| Underwriter V | 7-10 years | $133,464 |
| Underwriting Supervisor | 10+ years | $104,424 |
| Underwriting Manager | 10+ years | $119,594 |
| Underwriting Senior Manager | 10+ years | $162,996 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Underwriting Supervisors. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Leadership | 6.41% |
| Product Quality | 0.71% |
| Credit Reports | 0.28% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Planning
|
$112,778 |
8%
|
|
Problem Solving
|
$109,645 |
5%
|
|
Coaching
|
$109,645 |
5%
|
|
Underwriting
|
$107,557 |
3%
|
|
Presentation
|
$106,512 |
2%
|
|
Pricing
|
$105,468 |
1%
|
Your level of education can impact your salary potential. While many Underwriting Supervisors enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for an Underwriting Supervisor with a Associate's Degree is between $103,142 and $112,085).
Underwriting Supervisor Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 6.1% |
| High School | 15.2% |
| Associates | 21.2% |
| Bachelors | 30.3% |
| Masters | 24.2% |
| Doctorate | 3.0% |
Understanding how an Underwriting Supervisor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 18, 2021Promotions are the fastest way to increase your earnings. As an Underwriting Supervisor, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Health Underwriting Manager | $131,554 | 26% |
| Life Underwriting Manager | $137,059 | 31% |
| Property Casualty Underwriting Manager | $127,463 | 22% |
| Underwriting Manager | $119,594 | 15% |
Salaries for an Underwriting Supervisor can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $102,778 in 2023 to around $102,224 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Underwriting Supervisor salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $102,778 |
| 2024 | $103,350 |
| 2025 | $102,224 |
| 2026 |
View More
|
| 2027 |
View More
|
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An Underwriting Supervisor's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Underwriting Supervisor earns the most in San Jose, CA, where the annual salary of an Underwriting Supervisor is $131,710.
The highest pay for Underwriting Supervisor is $128,658.
The lowest pay for Underwriting Supervisor is $88,172.
Oversees activities of the underwriting department. Provides supervision for a group of underwriters who review, analyze, and inspect insurance risk. Ensures compliance with all industry and governmental regulations. Follows established procedures regarding risk management, application and renewal, and acceptance and rejection. Develops underwriting team expertise with coaching, support and educational programs. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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