As of May 18, 2021, the average salary for an Entry Level Underwriter in the United States is $60,454 per year, which breaks down to an hourly rate of $29.
However, an Entry Level Underwriter's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2025 Compensation Trend
AI Onboarding
Recruit with AI
An Entry Level Underwriter'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 Entry Level Underwriter'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:
| Levels | Salary |
|---|---|
| Entry Lev... Level Entry Level Underwriter | $60,617 |
| Underwrit... Level Entry Level Underwriter | $71,419 |
| Underwrit... Level Entry Level Underwriter | $92,830 |
| Underwrit... Level Entry Level Underwriter | $108,458 |
| Underwrit... Level Entry Level Underwriter | $133,664 |
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 Entry Level Underwriters. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 7.06% |
| Financial Services | 1.53% |
| Microsoft Office | 1.23% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Leadership
|
$62,872 |
4%
|
|
Analysis
|
$62,872 |
4%
|
|
Risk Management
|
$61,663 |
2%
|
|
Attention to Detail
|
$61,059 |
1%
|
|
Initiative
|
$61,059 |
1%
|
|
Written Communication
|
$61,059 |
1%
|
Your level of education can impact your salary potential. While many Entry Level Underwriters 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 Entry Level Underwriter with a Associate's Degree is between $57,884 and $61,738).
Entry Level Underwriter Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 17.6% |
| High School | 17.6% |
| Associates | 6.5% |
| Bachelors | 61.1% |
| Masters | 14.8% |
| Doctorate | 0.0% |
Understanding how an Entry Level Underwriter'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, 2021Salaries for an Entry Level Underwriter can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $66,131 in 2023 to around $63,131 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Entry Level Underwriter salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $66,131 |
| 2024 | $64,654 |
| 2025 | $63,131 |
| 2026 |
View More
|
| 2027 |
View More
|
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation PlanningHere are companies hiring for Entry Level Underwriter and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Entry Level Underwriter job openings on our job board. Use the search bar below to find your perfect match.
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers:
