Position
City
Salary

How much does a Underwriter make in Chicago, IL?

The average salary for a Underwriter is $111,444 per year in Chicago, IL.

In Chicago, IL, Underwriters can expect to earn a competitive salary. The average yearly salary for Underwriters in this area is around $111,444. This salary can vary based on experience and skill level. For instance, entry-level Underwriters might start at around $48,000 per year, while experienced professionals can earn up to $211,852 annually.

The salary range for Underwriters in Chicago, IL, shows a wide variation. The lower end of the range, about 10%, earns around $48,000 per year. A larger segment, about 14%, earns between $77,791 and $92,687. As experience and expertise increase, so do earnings, with the top 10% earning between $167,165 and $211,852 annually. These figures reflect the opportunities for growth in this field, encouraging job seekers to build their skills and advance in their careers.

Underwriter jobs in Chicago, IL

What are the highest paying cities for a Underwriter near Chicago, IL?

Job seekers interested in underwriting can find promising opportunities near Chicago, IL. In the Chicago area, Schaumburg, IL, stands out with an average salary of $100,660. This makes it an attractive location for those seeking higher compensation in the underwriting field. Naperville, IL, follows with an average salary of $84,508, also offering competitive pay for underwriters in the region.
Graph displaying highest paying cities salaries for Underwriter jobs near Chicago, IL, highlighting Schaumburg, IL with the highest at $100,660 and Elgin, IL with the lowest at $57,500.
  1. Schaumburg, IL
    Average Salary: $100,660
    In Schaumburg, one can find numerous insurance firms seeking skilled professionals. Companies like Allstate and State Farm offer promising roles. Candidates benefit from a vibrant job market with many opportunities for growth.
    Find Underwriter jobs in Schaumburg, IL


  2. Naperville, IL
    Average Salary: $84,508
    Naperville provides a thriving environment for those in the insurance industry. With firms such as Farmers Insurance, job seekers have access to quality positions. The city offers a strong network of professionals, aiding career advancement.
    Find Underwriter jobs in Naperville, IL


  3. Joliet, IL
    Average Salary: $59,000
    Joliet's insurance sector is well-established, with companies like Liberty Mutual hiring frequently. The community fosters a collaborative atmosphere, making it an excellent place to build a career. Opportunities for training and development abound.
    Find Underwriter jobs in Joliet, IL


  4. Elgin, IL
    Average Salary: $57,500
    Elgin offers a robust market for insurance professionals. Companies such as GEICO and Nationwide provide ample job openings. The area emphasizes professional growth, offering numerous paths for advancement.
    Find Underwriter jobs in Elgin, IL

What are the best paying companies for a Underwriter in Chicago, IL?

Looking for an Underwriter job in Chicago, IL? Consider these top-paying companies. QBE offers an average salary of $185,200. Munich Re and Swiss Re also provide competitive salaries of $161,863 and $157,000, respectively. Other notable employers include Liberty Mutual Insurance, IFG Companies, and Berkshire Hathaway Specialty Insurance, all paying well above average.
Graph displaying best paying company salaries for Underwriter jobs in Chicago, IL, highlighting QBE with the highest at $185,200 and General Placement Service with the lowest at $132,500.
  1. QBE
    Average Salary: $185,200
    QBE is a global insurance company with operations in many parts of the world, including Chicago. As an Underwriter for QBE, you would evaluate insurance applications and risk assessments. QBE values experienced Underwriters who can make informed decisions.


  2. Munich Re
    Average Salary: $161,863
    Munich Re, with headquarters in Germany and a strong presence in Chicago, offers Underwriter roles with a global perspective. Here, Underwriters analyze and manage risks for various types of insurance, including property and casualty.


  3. Swiss Re
    Average Salary: $157,000
    Swiss Re, based in Switzerland with offices in Chicago, seeks skilled Underwriters. Employees here assess risks for different insurance products, working closely with clients to provide tailored coverage solutions.


  4. Liberty Mutual Insurance
    Average Salary: $145,408
    Liberty Mutual Insurance, a leading provider in Chicago, offers Underwriters roles focused on personal and commercial lines. Underwriters here evaluate insurance applications and develop underwriting strategies.


  5. IFG Companies
    Average Salary: $145,000
    IFG Companies, based in Chicago, provides opportunities for Underwriters in specialty insurance. Here, you would work on assessing risks and designing coverage plans for unique insurance needs.


  6. Berkshire Hathaway Specialty Insurance
    Average Salary: $141,818
    Berkshire Hathaway Specialty Insurance, with its Chicago location, offers Underwriters roles in niche insurance sectors. Here, you would evaluate risks and craft customized insurance solutions.


  7. HDI Global Insurance Company
    Average Salary: $141,250
    HDI Global Insurance Company, operating in Chicago, seeks Underwriters who can assess risks for various types of insurance. Employees here collaborate with clients to provide comprehensive insurance coverage.


  8. Wells Fargo
    Average Salary: $135,638
    Wells Fargo, a major financial institution with offices in Chicago, offers Underwriter roles focused on property and casualty insurance. Here, Underwriters work to evaluate risks and design insurance policies.


  9. Argo Group
    Average Salary: $134,675
    Argo Group, based in Chicago, provides opportunities for Underwriters in specialty insurance. Employees here evaluate risks and develop insurance coverage plans for unique needs.


  10. General Placement Service
    Average Salary: $132,500
    General Placement Service, located in Chicago, offers Underwriter roles in various insurance sectors. Here, you would assess risks and create coverage solutions for clients.

Currently 960 Underwriter job openings, nationwide.

How's the job market for a Underwriter in the US?

Learn what a Underwriter does, how to become one, and understand the job outlook. Get simple steps to start your career as a Underwriter today.
Position
Overview
Underwriter
960 Job Openings