Underwriter Salaries & Top Paying Companies in Grand Rapids, MI

Position

City

Salary

How much does a Underwriter make in Grand Rapids, MI?

The average salary for a Underwriter is $101,288 per year in Grand Rapids, MI.

Graph depicting the yearly salary distribution for Underwriter jobs in Grand Rapids, MI, showing an average salary of $101,288 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter jobs in Grand Rapids, MI, showing an average salary of $8,441 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter jobs in Grand Rapids, MI, showing an average salary of $1,948 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter jobs in Grand Rapids, MI, showing an average salary of $49 with varying distribution percentages across salary ranges.

In Grand Rapids, Michigan, an Underwriter earns an average yearly salary of $101,288. This salary can vary based on experience, industry, and specific job role. For instance, those with less experience may start closer to the lower end of the salary range, while seasoned professionals may command higher salaries.

Here are the typical salary ranges for Underwriters in the area:

Entry-level Underwriters can expect to earn around $46,000 to $54,527 annually.
Mid-career Underwriters earn between $63,055 and $80,109 per year.
Experienced Underwriters can make $88,636 to over $139,800 annually.

What are the highest paying cities for a Underwriter near Grand Rapids, MI?

Underwriters near Grand Rapids, MI, can find top pay in Troy, MI, where the average salary reaches $114,866. This city offers strong compensation for those in the field. Additionally, Detroit, MI, provides an average salary of $71,557, another excellent option for job seekers.

Graph displaying highest paying cities salaries for Underwriter jobs near Grand Rapids, MI, highlighting Troy, MI with the highest at $114,866 and Portage, MI with the lowest at $40,000.

Troy, MI
Average Salary: $114,866
In Troy, professionals in the insurance field thrive in a bustling environment. Companies like General Motors and Quicken Loans offer exciting opportunities. Those who excel in risk assessment can find rewarding careers here.
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Detroit, MI
Average Salary: $71,557
Detroit's dynamic job market offers many paths for insurance experts. With large firms like Detroit Re and PricewaterhouseCoopers, skilled individuals can advance their careers. The city's rich history provides a unique backdrop for growth.
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Lansing, MI
Average Salary: $65,374
Lansing provides a balanced setting for those in the insurance industry. Companies like Blue Cross Blue Shield of Michigan offer stable positions. The city's growth attracts those looking for both professional and personal development.
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Southfield, MI
Average Salary: $62,843
Southfield is a hub for insurance careers, with firms such as Farmers Insurance and Guardian Life. Professionals here enjoy a vibrant community and diverse opportunities. The area's economic growth supports career advancement.
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Portage, MI
Average Salary: $40,000
In Portage, insurance experts find a welcoming atmosphere with companies like State Farm and Nationwide. The smaller community offers a supportive environment for growth. It’s an ideal place for those seeking stability and community.
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What are the best paying companies for a Underwriter in Grand Rapids, MI?

The Hartford, Travelers, Member First Mortgage, and KeyBank offer top-notch salaries for underwriters in Grand Rapids, MI. The Hartford leads with an average salary of $125,740, followed closely by Travelers at $112,358. Member First Mortgage and KeyBank offer competitive salaries of $93,333 and $74,500, respectively, making them attractive choices.

Graph displaying best paying company salaries for Underwriter jobs in Grand Rapids, MI, highlighting The Hartford with the highest at $125,740 and KeyBank with the lowest at $74,500.

The Hartford
Average Salary: $125,740
The Hartford offers competitive salaries for Underwriter positions. They provide a comprehensive benefits package, including health insurance and retirement plans. Underwriters at The Hartford work in various locations, with major offices in Grand Rapids, MI, and remote work options.
Travelers
Average Salary: $112,358
Travelers is known for its strong commitment to employee growth. Underwriters at Travelers enjoy a supportive work environment and opportunities for professional development. The company has a main office in Grand Rapids, MI, and regional offices across the country.
Member First Mortgage
Average Salary: $93,333
Member First Mortgage values its underwriting team. They offer a welcoming and inclusive culture where underwriters can thrive. The company operates primarily in Grand Rapids, MI, with a focus on providing quality mortgage services.
KeyBank
Average Salary: $74,500
KeyBank provides a stable environment for underwriters. They focus on teamwork and collaboration. Underwriters at KeyBank support customers in Grand Rapids, MI, and other locations across the country, ensuring the bank's policies are applied correctly.

What are the best paying Underwriter related jobs in Grand Rapids, MI?

Underwriters in Grand Rapids, MI, have several high-paying career options. The Risk Management Director tops the list with an average salary of $313,500. Actuaries and Underwriting Consultants also offer lucrative roles, with average salaries around $179,620 and $160,000, respectively. These positions provide strong earning potential for those in the underwriting field.

Graph displaying best paying related job salaries for Underwriter jobs near Grand Rapids, MI, highlighting Risk Management Director with the highest at $313,500 and Business Analyst with the lowest at $82,254.

Risk Management Director
Average Salary: $313,500
Manages and oversees the risk management strategies for a company. Works closely with senior management to identify and mitigate risks. Collaborates with insurance providers in the area to tailor risk management plans.
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Actuary
Average Salary: $179,620
Analyzes financial risks for companies and clients. Assesses the potential financial impact of future events. Utilizes mathematical models to provide accurate risk assessments, often working alongside insurance firms in Grand Rapids.
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Underwriting Consultant
Average Salary: $160,000
Provides expert advice on insurance policies and risk management. Reviews and evaluates risks for various insurance products. Works with local insurance companies to help shape underwriting policies and decisions.
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Risk Management Manager
Average Salary: $145,464
Oversees the risk management department for an organization. Develops and implements risk management strategies. Partners with local financial services firms to ensure robust risk management frameworks.
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Investment Banker
Average Salary: $117,966
Assists companies in raising capital through various investment strategies. Advises on mergers, acquisitions, and other financial activities. Often works with local financial institutions to navigate complex financial landscapes.
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Portfolio Manager
Average Salary: $113,682
Manages investment portfolios for clients and companies. Develops and implements investment strategies. Works closely with financial firms in the area to ensure optimal portfolio performance.
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Wealth Management Advisor
Average Salary: $107,554
Provides financial planning and investment advice to high-net-worth individuals. Develops personalized financial strategies. Works with local financial advisors to help clients achieve their financial goals.
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Financial Advisor
Average Salary: $92,828
Offers financial advice to individuals and businesses. Helps clients make informed decisions about investments, savings, and financial planning. Works with various financial institutions in Grand Rapids to provide comprehensive services.
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Risk Specialist
Average Salary: $87,188
Specializes in identifying and assessing risks for an organization. Develops risk management plans and strategies. Works with local companies to minimize potential risks and improve safety measures.
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Business Analyst
Average Salary: $82,254
Analyzes business operations and provides solutions to improve efficiency. Works closely with management to identify areas for improvement. Often collaborates with local firms to implement data-driven strategies.
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Underwriter Salary in Grand Rapids, MI

How much does a Underwriter make in Grand Rapids, MI?

What are the highest paying cities for a Underwriter near Grand Rapids, MI?

What are the best paying companies for a Underwriter in Grand Rapids, MI?

Currently 960 Underwriter job openings, nationwide.

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

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