Underwriter Salaries & Top Paying Companies in Madison, WI

Position

City

Salary

How much does a Underwriter make in Madison, WI?

The average salary for a Underwriter is $76,529 per year in Madison, WI.

Graph depicting the yearly salary distribution for Underwriter jobs in Madison, WI, showing an average salary of $76,529 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter jobs in Madison, WI, showing an average salary of $6,377 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter jobs in Madison, WI, showing an average salary of $1,472 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter jobs in Madison, WI, showing an average salary of $37 with varying distribution percentages across salary ranges.

In Madison, WI, an Underwriter can expect to earn a competitive salary. The average yearly salary for an Underwriter in this area is around $76,529. This figure provides a good benchmark for those considering a career in underwriting in Madison.

Underwriters in Madison can earn salaries that range widely. The lowest 10% of earners make about $39,000 per year, while the highest 10% earn over $124,000 annually. This range reflects the different levels of experience and specialization within the field. For those starting out, salaries begin at the lower end, but with experience and expertise, there is significant potential for growth.

What are the highest paying cities for a Underwriter near Madison, WI?

Job seekers looking for underwriter positions near Madison, WI, can find attractive opportunities in nearby cities. Chicago, IL, offers the highest average salary at $114,311. Minneapolis, MN, follows closely with an average salary of $103,840. These cities provide excellent prospects for those seeking higher compensation in the underwriting field.

Graph displaying highest paying cities salaries for Underwriter jobs near Madison, WI, highlighting Chicago, IL with the highest at $114,311 and Peoria, IL with the lowest at $55,111.

Chicago, IL
Average Salary: $114,311
In Chicago, professionals assess risks for various industries. Major companies like Allstate and Berkshire Hathaway offer many opportunities. The city's diverse economy provides a dynamic work environment.
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Minneapolis, MN
Average Salary: $103,840
Minneapolis offers a strong market for risk assessment. Companies like U.S. Bank and Thrivent Financial provide stable positions. The city's business-friendly atmosphere supports career growth.
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Des Moines, IA
Average Salary: $99,588
Des Moines is a hub for insurance underwriters. Companies like Principal Financial Group and Wellmark Blue Cross Blue Shield are prominent. The city offers a supportive community for professionals.
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Wausau, WI
Average Salary: $76,976
Wausau provides a smaller-city feel with big opportunities. Employers like Wausau Insurance Companies offer solid career paths. The community is tight-knit, making it easy to build professional relationships.
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Racine, WI
Average Salary: $72,950
Racine offers a mix of industry and community. Companies like Snap-on and Johnson Controls provide diverse roles. The city's welcoming environment helps professionals thrive.
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Milwaukee, WI
Average Salary: $68,568
Milwaukee is a center for insurance and finance. Firms like Northwestern Mutual and Wisconsin Energy Corporation offer many positions. The city's vibrant culture enriches the work experience.
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Bloomington, IL
Average Salary: $68,531
Bloomington provides a balanced lifestyle with good job opportunities. Companies like State Farm and Caterpillar Inc. offer stable careers. The city's friendly atmosphere makes it a great place to work.
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Fort Wayne, IN
Average Salary: $65,170
Fort Wayne offers a mix of industry and community. Employers like Parkview Health and Huntington Bank provide solid opportunities. The city's growing economy supports career advancement.
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Appleton, WI
Average Salary: $64,375
Appleton is known for its strong work ethic and community spirit. Companies like ThedaCare and Kimberly-Clark offer many roles. The city's supportive environment helps professionals succeed.
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Peoria, IL
Average Salary: $55,111
Peoria offers a variety of opportunities in the insurance sector. Companies like Caterpillar Inc. and OSF HealthCare provide stable positions. The city's welcoming atmosphere makes it a great place to work.
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What are the best paying companies for a Underwriter in Madison, WI?

American Family Insurance offers one of the highest salaries for underwriters in Madison, WI. With an average salary of $101,571, they provide a competitive compensation package. Church Mutual Insurance, S.I. also stands out, offering an average salary of $89,529 for underwriters.

Graph displaying best paying company salaries for Underwriter jobs in Madison, WI, highlighting American Family Insurance with the highest at $101,571 and Rural Mutual Insurance Company with the lowest at $62,444.

American Family Insurance
Average Salary: $101,571
American Family Insurance offers rewarding Underwriter positions in Madison, WI. They provide a dynamic work environment with opportunities for growth. The company operates across the United States, ensuring a broad range of experiences for its employees.
Church Mutual Insurance, S.I.
Average Salary: $89,529
Church Mutual Insurance, S.I. offers competitive Underwriter salaries in Madison, WI. They focus on providing a supportive and collaborative workplace. The company serves clients across the country, offering diverse career opportunities.
WHEDA
Average Salary: $65,682
WHEDA provides Underwriter roles with a focus on community and development in Madison, WI. They offer a stable work environment with a strong emphasis on employee well-being. The company operates primarily in Wisconsin, supporting local initiatives.
Rural Mutual Insurance Company
Average Salary: $62,444
Rural Mutual Insurance Company offers Underwriter positions with a focus on rural and community support in Madison, WI. They provide a family-oriented work culture. The company operates mainly in Wisconsin, offering a close-knit community for its employees.

What are the best paying Underwriter related jobs in Madison, WI?

Actuary roles in Madison, WI, offer one of the highest salaries among underwriter-related jobs, averaging around $140,448. Portfolio Managers also earn well, with an average salary of $112,396. These positions require strong analytical skills and a deep understanding of financial markets. Quantitative Analysts and Risk Analysts also provide competitive salaries, with averages of $101,870 and $95,890, respectively. These roles involve assessing risks and making data-driven decisions, making them ideal for those with a knack for numbers.

Graph displaying best paying related job salaries for Underwriter jobs near Madison, WI, highlighting Actuary with the highest at $140,448 and Credit Analyst with the lowest at $52,000.

Actuary
Average Salary: $140,448
Actuaries assess risk and uncertainty in various fields. They work with insurance companies to determine premiums and payouts. In Madison, firms like Hub International and Wisconsin Insurance Service hire actuaries for their expertise.
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Portfolio Manager
Average Salary: $112,396
Portfolio managers oversee investment portfolios for clients. They analyze market trends and make decisions to maximize returns. Companies in Madison, such as Baird and Thrivent, often seek skilled portfolio managers.
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Quantitative Analyst
Average Salary: $101,870
Quantitative analysts use mathematical models to inform financial decisions. They work closely with traders and risk managers. In Madison, firms like Northwestern Mutual and American Family Insurance look for talented quantitative analysts.
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Risk Analyst
Average Salary: $95,890
Risk analysts evaluate potential risks and develop strategies to mitigate them. They work in various industries, including finance and insurance. Madison-based companies such as Sentry Insurance and Associated Bank hire risk analysts for their insights.
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Data Analyst
Average Salary: $83,466
Data analysts gather and interpret data to help businesses make informed decisions. They use statistical tools and software. In Madison, organizations like Epic Systems and American Transmission Company seek skilled data analysts.
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Business Analyst
Average Salary: $82,890
Business analysts study an organization's processes and identify areas for improvement. They work with different departments to implement changes. Companies in Madison, such as Fiserv and ProHealth Care, often hire business analysts.
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Insurance Agent
Average Salary: $60,372
Insurance agents sell and manage insurance policies. They help clients understand their coverage options. In Madison, agencies like Allstate and State Farm look for knowledgeable insurance agents.
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Credit Analyst
Average Salary: $52,000
Credit analysts assess the creditworthiness of individuals or businesses. They review financial data and make recommendations. Madison-based financial institutions like U.S. Bank and M&I Bank hire credit analysts for their expertise.
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Underwriter Salary in Madison, WI

How much does a Underwriter make in Madison, WI?

What are the highest paying cities for a Underwriter near Madison, WI?

What are the best paying companies for a Underwriter in Madison, WI?

Currently 1,011 Underwriter job openings, nationwide.

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

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