Underwriter Salaries & Top Paying Companies in Minneapolis, MN

Position

City

Salary

How much does a Underwriter make in Minneapolis, MN?

The average salary for a Underwriter is $98,934 per year in Minneapolis, MN.

Graph depicting the yearly salary distribution for Underwriter jobs in Minneapolis, MN, showing an average salary of $98,934 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter jobs in Minneapolis, MN, showing an average salary of $8,244 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter jobs in Minneapolis, MN, showing an average salary of $1,903 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter jobs in Minneapolis, MN, showing an average salary of $48 with varying distribution percentages across salary ranges.

Underwriters in Minneapolis, MN earn an average yearly salary of around $98,934. This figure gives a good idea of what professionals in this field can expect to make in the area. The salary range varies quite a bit, offering a good spread for different levels of experience.

Underwriters can make anywhere from about $47,440 to $207,500 annually. Most people in this job start at the lower end of this range. As they gain experience, they can move up. Many professionals see their earnings rise to the middle of the range after a few years. For those with more experience or in senior roles, salaries can reach the higher end of this spectrum.

What are the highest paying cities for a Underwriter near Minneapolis, MN?

Saint Paul offers Underwriters some of the highest salaries near Minneapolis. Positions in Saint Paul pay an average of $105,478. In nearby Bloomington, Underwriters earn around $89,429 per year. Both cities provide strong job opportunities with competitive pay. Minneapolis area job seekers should consider these locations for top-tier Underwriting positions.

Graph displaying highest paying cities salaries for Underwriter jobs near Minneapolis, MN, highlighting Saint Paul, MN with the highest at $105,478 and Eagan, MN with the lowest at $74,633.

Saint Paul, MN
Average Salary: $105,478
In Saint Paul, working in insurance involves evaluating risks and preparing policies. Prominent firms like Allianz and U.S. Bank offer excellent opportunities. The city's professional environment makes it an ideal place for growth.
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Bloomington, MN
Average Salary: $89,429
Bloomington offers a dynamic setting for insurance professionals. Companies like HealthPartners and Target provide many options. The city's vibrant atmosphere boosts both work and personal life.
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Minnetonka, MN
Average Salary: $88,279
Minnetonka's insurance sector is both competitive and supportive. Firms such as Cargill and Ameriprise Financial are leaders here. The city's community spirit enhances job satisfaction.
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Edina, MN
Average Salary: $87,505
Edina provides a thriving market for insurance specialists. Companies like Donaldson Company and Thrivent Financial are notable employers. The city's strong job market offers great career prospects.
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Eagan, MN
Average Salary: $74,633
Eagan offers a well-established environment for insurance jobs. Companies such as Best Buy and HealthPartners are key players. The city's economic growth creates many opportunities for professionals.
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What are the best paying companies for a Underwriter in Minneapolis, MN?

Voya Financial, Wells Fargo, and U.S. Bank offer top-tier salaries for underwriters in Minneapolis. These companies reward underwriters with competitive pay, often exceeding $100,000 annually. Experienced underwriters can expect to thrive with these leading financial firms.

Graph displaying best paying company salaries for Underwriter jobs in Minneapolis, MN, highlighting Voya Financial with the highest at $136,879 and American Family Insurance with the lowest at $79,500.

Voya Financial
Average Salary: $136,879
Voya Financial offers competitive pay for underwriters. This company values its underwriters and offers a rewarding work environment. Voya Financial operates nationwide with offices in Minneapolis, MN.
Wells Fargo
Average Salary: $135,097
Wells Fargo provides a good salary for underwriters. This financial giant operates in many cities, including Minneapolis. It is known for its employee benefits and career growth opportunities.
U.S. Bank
Average Salary: $104,633
U.S. Bank offers a solid salary for underwriters in Minneapolis, MN. The company is well-known for its stability and customer focus. It offers a supportive work environment with opportunities to grow.
AmWINS Group, Inc
Average Salary: $81,450
AmWINS Group, Inc. provides a competitive salary for underwriters. This company operates in several locations, including Minneapolis, MN. It offers a dynamic work environment with chances for professional development.
American Family Insurance
Average Salary: $79,500
American Family Insurance offers a good salary for underwriters. This company is known for its family-oriented culture. It operates in Minneapolis, MN, and provides opportunities for career advancement.

What are the best paying Underwriter related jobs in Minneapolis, MN?

Underwriters in Minneapolis, MN can find related roles with attractive salaries. A Chief Risk Officer earns an average of $192,836 annually, while a Compliance Officer makes around $177,865. Actuaries have an average salary of $156,212, offering strong earning potential. Another lucrative role is that of an Investment Banker, who earns about $136,442 per year. Additionally, a Risk Management Manager can expect to earn around $148,399, providing a stable and profitable career path. Job seekers in these fields can find rewarding and high-paying opportunities in Minneapolis.

Graph displaying best paying related job salaries for Underwriter jobs near Minneapolis, MN, highlighting Chief Risk Officer with the highest at $192,836 and Bank Consultant with the lowest at $126,540.

Chief Risk Officer
Average Salary: $192,836
As a Chief Risk Officer, you make decisions that shape the company's risk strategy. You work closely with senior executives and board members, influencing key company policies. Companies such as U.S. Bank and Thrivent Financial manage risks to protect their investments and clients.
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Compliance Officer
Average Salary: $177,865
Compliance Officers ensure that companies follow all relevant laws and regulations. They develop policies and procedures to maintain compliance. In Minneapolis, you may find roles with firms like Ameriprise Financial and U.S. Bank, helping to maintain the integrity of financial services.
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Actuary
Average Salary: $156,212
Actuaries analyze financial risks using mathematics and statistics. They develop models to forecast future risks and costs. In Minneapolis, actuarial roles are available with companies like UnitedHealth Group and Target, providing valuable insights for financial planning and risk management.
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Certified Financial Planner
Average Salary: $150,910
Certified Financial Planners help clients make informed financial decisions. They offer advice on investments, retirement, and estate planning. Many financial advisors in Minneapolis work with clients to build and protect their wealth, focusing on long-term financial health.
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Risk Management Manager
Average Salary: $148,399
Risk Management Managers oversee risk assessment and mitigation strategies. They implement programs to protect company assets and ensure business continuity. In Minneapolis, you can find these roles with companies like Target and UnitedHealth Group, where they play a vital role in safeguarding operations.
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Underwriting Manager
Average Salary: $147,082
Underwriting Managers lead teams that evaluate and approve insurance applications. They ensure that policies meet company standards and manage underwriting staff. Many underwriters in Minneapolis work with large firms, making critical decisions that impact the company's financial health.
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Wealth Management Advisor
Average Salary: $142,596
Wealth Management Advisors help clients achieve their financial goals. They create personalized investment plans and offer ongoing financial guidance. Many advisors in Minneapolis work with firms like Wells Fargo and Northwestern Mutual, helping clients build and protect their wealth.
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Risk Management Director
Average Salary: $142,180
Risk Management Directors oversee the company's risk management strategy. They develop and implement plans to mitigate potential risks. In Minneapolis, these roles are available with companies like U.S. Bank and General Mills, where they ensure the company's long-term stability.
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Investment Banker
Average Salary: $136,442
Investment Bankers advise companies on financial strategies and transactions. They help with mergers, acquisitions, and capital raising. In Minneapolis, investment bankers work with firms like Piper Sandler and Ameriprise Financial, playing a key role in major financial decisions.
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Bank Consultant
Average Salary: $126,540
Bank Consultants provide expert advice to financial institutions. They help improve operations, risk management, and customer service. Many consultants in Minneapolis work with local banks, offering solutions to enhance efficiency and compliance.
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Underwriter Salary in Minneapolis, MN

How much does a Underwriter make in Minneapolis, MN?

What are the highest paying cities for a Underwriter near Minneapolis, MN?

What are the best paying companies for a Underwriter in Minneapolis, MN?

Currently 960 Underwriter job openings, nationwide.

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

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