Underwriter Salaries & Top Paying Companies in Morristown, NJ

Position

City

Salary

How much does a Underwriter make in Morristown, NJ?

The average salary for a Underwriter is $105,165 per year in Morristown, NJ.

Graph depicting the yearly salary distribution for Underwriter jobs in Morristown, NJ, showing an average salary of $105,165 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter jobs in Morristown, NJ, showing an average salary of $8,764 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter jobs in Morristown, NJ, showing an average salary of $2,022 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter jobs in Morristown, NJ, showing an average salary of $51 with varying distribution percentages across salary ranges.

In Morristown, NJ, underwriters earn a competitive salary. On average, an underwriter makes about $105,165 per year. This salary can vary based on experience, qualifications, and the specific company.

Many underwriters in Morristown earn between $67,500 and $218,200 annually. Here are some common salary ranges:

34.20% of underwriters make between $67,500 and $81,200.
11.40% earn between $81,200 and $94,900.
Another 11.40% make between $94,900 and $108,600.
13.30% earn between $108,600 and $122,300.
3.80% make between $122,300 and $136,000.
7.60% earn between $136,000 and $149,700.
9.50% make between $149,700 and $163,400.
1.90% earn between $163,400 and $177,100.
Another 1.90% make between $177,100 and $190,800.
0.00% earn between $190,800 and $204,500.
0.00% make $204,500 or more.

What are the highest paying cities for a Underwriter near Morristown, NJ?

Underwriters near Morristown, NJ, can find strong earning potential. The average salary in Florham Park, NJ, is the highest at $110,570. Nearby, Morris Plains, NJ, offers a solid average salary of $95,360. Job seekers in these areas can expect competitive pay for their expertise.

Graph displaying highest paying cities salaries for Underwriter jobs near Morristown, NJ, highlighting Florham Park, NJ with the highest at $110,570 and Parsippany-Troy Hills, NJ with the lowest at $93,905.

Florham Park, NJ
Average Salary: $110,570
Florham Park offers a vibrant job market for those entering the insurance field. Companies like Chubb and Liberty Mutual provide many opportunities to gain experience. The work environment is professional, with a focus on continuous learning and development.
Find Underwriter jobs in Florham Park, NJ
Morristown, NJ
Average Salary: $109,283
Morristown's insurance industry is strong, with many large firms hiring underwriters. Working here means collaborating with top professionals in a city known for its corporate headquarters. The role involves assessing risks and making informed decisions to ensure company stability.
Find Underwriter jobs in Morristown, NJ
Morris Plains, NJ
Average Salary: $95,360
In Morris Plains, underwriters benefit from a supportive community and access to top insurance companies. This area emphasizes innovation and teamwork, allowing professionals to develop their skills effectively. The work environment is dynamic, with plenty of opportunities for growth.
Find Underwriter jobs in Morris Plains, NJ
Parsippany-Troy Hills, NJ
Average Salary: $93,905
Parsippany-Troy Hills is a hub for insurance companies, offering many chances to start a career in underwriting. Companies like MetLife and Ameriprise Financial provide a solid foundation. The city's business-friendly atmosphere encourages professional development and networking.
Find Underwriter jobs in Parsippany-Troy Hills, NJ

What are the best paying companies for a Underwriter in Morristown, NJ?

Seeking an Underwriter role in Morristown, NJ? Look to The Hartford, Berkley, Crum & Forster, and Sompo International. These companies offer competitive salaries. The Hartford tops the list with an average salary of $141,073. Following closely, Berkley offers around $111,667, while Crum & Forster and Sompo International provide averages of $90,746 and $85,000, respectively.

Graph displaying best paying company salaries for Underwriter jobs in Morristown, NJ, highlighting The Hartford with the highest at $141,073 and Sompo International with the lowest at $85,000.

The Hartford
Average Salary: $141,073
The Hartford offers rewarding opportunities for underwriters in Morristown, NJ. As a global insurance company, they provide a variety of insurance products, including life, auto, and business insurance. They seek underwriters who can analyze risks and make important decisions to help grow the company.
Berkley
Average Salary: $111,667
Berkley is a prominent insurance company with a strong presence in Morristown, NJ. They offer excellent underwriter positions. Their team evaluates and manages risks for various insurance products, helping clients find the right coverage. Being part of Berkley means working in an industry-leading environment.
Crum & Forster
Average Salary: $90,746
Crum & Forster provides underwriters with a dynamic work environment in Morristown, NJ. This company specializes in providing insurance solutions for businesses. They look for underwriters who can assess and manage risks effectively to support their diverse clientele.
Sompo International
Average Salary: $85,000
Sompo International, with its base in Morristown, NJ, offers underwriters a chance to work in a global context. They focus on offering insurance solutions to both businesses and individuals. Their underwriters play a crucial role in evaluating risks and providing tailored insurance products.

What are the best paying Underwriter related jobs in Morristown, NJ?

Job seekers aiming for top pay in Morristown, NJ, can explore roles such as Risk Management Director and Investment Banker. These positions often come with attractive salaries and responsibilities that value skilled underwriters. Another high-paying option includes Actuary, which combines strong analytical skills with the financial rewards that come from managing risk assessments.

Graph displaying best paying related job salaries for Underwriter jobs near Morristown, NJ, highlighting Risk Management Director with the highest at $187,500 and Risk Analyst with the lowest at $134,725.

Risk Management Director
Average Salary: $187,500
This role leads the risk assessment team, ensuring policies align with business goals. The director works closely with insurance providers and risk consultants. It often involves collaborating with investment bankers and actuaries.
Find Risk Management Director jobs in Morristown, NJ
Investment Banker
Average Salary: $182,708
Investment bankers advise on mergers, acquisitions, and raising capital. They need to understand financial risks and often work with underwriters on deals. Companies in Morristown, NJ, look for those with strong analytical skills.
Find Investment Banker jobs in Morristown, NJ
Risk Management Manager
Average Salary: $175,988
A manager in this role oversees risk assessment and mitigation strategies. They create policies to protect the company's assets. They often work alongside actuaries and loss control consultants to ensure comprehensive coverage.
Find Risk Management Manager jobs in Morristown, NJ
Actuary
Average Salary: $170,243
Actuaries analyze financial risks and uncertainties. They use statistical models to predict outcomes. Working in insurance, they collaborate with underwriters to price policies accurately. Many firms in Morristown value their expertise.
Find Actuary jobs in Morristown, NJ
Acquisitions Specialist
Average Salary: $167,450
This position focuses on finding and evaluating potential acquisitions. They work with investment bankers and underwriters to assess risks. An acquisitions specialist helps companies grow by identifying good opportunities.
Find Acquisitions Specialist jobs in Morristown, NJ
Portfolio Manager
Average Salary: $158,389
Portfolio managers oversee investment portfolios, balancing risk and reward. They analyze market trends and adjust investments. Working with certified financial planners, they ensure clients meet their financial goals.
Find Portfolio Manager jobs in Morristown, NJ
Certified Financial Planner
Average Salary: $155,660
Financial planners help clients achieve their financial objectives. They create personalized plans for investing, retirement, and insurance. Many work with underwriters to find the best coverage options.
Find Certified Financial Planner jobs in Morristown, NJ
Insurance Agent
Average Salary: $154,686
Insurance agents sell policies to individuals and businesses. They assess risks and recommend suitable coverage. Agents often work with loss control consultants to minimize claims and enhance client safety.
Find Insurance Agent jobs in Morristown, NJ
Loss Control Consultant
Average Salary: $137,976
These consultants help businesses reduce risks and prevent losses. They develop safety programs and conduct risk assessments. Working with underwriters, they improve policy terms and lower premiums.
Find Loss Control Consultant jobs in Morristown, NJ
Risk Analyst
Average Salary: $134,725
Risk analysts evaluate potential risks and their impact. They analyze data to make informed decisions. Often working with actuaries and risk managers, they help businesses navigate uncertainties.
Find Risk Analyst jobs in Morristown, NJ

Underwriter Salary in Morristown, NJ

How much does a Underwriter make in Morristown, NJ?

What are the highest paying cities for a Underwriter near Morristown, NJ?

What are the best paying companies for a Underwriter in Morristown, NJ?

Currently 829 Underwriter job openings, nationwide.

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

Win at hiring.