Underwriter Salaries & Top Paying Companies in Newark, NJ

Position

City

Salary

How much does a Underwriter make in Newark, NJ?

The average salary for a Underwriter is $156,851 per year in Newark, NJ.

Graph depicting the yearly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $156,851 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $13,071 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $3,016 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $75 with varying distribution percentages across salary ranges.

Underwriters in Newark, NJ earn an average yearly salary of $156,851. This figure reflects a variety of roles and levels of experience. The salary range shows that those just starting in the field can expect to earn around $80,082. As they gain experience, salaries can rise significantly, with some underwriters reaching up to $212,500 annually.

The distribution of salaries among underwriters reveals a spread across different income levels. A notable portion, about 39.12%, earn between $152,310 and $164,348. Another 13.97% make between $128,234 and $140,272. Only a small percentage, around 2.79%, earn the highest salaries, which exceed $188,424. This diverse salary range indicates opportunities for growth and advancement.

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

Newark job seekers looking for Underwriter positions can find excellent opportunities nearby. New York, NY, offers the highest average salary at $134,115, making it a top choice for these professionals. Morristown, NJ, and Jersey City, NJ, follow with average salaries of $114,403 and $104,517 respectively, presenting strong alternatives for those seeking lucrative roles.

Graph displaying highest paying cities salaries for Underwriter jobs near Newark, NJ, highlighting New York, NY with the highest at $134,115 and Jersey City, NJ with the lowest at $104,517.

New York, NY
Average Salary: $134,115
In the bustling heart of New York City, working in underwriting offers a fast-paced and dynamic environment. With leading insurance companies like AXA and MetLife, professionals here assess risks and help shape policies. The competitive salary makes it an attractive option for career growth.
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Morristown, NJ
Average Salary: $114,403
Morristown is known for its tranquil yet professional atmosphere. Underwriting roles here provide a good work-life balance. Companies such as Chubb Limited offer stability and growth opportunities. The area’s strong economy supports a robust insurance industry.
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Jersey City, NJ
Average Salary: $104,517
Jersey City combines urban energy with professional opportunities. Underwriters here work in a vibrant setting with companies like Prudential. The area’s growth and development make it an exciting place for career advancement in the financial sector.
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What are the best paying companies for a Underwriter in Newark, NJ?

Newark, NJ offers Underwriters strong career opportunities with competitive salaries. PGIM stands out with its high average salary of $177,955. This makes it a top choice for those seeking top pay in the underwriting field. Another notable company is Horizon Blue Cross Blue Shield of New Jersey, where Underwriters earn an average of $96,371. Both companies provide attractive benefits and chances for professional growth.

Graph displaying best paying company salaries for Underwriter jobs in Newark, NJ, highlighting PGIM with the highest at $177,955 and Horizon Blue Cross Blue Shield of New Jersey with the lowest at $96,371.

PGIM
Average Salary: $177,955
PGIM offers rewarding Underwriter positions. With offices in Newark, this company provides opportunities to evaluate and manage risk across various financial products. PGIM values skilled underwriters who can assess potential risks and contribute to the company’s growth.
Horizon Blue Cross Blue Shield of New Jersey
Average Salary: $96,371
Horizon Blue Cross Blue Shield of New Jersey offers Underwriter roles with a focus on assessing and managing health insurance risks. Located in Newark, this company provides a stable environment for underwriters to work. Employees enjoy a supportive culture and the chance to impact the health and well-being of many.

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

Newark, NJ offers excellent opportunities for individuals interested in high-paying roles related to underwriter jobs. Actuaries often earn the highest salaries, with an average of $160,607 per year. This role involves assessing financial risks and uncertainties, making it a critical part of the insurance and finance sectors. Additionally, Risk Analysts and Risk Specialists also secure competitive wages, with average salaries reaching up to $140,430 and $139,688, respectively. These positions focus on identifying and mitigating potential risks, ensuring businesses can operate smoothly. Job seekers can look forward to strong earning potential in these roles.

Graph displaying best paying related job salaries for Underwriter jobs near Newark, NJ, highlighting Actuary with the highest at $160,607 and Quantitative Analyst with the lowest at $108,722.

Actuary
Average Salary: $160,607
Actuaries assess risk and uncertainty in financial and insurance matters. They work for insurance companies and consulting firms, ensuring policies meet financial needs. Actuaries in Newark often collaborate with underwriters to fine-tune insurance products.
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Risk Analyst
Average Salary: $140,430
Risk analysts identify and evaluate potential risks. They work in finance, insurance, and consulting firms, helping businesses protect their assets. These professionals in Newark often partner with underwriters to design effective risk management strategies.
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Risk Specialist
Average Salary: $139,688
Risk specialists focus on managing and mitigating various risks for organizations. They work across different industries, including finance and insurance. In Newark, risk specialists help underwriters by providing insights and data to improve risk assessments.
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Risk Management Director
Average Salary: $139,682
Directors of risk management oversee risk assessment and strategy development. They lead teams in large corporations, financial institutions, and insurance companies. Newark's directors work closely with underwriters to implement robust risk management policies.
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Portfolio Manager
Average Salary: $136,386
Portfolio managers oversee investment portfolios to maximize returns. They work for investment firms, banks, and financial services companies. Managers in Newark often review investment risks, coordinating with underwriters to balance risk and reward.
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Investment Banker
Average Salary: $134,000
Investment bankers assist companies with financial services such as mergers, acquisitions, and raising capital. They work for major banks and financial institutions. Bankers in Newark collaborate with underwriters to ensure sound financial strategies.
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Compliance Officer
Average Salary: $131,250
Compliance officers ensure that companies follow laws and regulations. They work in various sectors, including finance and insurance. Newark's compliance officers help underwriters maintain regulatory standards and mitigate legal risks.
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Wealth Management Advisor
Average Salary: $125,875
Wealth management advisors help clients manage and grow their wealth. They work for financial services firms and private wealth management companies. Advisors in Newark often consider risk factors, working alongside underwriters to create tailored financial plans.
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Risk Management Manager
Average Salary: $110,483
Risk management managers lead teams to assess and mitigate risks. They work in sectors such as finance, insurance, and corporate environments. Managers in Newark collaborate with underwriters to develop effective risk management frameworks.
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Quantitative Analyst
Average Salary: $108,722
Quantitative analysts use mathematical models to analyze financial markets. They work for investment banks, hedge funds, and financial services firms. Analysts in Newark provide data-driven insights that help underwriters make informed decisions.
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Underwriter Salary in Newark, NJ

How much does a Underwriter make in Newark, NJ?

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

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

Currently 960 Underwriter job openings, nationwide.

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

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