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 $150,661 per year in Newark, NJ.

Graph depicting the yearly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $150,661 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $12,555 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $2,897 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter jobs in Newark, NJ, showing an average salary of $72 with varying distribution percentages across salary ranges.

Underwriters in Newark, NJ, earn a solid income. The average yearly salary for an underwriter in this area is around $150,661. This figure reflects the skills and experience needed for the job. Many underwriters find this salary attractive, as it offers a good balance between effort and reward.

Underwriters in Newark can expect to earn between $80,082 and $212,500 annually. The salary range shows that there are opportunities for growth. Those with more experience or specialized skills often earn more. This range provides a clear picture of what a career in underwriting can offer. It also highlights the potential for advancement in this field.

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

Job seekers looking for Underwriter roles near Newark, NJ, will find attractive opportunities in nearby cities. New York, NY, offers the highest average salary at $130,329. Morristown, NJ, follows closely with an average salary of $116,158. Jersey City, NJ, provides a competitive average salary of $104,971. These cities present a range of professional opportunities for those in the underwriting field.

Graph displaying highest paying cities salaries for Underwriter jobs near Newark, NJ, highlighting New York, NY with the highest at $130,329 and Jersey City, NJ with the lowest at $104,971.

New York, NY
Average Salary: $130,329
In New York, NY, professionals in the insurance field can expect a dynamic work environment. The city is home to major insurance companies, offering diverse opportunities. The competitive salary and vibrant business culture make it an attractive place for career growth.
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Morristown, NJ
Average Salary: $116,158
Morristown, NJ, provides a balanced work-life atmosphere for those in the insurance industry. The area is known for its reputable firms, offering stability and growth. Job seekers can enjoy a supportive community and a lower cost of living compared to larger cities.
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Jersey City, NJ
Average Salary: $104,971
Jersey City, NJ, is a bustling hub for insurance professionals. The city's proximity to New York offers a mix of urban and suburban living. Companies in Jersey City value skilled underwriters, providing a chance to work with innovative teams and technologies.
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What are the best paying companies for a Underwriter in Newark, NJ?

PGIM offers one of the highest-paying underwriter jobs in Newark, NJ, with an average salary of $176,389. This company provides a competitive salary and benefits package. Horizon Blue Cross Blue Shield of New Jersey also offers a good salary for underwriters, with an average of $93,114. Both companies provide excellent opportunities for those seeking a rewarding career.

Graph displaying best paying company salaries for Underwriter jobs in Newark, NJ, highlighting PGIM with the highest at $176,389 and Horizon Blue Cross Blue Shield of New Jersey with the lowest at $93,114.

PGIM
Average Salary: $176,389
PGIM offers rewarding Underwriter jobs in Newark, NJ. This global investment management firm provides a dynamic environment for professionals. PGIM operates in various locations worldwide, including Newark, NJ, where they focus on delivering high-quality financial services.
Horizon Blue Cross Blue Shield of New Jersey
Average Salary: $93,114
Horizon Blue Cross Blue Shield of New Jersey offers competitive Underwriter positions in Newark, NJ. This company is a leading health insurer in the state. They provide comprehensive health coverage and operate in multiple locations across New Jersey, including Newark. Underwriters here play a key role in assessing and managing risk.

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

Actuary roles in Newark, NJ, offer one of the highest salaries among related jobs, averaging $159,330 annually. Investment Bankers and Compliance Officers also enjoy competitive pay, with average salaries around $134,000 and $131,250, respectively. Risk Specialists and Portfolio Managers can expect to earn around $126,771 and $119,609 per year, making these positions attractive for those seeking high-paying opportunities.

Graph displaying best paying related job salaries for Underwriter jobs near Newark, NJ, highlighting Actuary with the highest at $159,330 and Business Analyst with the lowest at $102,487.

Actuary
Average Salary: $159,330
Actuaries assess financial risks for companies. They use math and statistics to analyze data. They work for insurance firms and consulting companies.
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Investment Banker
Average Salary: $134,000
Investment bankers help companies raise money. They advise on mergers and acquisitions. They work for major financial institutions.
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Compliance Officer
Average Salary: $131,250
Compliance officers ensure companies follow laws. They review policies and procedures. They work for banks and financial services firms.
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Risk Specialist
Average Salary: $126,771
Risk specialists identify and manage risks. They analyze data to predict potential issues. They work for insurance companies and financial firms.
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Portfolio Manager
Average Salary: $119,609
Portfolio managers oversee investment portfolios. They make decisions to maximize returns. They work for asset management firms and investment banks.
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Risk Management Manager
Average Salary: $113,914
Risk management managers lead teams to assess risks. They develop strategies to mitigate risks. They work for large corporations and financial institutions.
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Risk Analyst
Average Salary: $112,863
Risk analysts evaluate potential risks. They provide insights to help companies make decisions. They work for banks, insurance companies, and consulting firms.
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Wealth Management Advisor
Average Salary: $108,667
Wealth management advisors help clients manage their wealth. They provide financial planning and investment advice. They work for wealth management firms and banks.
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Quantitative Analyst
Average Salary: $108,500
Quantitative analysts use math and statistics to solve financial problems. They develop models to predict market trends. They work for hedge funds and investment banks.
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Business Analyst
Average Salary: $102,487
Business analysts study business processes to improve efficiency. They work with data to identify areas for improvement. They work for consulting firms and corporations.
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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 920 Underwriter job openings, nationwide.

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

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