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In Newark, NJ, underwriters have the potential to earn a solid income. The average yearly salary for underwriters in this area stands at around $152,653. This figure reflects the skill and expertise that underwriters bring to their roles. Many underwriters in Newark find their work rewarding and lucrative.
Different factors can influence how much an underwriter earns in Newark. Years of experience, specific industry focus, and company size can all play a part. An underwriter's ability to evaluate risks and make informed decisions can also affect their salary. The data shows a range of salaries, from $80,082 to $212,500. This wide range highlights the earning potential for those in the field. Understanding these factors can help job seekers target positions that match their career goals and experience level.

New York, NY
Average Salary: $133,030
In New York, opportunities in risk assessment thrive. Companies like Aon and Marsh seek skilled professionals to evaluate potential risks. The fast-paced environment demands keen analytical skills and attention to detail.
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Morristown, NJ
Average Salary: $115,824
Morristown offers a mix of traditional and modern roles in risk management. Companies such as Chubb and Liberty Mutual provide stable positions. Employees often work with teams to minimize risks for their clients.
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Jersey City, NJ
Average Salary: $105,539
Jersey City has a growing market for risk professionals. Companies like Berkshire Hathaway and Zurich Insurance look for experts to help manage insurance risks. The city's vibrant atmosphere complements the dynamic nature of the job.
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PGIM
Average Salary: $177,955
PGIM offers exciting opportunities for Underwriters in Newark, NJ. As part of a global investment management firm, you'll have a chance to work on a wide array of insurance products. This company operates offices in major financial centers worldwide, making it a great choice for those looking to grow their career in underwriting.
Horizon Blue Cross Blue Shield of New Jersey
Average Salary: $93,114
Horizon Blue Cross Blue Shield of New Jersey provides comprehensive health coverage and is a leader in the insurance industry. The Underwriter role here involves analyzing insurance applications and determining risk levels. This company has multiple locations in New Jersey, including Newark, offering a dynamic work environment focused on community health.

Actuary
Average Salary: $158,020
Actuaries evaluate financial risks and future uncertainties. They work with insurance and retirement companies. These professionals analyze data to help set premium rates. Actuaries often use complex statistical methods to forecast outcomes.
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Risk Analyst
Average Salary: $136,234
Risk analysts assess potential risks for businesses. They review data to identify financial hazards. Companies rely on their analysis to make informed decisions. This role often involves working with investment firms and financial institutions.
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Investment Banker
Average Salary: $134,000
Investment bankers help companies raise capital. They advise on mergers and acquisitions. Bankers work with large financial firms. Their job involves analyzing market trends to guide investment strategies.
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Compliance Officer
Average Salary: $131,250
Compliance officers ensure companies follow laws and regulations. They review business practices and policies. Officers work to prevent legal issues and fines. This role is important for maintaining ethical standards.
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Risk Specialist
Average Salary: $126,771
Risk specialists focus on identifying and managing risks. They assess potential threats to businesses. Specialists work with insurance and financial firms. Their goal is to minimize the impact of unforeseen events.
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Portfolio Manager
Average Salary: $119,609
Portfolio managers oversee investment portfolios. They make decisions to maximize returns. Managers analyze market trends and economic data. This role involves working with wealth management firms.
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Risk Management Manager
Average Salary: $113,914
Risk management managers lead teams to assess company risks. They develop strategies to mitigate potential threats. Managers work with various departments to ensure safety. Their role is crucial for business continuity.
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Wealth Management Advisor
Average Salary: $108,667
Wealth management advisors help clients manage their investments. They offer personalized financial advice. Advisors work with high-net-worth individuals. Their goal is to help clients achieve their financial goals.
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Quantitative Analyst
Average Salary: $104,625
Quantitative analysts use mathematical models to solve financial problems. They analyze market data to make predictions. Analysts work with hedge funds and investment banks. Their role involves complex data analysis.
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Business Analyst
Average Salary: $103,357
Business analysts study company operations to improve efficiency. They gather and analyze data to identify areas for improvement. Analysts work in various industries. Their insights help companies make better decisions.
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