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Salary

How much does a Underwriting Consultant make?

The average salary for a Underwriting Consultant is $110,669 per year in the US.

Becoming an Underwriting Consultant can lead to a rewarding career with a competitive salary. On average, Underwriting Consultants earn around $110,669 per year. This figure represents the midpoint of earnings, showing the value of the role in the insurance industry.

The salary for Underwriting Consultants varies based on experience and location. Those just starting out might earn closer to the lower end of the spectrum, while seasoned professionals often see their pay increase significantly. Major cities and areas with a high demand for underwriting expertise usually offer higher salaries. Job seekers who aim to increase their earning potential may find it beneficial to gain experience and consider relocating to areas with greater opportunities.

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What are the highest paying cities for a Underwriting Consultant?

Columbus, OH, offers one of the highest salaries for Underwriting Consultants, with an average of $141,172 per year. Atlanta, GA, also stands out with a competitive average salary of $133,666. For those considering Indianapolis, IN, an average salary of $127,653 awaits. Boston, MA, and Chicago, IL, provide attractive opportunities with average salaries of $116,642 and $112,691, respectively. Hartford, CT, and Los Angeles, CA, round out the list with average salaries of $95,882 and $90,389. These cities offer strong financial incentives for skilled Underwriting Consultants.
Graph displaying highest paying cities salaries for Underwriting Consultant jobs, highlighting Columbus, OH with the highest at $141,172 and Los Angeles, CA with the lowest at $90,389.
  1. Columbus, OH
    Average Salary: $141,172
    In Columbus, professionals thrive in a vibrant insurance market. Large firms like Nationwide and Huntington National Bank offer exciting opportunities. With a supportive community, growth prospects are promising.
    Find Underwriting Consultant jobs in Columbus, OH


  2. Atlanta, GA
    Average Salary: $133,666
    Atlanta stands out for its dynamic insurance scene. Companies like Aflac and Allstate provide excellent platforms for growth. The city's growth attracts many firms, making it a hub for underwriting expertise.
    Find Underwriting Consultant jobs in Atlanta, GA


  3. Indianapolis, IN
    Average Salary: $127,653
    Indianapolis offers a robust insurance sector with leading companies such as Indiana Farm Bureau and OneAmerica. The city's strong business environment fosters career advancement and stability.
    Find Underwriting Consultant jobs in Indianapolis, IN


  4. Boston, MA
    Average Salary: $116,642
    Boston combines rich history with modern opportunities. Major firms like MassMutual and Liberty Mutual are leaders in underwriting. The city's educational institutions also create a dynamic professional environment.
    Find Underwriting Consultant jobs in Boston, MA


  5. Chicago, IL
    Average Salary: $112,691
    Chicago is a major hub for the insurance industry. Giants like Allstate and CNA Financial provide diverse roles. The city's business-friendly atmosphere supports professional growth and development.
    Find Underwriting Consultant jobs in Chicago, IL


  6. Hartford, CT
    Average Salary: $95,882
    Hartford, known as the insurance capital, offers numerous opportunities. Companies like The Hartford and Aetna dominate the market. The city's strong industry presence makes it ideal for underwriting careers.
    Find Underwriting Consultant jobs in Hartford, CT


  7. Los Angeles, CA
    Average Salary: $90,389
    Los Angeles presents a thriving market with firms like Farmers Insurance and Blue Shield of California. The city's diverse economy and large market offer extensive job opportunities and growth potential.
    Find Underwriting Consultant jobs in Los Angeles, CA

What are the best companies a Underwriting Consultant can work for?

Intact Insurance Specialty Solutions leads the way in pay for Underwriting Consultants, offering an average salary of over $191,000. Nationwide and CNA Insurance also provide attractive compensation packages, with averages over $149,000 and $111,000 respectively. Companies like UnitedHealthcare, CVS Health, and Manulife present competitive salaries, making them strong options for career advancement in underwriting.
Graph displaying best paying company salaries for Underwriting Consultant jobs, highlighting Intact Insurance Specialty Solutions with the highest at $191,692 and Manulife with the lowest at $76,944.
  1. Intact Insurance Specialty Solutions
    Average Salary: $191,692
    Intact Insurance Specialty Solutions offers high-paying opportunities for Underwriting Consultants. The company operates across various locations, including Toronto, Montreal, and Vancouver. Underwriting Consultants here work with diverse insurance products to assess risk and pricing.


  2. Nationwide
    Average Salary: $149,643
    Nationwide provides attractive salaries for Underwriting Consultants. This company operates in multiple states across the U.S., with major offices in Columbus, Ohio, and Phoenix, Arizona. Underwriting Consultants at Nationwide focus on evaluating insurance applications and managing risk assessment.


  3. CNA Insurance
    Average Salary: $111,537
    CNA Insurance offers competitive pay for Underwriting Consultants. The company has a strong presence in many U.S. cities, including Chicago, Boston, and Los Angeles. At CNA, Underwriting Consultants handle various insurance products, ensuring accurate risk assessment.


  4. UnitedHealthcare
    Average Salary: $109,229
    UnitedHealthcare provides a good salary for Underwriting Consultants. The company is headquartered in Minnetonka, Minnesota, with many other locations across the U.S. Underwriting Consultants here work on managing health insurance risks and pricing strategies.


  5. CVS Health
    Average Salary: $84,694
    CVS Health offers a solid salary for Underwriting Consultants. The company operates nationwide with its main offices in Woonsocket, Rhode Island. Underwriting Consultants at CVS Health focus on assessing risk for health insurance policies, ensuring fair pricing.


  6. Manulife
    Average Salary: $76,944
    Manulife offers Underwriting Consultant positions with a solid salary. The company has offices in many cities across Canada, including Toronto and Vancouver. Underwriting Consultants at Manulife work on various insurance products, helping to manage risks and determine coverage.

How to earn more as a Underwriting Consultant?

Aspiring to increase your earnings as an Underwriting Consultant? There are several key factors that can help you achieve higher pay in this field. One important factor is gaining specialized certifications. Becoming certified in areas like property and casualty or life and health can open up higher-paying job opportunities. Another effective strategy is to develop strong analytical skills. Being able to quickly assess risks and make sound decisions can lead to more lucrative roles.

Networking also plays a crucial role in boosting your income. Building relationships with other professionals in the industry can lead to better job offers and higher salaries. Taking on leadership roles can further enhance your earnings potential. Leading teams or projects demonstrates your ability to manage and can result in higher compensation. Lastly, continuing education is vital. Staying updated with industry trends and advancements helps you remain competitive and can lead to more job opportunities with better pay.

Consider these factors to enhance your career as an Underwriting Consultant and increase your earning potential:

  1. Gain specialized certifications.
  2. Develop strong analytical skills.
  3. Network with industry professionals.
  4. Take on leadership roles.
  5. Continue education and stay updated on industry trends.

Currently 31 Underwriting Consultant job openings, nationwide.

How's the job market for a Underwriting Consultant in the US?

Learn what a Underwriting Consultant does, how to become one, and understand the job outlook. Get simple steps to start your career as a Underwriting Consultant today.
Position
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Underwriting Consultant
31 Job Openings