Underwriting Manager Salaries

1. San Francisco, CA
   Average Salary: $180,701
   In San Francisco, a hub for tech and finance, professionals lead underwriting teams for major companies like Goldman Sachs and Salesforce. The city's dynamic market offers diverse opportunities for growth and innovation.
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2. Los Angeles, CA
   Average Salary: $174,975
   Los Angeles provides a vibrant environment for underwriting managers, with key players like Farmers Insurance and Anthem. The city's diverse industries create a rich landscape for underwriting expertise.
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3. Boston, MA
   Average Salary: $170,039
   Boston offers a prestigious setting for underwriting managers, with leading firms such as Liberty Mutual and State Street. The city's rich history and strong economy provide a solid foundation for career development.
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4. Chicago, IL
   Average Salary: $168,044
   Chicago is a key market for underwriting managers, home to giants like Allstate and CNA Financial. The city's robust financial sector offers numerous opportunities for professional growth.
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5. Philadelphia, PA
   Average Salary: $160,497
   Philadelphia provides a balanced environment for underwriting managers, with notable companies like Cigna and Independence Blue Cross. The city's historic charm and modern business scene create a unique work atmosphere.
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6. Denver, CO
   Average Salary: $155,496
   Denver offers a growing market for underwriting managers, with companies like Denver Health Medical Center and Mutual of Omaha. The city's outdoor lifestyle and business-friendly environment make it an attractive place to work.
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7. Atlanta, GA
   Average Salary: $153,535
   Atlanta is a thriving hub for underwriting managers, with major firms like Aflac and SunTrust. The city's expanding economy and diverse industries provide a dynamic setting for career advancement.
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8. Washington, DC
   Average Salary: $151,310
   Washington, DC, offers a strategic location for underwriting managers, with key players like MetLife and Prudential. The city's political and financial landscape creates a unique and impactful work environment.
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9. Minneapolis, MN
   Average Salary: $145,728
   Minneapolis provides a supportive environment for underwriting managers, with companies like U.S. Bank and Thrivent. The city's strong community and business culture foster professional growth.
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10. Cincinnati, OH
    Average Salary: $145,670
    Cincinnati offers a stable market for underwriting managers, with notable firms like Procter & Gamble and Great American Insurance Group. The city's strong manufacturing base and business-friendly policies create a solid foundation for career development.
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1. Liberty Mutual Insurance
   Average Salary: $202,089
   Liberty Mutual Insurance offers competitive salaries for Underwriting Managers. They operate in multiple locations, including Boston, MA, and New York, NY. Underwriting Managers here focus on risk assessment and policy creation.
   

   
   

2. AXA
   Average Salary: $179,625
   AXA provides a strong salary for Underwriting Managers. They have offices in Paris, France, and New York, NY. At AXA, Underwriting Managers work on evaluating risks and developing insurance policies.
   

   
   

3. AXA XL
   Average Salary: $177,625
   AXA XL offers competitive pay for Underwriting Managers. They operate in London, UK, and New York, NY. Here, Underwriting Managers focus on risk management and insurance solutions.
   

   
   

4. Zurich Insurance
   Average Salary: $168,642
   Zurich Insurance provides a good salary for Underwriting Managers. They have offices in Zurich, Switzerland, and New York, NY. Underwriting Managers here work on assessing risks and creating insurance policies.
   

   
   

5. Great American Insurance Group
   Average Salary: $167,318
   Great American Insurance Group offers a solid salary for Underwriting Managers. They operate in Cincinnati, OH, and New York, NY. Underwriting Managers here focus on risk evaluation and policy development.
   

   
   

6. Wells Fargo
   Average Salary: $163,374
   Wells Fargo offers a competitive salary for Underwriting Managers. They have offices in San Francisco, CA, and New York, NY. Underwriting Managers here work on assessing risks and creating insurance policies.
   

   
   

7. U.S. Bank
   Average Salary: $144,551
   U.S. Bank provides a good salary for Underwriting Managers. They operate in Minneapolis, MN, and New York, NY. Underwriting Managers here focus on risk evaluation and policy creation.
   

   
   

8. Nationwide Mutual Insurance Company
   Average Salary: $134,545
   Nationwide Mutual Insurance Company offers a solid salary for Underwriting Managers. They have offices in Columbus, OH, and New York, NY. Underwriting Managers here work on assessing risks and developing insurance policies.
   

   
   

9. CVS Health
   Average Salary: $109,360
   CVS Health provides a decent salary for Underwriting Managers. They operate in Woonsocket, RI, and New York, NY. Underwriting Managers here focus on risk assessment and policy creation.
   

   
   

10. WCF Insurance
    Average Salary: $61,415
    WCF Insurance offers a lower salary for Underwriting Managers. They operate in Columbus, OH. Underwriting Managers here focus on risk evaluation and policy development.
    

Becoming an Underwriting Manager can lead to a rewarding career. To earn more in this role, focus on key areas that can boost your salary and career prospects. Gaining experience and expertise in underwriting can open up higher-paying positions. Networking with industry professionals can lead to job opportunities that offer better compensation. Continuing education and obtaining relevant certifications can enhance your skills and make you more valuable to employers.

Specializing in a niche area of underwriting can also increase earning potential. For example, focusing on health, property, or casualty insurance can make you an expert in that field. This specialization can lead to higher-paying roles. Seeking out positions in high-demand areas or regions can also result in better salaries. Employers often pay more to attract talent to these locations. Lastly, negotiating salary and benefits effectively can lead to higher earnings. Researching industry standards and being prepared to discuss your value can make a significant difference in your compensation package.

Here are five factors to consider for earning more as an Underwriting Manager:

1. Experience and Expertise: Gain more years of experience and develop deep knowledge in underwriting.
2. Networking: Connect with industry professionals to discover new job opportunities.
3. Education and Certifications: Pursue continuing education and relevant certifications to enhance your skills.
4. Specialization: Focus on a niche area of underwriting to become an expert and attract higher-paying roles.
5. Negotiation: Research and negotiate salary and benefits effectively to increase your earnings.