As of April 01, 2025, the average annual salary for a Vice President of Underwriting in the United States is $316,210. Salary.com reports that pay typically ranges from $281,090 to $348,490, with most professionals earning between $249,115 and $377,879.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $348,490 | $29,041 | $6,702 | $168 |
| Average | $316,210 | $26,351 | $6,081 | $152 |
| 25th Percentile | $281,090 | $23,424 | $5,406 | $135 |
An entry-level Vice President of Underwriting with less than 1 year of experience earns about $294,719. With 1-2 years of experience, the average salary increases to $297,864. For 2-4 years of experience, the pay typically rises to $302,057. Senior-level professionals with 5-8 years of experience earn around $308,347, and those with over 8 years of experience can expect an average of $316,210.
| Levels | Salary |
|---|---|
| Entry Level Vice President of Underwriting | $294,719 |
| Intermediate Level Vice President of Underwriting | $297,864 |
| Senior Level Vice President of Underwriting | $302,057 |
| Specialist Level Vice President of Underwriting | $308,347 |
| Expert Level Vice President of Underwriting | $316,210 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Vice President of Underwriting compensation over the past six years. For example, the median salary increased from $255,345 in 2023 to approximately $249,986 in 2024. (For a detailed analysis of Vice President of Underwriting salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Vice President of Underwriting information for you to search for. Click on search button below to see Vice President of Underwriting job openings or enter a new job title here.
Here are companies hiring for Vice President of Underwriting and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $316,210 | 78.2% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $15,038 | 3.7% | ||
| 401K/403B | $11,750 | 2.9% | ||
| Disability | $2,530 | 0.6% | ||
| Healthcare | $6,056 | 1.5% | ||
| Pension | $13,750 | 3.4% | ||
| Time Off | $38,918 | 9.6% | ||
| Total Compensation | $404,252 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.4% |
| High School | 8.5% |
| Associates | 3.7% |
| Bachelors | 51.2% |
| Masters | 24.4% |
| Doctorate | 9.8% |
What Am I Worth?
The average salary for a Vice President of Underwriting ranges from $259,540 to $370,550, with a midpoint of $313,720. While specific bonus data for this role isn't provided, bonuses typically represent a significant portion of total compensation, often around 25% of the salary.
The salary for a Vice President of Underwriting in the US ranges from $259,540 to $370,550, with a median salary of $313,720. This is significantly higher than the Vice President's salary of $235,100 as of January 2021, reflecting the specialized nature and responsibilities of the underwriting role.
Underwriters, particularly at the Vice President level, can earn substantial salaries. For this role, the salary ranges from a minimum of $259,540 to a maximum of $370,550, with a midpoint of $313,720. This indicates that underwriters in senior positions can indeed make a significant income, well above the average wages reported for the profession.
Banks assign VP titles to enhance client interactions, as clients often prefer engaging with individuals who exhibit seniority and authority. This title not only reflects a level of respect but also aligns with the compensation structure, with salaries ranging from $259,540 to $370,550, ensuring that VPs are recognized for their expertise and influence in the organization.
Experienced underwriters may advance to become senior underwriters or underwriter managers, with salaries ranging from $259,540 to $370,550. To progress into these higher positions, underwriters may need to obtain relevant certifications.
The highest paying underwriting job is the Vice President of Underwriting, with a salary range of $259,540 to $370,550 per year. This role typically involves overseeing underwriting operations and strategy, making it a key position in the insurance industry. Other high-paying roles include Chief Underwriter and Underwriting Director, but the VP position offers the most competitive compensation.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
