▼2%
$93,433
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$57k
MEDIAN
$93k
90%
$130k
The average salary for a Senior Underwriter is $93,433 in 2025
Base Salary
$57k - $130k
Bonus
$2k - $13k
Profit Sharing
$0 - $17k
Total Pay
$58k - $135k
Is Average Senior Underwriter with Financial Analysis Skills Salary in Chicago, Illinois your job title? Find out what you should be paid
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What is the Pay by Experience Level for Senior Underwriters?
What Do Senior Underwriters Do?
Find your market worth – how it works:
Common Health Benefits for a Senior Underwriter
Medical
81%
Dental
81%
Vision
75%
None
19%
Gender Breakdown for Senior Underwriters
Female
75.0%
Male
25.0%
This data is based on 12 survey responses. Learn more about the gender pay gap.
FAQs About Senior Underwriters
What is the highest pay for Senior Underwriters in Chicago?
Our data indicates that the highest pay for a Senior Underwriter in Chicago is $130k / year
What is the lowest pay for Senior Underwriters in Chicago?
Our data indicates that the lowest pay for a Senior Underwriter in Chicago is $57k / year
How can Senior Underwriters increase their salary?
Increasing your pay as a Senior Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Senior Underwriter that oversees more junior Senior Underwriters, this experience can increase the likelihood to earn more.