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Search Salaries > Underwriter > Chicago
How much does a Underwriter in Chicago ?

The base salary for a Underwriter in Chicago is 87,400
Also known as: insurance underwriter, group insurance underwriter, commercial insurance underwriter, personal lines underwriter, public liability insurance underwriter, commercial underwriter, casualty insurance underwriter, life underwriter, commercial property underwriter, risk assessor, commercial lines underwriter, accident and sickness insurance underwriter, fire insurance underwriter, automobile insurance underwriter, liability risk assessor, package insurance underwriter.

87,400

Median Base Salary (Percentile 50)
590 observations
(Updated: 06 May 2024)

Confidence

Excellent

Avg. Bonus per year

Of avg. Stock options

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Salary Table

A Underwriter earns register to see pay in Chicago, but the base salary ...

Level Below median
(25th percentile)
Market median
(50th percentile)
Above median
(75th percentile)
Top Competitive
(90th percentile)
Junior 60000 60000 60000 60000
Mid 60000 60000 60000 60000
Senior 60000 60000 60000 60000
Lead 60000 60000 60000 60000
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Bonus & Stock options

This position usually comes with bonuses and the possibility of accessing stock options. Both must be added to ...

Level Min Avg Max
Junior 60000 60000 60000
Mid 60000 60000 60000
Senior 60000 60000 60000
Lead 60000 60000 60000
Experience Min Avg Max
Junior 60000 60000 60000
Mid 60000 60000 60000
Senior 60000 60000 60000
Lead 60000 60000 60000

Supply and demand

Highly supplied position in a highly demanded market
Supply | (<100 professionals)
Demand | (<100 job offers)

Gender gap

Balanced

Male

53%

Female

47%

Benefits

There are statutory benefits associated with a Underwriter in Chicago according to ...

Most Common Benefits

Competitive advantages associated with a Underwriter in Chicago

Side Benefits to attract & retain talent

Additional perks for a Underwriter in Chicago

Statutory Benefits

Mandatory benefits in Chicago
Employers with more than 16 employees must provide one hour of paid sick leave for every 30 hours worked, up to 48 hours. Chicago and Cook County have different regulations.
Employee payroll contributions include FICA Social Security (Federal), FICA Medicare (Federal), and Additional tax on earnings over 200,000 USD.
In Illinois, the workweek is a maximum of 40 hours per week or 8 hours per day. Overtime is paid at 150% of the regular pay.
Common public holidays include New Year’s Day, Martin Luther King Jr. Day, Presidents Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day, totaling 12 days a year.
Employer payroll contributions include Unemployment Insurance (State), Unemployment - New Employer (State), FICA Social Security (Federal), FICA Medicare (Federal), FUTA (Federal Unemployment Tax Act), and Additional tax on earnings over 200,000 USD.
The minimum wage in Illinois is 14.00 USD per hour.
Employment is "at will," meaning either party can terminate the employment relationship without notice. The Worker Adjustment and Retraining Notification Act (WARN) applies for mass dismissals.
Illinois employers must provide employees with up to 40 hours of paid time off during a 12-month period for any reason, effective 1 January 2024.
Foreign nationals require a work visa to work in the United States. Various visa types include H-1B, H-2A, H-2B, L, and O visas.
Federal tax rates for singles, married filing jointly, and heads of households - 37%. Flat rate for singles and married couples filing jointly - 4.95%.