Insurance Underwriters
Wages & Outlook
Typical Wages
Wages listed below are for a variety of experience and education levels. Make sure that you research the typical entry-level education and work experience and training requirements for this occupation.
This career pays above the statewide median wage.
Wages for Insurance Underwriters *
U S |
$29.13 | $37.82 | $48.66 |
|---|---|---|---|
Minnesota |
$28.80 | $33.30 | $48.60 |
Central Minnesota |
$23.58 | $30.51 | $38.99 |
Northeast Minnesota |
$24.09 | $28.61 | $37.57 |
Northwest Minnesota |
$23.44 | $28.80 | $40.13 |
Southeast Minnesota |
$29.98 | $38.13 | $48.53 |
Southwest Minnesota |
$22.89 | $24.09 | $30.73 |
Seven County Mpls-St Paul, MN |
$30.00 | $37.90 | $49.82 |
* "Low" indicates 25% of workers earn less and 75% earn more.
"Median" indicates 50% of workers earn less and 50% earn more.
"High" indicates 75% of workers earn less and 25% earn more.
Employment
In Minnesota, there are 2,410 workers employed in this small career.
Where do Insurance Underwriters most often work?
- Insurance Carriers and Related Activities
- Management of Companies and Enterprises
- Credit Intermediation and Related Activities
- Administrative and Support Services
- Rental and Leasing Services
Current Demand
No data available.
Future Demand
This career is shrinking.
There will be a need for about 1,462 new Insurance Underwriters to meet market demand between 2020-2030. This includes the demand due to replacement (workers leaving the occupation or retiring) as well as growth.
| U S | 119,400 | 117,200 | -2,200 | -1.8% |
|---|---|---|---|---|
| Minnesota | 2,252 | 2,129 | -123 | -5.5% |
| Central Minnesota | 37 | 37 | 0 | 0% |
| Northeast Minnesota | 34 | 33 | -1 | -2.9% |
| Southwest Minnesota | 162 | 156 | -6 | -3.7% |
| Seven County Mpls-St Paul, MN | 2,039 | 1,925 | -114 | -5.6% |
Source: You can learn about our data sources in the About Us section.