Salary by Education Level
What the Data Shows
For Insurance Underwriters positions, filings requiring a Master's degree carried an average declared salary of $103,395 versus $108,298 for those requiring a Bachelor's - a premium of -4.5%. Across all certified filings with a stated education level, 75.9% accepted a Bachelor's degree as the minimum requirement.
Education vs Salary
| Education Level | Average Salary | Filings | % of Total |
|---|---|---|---|
| Other | $150,000 | 1 | 1.2% |
| None | $130,977 | 6 | 7.2% |
| Bachelor's | $108,298 | 63 | 75.9% |
| Master's | $103,395 | 11 | 13.3% |
| High School | $54,673 | 2 | 2.4% |
Education by Top Employer
| Employer | Most Common Minimum | % Bachelor's | % Master's | Median Salary |
|---|---|---|---|---|
| Swiss Re America Holding Corporation | Bachelor's | 83.3% | 16.7% | $110,000 |
| Westport Insurance Corporation | Bachelor's | 87.5% | 12.5% | $120,515 |
| Marsh USA LLC | Bachelor's | 100% | 0% | $125,000 |
| Risk Specialists Companies Insurance Agency, Inc. | Bachelor's | 100% | 0% | $70,000 |
| National Union Fire Insurance Company of Pittsburgh, Pa. | N/A | N/A | N/A | $105,000 |
| GENERALI US BRANCH | Bachelor's | 100% | 0% | $119,055 |
| Aspen Insurance US Services, Inc | None | 0% | 0% | $115,695 |
| ACE American Insurance Company | N/A | N/A | N/A | $77,000 |
| INTERNATIONAL UNDERWRITING AGENCY | N/A | N/A | N/A | $59,842 |
| Factory Mutual Insurance Company | Bachelor's | 100% | 0% | $93,008 |
| Arch Insurance Group Inc. | Bachelor's | 100% | 0% | $63,995 |
| SOLOMON AGENCY CORP | N/A | N/A | N/A | $56,170 |
| Validus Services, Inc. | None | 0% | 0% | $85,000 |
| Jing Zeng Financial & Insurance Service | N/A | N/A | N/A | $45,635 |
| Traders Insurance Company | High School | 0% | 0% | $24,960 |
| Liberty Mutual Group Inc. | Bachelor's | 100% | 0% | $96,221 |
| Berkley Insurance Company | N/A | N/A | N/A | $85,008 |
| XL GLOBAL SERVICES | Bachelor's | 100% | 0% | $74,880 |
| General Reinsurance Corporation | Master's | 50% | 50% | $145,100 |
| Hiscox Inc. | Bachelor's | 100% | 0% | $75,000 |