Business & Finance Madison, WI
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Insurance Underwriter Salary in Madison, Wisconsin
The median insurance underwriter salary in Madison, WI is $77,860 per year, which is 0.0% above the national median and 8.7% above the Wisconsin state average.
City Median
$77,860
vs State Avg
+$6,229
vs National
+$0
Cost of Living
100%
Insurance Underwriter Salary in Madison by Experience
In Madison, an entry-level insurance underwriter earns around $50,000, while experienced professionals earn up to $115,000 per year. The local cost of living index is 100% of the national average.
Entry Level (0-2 yrs)
$50,000
+$0 vs national
Mid Level (3-7 yrs)
$78,000
+$0 vs national
Senior Level (8+ yrs)
$115,000
+$0 vs national
Salary Percentiles in Madison, WI
| Percentile | Madison |
|---|---|
| 10th Percentile | $48,600 |
| 25th Percentile | $61,200 |
| Median (50th) | $77,860 |
| 75th Percentile | $100,000 |
| 90th Percentile | $126,400 |
Insurance Underwriter Salary in Other Wisconsin Cities
How to Become a Insurance Underwriter in Madison
Education
Most insurance underwriter positions require a bachelor's degree. Madison and the surrounding Wisconsin area have institutions offering relevant programs.
Key Skills
Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail
Job Outlook
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Madison may vary based on local industry and population growth.