Curious how people think about compensation growth in underwriting after the first several years. Early on the raises felt noticeable, but lately they’ve been pretty small even though the accounts I handle are much larger. It’s making me wonder if the real way to increase salary in this field is switching companies rather than staying put. Has that been true in your experience?

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That is partially on timing and the market. After those first few years, promotions start to matter more. You’ll start to manage those large accounts, but you won’t see the rewards of it until you get a title change.

I have several friends in underwriting that seem to be doing really well. I honestly think it depends on the company. I have seen several people jump to other companies to get bigger increases in salary.

Job hopping works wonders for a significant pay bump.

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