Hello all! I am an associate underwriter in commercial lines for a regional carrier in Boston. I have been in this role for a year. I graduated college in 2019. I was in Sales for a about a year and a half then switched to this role. I make $56 a year. I know my company underpays it’s employees but I am curious how much more I could be making? I will likely be promoted to a Level 1 underwriter within the next 6 months to a year at the latest. Thanks!

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You are paid more than fair for entry level.

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I started in 2017, and pay was $57,500 for a 35 hour work week. I would say $56K is low especially for 1 year of experience. I believe most of our new hires out of school now start around $65K.

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I’m in MI, fellow 2019 grad, I have friends who are associate UW’s making between 57-67K. We went to school for insurance, and while I know everyone doesn’t discuss their pay the lowest I had heard of anyone starting was 55K in the insurance industry (carrier side) and they were in a rating type position. I feel like that’s low- I have always thought Boston to be a high cost of living than MI.

I agree with this. I’ve been in insurance 12+ years also went to school for insurance and people started around $50-55k. I’ve heard top graduates in the $65-70k range in the Chicago area and consider Boston to be a higher cost of living. If due for a promotion in 6 months, could be worth seeing the salary. Don’t want to get in the habit of jumping companies but certainly that’s where I’ve seen my biggest increases. Take it with a grain of salt but I wouldn’t leave for less than 15-20% base increase assuming all else equal.

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Thank you everyone!! This is helpful info

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