I am commercial lines broker and got a recent opportunity in underwriting. Shall i make the switch? Is underwriting a better career option?

like
Posting as :
works at
You are currently posting as works at

In my opinion, underwriting is significantly better. There is a greater work life balance and the job itself is more straightforward.

like

Underwriters make more money on average than a commercial line broker. The average salary for a CLB is somewhere around $55k where as I’ve seen $90k for an underwriter.

like

Why are you looking to make the switch? That maybe what I need to know before giving you any advise. Better pay, benefits, wlb??

As far as being an underwriter goes, there is a lot more stability. You can make decent money depending on what you do. As an experienced underwriter in commercial lines you can make six figures. There's not nearly as much risk and the hours are fairly stable.

I hear really good things about underwriting. I never made the jump myself but all my friends over there really love it. I would say if you have an interest, go for it.

Aside from the obvious advantage that it's a well-paid position, underwriters have relatively good job security because they learn many skills that are currently in high demand. If you think it's a good fit for you then give it a go!

Can you provide a little more context on your current position and the offer in question? (Salaries, etc.) Both underwriting and brokerage have their pros and cons. Also, although the average salary might be a little higher in underwriting, it’s not that hard to make 6 figures in commercial lines brokerage.

More Posts

Student debt- how do you all handle the mountain of debt? What are your strategies to pay down this quicker? Anyone refinance?

like

Has anyone else been getting "ghosted" recently by prospective clients after submitting and presenting proposals? Seems to be happening more frequently lately. 👻

like

Hii All..
I'm looking for a role in Investment Banking and Finance domain and I would appreciate your support.
Recent MBA-FINANCE graduate with a focus in Investment banking, Financial markets, Financial analysis and reporting
If anyone knows of a job opening where I would be a good fit, I'd appreciate if you could send them my way! Of course, if you have any suggestions for where to start my career , or anyone you'd recommend I speak to, I would be very grateful.

like

Hi Fishes,

Somebody advise me what will be the approx in-hand salary,.

Post Photo
like

I recently got an offer from Mindtree of 30LPA (including 16% variable) and C1 band
Yoe - 12.7
Tech stack - React js/ spring boot (full stack)

I have two queries:
1. Can I negotiate with HR to reduce the variable to 12%?
2. Am i being paid at par with market standard for 12.7 yoe

Hi fishes, I had completed hr round for LTI and later got an email that I had cleared all the stages of their selection process,mentioned abt the designation also and mentioned they will connect with me shortly for next steps, but it's been around 10 days I didn't heard anything back from them, I tried to contact the recruiter but she is not responding, do I still have the offer or will it take some time to get back? Plz provide ur thoughts

like

The best schools for tech besides GSB are?

like

What’s a different career path to go down to be more creative/strategic in marketing without going back to an agency?

like

Hello fishes, Can you guys suggest companies which can provide above 20LPA for Data Scientist role, already have offer of 19 and getting calls but very few ready to go above 20.

YOE-2

I received a verbal offer and accepted without negotiating. Now I feel like I should’ve negotiated. Can I still negotiate? I haven’t received the written letter yet.

like

Starting a new job remotely. Anyone done this recently and have advice?

like

McKinsey & Company Bain & Company Deciding between Kearney and L.E.K for a summer associate role, looking at hopefully transitioning to MBB for full time (dream role, though I like both other firms perfectly fine). Between DT at Kearney and LEK generalist which profile lends best to switching up a tier?
Kearney L.E.K. Consulting McKinsey & Company Boston Consulting Group Bain & Company

like

Hi champs,

What is the industry standard for 5.5 YOE

current company - Oracle
CTC - 25 base + 8L stocks

May get an offer next week from NetApp for MTS 3.

What is the range I can look for?

like
like

If I travel Sun-Fri every week, can I expense a rental for weekend at home if it’s less than cost of Uber/Lyft round trip to airport or cost of parking at airport? Anyone able to get that approved?

like
like

Apartment doesn’t have great direct light. What plants should I get?

Business Program Manager (Engineering) role at Microsoft 8 YOE in industry. What is a good comp package to shoot for? Took a looks at levels.fyi think I’ll land in 60, 61, or 62 (170-185 TC). No offer yet just want to be prepared.

like

What is the best case study resource. I am looking for a case study repository with a lot of cases across industries and types and ideally with a suggested solution as well. I have used consultingcase101 in the past but wondering if there is something better

like

Guys traveling with my 5 month old to Singapore. Please share tips for the travel. I Googled and Tiktoked it and the info has been overwhelming.

like

Additional Posts in Insurance

Does anyone have any experience working at Great American Insurance Company (GAIC)? Have an interview coming up and looking for insight into the company’s culture.

like

How much are you guys getting paid as a Life Underwriter? May you please post your title and YOE. I’m currently researching salaries in order to ask for a match at my current company. Thank you.

like

Can state Medicaid estate recovery take deceased term life insurance policy?

like

Had a recruiter for Markel reach out with an opportunity as a business development specialist. I’m not seeing any salary info online. Anyone work for Markel?

like

Any Sales tips? What has worked for you all when doing cold calls? And any tips and idea on building your book of biz?

like

How do I break into a commercial broker role? I see brokers at my firm working on HVAs everyday and am curious at home much they’re taking home yearly.

like

Anyone work at Chubb? Is it a good company to work for?

like

Anyone have any experience moving from a retail broker to a wholesale brokerage? No offers, have not started looking but considering the change.

like

What’s the appropriate time to wait before following up on an interview? I want to affirm my interest and desire for the role, but don’t want to do so too soon. I submitted a video interview Sunday evening.

like

What is the average salary for a bodily injury adjuster?

like

Hello, what is the average salary for a Claims Unit Manager at Travelers Insurance? Operations, Auto, GL etc. Thank you!

like

Any senior managers, directors or VPs of customer support, operations or advocacy around here in startup world, traditional insurance, fintech or insurtechs? What’s your salary and experience like? Who is hiring remotely?

like

If you interview with a carrier but didn’t get the position, would you recommend applying again and if so how long should you wait to apply?

like

To all underwriters can you advise YOE/salary/state and carrier or size of carrier ?

like

Why do underwriters and brokers go into Corporate risk management?

like

For people who have moved in the industry between p/c carriers. How do your sales goals differ between each carrier? Do the larger carriers have more goals than smaller regional carriers? Thinking of a change but I’m not sure. Currently with a smaller carrier, goals are easily obtainable for me currently. Thanks!

like

What are most producers seeing for their commission % on NB? I have a base salary, so I am not straight commission- BUT I only receive commission on new biz, nothing on renewals/retention. My base is supported by managing and servicing an existing book of biz and the book I have started to build since moving into a more sales directed position.

likesmart
like

Anyone have any feedback about USI? Had a call with a recruiter for some opportunities with USI. Would love to hear anyones experience or thoughts on the company!

likehelpful

I’ve been in the insurance business for nearly 15 years. My main job functions were customer service and claims processing. My base salary has only peaked to 40(ish)k without OT. I’m looking to evolve into a higher paying position. Any advice as to what positions I could look into?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal