Average Underwriter Salary in India
The average annual salary of Underwriter is ₹5,04,517.00
The starting salary of Underwriter is between ₹1,78,398.00 and ₹2,09,880.00 whereas the maximum salary range is between ₹10,80,000.00 and ₹12,42,000.00.
Minimum Annual Pay | Maximum Annual Pay |
---|---|
₹1,78,398.00 | ₹12,42,000.00 |
- Currency : INR
- Annual Salary : ₹5,04,517.00
- Weekly Pay : ₹9,240.00
- Fortnightly Salary : ₹18,480.00
- Monthly Salary : ₹40,041.00
Underwriter Salary Comparison by Gender
This pie chart demonstrates the gender share for Underwriter. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, male employees are involved significantly more as Underwriter compared to female. Their involvement is 60% while of female is only 40%.
Salary Distribution Based on Years of Experience
The line graph shows Underwriter salary in India on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Underwriter working less than a year in a company, you notice that their annual salary starts around ₹3,05,507.27.
As the years of experience reaches 1 to 4, there is a significant increase of ₹63,360.97 which would give a total wage of INR368,868.24.
Once the experience reaches 5-9 years Underwriter salary would increase again to a total of ₹6,24,691.07, adding ₹2,55,822.83 from the last salary increase.
After reaching the 10-19 year experience in their career, decrease in salary is noted to a total of ₹11,10,929.82.
Prominent Skills Affecting Underwriter Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Underwriter's salary. It clearly highlights the skills needed for a post of Underwriter when hired by an employer.
The most vital skill expected of Underwriter is Data Analysis which impacts the most than the rest of the skills indicated with a staggering 51% comparatively. Therefore, one’s salary would greatly depend on their skills in Data Analysis.
The skill least likely to affect one’s pay would be Microsoft Excel with 3%. It can be said that Microsoft Excel skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Underwriter. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is ₹3,07,755.00 whereas the highest earning is ₹11,50,299.00 which clearly shows the salary increases with the level of expertise.
Late Career person will earn the maximum salary of ₹11,50,299.00 at 128%. So to summerize, Entry Level earns 39% less than the average salary, Early Career earns 27% less than the average salary, Mid Carrer earns 25% more than the average salary, Late Career earns 128% more than the average salary.
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