How much does an ABL Underwriter I make in Michigan? As of September 01, 2026, the average salary for an ABL Underwriter I in Michigan is $61,522 per year, which breaks down to an hourly rate of $30.

However, an ABL Underwriter I's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $74,642
  • Majority Range (25th-75th percentile): $55,043 to $68,389
  • Entry-Level (10th percentile): $49,145

Key Factors That Influence ABL Underwriter I Salaries

An ABL Underwriter I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects ABL Underwriter I Salaries?

Experience is a primary driver of an ABL Underwriter I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $60,091
  • Early Career (1-2 years): $70,801
  • Mid-Level (2-4 years): $92,046
  • Senior-Level (5-8 years): $116,468
  • Expert (over 8 years): $130,373
Job RoleYears of ExperienceAverage Salary
ABL Underwriter I less than 1 year $60,091
Underwriter II - Life 1-2 years $70,801
Underwriter III - Life 2-4 years $92,046
Underwriting Supervisor - Life 5-8 years $116,468
Underwriting Manager - Life over 8 years $130,373

Top Paying Cities for ABL Underwriter I

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Davison: $59,309
  • Decker: $58,598
  • Deckerville: $58,384

ABL Underwriter I Salary by Industry: Top Paying Sectors

For ABL Underwriter I roles, the industry you choose can affect earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Healthcare sectors offer the strongest compensation, at 30% above the average. In contrast, ABL Underwriter positions in Insurance or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view ABL Underwriter I as a support function rather than a direct revenue driver.

The top paying industries for an ABL Underwriter I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services $79,978 $38.0 30%
Healthcare $73,826 $35.0 20%

ABL Underwriter I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an ABL Underwriter I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$55,043
Average $61,522/year
$68,389
$4,587
Average $5,127/month
$5,699
$1,059
Average $1,183/week
$1,315
$26
Average $30/hour
$33
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $68,389 $5,699 $1,315 $33
Average $61,522 $5,127 $1,183 $30
25th Percentile $55,043 $4,587 $1,059 $26

Find Your Next ABL Underwriter I Job

Ready to take the next step in your career? Browse thousands of current ABL Underwriter I job openings on our job board. Use the search bar below to find your perfect match.

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