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Credit Risk Underwriter Salary in Minnesota

How much does a Credit Risk Underwriter make in Minnesota? As of September 01, 2026, the average salary for a Credit Risk Underwriter in Minnesota is $74,065 per year, which breaks down to an hourly rate of $36.

However, a Credit Risk Underwriter's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $95,286
  • Majority Range (25th-75th percentile): $65,259 to $85,173
  • Entry-Level (10th percentile): $57,241
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Check out Credit Risk Underwriter Job Openings in Minnesota

Key Factors That Influence Credit Risk Underwriter Salaries

A Credit Risk Underwriter'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 Credit Risk Underwriter Salaries?

Experience is a primary driver of a Credit Risk Underwriter'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): $68,836
  • Early Career (1-2 years): $69,101
  • Mid-Level (2-4 years): $72,522
  • Senior-Level (5-8 years): $76,842
  • Expert (over 8 years): $77,151
Job RoleYears of ExperienceAverage Salary
Entry Level Credit Risk Underwriter less than 1 year $68,836
Early Career Level Credit Risk Underwriter 1-2 years $69,101
Mid-Level Level Credit Risk Underwriter 2-4 years $72,522
Senior-Level Level Credit Risk Underwriter 5-8 years $76,842
Expert Level Credit Risk Underwriter over 8 years $77,151

How Do Credit Risk Underwriter Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Credit Risk Underwriters. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $80,138.
  • California: $79,834.
  • Massachusetts: $78,770.

Top Paying Cities for Credit Risk Underwriter

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:

  • Conger: $70,912
  • Courtland: $70,831
  • Darfur: $70,467

Credit Risk Underwriter Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Credit Risk Underwriter'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
$65,259
Average $74,065/year
$85,173
$5,438
Average $6,172/month
$7,098
$1,255
Average $1,424/week
$1,638
$31
Average $36/hour
$41
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $85,173 $7,098 $1,638 $41
Average $74,065 $6,172 $1,424 $36
25th Percentile $65,259 $5,438 $1,255 $31

Find Your Next Credit Risk Underwriter Job

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

  • Heilind | CALABASAS HILLS, CA

    Credit Administrator

    Heilind | CALABASAS HILLS, CA

    Heilind Electronics is seeking a detail-oriented Credit Administrator to support our wholesale electronics distribution business. In this role, you will re... more

    4 Days Ago

  • Silvi Materials | FAIRLESS HILLS, PA

    Credit Specialist

    Silvi Materials | FAIRLESS HILLS, PA

    Title of Position: Credit Specialist. Location: Fairless Hills, PA (Fully On-Site). Industry-Leading Benefits. Medical, Prescription, Dental, Vision, 401K,... more

    7 Days Ago

  • Tranham Partners | NEW YORK, NY

    Analyst Credit Investments

    Tranham Partners | NEW YORK, NY

    Tranham Partners is excited to be supporting a Tier One Private Credit platform as they look to expand their credit investments team with a Analyst / Senio... more

    4 Days Ago

  • Builders FirstSource | OVERLAND PARK, KS

    Credit and Collections Analyst

    Builders FirstSource | OVERLAND PARK, KS

    We are Builders FirstSource, America’s largest supplier of building materials, value-added components and building services to the professional market. You... more

    5 Days Ago

  • Renewal by Andersen Metro & Midwest | INDIANAPOLIS, IN

    Credit Department Administrator

    Renewal by Andersen Metro & Midwest | INDIANAPOLIS, IN

    Renewal by Andersen - Indianapolis, IN. Position Summary. The Credit Department Administrator provides administrative and operational support to the Credit... more

    6 Days Ago

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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