How much does a Group Underwriter make in Maryland? As of October 01, 2026, the average salary for a Group Underwriter in Maryland is $67,598 per year, which breaks down to an hourly rate of $32.

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

  • Top Earners (90th percentile): $81,889
  • Majority Range (25th-75th percentile): $62,419 to $75,079
  • Entry-Level (10th percentile): $57,703

Key Factors That Influence Group Underwriter Salaries

A Group 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 Group Underwriter Salaries?

Experience is a primary driver of a Group 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): $66,040
  • Early Career (1-2 years): $80,407
  • Mid-Level (2-4 years): $90,263
  • Senior-Level (5-8 years): $115,072
  • Expert (over 8 years): $115,987
Job RoleYears of ExperienceAverage Salary
Group Underwriter less than 1 year $66,040
Budget Analyst II 1-2 years $80,407
Budget Analyst III 2-4 years $90,263
Budget Analyst IV 5-8 years $115,072
Budgeting Supervisor over 8 years $115,987

Top Paying Cities for Group 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:

  • Owings: $69,603
  • Riverdale: $72,093
  • College Park: $72,011

Group Underwriter Salary by Industry: Top Paying Sectors

For Group Underwriter roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Telecom and Retail & Wholesale sectors offer the strongest compensation, at 10% above the average. In contrast, Group Underwriter positions in Transportation or Software & Networking typically offer lower base pay, as these industries often view Group Underwriter as a support function rather than a direct revenue driver.

The top paying industries for a Group Underwriter

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Telecom $74,358 $36.0 10%
Retail & Wholesale $73,682 $35.0 9%
MFG Nondurable $73,006 $35.0 8%
Media $72,330 $35.0 7%
Insurance $71,654 $34.0 6%

Group Underwriter Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Group 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 October 01, 2026
$62,419
Average $67,598/year
$75,079
$5,202
Average $5,633/month
$6,257
$1,200
Average $1,300/week
$1,444
$30
Average $32/hour
$36
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $75,079 $6,257 $1,444 $36
Average $67,598 $5,633 $1,300 $32
25th Percentile $62,419 $5,202 $1,200 $30

Find Your Next Group Underwriter Job

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

  • Zurich Insurance Company Ltd. | CHELSEA AND CLINTON, NY

    Zurich Insurance Company Ltd. | CHELSEA AND CLINTON, NY

    Zurich Insurance Company Ltd. seeks an Executive Underwriter to lead underwriting of complex commercial risks within our Finance & Insurance portfolio. In ... more

    16 Days Ago

  • Zurich Insurance Company Ltd. | CHERRY HILLS VILLAGE, CO

    Zurich Insurance Company Ltd. | CHERRY HILLS VILLAGE, CO

    Zurich Insurance Company Ltd. seeks an Underwriting Specialist / Executive Underwriter to assess, price, and manage complex commercial risks within our Ins... more

    16 Days Ago

  • Zurich Insurance Company Ltd. | BOSTON, MA

    Zurich Insurance Company Ltd. | BOSTON, MA

    Zurich Insurance Company Ltd. seeks an Executive Underwriter or AVP, Underwriting Director to lead complex commercial insurance underwriting within our Ins... more

    16 Days Ago

  • Zurich Insurance Company Ltd. | FEASTERVILLE, PA

    Zurich Insurance Company Ltd. | FEASTERVILLE, PA

    Zurich Insurance Company Ltd. seeks an Executive Underwriter or AVP Underwriting Director to lead complex commercial underwriting within our Insurance depa... more

    16 Days Ago

  • Zurich Insurance Company Ltd. | SCHILLER PARK, IL

    Zurich Insurance Company Ltd. | SCHILLER PARK, IL

    Zurich Insurance Company Ltd. seeks an Executive Underwriter / AVP Underwriting Director to lead middle market underwriting for complex commercial accounts... more

    16 Days Ago

  • Zurich Insurance Company Ltd. | ADDISON, TX

    Zurich Insurance Company Ltd. | ADDISON, TX

    Zurich Insurance Company Ltd. is seeking an Executive Underwriter, Umbrella/Excess Casualty to underwrite complex commercial casualty accounts. You will an... more

    16 Days Ago

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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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