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Group Underwriter Salary in New Jersey

How much does a Group Underwriter make in New Jersey? As of October 01, 2026, the average salary for a Group Underwriter in New Jersey is $71,060 per year, which breaks down to an hourly rate of $34.

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

  • Top Earners (90th percentile): $86,082
  • Majority Range (25th-75th percentile): $65,615 to $78,923
  • Entry-Level (10th percentile): $60,657
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Check out Group Underwriter Job Openings in New Jersey

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): $69,422
  • Early Career (1-2 years): $84,524
  • Mid-Level (2-4 years): $94,885
  • Senior-Level (5-8 years): $120,965
  • Expert (over 8 years): $121,926
Job RoleYears of ExperienceAverage Salary
Group Underwriter less than 1 year $69,422
Budget Analyst II 1-2 years $84,524
Budget Analyst III 2-4 years $94,885
Budget Analyst IV 5-8 years $120,965
Budgeting Supervisor over 8 years $121,926

How Do Group 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 Group Underwriters. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $72,587.
  • California: $72,312.
  • Massachusetts: $71,348.

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:

  • Maywood: $74,452
  • Teterboro: $74,481
  • Alpine: $74,451

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 $78,166 $38.0 10%
Retail & Wholesale $77,455 $37.0 9%
MFG Nondurable $76,745 $37.0 8%
Media $76,034 $37.0 7%
Insurance $75,324 $36.0 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
$65,615
Average $71,060/year
$78,923
$5,468
Average $5,922/month
$6,577
$1,262
Average $1,367/week
$1,518
$32
Average $34/hour
$38
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $78,923 $6,577 $1,518 $38
Average $71,060 $5,922 $1,367 $34
25th Percentile $65,615 $5,468 $1,262 $32

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.

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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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