Occupational Employment and Wages, May 2015

13-2053 Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
89,960 2.1 % $34.93 $72,650 0.9 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $18.73 $23.70 $31.27 $42.22 $56.06
Annual Wage (2) $38,960 $49,290 $65,040 $87,820 $116,600


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance Carriers 55,600 4.79 $34.54 $71,840
Agencies, Brokerages, and Other Insurance Related Activities 22,490 2.13 $35.96 $74,790
Management of Companies and Enterprises 3,570 0.16 $33.28 $69,220
Nondepository Credit Intermediation 2,200 0.37 $35.66 $74,160
Depository Credit Intermediation 1,320 0.08 $32.66 $67,930

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance Carriers 55,600 4.79 $34.54 $71,840
Insurance and Employee Benefit Funds 220 2.96 $33.80 $70,310
Agencies, Brokerages, and Other Insurance Related Activities 22,490 2.13 $35.96 $74,790
Nondepository Credit Intermediation 2,200 0.37 $35.66 $74,160
Other Financial Investment Activities 920 0.21 $38.79 $80,680

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Contracts Intermediation and Brokerage 710 0.16 $45.54 $94,730
Management, Scientific, and Technical Consulting Services 520 0.04 $38.96 $81,040
Other Financial Investment Activities 920 0.21 $38.79 $80,680
Local Government (OES Designation) 120 (7) $36.92 $76,790
Agencies, Brokerages, and Other Insurance Related Activities 22,490 2.13 $35.96 $74,790


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.




States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 7,170 0.80 1.22 $44.42 $92,380
California 6,750 0.44 0.67 $34.72 $72,210
Illinois 6,010 1.03 1.57 $32.80 $68,230
Texas 5,380 0.47 0.71 $32.80 $68,220
Pennsylvania 5,240 0.92 1.41 $36.57 $76,060



States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 4,210 2.54 3.89 $42.36 $88,120
Nebraska 1,560 1.64 2.51 $27.92 $58,080
South Dakota 500 1.22 1.87 $36.05 $74,980
Georgia 4,920 1.20 1.83 $35.91 $74,680
Massachusetts 3,520 1.04 1.59 $39.69 $82,550



Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 7,170 0.80 1.22 $44.42 $92,380
New Jersey 3,500 0.90 1.37 $42.90 $89,230
Connecticut 4,210 2.54 3.89 $42.36 $88,120
District of Columbia 30 0.05 0.07 $40.51 $84,260
Massachusetts 3,520 1.04 1.59 $39.69 $82,550




Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 5,470 0.84 1.29 $49.68 $103,340
Atlanta-Sandy Springs-Roswell, GA 4,490 1.81 2.78 $36.70 $76,330
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 3,760 1.05 1.61 $34.23 $71,200
Hartford-West Hartford-East Hartford, CT 3,240 5.61 8.59 $42.61 $88,640
Boston-Cambridge-Newton, MA NECTA Division 2,780 1.58 2.42 $40.62 $84,500
Dallas-Plano-Irving, TX Metropolitan Division 2,070 0.89 1.36 $32.07 $66,710
Minneapolis-St. Paul-Bloomington, MN-WI 1,690 0.90 1.38 $30.75 $63,960
Montgomery County-Bucks County-Chester County, PA Metropolitan Division 1,480 1.46 2.24 $36.26 $75,420
Cincinnati, OH-KY-IN 1,430 1.39 2.13 $30.01 $62,420
Seattle-Bellevue-Everett, WA Metropolitan Division 1,400 0.91 1.40 $38.28 $79,620



Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bloomington, IL 960 10.05 15.41 $31.16 $64,820
Hartford-West Hartford-East Hartford, CT 3,240 5.61 8.59 $42.61 $88,640
Sheboygan, WI 220 3.70 5.68 $31.04 $64,560
Columbia, MO 300 3.35 5.13 $27.52 $57,250
Des Moines-West Des Moines, IA 890 2.56 3.93 $30.72 $63,910
Macon, GA 240 2.49 3.81 $23.69 $49,280
Lincoln, NE 420 2.47 3.79 $28.22 $58,690
Portland-South Portland, ME 470 2.34 3.59 $33.53 $69,740
Omaha-Council Bluffs, NE-IA 1,010 2.13 3.26 $27.55 $57,300
Utica-Rome, NY 220 1.82 2.79 $34.99 $72,780



Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 5,470 0.84 1.29 $49.68 $103,340
Bridgeport-Stamford-Norwalk, CT 560 1.33 2.04 $47.15 $98,070
Framingham, MA NECTA Division 90 0.51 0.78 $46.90 $97,560
Charlotte-Concord-Gastonia, NC-SC 1,330 1.19 1.83 $43.53 $90,540
Durham-Chapel Hill, NC 60 0.20 0.30 $43.29 $90,050
Hartford-West Hartford-East Hartford, CT 3,240 5.61 8.59 $42.61 $88,640
Newark, NJ-PA Metropolitan Division 1,290 1.12 1.72 $42.15 $87,670
Peabody-Salem-Beverly, MA NECTA Division 70 0.79 1.21 $40.99 $85,260
Philadelphia, PA Metropolitan Division 1,360 1.54 2.37 $40.78 $84,820
Boston-Cambridge-Newton, MA NECTA Division 2,780 1.58 2.42 $40.62 $84,500

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northeastern Wisconsin nonmetropolitan area 240 1.20 1.83 $24.40 $50,750
Central New York nonmetropolitan area 190 1.49 2.28 $26.62 $55,360
Southern Pennsylvania nonmetropolitan area 120 0.61 0.94 $30.84 $64,150
Southwest Minnesota nonmetropolitan area 90 0.70 1.07 $26.17 $54,420
Central Indiana nonmetropolitan area 70 0.41 0.63 $24.99 $51,980

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Central New York nonmetropolitan area 190 1.49 2.28 $26.62 $55,360
Northeastern Wisconsin nonmetropolitan area 240 1.20 1.83 $24.40 $50,750
Southwest Minnesota nonmetropolitan area 90 0.70 1.07 $26.17 $54,420
Southern Pennsylvania nonmetropolitan area 120 0.61 0.94 $30.84 $64,150
Central New Hampshire nonmetropolitan area 50 0.56 0.86 $32.25 $67,080

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southwest New Hampshire nonmetropolitan area (8) (8) (8) $39.58 $82,330
North Missouri nonmetropolitan area 30 0.30 0.46 $38.19 $79,440
Central New Hampshire nonmetropolitan area 50 0.56 0.86 $32.25 $67,080
Northern Pennsylvania nonmetropolitan area 60 0.35 0.54 $30.92 $64,320
Southern Pennsylvania nonmetropolitan area 120 0.61 0.94 $30.84 $64,150


About May 2015 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(7) The value is less than .005 percent of industry employment.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2015 National Occupational Employment and Wage Estimates

May 2015 State Occupational Employment and Wage Estimates

May 2015 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2015 National Industry-Specific Occupational Employment and Wage Estimates

May 2015 Occupation Profiles

Technical Notes

 

Last Modified Date: March 30, 2016