Insurance Underwriter vs Credit Analyst: Which Pays More?
Side-by-side salary comparison by city, experience level, and career growth outlook. Data reflects current market rates.
Insurance Underwriter
Evaluate insurance applications and set policy terms and premiums.
Credit Analyst
Assess the creditworthiness of individuals, businesses, or securities.
Credit Analyst earns more on average — the national median is $21,370/year (26%) higher than a Insurance Underwriter. However, salaries vary significantly by city, employer, and experience level — see the city-by-city breakdown below.
Insurance Underwriter vs Credit Analyst — Salary by City
National median figures in USD across top cities.
| City | Insurance Underwriter | Credit Analyst | Difference |
|---|---|---|---|
| San Francisco, CA | $116,321 | $147,763 | Insurance $31,442 |
| New York, NY | $97,453 | $122,799 | Insurance $25,346 |
| Seattle, WA | $112,876 | $145,989 | Insurance $33,113 |
| Austin, TX | $91,022 | $117,209 | Insurance $26,187 |
| Chicago, IL | $86,961 | $113,542 | Insurance $26,581 |
| Boston, MA | $107,567 | $131,570 | Insurance $24,003 |
| London, UK | £63,807 | £82,286 | Insurance $18,479 |
| Toronto, Canada | CA$109,558 | CA$133,012 | Insurance $23,454 |
Frequently Asked Questions
Does a Insurance Underwriter or Credit Analyst earn more?+
A Credit Analyst earns more on average. The national median salary for a Insurance Underwriter is $81,370/year, compared to $102,740/year for a Credit Analyst — a difference of $21,370 (26%).
Which has better career growth — Insurance Underwriter or Credit Analyst?+
Insurance Underwriter roles are growing at 5% YoY while Credit Analyst demand is growing at 8% YoY. Credit Analyst has stronger near-term demand growth.
Can you switch from Insurance Underwriter to Credit Analyst?+
Yes. Many professionals transition between these roles, especially since both are in the same category. Shared skills include: Risk Assessment, Excel.
Which is harder to automate — Insurance Underwriter or Credit Analyst?+
Credit Analyst has a lower AI automation risk (52% vs 82%). Based on Oxford Martin School and McKinsey 2023 analysis.