Occupational Employment and Wages, May 2013

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)
92,540 2.0 % $33.71 $70,110 0.7 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $18.95 $23.58 $30.66 $41.17 $53.73
Annual Wage (2) $39,410 $49,040 $63,780 $85,640 $111,750


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 64,750 5.51 $33.92 $70,550
Agencies, Brokerages, and Other Insurance Related Activities 18,350 1.97 $33.87 $70,450
Management of Companies and Enterprises 3,030 0.14 $30.62 $63,690
Nondepository Credit Intermediation 2,160 0.36 $33.42 $69,510
Depository Credit Intermediation 1,040 0.06 $31.37 $65,240

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 64,750 5.51 $33.92 $70,550
Agencies, Brokerages, and Other Insurance Related Activities 18,350 1.97 $33.87 $70,450
Nondepository Credit Intermediation 2,160 0.36 $33.42 $69,510
Activities Related to Credit Intermediation 420 0.15 $33.42 $69,510
Management of Companies and Enterprises 3,030 0.14 $30.62 $63,690

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 130 0.03 $40.69 $84,630
Outpatient Care Centers 30 0.01 $39.37 $81,890
Local Government (OES Designation) 120 (7) $36.65 $76,240
Insurance and Employee Benefit Funds (8) (8) $34.65 $72,070
Insurance Carriers 64,750 5.51 $33.92 $70,550


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)
California 8,570 0.58 0.83 $36.17 $75,230
New York 7,500 0.87 1.24 $40.13 $83,480
Illinois 6,620 1.16 1.66 $32.77 $68,160
Texas 6,430 0.59 0.84 $32.72 $68,060
Pennsylvania 4,850 0.86 1.24 $35.15 $73,110




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 3,490 2.13 3.06 $42.66 $88,740
Nebraska 1,380 1.49 2.13 $26.90 $55,950
Massachusetts 4,170 1.28 1.84 $34.94 $72,670
Iowa 1,760 1.18 1.69 $29.28 $60,900
Illinois 6,620 1.16 1.66 $32.77 $68,160




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New Jersey 2,790 0.73 1.05 $43.89 $91,280
Connecticut 3,490 2.13 3.06 $42.66 $88,740
New York 7,500 0.87 1.24 $40.13 $83,480
Washington 2,080 0.73 1.05 $38.20 $79,460
California 8,570 0.58 0.83 $36.17 $75,230





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)
Chicago-Joliet-Naperville, IL Metropolitan Division 4,980 1.35 1.93 $33.19 $69,040
New York-White Plains-Wayne, NY-NJ Metropolitan Division 4,080 0.78 1.11 $46.64 $97,020
Atlanta-Sandy Springs-Marietta, GA 3,830 1.66 2.37 $35.54 $73,920
Boston-Cambridge-Quincy, MA NECTA Division 2,950 1.69 2.42 $37.02 $77,000
Dallas-Plano-Irving, TX Metropolitan Division 2,610 1.21 1.74 $33.69 $70,080
Philadelphia, PA Metropolitan Division 2,600 1.41 2.03 $36.89 $76,740
Hartford-West Hartford-East Hartford, CT 2,460 4.39 6.29 $43.60 $90,680
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 2,160 0.54 0.78 $38.38 $79,830
Seattle-Bellevue-Everett, WA Metropolitan Division 1,640 1.13 1.62 $39.79 $82,760
Minneapolis-St. Paul-Bloomington, MN-WI 1,530 0.86 1.23 $30.84 $64,150




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)
Columbia, MO 430 4.83 6.92 $26.06 $54,210
Hartford-West Hartford-East Hartford, CT 2,460 4.39 6.29 $43.60 $90,680
Des Moines-West Des Moines, IA 1,210 3.66 5.25 $30.03 $62,460
Sheboygan, WI 180 3.31 4.75 $31.19 $64,880
Portland-South Portland-Biddeford, ME 580 2.91 4.18 $34.58 $71,930
Macon, GA 200 2.18 3.12 $23.39 $48,640
Gainesville, FL 240 1.98 2.84 $29.58 $61,530
Burlington, NC 100 1.86 2.67 $33.35 $69,370
Sioux Falls, SD 250 1.77 2.54 $33.53 $69,750
Utica-Rome, NY 210 1.76 2.52 $29.04 $60,400




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)
Newark-Union, NJ-PA Metropolitan Division 1,310 1.37 1.97 $47.43 $98,640
Bridgeport-Stamford-Norwalk, CT 530 1.27 1.82 $47.11 $97,990
New York-White Plains-Wayne, NY-NJ Metropolitan Division 4,080 0.78 1.11 $46.64 $97,020
Hartford-West Hartford-East Hartford, CT 2,460 4.39 6.29 $43.60 $90,680
Edison-New Brunswick, NJ Metropolitan Division 390 0.40 0.57 $42.08 $87,530
Durham-Chapel Hill, NC 70 0.25 0.35 $41.66 $86,660
Charlotte-Gastonia-Rock Hill, NC-SC 1,280 1.46 2.09 $41.59 $86,520
Seattle-Bellevue-Everett, WA Metropolitan Division 1,640 1.13 1.62 $39.79 $82,760
Brockton-Bridgewater-Easton, MA NECTA Division 40 0.44 0.63 $39.73 $82,630
Pittsburgh, PA 530 0.47 0.68 $38.98 $81,070

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)
Central New York nonmetropolitan area 190 1.48 2.11 $25.39 $52,810
West Central Pennsylvania nonmetropolitan area 90 0.59 0.85 $29.09 $60,520
Northwest Iowa nonmetropolitan area 80 0.57 0.81 $22.25 $46,270
Northwest Illinois nonmetropolitan area 80 0.60 0.86 $33.46 $69,600
Northwestern Oklahoma nonmetropolitan area 80 0.69 0.98 $26.61 $55,340

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 1.48 2.11 $25.39 $52,810
Northwestern Oklahoma nonmetropolitan area 80 0.69 0.98 $26.61 $55,340
Northwest Illinois nonmetropolitan area 80 0.60 0.86 $33.46 $69,600
West Central Pennsylvania nonmetropolitan area 90 0.59 0.85 $29.09 $60,520
Southwest Minnesota nonmetropolitan area 70 0.59 0.84 $24.63 $51,240

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)
West Northwestern Ohio nonmetropolitan area (8) (8) (8) $34.56 $71,880
Northwest Illinois nonmetropolitan area 80 0.60 0.86 $33.46 $69,600
Other Ohio nonmetropolitan area 60 0.23 0.32 $31.20 $64,910
Western Central North Carolina nonmetropolitan area 50 0.19 0.28 $30.31 $63,040
Northern Vermont nonmetropolitan area (8) (8) (8) $30.06 $62,520


About May 2013 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 mean 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 2013 National Occupational Employment and Wage Estimates

May 2013 State Occupational Employment and Wage Estimates

May 2013 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2013 National Industry-Specific Occupational Employment and Wage Estimates

May 2013 Occupation Profiles

Technical Notes

 

Last Modified Date: April 1, 2014