Credit Analysts vs Insurance Underwriters: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Credit Analysts professionals earn $1,090 more per year than Insurance Underwriters professionals — that's 1.4% higher. At the 90th percentile, Credit Analysts earns $168,840 compared to $138,020 for Insurance Underwriters.
Salary Range Comparison
Credit Analysts$52,930 – $168,840
Insurance Underwriters$51,640 – $138,020
$51,640$168,840
Detailed Salary Comparison
| Percentile | Credit Analysts | Insurance Underwriters | Difference |
|---|---|---|---|
| 10th Percentile | $52,930 | $51,640 | +$1,290 |
| 25th Percentile | $63,850 | $63,070 | +$780 |
| Median (50th) | $80,970 | $79,880 | +$1,090 |
| 75th Percentile | $113,850 | $104,820 | +$9,030 |
| 90th Percentile | $168,840 | $138,020 | +$30,820 |
| Mean (Average) | $98,040 | $90,830 | +$7,210 |
Employment Numbers
Credit Analysts
67,370
employed nationwide
Insurance Underwriters
107,820
employed nationwide
Top Paying Cities
Best Cities for Credit Analysts
| City | Median |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $133,180 |
| San Francisco-Oakland-Berkeley, CA | $127,470 |
| Birmingham-Hoover, AL | $105,510 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $105,010 |
| Denver-Aurora-Lakewood, CO | $100,670 |
Best Cities for Insurance Underwriters
| City | Median |
|---|---|
| Denver-Aurora-Lakewood, CO | $106,380 |
| Boston-Cambridge-Nashua, MA-NH | $103,270 |
| Chicago-Naperville-Elgin, IL-IN-WI | $98,860 |
| Seattle-Tacoma-Bellevue, WA | $98,500 |
| Hartford-East Hartford-Middletown, CT | $98,400 |
Frequently Asked Questions
Who earns more: Credit Analysts or Insurance Underwriters?
Credit Analysts professionals earn more, with a median salary difference of $1,090 (1.4% higher) as of 2024 BLS data.
What is the salary range for Credit Analysts?
Credit Analysts salaries range from $52,930 (10th percentile) to $168,840 (90th percentile), with a median of $80,970.
What is the salary range for Insurance Underwriters?
Insurance Underwriters salaries range from $51,640 (10th percentile) to $138,020 (90th percentile), with a median of $79,880.
How many Credit Analysts and Insurance Underwriters jobs are there?
There are approximately 67,370 Credit Analysts positions and 107,820 Insurance Underwriters positions nationwide according to 2024 BLS data.
Is it worth switching from Insurance Underwriters to Credit Analysts?
Career decisions depend on many factors beyond salary. Credit Analysts has a median salary of $80,970 while Insurance Underwriters earns $79,880. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS