Occupational Employment and Wages, May 2003

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
State profile for this occupation
Metropolitan area 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)
96,890	2.5 %	$25.56	$53,170	1.0 %

Percentile wage estimates for this occupation:

Percentile	10%	25%	50% (Median)	75%	90%
Hourly Wage	$14.41	$17.55	$22.75	$30.47	$40.42
Annual Wage (2)	$29,970	$36,500	$47,330	$63,370	$84,070

Industry profile for this occupation: Top

Industries with the highest levels of employment in this occupation:

Industry	Employment	Hourly mean wage	Annual mean wage	Employment rank	Wage rank
Insurance carriers	63,700	$25.91	$53,890	1	7
Insurance agencies, brokerages, and related	19,230	$25.27	$52,560	2	9
Management of companies and enterprises	5,020	$23.90	$49,710	3	12
Nondepository credit intermediation	2,900	$25.44	$52,910	4	8
Depository credit intermediation	1,880	$23.44	$48,750	5	15

Top paying industries for this occupation:

Industry	Employment	Hourly mean wage	Annual mean wage	Employment rank	Wage rank
Offices of physicians	(6)	$31.36	$65,230	(6)	1
Securities and commodity contracts brokerage	140	$30.31	$63,050	12	2
Other financial investment activities	270	$28.74	$59,770	8	3
Insurance and employee benefit funds	(6)	$28.55	$59,380	(6)	4
Accounting and bookkeeping services	80	$26.69	$55,520	14	5

State profile for this occupation: Top

States with the highest concentration of workers in this occupation:

State	Employment	Hourly mean wage	Annual mean wage	Percent of State employment	Wage rank within State
Connecticut	3,600	$30.38	$63,180	0.219%	120
Iowa	1,950	$21.68	$45,090	0.138%	162
New Jersey	4,840	$29.90	$62,200	0.125%	134
Illinois	7,100	$26.82	$55,790	0.123%	121
Wisconsin	3,080	$21.91	$45,580	0.114%	197

Top paying States for this occupation:

State	Employment	Hourly mean wage	Annual mean wage	Percent of State employment	Wage rank within State
New York	6,530	$31.38	$65,270	0.079%	123
Massachusetts	3,250	$30.44	$63,310	0.102%	115
Connecticut	3,600	$30.38	$63,180	0.219%	120
New Jersey	4,840	$29.90	$62,200	0.125%	134
Kansas	1,130	$29.70	$61,780	0.087%	63

Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest concentration of workers in this occupation:

MSA	Employment	Hourly mean wage	Annual mean wage	Percent of MSA employment
Bloomington-Normal, IL MSA	1,010	$32.33	$67,250	1.286%
Hartford, CT MSA	3,000	$29.23	$60,810	0.502%
Des Moines, IA MSA	1,190	$21.53	$44,790	0.424%
Manchester, NH PMSA	250	$25.70	$53,460	0.236%
Peoria-Pekin, IL MSA	330	$22.41	$46,620	0.203%

Top paying Metropolitan areas for this occupation:

MSA	Employment	Hourly mean wage	Annual mean wage	Percent of MSA employment
Jersey City, NJ PMSA	(6)	$44.66	$92,900	(6)
Stamford-Norwalk, CT PMSA	340	$41.61	$86,560	0.170%
Middlesex-Somerset-Hunterdon, NJ PMSA	920	$37.80	$78,620	0.147%
New York, NY PMSA	3,260	$37.44	$77,880	0.082%
West Palm Beach-Boca Raton, FL MSA	320	$32.78	$68,180	0.062%

About May 2003 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

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These estimates are calculated with data collected from employers in all industry sectors in metropolitan and non-metropolitan areas in every State and the District of Columbia. The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files(XLS).

Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more. 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.

(6) Estimates not released.

All Business and Financial Operations Occupations

2003 May National Occupational Employment and Wage Estimates

2003 May State Occupational Employment and Wage Estimates

2003 May Metropolitan Area Occupational Employment and Wage Estimates

2003 May National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2003 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

 

Last Modified Date: May 7, 2004