How to Become a Insurance Underwriters in Massachusetts
Insurance Underwriters in Massachusetts earn a median salary of $106,640/year, which is 31% above the national average. Massachusetts has a state income tax of ~5.0%. After taxes and rent, a insurance underwriters takes home approximately $3,101/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Massachusetts
Becoming a insurance underwriters in Massachusetts
Meet education requirements
Insurance Underwriters positions in Massachusetts typically require Bachelor's degree. Programs are available at colleges and training institutions across Massachusetts. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Massachusetts require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Massachusetts licensure or certification
Massachusetts may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state, contact the Massachusetts Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Massachusetts
Massachusetts employs 2,890 insurance underwriters. The highest concentrations are in Springfield and Boston-Cambridge-Newton.
Insurance Underwriters salary by metro area in Massachusetts
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Springfield | $115K | $55.49/hr | 130 |
| Boston-Cambridge-Newton | $106K | $51.04/hr | 2,080 |
| Worcester | $98K | $47.12/hr | 310 |
Insurance Underwriters salary range in Massachusetts
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Massachusetts?▼
The median insurance underwriters salary in Massachusetts is $106,640 per year ($51.27/hr). This is 31% above the national median of $81,370. Salaries range from $70,590 to $167,590.
What are the requirements to become a insurance underwriters in Massachusetts?▼
Insurance Underwriters positions in Massachusetts typically require Bachelor's degree. Massachusetts may have specific licensing or certification requirements. Check with the Massachusetts licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Massachusetts?▼
At the median salary of $106,640, a insurance underwriters in Massachusetts would take home approximately $6,506/month after taxes. With median 2-bedroom rent at $3,405/month, that's 52.3% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for insurance underwriters in Massachusetts?▼
The highest paying metro areas for insurance underwriters in Massachusetts are Springfield ($115,420), Boston-Cambridge-Newton ($106,170), Worcester ($98,000). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Massachusetts have state income tax for insurance underwriters?▼
Yes, Massachusetts has a state income tax rate of approximately 5.0%. On a $106,640 salary, this means roughly $5,332/year in state income tax. Use our take-home pay calculator for a detailed breakdown.