Senior Underwriter
Annual salary range
₹3.6 Lakhs - ₹15 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Experience
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Mumbai
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Senior Underwriter Salary in Mumbai (Updated 2025)
based on 95
latest salaries
• updated:
19 Feb 2025
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Salary of majority employees
Experience wise Senior Underwriter salaries
| Years of experience | Avg. Annual Salary |
|---|---|
3
years
(5
salaries)
|  Unlock₹3.6 L/yr - ₹6.6 L/yr |
4
years
(6
salaries)
| Unlock ₹4.1 L/yr - ₹9 L/yr |
Login to view exact salary
| |
5
years
(11
salaries)
| Unlock ₹3.6 L/yr - ₹8.5 L/yr |
6
years
(15
salaries)
| Unlock ₹3 L/yr - ₹10.5 L/yr |
7
years
(18
salaries)
| Unlock ₹3.5 L/yr - ₹19 L/yr |
View all salaries by experience
Senior Underwriter Salary in
Mumbai ranges between ₹3.6
Lakhs to ₹15
Lakhs for
3 years of experience to 11 years of experience
. Salary estimates are based on
95 latest salaries received
from Senior Underwriter.
See latest salaries
Senior Underwriter salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Senior Underwriter Salary
3 - 11
years
exp.
(32
salaries)
| Unlock ₹3.6 L/yr - ₹13 L/yr |
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| |
Customer Success, Service & Operations
Senior Underwriter Salary
3 - 10
years
exp.
(21
salaries)
| Unlock ₹4 L/yr - ₹12 L/yr |
View all departments salaries
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Latest annual salaries shared by Senior Underwriters
2d ago
MOZAIQ
Senior Underwriter
9 years exp.
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4d ago
SitusAMC
Senior Underwriter
7 years exp.
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5d ago
Archwell Operations
Senior Underwriter
6 years exp.
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1w ago
Insta Global Source
Senior Underwriter
5 years exp.
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1w ago
IndiaFirst Life Insurance
Senior Underwriter
5 years exp.
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1w ago
Firstsource Solutions
Senior Underwriter
6 years exp.
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1w ago
Moder Solutions
Senior Underwriter
8 years exp.
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1w ago
Wells Fargo
Senior Underwriter
7 years exp.
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1w ago
SBI Payment Services
Senior Underwriter
6 years exp.
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1w ago
Exl Technosolutions
Senior Underwriter
7 years exp.
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| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
10 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹6.8 L/yr - ₹8.6 L/yr | |
|
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹7.2 L/yr - ₹9.2 L/yr | |
Login to view exact salary
| ||
|
4 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹5.2 L/yr - ₹6.6 L/yr | |
|
7 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹13.5 L/yr - ₹17.2 L/yr | |
|
11 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹7.2 L/yr - ₹9.2 L/yr | |
|
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹4.5 L/yr - ₹5.8 L/yr | |
|
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹3.2 L/yr - ₹4.1 L/yr | |
|
8 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹14.4 L/yr - ₹18.4 L/yr | |
Login to view exact salary
| ||
|
1 yr
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹8.5 L/yr - ₹10.9 L/yr | |
Senior Underwriter Jobs in Mumbai
Senior Underwriter
· 4-6 years
Mphasis Limited
Chennai
Senior Underwriter
· 5-10 years
Moder Solutions
Chennai
Senior Underwriter
· 3-7 years
Creative Hands HR
₹5
L/yr
- ₹7.5
L/yr
Mumbai
Similar Designation Salaries for Senior Underwriter
| Designations | Avg Annual Salary |
|---|---|
Senior Executive Salary
2 -
11
years
exp.
(25k salaries)
| Unlock ₹2.3 L/yr - ₹10 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(29.9k salaries)
| Unlock ₹8 L/yr - ₹36 L/yr |
Login to view exact salary
| |
Senior Associate Salary
2 -
10
years
exp.
(21.3k salaries)
| Unlock ₹2.4 L/yr - ₹24.6 L/yr |
Senior Analyst Salary
2 -
8
years
exp.
(11.8k salaries)
| Unlock ₹3.3 L/yr - ₹17 L/yr |
Content Moderator Salary
0 -
4
years
exp.
(682 salaries)
| Unlock ₹1.8 L/yr - ₹4 L/yr |
View more similar designations
Salary related reviews by similar designations like Senior Underwriter
Wipro
Associate in Chandpur
• posted on 02 Dec 2024
Likes
I am interested in working at wipro.com because it is a leading global information technology, consulting and business process services company
read more- Salary - Excellent
+6 more
Dislikes
There has been no salary increase over the past years, and the bonus structure is non-existent
read moreSitusAMC
Senior Process Associate in Gurgaon / Gurugram
• posted on 28 May 2022
Likes
Work environment and culture is good. Teammates and company policies are good. Appraisal are fair and they give good salary hike.
read more- Salary - Good
+5 more
Dislikes
There is a lot of politics and the management does not address our issues. Salary is decent but career growth is slow.
read moreFirstsource Solutions
Senior Analyst in Bangalore / Bengaluru
• posted on 29 Jun 2022
Likes
...vironment & culture. Teammates are supportive and the management is transparent. Company polices ate good,appraisals are fair and they give good salary hike and bonus every year.
read more- Salary - Excellent
+6 more
Dislikes
Nothing
Ocwen Financial Solutions
Senior Executive in Mumbai
• posted on 27 Jan 2019
Likes
I learned lot of things from ocwen.i love the fact that I am a part of a team that market reliable
- Salary - Good
+6 more
Dislikes
Compensation is decent but growth is slow
Mphasis
Associate in Mangaluru
• posted on 10 Dec 2019
Likes
Its a very good learning platform for freshers Work station was very beneficial with all the necessary requirements to gain product knowledge. It was great experience working with Mphasis.
read more- Salary - Good
+5 more
Dislikes
There was nothing like it is not proper according to me but I think interms of salary there was little issue hike was less that's it
read moreTop skills for Senior Underwriter
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Senior Underwriter Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
Bangalore / Bengaluru
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹4.1 L/yr - ₹19.5 L/yr |
Chennai
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹4.1 L/yr - ₹9.6 L/yr |
Login to view exact salary
| |
Pune
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹3.5 L/yr - ₹9.5 L/yr |
Gurgaon / Gurugram
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹3.3 L/yr - ₹15.3 L/yr |
New Delhi
Senior Underwriter
3 -
10
years
exp.
| Unlock ₹3.3 L/yr - ₹11 L/yr |
View More
Senior Underwriter Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
BPO
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹4 L/yr - ₹11.9 L/yr |
Financial Services
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹3.3 L/yr - ₹19 L/yr |
Login to view exact salary
| |
IT Services & Consulting
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹3.6 L/yr - ₹9.5 L/yr |
Consulting
Senior Underwriter
3 -
10
years
exp.
| Unlock ₹4.4 L/yr - ₹9.1 L/yr |
Software Product
Senior Underwriter
3 -
11
years
exp.
| Unlock ₹4.8 L/yr - ₹12.3 L/yr |
View More
Frequently Asked Questions about Senior Underwriter Salaries
What is the salary of a Senior Underwriter in Mumbai?
Salary for a Senior Underwriter in Mumbai ranges between ₹3.6 Lakhs to ₹15.0 Lakhs per year. Salary estimates are based on 95 latest salaries received from various Senior Underwriters across industries.
What are the top paying companies that employ Senior Underwriters?
- PayPal Senior Underwriter Salary - ₹20.2 Lakhs per year
- Wells Fargo Senior Underwriter Salary - ₹12.3 Lakhs per year
- SitusAMC Senior Underwriter Salary - ₹9.7 Lakhs per year
- VERITY GLOBAL SOLUTIONS Senior Underwriter Salary - ₹9.3 Lakhs per year
- Altisource Senior Underwriter Salary - ₹8.5 Lakhs per year
What is the starting salary for a Senior Underwriter in Mumbai?
Average starting Salary for Senior Underwriter in India is around ₹3.6 Lakhs per year (₹30.0k per month). 3 years of minimum experience is required to be a Senior Underwriter.
What is the highest salary for a Senior Underwriter in Mumbai?
Highest salary that a Senior Underwriter can earn is ₹25.0 Lakhs per year (₹2.1L per month).
What are the top paying industries for Senior Underwriter in Mumbai?
- Investment Banking / Venture Capital / Private Equity - ₹4.6 Lakhs to 13.0 Lakhs per year
- Software Product - ₹5.0 Lakhs to 14.0 Lakhs per year
- Financial Services - ₹3.6 Lakhs to 19.0 Lakhs per year
- BPO - ₹2.8 Lakhs to 12.0 Lakhs per year
- IT Services & Consulting - ₹2.0 Lakhs to 9.8 Lakhs per year
What are the top paying cities for Senior Underwriter in India?
- Mumbai - ₹1.1 Lakhs to 45.0 Lakhs per year
- Bangalore / Bengaluru - ₹2.2 Lakhs to 25.0 Lakhs per year
- Gurgaon / Gurugram - ₹2.7 Lakhs to 18.5 Lakhs per year
- Chennai - ₹2.2 Lakhs to 22.0 Lakhs per year
- Pune - ₹2.5 Lakhs to 14.0 Lakhs per year
What are the popular/top skills required to become a Senior Underwriter?
These are the top skills of a Senior Underwriter based on 11 jobs posted by employers.
- Mortgage Loans
- Medical Underwriting
- US Mortgage
- Credit Analysis
- Credit Appraisal
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