Mphasis Pune Underwriter Salaries by 30+ Employees (Updated 2025)

3 - 11 years exp.

₹3 Lakhs - ₹8 Lakhs

Salary of majority employees

Fixed (100%)

₹6.1 Lakhs

Variable (0%)

₹0.0

At par with the average Underwriter Salary in IT Services & Consulting Companies for 3 - 11 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Customer Success, Service & Operations Underwriter Salary 3 - 11 years exp. (16 salaries)	₹3.9 L/yr - ₹7 L/yr
Finance & Accounting Underwriter Salary 3 - 7 years exp. (8 salaries)	₹3.4 L/yr - ₹6.5 L/yr
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BFSI, Investments & Trading Underwriter Salary 3 - 9 years exp. (7 salaries)	₹3 L/yr - ₹8 L/yr
Data Science & Analytics Underwriter Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹7.7 L/yr

Last Updated: 20 Feb 2025

Companies similar to Mphasis for Underwriter in Pune

Mphasis Underwriter Salary

3 - 11 years exp. (37 salaries)

₹3 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
TCS Underwriter Salary 3 - 8 years exp. (7 salaries)	₹2.8 L/yr - ₹7.5 L/yr 29% less
Coforge Underwriter Salary 4 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹4 L/yr 44% less
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SitusAMC Underwriter Salary 3 - 12 years exp. (45 salaries)	₹4.5 L/yr - ₹10 L/yr 24% more
EXL Service Underwriter Salary 2 - 8 years exp. (20 salaries)	₹2.8 L/yr - ₹6 L/yr 30% less
WNS Underwriter Salary 2 - 6 years exp. (9 salaries)	₹2 L/yr - ₹4.6 L/yr 27% less

Underwriter salary at Mphasis ranges between ₹3 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 37 latest salaries received from various employees of Mphasis.

Experience wise Mphasis Underwriter salaries in Pune

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
3 years (7 salaries)	₹3 L/yr - ₹5.1 L/yr
4 years (3 salaries)	₹4.2 L/yr - ₹6 L/yr
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5 years (7 salaries)	₹3.9 L/yr - ₹6 L/yr
6 years (8 salaries)	₹4.2 L/yr - ₹7 L/yr
7 years (9 salaries)	₹4 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
9 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹8 L/yr
10 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹13.1 L/yr
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹13.9 L/yr

View all

Similar Designation salaries in Mphasis

Senior Associate Salary

(196 salaries)

₹2 L/yr - ₹6.7 L/yr

Team Lead Salary

(100 salaries)

₹4.5 L/yr - ₹15 L/yr

Senior Analyst Salary

(90 salaries)

₹2.15 L/yr - ₹10.5 L/yr

Mortgage Underwriter Salary

(64 salaries)

₹1.8 L/yr - ₹7.6 L/yr

Analyst Salary

(40 salaries)

₹1.8 L/yr - ₹6.5 L/yr

Senior Underwriter Salary

(12 salaries)

₹4.9 L/yr - ₹9.5 L/yr

Top skills at Mphasis for Underwriter

Underwriting US Mortgage Customer Service Data Entry Tax Returns US Mortgage Taxation Team Leading Communication Skills Medical Underwriting Mortgage Underwriting mortgage Written Communication Banking Customer Service

Salary related reviews for Mphasis

4.2

Rated by 8 employees for salary & benefits

Senior Analyst in Pune

Full Time

Risk Management & Compliance Department

3.0

• posted on 10 Sep 2023

3.0

for Salary and Benefits

Likes

Flexible working hours, Skill development internal platforms or training tools, Self awareness sessions organised by HRBPs

Skill development - Excellent

+2 more

Dislikes

1. No Salary increment from last 4 years in any department, 2. Multiple manager hierarchy, 3. Unnecessary internal PF process, 4. Benefits like Internet bill reimbursement are only on paper, 5. Rude hiring HRs (Negotiate as higher as possible while joining only, because once you join in- you'll not get anything) 6. Unskilled managers or management (not all but some), 7. Appreciations happen only on email, the rewards system (money based) stopped from Q1 2023, you'll get certificates to post on social media/LinkedIn 😁 8. Quarterly bonus will be received only if "whole team" performs better & if your client is 100% happy. Else, forget it. (It doesn't matter how smart/hard you worked

Promotions - Bad

Process Associate in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 05 Jun 2022

1.0

for Salary and Benefits

Likes

Culture in the company is good and they have multiple business LOB's and if you are lucky you can be moved to another business through other programs.

Job security - Good

Dislikes

...ssue perks like other companies. No night shift allowance and no food allowance. Cab available however a certain amount will be deducted from your salary every month.

Salary - Bad

+4 more

Process Associate in Pune

Full Time

Finance & Accounting Department

4.0

• posted on 19 May 2022

4.0

for Salary and Benefits

Likes

...t & culture . Team leader also very supportive. & The management is transparent. Company policies are good , the give good salary hike & appraisal every year.

Salary - Good

+6 more

Dislikes

Salary is decent but career growth is slow.

Senior Associate in Pune

Full Time

Procurement & Supply Chain Department

5.0

• posted on 18 Dec 2020

5.0

for Salary and Benefits

Likes

For the early phase company provided additional amount as Hardship allowances in the salary which really helped me to do some food donations and other things. I worked more than working hours to meet my goals and then have donated other remaining money to needy people.

Salary - Excellent

+6 more

Dislikes

There is nothing to dislike. Everytime I entered I felt secure.

Analyst in Bangalore / Bengaluru

Corporate Support, Finance. Department

2.0

• posted on 27 Aug 2022

1.0

for Salary and Benefits

Likes

No. Salary pacakage is too low for the Corporate support Finance. Not provinding any hikes. Promotions are not provided timely even though the employees are putting their best efforts.

Job security - Good

+1 more

Dislikes

Salary and career growth.

Salary - Bad

+2 more

see more salary related reviews

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What people are saying about Mphasis

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a development consultant

20h (edited)

Harman VS Deloitte VS MPhasis

Which company should I join as QA having 5.5 yrs of exp?

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Mphasis Underwriter Salary FAQs

What is the salary of Underwriter at Mphasis in Pune?

The average salary of a Underwriter at Mphasis in Pune typically ranges from ₹3.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 3 years to 11 years).

The top 10% of Underwriter in Pune at Mphasis earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Underwriter Salaries at Mphasis can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 30+ Mphasis employees in India.

What is the estimated take home salary of a Underwriter at Mphasis in Pune?

The estimated take-home salary of a Underwriter at Mphasis in Pune typically ranges from ₹46,023 to ₹47,114 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 3 years to 11 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 30+ salaries received from various employees of Mphasis. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Underwriter at Mphasis in Pune?

To be a Underwriter at Mphasis in Pune, the key skills required include:

- Underwriting
- US Mortgage
- Customer Service
- Data Entry
- Tax Returns

These skills are highly valued at Mphasis and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mphasis for Underwriter in India?

SitusAMC

₹4.5 Lakhs to ₹10.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mphasis, depending on the role and experience level.

What is the salary of a Underwriter in companies similar to Mphasis in Pune?

The salary of a Underwriter at companies similar to Mphasis in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

WNS	₹2.0 Lakhs to ₹4.6 Lakhs per year
TCS	₹2.8 Lakhs to ₹7.5 Lakhs per year
EXL Service	₹2.8 Lakhs to ₹6.0 Lakhs per year
Coforge	₹2.5 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Underwriter at Mphasis in Pune?

The salary growth for a Underwriter at Mphasis in Pune depends on factors such as experience, performance, and promotions. On average, a Underwriter in Pune can expect the following growth trajectory at Mphasis:

Experience	Average Salary Range
3 years	₹3.0 Lakhs to ₹5.1 Lakhs per year
4 years	₹4.2 Lakhs to ₹6.0 Lakhs per year
5 years	₹3.9 Lakhs to ₹6.0 Lakhs per year
6 years	₹4.2 Lakhs to ₹7.0 Lakhs per year

and so on.

Tell us how to improve this page.

Mphasis Underwriter salary in Pune ranges between ₹3 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 37 Mphasis latest salaries received from various employees of Mphasis.