Home > Salary > Canada > Underwriter Business Banking
An underwriter in business banking is responsible for assessing and evaluating loan applications and creditworthiness of businesses. They analyze financial statements, cash flow projections, market trends, and risk factors to determine the viability of lending to a company. Underwriters also review collateral and ensure compliance with lending policies and regulations. They communicate with clients, gather necessary documentation, and provide recommendations for loan approval or denial. Additionally, underwriters monitor existing loans, assess potential risks, and make recommendations for modifications or renewals. This role requires strong analytical skills, attention to detail, and knowledge of financial markets and lending practices.
Estimated Yearly Salary: 66,908 CAD
Estimated Monthly Salary: 5,576 CAD
Estimated Weekly Salary: 1,287 CAD per week
Estimated Hourly Salary: 32 CAD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,388 CAD
Estimated Weekly Salary: 1,243 CAD per week
Estimated Hourly Salary: 31 CAD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 67,098 USD
Estimated Monthly Salary: 5,592 USD
Estimated Weekly Salary: 1,290 USD per week
Estimated Hourly Salary: 32 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 66,908 CAD
Estimated Monthly Salary: 5,576 CAD
Estimated Weekly Salary: 1,287 CAD per week
Estimated Hourly Salary: 32 CAD per hour
By working as Underwriter Business Banking a person can save up to 3,473 USD per month or 41,677 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Canada, see costs of living in Canada.
Estimated Yearly Salary for Underwriter Business Banking
United States Of America is 72,008 USD 7%
Details on Underwriter Business Banking salary in United States Of America Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Underwriter Business Banking salary in Canada
Average Yearly Salary of Underwriter Business Banking in Canada is approximately 66,908 CAD (67,098 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Underwriter Business Banking do?
An underwriter in business banking is responsible for assessing and evaluating loan applications and creditworthiness of businesses. They analyze financial statements, cash flow projections, market trends, and risk factors to determine the viability of lending to a company. Underwriters also review collateral and ensure compliance with lending policies and regulations. They communicate with clients, gather necessary documentation, and provide recommendations for loan approval or denial. Additionally, underwriters monitor existing loans, assess potential risks, and make recommendations for modifications or renewals. This role requires strong analytical skills, attention to detail, and knowledge of financial markets and lending practices.
Skills: underwriter, business banking, credit analysis, risk assessment, financial analysis, loan approval.
Job industry: Banking
Job industry: Banking
How much does Underwriter Business Banking make?
Salary details
How much does Underwriter Business Banking make?Estimated Yearly Salary: 66,908 CAD
Estimated Monthly Salary: 5,576 CAD
Estimated Weekly Salary: 1,287 CAD per week
Estimated Hourly Salary: 32 CAD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 64,654 CADEstimated Monthly Salary: 5,388 CAD
Estimated Weekly Salary: 1,243 CAD per week
Estimated Hourly Salary: 31 CAD per hour
Last revision of data: 2024-01-03Underwriter Business Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 67,098 USD
Estimated Monthly Salary: 5,592 USD
Estimated Weekly Salary: 1,290 USD per week
Estimated Hourly Salary: 32 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Canada is a vast country located in North America. It has a population of approximately 38 million people, making it the second-largest country by land area and the tenth-largest by population. With a total area of about 9.98 million square kilometers, Canada is known for its breathtaking landscapes, including mountains, forests, lakes, and coastlines.
Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in Canada.
Comparison shows that a person working as Underwriter Business Banking in Canada earns on average:
0.94 times the average salary (or 94% of average salary).
Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in Canada.
Comparison shows that a person working as Underwriter Business Banking in Canada earns on average:
0.94 times the average salary (or 94% of average salary).
Is Underwriter Business Banking a well paid job?
Yes, our data show that Underwriter Business Banking is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Underwriter Business Banking?
High salary for Underwriter Business Banking would be somewhere between 73,599 CAD and 97,017 CAD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Business Banking in Canada?
Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 66,908 CAD
Estimated Monthly Salary: 5,576 CAD
Estimated Weekly Salary: 1,287 CAD per week
Estimated Hourly Salary: 32 CAD per hour
By working as Underwriter Business Banking a person can save up to 3,473 USD per month or 41,677 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Canada, see costs of living in Canada.
Salary comparison to region and neighbouring coutries
Country's neighbours are: United States of America. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Underwriter Business Banking
United States Of America is 72,008 USD 7%Details on Underwriter Business Banking salary in United States Of America
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Canada
(552,602 CAD per year, pre-tax.)
2. Cardiologist
(460,219 CAD per year, pre-tax.)
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4. Neurosurgeon
(430,825 CAD per year, pre-tax.)
(430,370 CAD per year, pre-tax.)
(421,037 CAD per year, pre-tax.)
7. Urologist
(420,203 CAD per year, pre-tax.)
(419,967 CAD per year, pre-tax.)
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10. Plastic surgeon
(419,552 CAD per year, pre-tax.)
Data as of 2025Random salary:
Lead food runner (26,319 CAD per year, pre-tax.)
Building superintendent (53,686 CAD per year, pre-tax.)
Rubber molder (32,901 CAD per year, pre-tax.)
Actuarial director (193,028 CAD per year, pre-tax.)
Disability specialist (52,094 CAD per year, pre-tax.)
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