Home > Salary > United Kingdom > 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: 48,086 GBP
Estimated Monthly Salary: 4,007 GBP
Estimated Weekly Salary: 925 GBP per week
Estimated Hourly Salary: 23 GBP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,877 GBP
Estimated Weekly Salary: 895 GBP per week
Estimated Hourly Salary: 22 GBP per hour
Last revision of data: 2024-04-21
Estimated Yearly Salary: 56,686 USD
Estimated Monthly Salary: 4,724 USD
Estimated Weekly Salary: 1,090 USD per week
Estimated Hourly Salary: 27 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: 48,086 GBP
Estimated Monthly Salary: 4,007 GBP
Estimated Weekly Salary: 925 GBP per week
Estimated Hourly Salary: 23 GBP per hour
By working as Underwriter Business Banking a person can save up to 2,768 USD per month or 33,219 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 United Kingdom, see costs of living in United Kingdom.
Estimated Yearly Salary for Underwriter Business Banking
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Business Banking salary in United Kingdom
Average Yearly Salary of Underwriter Business Banking in United Kingdom is approximately 48,086 GBP (56,686 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?

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: 48,086 GBP
Estimated Monthly Salary: 4,007 GBP
Estimated Weekly Salary: 925 GBP per week
Estimated Hourly Salary: 23 GBP per hour
Comparing salary to last year:
Estimated Yearly Salary: 46,522 GBPEstimated Monthly Salary: 3,877 GBP
Estimated Weekly Salary: 895 GBP per week
Estimated Hourly Salary: 22 GBP per hour
Underwriter Business Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 56,686 USD
Estimated Monthly Salary: 4,724 USD
Estimated Weekly Salary: 1,090 USD per week
Estimated Hourly Salary: 27 USD per hour
Difference in salary year over year or average salary increase is approximately
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
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Country:
Salary comparison to National average
The United Kingdom, also known as the UK, is a country located in northwestern Europe. It consists of four countries: England, Scotland, Wales, and Northern Ireland. With a population of approximately 66 million people, it is the fifth-largest economy in the world. The UK covers an area of around 93,600 square miles, making it the 78th largest country by size.
Estimated national average yearly salary is 41,537 GBP (48,890 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in United Kingdom.
Comparison shows that a person working as Underwriter Business Banking in United Kingdom earns on average:
1.16 times the average salary (or 116% of average salary).
Estimated national average yearly salary is 41,537 GBP (48,890 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in United Kingdom.
Comparison shows that a person working as Underwriter Business Banking in United Kingdom earns on average:
1.16 times the average salary (or 116% 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 52,895 GBP and 69,725 GBP. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Business Banking in United Kingdom?
Living in United Kingdom the approximate monthly expenses are: 1,956 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: 48,086 GBP
Estimated Monthly Salary: 4,007 GBP
Estimated Weekly Salary: 925 GBP per week
Estimated Hourly Salary: 23 GBP per hour
By working as Underwriter Business Banking a person can save up to 2,768 USD per month or 33,219 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 United Kingdom, see costs of living in United Kingdom.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ireland. 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
Salary 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
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
Top 10 highest salaries in United Kingdom
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4. Cardiologist
(332,162 GBP per year, pre-tax.)
5. Cardiologist
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8. Neurosurgeon
(310,506 GBP per year, pre-tax.)
9. Neurosurgeon
(309,585 GBP per year, pre-tax.)
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Random salary:
Engineering technician (36,011 GBP per year, pre-tax.)
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Food and beverage manager (37,383 GBP per year, pre-tax.)
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Artificial intelligence engineer (90,587 GBP per year, pre-tax.)
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