Electrical Engineers vs Insurance Underwriters: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Electrical Engineers professionals earn $32,030 more per year than Insurance Underwriters professionals — that's 40.1% higher. At the 90th percentile, Electrical Engineers earns $175,460 compared to $138,020 for Insurance Underwriters.
Salary Range Comparison
Electrical Engineers$74,670 – $175,460
Insurance Underwriters$51,640 – $138,020
$51,640$175,460
Detailed Salary Comparison
| Percentile | Electrical Engineers | Insurance Underwriters | Difference |
|---|---|---|---|
| 10th Percentile | $74,670 | $51,640 | +$23,030 |
| 25th Percentile | $87,590 | $63,070 | +$24,520 |
| Median (50th) | $111,910 | $79,880 | +$32,030 |
| 75th Percentile | $141,630 | $104,820 | +$36,810 |
| 90th Percentile | $175,460 | $138,020 | +$37,440 |
| Mean (Average) | $120,980 | $90,830 | +$30,150 |
Employment Numbers
Electrical Engineers
188,790
employed nationwide
Insurance Underwriters
107,820
employed nationwide
Top Paying Cities
Best Cities for Electrical Engineers
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $186,920 |
| San Francisco-Oakland-Berkeley, CA | $163,840 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $136,820 |
| Seattle-Tacoma-Bellevue, WA | $135,480 |
| Los Angeles-Long Beach-Anaheim, CA | $134,900 |
Best Cities for Insurance Underwriters
| City | Median |
|---|---|
| Denver-Aurora-Lakewood, CO | $106,380 |
| Boston-Cambridge-Nashua, MA-NH | $103,270 |
| Chicago-Naperville-Elgin, IL-IN-WI | $98,860 |
| Seattle-Tacoma-Bellevue, WA | $98,500 |
| Hartford-East Hartford-Middletown, CT | $98,400 |
Frequently Asked Questions
Who earns more: Electrical Engineers or Insurance Underwriters?
Electrical Engineers professionals earn more, with a median salary difference of $32,030 (40.1% higher) as of 2024 BLS data.
What is the salary range for Electrical Engineers?
Electrical Engineers salaries range from $74,670 (10th percentile) to $175,460 (90th percentile), with a median of $111,910.
What is the salary range for Insurance Underwriters?
Insurance Underwriters salaries range from $51,640 (10th percentile) to $138,020 (90th percentile), with a median of $79,880.
How many Electrical Engineers and Insurance Underwriters jobs are there?
There are approximately 188,790 Electrical Engineers positions and 107,820 Insurance Underwriters positions nationwide according to 2024 BLS data.
Is it worth switching from Insurance Underwriters to Electrical Engineers?
Career decisions depend on many factors beyond salary. Electrical Engineers has a median salary of $111,910 while Insurance Underwriters earns $79,880. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS