Insurance Underwriters vs Project Management Specialists: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Project Management Specialists professionals earn $20,870 more per year than Insurance Underwriters professionals — that's 26.1% higher. At the 90th percentile, Insurance Underwriters earns $138,020 compared to $165,790 for Project Management Specialists.
Salary Range Comparison
Insurance Underwriters$51,640 – $138,020
Project Management Specialists$59,830 – $165,790
$51,640$165,790
Detailed Salary Comparison
| Percentile | Insurance Underwriters | Project Management Specialists | Difference |
|---|---|---|---|
| 10th Percentile | $51,640 | $59,830 | $-8,190 |
| 25th Percentile | $63,070 | $76,950 | $-13,880 |
| Median (50th) | $79,880 | $100,750 | $-20,870 |
| 75th Percentile | $104,820 | $131,660 | $-26,840 |
| 90th Percentile | $138,020 | $165,790 | $-27,770 |
| Mean (Average) | $90,830 | $108,100 | $-17,270 |
Employment Numbers
Insurance Underwriters
107,820
employed nationwide
Project Management Specialists
1,006,160
employed nationwide
Top Paying Cities
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 |
Best Cities for Project Management Specialists
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $136,250 |
| San Francisco-Oakland-Berkeley, CA | $132,530 |
| Seattle-Tacoma-Bellevue, WA | $125,390 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $123,670 |
| New York-Newark-Jersey City, NY-NJ-PA | $121,680 |
Frequently Asked Questions
Who earns more: Insurance Underwriters or Project Management Specialists?
Project Management Specialists professionals earn more, with a median salary difference of $20,870 (26.1% higher) as of 2024 BLS data.
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.
What is the salary range for Project Management Specialists?
Project Management Specialists salaries range from $59,830 (10th percentile) to $165,790 (90th percentile), with a median of $100,750.
How many Insurance Underwriters and Project Management Specialists jobs are there?
There are approximately 107,820 Insurance Underwriters positions and 1,006,160 Project Management Specialists positions nationwide according to 2024 BLS data.
Is it worth switching from Project Management Specialists to Insurance Underwriters?
Career decisions depend on many factors beyond salary. Insurance Underwriters has a median salary of $79,880 while Project Management Specialists earns $100,750. 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