HSBC Group Underwriter Salaries by 10 Employees (Updated 2025)

1 - 13 years exp.

₹5 Lakhs - ₹9.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

Underwriter Salary at HSBC Group ranges between ₹5 Lakhs to ₹9.3 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 10 latest salaries received from various... Read more

31% more than the average Underwriter Salary in Financial Services Companies for 1 - 13 years of experience

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Last Updated: 16 May 2025

Companies similar to HSBC Group for Underwriter

Company name	Avg Annual Salary	Open Jobs
Wells Fargo Underwriter Salary 2 - 6 years exp. (5 salaries)	₹4 L/yr - ₹6 L/yr 22% less	2 job openings
American Express Underwriter Salary 4 - 6 years exp. (4 salaries)	₹7.3 L/yr - ₹8.9 L/yr 16% more
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SitusAMC Underwriter Salary 3 - 12 years exp. (397 salaries)	₹3.5 L/yr - ₹11.5 L/yr 6% more

Mphasis Underwriter Salary 0 - 9 years exp. (105 salaries)	₹2.8 L/yr - ₹9 L/yr 20% less
Firstsource Solutions Underwriter Salary 1 - 9 years exp. (79 salaries)	₹2.5 L/yr - ₹9.7 L/yr 22% less	2 job openings

HSBC Group Underwriter salaries by

Years of experience	Avg. annual salary
1 year (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
2 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
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3 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
4 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.7 L/yr
5 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
6 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
9 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
10 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
11 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
12 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
13 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr

View all salaries by experience

Similar Designation Salaries at HSBC Group

Similar Designation	Avg. annual salary
Senior Underwriter Salary (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
Analyst Salary (1.3k salaries)	₹11.0 L/yr - ₹20 L/yr
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Mortgage Underwriter Salary (3 salaries)	₹7.5 L/yr - ₹7.6 L/yr
Underwriting Manager Salary (4 salaries)	₹7 L/yr - ₹8.8 L/yr
Team Lead Salary (114 salaries)	₹10.0 L/yr - ₹30.6 L/yr
Chief Manager Salary (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
Underwriting Analyst Salary (4 salaries)	₹4.5 L/yr - ₹10 L/yr
Credit Manager Salary (24 salaries)	₹5.6 L/yr - ₹17.6 L/yr
Senior Associate Salary (436 salaries)	₹5 L/yr - ₹21 L/yr
Senior Analyst Salary (1.1k salaries)	₹5.7 L/yr - ₹23 L/yr

View more similar designations

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Salary Discussions, Hike & Promotions

a senior executive

GF salary Vs. My salary

Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!

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Salary related reviews for HSBC Group

2.3

Rated by 3 employees for salary & benefits

Senior Analyst in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

3.0

• updated on 26 Feb 2025

2.0

for Salary and Benefits

Likes

If you go to right team then plenty of opportunity to do experiments and high end work. And easy team switches

Skill development - Excellent

+3 more

Dislikes

Promotion and salary growth is too slow. No meritocratic rank ordering. No fairness in pay distribution across band. You might be killing youself at the job and you also might be at low pay but you would never be corrected or even fairly compensated

Salary - Poor

+2 more

Senior Analyst in Hyderabad / Secunderabad

Full Time

Data Science & Analytics Department

1.0

• updated on 21 Feb 2025

1.0

for Salary and Benefits

Dislikes

Salary hike is not based on your year long hardwork but rather on your salary band in comparison to company' average. That means what ever hard work you do it doesn't matter or not cared rather as you are in a higher salary band

Salary - Bad

+4 more

Senior Associate in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

5.0

• updated on 20 Oct 2023

3.0

for Salary and Benefits

Likes

I am impressed with my workplace which is mostly work from home. The atmosphere here is incredible supportive, fostering both personal and professional growth. The team is also like a family and make each day enjoyable.

Skill development - Good

+5 more

Dislikes

In the like comment, I have mentioned that its Hybrid or majority work from home, the salary structure is kind of average. In the beginning we used to claim our internet bills. However, they removed the internet bill reimbursement policy recently. Hope we wish to get it back so that I could give 5 star for salary and benefits next time. Some people would laugh at this dislike but many would know.

Assistant Vice President in Gurgaon / Gurugram

Full Time

Finance & Accounting Department

4.0

• updated on 26 Apr 2023

3.0

for Salary and Benefits

Likes

- Work Life balance is unmatched - Non monetary perks - Hybrid and Flexible working hours - Health policy for self and parents. For parents it's paid but premiums much lesser than in the market - Ample growth opportunities - Career progression is kind of automatic - Reputable designations are given

Skill development - Good

+5 more

Dislikes

- Salary hikes and monetary perks are on the lower side. As you spend more than 5-7 year's you kind of hit a wall - Lack of leadership roles

Analyst in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

2.0

• updated on 22 May 2023

4.0

for Salary and Benefits

Likes

...licies in place in theory. In practice it all depends on your team and managers. In my experience I haven’t seen many positives apart from pay , but if your team is okay, it might work out very well

Salary - Good

+1 more

Dislikes

Again it’s all contingent on the team. The company has excellent policies in place and if allowed to work will create a great work environment

Job security - Poor

+3 more

see more salary related reviews

HSBC Group Underwriter Salary FAQs

What is the salary of Underwriter at HSBC Group ?

The average salary of a Underwriter at HSBC Group in India typically ranges from ₹5.0 Lakhs to ₹9.3 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Underwriter at HSBC Group earn more than ₹8.6 Lakhs per year, and the top 1% earn over ₹9.3 Lakhs per year. Underwriter Salaries at HSBC Group 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 10 HSBC Group employees in India.

What is the estimated take home salary of a Underwriter at HSBC Group in India?

The estimated take-home salary of a Underwriter at HSBC Group in India typically ranges from ₹53,206 to ₹54,530 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹9.3 Lakhs per year for employees with experience ranging from 1 year to 13 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 10 salaries received from various employees of HSBC Group. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HSBC Group for Underwriter in India?

American Express	₹7.3 Lakhs to ₹8.9 Lakhs per year
SitusAMC	₹3.5 Lakhs to ₹11.5 Lakhs per year

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

What is the salary of a Underwriter in companies similar to HSBC Group in India?

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

Mphasis	₹2.8 Lakhs to ₹9.0 Lakhs per year
Wells Fargo	₹4.0 Lakhs to ₹6.0 Lakhs per year
Firstsource Solutions	₹2.5 Lakhs to ₹9.7 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 HSBC Group in India?

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

Experience	Average Salary Range
1 year	₹5.7 Lakhs to ₹7.3 Lakhs per year
2 years	₹5.8 Lakhs to ₹7.4 Lakhs per year
3 years	₹5.9 Lakhs to ₹7.6 Lakhs per year
4 years	₹6.1 Lakhs to ₹7.7 Lakhs per year

and so on.

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HSBC Group Underwriter Salaries

HSBC Group Underwriter salary in India ranges between ₹5 Lakhs to ₹9.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 HSBC Group latest salaries received from various employees of HSBC Group.