Risk Management Consultant Salary

Risk Management Consultants in the United States take home an average $75K per year. Total cash compensation for Risk Management Consultants runs from $52K to $130K depending on bonuses that can occasionally exceed $20K and profit sharing that can reach almost $7K. Residence is the biggest factor affecting pay for this group, followed by tenure and the specific company. Medical and dental benefits are awarded to a large number, and a fair number earn vision coverage. Male Risk Management Consultants are more prevalent than women among those who took the survey — 64 percent of professionals. Most Risk Management Consultants report high levels of job satisfaction.

$51,336 - $115,015
(Median)
$51K
$75K
$120K
MEDIAN: $74,736
10%
50%
90%

Add this chart to your site: 640px    300px

$20.61 - $193.92
(Median)
$21
$60
$190
MEDIAN: $60
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$51,336 - $115,015  
   
Bonus
$979 - $20,100  
Profit Sharing
$303.04 - $6,589  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$51,844 - $129,838  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 328
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70$140$210
Hourly Rate
$20.61 - $193.92  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$140K$280K$420K
Bonus
$979 - $20,100  
   
Profit Sharing
$303.04 - $6,589  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$51,844 - $129,838  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 13
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Risk Management Consultant

Risk management consultants analyze all aspects of the company - including financial, technology, and general business - to determine risk levels and opportunities to mitigate them. This involves working directly with stakeholders to determine standards and policies for analysis, litigation, investigations, and policies. On a day-to-day basis, the job mostly consists of activities such as user profiling, auditing, and collaboration with teams such as security operations. The consultant creates reports and analyses based on research, then presents them to management and stakeholders to determine the best available plan of action.

Read More...

Risk Management Consultant Tasks

  • Evaluate compliance with state and federal policy.
  • Propose best practice and risk mitigation and management strategies.
  • Identify, analyze, and monitor risk.
  • Create solutions and management strategies for potential clients.

Risk Management Consultant Job Listings

Search for more jobs:

Popular Employer Salaries for Risk Management Consultant


Although Wells Fargo & Co. heads up the field in terms of compensation, offering the highest median salary at $79K, pay at this particular employer still varies considerably, running the full spectrum from $49K to $129K.

Wells Fargo Bank offers the lowest pay in the field with a median salary of just $69K, but on the other end, some employees may earn up to $163K.


Risk Management Consultants report a focused set of job skills. Most notably, skills in Risk Consulting, Risk Management / Risk Control, Regulatory Compliance, and Data Analysis are correlated to pay that is above average. Data Analysis, on the other hand, is typically associated with much lower pay.

Pay by Experience Level for Risk Management Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Risk Management Consultants with a lot of experience tend to enjoy higher earnings. Respondents with less than five years' experience take home $65K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $94K. For Risk Management Consultants, 10 to 20 years of experience on the job amounts to an average salary of $97K. Veteran professionals who boast more than 20 years of relevant experience enjoy plum median salaries that average out to the six-figure sum of $101K.

Pay Difference by Location


Surpassing the national average by 44 percent, Risk Management Consultants in Denver receive some of the highest pay in the country. Risk Management Consultants will also find cushy salaries in New York (+29 percent) and San Francisco (+26 percent). St. Louis is the lowest-paying area, 11 percent south of the national average. Workers in Charlotte and Washington earn salaries that trail the national average for those in this profession (10 percent less and 9 percent less, respectively).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Risk Management Consultant Salaries

Late-Career
up arrow 26%

Experienced
up arrow 22%


National Average
$80,000


Skills That Affect Risk Management Consultant Salaries

Risk Consulting
up arrow 17%

Risk Management / Risk Control
up arrow 3%

Regulatory Compliance
0%

National Average
$80,000

Data Analysis
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
10%
1-4 years
34%
5-9 years
27%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 72% employee benefits None: 8%
ADVERTISEMENT