Risk Management Consultant Salary

Average Risk Management Consultants in the United States make around $74K per year. In the world of Risk Management Consultants, overall income ranges from $53K near the bottom to $133K at the top; this can include more than $20K from bonuses and more than $7K from profit sharing in exceptional cases. Earnings for this group are mostly affected by career length, followed by the particular city and the specific company. Job satisfaction is reported as high by the vast majority of workers. Most people who answered the questionnaire are men; 62 percent of Risk Management Consultants are male. Medical benefits are awarded to a large number, and most earn dental coverage.

$52,157 - $119,084
(Median)
$52K
$74K
$120K
MEDIAN: $73,509
10%
50%
90%

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$21.53 - $96.55
(Median)
$22
$50
$97
MEDIAN: $50
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$52,157 - $119,084  
   
Bonus
$1,002 - $19,950  
Profit Sharing
$484.79 - $6,698  
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).
)
$53,139 - $133,100  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 381
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$33$66$99
Hourly Rate
$21.53 - $96.55  
   
Overtime
$19.83  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Bonus
$1,002 - $19,950  
   
Profit Sharing
$484.79 - $6,698  
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).
)
$53,139 - $133,100  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 16
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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.

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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

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Popular Employer Salaries for Risk Management Consultant


For Risk Management Consultants, comfortable salaries can be found at Wells Fargo & Co.; in fact, average earnings are around $79K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($48K versus $132K) is great.

Offering a median of only $68K, EY (Ernst & Young) pays the least. Moreover, the compensation range seems pretty narrow; employees make $54K on the lower end and $121K on the higher end.

Popular Skills for Risk Management Consultant


Survey results suggest that Risk Management Consultants use a fairly large toolkit of professional skills. Most notably, facility with SAS, Data Modeling, and Risk Consulting are correlated to pay that is significantly above average, leading to increases of 38 percent, 23 percent, and 14 percent, respectively. Skills that pay less than market rate include Data Analysis and Project Management. Aptitude in Risk Consulting tends to also indicate an understanding of Risk Management / Risk Control.

Pay by Experience Level for Risk Management Consultant

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


For many Risk Management Consultants, experience and pay levels seem to be correlated; more years in the business generally lead to more money. The average worker who claims fewer than five years of experience earns around $66K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $94K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $100K. Survey participants who have worked for more than two decades report bringing in $120K on average.

Pay Difference by Location

National Average: $78,164

Larger city markers indicate a job is popular in that location.

With a pay rate for Risk Management Consultants that is 36 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Risk Management Consultants will also find cushy salaries in Denver (+31 percent) and New York (+30 percent). In Minneapolis, salaries are 19 percent below the national average and represent the lowest-paying market. Two other places where employers salaries are below the median are Charlotte and Washington (7 percent lower).

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Experience Affects Risk Management Consultant Salaries

Late-Career
up arrow 53%

Experienced
up arrow 28%


National Average
$78,000


Skills That Affect Risk Management Consultant Salaries

SAS
up arrow 38%

Data Modeling
up arrow 23%

Risk Consulting
up arrow 14%


Business Analysis
up arrow 3%

National Average
$78,000

Regulatory Compliance
up arrow 3%

Project Management
up arrow 10%

Data Analysis
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
11%
1-4 years
36%
5-9 years
24%
10-19 years
19%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
medical benefits
Vision: 72%
dental benefits
None: 8%
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