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Risk Management Consultant Salary

Pay for Risk Management Consultants in the United States sits in the ballpark of $74K per year. In the world of Risk Management Consultants, total cash compensation can vary between $52K and $130K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $6K, respectively. While the particular city and the specific company impact pay for this group, experience level is the most influential factor. Medical benefits are awarded to a large number, and most earn dental coverage. More than half of Risk Management Consultants (65 percent) survey respondents are men. The majority of Risk Management Consultants claim high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$51,091 - $113,739
(Median)
$51K
$74K
$110K
MEDIAN: $74,058
10%
50%
90%

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$20.61 - $193.92
(Median)
$21
$63
$190
MEDIAN: $63.00
10%
50%
90%

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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
$51,091 - $113,739  
   
Bonus
$983 - $20,258  
Profit Sharing
$400.00 - $6,240  
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).
)
$51,555 - $129,890  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 325
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
$983 - $20,258  
   
Profit Sharing
$400.00 - $6,240  
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).
)
$51,555 - $129,890  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 13

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United States (change)


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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


Risk Management Consultants flock to Wells Fargo & Co. for generous paychecks, where average earnings of $79K lead the pack in compensation; however, Wells Fargo & Co. also provides employees with a wide spectrum of compensation ranging from $49K at one end to $129K at the other end.

The pay scale is far from balanced at Deloitte & Touche LLP. While salaries on one end can reach $115K, the company's median pay sits at $77K, the lowest in the industry.


Survey results show that Risk Management Consultants typically report just a few professional skills. Risk Consulting and Risk Management / Risk Control are considered valuable skills and can increase employee pay by 17 percent and 3 percent, respectively. 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 rich background of experience are typically rewarded with larger paychecks. The average worker who claims fewer than five years of experience earns around $65K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $94K. On average, Risk Management Consultants make $96K following one to two decades on the job. Six-figure salaries aren't unusual for professionals who have achieved more than 20 years of experience; median compensation for this group sits in the range of $102K.

Related Job Salaries

United States (change)

Experience Affects Risk Management Consultant Salaries

Late-Career
up arrow 29%

Experienced
up arrow 21%

Mid-Career
up arrow 19%

National Average
$79,000


Skills That Affect Risk Management Consultant Salaries

Risk Consulting
up arrow 17%

Risk Management / Risk Control
up arrow 3%

National Average
$79,000

Data Analysis
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 69% employee benefits None: 8%
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