Risk Management Consultant Salary

Risk Management Consultants in the United States pull down an average of $74K annually. Total cash compensation for Risk Management Consultants runs from $53K to $133K depending on bonuses that can occasionally exceed $20K and profit sharing that can reach almost $7K. This group's pay is mainly influenced by career length, followed by geography and the specific company. Men make up the majority of Risk Management Consultants (62 percent) survey respondents. Job satisfaction for Risk Management Consultants is high. Most report receiving medical coverage from their employers and a large number collect dental insurance.

$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


Wells Fargo & Co. does shell out the biggest paychecks — the median in that office is $79K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $48K while workers on the upper end may rake in up to $132K.

EY (Ernst & Young) seems to offer the smallest paychecks with a median salary of only $68K. The pay range is quite narrow, too; compensation generally sits between $54K and $121K.

Popular Skills for Risk Management Consultant


Risk Management Consultants report using a wide range 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. At the other end of the pay range are skills like Data Analysis and Project Management. Risk Consulting and Risk Management / Risk Control are also commonly seen together.

Pay by Experience Level for Risk Management Consultant

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


Experience seems to be a major factor in determining the incomes of Risk Management Consultants. Respondents with less than five years' experience take home $66K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $94K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $100K. Average wages for folks with more than 20 years of experience come out to around $120K.

Pay Difference by Location

National Average: $78,164

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

For Risk Management Consultants, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. 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. Workers in Charlotte and Washington earn salaries that trail the national average for those in this profession (7 percent less).

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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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