Risk Management Consultant Salary

Risk Management Consultants in the United States can expect to earn an average of $73K annually. Final cash compensation to Risk Management Consultants varies from around $53K to approximately $127K; choice pay grades include potential for bonuses and profit sharing as high as $17K and $7K, respectively. While the specific employer and geographic location impact pay for this group, career length is the most influential factor. Men working as Risk Management Consultants who took the survey just slightly outnumber women at 57 percent. Most report receiving medical coverage from their employers and a large number collect dental insurance. Most Risk Management Consultants like their work and job satisfaction is high. This report is based on responses to the PayScale salary survey.

$53,160 - $116,878
$53K
$73K
$120K
MEDIAN: $72,661
10%
50%
90%

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$14.94 - $96.96
$15
$33
$97
MEDIAN: $33.00
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
$53,160 - $116,878  
   
Bonus
$1,028 - $17,253  
Profit Sharing
$654 - $7,450  
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).
)
$53,044 - $127,161  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 305
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
$14.94 - $96.96  
   
Overtime
$42.83  
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
$1,028 - $17,253  
   
Profit Sharing
$654 - $7,450  
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).
)
$53,044 - $127,161  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | 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

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

Risk Management Consultant Job Listings

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Popular Employer Salaries for Risk Management Consultant


Wells Fargo & Co., Wells Fargo Bank, EY (Ernst & Young), Deloitte & Touche LLP, and Dixon Hughes, PLLC are all popular places to work. The biggest paychecks can be found at Wells Fargo & Co. — the median salary there is $99K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $60K and highest ones in the neighborhood of $149K.

Popular Skills for Risk Management Consultant


Risk Management Consultants seem to require a rather large skill set. Most notably, facility with SAS, Data Modeling, and Process Improvement are correlated to pay that is significantly above average, leading to increases of 41 percent, 25 percent, and 18 percent, respectively. At the other end of the pay range are skills like Microsoft Excel and IT Risk. Risk Management / Risk Control is a skill commonly found among those who know Risk Consulting.

Pay by Experience Level for Risk Management Consultant

Pay by Experience for a Risk Management Consultant has a positive trend. An entry-level Risk Management Consultant with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 187 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $92,000 based on 96 salaries. An experienced Risk Management Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 72 salaries. A Risk Management Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $122,000 based on 27 salaries.

Pay Difference by Location

National Average: $76,664

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

San Francisco is home to an above-average pay rate for Risk Management Consultants, 30 percent higher than the national average. Risk Management Consultants can also look forward to large paychecks in cities like Los Angeles (+23 percent), Charlotte (+22 percent), Denver (+14 percent), and San Diego (+12 percent). Falling short of the national average by 20 percent, the area with the worst salaries is Boston. A couple other locations with smaller-than-average paychecks include St. Louis (18 percent lower) and Atlanta (17 percent lower).

Related Job Salaries

Key Stats for Risk Management Consultant

Gender

Female
43 %
Male
57 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.
Less than 1 year
12%
1-4 years
37%
5-9 years
23%
10-19 years
19%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Consultant Salaries

▲59%

▲32%

▲20%

National Average
$77,000

▼14%

Skills That Affect Risk Management Consultant Salaries

SAS
▲41%

Data Modeling
▲25%

Process Improvement
▲18%

Data Analysis
▲7%

Business Analysis
▲7%





National Average
$77,000

IT Risk
▼18%

Microsoft Excel
▼19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
12%
1-4 years
37%
5-9 years
23%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
vision benefits
Vision: 72%
no benefits
None: 10%