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Risk Management Consultant Salary

For Risk Management Consultants, yearly average wages total $74K annually. In the world of Risk Management Consultants, total cash compensation can vary between $52K and $131K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $6K, respectively. Earnings for this group are mostly affected by location, followed by career duration and the individual firm. The majority of Risk Management Consultants claim high levels of job satisfaction. Men account for the majority of Risk Management Consultants who responded to the questionnaire — 65 percent to be exact. Most report receiving medical coverage from their employers and a large number collect dental insurance. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$51,129 - $114,260
(Median)
$51K
$74K
$110K
MEDIAN: $73,823
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
$51,129 - $114,260  
   
Bonus
$978 - $20,339  
Profit Sharing
$306.39 - $6,362  
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).
)
$51,581 - $131,479  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 319
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
$978 - $20,339  
   
Profit Sharing
$306.39 - $6,362  
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).
)
$51,581 - $131,479  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 13

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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


Although EY (Ernst & Young) boasts the highest average salary in town at $86K, employee compensation still varies greatly — workers can make as little as $56K or as much as $122K.

Offering a median salary of only $77K, Deloitte & Touche LLP gives out the smallest paychecks. Furthermore, the earnings range of $51K to $115K isn't that wide, either.


Professional skills reported by Risk Management Consultants are few in number. Risk Consulting and Risk Management / Risk Control are considered valuable skills and can increase employee pay by 17 percent and 3 percent, respectively. Those listing Data Analysis as a skill should be prepared for drastically lower pay.

Pay by Experience Level for Risk Management Consultant

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


Salaries for the relatively untried average out to around $64K, but survey participants with five to 10 years of experience earn a significantly higher median of $95K. After working for 10 to 20 years, Risk Management Consultants make a median salary of $95K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $101K on average.

Related Job Salaries

United States (change)

Experience Affects Risk Management Consultant Salaries

Late-Career
up arrow 28%

Mid-Career
up arrow 22%

Experienced
up arrow 21%

National Average
$78,000


Skills That Affect Risk Management Consultant Salaries

Risk Consulting
up arrow 17%

Risk Management / Risk Control
up arrow 3%

National Average
$78,000

Data Analysis
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
10%
1-4 years
35%
5-9 years
26%
10-19 years
19%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 70% employee benefits None: 8%