Risk Management Consultant Salary

The average Risk Management Consultant in the United States can expect to rake in roughly $75K per year. Total cash compensation to Risk Management Consultants approaches anywhere from $52K on the lower end to $133K on the higher end; in exceptional cases, this can include more than $20K from bonuses and upwards of $7K from profit sharing. The most influential factor affecting pay for this group is location, though years of experience and the particular employer have a (lesser) impact as well. Men account for the majority of Risk Management Consultants who responded to the questionnaire — 65 percent to be exact. Medical benefits are awarded to a large number, and most earn dental coverage. Most Risk Management Consultants report high levels of job satisfaction.

$51,404 - $117,728
(Median)
$51K
$75K
$120K
MEDIAN: $74,835
10%
50%
90%

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$20.61 - $193.92
(Median)
$21
$60
$190
MEDIAN: $60
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
$51,404 - $117,728  
   
Bonus
$983 - $20,134  
Profit Sharing
$304.10 - $6,544  
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).
)
$51,900 - $133,429  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 335
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 - $20,134  
   
Profit Sharing
$304.10 - $6,544  
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).
)
$51,900 - $133,429  
Country: United States | Currency: USD | Updated: 2 Jul 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 Wells Fargo & Co. boasts the highest average salary in town at $81K, employee compensation still varies greatly — workers can make as little as $50K or as much as $143K.

For Risk Management Consultants, below-average salaries can be found at Wells Fargo Bank; in fact, average earnings are around $69K, the lowest in the area, though the difference in the company's lowest and highest employee paychecks ($54K versus $163K) is great.


Typical Risk Management Consultants report a focused set of job skills. Most notably, skills in Risk Consulting, Regulatory Compliance, Risk Management / Risk Control, and Data Analysis are correlated to pay that is above average, with boosts between 4 percent and 17 percent. 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 lot of experience tend to enjoy higher earnings. The average beginner in this position makes around $65K, but folks who have been around for five to 10 years see a markedly higher median salary of $94K. Risk Management Consultants see a median salary of $98K after reaching one to two decades on the job. Old hands who claim more than two decades on the job enjoy average earnings of $105K.

Pay Difference by Location


Denver offers some of the highest pay in the country for Risk Management Consultants, 44 percent above the national average. Risk Management Consultants will also find cushy salaries in New York (+32 percent) and San Francisco (+28 percent). Those in the field find the lowest salaries in Charlotte, 10 percent below the national average. Employers also pay below the national average in Washington and St. Louis (9 percent lower).

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Experience Affects Risk Management Consultant Salaries

Late-Career
up arrow 31%

Experienced
up arrow 23%


National Average
$80,000


Skills That Affect Risk Management Consultant Salaries

Risk Consulting
up arrow 17%

Regulatory Compliance
up arrow 10%

Risk Management / Risk Control
up arrow 4%

National Average
$80,000

Data Analysis
up arrow 22%

Job Satisfaction

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

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
10%
1-4 years
34%
5-9 years
26%
10-19 years
20%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 84%
vision benefits Vision: 71% employee benefits None: 8%
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