Risk Management Consultant Salary

Risk Management Consultants in the United States can expect to earn an average of $74K per year. In the world of Risk Management Consultants, overall income ranges from $52K near the bottom to $130K at the top; this can include more than $20K from bonuses and more than $7K from profit sharing in exceptional cases. Earnings for this group are mostly affected by career duration, followed by the particular city and the individual firm. Most Risk Management Consultants report high levels of job satisfaction. A large number report receiving medical coverage from their employers and most collect dental insurance. Male Risk Management Consultants who responded to the survey are more common than women; more than half (64 percent) are men. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$51,373 - $116,080

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$20.61 - $193.92

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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
$51,373 - $116,080  
   
Bonus
$981 - $19,900  
Profit Sharing
$303.04 - $6,589  
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).
)
$52,127 - $130,092  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 335
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$70$140$210
Hourly Rate
$20.61 - $193.92  
   
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$140K$280K$420K
Bonus
$981 - $19,900  
   
Profit Sharing
$303.04 - $6,589  
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).
)
$52,127 - $130,092  
Country: United States | Currency: USD | Updated: 18 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


Employees of EY (Ernst & Young) can expect to make the most, with the company offering a median salary of $85K; however, pay is widely dispersed from bottom to top, ranging from $54K to $121K.

Wells Fargo Bank reports the lowest median salary in the area (it's only $67K) but some workers make up to $162K, indicating a rather large gap in employee earnings.


Risk Management Consultants report using a wide range of professional skills. Most notably, skills in Risk Consulting, Regulatory Compliance, Risk Management / Risk Control, and Project Management are correlated to pay that is above average, with boosts between 4 percent and 16 percent. Those listing Data Analysis and Project Management as skills, on the other hand, 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.


Risk Management Consultants with a rich background of experience are typically rewarded with larger paychecks. Relatively untried employees who have less than five years' experience make $64K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $93K. Risk Management Consultants who work for 10 to 20 years in their occupation tend to earn about $97K. Deeply experienced professionals who boast more than 20 years of experience haul in an ample $106K on average.

Pay Difference by Location


For Risk Management Consultants, busy Denver offers a higher-than-average pay rate, 39 percent above the national average. Risk Management Consultants will also find cushy salaries in New York (+31 percent) and San Francisco (+29 percent). In Charlotte, salaries are 11 percent below the national average and represent the lowest-paying market. Workers in Washington and St. Louis earn less than others in this profession; their salaries fall short of the national average by 8 percent.

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Experience Affects Risk Management Consultant Salaries

Late-Career
up arrow 34%

Experienced
up arrow 23%


National Average
$79,000


Skills That Affect Risk Management Consultant Salaries

Risk Consulting
up arrow 16%

Regulatory Compliance
up arrow 11%

Risk Management / Risk Control
up arrow 4%

National Average
$79,000

Project Management
up arrow 7%

Data Analysis
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 44 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
10%
1-4 years
35%
5-9 years
25%
10-19 years
20%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 72% employee benefits None: 8%
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