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Risk Management Consultant Salary

Risk Management Consultants in the United States take home approximately $74K per year on average. Final cash compensation to Risk Management Consultants varies from around $52K to approximately $130K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $6K, respectively. The most influential factor affecting pay for this group is experience level, though the particular city and the specific company have a (lesser) impact as well. Medical benefits are awarded to a large number, and most earn dental coverage. Male Risk Management Consultants who responded to the survey are more common than women; more than half (65 percent) are men. Most Risk Management Consultants like their work and job satisfaction is high. The information for this snapshot was generated by responses to the PayScale salary survey.

$51,111 - $114,480
(Median)
$51K
$74K
$110K
MEDIAN: $74,378
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
$51,111 - $114,480  
   
Bonus
$983 - $20,258  
Profit Sharing
$400.00 - $6,240  
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).
)
$51,578 - $129,958  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 326
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 - $20,258  
   
Profit Sharing
$400.00 - $6,240  
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).
)
$51,578 - $129,958  
Country: United States | Currency: USD | Updated: 16 May 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


For Risk Management Consultants, comfortable salaries can be found at Wells Fargo & Co.; in fact, average earnings are around $79K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($49K versus $129K) is great.


Risk Management Consultants note just a narrow range of job skills. Those who have experience with Risk Consulting, Risk Management / Risk Control, and Data Analysis can expect to be compensated well for these skills. 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. Survey participants with less than five years' experience pocket $65K on average, but those with five to 10 years of experience enjoy a much bigger median of $94K. Risk Management Consultants see a median salary of $96K after reaching one to two decades on the job. Deeply experienced professionals who boast more than 20 years of experience haul in an ample $102K on average.

Pay Difference by Location


For Risk Management Consultants, New York provides a pay rate that is 31 percent greater than the national average. Risk Management Consultants will also find cushy salaries in San Francisco (+23 percent) and Boston (+13 percent). In St. Louis, salaries are 10 percent below the national average and represent the lowest-paying market. Not at the bottom but still paying below the median are employers in Washington and Chicago (10 percent less).

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Experience Affects Risk Management Consultant Salaries

Late-Career
up arrow 28%

Experienced
up arrow 21%

Mid-Career
up arrow 19%

National Average
$79,000


Skills That Affect Risk Management Consultant Salaries

Risk Consulting
up arrow 16%

Risk Management / Risk Control
up arrow 3%

National Average
$79,000

Data Analysis
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
10%
1-4 years
34%
5-9 years
27%
10-19 years
19%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 69% employee benefits None: 8%
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