Risk Management Director Salary

On average, Risk Management Directors in the United States earn six-figure salaries ($105K) annually, making for a very well-paid profession. Total cash earnings of Risk Management Directors range from $69K on the low end to $172K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $38K and $20K, respectively. Geography and career duration each impact pay for this group, with the former having the largest influence. Work is enjoyable for Risk Management Directors, who typically claim high levels of job satisfaction. Almost all enjoy medical while nearly all get dental coverage. Vision coverage is also available to a large number. Men working as Risk Management Directors who took the survey just slightly outnumber women at 51 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$68,361 - $148,838
(Median)
$68K
$100K
$150K
MEDIAN: $104,686
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$60K$120K$180K
Salary
$68,361 - $148,838  
   
Bonus
$0.00 - $38,438  
Profit Sharing
$0.00 - $20,111  
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).
)
$68,987 - $171,518  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 233
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Job Description for Risk Management Director

  • Examine and analyze risk data to determine potential loss.
  • Plan and direct the risk management program.
  • Oversee staff operations, business planning and budget development.
  • Direct staff in effective and efficient use of programs that promote quality processes.

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Risk Management Directors who responded to the survey indicated only a few skills that they use on the job. Risk Management / Risk Control and Insurance are considered valuable skills and can increase employee pay. Employees educated in Insurance are typically practiced in Risk Management / Risk Control, too.

Pay by Experience Level for Risk Management Director

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Relatively untried employees who have less than five years' experience make $82K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $104K. For Risk Management Directors, 10 to 20 years of experience on the job amounts to an average salary of $121K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $124K on average.

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Experience Affects Risk Management Director Salaries

Late-Career
up arrow 11%

Experienced
up arrow 9%

National Average
$112,000

Mid-Career
up arrow 7%

Entry-Level
up arrow 26%

Skills That Affect Risk Management Director Salaries

Risk Management / Risk Control
up arrow 2%

Insurance
up arrow 1%

National Average
$112,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
49 %
Male
51 %

Years of Experience

Less than 1 year
1%
1-4 years
10%
5-9 years
19%
10-19 years
37%
20 years or more
33%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 90%
vision benefits Vision: 81% employee benefits None: 2%
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