Generous salaries abound for Risk Management Directors in the United States, with average pay above six figures ($115K) per year. In the world of Risk Management Directors, overall cash allowance can occasionally include more than $50K from bonuses and, in some exceptional cases, $22K from profit sharing, causing incomes to vary widely between $72K and $196K. Location is the biggest factor affecting pay for this group, followed by experience level. Men make up a slight majority of Risk Management Directors (53 percent) who responded to the survey. Medical benefits are awarded to nearly all, and almost all earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.

$72,092 - $164,596
(Median)
$72K
$110K
$160K
MEDIAN: $114,503
10%
50%
90%

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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$70K$140K$210K
Salary
$72,092 - $164,596  
   
Bonus
$4,810 - $50,332  
Profit Sharing
$0.00 - $21,639  
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).
)
$72,237 - $195,532  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 144
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Job Description for Risk Management Director

Risk management directors are responsible for overseeing a company's policies and procedures to ensure compliance with local, state, and federal laws, as well as ensuring that the company complies with internal and external auditing.

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Risk Management Director Tasks

  • 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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Popular Skills for Risk Management Director


Risk Management Directors usually report a few specific skills. Most notably, skills in Insurance, Risk Management / Risk Control, Regulatory Compliance, and Safety Compliance are correlated to pay that is above average. Safety Compliance and Regulatory Compliance, on the other hand, are typically associated with much lower pay. Many workers who know Insurance also know Risk Management / Risk Control.

Pay by Experience Level for Risk Management Director

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


Although employees with less than five years' experience earn around $89K on average, the five-to-10 year group has a much higher, six-figure median of $118K. Risk Management Directors see a median salary of $143K after reaching one to two decades on the job. Survey participants with more than twenty years of experience only make around $129K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

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Experience Affects Risk Management Director Salaries

Experienced
up arrow 18%

Late-Career
up arrow 6%

National Average
$122,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 27%

Skills That Affect Risk Management Director Salaries

Insurance
up arrow 1%

National Average
$122,000

Risk Management / Risk Control
up arrow 1%

Regulatory Compliance
up arrow 6%

Safety Compliance
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

1-4 years
12%
5-9 years
16%
10-19 years
35%
20 years or more
37%

Common Health Benefits

medical benefits
Medical: 98%
dental benefits
Dental: 92%
medical benefits
Vision: 81%
dental benefits
None: 2%
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