Risk Management Director Salary

Average pay for a Risk Management Director in the United States is considerable, rounding six figures at $105K per year. Cash earnings for Risk Management Directors — which occasionally include more than $38K from bonuses and more than $20K from profit sharing — stretch from around $69K to approximately $172K. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Risk Management Directors. Medical benefits are awarded to almost all, and nearly all earn dental coverage. Men working as Risk Management Directors who took the survey just slightly outnumber women at 51 percent. This overview is based on answers to PayScale's salary questionnaire.

$68,440 - $149,046
(Median)
$68K
$110K
$150K
MEDIAN: $105,039
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
$68,440 - $149,046  
   
Bonus
$0.00 - $37,500  
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).
)
$69,071 - $172,022  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 235
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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.

Risk Management Director Job Listings

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Risk Management Directors who responded to the survey indicated only a few skills that they use on the job. Insurance and Risk Management / Risk Control are considered valuable skills and can increase employee pay. Competency in Insurance frequently indicates knowledge of 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.


Risk Management Directors with a lot of experience do not necessarily enjoy more money. Workers in their first five years can expect to earn $83K, but people who have been around for five to 10 years earn a noticeably bigger sum of $104K. Risk Management Directors see a median salary of $121K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $125K.

Related Job Salaries

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Experience Affects Risk Management Director Salaries

Late-Career
up arrow 11%

Experienced
up arrow 8%

National Average
$112,000

Mid-Career
up arrow 7%

Entry-Level
up arrow 26%

Skills That Affect Risk Management Director Salaries

Insurance
up arrow 3%

Risk Management / Risk Control
up arrow 2%

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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