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Risk Management Director Salary

Six-figure salaries are the norm for Risk Management Directors in the United States, with median pay hovering around $111K per year. Total incomes of Risk Management Directors incorporate potential for, in a few cases, more than $39K from bonuses and close to $20K from profit sharing; these performance components cause packages to range between $68K and $172K. Geography and career length each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction for Risk Management Directors is high. Male Risk Management Directors are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 52 percent of the field. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
$67,797 - $149,988
(Median)
68K
86K
100K
130K
150K
MEDIAN: $103,357
10%
25%
50%
75%
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
$67,797 - $149,988  
   
Bonus
$0.00 - $39,336  
Profit Sharing
$-0.50 - $20,134  
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).
)
$68,270 - $172,270  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 178
United States (change)

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. Risk Management / Risk Control and Insurance are considered valuable skills and can increase employee pay. Aptitude in Insurance tends to also indicate an understanding 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.


Experience seems to be a major factor in determining the incomes of Risk Management Directors. Salaries for the relatively untried average out to around $73K, but survey participants with five to 10 years of experience earn a significantly higher median of $106K. The average pay reported by folks with 10 to 20 years of experience is around $120K. Risk Management Directors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $122K.

Related Job Salaries

Experience Affects Risk Management Director Salaries

Late-Career
up arrow 10%

Experienced
up arrow 9%

National Average
$111,000

Mid-Career
up arrow 5%

Entry-Level
up arrow 34%

Skills That Affect Risk Management Director Salaries

Risk Management / Risk Control
up arrow 3%

National Average
$111,000

Insurance
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
1%
1-4 years
9%
5-9 years
18%
10-19 years
40%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 88%
vision benefits Vision: 79% employee benefits None: 3%