Risk Management Director Salary

Average pay for a Risk Management Director in the United States is considerable, rounding six figures at $107K per year. In the world of Risk Management Directors, total cash compensation can vary between $70K and $177K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $40K and $15K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Men make up a slight majority of Risk Management Directors (51 percent) who responded to the survey. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Most Risk Management Directors like their work and job satisfaction is high. This overview is based on answers to PayScale's salary questionnaire.

$68,715 - $151,988
(Median)
$69K
$110K
$150K
MEDIAN: $107,172
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$60K$120K$180K
Salary
$68,715 - $151,988  
   
Bonus
$0.00 - $40,268  
Profit Sharing
$0.00 - $14,795  
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).
)
$69,562 - $177,429  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 283
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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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Popular Skills for Risk Management Director


Survey results show that Risk Management Directors typically report just a few professional skills. Most notably, skills in Risk Management / Risk Control, Insurance, Regulatory Compliance, and Safety Compliance are correlated to pay that is above average. Skills that seem to negatively impact pay include Safety Compliance. Insurance and Risk Management / Risk Control are also commonly seen together.

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 rich background of experience are typically rewarded with larger paychecks. Inexperienced workers earn around $86K, but people who have been around for five to 10 years pull down a much higher average of $106K. Risk Management Directors see a median salary of $123K after reaching one to two decades on the job. People who have worked for more than 20 years report a median income of $129K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Risk Management Director Salaries

Late-Career
up arrow 12%

Experienced
up arrow 7%

National Average
$115,000

Mid-Career
up arrow 8%

Entry-Level
up arrow 26%

Skills That Affect Risk Management Director Salaries

Risk Management / Risk Control
up arrow 4%

Insurance
up arrow 4%

Regulatory Compliance
0%

National Average
$115,000

Safety Compliance
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
49 %
Male
51 %

Years of Experience

Less than 1 year
0%
1-4 years
10%
5-9 years
19%
10-19 years
39%
20 years or more
32%

Common Health Benefits

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